The online trading world offers opportunities for financial growth, but it’s equally a breeding ground for scams. Unscrupulous brokers exploit novice traders with promises of quick returns and impressive profits. Regulatory authorities like the FCA (Financial Conduct Authority), CONSOB (Italian Companies and Exchange Commission), and NFA (National Futures Association) frequently flag such fraudulent entities.
Below, we analyze four brokers—Infinity ECN, Tradebucks, Goldbysell24, and MyCopy Stocks Company—that have been identified as potentially harmful to investors. If you’ve dealt with these platforms, exercise caution and seek professional assistance if necessary.
Infinity ECN Review
Website: https://www.infinityecn.com/
Regulatory Status: Unregulated
Infinity ECN claims to operate as a professional trading platform based in the USA. However, investigations revealed that it is unregistered with the NFA, the regulatory authority for U.S.-based brokers. This absence of regulation leaves investors helpless, with no lawful framework to protect their funds.
Red Flags:
- False claims of being U.S.-based and regulated.
- No NFA registration found despite claims.
- Reports of fund recovery issues and non-responsiveness.
Tradebucks Review
Website: https://www.tradebucks.live/
Regulatory Status: Unregulated and Flagged by FCA
Tradebucks has been blacklisted by the FCA as an unauthorized provider of financial services in the UK. The website, active for only a short period, fails to provide proof of licensing or regulatory oversight. Investors report issues such as unfulfilled withdrawal requests and aggressive marketing tactics.
Red Flags:
- Operating without FCA approval.
- Hidden fees and difficulties with withdrawals.
- High-pressure sales tactics to secure deposits.
Goldbysell24 Review
Website: https://goldbysell24.co/ (Currently inactive)
Regulatory Status: Unregulated and Blacklisted by CONSOB
Goldbysell24 makes a false claim that it is regulated by several agencies, such as FCA, BaFin, and CySEC. Investigations revealed that these claims were false. CONSOB ordered the website to be blacked out in Italy due to illegal operations. The inactive website further solidifies concerns about its legitimacy.
Red Flags:
- Misleading claims of global regulation.
- Blacklisted by CONSOB for illegal operations.
- Website now inactive, raising further suspicion.
MyCopy Stocks Company Review
Website: https://mycopystockltd.com/
Regulatory Status: Unregulated
Claiming to be a U.S.-based entity, MyCopy Stocks Company operates without NFA registration, making it an unregulated and high-risk broker. Investors report significant challenges recovering funds, coupled with poor customer service.
Red Flags:
- No regulatory approval or oversight.
- Difficulty withdrawing funds.
- Misleading claims about being U.S.-based.
After thorough brokers reviews of Infinity ECN, Tradebucks, Goldbysell24, and MyCopy Stocks Company, it is evident that all four brokers exhibit characteristics of scams. The absence of regulation, failure to provide valid credentials, and warnings from regulatory bodies such as the FCA, CONSOB, and NFA make these brokers untrustworthy. Engaging with such platforms exposes investors to financial losses, with no recourse for fund recovery.
The brokers reviewed—Infinity ECN, Tradebucks, Goldbysell24, and MyCopy Stocks Company—exhibit all the warning signs of fraudulent entities. Lack of regulation, misleading claims, and negative user experiences underline their unreliability. These brokers thrive on exploiting uninformed traders, making it crucial to prioritize due diligence before investing.
Scams Report Review: Infinity ECN, Tradebucks, Goldbysell24, and MyCopy Stocks Company
Scams Report, a trusted platform for exposing fraudulent practices, has analyzed Infinity ECN, Tradebucks, Goldbysell24, and MyCopy Stocks Company, 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 withInfinity ECN, Tradebucks, Goldbysell24, MyCopy Stocks Company, 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.
COMPLAINT NOW AND GET FREE CONSULTATION HERE
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 Infinity ECN, Tradebucks, Goldbysell24, MyCopy Stocks Company can be reclaimed.
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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