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Scams Report > Scam Brokers List 2022 > Fraud Brokers Reports 2022

AAFX Review

AAFX is an offshore broker and it is an unreliable one. Please read the AAFX review before investing. The broker is not regulated by any of the known regulatory authorities in the jurisdiction. This broker offers operations in many asset classes and provides investment services in many countries throughout the globe without having a proper license from any of the known regulators like SEC, ASIC, FCA, BaFin, CNMV, CySEC, etc. On investigating online we found that there are many negative AAFX reviews and complaints on different broking forums. This is a red flag, for AAFX broker can be possible scam/fraud. Your investments/funds may not be secured if you are trading with this broker.

Website – https://www.aafxtrading.com/

Official Address – Saint Vincent and the Grenadines

Warned by regulating authority – Commodity Futures Trading Commission (United States)

AAFX claims to be a forex and CFD broker situated in an offshore region Saint Vincent and the Grenadines. The broker is enrolled under the business name AAFXTrading Company Ltd. AAFX also claims to have workplaces in Malaysia and Hong Kong.

They profess to be a completely authorized and controlled organization on its website AAFXTrading.com, but we disagree with this statement. Most importantly, the place Saint Vincent and the Grenadines is an offshore region that doesn’t direct forex dealers by any means, however, rather permits them to integrate there as a business. Furthermore, the neighborhood workplaces in Malaysia and Hong Kong are not controlled by any administration. These are some suspicious signs that make you avoid this broker. In this AAFX review, you will know some possible scam activities done by this broker.

AAFX Review: Probable scam activities of fraud/scam broker

Below are some of the possible scam/fraud activities of AAFX broker; hence we do not advise you to work with this broker.

  • The terms and conditions of AAFX broker are such, that it makes withdrawal impossible. Even it is not possible to bonus. The rules and regulations condition are kept purposefully in such a way to defraud traders/investors.
  • The broker calls you umpteen times to invest more and more amounts in the account.
  • Claims made through the website are untrue and are virtually not possible to achieve, execute or discharge.
  • Returns on investments (ROI) promised by AAFX broker on his website are nearly impossible to achieve.
  • Risk warnings while trading is not declared/disclosed on the webpage or would be disclosed in very small fonts at some corner of the page which is hardly readable/noticeable.
  • The broker is active in the initial period; later on, he may not communicate with you or avoid replying altogether. He may change the URL or company’s name without notifying traders.
  • The broker may be operating from those countries where regulation rules are lenient or vague. More often than not these countries are heaven for scam brokers.
  • In the initial period, the broker will show you that you are making huge gains/profits but as soon as you submit a withdrawal request, your trades start making losses. Or they will point out some of their illegitimate rules of withdrawals whereby it will be impossible to withdraw.

Negative AAFX review and complaints.

On surfing the internet or social media sites you will find many negative AAFX reviews and complaints of withdrawals of AAFX broker. We also examined and scrutinized AAFX broker online and other scam features, and hence included this broker in our list of scam brokers 2022.

AAFX Review: What the reviews and complaints of AAFX broker are in general?

After reading many negative AAFX reviews and complaints, we concluded that account holders are frustrated and are unable to withdraw their funds. The broker has cheated on them and is not fulfilling his promise. There is no transparency in the broker’s operation. AAFX broker is now no longer communicating with them through any channels. Have blocked or suspended the account.

AAFX Review: How to get your stolen/lost money back from AAFX broker?

The best route to recover your stolen/lost money from AAFX broker is Scams Report.

Scams Report has a committed team of experts from different fields. The combined team has years of experience and expertise dealing with fraud/scam broking companies. The Scams Report provides free consultation to those victims who have filled out a free consultation form and submitted it to us. We help you build up a solid case against the scammers without leaving any escape route for them, to regain your funds.

Many investors/traders feel that it is impossible to get their money back from these fraud/scam brokers. Let me assure you there is nothing like impossible. Many victims feel they are alone, be assured you are not alone; the scam broker has scammed many innocent investors and disappeared into thin air. He has scammed people in the past, is presently scamming, and will continue his activity in the future. Even the most cautious traders/investors make mistakes and fall into the booby trap laid by the scammers.

Precaution is better than cure. Before investing, stay alert, read reviews on different channels, after it is your hard-earned money. Happy investing/trading.

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams, and all other financial scams. Scamsreport is a genuine recovery organization that deploys all modern methods to help the victims of scams. We hope this AAFX review is helpful for you.

