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Day: May 22, 2023

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broker_reviews_manually

Scam Broker AmtoFX

Is AmtoFX the Real Deal or a Scam Broker?

Are you curious to find out if AmtoFX is a legitimate broker or possibly a scam? Let’s dive into it. AmtoFX is an unregulated broker that provides limited information about itself and its owners. Although AmtoFX claims to be registered in Hong Kong, it’s important to note that registration does not guarantee regulatory oversight as having a business license is different from having a brokerage license. The broker relies on customers not being aware of this distinction or not considering it important. Upon visiting the NFA’s website, we found no evidence of AmtoFX being licensed.

Something’s Up with AmtoFX

So, what’s the deal with AmtoFX? One concerning aspect is its high leverage, which can expose traders to significant risks. High leverage encourages individuals to trade on margin, essentially putting them in debt to the broker. Consequently, this can hinder customers from withdrawing their funds. Moreover, numerous customers have reported difficulties in withdrawing money from AmtoFX. Considering AmtoFX’s lack of a license or any indications of being a legitimate broker, it is reasonable to lend credence to these complaints.

Here Are Some Problems with AmtoFX

  • No license

  • No transparency
  • Misleading statements
  • Numerous customer complaints

If You Need Fund Recovery from AmtoFX, Talk to Us

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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broker_reviews_manually

Scam Broker BTGGWEB

Is BTGGWEB the Real Deal or a Scam Broker?

Are you curious to find out if BTGGWEB is a trustworthy broker or a potential scam? Well, let’s take a closer look. BTGGWEB is a broker that provides very limited information about itself. The website primarily displays trading statistics without disclosing details about its owners or any licensing information. This lack of transparency means that customers who use the BTGGWEB platform have no protection in case something goes wrong. When a broker operates without a license or fails to provide information about its trading services, it raises red flags that suggest the possibility of a scam.

Something’s Up with BTGGWEB

So, what’s the deal with BTGGWEB? It falls into the category of brokers, numbering in the hundreds or even thousands, that operate without licenses. They entice clients with enticing offers and promise quick returns, targeting individuals who may not thoroughly research brokers before opening an account. However, things are not as simple as they appear. In fact, the trading platform they provide may be fraudulent, and these brokers may have no intention of allowing customers to withdraw their funds. While we cannot be entirely certain if BTGGWEB engages in such practices, we have come across numerous customer complaints about this broker.

Here Are Some Problems with BTGGWEB

  • No license

  • No transparency
  • Misleading statements
  • Numerous customer complaints

If You Need Fund Recovery from BTGGWEB, Talk to Us

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 Safe Currency

Is Safe Currency the Real Deal or a Scam Broker?

Safe Currency is a misleading name for a broker that lacks regulation, which raises concerns about its safety. When we searched for Safe Currency, we were redirected to a website called Moniv.io. They claim to be based in Lithuania, but there is no evidence of them holding a license. The website itself appears unprofessional and poorly designed, despite the broker’s claim of “striving for perfection.” It seems that Safe Currency has a long way to go in terms of establishing credibility.

Something’s Up with Safe Currency

So, what’s the issue with Safe Currency? The fact that they lack a license is worrisome. Without proper regulation, the broker operates without any oversight, allowing them to act in any manner they please. While the website lacks substantial content, there is a lengthy section devoted to legal terms and conditions, which seems to primarily benefit the broker rather than the clients. Overall, there is little on the website to instill confidence in potential customers.

Here Are Some Problems with Safe Currency

  • No license

  • No transparency
  • Misleading statements
  • Numerous customer complaints

If You Need Fund Recovery from Safe Currency, Talk to Us

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 JPY500

Is JPY500 the Real Deal or a Scam Broker?

JPY500 is a broker that attempts to present itself as trustworthy, but it lacks a license and has been flagged by the FCA, the primary regulatory body in the United Kingdom. While it claims to provide a wide variety of trading products, its web platform is unimpressive and it imposes a high minimum fee. One clear indication that JPY500 is not legitimate is its practice of enticing people with seemingly generous bonuses.

