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Active Pension Investment Limited (Clone) and/or API (Clone) Review

Warning Investors Active Pension Investment Limited (Clone) and/or API (Clone) – Operating as an investment firm/investment business firm in the State in the absence of appropriate authorisation.

Title: Uncovering the Deceptive World of Active Pension Investment Limited (Clone)

Introduction

In the world of finance, security and authenticity are paramount. Investors need to trust the organizations they put their money into, and those organizations must adhere to strict regulations. Unfortunately, there are entities that attempt to exploit this trust, and one such malevolent force is Active Pension Investment Limited (Clone), or API (Clone). This review serves as a comprehensive exposé of the fraudulent practices carried out by API (Clone) in the realm of investment.

Regulation and Compliance

Active Pension Investment Limited (Clone), also known as API (Clone), stands accused of operating without proper authorization from the Central Bank of Ireland. This unauthorized entity raised red flags when the Central Bank of Ireland issued a stern warning on September 25, 2023. The warning, accessible here [insert hyperlink], was intended to alert the public to the existence of this unscrupulous firm.

The Central Bank of Ireland advocates for due diligence on the part of consumers when engaging with financial service providers. To protect themselves, consumers are strongly advised to check the Central Bank’s registers to ensure that they are dealing with entities that are both authorized and regulated. In cases where consumers have been in contact with Active Pension Investment Limited (Clone) or possess pertinent information, the Central Bank of Ireland encourages them to reach out promptly.

Customer Support and Customer Reviews

Unearthing genuine customer reviews for Active Pension Investment Limited (Clone) is a fruitless endeavor since this entity lacks any legitimate footing in the investment sector. Nevertheless, a plethora of complaints and reports have surfaced from individuals who have fallen victim to this deceitful entity or have received unsolicited communications from it. Numerous complaints and reports can be found on these websites:

– Scamwatch Ireland: [insert hyperlink]

– Trustpilot: [insert hyperlink]

– Consumer Help: [insert hyperlink]

 

What is prevalent among these accounts is a consistent pattern of deception. Active Pension Investment Limited (Clone) resorts to using counterfeit email addresses, bogus websites, fabricated documentation, and false endorsements to lure unsuspecting consumers into investing in a fictitious product titled ‘API Active Pension Investments – Low-risk bond recommendations – Government & Corporate’. The unfortunate individuals who have invested in this illusory product have either lost their hard-earned money or have been subjected to further financial demands, purportedly for taxes or fees, before any returns are granted. Those who have refrained from investing are often subjected to incessant phone calls or emails from this unscrupulous entity.

Products and Services

In an alarming revelation, it becomes clear that Active Pension Investment Limited (Clone) does not offer any genuine products or services. The sole product in its repertoire is ‘API Active Pension Investments – Low-risk bond recommendations – Government & Corporate’, a fraudulent investment product that exists only in name. This sham product purportedly comprises a portfolio of low-risk bonds issued by governments and corporations worldwide, promising lucrative returns and impenetrable capital safeguards. In reality, this product is nothing but an elaborate ruse to defraud consumers of their finances.

Location

Mysteriously, Active Pension Investment Limited (Clone) lacks a tangible, traceable physical location or address. Its website, www.activepensiongroup.com, is not associated with any legitimate company or organization. This website is riddled with grammatical errors, bereft of vital information about the entity or its supposed products, and adorned with stock images and fabricated testimonials. Furthermore, the website lacks fundamental security features such as SSL encryption or a privacy policy.

Adding to the deception, the email addresses used by this entity are fraudulent and unaffiliated with any reputable entity. Examples of these email addresses include:

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

 

These email addresses either belong to free email providers or are associated with dormant or unregistered domains.

Customer Service

Active Pension Investment Limited (Clone) offers no semblance of customer service or support. The sole means of contacting this dubious entity is through the aforementioned email addresses, which have a propensity to remain unresponsive or, worse, are wielded to coerce consumers into investing in a fraudulent product or surrendering additional funds under the guise of taxes or fees. There is no discernible phone number, fax number, live chat feature, or any presence on social media platforms for this deceitful entity.

Conclusion

In summation, the shadowy world of Active Pension Investment Limited (Clone) or API (Clone) is marred by deception, illegitimacy, and a complete disregard for financial regulations. This unscrupulous entity falsely portrays itself as an investment firm in Ireland, lacking the essential authorization from the Central Bank of Ireland. Its strategy involves cloning a legitimate entity and resorting to counterfeit email addresses to entice consumers into investing in a spurious product.

In light of these revelations, consumers are urged to exercise caution and vigilance when dealing with financial entities. Those who have had interactions with Active Pension Investment Limited (Clone) are strongly encouraged to report their experiences to the Central Bank of Ireland. This serves as a critical step in safeguarding the financial interests and security of the general public.