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Cash Forex Group Review

Please read this Cash Forex Group review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://cashfxgroup.com/

Official Address – 9th floor,RBS Tower Avenue, Ramón H. Jurado St, Balboa, Punta Paitilla, Panama

Warned by regulating authority – Financial Markets Authority (New Zealand)

Cash Forex Group Review

Cash Forex Group is located at 9th floor,RBS Tower Avenue, Ramón H. Jurado St, Balboa, Punta Paitilla, Panama. It is run by CFxG which is supposed to be founded by a team of experts in the education and trading field. It is registered in Panama for teaching purposes as it has a seating capacity of nearly 150 students. It is not authorized for forex trading or MLM.

It is working on three fronts. It is into education and training people for forex trading. Secondly, it is into forex (financial) trading, and lastly into multilevel network marketing.

Cash Forex Group’s domain was formed on 4th March 2019 by Huascar Lopez and Edwin Abad both from the Dominican Republic. On the website, there are no names of the owner/founder, admins, or other office staff.

Cash Forex Group Review: Regulations

The group claims to be regulated by the following regulators, FSCA (Financial Sector Conduct Authority of South Africa), FSA (the Financial Services Authority of Seychelles), FCA (Financial Conduct Authority of UK), and DFSA (Financial Services Authority of Dubai). On our investigation, we came to know DFSA, FSCA, and FSA have not issued any licenses. Since this group is offering investment services in the UK it is not authorized for the same by FCA. Dubai and Seychelles are scam-friendly jurisdictions.

Cash Forex Group is blacklisted or has been issued warnings from many known and not-so-known regulators around the world like ASIC, FCA, BCSC, AMF, FMA, SEC, CBI, BDP, FSCA, SCB, MSC, Finanstilsynet, and SMV. Also note that Panama’s regulatory authority has also issued a warning, about where the company is supposed to be based.

As far as teaching packs (Trade Academy Pack) are concerned, they are of three types or series, The Elemental Series, The Advanced Series, and The Supreme Series costing from $300 to $100,000. When one purchases the trade academy pack 30% of the money goes for the product and 70% of the money is deposited in the trading account.

On the forex trading front, the company promises a 15% weekly ROI. That means 60% monthly or 5600% yearly. That is ridiculous. In other words, if you invest $18,000, you become a millionaire by year-end.  That is impossible. No legitimate can give you that type of ROI as no financial markets are predictable. They have their share of ups and downs.

The company wants you to deposit in untraceable cryptocurrencies. Anyone can stay anonymous and can run away with your money.

On the MLM business front, there is no sellable service or product. They only market the company’s affiliates’ membership. It is a Ponzi scheme with no real economic activity. It collects money from recruits and pays old members. The system will crumble sooner or later once new recruitment dries up. The site claims 200% to 400% ROI. Investments starts from $300 to $100,000.

The company charges 20% of the money that is earned by you as a withdrawal fee. It uses 50% of the fee as residual commissions. You move to a higher rank when more and more new affiliates join below you. Starting from Executive, to the manager, to lastly Global Ambassador. Another initiative is a leadership bonus. As you keep climbing up you receive a leadership bonus.

Cash Forex Group Review: Do not deal with the scam

  • It is unregulated.
  • Offers unbelievable high returns on ROI.
  • No evidence of economic activity.
  • MLM Ponzi scheme, robbing Peter to pay Paul.
  • Once affiliate recruitments dry up the scheme collapses. Most of the participants will lose money.
  • There is no guarantee of return in Forex trading. It is highly risky and newcomers should not enter this trading.
  • Money withdrawal is always a problem with Cash Forex Group scams.

Cash Forex Group Review: Conclusion

It is clear from this Cash Forex Group review, that this broker is involved in some scam activities. If you are a victim of Cash Forex Group scam, now you have a reason to smile as you can get a refund for what you have lost to scammers.

We, at Scams Report, have helped hundreds of scam victims, recover nearly 2.6 million dollars from fraudsters. We provide fund recovery services globally through our trusted affiliates. Our team consists of lawyers and fund recovery experts. We also provide a free consultation.

Do read the reviews like this Cash Forex Group review, that we publish on our website which are updated regularly. Our recovery process is hassle-free. Visit our website https://scamsreport.net/ for more details about the services we offer. Hope this Cash Forex Group review helped you.

Also, to get more updates on Cash Forex Group reviews or other scam broker reviews, you can visit:

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Thecryptoverse Review

Please read this Thecryptoverse review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://thecryptoverse.net/en

Official Address – Hardstrasse 201, 8005 Zürich, Switzerland

Warned by regulating authority – Swiss Financial Market Supervisory Authority (Switzerland)

Thecryptoverse Review: Introduction

Thecryptoverse is an online trading platform and is located in Switzerland. The website of the company is found at https://thecryptoverse.net/ and it is owned by Get Knowledge Group Ltd. They claim to offer a variety of trading assets including Stocks, Commodities, Currencies, and much more based only on CRYPTO Exchange. They also claim that their customer services and support are always available for their clients and provide a safe and secure investing environment. Thecryptoverse was contacted by email at support@thecryptoverse.net and by phone number at +41615100352. Most of the claims may not be true because we find that this broker is a potential scam broker. Read a complete Thecryptoverse review to know more about this broker. 

