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Day: March 30, 2023

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Scam Broker TradeCare365

Do You Want to Know If TradeCare365 Is Legitimate or a Scam Broker? 

In spite of the promotional-sounding name, TradeCare365 looks like a regular broker, judging by its site–at first glance. The content seems to have been written by several people and sections sound a bit dodgy. The biggest omission on this site is the mention of a license. TradeCare365, for all of the services it mentions, has no license and no basic protection of client funds. They won’t tell us who they are, but the About Us section wants us to know they’ve gone a long way in a short amount of time. Good for them, whoever they are. 

There Are Some Problems with TradeCare365

The terms and conditions should be a warning that this isn’t a legitimate broker. The beginning seems like a real legal document until we get to the Liability section which is written in screaming All-caps. TradeCare365 doesn’t think it should get sued for any reason and feels it should be able to mislead people. We’ll also add that it has third-rate trading software and claims to have won awards that don’t exist. Also, it claims to have spreads of 0.00%, which causes us to wonder how it makes money. 

We Found the Following Red Flags with TradeCare365:

  • No license
  • Misleading statements
  • Shady terms and conditions
  • Fake awards
  • Bad reviews

What You Should Do If You Have an Account with TradeCare365?

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!


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Scam Broker Meteor Trade

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

Meteor Trade has a decent website, except for a cringeworthy headline. It has no transparency, though, or proof of licensing. In fact, it’s been flagged by the SEC and the FCA of the UK has said it’s a suspected clone broker. This means the broker has taken a name similar to a regulated broker and has created a knock-off website and used a similar-sounding name to deceive people. Without these warnings, though, it’s obvious this is a scam from the trading conditions. 

There Are Some Problems with Meteor Trade

The damage this clone broker can do is obvious when we look at the trading conditions. There are many crazy things written here. First of all, the broker says they have the right to suspend accounts at any time. Second, it can adjust fees without warning. Third, Meteor Trade can charge 30% in inactivity fees. Third, even though it claims not to charge commissions, the fine print says they deduct commissions automatically every month. Fourth, Meteor Trade offers illegal bonuses that can tie up money in client accounts. Fifth, the broker says any client money belongs to the broker until a trade is executed. We could probably have found more problems, but this is alarming.  

Red Flags that Meteor Trade Could Be a Scam Broker

  • Suspected clone scam
  • SEC and FCA warnings
  • Terrible trading conditions
  • No transparency
  • Bad reviews

If You Need Fund Recovery from Meteor Trade, 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.


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Scam Broker McNeill

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

McNeill Associates say they provide tax advice. However, they show no license or names of people who are behind this organization. The company has been flagged by the SEC. There are a few clues, outside of the warning, that this is a sketchy company. The lack of information and no mention of a license are not good sign. Presumably, people who are seeking important advice about taxes should know who they are dealing with. We still don’t know who is behind this company. 

There Are Some Problems with McNeill Associates

This is yet another case of a company that seems to be trying to help vulnerable people, and instead, ends up tricking them. It’s important that, before seeking financial services or consultation, to verify identities and licenses. Make sure that the service doesn’t have any regulator warnings. If you notice serious gaps or red flags, avoid the financial company. Never take a chance with your money. 

Red Flags that McNeill Associates Could Be a Scam Broker

  • SEC warning
  • Misleading statements
  • Negative reviews
  • Lack of transparency

If You Need Fund Recovery from McNeill Associates, 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.


Best Website For Identifying Scam Crypto Brokers.

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Scam Broker Mayor Mining FX

Want to Trade with Mayor Mining FX? Read This First!

Have you visited the Mayor MiningFX? You may have noticed that, before you can access the site, you are told to visit an address rather than entrusting money directly with those mentioned on the website. That is about as big a red flag as you could ask to see. Clearly, the people who run this broker are in trouble. The site content gives us a clue why. The site is filled with guarantees of returns, bonuses, and deals to sign up other traders before people have even begun. This doesn’t give a sense of security. 