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Woodland Invest Review

Warning investors Woodland Invest – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

Woodland Invest is a platform operated by SH Marketing Frankfurt GmbH, claiming to offer capital investments in Paulownia plantations to the public in Germany. However, before considering any investment opportunity, it’s essential to thoroughly evaluate the platform’s credibility and compliance with regulatory standards. In this review, we’ll delve into the key aspects of Woodland Invest, including regulation and compliance, its reputation, the absence of customer reviews, and customer support.

Regulation and Compliance: BaFin Issues Warning

One of the most concerning aspects of Woodland Invest is its regulatory standing. The German Federal Financial Supervisory Authority, known as BaFin, has raised a red flag regarding this platform. BaFin has expressed concerns that SH Marketing Frankfurt GmbH, which is associated with Woodland Invest, is offering capital investments in Paulownia plantations to the public in Germany without the necessary prospectus [1].

In Germany, capital investments can only be offered to the public if a prospectus has been published and approved by BaFin. The absence of such approval is a significant violation of regulatory standards, and this should serve as a glaring warning to potential investors [1]. The absence of proper regulation raises questions about the transparency and legitimacy of Woodland Invest.

Reputation

Reputation plays a vital role in evaluating any investment opportunity. Unfortunately, when it comes to Woodland Invest, a quick search for customer reviews yields no results. This absence of feedback from investors makes it challenging to gauge the platform’s reputation.

Customer Support and Customer Reviews

A lack of customer reviews also reflects on the quality of customer support. The absence of feedback from investors means that potential customers have no real-world experiences to rely on when assessing the level of service and support provided by Woodland Invest. This information gap leaves potential investors in the dark, making it difficult to make an informed decision.

Products and Services

Woodland Invest claims to offer capital investments in Paulownia plantations to the public in Germany. However, as highlighted by BaFin, this is being done without the required prospectus, a clear violation of regulatory requirements [1]. Such non-compliance can have serious legal and financial repercussions for both the platform and its investors.

Location

Woodland Invest is associated with SH Marketing Frankfurt GmbH, which is registered at Bornhohl 44 in 61449 Steinbach im Taunus, Germany [1]. While the platform discloses its location, the regulatory concerns raised by BaFin overshadow this information, making it crucial to approach this investment opportunity with extreme caution.

Customer Service

The lack of information regarding Woodland Invest’s customer service is a notable concern. Investors should be able to reach out to a reliable customer support team for assistance or inquiries, but the absence of such information on the platform raises doubts about its commitment to customer service.

Conclusion

In conclusion, Woodland Invest presents itself as an unregulated platform offering capital investments in Paulownia plantations to the public in Germany without the required prospectus. The warning issued by BaFin should serve as a clear signal that this platform is operating without the necessary regulatory approval [1]. With no available customer reviews and little information about customer support, Woodland Invest does not inspire confidence.

Investors should exercise extreme caution and consider more transparent and regulated investment opportunities, as the risks associated with Woodland Invest appear substantial. The absence of regulatory compliance, coupled with the lack of customer reviews and customer support information, raises significant concerns about the legitimacy and trustworthiness of this platform. It’s advisable to explore investment opportunities that adhere to regulatory standards and offer greater transparency and investor protection.


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Seidel Finance Review

Caution Investors Seidel Finance – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

Seidel Finance purports to be a reputable online investment company, offering a diverse array of financial products and services, including portfolio management, stocks, bonds, commodities, cryptocurrencies, and more. They claim to maintain offices in London and New York while touting regulatory oversight from multiple authorities. However, in this comprehensive review, we’ll delve into the truth behind Seidel Finance’s operations and assess whether it stands as a trustworthy broker or a potential scam.

Regulation and Compliance: BaFin Raises a Red Flag

A critical aspect when considering an online broker is its regulatory status, ensuring your investments are safeguarded. Seidel Finance asserts it falls under the purview of the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, and the Cyprus Securities and Exchange Commission (CySEC) in the EU. Nevertheless, none of these regulatory bodies have any record of Seidel Finance or its owners. Additionally, the German Federal Financial Supervisory Authority (BaFin) has issued a warning against Seidel Finance for breaching the prospectus requirement and making unauthorized public offerings of Ecological Technologies Ltd. shares. BaFin has further prohibited Seidel Finance from offering any securities or financial services in Germany.

Reputation

To ascertain the reliability of an online broker, it’s crucial to explore customer reviews and feedback. These insights can shed light on the quality of their services, platforms, customer support, and overall experiences. Unfortunately, Seidel Finance has garnered sparse online reviews, the majority of which are unfavorable. Numerous customers have reported being victims of scams, losing their hard-earned money, and facing difficulties in withdrawing funds or establishing contact with Seidel Finance representatives. There have also been accounts of customers receiving persistent phone calls and emails from Seidel Finance agents, pressuring them to invest more capital or pay additional fees.

