MyExpert100 Review: Is This Broker Legit or Not?
Company Overview
Company Name: | MyExpert100 |
Known Websites: | https://my-expert100.com/ |
Website Availability: | Yes |
Address mentioned: | 3 Chester Bridge, Crewe, England, CW2 7EF |
Other Contact Information: | support@myexpert100.com, +44 (746) 236-23-53 |
Regulated By: | Unregulated |
Have Warnings From: | The Dutch Authority for the Financial Markets (Netherlands) – (AFM) |
Date of Warning: | 21 Jan 2025 |
Domain Age Information: | Name MY-EXPERT100.COM |
Key Indicators for Identifying MyExpert100 as a Fraudulent Broker
MyExpert100, found at https://my-expert100.com/, is a platform that has raised significant concerns from regulatory authorities. The Dutch Authority for the Financial Markets (AFM) has issued a warning against MyExpert100, which operates under the name Financial Expert Partnership Ltd (cloon). This company is suspected of being a boiler room operation—a fraudulent online investment scheme. MyExpert100 approaches consumers unsolicited, offering high-return investment opportunities that often turn out to be scams, with worthless or non-existent shares.
Moreover, MyExpert100 lacks an AFM license or a European Passport, indicating that it is an unregulated platform. Given these serious concerns, the AFM strongly advises against engaging with MyExpert100 or its affiliated companies. For more information on the risks, check out this MyExpert100 Review to ensure you are fully informed before considering any investments.
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Is MyExpert100 Legit or a scam?
When evaluating a broker, key factors such as transparency, regulation, and performance history should be considered. Many scam brokers operate without regulation, exposing clients to potential risks. They may also use tactics like unclear policies, poor customer support, or enticing investment offers to lure in traders.
Although my-expert100.com claims to be a legitimate broker, some aspects resemble those of questionable platforms. For instance, its unclear regulatory status raises concerns about customer protection. Brokers that avoid regulation often pose significant risks to investors.
Common Red Flags Associated with Scam Brokers
Unclear Regulatory Status
Questionable MyExpert100 Reviews
Lack of Transparency
Aggressive Marketing Practices
Understanding the Scheme: Misleading Tactics and Unfulfilled Commitments
Scam brokers generally follow a pattern to attract and exploit investors. Here’s a breakdown of their common tactics:
- Suspicious Deals: Promotions of remarkable returns, minimal expenses, or extraordinary bonuses that feel unrealistic.
- Unrealistic Guarantees: Claims of zero risk or guaranteed profits are red flags. Every legitimate investment carries its own share of risk.
- Account Freezing: Once funds are deposited, scam brokers may delay or deny withdrawal requests, citing technical issues or policy violations.
- Untraceable Closure: In extreme scenarios, brokers might shut down and become untraceable, preventing investors from regaining their money.
my-expert100.com broker has shown some of the above tactics to defraud investors. These tactics exploit the trust and hopes of investors, leading to significant financial losses.
Scams Report Reviewed MyExpert100
Scams Report, a trusted platform for exposing fraudulent activities, has analyzed MyExpert100 and found reasons for concern. The platform specializes in identifying brokers that exhibit red flags commonly associated with scams, such as unclear regulation, questionable practices, or hidden policies.
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 my-expert100.com or any other broker, our experts are ready to help you take the first step toward reclaiming your funds.
COMPLAINT NOW AND GET FREE CONSULTATION HERE
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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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Note: The information provided in the above MyExpert100 review is derived from existing web my-expert100.com reviews. Please be aware that we cannot be held liable for any legal action taken by MyExpert100 company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.