Thecryptoverse Review: Regulated License

Thecryptoverse got a warning from the Switzerland authority – the Swiss Financial Market Supervisory Authority (FINMA), because they don’t have a regulated license from a central authority, and they provide its trading services illegally in the trading market. The above point indicates that Thecryptoverse may be involved in illegal activities like cryptocurrency scams, forex scams, bitcoin scams, investment scams, or other scams. We suggest you take the warning seriously and stay away from this broker or any unregulated broker otherwise, you will lose your hard-earned money. Check the forex scams, or cryptocurrency scam list before investing money in a trading platform.

How does the Thecryptoverse scam work?

Scammers can contact investors via social media or through online ads and convince them for investing an initial deposit. They make a fake promise to multiply your investment with zero risk. These tricks always work for inexperienced traders. After that, they ask for a huge amount of investment by giving exciting offers. But at the time of withdrawal, scammers delay the withdrawal process. After the chargeback period of 540 days is over user can’t file a chargeback for fund recovery. Scamsreport always advises users never to share their details like bank account numbers with anyone without checking the regulated certifications of a broker.

Customer Review on Thecryptoverse

If you search on web, you will get many negative Thecryptoverse reviews and a low trust score on all other sites. After reading all the positive and negative Thecryptoverse reviews, Scamsreport found that this broker may not be legit for providing trading services. It’s better to escape from this broker or any other unauthorized broker. We share a scam brokers list of 2021 and 2022 on our Scamreport website that helps you to avoid Cryptocurrency scams, forex scams, investment scams, or other scams.

Thecryptoverse Review: How can I recover money from a scammer?

Trading with an offshore or unregulated broker is never safe, and your funds are always at high risk. It’s better to avoid unnecessary risk and taking the right step after a scam is also necessary. If you are a victim of cryptocurrency scams, bitcoin scams, forex scams, or any other scams, you can file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery. 

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scamsreport is a genuine recovery organization and deploy all modern methods to help the victims of scams.

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Bitex Review

Please read this Bitex review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://bitex.com/

Official Address – NA

Warned by regulating authority – Not Recommended By Review Website Like Scams Report

Bitex Review: Introduction

Bitex is an online trading broker that claims to be one of the fastest-growing regions in the world. It is a digital currency exchange founded in the year 2018. The website of the company is found at https://bitex.com/. They can be contacted by email at support@bitex.com. Other details about this broker are missing, like contact number, owner’s name, and regulated license.

They also claim that they are a leading Cryptocurrency wallet and trading platform and offer several digital assets like Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and many more. But never believe in their claims easily. Read a complete Bitex review to learn more about this broker. 

Bitex Review: Regulated License

Checking the regulated license of a broker is significant if you are looking for a trading platform. It shows whether a broker is qualified or not providing the trading services in their country. If the broker doesn’t have a regulated license from a central authority, that means they may be a scam broker. Bitex does not mention the details about its regulated certifications on its website. They also hide the necessary details which include the owner’s name and contact details.

The Financial and Consumer Services Commission (FCNB) has aware the trader that this broker is not registered in New Brunswick to provide trading services. It appears to be operating out of India. Trading with an unregulated broker is always having a risk, so it’s better to avoid these offshore and unregulated brokers.

How does the Bitex scam work?   

If you are looking for a trading platform, implies you are an easy target for fraudsters. To begin with, they can reach you through different mediums like web-based advertisements, social media, calls, or email. After that, they ask you to invest with them with an initial deposit. If once you invest money with them, they insist you deposit more money for investment. Later you will realize that they are scam brokers, and you are a victim of a cryptocurrency scam. We advise you never to share your details without checking the regulated certifications of a broker. 

Customer Reviews and Ratings

If you search on the web, you will get many negative Bitex reviews. After reading all the negative and positive Bitex reviews, we found that this broker might be involved in Forex Scams, Cryptocurrency Scams, and Investment Scams. To avoid these scams, the Scamsreport provides a scam brokers list of 2022 on our website.  

How can I recover money from a scammer?

If you are a victim of cryptocurrency scams, forex scams, or other scams, you can file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you a free consultation, and we will guide you in the process of fund recovery. 