Is Mayor Mining FX a Scam or Legitimate? 

. Behind the overly-complicated legalese of the contract, there lies something that is most likely a scam. We tried to find out more about Mayor Mining FX and found it is located in Seychelles and St. Vincent and the Grenadines. Both of these places are notorious as license-free zones for brokers and are places people try to get away with their financial shenanigans. It’s not worth taking the risk. 

We Found Problems with Mayor Mining FX: 

  • No license
  • Risky, offshore broker
  • Guaranteed returns
  • Warning on site
  • Negative reviews
  • No transparency. 

 

What You Should Do If You Have an Account with Mayor Mining FX? 

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!


Best Website For Identifying Scam Crypto Brokers.

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broker_reviews_manually

Scam Broker May Capital Group

Want to Trade with May Capital Group? Read This First!

May Capital Group is a generic sounding–even dull name. However, you don’t want this broker to take you on an adventure. It didn’t take long for us to find an SEC court ruling that May Capital Group and its founder Melvin Rokeach were disqualified from any kind of license because of former felonies. Rokeach has misrepresented the nature of his legal trouble and is barred from receiving an SEC license. If this isn’t enough to keep people away, we don’t know what is. 

Is May Capital Group a Scam or Legitimate? 

Is there really another reason to avoid this broker? After a disqualification from the SEC, there shouldn’t be any reason to consider trading with May Capital Group. Maybe you saw this broker mentioned in a traditional financial publication. It could be a broker with a similar name. Be very careful with any financial service with a similar-sounding name. These scams have a way of creeping back up in other places. 

We Found Problems with May Capital Group:

  • Disqualified by SEC
  • Owners involved in a felony
  • Negative reviews
  • No transparency. 
  • No contact information

What You Should Do If You Have an Account with May Capital Group? 

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!


Best Website For Identifying Scam Crypto Brokers.

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File A Complaint
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Scam Broker Legitimatebitrade

Want to Trade with Legitimatebitrade? Read This First!

This name makes us giggle a little bit. If a broker is truly legitimate, they don’t need to put the word “legitimate” in their name. They simply need to show a license. According to the SEC, this broker has no license to show. That’s not a vote of confidence. We found many other problems with this broker which indicates it’s not safe to trade with. 

Is Legitimatebitrade a Scam or Legitimate? 

Like many other brokers, they don’t really give us real identities behind this operation. They just give us cliches and fluff on their website. Legitimatebitrade guarantees returns which is never okay. They even encourage their clients to go into debt and trade on the margin. When consulting the Q&A’s, to answer the question, “What can I withdraw my money in?” the answer is “Any payment method: bitcoin” that’s like saying–you can have anything you like to drink–water!” This is not the kind of broker we can recommend trading with. 

We Found Problems with Legitimatebitrade: 

  • Not regulated
  • SEC warning
  • Guaranteed returns
  • Encourages trading on the margin (going into debt to trade)
  • Negative reviews
  • No transparency. 
  • No contact information

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

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!


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !

File A Complaint
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broker_reviews_manually

Scam Broker HostFX Inc

Want to Trade with HostFX Inc? Read This First!

HostFX Inc. is a broker that seems to offer basic trading services. However, its web content is skimpy. Presumably, it doesn’t have much to say. HostFX Inc certainly doesn’t have any licenses to boast of. That’s what the SEC says–the regulator has flagged HostFX Inc. for offering trading without a license. This is a big deal. Although many brokers don’t have a license that, doesn’t make it safe. However, we found something even worse about HostFX. 

Is HostFX Inc a Scam or Legitimate? 

HostFX apparently is operating under an additional address. It’s pretending to be from the UK. Does it have a license from the FCA? Does it care? Most likely not. It simply has spun itself into another entity and it’s already getting complaints for not letting customers access their accounts. Presumably, they think the solution when they get flagged by the SEC is to immediately pretend to be located in the United Kingdom. That can’t work on people doing their homework. 