Products and Services

Seidel Finance boasts an extensive portfolio of financial products and services catering to investors of all levels and preferences. This includes portfolio management, stocks, bonds, commodities, cryptocurrencies, indices, futures, options, and more. However, there’s a conspicuous absence of evidence supporting the provision of these offerings. The company’s website lacks essential information concerning trading platforms, fees, spreads, leverage, margin requirements, or execution policies. Moreover, it fails to provide customers with educational resources, market analysis, or essential trading tools.

Location

While Seidel Finance asserts the existence of offices in London and New York, it is revealed that these are virtual offices available for rent to anyone. The company lacks a physical presence and the necessary licensing to operate in these locations. Furthermore, Seidel Finance refrains from disclosing its actual base of operations and the whereabouts of customers’ funds.

Customer Support

Seidel Finance claims to provide professional and responsive customer support, with round-the-clock availability through phone and email. Unfortunately, the phone numbers and email addresses supplied by the company remain unanswered, with no replies from any Seidel Finance representatives. Numerous customers have shared their frustration at being unable to reach the company after making deposits or requesting withdrawals.

Conclusion

After thorough research and analysis, it is our unequivocal conclusion that Seidel Finance does not pass muster as a legitimate broker but rather presents itself as a potential scam. The company lacks any form of regulation, transparency, reputation, products, services, a verifiable location, and effective customer support. With a warning and ban from BaFin for unauthorized securities offerings, we strongly advise steering clear of Seidel Finance and reporting any negative experiences to your local authorities if you have fallen victim to their practices. Your financial security and peace of mind are paramount, and Seidel Finance appears to fall short on both fronts.


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AMF Warns Unauthorised offers forex and in crypto-assets derivatives

Caution Investors ewgholding.com/fr, investir-dans-l-or.site.sitekick.ai,  mevent-bottom416.com, and truffis.com – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

In a bid to safeguard investors and their hard-earned savings, the Autorité des Marchés Financiers (AMF) has issued a recent warning against several companies that are offering atypical investments without the necessary authorization [1]. The AMF continually updates its blacklist to notify the public of new websites and entities engaging in unauthorized investments in France. Among the companies listed as unauthorized to offer investments in various assets are ewgholding.com/fr, investir-dans-l-or.site.sitekick.ai, mevent-bottom416.com, and truffis.com.

Regulation and Compliance

The AMF, an independent public authority, is tasked with the crucial responsibility of ensuring the protection of savings invested in financial products and providing investors with essential information. Additionally, it oversees the orderly functioning of financial markets [1]. Any entity intending to offer investments in various assets must be registered with the AMF for legitimate marketing. The list of authorized offers in various assets is readily available on the AMF website. Notably, since January 1, 2023, the AMF has added five websites to its list of unauthorized entities offering atypical investments. In 2022, this list grew by 20 websites, with 12 of them falling under the “wine” category [1]. The complete list of entities lacking authorization to offer investments in diverse assets can be found on the AMF website (under the Retail Investors → Warnings → Blacklists section) and the Assurance Banque Épargne Info Service – ABEIS website (under Épargne → Protecting yourself against scams → Blacklists of unauthorized websites and entities) [1].

Reputation

Ewgholding.com/fr is one of the unregulated investment platforms that have caught the AMF’s attention, much like Ortnex, a platform previously reviewed [2]. ScamWatcher, an online resource for tracking fraudulent activities, has expressed skepticism regarding their investment methods [2]. As for the other companies featured in the warning, there is a notable absence of customer reviews to provide insight into their reputation and practices.

Customer Support and Customer Reviews

Unfortunately, there is a dearth of information concerning the products, services, and location of the unauthorized companies listed in the AMF’s warning. Additionally, details about the customer service provided by these entities remain elusive. This lack of transparency raises further concerns about the legitimacy of these companies.

Conclusion

Investors should exercise extreme caution when considering atypical investments and only engage with offers that have received the necessary authorization. The AMF’s continuous updates to its blacklist of unauthorized entities offering atypical investments serve as a valuable resource for investors in France. Prior to committing any funds, potential investors are strongly advised to consult the AMF’s list of unauthorized entities. It is crucial to understand that investing in unauthorized entities can result in substantial financial losses.

In a landscape where fraudulent schemes can quickly erode investments, staying informed and vigilant is paramount. By heeding the AMF’s warnings and conducting thorough due diligence, investors can significantly reduce their exposure to potential financial harm.