Bitex Review: Conclusion

Scamsreport always advises staying away from an offshore and unregulated broker. Trading can be beneficial with a genuine broker, but Bitex isn’t the one. Keep your funds safe and save rather than lose them to a scam broker involved in Forex Scams, Cryptocurrency Scams, Investment Scams, etc.

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scamsreport is a genuine recovery organization and deploy all modern methods to help the victims of scams.

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Profiitrend Review

Please read this Profiitrend review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://profiitrend.com/

Official Address – 15 Gerard Crescent Southampton

Warned by regulating authority – The Financial and Consumer Services Commission

Profiitrend Review: Introduction

Profiitrend is an online trading broker that claims to be an AI-based trading powerhouse for generating huge profits in Forex, Cryptocurrency, and Robot trading. The website of the company is found at https://profiitrend.com/, and it is located at 15 Gerard Crescent Southampton. In the contact details section, they mention only a WhatsApp number +447385311357. No other details are provided by the company like contact email, regulated license, etc. Read a complete Profiitrend review to know more about this broker.

Profiitrend Review: Regulated License

Check the broker’s regulated license is most important before investing with a broker. A regulated license is provided by a central authority, and it will help you to find a legit broker. You can check the broker’s regulated license on the regulator’s site. Profiitrend.com does not mention the details about their regulated license on their websites. It is a major red flag that Profiitrend.com might be an offshore or unregulated broker or potentially involved in illegal activities like forex scams, cryptocurrency scams, or other scams. Check the forex or cryptocurrency scam list before investing money in a trading platform. 

Profiitrend Review: Warning 

The Financial and Consumer Services Commission (FCNB) has issued a warning against Profiitrend. According to the FCNB, this broker is not registered in New Brunswick to provide trading services. New Brunswickers are urged to practice alert while money management with Profiitrend or any unregistered entity or individual(s) as this presents a critical gamble. People and firms occupied with advising or exchanging protections or subsidiaries in New Brunswick should be enrolled with FCNB.

How does the Profiitrend scam work?

The cryptocurrency/forex scams begin when new or unpracticed investors are looking for an investment platform. It is a chance for scammers to steal cash from innocent individuals. Fraudsters will contact individuals through internet-based promotions or web-based entertainment and ask for a small amount of deposit. After that, they ask for more cash as an investment by giving exciting offers. However, at the time of withdrawal of cash, individuals realize that they are duped by the scam brokers and lose all the cash/money.

Are your funds safe with Profiitrend?

There is no assurance or security of assets with an unregulated broker. They hide the details about the company, which raises concerns. At the point when such significant subtleties are missing, the security of your assets turns into a challenge. This makes sense of why your assets are not safe here. Such platforms ordinarily go after gullible traders, promising a few features and benefits that are vacant commitments.

Customer Review on Profiitrend 

Scamsreport sees no positive reviews or feedback about this broker on other review sites. They also got a low trust score among the traders. After perusing all the negative and positive Profiitrend reviews, we found that this broker may be involved with a few dubious exercises like scams. It’s smarter to escape from this agent or some other unregulated merchant. We share a scam brokers list of 2021 and 2022 on our site that assists you with staying away from such scammers.

Profiitrend Review: Conclusion 

Scamsreport always advises staying away from an unlawful and unregulated broker. If you are a victim of cryptocurrency scams or forex scams, immediately file a chargeback for fund recovery. Fill out a complaint form on the Scamsreport website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery.  

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scamsreport is a genuine recovery organization and deploy all modern methods to help the victims of scams.

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Optimize Funds Review

Please read this Optimize Funds review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://optimizefunds.co/

Official Address – Saint Vincent and the Grenadines & Estonia

Warned by regulating authority –  Comisión Nacional del Mercado de Valores (Spain)

Optimize Funds Review

The parent company of Optimize Funds is Asterisk Group LLC and has two offices, one in Estonia and the other at SVG (Saint Vincent and the Grenadines). They have not mentioned their phone number. However they many emails for support in different departments/functions. For opening an account, activating the account, technical support, and call-backs (support@optimizefunds.co), for the trading platform (platform@optimizefunds.co), for compliance (Compliance@optimizefunds.co), and marketing department (Marketing@optimizefunds.co). They provide 24 x 5 customer services.

Optimize Funds was founded in 2010 at SVG. The domain was registered in 2022. The company was founded right after FSA (SVG’s regulatory authority) declared that they do not permit forex and binary options trading. It is not regulated by any Tier – 1 regulator like FCA, SEC, BaFin, or CySEC.

