Warning Investors GBI Capital Group

This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee

Introduction To GBI Capital Group:

GBI Capital Group is a brokerage firm that claims to offer trading services in various financial markets, such as forex, stocks, commodities, indices, and cryptocurrencies. According to its website, it has offices in London, New York, Hong Kong, and Dubai, and provides access to over 200 trading instruments, advanced trading platforms, competitive spreads, and professional customer support.

Regulation and Compliance Of GBI Capital Group:

However, there is no evidence that GBI Capital Group is regulated or authorized by any reputable financial authority, such as the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, or the Securities and Exchange Commission (SEC) in the US. In fact, ASIC has recently issued a warning against GBI Capital Group, stating that This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee. ASIC also advises investors to check its list of unlicensed companies before dealing with any broker.

Customer Support Offered By GBI Capital Group:

GBI Capital Group claims to offer 24/7 customer support via phone, email, and live chat. However, many online reviews suggest that the firm is unresponsive and unreliable when it comes to resolving issues or processing withdrawal requests. Some customers have reported that they have been pressured to deposit more money or to pay fees before they can withdraw their funds. Others have complained that they have been unable to contact the firm at all after making a deposit.

Customer Reviews Of GBI Capital Group:

The majority of customer reviews of GBI Capital Group are negative and warn others to stay away from this broker. Many customers have accused the firm of being a scam and of stealing their money. Some have also claimed that they have been misled by false or misleading information on the website or by the sales representatives. A few positive reviews can be found online, but they seem to be fake or paid for by the firm itself.

Measures to Avoid Fraud Brokerages:

To avoid falling victim to fraud brokerages like GBI Capital Group, investors should always do their due diligence before choosing a broker. They should verify the broker’s regulatory status, reputation, trading conditions, and customer service. They should also read the terms and conditions carefully and understand the risks involved in trading. Moreover, they should never invest more than they can afford to lose and avoid any offers that sound too good to be true.

Conclusion:

GBI Capital Group is a brokerage firm that claims to offer trading services in various financial markets, but it is not regulated or authorized by any reputable financial authority. ASIC has warned against dealing with this firm and has advised investors to check its list of unlicensed companies. Many customer reviews have also confirmed that GBI Capital Group is a scam and has cheated many people out of their money. Therefore, investors should steer clear of this broker and look for other trustworthy and regulated options.

Warning Investors Phoenixcpartners.com

This entity is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee

Introduction To Phoenixcpartners.com:

Phoenixcpartners.com is a website that claims to provide online trading services for various financial instruments, such as forex, stocks, commodities, and cryptocurrencies. The website states that it is operated by Phoenix Capital Partners Ltd, a company registered in St. Vincent and the Grenadines. The website also claims to offer various features and benefits to its clients, such as low spreads, high leverage, fast execution, multiple payment methods, educational resources, and trading tools.

Regulation and Compliance Of Phoenixcpartners.com:

However, the Australian Securities and Investments Commission (ASIC) has issued a warning that phoenixcpartners.com is likely to be offering financial services to Australian consumers. It does not hold an Australian financial services licence or Australian credit licence from ASIC, and is not authorised by a licensee. According to ASIC, phoenixcpartners.com is not licensed or authorised to provide financial services in Australia. ASIC also states that phoenixcpartners.com may be involved in a scam or fraud. ASIC advises investors to avoid dealing with phoenixcpartners.com and to report any suspicious activity to ASIC.

Customer Support Offered By Phoenixcpartners.com:

The website of phoenixcpartners.com provides a contact form, an email address, and a phone number for customer support. However, according to some customer reviews, the customer support of phoenixcpartners.com is either unresponsive or rude. Some customers have reported that they have been unable to withdraw their funds from the website or that they have been pressured to deposit more money. Some customers have also complained that the website has changed its terms and conditions without notice or that it has manipulated the prices or trades.

Customer Reviews Of Phoenixcpartners.com:

The customer reviews of phoenixcpartners.com are mostly negative and indicate that the website is a scam or fraud. Many customers have shared their experiences of losing money or being scammed by phoenixcpartners.com on various online platforms, such as Trustpilot, Forex Peace Army, Scamwatcher.org, and Scamadviser.com. The common themes of these reviews are that phoenixcpartners.com is not regulated or licensed, that it does not honour its promises or obligations, that it does not allow withdrawals or refunds, that it uses aggressive or deceptive marketing tactics, and that it does not provide adequate customer support.

