Day: November 24, 2022

Want to Trade with SagaTrade? Read This First!

SagaTrade likes to give people the impression it’s a reliable broker, but in the end, it may just be another crypto scam. This broker has been flagged by the FCA or the Financial Conduct Authority of the UK and the FMA of New Zealand. This broker claims to be located in the United Kingdom, but if so, it would need a license from the FCA, which it clearly doesn’t. 

Is SagaTrade a Scam or Legitimate? 

SagaTrade is dishonest, which isn’t a good recommendation for a broker. It claims it offers MetaTrader, when it offers customers only a web-based platform that the broker can easily manipulate. SagaTrade demands a very high minimum, when in actually, you can open an account for 250 euros, which is still high. It also has a high leverage, which means it’s eager to get customers to trade on the margin and become indebted to them. This is a great way to rationalize not letting customers withdraw their money. 

We Found Problems with SagaTrade: 

• No license
• Flagged by FCA and FMA
• Misleading statements
• Negative reviews
• No transparency. 

What You Should Do If You Have an Account with SagaTrade? 

You should close your account with BullGeko immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with BullGeko? Read This First!

People who like 80s films may remember the hit Wall Street with the villainous character named Gordon Gekko whose motto was “greed is good.” Is there any coincidence that BullGeko has a similar-sounding name? They may well operate according to this motto. BullGeko tries to lure people in with a zero minimum required deposit and a promise of huge gains from crypto trading. However, it seems to be a crypto scam, because it’s been showing significant red flags. 

Is BullGeko a Scam or Legitimate? 

First, it isn’t licensed. Not only that but it’s dishonest about its licensing. It says it has a license from the Marshall Islands. This is a third-rate regulator, but upon further inspection, we discovered BullGeko doesn’t even have this flimsy license. It has no oversight at all. That may explain why it feels it can make bold claims.

 BullGeko accepts only cryptocurrency as payment, has it’s own suspicious token and doesn’t offer MetaTrader, but a proprietary web-based platform. Having its own token and platform isn’t necessarily a good thing. It looks like it’s trying to get away with whatever it wants to. Many negative reviews validate this. 

We Found Problems with BullGeko: 

• No license
• Misleading statements
• Negative reviews
• No transparency. 

What You Should Do If You Have an Account with BullGeko? 

You should close your account with BullGeko immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with Olympus4X? Read This First!

Olympus4X may present itself as a broker that will give you robust returns on your investments, but don’t believe these proises. In the first place, no broker can guarantee returns. Most markets can’t be gamed entirely. While trading isn’t like gambling, it is far from certain. This is especially true in the high-risk crypto and forex sectors. In addition, Olympus4X has been flagged by the OSC or the Ontario Securities Commission. This is reason enough to stay away. 

Is Olympus4X a Scam or Legitimate? 

Don’t trade with a broker that has been flagged by a major regulator. The OSC  is concerned about Olympus4X because it’s offering services without a license. This is a serious problem. The problem with brokers that refuse to get licenses is there isn’t any oversight. If you fall victim to fraud, there is no recourse from regulators if the broker had no license. However, you can seek help from law enforcement and CryptoCoinTrace experts. 

We Found Problems with Olympus4X: 

• No license
• Flagged by OSC
• Misleading statements
• Negative reviews
• No transparency. 

What You Should Do If You Have an Account with Olympus4X? 

You should close your account with Olympus4X immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with Managed Forex with Us? Read This First!

Managed Forex With Us sounds more like an advertisement than the name of a broker. However, you shouldn’t allow this broker to manage your forex or any of your other trades. This broker has been flagged by two major regulators—OSC or the Ontario Securities Commission and the CONSOB, the Italian financial regulators. This is concerning since regulators don’t flag brokers without a very good reason. 

Is Managed Forex with Us a Scam or Legitimate? 

The OSC is warning the public about Managed Forex with Us because it is offering its services without a license. This is bad enough, but Managed Forex with Us has been the subject of numerous customer complaints. This broker reveals nothing about its background, who is in charge of it or its history. We don’t recommend trading with this broker. There are too many red flags. 

We Found Problems with Managed Forex with Us: 

• No license
• Flagged by OSC, CONSOB
• Misleading statements
• Negative reviews
• No transparency. 

What You Should Do If You Have an Account with Managed Forex with Us? 

You should close your account with Managed Forex with Us immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Is USA Global Bank a Legitimate or a Scam?

USA Global Bank is a very generic-sounding name. It really wants to convince you that it is a US-based bank. However, this financial entity is not licensed or legitimate. It has been flagged by the FSMA–the main financial regulator of Belgium and is being investigated by the SEC for offering fake financial services and misleading the public. USA Global Bank is another reason it’s important to always research financial services before signing up and making sure they are the real deal. 

We Have Found Problems with USA Global Bank

USA Global Bank is being investigated by the authorities for soliciting funds from the public for fake financial services. It is not a bank at all–banks must be licensed and must have the oversight of regulators. USA Global Bank doesn’t have a license and is on the warning list among some of the world’s major regulators. We recommend staying far away from USA Global Bank. 