It has received awards and recognitions from 2019 to 2021 like Best Broker of the CIS 2020 (IAFT Awards), Most Secure International Broker 2019 (Global Banking & Finance Awards), Best Trading Products & Services 2020 (Global Brands Magazine Awards), Best Global Web-Based Trading Platform 2019 (Global Forex Awards B2B), Most Trusted Broker 2020 (International Business Magazine Awards), and Most Transparent European Broker 2019 (Global Forex Awards Retail). The hilarious part is that the domain of the company was formed in 2022.

Optimize Funds Review: Countries of operation

Optimize Funds is operating in the UK, USA, Spain, Greece, Canada, Portugal, and Albania. Most of the clients of these countries are scam victims. 

Optimize Funds Review: Job role of departments

The welcome department’s work is to lure you into investing. The compliance department collects data from you through the documents that you have provided. Accounts department keep you perusing to invest more and more. When you wish to withdraw this department tries to prevent you from doing so. Once they have squeezed you to the maximum limit the company will stop communicating with you and freeze your account.

Optimize Funds Review: Trading platform

Optimize Funds offers a WebTrader platform for trading. The platform is only available via the web and is supposed to be multi-functional. You can only see offered markets, margin level, fund balance, and trading history. This platform is a very unpolished form of MetaTrader (MT4 or MT5) software.

Optimize Funds Review: Account types

Optimize Funds offers four account types, Cent (minimum first deposit 250 Euro), Pro (minimum first deposit 2,500 Euro), Pro+ (minimum first deposit 25,000 Euro), and Luxury (minimum first deposit 250,000 Euro). The floating point is from 0 to 1.5. Assets that can be traded are from 500 to 2000+. 

Optimize Funds Review: Bonuses

Bonuses offered are a First Deposit bonus of up to 10% of the deposited amount. Awarding bonus of 15% whenever you bring your friend or family member. Upgrade bonus of 20% whenever you upgrade your account on the higher side. Transfer bonus of 25% when you transfer your capital from another broker to Optimize Funds.

Optimize Funds Review: Scam Alert

  • Its regulatory status is suspicious. It is an offshore company based in SVG. It is the most favored destination of scam companies. Funds are not protected.
  • Optimize Funds does not have a segregated account. Clients and the company’s operations separate funds.
  • Withdrawal conditions are such that is practically not possible easily to withdraw investor/trader funds.
  • Awards and recognition shown/claimed are of the period when the company was not formed.
  • Many negative reviews from the trading community on different forums. 
  • No contact number is mentioned on the home web page.
  • The leverage offered (1:500) is very high. Regulated companies offer leverage of 1:30.

How can Scams Report help you?

Scams Report has recovered 2.6 million dollars from fraud/scam companies. Scams Report provides fund recovery services throughout the world through its affiliates. The members of the team are fund recovery experts and lawyers.

If you are a scam/fraud victim of Optimize Funds, or to say any type of scam, fill in our short form and get a free consultation from us. We can discuss the scam method, find a solution to it, and recover your stolen funds. Let us know your story in brief. Visit us here.

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scamsreport is a genuine recovery organization and deploy all modern methods to help the victims of scams.

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FVP Trade Review

Please read this FVP Trade review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://fvptrade.com/

Official Address – 36 Old Jewry, London EC2R 8DD, UK

Warned by regulating authority – Not Recommended By Review Website Like Scams Report

FVP Trade Review

Reading the FVP Trade review is a good way to know about this broker. This review will clear all your doubts about whether it is right to trade with this broker or not.

It is a brand of FVP Holdings. Domain was listed on Jan. 2022 in the British Virgin Islands (BVI). The website’s acceptance among the public is very poor. The site is red flagged as controversial, and questionable. Email ID is support@fvptrade.com. In their introductory period, they aimed mostly at Chinese people. Because all videos filmed and advertised at that interval are in Chinese. Later on, to garner more public they switched to promoting in the English language.

Read more about its trading platform, payment methods, and scam alerts in this FVP Trade review.

Under its belt, FVP Holdings has three companies FVP Trade, Global FX Tech, and Qfinity Labs. FVP Holdings team comprisesNick Williamson (Sr. Partner), Tim Booth, Jonathan Greene, ArmanLankarani, Ethan Murray, Stacy Wright, Keith Walker, and Dr. David Moche.

Ryan Xu’sHyperfund and FVP Trade have common links. Tim Booth is working for both, FVP Trade and FVP Holdings.

They are into CFD broking that provides crystal clear pricing, fast performance, and forward-thinking charting tools for their investors. The company FVP Trade in past did have a license from regulators ASIC, FCA, and NFA but they at present all expired.

They provide multilingual customer service, in Japanese, Korean, Chinese, Vietnamese, French, Russian, Spanish, and Portuguese. The trading platform is MetaTrader4.