Something’s Up with JPY500

But what’s wrong with bonuses? Aren’t bonuses a positive thing? While they may seem enticing, they serve as bait to attract unsuspecting individuals. Unregulated brokers offer bonuses with hidden costs. When customers receive bonuses, they are often restricted from withdrawing their funds until they engage in a certain amount of trading. Frequently, this requires an excessive level of trading activity that most customers are unable to achieve. Instead of being beneficial, these bonuses actually serve as a means of depriving customers of their hard-earned money.

Here Are Some Problems with JPY500

  • No license

  • Flagged by the FCA
  • No transparency
  • Misleading statements
  • Numerous customer complaints

If You Need Fund Recovery from JPY500, Talk to Us

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 Portfolio Insider

Is Portfolio Insider the Real Deal or a Scam Broker?

Portfolio Insider is a broker that tends to boast about itself. On its home page, Portfolio Insider claims to offer “the world’s most valuable financial data.” It’s important to be skeptical of any company or broker that makes such grand claims, except perhaps for Amazon, which can rightfully claim to be the world’s most popular ecommerce site. As expected, Portfolio Insider has left many customers disappointed, especially due to its failure to provide refunds as promised.

Something’s Up with Portfolio Insider

Portfolio Insider promotes a refund policy that seems quite generous. In fact, its emails almost challenge customers to request refunds. However, we have come across numerous complaints on the Better Business Bureau where customers report having their funds trapped by Portfolio Insider. This is a complete contradiction to what Portfolio Insider guarantees its clients. It is essential to exercise caution when dealing with brokers or merchants who make extravagant promises, especially if they lack the necessary licenses to support their services and claims.

Here Are Some Problems with Portfolio Insider

  • No license

  • No transparency
  • Misleading statements
  • Numerous customer complaints

If You Need Fund Recovery from Portfolio Insider, Talk to Us

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 Simplii Cryptos

Is Simplii Cryptos the Real Deal or a Scam Broker?

It is highly likely that Simplii Cryptos is a scam, although we must clarify that Simplii Financial is a legitimate company. It appears that Simplii Cryptos is an imitation of a genuine financial firm. Scam brokers often choose names that closely resemble real financial organizations to deceive people into thinking they are trustworthy. However, a quick examination of Simplii Cryptos reveals that it is not a reputable broker. There are spelling mistakes in the headlines, the trading platform is mediocre, and the terms and conditions are absurd.

Something’s Up with Simplii Cryptos

Several fraudulent brokers manipulate their legal and terms and conditions pages to discourage customers from lodging complaints. The legal page of Simplii Cryptos is extremely poorly written, which raises concerns. Additionally, the broker asserts its authority to close accounts due to suspicious activity. However, it remains unclear how the broker defines “suspicious.” We have received numerous complaints from individuals who lost access to their accounts for trivial reasons.

Here Are Some Problems with Simplii Cryptos

  • No license

  • No transparency
  • Misleading statements
  • Strange terms and conditions
  • Numerous customer complaints

If You Need Fund Recovery from Simplii Cryptos, Talk to Us

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 TradeProfitWeb

Is TradeProfitWeb the Real Deal or a Scam Broker?

The website TradeProfitWeb has a poor trust rating. This often occurs when brokers receive negative reviews and have questionable licenses. TradeProfitWeb states that it operates from the United Kingdom, which would require it to possess an FCA license. However, there is no evidence of TradeProfitWeb holding any licenses, and numerous customers have lodged complaints against them. Therefore, it is advisable for customers to exercise caution and be wary of TradeProfitWeb.

Something’s Up with TradeProfitWeb

Even a good broker can receive negative reviews, especially on websites where reviewers are not required to prove they are actual customers. However, the large number of negative reviews, coupled with the absence of a license for TradeProfitWeb, leads us to believe that there may be some truth behind them. It is not advisable to open an account with an unregulated broker, particularly one that provides limited information about its ownership. Considering all the other warning signs, we are inclined to give credence to the negative reviews.

Here Are Some Problems with TradeProfitWeb

  • No license

  • No transparency
  • Misleading statements
  • Numerous customer complaints

If You Need Fund Recovery from TradeProfitWeb, Talk to Us

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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