Day: March 22, 2023

Do You Want to Know If Royal Tungsten Is Legitimate or a Scam Broker? 

Royal Tungsten’s website looks pretty good. It doesn’t seem to be a typical broker scam. The language isn’t too hypey, but we do wonder how it manages to make money if it claims not to charge commissions and has low spreads. However, our customers told us how Royal Tungsten makes its money–from crazy fees they don’t warn people about on the homepage. We have heard firsthand from people who have lost money to Royal Tungsten. 

There Are Some Problems with Royal Tungsten

People think they are making money with Royal Tungsten, until it’s time to withdraw funds. Then, the broker will tell them they have to pay fees for 30% to 40% in taxes or they find other excuses. Traders usually have to take care of capital gains themselves. When a broker withholds your money, it’s important to ask questions. Unfortunately, too many people are persuaded that this is acceptable. It isn’t. 

Red Flags that Royal Tungsten Could Be a Scam Broker

• No license
• Exorbitant fees
• No transparency
• Misleading statements
• Verified customer complaints

If You Need Fund Recovery from Royal Tungsten, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If Crypto Chain Group Is Legitimate or a Scam Broker? 

We are directly involved with Crypto Chain Group because several of our clients have filed a complaint against this broker. We can see several problems on their website that suggest this is a fraud. For instance, they can’t seem to tell a straight story about their licensing. Crypto Chain Group says it’s licensed by Estonia and the Grenadines. There is no such place. They most likely meant Estonia AND St. Vincent and the Grenadines. This still isn’t okay. For one thing, Estonia doesn’t allow the kind of crazy bonuses Crypto Chain Group Offers. St. Vincent and the Grenadines don’t offer any oversight and all. Either violated their license or have none. 

There Are Some Problems with Crypto Chain Group

Crypto Chain Group’s site directs viewers to the huge amounts they expect people to deposit, how much of a bonus they can get, how much a return they can expect, and more. However, they don’t show us any signs of being a reliable broker. We don’t see any names of the people who run this broker. Also, in the fine print, we notice that any returns earned by trading bonus money can’t be withdrawn. This is a nasty trick and is a good reason why regulators don’t allow these bonuses. 

Red Flags that Crypto Chain Group Could Be a Scam Broker

• No license
• No transparency
• Misleading statements
• Conflicting information about licensing
• Fake bonuses
• Restricts client withdrawals
• Verified customer complaints

If You Need Fund Recovery from Crypto Chain Group, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If ArgoTrade Is Legitimate or a Scam Broker? 

ArgoTrade is a broker that our own clients have complained about. We have direct knowledge of what tactics ArgoTrade uses and the damage they do. It didn’t take long on ArgoTrade website to discover some problems with this broker. It’s unlicensed and located in Seychelles. This island paradise is home to many financial scams. That’s because its regulator body is quite lax and hardly does any regulation at all. It’s a great place to spend on vacation, but don’t sign up for a broker from there. 

There Are Some Problems with ArgoTrade

We couldn’t find any information about the people who run ArgoTrade. There is no transparency. However, they do claim to be an ethical broker. That’s right before the brag about leverage at 1:300–higher than many regulators allow. They say they have low spreads but won’t give a number. This is ridiculous–customers should know enough about a broker before signing up for a license. However, this behavior is common with unregulated brokers. 

Red Flags that ArgoTrade Could Be a Scam Broker

• No license
• No transparency
• Misleading statements
• High leverage
• Verified customer complaints

If You Need Fund Recovery from ArgoTrade, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If Aviz Group Is Legitimate or a Scam Broker? 

Aviz Group is a broker that has a visually impressive website, but its content clearly shows that it doesn’t really care about professionalism. It simply wants to use cliches and fluff to gain the confidence of clients. Worse, it hooks people in with fake bonus deals which ultimately keep their victims from withdrawing their funds. This is one of the worst types of scam broker tactics and it guarantees losses. 

There Are Some Problems with Aviz Group

How can Aviz Group get away with all this? It’s located in St. Vincent and the Grenadines. Brokers go out of their way to be located in places where there is little or no regulatory oversight. To validate this suspicion, traders are told that, if they accept a trading bonus, they can’t withdraw their money until they’ve traded 25 times the volume of their initial deposit and bonus combined. This is crazy and exploitative. 

Red Flags that Aviz Group Could Be a Scam Broker

• No license
• Fake bonuses
• Won’t allow withdrawals
• No transparency
• Misleading statements
• Verified customer complaints

If You Need Fund Recovery from Aviz Group, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If QuickFXTrade Is Legitimate or a Scam Broker? 

You may be impressed by a broker that claims to have won multiple awards. However, any statement that brokers make should be validated. QuickFXTrade definitely wants us to know that it’s an award-winning broker. However, only one of the six awards QuickFXTrade claims to have won actually exists. However, we couldn’t validate that QuickFXTrade won the award. Some of these prizes are laughable. They claim to have won the “World’s Leading Binary Options Broker.” It’s kind of as convincing as a World’s Best Dad t-shirt. 

There Are Some Problems with QuickFXTrade

Worse than bragging about non-existent prizes is QuickFXTrade’s guaranteeing client returns. Does this mean they are claiming to give clients money even if they lose trades? This isn’t likely. Who can guarantee market returns anyway? There are no details because this is a skimpy one-page website. Also, QuickFXTrade has been flagged by the SEC and the CFTC. Don’t trust this broker. 

Red Flags that QuickFXTrade Could Be a Scam Broker

• No license
• Flagged by SEC, CFTC
• No transparency
• Misleading statements
• Bad reviews

If You Need Fund Recovery from QuickFXTrade, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If Smart Bull Options Is Legitimate or a Scam Broker? 