FVP Trade Review: MT4 trading platform

The trading platform or software of FVP Trades is from the Russian giant MetaTrader. MetaTrader is the most trusted trading software used by many known brokers. At present most brokers are working on enhanced and newer versions i.e. MetaTrader5. MT5 software supports automated strategies and offers charting tools and in-build custom indicators. It is a steady platform that allows copy trading also. The trader can trade on any device like mobile, tablet, laptop, and desktop anytime and from anywhere with an internet connection. It functions for both Android and iOS systems.

Multi assets can be traded with FVP Trade. The company claims to offer 24/5 customer support and is transparent in its dealing. They claim to have separate accounts, one for the client’s investment and another for the company’s operations. The software has negative balance protection for the benefit of the traders. In other words, the website claims to trade with them safely, fast, trustworthy and secure. 

FVP Trade Review: Payment methods

FVP trade accepts deposits through WebMoney, Diners Club, Yandex, Neteller, Skrill, UnionPay, Master Card, Visa Card, PayPal, and Bitwallet. 

There are 100 instruments to trade from. Instruments include cryptocurrencies, currency pairs, oil, commodities, indices, and metals.

For learning purposes, there are educational articles, videos, and e-content on market analysis. Newbies traders can learn technical analysis, fundamental analysis, risk management, trading concepts, and diverse trading strategies.

FVP Trade Review: Scam Alert

  • The broker claims he is licensed by FCA. On examining the FCA portal and registry, we found that the broker is cheating the clients by giving wrong information and misguiding them. 
  • They claim they had an FCA license, and before that they claim that they were ASIC licensed. It did not suit their conditions hence they decide on the FCA license plan. 
  • The company is operating unlawfully as at present they do not have a license from known regulators like FINMA, FCA, BaFin, CONSOB, SEC, ASIC, or CySEC.
  • The scam is active in many countries like the US, UK, Australia, France, Canada, Singapore, India, South Korea, Vietnam, Brazil, and Italy.
  • To lure traders/investors the company is using social media channels like Facebook, Instagram, Twitter, and dating apps like OkCupid, Bumble, Grindr, and Tinder.
  • Once they obtain your contact details they promise you anything that you want to hear. Like easy money, a bright future, great profits, etc.
  • They gain access to your device through device sharing apps or AnyDesk, TeamViewer, Chrome Remote Desktop, and collect information regarding your account details, crypto wallet, and any other places where you park your funds.
  • When the trader/investor requests for withdrawal, they ask for some nameless taxes or an upfront fee.

FVP Trade Review: Conclusion

If you search on the web, you will get many negative FVP Trade reviews. If you were a victim of the FVP Trade scam, you can contact us for help. In our team, there are chargeback specialists with years of experience dealing with these types and methods of scammers. We can recover your lost funds if possible fully from FVP Trade.

If you have been wronged by this broker, file a short complaint form at our site to initiate the process of claiming your lost money. Our website: Scams Report.

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams, and all other financial scams. Scamsreport is a genuine recovery organization and deploy all modern methods to help the victims of scams. We hope this FVP Trade review is helpful for you.

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eTradeFXLive Review

Please read this eTradeFxLive review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – http://etradefxlive.com/

Official Address – Kemp House, 152-160 City Road, London, United Kingdom, EC1V 2NX

Warned by regulating authority – Financial Conduct Authority (United Kingdom)

eTradeFxLive Review Introduction

eTradeFxLive is an online trading platform, and it is owned by ETRADE FX LIVE. It is located, at Kemp House, 152-160 City Road, London, United Kingdom, EC1V 2NX. The website of the company can be found at etradefxlive.com, which is currently not in use. Other details like phone numbers, contact email, and regulation certificates are not found on their website. Read a complete eTradeFxLive review to know more about this broker.

eTradeFxLive Review: Regulation Status

The most important point is to check the broker’s certifications before investing in any trading platform. This will help you to check whether they are regulated by a regulatory authority or not. Etradefxlive does not work like a professional broker because they do not mention the company owner’s name, contact details, regulated license, etc. They also got a warning from a central authority. It is a major red flag that indicates Etradefxlive might be involved in unlawful activities like online scams. If you want to avoid these scams, visit the regulator’s site and check the broker’s regulated license.

eTradeFxLive Review: FCA Warning

eTradeFxLive broker got a warning from the United Kingdom – FCA (Financial Conduct Authority). According to them, this broker may be providing financial services in the UK without our authorization. We cannot recommend this broker for trading because they might be an offshore or unregulated identity. 

How does the etradefxlive.com scam work? 