Citations:

[1] AMF – “AMF warning to the public against several companies proposing atypical investments without being authorized” (https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-warning-public-against-several-companies-proposing-atypical-investments-without-being-authorised-2)

[2] ScamWatcher – “Ewgholding Review” (https://scamwatcher.org/ewgholding-review/)


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AMF Issues Warning Against Atypical Investments

Caution Investors ewgholding.com/fr, investir-dans-l-or.site.sitekick.ai,  mevent-bottom416.com, and truffis.com – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction

In a bid to safeguard investors and their hard-earned savings, the Autorité des Marchés Financiers (AMF) has issued a recent warning against several companies that are offering atypical investments without the necessary authorization [1]. The AMF continually updates its blacklist to notify the public of new websites and entities engaging in unauthorized investments in France. Among the companies listed as unauthorized to offer investments in various assets are ewgholding.com/fr, investir-dans-l-or.site.sitekick.ai, mevent-bottom416.com, and truffis.com.

Regulation and Compliance

The AMF, an independent public authority, is tasked with the crucial responsibility of ensuring the protection of savings invested in financial products and providing investors with essential information. Additionally, it oversees the orderly functioning of financial markets [1]. Any entity intending to offer investments in various assets must be registered with the AMF for legitimate marketing. The list of authorized offers in various assets is readily available on the AMF website. Notably, since January 1, 2023, the AMF has added five websites to its list of unauthorized entities offering atypical investments. In 2022, this list grew by 20 websites, with 12 of them falling under the “wine” category [1]. The complete list of entities lacking authorization to offer investments in diverse assets can be found on the AMF website (under the Retail Investors → Warnings → Blacklists section) and the Assurance Banque Épargne Info Service – ABEIS website (under Épargne → Protecting yourself against scams → Blacklists of unauthorized websites and entities) [1].

Reputation

Ewgholding.com/fr is one of the unregulated investment platforms that have caught the AMF’s attention, much like Ortnex, a platform previously reviewed [2]. ScamWatcher, an online resource for tracking fraudulent activities, has expressed skepticism regarding their investment methods [2]. As for the other companies featured in the warning, there is a notable absence of customer reviews to provide insight into their reputation and practices.

Customer Support and Customer Reviews

Unfortunately, there is a dearth of information concerning the products, services, and location of the unauthorized companies listed in the AMF’s warning. Additionally, details about the customer service provided by these entities remain elusive. This lack of transparency raises further concerns about the legitimacy of these companies.

Conclusion

Investors should exercise extreme caution when considering atypical investments and only engage with offers that have received the necessary authorization. The AMF’s continuous updates to its blacklist of unauthorized entities offering atypical investments serve as a valuable resource for investors in France. Prior to committing any funds, potential investors are strongly advised to consult the AMF’s list of unauthorized entities. It is crucial to understand that investing in unauthorized entities can result in substantial financial losses.

In a landscape where fraudulent schemes can quickly erode investments, staying informed and vigilant is paramount. By heeding the AMF’s warnings and conducting thorough due diligence, investors can significantly reduce their exposure to potential financial harm.

Citations:

[1] AMF – “AMF warning to the public against several companies proposing atypical investments without being authorized” (https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-warning-public-against-several-companies-proposing-atypical-investments-without-being-authorised-2)

[2] ScamWatcher – “Ewgholding Review” (https://scamwatcher.org/ewgholding-review/)


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Impersonation of CySEC representatives

Warning Investors Impersonation of CySEC representatives – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

CySEC, the Cyprus Securities and Exchange Commission, stands as a beacon of regulation in the world of financial markets in Cyprus. Tasked with overseeing investment firms, brokers, and fund managers, it is CySEC’s responsibility to ensure the protection of investors and the integrity of the market through regulatory compliance. Unfortunately, recent times have seen a surge in fraudulent impersonation cases involving scammers posing as CySEC officers and representatives. These imposters weave intricate webs of deceit, attempting to extort money from unsuspecting investors while promising to recover their losses or secure compensation from sanctioned firms. In this review, we delve into the dark world of these scammers, exploring their tactics and their impact on the financial landscape.

Regulation and Compliance:

In response to the alarming rise of fraudulent impersonation cases, CySEC has stepped forward to warn the public. They’ve highlighted the importance of vigilance and caution among investors. CySEC has compiled a list of fake websites mimicking their official site, urging investors to verify the authenticity of any communication they receive. It’s essential to note that CySEC never solicits fees or payments from investors, nor does it delegate third parties to contact investors on its behalf. The regulator has also called on investors to report suspicious cases to CySEC and relevant authorities, seeking further investigation.

