The allure of high returns in online trading has attracted many investors, but it has also given rise to scam brokers seeking to exploit trust. Fraudulent brokers often present themselves as legitimate, only for unsuspecting investors to realize too late that these platforms lack regulatory approval and safeguards. In this article, we explore four brokers—Verbo Capital (Pty) Ltd, Forexeur, NovaProfiting, and INFINQX—to assess their legitimacy and identify warning signs.
Broker Overview
Verbo Capital (Pty) Ltd Review
Verbo Capital (Pty) Ltd, found at https://verbo-fx.com/, markets itself as a reliable trading partner. However, this claim falls apart under scrutiny. The company operates without any regulatory oversight, making it risky for investors. The Securities and Futures Commission (SFC) warned Verbo Capital on December 20, 2024, for providing financial services in Hong Kong without authorization. The website lacks vital information such as a contact address and phone number, a common tactic scam brokers use to avoid accountability.
Forexeur Review
Forexeur, operating through https://www.forexeur.com/, claims to be owned by Euro Forex Ltd, allegedly based in the UK. Nevertheless, despite its claims, this broker has not been authorized by the Financial Conduct Authority (FCA). A fake organization called the Finance Capital Control Regulatory Agency has been identified by Forexeur as the source of regulation. On December 20, 2024, a warning regarding Forexeur’s unregistered activities was issued by the Ontario Securities Commission (OSC). These deceptive practices indicate that Forexeur is untrustworthy.
NovaProfiting Review
NovaProfiting, accessible at https://novaprofiting.com/ appears professional on the surface. However, its website uses a generic template commonly employed by scam platforms. The domain was only registered in late May 2024, adding to its suspicious profile. On December 12, 2024, the Federal Financial Supervisory Authority (BaFin) warned about its unlawful actions. With no regulatory oversight, NovaProfiting is a high-risk platform for investors.
INFINQX Review
Operating through https://www.infinqx.ai/, INFINQX presents itself as a UK-based trading firm. Yet, this broker is not authorized by any regulatory body. On December 20, 2024, the Financial Conduct Authority (FCA) warned that INFINQX may be offering services without authorization.The absence of regulatory approval and essential information on its website signals a scam.
Are above Brokers a Scam or Legit?
Verbo Capital (Pty) Ltd, Forexeur, NovaProfiting, and INFINQX share one critical flaw: they are not regulated by any legitimate financial authority. Regulatory oversight is essential to ensure brokers adhere to industry standards and safeguard investor funds. These brokers have been flagged by reputable organizations such as the SFC, OSC, FCA, and BaFin for unauthorized activities, confirming their lack of legitimacy. Due to the absence of legal protections for traders, investing with these brokers carries a considerable risk.
The examination of Verbo Capital (Pty) Ltd, Forexeur, NovaProfiting, and INFINQX highlights the significant risk associated with unregulated brokers. Multiple warnings from financial authorities and the absence of regulatory licenses underscore their fraudulent nature. Before investing, investors should be extremely careful and ensure the broker’s regulatory status. Choosing a broker with proven regulatory compliance ensures security and peace of mind, which these scam brokers do not provide.
Scams Report Review: Verbo Capital, Forexeur, NovaProfiting, and INFINQX
Scams Report, a trusted platform for exposing fraudulent practices, has analyzed Verbo Capital, Forexeur, NovaProfiting, and INFINQX, uncovering several red flags. These brokers exhibit behaviors commonly associated with scams, including operating without proper regulation, employing deceptive tactics, and failing to provide transparent information. These issues raise serious concerns about their legitimacy and reliability.
Scams Report also provides support to victims of online scams like forex trading scams, cryptocurrency schemes, social media schemes, and internet dating scams, offering free consultation and guidance on fund recovery.
If you’ve faced challenges with Verbo Capital, Forexeur, NovaProfiting, INFINQX, or any other broker, don’t hesitate to contact us. Our experts are here to help you take the first step toward reclaiming your money.
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Don’t let these scams go unaddressed—reach out to us today to start your recovery process. Rest assured, with the right actions, funds stolen by Verbo Capital, Forexeur, NovaProfiting, or INFINQX can be reclaimed. Take action now by contacting our team!
About Scams Report
The goal of Scams Report is to reveal and address financial fraud. With a focus on protecting investors, the platform provides:
- Comprehensive reviews of scam brokers and trading platforms.
- Assistance in recovering funds lost to scams.
- Educational resources to help individuals identify warning signs of fraudulent brokers.
By offering free consultation, Scams Report empowers victims to take action against unethical brokers.
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