The online scam starts when new or inexperienced traders are searching for an online trading platform. It is an opportunity for scam brokers to steal money from innocent people. Scammers use a few tricks to convince people to invest money like they contact people through online ads or social media, or they will call people to make an initial deposit. They make a fake promise that they will double your initial investment. But at the time of withdrawal of money, people realize that they are cheated by the scam brokers and lose all the money.

eTradeFxLive Review: Customer review

If you search on the web, you will get many negative eTradeFxLive reviews. They also got a low trust score among people. After reading all the negative and positive eTradeFxLive reviews, we found that this broker might be involved in some suspicious activities like scams. It’s better to escape from this broker or any other unregulated broker. We provide a scam brokers list of 2021 and 2022 on our website that helps you to avoid such scam brokers.

eTradeFxLive Review: Conclusion

In our research, we find that Etradefxlive hides most of the details about the company and does not mention any regulated license on its website. They also got a warning from a central authority, which means they are potentially involved in a scam. Scams Report always advises staying away from an offshore and unregulated broker. If you are a victim of online scams, immediately file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery.  

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Attiora Review

Please read this Attiora review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://attiora.com/

Official Address – Sydney, Australia

Warned by regulating authority – Not Recommended By Review Website Like Scams Report

Attiora Review

Attiora Pty Ltd has its headquarters on the 1st floor, The Zenith, 821 Pacific Highway, Chatswood, NSW, Australia. The location given is a fake one and the photos on the website are of a completely different company. Its phone, which is not working at present is +61 1800 952 481.

It was (because it has closed down its shutters) an MLM and investment trading company (a mixture of both). The profit made is dependent on the combined trading in all the major markets of the world.

They claim to deal in the forex, commodity, stocks, and cryptocurrency market. They claim to generate very good profits. By applying different strategies like spot trading, speculative trading, margin, and many more they claim to make a good profit.

Attiora Review: Welcome to the world of high returns

Over the last few years, we have seen many scam digital platforms, claiming to provide an opportunity for a high ROI. Compared to traditional assets, digital assets have flourished tremendously. The plus point of the digital asset is that the investor can diversify into many different asset classes with ease. Attiora was a thriving scam investment platform.

Attoria located in Australia provides its investors with a systematic way to get high profits without special skills. The digital platform uses unique trading expertise and concludes all transactions in automatic mode. The technology used by Attiora was robotic trading ICO investments for Crypto spot trading, shareholding, and venture investments.

Attiora Review: Scam Platform

The platform provides a chance for those investors who are looking for diversifying their assets across all types of cryptocurrency trading and stock trading. The approach is to capitalize on profits for the company and themselves.

To support its capitalization on profit, they work on those business areas that can bring high profit and support angel funding.

The scam investment platform consists of about thousands of trading instruments that have not the same volatile levels, many different technologies, and many top traders and professionals.

Attiora Review: Background and History

Attoria was launched on 07thAug. 2021 (when the cryptocurrency was at its peak). Joseph Moravec was the CEO of the company. Nevertheless, the head of the company was his father ZdenekMoravec. His father was the majority shareholder of the company and shoved in about 10 million for the company’s development and was the manager of the investment fund.

Who can join Attiora?

To join Attiora one has to sign up and register for a personal account. An investor has to make the first investment from any of the six businesses on offer. The investor can withdraw profit daily. The main aim was to increase the capital for the company. Attiora claims to give its investors a high return investment opportunity. For affiliates and network marketers joining was free. Passive investors can join by paying $50 to $100,000,000.

Being an MLM company, it works on affiliate referral plans. It was registered basically in Australia by ASIC as an Australian proprietary company limited by shares under the name and style “Attiora Holding Pty Ltd” as on 03/02/2022.

Why avoid joining Attiora?

  • It is a Ponzi scheme that has almost collapsed.
  • The website is down and is not working. The website server throws up a Cloudflare error.
  • The company did not provide any credible information about ownership or its executives when the website was working.
  • Even Facebook, Youtube, and Instagram accounts have been deleted.
  • The administrators have all run away and the system has collapsed. They all collected a hefty and tidy sum of money before the collapse.
  • Germans, French, Guadeloupe, Mauritius, and Russian were the most affected by Attiora’s scam.
  • Most of its investment was in crypto, and it crashed badly in recent years.
  • Affiliates could only be able to market the company’s memberships.
  • The reason for Attiora’s collapse was that its new affiliate recruitment dried up. Any MLM can only survive if recruits join continuously.
  • When an MLM scheme collapses the worst suffers, are those who are at the lowest rung of the ladder that is newly recruited affiliates.
  • ROI offered by the company claims is unsustainable and unrealistic.23% monthly returns on your investments.Untrue ROI.
  • Long back ASIC had issued a warning.
  • Even without knowledge and trading experience, the investor makes a profit. A very absurd claim by the company.
  • Attiora accepts only cryptocurrencies as a payment method, and that cannot be tracked.