These Classic Red Flags Indicate USA Global Bank May Be a Scam

• No license
• No transparency
• Flagged by FSMA
• Investigated by the SEC
• Misleading claims
• Negative reviews

What You Should Do If You Have an Account with USA Global Bank

 If you currently hold an account with USA Global Bank close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Want to Trade with CoinTrading FX? Read This First!

CoinTradingFX is a suspected bitcoin scam. First, it claims to be located in the United Kingdom, although it has no license from the Financial Conduct Authority or the FCA. The address itself seems to be fake. In addition, CoinTradingFX claims that it has been around for 11 years, but its website is only a year old. The website design and content is identical to 45 other websites. This is clearly not a reason to trust CoinTradeFX. 

Is CoinTrading FX or Legitimate? 

CoinTradingFX offers huge returns for customers. This is how they lure people. Not surprisingly, these promises are empty. No brokers can guarantee returns, especially in risky sectors such as forex and cryptocurrency. Also, customers will be given a 5% bonus for signing up new clients. Don’t be fooled into signing up with CoinTradingFX. Instead, research licensed brokers and choose one that is reliable and has oversight. 

We Found Problems with CoinTrading FX: 

• No license
• Misleading statements
• Negative reviews
• No transparency. 

What You Should Do If You Have an Account with SagaTrade? 

You should close your account with CoinTradingFX immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Is Global Get Back a Legitimate or a Scam Broker?

If you’ve lost money to a broker scam, the last thing you want is to be robbed again. Unfortunately, many fake operations that claim to provide fund recovery to broker scam victims are out to cheat people again. This is a cruel thing to do, so it’s important to always research fund recovery operations to ensure they are legitimate. Global Get Back is an unlicensed financial company, and it has been flagged by FCA, the Financial Conduct Authority in the UK because it has no license and has been the subject of numerous complaints. 

We Have Found Problems with Global Get Back

In addition to the FCA warning, there are many other issues with Global Get Back. We visited their website and found very little information. The content is fluff and doesn’t inform us at all about who is behind this company and its services. There is an About Us section, but it has only names and photos–no credentials or description of experience in the field. We see one testimonial, which doesn’t inspire confidence, and we aren’t sure if it’s real. We recommend staying away from Global Get Back which offers only false promises and no reason to believe in their services. 

These Classic Red Flags Indicate Global Get Back May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Flagged by FCA, 
• Negative reviews

What You Should Do If You Have an Account with Global Get Back

 If you currently hold an account with Global Get Back, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Is TrustInvesting a Legitimate or a Scam Broker?

TrustInvesting has adopted a name to gain the confidence of investors. However, it doesn’t even come close to living up to this name. In fact, the rise and fall of TrustInvesting is well documented. There is a chance that a former crypto scam will try to regenerate its reputation and try to convince new would-be victims that it is legitimate. In the case of TrustInvesting, don’t believe them. They have tried to “recover” various times, so stay safe from their next comeback.

We Have Found Problems with TrustInvesting

TrustInvesting like many other crypto scams promised its investors high returns. Right off the bat, there is a problem. No broker can guarantee that traders will make a certain amount of money, especially in the highly volatile crypto market. They encourage clients to recruit new clients, which makes this an MLM as well as a suspected Ponzi scheme. 

When TrustInvesting couldn’t give their customers withdrawals, they claimed they were victims of an $840 million hack. It’s true that hacking happens, but it is a common excuse used by crypto scams. Whenever you see a broker claiming this, look for follow-up stories and investigations confirming these statements. There were no official statements validating that TrustInvesting was hacked. They still were pushing their phony coin, the TrusterCoin, and were promising clients double and triple-digit returns following the hack. 

TrustInvesting has been flagged by the Spanish financial regulator, CNMV. There is no reason to give this broker your confidence or your money. 

These Classic Red Flags Indicate TrustInvesting May Be a Broker Scam

• No license
• No transparency
• False promises
• Suspected Ponzi crypto scam and MLM
• Misleading claims
• Flagged by CNMV
• Negative reviews

What You Should Do If You Have an Account with TrustInvesting

 If you currently hold an account with TrustInvesting, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

Is Peace Ranch a Legitimate or a Scam Broker?

Peace Ranch sounds like a calm, reassuring presence, or possibly a cult. Actually, it looks a lot like a crypto scam. There is no disclosure about who runs it or transparency about how the scheme actually works. However, we found out from those who were taken in by Peace Ranch’s false promises. The website alone should clue us in that this may be a crypto scam. There is no absolute proof yet, but we hope the authorities look into this broker. 

We Have Found Problems with Peace Ranch

Peace Ranch claims that its services are free, but they aren’t really. You can look at the site for free, but once you sign up to invest, you will be charged huge fees. Peace Ranch also guarantees that people will get specific returns for their trades. No broker can guarantee this. It also seems like an MLM operation, because people are given bonuses for signing up additional users. 

These Classic Red Flags Indicate Peace Ranch May Be a Broker Scam

• No license
• No transparency
• Misleading claims
• Negative reviews

What You Should Do If You Have an Account with Peace Ranch

 If you currently hold an account with Peace Ranch, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!