We Found Problems with HostFX Inc: 

  • Not regulated
  • SEC warning
  • Opened a British site without an FCA license
  • Negative reviews
  • No transparency. 
  • No contact information

What You Should Do If You Have an Account with HostFX Inc? 

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!


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !

File A Complaint
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broker_reviews_manually

Scam Broker HorizonFXPro

Want to Trade with HorizonFXPro? Read This First!

HorizonFXPro has plenty of things wrong with it. We have a whole list. For one thing, it trades without a license. It’s been flagged by major regulators CNMV and CONSOB. This broker likes to put people to trade risky investments like forex and cryptocurrency. Yet it doesn’t offer a high-level trading platform like MetaTrader. Instead, it offers just the web-based WebTrader, which can be easily manipulated by the broker. 

Is HorizonFXPro a Scam or Legitimate? 

HorizonFXPro offers dangerous leverage at 1:1,000. It also guarantees returns. All of these are major red flags, but there are even more. We get little information about who runs the platform. They claim to have offices in Buenos Aires and London, but it certainly doesn’t have licenses from these places. We don’t see that it has an FCA license, for instance, which brokers need a certain level of legitimacy to get. This broker is riddled with problems. It isn’t worth the risk. 

We Found Problems with HorizonFXPro: 

  • Not regulated
  • CONSOB and CNMV warnings
  • No transparency
  • High leverage
  • Poor web platform
  • Negative reviews

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

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!


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !

File A Complaint
Categories
broker_reviews_manually

Scam Broker GoSwings

Want to Trade with GoSwings? Read This First!

GoSwings claims to have a broker’s license from CySEC of Cyprus. Like many legitimate brokers, it warns clients about the dangers of CFD trading. Then it does something strange. On the homepage, it says, since CFDs are so risky, why not leave it up to us with copy trading? It doesn’t take much dissecting to realize this makes no sense. A copy trade is just as likely to lose people money as a direct trade. It’s still based on the volatile movement of the market. 

Is GoSwings a Scam or Legitimate? 

While we are busy pondering this, it’s worth checking out GoSwing’s license. When we look at the licensing page, we see it’s a license to run a company, not a brokerage license. In addition, the SEC has flagged GoSwings for trading with a fake license. The dangerously high leverage and the thousands required to open an account shouldn’t fool us. The cherry on top was the fake awards GoSwings claimed they won. 

We Found Problems with GoSwings: 

  • False statements about CySEC license
  • SEC warning
  • Misleading statements
  • No transparency
  • High leverage
  • Negative reviews

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

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!


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !

File A Complaint
Categories
broker_reviews_manually

Scam Broker Global Merger Arbitrage Partners

Want to Trade with Global Merger Arbitrage Partners? Read This First!

Global Merger Arbitrage Partners looks like a very official, buttoned-up operation. It even says it’s been in business since 1993. It’s strange, then, that the SEC says this firm has no license. Mergers and Acquisitions are serious and not just anyone can handle them. We don’t know what kind of people–or companies–this false firm is trying to fool, but they certainly don’t have a license. They also need a makeover for their website. 

Is Global Merger Arbitrage Partners a Scam or Legitimate? 

Poor website formatting may not seem like the end of the world. It doesn’t seem to rise to the level of fraud. However, poor alignment, bad fonts, and mistakes in spelling and grammar can indicate a deeper problem and fundamental neglect of professionalism. We weren’t surprised when we saw the SEC warning after taking just one look at Global Merger Arbitrage Partners’ website. Stay away from companies like this. 

We Found Problems with Global Merger Arbitrage Partners: 

  • Not regulated
  • SEC warning
  • No transparency
  • Poor web content–unprofessional
  • Negative reviews

What You Should Do If You Have an Account with  Global Merger Arbitrage Partners? 

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!


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !

File A Complaint
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