Warning Investors Bitrade-Market – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements. Found at www.bitrade-market.com is not registered in Ontario to engage in the business of trading in securities.

Introduction To Bitrade-Market:

Bitrade-Market is a website that claims to provide access to various cryptocurrency markets, such as Bitcoin, Ethereum, Litecoin, and Ripple. The website states that it has over 10 years of experience in the industry and that it offers low fees, high leverage, fast execution, and secure transactions. However, there is little information about the company behind Bitrade-Market, its location, or its legal status.

Regulation and Compliance Of Bitrade-Market:

According to the OSC, Bitrade-Market is not registered in Ontario to engage in the business of trading in securities. This means that Bitrade-Market is operating illegally and may not comply with the rules and regulations that protect investors and ensure fair and transparent markets. The OSC warns that investors who deal with unregistered platforms are exposed to various risks, such as losing their money, identity theft, or becoming victims of fraud or scams.

Customer Support Offered By Bitrade-Market:

The website of Bitrade-Market provides a contact form, an email address, and a phone number for customer support. However, there is no evidence that these channels are responsive or reliable. Moreover, there are no social media accounts or online forums where customers can interact with Bitrade-Market or other users. This raises doubts about the credibility and accountability of Bitrade-Market.

Customer Reviews Of Bitrade-Market:

There are very few customer reviews of Bitrade-Market available online. The ones that can be found are mostly negative and complain about issues such as withdrawal problems, hidden fees, poor customer service, or being scammed. Some customers claim that Bitrade-Market is a Ponzi scheme that uses fake testimonials and manipulated trading results to lure unsuspecting investors.

Measures To Avoid Fraud Brokerages:

To avoid falling prey to fraud brokerages like Bitrade-Market, investors should always do their due diligence before investing in any online platform. Some of the measures that can help investors protect themselves are:

– Checking the registration status of the platform with the relevant authorities in their jurisdiction.

– Reading the terms and conditions of the platform carefully and understanding the risks involved.

– Verifying the reputation and track record of the platform through independent sources such as online reviews, forums, or social media.

– Avoiding platforms that promise unrealistic returns, charge excessive fees, or pressure investors to deposit more money.

– Using secure payment methods and keeping records of all transactions.

– Reporting any suspicious or fraudulent activity to the authorities.

Conclusion:

Bitrade-Market is an unregistered and unregulated online platform that claims to offer cryptocurrency trading services. However, the OSC has warned that Bitrade-Market is not authorized to trade in securities in Ontario and may pose significant risks to investors. Therefore, investors should steer clear of Bitrade-Market and exercise caution when dealing with any online platform that offers similar services.

Caution Investors Cryptosmartinvestment.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 cryptosmartinvestment.com:

Cryptosmartinvestment.com is a website that claims to be a leading platform for crypto trading. According to their website, they offer the following services:

– Access to over 1000 crypto assets and tokens

– Professional trading tools and indicators

– Educational resources and webinars

– Dedicated account managers and customer support

– Secure and regulated environment

The website also boasts of having over 10 years of experience in the financial industry, and a team of experts who can help you achieve your investment goals.

Regulation and Compliance Of cryptosmartinvestment.com:

However, before you sign up with cryptosmartinvestment.com, you need to be aware of the legal and regulatory implications of crypto trading. In Australia, the Australian Securities and Investments Commission (ASIC) is the regulator responsible for overseeing the financial markets, including crypto assets. ASIC has issued several warnings and guidance regarding cryptosmartinvestment.com 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

According to ASIC, crypto assets are not legal tender in Australia, and they are not subject to the same consumer protections as fiat currency. Moreover, crypto assets are highly volatile and speculative, and they pose significant risks of loss, theft, hacking, fraud and scams. Therefore, ASIC advises investors to exercise caution and do their due diligence before engaging in any crypto-related transactions.