Measures To Avoid Fraud Brokerages:

To avoid fraud brokerages like phoenixcpartners.com, investors should always do their due diligence before investing in any online trading platform. Some of the measures that investors can take are:

– Check the regulation and licensing status of the platform with the relevant authorities in your jurisdiction.

– Verify the identity and address of the company behind the platform.

– Read the terms and conditions carefully and understand the risks involved.

– Avoid platforms that offer unrealistic returns or guarantees.

– Avoid platforms that ask for personal or financial information via email or phone.

– Avoid platforms that pressure you to deposit more money or to act quickly.

– Use secure payment methods and keep records of your transactions.

– Report any suspicious or fraudulent activity to the authorities.

Conclusion:

Phoenixcpartners.com is a website that claims to offer online trading services for various financial instruments. However, ASIC has warned that phoenixcpartners.com is not licensed or authorised to provide financial services in Australia and that it may be involved in a scam or fraud. Investors should avoid dealing with phoenixcpartners.com and report any suspicious activity to ASIC. Investors should also take measures to avoid fraud brokerages like phoenixcpartners.com by doing their due diligence before investing in any online trading platform.

Warning Investors BeGlobalFund – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction To BeGlobalFund:

BeGlobalFund is a website that presents itself as a leading online trading platform, with access to over 250 markets and a variety of trading tools and features. The website claims that BeGlobalFund is operated by Be Global Limited, a company registered in St. Vincent and the Grenadines and that it is regulated by the Financial Services Authority (FSA) of that country. However, there is no evidence that BeGlobalFund is actually authorized or supervised by the FSA, or that it has any physical presence or business operations in St. Vincent and the Grenadines.

Regulation and Compliance Of BeGlobalFund:

According to the ASC, BeGlobalFund is not registered to trade in, or advise on, securities or derivatives in Alberta. This means that BeGlobalFund is operating illegally and without any oversight or protection for investors. The ASC also warns that BeGlobalFund may be engaging in high-pressure sales tactics, false or misleading statements, and other signs of investment fraud. The ASC advises Albertans to exercise extreme caution when dealing with BeGlobalFund or any other unregistered online trading platform.

Customer Support Offered By BeGlobalFund:

The website of BeGlobalFund provides a phone number, an email address, and a live chat option for customer support. However, these channels may not be reliable or responsive, as many online reviews indicate that BeGlobalFund’s customer service is poor or nonexistent. Some customers complain that they have been unable to withdraw their funds, that they have been charged hidden fees or commissions, or that they have been pressured to deposit more money or upgrade their accounts. Others claim that they have been scammed or defrauded by BeGlobalFund’s agents or brokers.

Customer Reviews Of BeGlobalFund:

The majority of the customer reviews of BeGlobalFund that can be found online are negative or warning. Many customers report that they have lost money or been cheated by BeGlobalFund and that they regret trusting this platform. Some customers also allege that BeGlobalFund has paid for fake positive reviews or testimonials on some websites or social media platforms, in order to lure more victims. There are very few genuine positive reviews of BeGlobalFund, and most of them are vague or lack details.

Measures To Avoid Fraud Brokerages Like BeGlobalFund:

The ASC recommends that investors take the following steps to protect themselves from fraud brokerages like BeGlobalFund:

– Check the registration status and disciplinary history of any person or company offering an investment opportunity, using the National Registration Search tool.

– Do your own research and due diligence before investing your money, and do not rely on unsolicited offers or promises of high returns with low risk.

– Beware of red flags such as pressure to act quickly, requests for personal or financial information, guarantees of performance, or difficulty in withdrawing your funds.

– Report any suspicious or fraudulent activity to local authorities and regulators

Conclusion:

BeGlobalFund is a platform that claims to offer online trading services for various financial instruments, but it is not registered or regulated in Alberta, and it may be involved in fraudulent activities. The ASC has issued a warning about this platform and advises Albertans to exercise extreme caution when dealing with it. Investors should also take measures to avoid fraud brokerages like BeGlobalFund, by checking the registration status, doing their own research, being aware of red flags, and reporting any suspicious or fraudulent activity.

Warning Investors Sadex Group – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction To Sadex Group:

Sadex Group is a website that claims to be a brokerage firm that provides trading services in various securities and derivatives, such as stocks, bonds, options, futures, and forex. The website also claims to offer customer support, education, and market analysis. However, there is no information about the location, registration, or regulation of Sadex Group on its website or elsewhere. This raises serious questions about the legitimacy and credibility of the firm.