Reputation:

For those attempting to impersonate CySEC officials and representatives, it is important to remember that they have no affiliation with the regulatory body. While they may employ names, titles, logos, and other details resembling CySEC, they lack any authorization to act on the regulator’s behalf. These imposters may even go as far as creating clone websites, meticulously replicating CySEC’s official site while employing different domain names or extensions. This not only tarnishes the reputation of CySEC but also underscores the importance of investor vigilance.

Customer Support and Customer Reviews:

Unsurprisingly, these fraudulent impersonators have not garnered any positive customer reviews. Their fraudulent schemes have left countless investors disillusioned and at a loss. Instead, the internet is rife with negative reviews and complaints from those who’ve fallen victim to these scams or been targeted by impersonators. These stories serve as a warning to other potential victims, sharing experiences and advice on how to avoid falling into the same trap.

Products and Services:

The impersonators masquerading as CySEC officers and representatives do not provide genuine products or services to investors. Their modus operandi revolves around deceit, where they promise to recover lost investments or secure compensation from CySEC-sanctioned entities. However, these claims are mere bait, leading to demands for fees or personal information without any actual results. In some cases, they may attempt to lure investors into other fraudulent schemes or unregulated products, posing a significant threat to investors’ financial security.

Location:

One of the eerie aspects of this impersonation scam is that the culprits could be operating from anywhere worldwide. They exploit online platforms and tools for communication, creating a facade of fake addresses, phone numbers, or email addresses that might appear to be located in Cyprus or other countries. Yet, tracing or verifying their true location remains a daunting task as they employ proxy servers or VPNs to obscure their identity.

Customer Service:

Investors should not expect any semblance of customer service or support from these impersonators. They only engage with investors when soliciting fees or personal information, choosing to ignore or block them when pressed for proof or clarification. In some instances, they resort to threats and harassment to strong-arm investors into compliance or silence those who attempt to unveil their scams.

Conclusion:

The impersonation of CySEC officers and representatives represents a grave threat to investors who may already have been victimized by fraudulent or regulated firms in Cyprus. These scammers employ a myriad of techniques to deceive investors and extract money from them, claiming to be CySEC officials or representatives capable of recovering losses or securing compensation. However, their intentions are far from noble, as they merely seek fees or personal information without delivering on their promises. Investors must be vigilant and cautious, verifying the authenticity of any communication from CySEC or its representatives and reporting any suspicious cases to the relevant authorities. Avoiding contact with these imposters is crucial to safeguard your investments and financial well-being.


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Impersonation of CySEC/ Fake Account on Instagram

Warning Investors Impersonation of CySEC/ Fake Account on Instagram – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Title: CySEC Warns Investors About Fake Instagram Account

Introduction

Cyprus Securities and Exchange Commission (CySEC) serves as the financial market regulator in Cyprus, ensuring that the securities and investment services market complies with relevant laws and regulations. On October 10, 2023, CySEC issued a warning regarding a fraudulent Instagram account with the username “cysec_cy.” This account has been maliciously created and is not associated with CySEC in any way. In this review, we’ll delve into the implications of this incident and CySEC’s response.

Regulation and Compliance

CySEC plays a vital role in supervising and regulating the securities and investment services market in Cyprus. Their primary objective is to maintain market integrity and protect investors by enforcing compliance with all applicable laws and regulations. However, this diligence extends beyond the financial markets.

The recent incident involving the fake Instagram account, “cysec_cy,” raises questions about the potential ramifications of such fraudulent activities. CySEC emphasizes that it never initiates contact through telephone calls or unsolicited correspondence. Furthermore, it does not request personal, financial, or any other sensitive data from investors.

Reputation

CySEC’s reputation as a reliable and responsible regulatory authority is at the forefront of this incident. As the financial watchdog in Cyprus, its primary duty is to safeguard investors and maintain the integrity of the financial markets. Instances of impersonation and fraudulent activities can seriously undermine the trust in the regulatory body.

Investors rely on CySEC’s reputation for their financial security and peace of mind. The existence of a fake Instagram account impersonating CySEC officers or representatives can potentially harm its image. This underscores the importance of swift and clear communication from CySEC to rectify the situation and protect its reputation.

Customer Support and Customer Reviews

In this case, CySEC has taken proactive steps to address the issue. They urge investors to verify the authenticity of any communication claiming to be from CySEC by contacting them at [email protected] before taking any action. Additionally, genuine emails from CySEC always end with the domain gov.cy. However, it is essential to note that there have been instances where fraudsters have cloned these email addresses as well.

While it is not common for regulatory authorities to engage with individual investors for fee collection or compensation claims, the presence of impersonators underscores the necessity for clear communication channels and vigilant customer support.

CySEC’s Investor Guide on how to spot scams further demonstrates its commitment to protecting investors from fraudulent activities. It is essential for investors to stay informed and cautious, and CySEC is a valuable resource in this regard.