Furthermore, ASIC requires that any person or entity that engages in the registration, issuance, offer or sale of securities or derivatives related to crypto assets must comply with the relevant laws and regulations, such as the Corporations Act 2001, the Australian Securities and Investments Commission Act 2001, and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. These laws and regulations impose various obligations and responsibilities on the issuers, intermediaries and participants of such transactions, such as:

– Obtaining an Australian financial services (AFS) licence or an exemption from ASIC

– Providing adequate disclosure and information to investors

– Ensuring fair and transparent pricing and trading practices

– Maintaining adequate records and reporting systems

– Implementing appropriate risk management and compliance measures

– Cooperating with ASIC and other regulators

Customer Support Offered by cryptosmartinvestment.com:

One of the claims that cryptosmartinvestment.com makes on their website is that they offer dedicated account managers and customer support to their clients. However, this claim is not verified by any independent sources or reviews. In fact, there are several complaints and negative feedback from users who have tried to contact cryptosmartinvestment.com for assistance or queries.

Some of the common issues that users have reported are:

– Lack of response or delayed response from customer support

– Unprofessional or rude attitude from customer support agents

– Inability or refusal to resolve issues or disputes

– Difficulty or impossibility to withdraw funds or close accounts

– Pressure or harassment to deposit more money or upgrade accounts

These issues indicate that cryptosmartinvestment.com does not provide adequate or reliable customer support to their clients, and that they may be operating in an unethical or fraudulent manner.

Customer Reviews Of cryptosmartinvestment.com:

Another way to assess the credibility and reputation of cryptosmartinvestment.com is to look at the customer reviews and testimonials that are available online. However, this is not an easy task, as there are very few genuine and unbiased reviews of cryptosmartinvestment.com on the internet. Most of the reviews that are found on their website or on social media platforms are either fake or paid for by the website itself.

The few authentic reviews that are found on independent websites or forums are mostly negative and critical of cryptosmartinvestment.com. Some of the common complaints and allegations that users have made against cryptosmartinvestment.com are:

– Cryptosmartinvestment.com is a scam or a Ponzi scheme that does not pay out profits or returns

– Cryptosmartinvestment.com uses fake or manipulated trading results and testimonials to lure unsuspecting investors

– Cryptosmartinvestment.com charges hidden fees or commissions that are not disclosed upfront

– Cryptosmartinvestment.com uses aggressive or deceptive marketing tactics to solicit new clients

– Cryptosmartinvestment.com does not comply with the ASIC regulations or other legal requirements

These reviews suggest that cryptosmartinvestment.com is not a trustworthy or reputable website for crypto trading, and that they may be involved in illegal or fraudulent activities.

Measures to Avoid Fraud Brokerages:

Given the high risks and uncertainties associated with crypto trading, and the prevalence of fraud and scams in this sector, it is essential that investors take precautionary measures to avoid falling victim to fraud brokerages like cryptosmartinvestment.com. Some of the steps that investors can take are:

– Do your research and due diligence before investing in any crypto-related transactions. Check the background, reputation, registration, licence, and compliance status of the website or platform that you are using. Verify the information and claims that they make on their website or in their advertisements. Read the terms and conditions, fees and charges, and risk disclosures carefully. Seek independent advice from a professional or an expert if you are unsure or have any doubts.

– Be wary of any offers or promises that sound too good to be true. If a website or platform claims to offer guaranteed profits, high returns, low risks, or free bonuses, it is likely to be a scam or a Ponzi scheme. Remember that crypto trading is inherently risky and volatile, and there is no such thing as a risk-free or easy money in this market.

– Be cautious of any pressure or coercion to invest more money or to upgrade your account. If a website or platform tries to persuade you to deposit more funds, to increase your leverage, to switch to a different plan, or to access exclusive features or services, it may be a sign that they are trying to scam you or to trap you in their scheme. Do not let them influence your decisions or manipulate your emotions. Always stick to your budget and your risk appetite.

– Be vigilant of any issues or problems that arise during your trading experience. If you encounter any difficulties or delays in accessing your account, executing your trades, withdrawing your funds, or contacting customer support, it may be an indication that something is wrong with the website or platform. Do not ignore these warning signs or hope that they will resolve themselves. Take action immediately and report the issue to the relevant authorities.