Regulation and Compliance Of Sadex Group:

One of the most important factors to consider when choosing a brokerage firm is its registration and regulation status. This ensures that they are authorized and supervised by the relevant authorities and that they follow the rules and standards of the industry. However, according to the ASC, Sadex Group is not registered to trade in or advise on securities or derivatives in Alberta. This means that they are operating illegally and without any oversight or accountability. The ASC also warns that Sadex Group may be involved in a scam or fraud. The ASC advises investors to exercise caution when dealing with unregistered entities and to check the registration status of any firm or individual before investing.

Customer Support Offered By Sadex Group:

Another factor to consider when choosing a brokerage firm is their customer support. This ensures that you can get help and assistance whenever you need it and that you can resolve any issues or problems that may arise. However, the website of Sadex Group claims to offer 24/7 customer support via phone, email, and live chat. However, there is no evidence that these channels are functional or responsive. Moreover, there are no customer reviews or testimonials about the quality of service or support provided by Sadex Group. This suggests that they are either unprofessional or non-existent.

Customer Reviews Of Sadex Group:

One of the best ways to evaluate a brokerage firm is to look at their customer reviews and feedback. This gives you an insight into their performance, reputation, and satisfaction level. However, there are no customer reviews or feedback about Sadex Group on its website or any other platform. This raises doubts about the credibility and legitimacy of the firm. Furthermore, there are no social media accounts or profiles associated with Sadex Group, which suggests a lack of transparency and communication.

Measures to Avoid Fraud Brokerages:

Unfortunately, many unregistered and fraudulent brokerages prey on unsuspecting investors and scam them out of their money. The ASC recommends investors take the following measures to avoid fraud brokerages:

– Check the registration status of any firm or individual before investing.

– Do your research and verify the information provided by the firm or individual.

– Be wary of unsolicited offers or promises of high returns with low risk.

– Avoid sending money or personal information to unknown or unverified entities.

– Report any suspicious or fraudulent activity to the ASC or other authorities.

Conclusion:

Sadex Group is a brokerage firm that claims to offer trading services in securities and derivatives. However, the ASC has issued a warning about the registration, regulation, and compliance of Sadex Group. Investors should exercise caution when dealing with unregistered and fraudulent brokerages and follow the measures suggested by the ASC to avoid scams or frauds. We hope this blog post has been informative and helpful for you.

Warning Investors OneFxGroup – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction To OneFxGroup:

OneFxGroup is an online trading platform that offers forex and CFD trading on indices, commodities, stocks, cryptocurrencies, and more. The broker claims to have offices in the UK, Australia, Canada, and Hong Kong, and to provide access to over 200 trading instruments, competitive spreads, fast execution, and various account types. However, there is little information about the company behind OneFxGroup, its ownership, history, or reputation. The broker also does not disclose any details about its trading conditions, fees, commissions, leverage, or platforms.

Regulation and Compliance Of OneFxGroup:

One of the most important factors to consider when choosing a broker is its regulation and compliance status. A regulated broker is subject to oversight and supervision by a reputable authority that ensures the broker follows the rules and standards of the industry. A compliant broker also provides protection and security for its clients’ funds and data, as well as recourse and compensation in case of disputes or issues. Unfortunately, OneFxGroup is not a regulated or compliant broker. Several regulators have issued warnings against this broker for operating without proper authorization and registration. These regulators include:

– The Autorité des marchés financiers (AMF) of France, warned that OneFxGroup is not authorized to provide investment services or activities in France or from France.

– The Australian Securities and Investments Commission (ASIC), warned that OneFxGroup is not licensed or registered to offer financial services in Australia.

– The British Columbia Securities Commission (BCSC) of Canada, which warned that OneFxGroup is not registered to trade in, or advise on, securities or derivatives in British Columbia.

These warnings indicate that OneFxGroup is a potential scam broker that may be involved in fraudulent or illegal activities. Trading with such a broker exposes traders to a high risk of losing their money or becoming victims of identity theft.

Customer Support Offered By OneFxGroup:

Another factor to consider when choosing a broker is its customer support quality. A good broker should provide responsive, helpful, and professional support to its clients through various channels and languages. However, OneFxGroup does not seem to offer any customer support at all. The broker does not provide any contact information on its website, such as phone number, email address, live chat, or social media. The only way to reach the broker is through a web form that requires personal details and a message. There is no guarantee that the broker will reply or address any queries or complaints from its clients.

Customer Reviews Of OneFxGroup:

A third factor to consider when choosing a broker is its customer reviews. A reputable broker should have positive feedback from its clients who are satisfied with its services and performance. However, OneFxGroup does not have any customer reviews on its website or any other online platforms. This suggests that the broker either has no clients at all or has deleted or censored any negative reviews from its clients. The lack of customer reviews also makes it difficult to verify the claims and promises made by the broker on its website.