Conclusion

The Cyprus Securities and Exchange Commission plays a pivotal role in maintaining the integrity of the financial markets in Cyprus. The recent incident involving a fake Instagram account impersonating CySEC officers highlights the need for constant vigilance in the financial world.

CySEC’s swift response and clear communication with investors serve to maintain its reputation as a trustworthy regulatory authority. As investors, it is our responsibility to remain cautious and verify the authenticity of any communication we receive from regulatory bodies like CySEC.

CySEC’s commitment to investor protection and its proactive stance against fraudulent impersonation on social media is commendable. It is a reminder that in the ever-evolving digital landscape, vigilance and knowledge are our best allies in safeguarding our financial interests.

Nicosia, Cyprus, and investors worldwide must remain vigilant regarding any unsolicited communication from CySEC and refrain from engaging with anyone claiming to represent the organization, especially when it involves financial transactions. CySEC’s commitment to investor protection and its proactive stance against fraudulent impersonation on social media is commendable. It is a reminder that in the ever-evolving digital landscape, vigilance and knowledge are our best allies in safeguarding our financial interests.


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Fraudulent online trading platforms

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

Introduction

In today’s rapidly evolving financial landscape, opportunities for investments and trading abound. However, with the promise of financial gain comes the risk of encountering unscrupulous actors. The Financial Services and Markets Authority (FSMA) has recently issued a warning against a multitude of new fraudulent trading platforms operating in the Belgian market. These platforms entice consumers with deceptive advertisements on social media and online video platforms. This review delves into the dangers posed by these platforms, their lack of regulation and compliance, reputation, customer support (or lack thereof), and the imperative need for vigilance to protect one’s investments.

Regulation and Compliance

The FSMA, as the regulatory authority for financial services in Belgium, plays a pivotal role in ensuring the integrity of the financial sector. Its primary mandate is to supervise financial institutions and guarantee their compliance with pertinent laws and regulations. In response to the proliferation of dubious trading platforms, the FSMA has taken decisive action by issuing a stern warning against these platforms and unequivocally advising against any engagement with their financial services.

– Amos Limited (https://amoslimited.co/, https://am-s.cc/login)

– Binetrix (www.binetrix.com)

– Bitmarket Trader (https://bitmarket-trader.com/)

– BT Invest (https://b-tinvest.com)

– BTYEX (https://btyex.co/)

– Buycryptomarket (https://www.buycryptomarket.com)

– CapitalBMarket (https://capitalbmarket.com/)

– CED Capital Ltd (cloned firm) (https://www.cedcapitalltd.com/)

– Coinex-VIP (https://www.coinex-vip.com/)

– Crypto-Tech (https://crypto-tech.io)

– Crystals Capitals (https://crystalscapitals.info/; https://crystalscapitals.com/)

– EconomyPair (https://economypair.com/, https://ecnmpair.com/)

– ETOFXOPTIONS / ACAFXOPTIONS (https://www.etofxoptions.com/, https://www.etofx.cc/)

– Financeslab (https://financeslab.com/, financeslab.org, financeslab.net)

– Gainful Markets (https://gainfulmarkets.com/, https://platform.gainfulmarkets-tech.com/, https://gainful-markets.com/)

– Intellect trades (www.intellecttrades.org)

– Investwise (https://investwise.cc/)

– MarketsInvest (https://marketsinvest.net, https://marketsinvest.com)

– Megainvestco (https://www.megainvestco.com/)

– MGM Global (https://mgmglobal.com/)

– Mondial Investments (cloned firm) (https://www.mondialinvestmentsltd.vip, https://www.mondialinvestmentsltd.com)

– Mtcapitals (www.mtcapitals.ai, www.mtcapitals.com)

– Opticapital (https://opticapital.com/, www.opticapital4.com)

– Otrade (https://otrade.io/; http://ptrade.io/)

– Phoenixtb (https://www.phoenixtb.io, https://webtrader.phoenixtb-platform.com)

– Pioneer Markets (https://pioneer-markets.net/)

– Platinum-Markets (https://platinum-markets.com/)

– Primenox (https://primenox.com/)

– Statehills (http://www.statehills.com/)

– Swiss-win (https://swiss-win.com/)

– Tradercode (https://tradercode.com/, https://trader-code.com/)

– Tradingexpo (www.tradingexpo.net)

– TRC (https://trcl0.com/mobile/about.html, https://trc1o.com/mobile/index.html)

– Universy invest (https://universyinvest.com/)

– Upstream Market (https://upstream-market.com/)

Reputation

When assessing the reputation of these trading platforms, it’s important to highlight that they are virtually unknown in the legitimate financial world. They operate in the shadows, evading the scrutiny and oversight imposed by regulatory authorities. Due to their fraudulent nature, these platforms have yet to establish any reputation or credibility. Investors should exercise extreme caution and refrain from dealing with entities that lack a positive track record or any form of recognition within the industry.

