Apsocialfinance Alert


On May 15th, 2024, Cryptocointrace received notice about a potential scam through its CRM. Warning signs abound when considering Apsocialfinance.com for forex trading. First, a complete lack of transparency regarding their regulatory status and licensing raises serious doubts about their legitimacy. Reputable brokers operate under the oversight of financial authorities, providing crucial investor protection. Reviews also cast a shadow, suggesting Apsocialfinance.com may lack a physical address and a clear company history. Their website is very unclear and does not outline services, or fees like reputable brokers do.  

Given these red flags, it’s wise to look elsewhere. Seek out established forex brokers with a strong regulatory framework. 

If you suspect you have been scammed by this broker, gather all the evidence you can to support your claim. This includes all communication records, bank statements showing deposits or withdrawals, and any material you received from the broker. File a report with your local law enforcement agency and report to the relevant regulatory agencies such as the Securities and Exchange Commission (SEC) in the US and the Financial Conduct Authority (FCA) in the UK.

File a complaint with Cryptocointrace to further pursue the broker and assist you in the process of fund recovery.