Conclusion:

Cryptosmartinvestment.com is a website that claims to offer expert advice and guidance on crypto trading. However, there are many reasons to doubt the legitimacy and reliability of this website. Cryptosmartinvestment.com does not comply with the ASIC regulations or other legal requirements for crypto-related transactions. Cryptosmartinvestment.com does not provide adequate or reliable customer support to their clients. Cryptosmartinvestment.com has received numerous complaints and negative reviews from users who have been scammed or cheated by them.

Therefore, we do not recommend cryptosmartinvestment.com as a suitable platform for crypto trading. Instead, we advise investors to exercise caution and do their research before engaging in any crypto-related transactions. We also suggest investors to follow the tips and measures that we have provided above to avoid fraud brokerages and protect their money.

Warning Investors Elitefxtraders.net – 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:

Elitefxtraders.net is a website that claims to be a leading online forex broker that offers access to over 200 financial instruments, including currencies, commodities, indices, stocks, and cryptocurrencies. The website also claims to provide competitive spreads, fast execution, low commissions, and various account types and platforms. However, there is no information about the company behind the website, its location, or its regulatory status. This raises serious doubts about the legitimacy and credibility of elitefxtraders.net.

Regulation and Compliance Of:

According to the ASIC warning, elitefxtraders.net is not registered with ASIC or any other regulatory authority. This means that the website is operating illegally and without any oversight or protection for its clients. The ASIC warning also states that elitefxtraders.net may be involved in a scam or fraud, as it may not have the proper authorization or license to issue, offer or sell securities/derivatives in Australia or elsewhere. Therefore, anyone who deals with elitefxtraders.net may be exposed to significant financial and legal risks.

Customer Support Offered:

The website of elitefxtraders.net provides a phone number and an email address as the only means of contact. However, these may not be reliable or responsive, as many scam brokers use fake or untraceable contact details to avoid accountability or complaints. Moreover, the website does not offer any live chat or online support options, which are common features of reputable and regulated brokers. Therefore, anyone who has an issue or a query with elitefxtraders.net may not receive adequate or timely assistance.

Customer Reviews:

A quick search on the internet reveals that there are very few customer reviews of elitefxtraders.net, and most of them are negative or suspicious. Some customers have reported that they have been scammed by elitefxtraders.net, as they have lost their money or been unable to withdraw their funds. Others have complained about the poor service, communication, and trading conditions of the website. There are also some positive reviews of elitefxtraders.net, but they seem to be fake or paid, as they lack credibility or details. Therefore, it is evident that elitefxtraders.net has a bad reputation and a low level of customer satisfaction.

Measures to Avoid Fraud Brokerages:

If you want to trade forex online safely and securely, you should avoid dealing with unregulated or fraudulent brokers like elitefxtraders.net. Instead, you should look for brokers that are licensed and regulated by reputable authorities such as ASIC, FCA, CySEC, or NFA. These regulators ensure that brokers comply with high standards of conduct and transparency, and provide protection and compensation schemes for their clients. You should also check the reviews and ratings of brokers from independent sources such as Trustpilot or Forex Peace Army. These platforms allow customers to share their honest opinions and experiences with different brokers. Additionally, you should always verify the contact details and terms and conditions of brokers before opening an account or making a deposit. You should also use secure payment methods and avoid sharing your personal or financial information with anyone.

Conclusion:

Elitefxtraders.net is a website that claims to be a forex broker but is actually an unregulated and potentially fraudulent entity. The ASIC has warned against dealing with this website, as it may not have the proper authorization or license to issue, offer or sell securities/derivatives in Australia or elsewhere. Moreover, the website may not comply with the reporting requirements of the relevant laws and regulations. Therefore, anyone who trades with elitefxtraders.net may face significant financial and legal risks. To avoid falling victim to scam brokers like elitefxtraders.net, you should always choose regulated and reputable brokers that offer quality services and customer support.

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.