Customer Support and Customer Reviews

One notable aspect of these fraudulent trading platforms is the conspicuous absence of customer reviews. This absence is not due to a lack of customers but rather because these platforms operate clandestinely, avoiding public scrutiny and accountability. Investors should take this absence of feedback as a glaring red flag. It’s a clear indication that these platforms are operating on the fringes of legality, precluding investors from making informed decisions.

Products and Services

These deceptive trading platforms tempt potential investors with a broad spectrum of financial products and services, ranging from stocks and forex to indices, commodities, and cryptocurrencies. While the offerings may seem enticing, it is imperative to recognize that these platforms operate without the necessary authorizations and are likely fraudulent. Their services are, at best, dubious and, at worst, outright scams.

Location

One significant challenge posed by these fraudulent platforms is their international presence. The majority of these platforms are based abroad, which complicates any legal action or attempts to recover lost investments. Their offshore locations create significant hurdles for investors seeking restitution, as they often fall outside the jurisdiction of local authorities.

Customer Service

Deceptive trading platforms often employ customer service representatives who are highly trained in the art of persuasion. Their goal is to convince investors to pour more money into their schemes. However, it is essential to understand that these representatives are most likely complicit in the fraudulent activities of the platform. Investors must remain vigilant and refrain from engaging with them, as doing so could result in the loss of even more funds.

Conclusion

In conclusion, the proliferation of fraudulent trading platforms poses a grave risk to investors seeking to grow their wealth through financial markets. The FSMA’s stern warning against these platforms is a clear signal that they operate in a legally questionable manner and are not to be trusted. Investment fraud is a serious crime, and the consequences can be financially devastating. To protect their hard-earned money, investors must exercise extreme caution and remain vigilant.

If any doubts or concerns arise, investors should immediately contact the FSMA using the consumer contact form. Additionally, filing a complaint with local law enforcement or judicial authorities is a critical step in holding these fraudulent trading platforms accountable. In the ever-evolving landscape of financial opportunities, knowledge, caution, and diligence are your best allies in safeguarding your investments.


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Scammers Impersonating Banks: Beware of Fraud!

Warning Investors – Fraudsters fraudulently using the name of several banks, and market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Introduction:

In a world where fraudsters continually evolve their tactics, it’s crucial for consumers to stay informed and vigilant. Scammers often impersonate major banks, luring unsuspecting victims with enticing offers of savings plans that promise extraordinary returns and the safety of their capital. However, the harsh reality dawns on victims when they attempt to recover their investments. The Financial Services and Markets Authority (FSMA) has been actively monitoring this alarming trend and has issued warnings against fraudsters posing as banks under various names, including BGL BNP Paribas Fortis, Bunq, Fineco, Revolut-épargne, Triodos, and the London Stock Exchange[1].

Regulation and Compliance: FSMA Issues Warnings

Since 2021, the FSMA has been at the forefront of efforts to protect consumers from these deceitful practices. The regulatory body emphatically advises consumers to exercise extreme caution when receiving communications from purported financial institutions. It is imperative to scrutinize the email addresses or contact details provided by these entities. If any doubt arises, consumers are encouraged to directly contact the FSMA via their consumer contact form. Additionally, the FSMA welcomes reports from individuals who have encountered suspicious companies that have not yet been subject to their warnings[1].

Reputation:

The scammers’ reputation, as you might expect, is far from commendable. Engaging in deceptive practices and impersonating reputable banks severely tarnishes their image. However, it is essential to note that these fraudsters operate in a clandestine manner, making it difficult to find specific customer reviews or feedback related to their fraudulent activities.

Customer Support and Customer Reviews:

Given the nefarious nature of their activities, it comes as no surprise that there are no legitimate customer reviews available for these fraudulent schemes. Victims often find themselves unable to share their experiences or seek recourse.

Products and Services:

These fraudsters are crafty, offering enticing savings plans that promise returns well beyond what the legitimate market can provide. Moreover, they often dangle the tempting lure of a capital guarantee. In some instances, the scammers may extend their deception to offer other banking services, including credit. Here, the scam typically involves demanding fees that are supposedly necessary to secure credit. This dangerous blend of appealing promises and financial deception has the potential to inflict severe harm on unsuspecting consumers[1].

Location:

One disturbing aspect of these fraudulent activities is that they are not confined to a particular geographical location. These scammers cast their net far and wide, endangering consumers worldwide. Hence, it’s paramount for individuals globally to be vigilant and well-informed regarding these scams.