Smart Bull Options is yet another broker that may have a decent website and passable web content, but just a casual glance at the home page should signal that it’s a suspected scam. For instance, among other “favourite” trading instruments, it says it offers CFDs. Many traders realize that CFDs are illegal in the United States, but since Smart Bull Options spelled favorite the British way as “favourite,” we can assume they are located outside of the United States, so then it’s okay, right? Wrong.

There Are Some Problems with Smart Bull Options

The SEC has flagged Smart Bull Options as a suspected scam and says they are offering trading assets without proper licensing. Lo and Behold, we also discover from the SEC that Smart Bull Options is located in the United States. That means that they are offering trading of CFDs illegally. This is only one of many problems with Smart Bull Options, but it certainly shows a clear intent to deceive. It’s petty to change the spelling of words on a home page to try to get away with unauthorized trading. 

Red Flags that Smart Bull Options Could Be a Scam Broker

• No license
• Deceptive tactics
• Flagged by SEC
• No transparency
• Bad reviews

If You Need Fund Recovery from Smart Bull Options, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If SmartAutoFXTrades Is Legitimate or a Scam Broker? 

SmartAutoFXTrades tells its clients that they will make a lot of money. This isn’t good news. Of course everyone wants profitable trades. However, no broker can guarantee specific percentages of returns. The market is volatile and has its ups and downs. How can a broker be sure their clients will make double digit returns months after months. To even claim this is a red flag for a scam.

There Are Some Problems with SmartAutoFXTrades

This isn’t the only problem with SmartAutoFXTrades. This broker has no license and has been flagged by the SEC. It’s never worthwhile to trust an unlicensed broker no matter what they claim. In addition, SmartAutoFXTrades urges clients to use cryptocurrency for deposits and withdrawals. This helps the broker hide money into anonymous bitcoin wallets and try to get away with their activities. 

Red Flags that SmartAutoFXTrades Could Be a Scam Broker

• No license
• Flagged by SEC
• No transparency
• Misleading statements
• Bad reviews

If You Need Fund Recovery from SmartAutoFXTrades, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Do You Want to Know If Sparkle White FX Is Legitimate or a Scam Broker? 

Sparkle White FX is a great name for a household product. Your dentist may recommend it to make your teeth shine. However, it’s simply not a reliable broker. For one thing, Sparkle White FX is an unregulated broker. It’s been flagged by the SEC. This is a serious consideration. No broker that has been called out by a major regulator has done absolutely nothing wrong. Out of the thousands of brokers, regulators only spend their time warning the public unless these dodgy brokers have been checked out. Sparkle White FX is already tainted. 

There Are Some Problems with Sparkle White FX

Don’t trust a broker without a license. This is a basic rule that many people forget. They may know this, but a broker can give a flashy deal or promise huge returns. People will abandon their common sense and act like they are in a casino. It’s never worth trading with an unlicensed, SEC-flagged broker no matter what they offer. Don’t let the Sparkle White name fool you. Buy Sparkle White for your floors, laundry or teeth but not for your pocketbook. 

Red Flags that Sparkle White FX Could Be a Scam Broker

• No license
• Flagged by SEC
• No transparency
• Misleading statements
• Bad reviews

If You Need Fund Recovery from Sparkle White FX, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

Want to Trade with Standard Crypto TradeFX? Read This First!

Standard Crypto TradeFX seems like a legitimate broker–but look at its About Us page. It’s important to dig deeply before opening an account with a broker and double-check all information. We don’t see anything dodgy until the licensing information, but it speaks volumes. On the About Us page, we don’t see any names of people who run Standard Crypto TradeFX. That’s the least of it. 

Is Standard Crypto TradeFX a Scam or Legitimate? 

Standard Crypto TradeFX shows a business registration license. That’s not a brokerage license. It just means it has permission to operate as a business. It offers us a link to the brokerage license. The so-called license is written on the SEC stationary, but what we see is shocking. It’s not a license at all, but more fluff PR for Standard Crypto TradeFX. No signature, just a stamp that says “approved.” This is cartoonish and insulting. They really want people to believe this is a license. We understand why this broker has been flagged by the FCA. 

We Found Problems with Standard Crypto TradeFX: 

• Blatant deception about licensing
• Flagged by the FCA
• No transparency
• No contact information
• Bad reviews

What You Should Do If You Have an Account with Standard Crypto TradeFX? 

You should close your account 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 Stock Harbour? Read This First!

Stock Harbour’s name is strange. Not only do we fail to see how a harbor can be related to trading, but the British spelling of “Harbour” seems inconsistent with its attempt to suggest it has a U.S. location. It tries to flatter the SEC, presumably to lead people to believe it has an SEC license. On its webpage, we see:

Stock Harbour Investment manages and supports the Commission (SEC) in its mission to protect investors, maintain fair, orderly, efficient transactions and facilitate capital information.”

Since when does a broker “manage” and an unlicensed fake broker “support” a major regulator’s mission? If it really did so, it would apply for an SEC license. 

Is Stock Harbour a Scam or Legitimate? 

This impression of a connection with the SEC should fail if anyone does a Google Search. Stock Harbour has been flagged as a potential scam by the SEC and has even been issued with a Cease and Desist order from the SEC. Stock Harbour is commanded to stop its operations because of misleading customers and misappropriating funds. This is definitely not a broker that anyone should even think about trading with. It has apparently ceased operations, but like many broker scams, it may reappear in a different form. 

We Found Problems with Stock Harbour: 

• Not regulated
• Cease and Desist order from the SEC
• Fake guarantees
• Confirmed broker scam
• No transparency
• No contact information

What You Should Do If You Have an Account with Stock Harbour? 

You should close your account 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!