Measures To Avoid Fraud Brokerages:

Given the red flags and warnings associated with OneFxGroup, traders should avoid this broker and look for a better alternative. Here are some measures to avoid fraud brokerages:

– Check the regulation and compliance status of the broker before signing up or depositing any money. Look for brokers that are regulated by reputable authorities such as the FCA (UK), CySEC (Cyprus), ASIC (Australia), or NFA (US).

– Check the customer support quality of the broker before opening an account or trading with them. Look for brokers that provide multiple contact options and languages, as well as prompt and courteous responses.

– Check the customer reviews of the broker before trusting them with your money or personal information. Look for brokers that have positive feedback from their clients on various online platforms such as Trustpilot, Forex Peace Army, or Myfxbook.

– Check the trading conditions and features of the broker before choosing them as your partner. Look for brokers that offer transparent and competitive trading terms such as spreads, fees, commissions, leverage, platforms, instruments, etc.

Conclusion:

OneFxGroup is a forex and CFD broker that claims to offer trading services in various markets. However, several regulators have issued warnings against this broker for operating without proper authorization and registration. The broker also does not provide any customer support or reviews on its website or elsewhere. Trading with this broker exposes traders to a high risk of losing their money or becoming victims of identity theft. Therefore, we recommend that traders avoid OneFxGroup and look for a reliable and regulated broker that can provide them with a safe and secure trading environment.

Warning Investors TLC Investments

Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction To TLC Investments:

TLC Investments is a website that claims to be a leading online trading platform that provides access to global markets, including forex, stocks, commodities, indices, and cryptocurrencies. The website also claims to offer various account types, trading tools, educational resources, and customer support. However, TLC Investments is not registered with the ASC or any other securities regulator in Canada.

Regulation and Compliance Of TLC Investments:

According to the ASC, TLC Investments is not authorized to engage in the business of trading in securities or derivatives in Alberta or elsewhere in Canada. The ASC warns that TLC Investments may be operating illegally or fraudulently and that investors should exercise extreme caution when dealing with unregistered entities. The ASC also advises investors to check the registration status of any person or company offering an investment opportunity using the Canadian Securities Administrators’ National Registration Search tool.

Customer Support Offered By TLC Investments:

The website of TLC Investments provides a phone number, an email address, and a live chat option for contacting their customer support team. However, these contact methods may not be reliable or trustworthy, as they could be used to solicit personal or financial information from unsuspecting investors. Moreover, the customer support team may not be able to resolve any issues or complaints that may arise from using the services of TLC Investments.

Customer Reviews Of TLC Investments:

There are few online reviews of TLC Investments available on the internet, and most of them are negative or suspicious. Some reviewers claim that they have lost money or been scammed by TLC Investments, while others warn potential investors to stay away from this brokerage. Some of the common complaints include difficulty in withdrawing funds, hidden fees and charges, aggressive sales tactics, false promises, and misleading information.

Measures to Avoid Fraud Brokerages Like TLC Investments:

The ASC recommends that investors take the following steps to protect themselves from fraud brokerages like TLC Investments:

– Do your research before investing. Check the registration, background, and reputation of any person or company offering an investment opportunity. Verify the information provided by the brokerage using independent sources.

– Be wary of unsolicited offers or high-pressure sales tactics. Do not let anyone pressure you into making a quick decision or investing more than you can afford to lose. Be skeptical of any claims that sound too good to be true, such as guaranteed returns, low risk, or no fees.

– Understand the risks and costs involved. Read and understand the terms and conditions of any contract or agreement before signing it. Ask questions and seek professional advice if you have any doubts or concerns. Know how much you are paying in fees and commissions, and how they affect your returns.

– Keep records of your transactions and communications. Keep copies of any documents, receipts, confirmations, statements, or emails related to your investment. Monitor your account activity regularly and report any discrepancies or problems immediately.

– Report any suspected fraud or misconduct. If you suspect that you have been a victim of fraud or misconduct by a brokerage or an individual, contact the ASC or your local securities regulator as soon as possible. You can also file a complaint online using the CSA Complaints Portal.

Conclusion:

TLC Investments is a brokerage firm that claims to offer trading services in securities and derivatives. However, the ASC has issued a warning regarding the registration, regulation, and compliance of TLC Investments. Investors should exercise extreme caution when dealing with unregistered and fraudulent brokerages like TLC Investments, as they may pose significant risks to their money and personal information. Investors should also follow the measures suggested by the ASC to avoid fraud brokerages and protect themselves from potential losses.