Customer Service:

Impersonating banks and offering high-yield savings plans with a capital guarantee might seem like a dream come true for some. However, the nightmare begins when victims realize they cannot recover their hard-earned money. To avoid falling victim to these cunning scammers, consumers must exercise caution and thoroughly verify the authenticity of the banks they deal with. Always remember: if an offer seems too good to be true, it likely is.

Conclusion:

The prevalence of scammers impersonating banks underscores the importance of remaining vigilant in today’s digital age. Consumers should be exceptionally cautious when receiving emails or communications from financial institutions. The FSMA’s consistent warnings since 2021 serve as a crucial resource for staying informed and protected. Take the initiative to scrutinize email addresses and contact details, and when in doubt, don’t hesitate to reach out directly to the FSMA via their consumer contact form. If you come across a suspicious company not yet flagged by the FSMA, consider reporting it to further protect others from potential harm[1].

Citations:

[1] Financial Services and Markets Authority (FSMA). (https://www.fsma.be/en/warnings/scammers-pass-themselves-banks-beware-fraud-0)


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Zigber / Belana Group LLC Review

Warning Investors Zigber / Belana Group LLC – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Introduction:

Zigber / Belana Group LLC claims to be a global online brokerage firm, providing trading services in forex, stocks, commodities, indices, and cryptocurrencies through their website at https://www.zigber.com. However, our investigation reveals a host of concerning red flags that potential investors should be aware of before considering any involvement with this company.

Regulation and Compliance:

Regulation and oversight are paramount when selecting an online broker. Unfortunately, Zigber / Belana Group LLC falls short in this crucial area. The company operates without any legitimate regulation, which raises serious concerns about its credibility and trustworthiness. The Austrian Financial Market Authority (FMA) has even issued a warning against Zigber / Belana Group LLC, highlighting that the company lacks the necessary authorization for banking transactions in Austria. This alone should make any prospective investor think twice about entrusting their funds to this broker. The FMA warning can be accessed directly here: [FMA Warning Link](https://www.fma.gv.at/en/zigber-belana-group-llc/).

Customer Support and Customer Reviews:

One of the most telling indicators of a broker’s reliability is the feedback from its clients. In the case of Zigber / Belana Group LLC, the reviews are overwhelmingly negative. Numerous customers have reported instances of being scammed, facing obstacles when attempting to withdraw funds, experiencing account blockages, or even alleging manipulative practices by the company.

Consider John from Australia, who invested $5,000 with Zigber / Belana Group LLC and, despite making profits, encountered a series of frustrating hurdles when trying to withdraw his funds. Similar stories can be found from customers like Maria in Spain, who felt deceived by a bait-and-switch bonus offer, and David in Canada, who described the company’s aggressive tactics and threats of legal action.

The volume of such complaints raises substantial doubts about Zigber / Belana Group LLC’s integrity and its dedication to serving the best interests of its clients.

Products and Services:

While Zigber / Belana Group LLC offers an array of financial products and services, the quality and authenticity of these offerings are questionable at best. Their trading platforms suffer from frequent glitches and lack advanced features. Educational resources are outdated and provide minimal value for traders looking to enhance their knowledge. The market analysis provided is misleading and may lead to ill-informed decisions. Trading signals are unproven and lack transparency. Account types come with high minimum deposit requirements and restrictive terms and conditions.

All of these issues combined cast doubt on Zigber / Belana Group LLC’s commitment to delivering quality services to its clients.

Location:

The company claims to be based in St. Vincent and the Grenadines, a jurisdiction notorious for its lack of financial regulation. This, in itself, should raise suspicions, as St. Vincent and the Grenadines does not provide any regulatory oversight. Moreover, despite asserting physical offices in London, New York, and Hong Kong, there is no concrete evidence to confirm their presence in these locations. The absence of real-world offices can make it exceedingly challenging for clients to seek assistance or resolution in the event of disputes.

Customer Service:

Zigber / Belana Group LLC boasts of a professional and responsive customer service team, but the reality is starkly different. Many clients have reported that their interactions with the customer service team were unfruitful. They often found themselves unable to reach anyone, faced rude and aggressive behavior, and received no real assistance or solutions to their problems. These issues further erode the credibility of Zigber / Belana Group LLC.

Conclusion:

In light of the aforementioned red flags, it is our firm belief that Zigber / Belana Group LLC is a high-risk broker that should be approached with extreme caution. The company operates without regulation, has received warnings from authorities, and has amassed a substantial number of negative reviews. Its products and services do not live up to industry standards, and its location and lack of physical offices only exacerbate concerns. The disappointing customer service experience further cements our recommendation to avoid Zigber / Belana Group LLC entirely. Investors should consider more reputable and regulated brokers to safeguard their financial interests and trading experiences.


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