Reading a review before picking any broker is a good practice. If you search on the web, you will get many negative Attiora reviews. It is clear from this Attiora review that the broker is involved in scam activities, and it is not safe to trade with this broker.

At our site, https://scamsreport.net/ please read reviews on different scam brokers/companies/firms/individuals before investing. We update our review page regularly so that you come to know about different companies that are blacklisted or involved in scams/fraud on our website.

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scamsreport is a genuine recovery organization and deploys all modern methods to help the victims of scams.

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LitsFXtrade21 Review

LitsFXtrade21 is an offshore broker and it is an unreliable one. Please read LitsFXtrade21 review before investing. The broker is not regulated by any of the known regulatory authorities in the jurisdiction. This broker offers operations in many asset classes and provides investment services in many countries throughout the globe without having a proper license from any of the known regulators like SEC, ASIC, FCA, BaFin, CNMV, CySEC, etc. On investigating online we found that there are many negative LitsFXtrade21 reviews and complaints on different broking forums. This is a red flag, for Litsfxtrades21.com broker can be possible scam/fraud. Your investments/funds may not be secured if you are trading with this broker.

Website – https://litsfxtrades21.com/

Official Address – Columbia, Mississippi, USA

Warned by regulating authority – Financial Conduct Authority (United Kingdom), The Financial Commission (Independent)

LitsFXtrade21 Review: Probable scam activities of fraud/scam broker

Described briefly below are some of the possible scam/fraud activities of LitsFXtrade21 broker and hence we do not advise you to work with this broker.

  • The terms and conditions of Litsfxtrades21.com broker are such, that it makes withdrawal impossible. Even it is not possible to bonus. The rules and regulations condition are kept purposefully in such a way to defraud traders/investors.
  • The broker calls you umpteen times to invest more and more amounts in the account.
  • Claims made through the website are untrue and are virtually not possible to achieve, execute or discharge.
  • Returns on investments (ROI) promised by LitsFXtrade21 broker on his website are nearly impossible to achieve.
  • Risk warnings while trading is not declared/disclosed on the webpage or would be disclosed in very small fonts at some corner of the page which is hardly readable/noticeable.
  • The broker is active in the initial period; later on, he may not communicate with you or avoid replying altogether. He may change the URL or company’s name without notifying traders.
  • The broker may be operating from those countries where regulation rules are lenient or vague. More often than not these countries are heaven for scam brokers.
  • In the initial period, the broker will show you that you are making huge gains/profits but as soon as you submit a withdrawal request, your trades start making losses. Or they will point out some of their illegitimate rules of withdrawals whereby it will be impossible to withdraw.

Negative LitsFXtrade21 review and complaints

On surfing the internet or social media sites you will find many negative LitsFXtrade21 reviews and complaints of withdrawals of Litsfxtrades21.com broker. We also examined and scrutinized LitsFXtrade21 broker online and other scam features, and hence included this broker in our list of scam brokers 2022.

LitsFXtrade21 Review: What the reviews and complaints of LitsFXtrade21 broker are in general?

After reading many LitsFXtrade21 reviews and complaints from the broker we concluded that account holders are frustrated and are unable to withdraw their funds. The broker has cheated on them and is not fulfilling his promise. There is no transparency in the broker’s operation. LitsFXtrade21 broker is now no longer communicating with them through any channels. Have blocked or suspended the account.

LitsFXtrade21 Review: How to get your stolen/lost money back from LitsFXtrade21 broker?

The best route to recover your stolen/lost money from LitsFXtrade21 scam is Scams Report.

Scams Report has a committed team of experts from different fields. The combined team has years of experience and expertise dealing with fraud/scam broking companies. The Scams Report provides free consultation to those victims who have filled out a free consultation form and submitted it to us. We help you build up a solid case against the scammers without leaving any escape route for them, to regain your funds.

Many investors/traders feel that it is impossible to get their money back from these fraud/scam brokers. Let me assure you there is nothing like impossible. Many victims feel they are alone, be assured you are not alone; the scam broker has scammed many innocent investors and disappeared into thin air. He has scammed people in the past, is presently scamming, and will continue his activity in the future. Even the most cautious traders/investors make mistakes and fall into the booby trap laid by the scammers.

Precaution is better than cure. Before investing, stay alert, read reviews on different channels, after it is your hard-earned money. Happy investing/trading.

We have more than 10 years of experience in the field of fund recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scamsreport is a genuine recovery organization and deploy all modern methods to help the victims of scams.

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