Day: November 30, 2021

Is HK Kaiser Intl a Scam? 

HK Kaiser Intl seems like a legitimate broker that offers CFDs, direct trading, and many types of trading. Unlike many unregulated brokers, HK Kaiser Intl actually warns on its website about the risks involved in CFD trading. The name HK Kaiser Intl may inspire confidence, but that is because it sounds just like SFC licensed broker called Kaiser Futures Limited. This is a common type of clone broker scam. 

Is HK Kaiser Intl a Scam or Legit?

The SFC, the main Hong Kong financial regulator, has warned against HK Kaiser Intl because it is pretending to be Kaiser Futures Limited, which has an SFC license. Unregulated brokers often piggyback on the reputation of licensed brokers. This is the reason it is important to do thorough research before signing up with a broker. Check all names and information carefully. 

Here are some problems we have discovered from our research on HK Kaiser Intl and reviews:  

• A clone of a licensed broker
• Warning from the SFC
• Poorly written content
• No names in the About Us section

Our experts do not recommend HK Kaiser Intl.  We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by HK Kaiser Intl or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.

Is  ROFX a Scam Broker? 

This broker review is easier than many others because ROFX is an example of a scam broker that has gotten caught. As of autumn 2021, ROFX is the target of a class-action suit filed by former clients who claim they lost millions of dollars. ROFX showed many of these clients initial returns through their automated platform, but the platform is fake and the returns were nothing more than numbers. In the end, ROFX did not release funds to customers. 

Is  ROFX a Scam or Legit Broker?

ROFX is an unregulated broker that did not actually trade on behalf of clients. The platform was nothing more than a video game. Clients thought they were making money and that led them to fund their accounts with more money. However, when they asked for a withdrawal, the brokers stopped communicating. When brokers disappear, that is often the sign of fraud. 

Here are some problems we have discovered from our research on ROFX and reviews:  

• No license
• Target of a lawsuit
• False guarantees of returns
• Does not allow withdrawal
• Fake automated platform

Our experts do not recommend ROFX. We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by ROFX

or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is CPLOne a Scam? 

CPLOne markets itself as an “all in one advertising platform.” According to the site, the business model is to give clients banners that will be posted on high-traffic sites to advertise products and services. However, many customers said that no advertising appeared after they paid their fee. When customers asked about this, CPLOne representatives were evasive or made excuses. 

Is CPLOne a Scam or Legit?

CPLOne seems to be a new version of a similar scam which used to be called Click2Sell. This scheme used a similar model and eventually disappeared when suspicions arose about the company. CPLOne makes huge guarantees, but customer reviews show that they do not provide the services they promise. We looked at the website and there is little information about who is behind it and no contact information. Lack of transparency is a red flag for scams of all types. 

Here are some problems we have discovered from our research on CPLOne and reviews:  

• No information about who is behind CPLOne
• Bad reviews
• Suspected to be former scam Click2Sell
• Does not deliver on promises

Our experts do not recommend CPLOne. We encourage visitors to do research, read our broker reviews, and select regulated brokers. If you have been scammed by CPLOne or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is Cinda-Securities a Scam Broker?

Cinda-Securities seems to be a polished website and promises “high-quality products” a fast trading experience and trading of metals, cryptocurrencies, forex, and other assets. In addition, Cinda-Securities emphasizes its flexible leverage and low spreads. There is nothing to raise red flags on the actual site except for some strangely worded disclaimers. For instance, Cinda-Securities says there is no guarantee information on its site is accurate and the broker’s recommendations should not be constructed as trading advice.

Is Cinda-Securities a Scam or Legit Broker?

These strange disclaimers seem like they are meant to be a way for Cinda-Securities to cover itself. It shows an ASIC license, but Cinda-Securities has been caught falsifying its licenses. It actually has no license and is a suspected scam. Cinda-Securities is the worst kind of fraud broker because it claims to be regulated and even shows a copy of a fake license, but is clearly lying to visitors to the site. 

Our experts found out the following about Cinda-Securities: 

• Warning by many regulators including ASIC
• Fake license information
• Weird disclaimers on the site
• Lack of transparency
• Customer complaints

Our experts do not recommend Cinda-Securities. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Cinda-Securities or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is Back on Track Loans a Scam Broker?

Back on Track Loans is based in the UK and claims to not be as interested in fees as it is finding loans for clients who need them. It claims to work with 250 companies in the UK that can provide loans and pledges to customers that it will find the best terms on any kind of loan. Back on Track Loans focuses on speed and promises an “instant decision.” Emphasizing haste more than licensing and reliability is a red flag. 

Is Back on Track Loans a Scam or Legit Broker?

After looking carefully at Back on Track Loans, Broker Complaint Registry has noticed that the FCA or the Financial Conduct Authority has released a complaint against Back on Track Loans for falsely claiming that they are FCA registered. In the UK, it is illegal to provide a financial service without FCA regulation. 

Our experts found out the following about Back on Track Loans: 

• Warning by the FCA
• No license
• Focus on haste
• Lack of transparency
• Customer complaints

Our experts do not recommend Back on Track Loans. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Back on Track Loans or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is BondCompare a Scam Broker?

BondCompare seems like a reliable broker but Broker Complaint Registry has investigated BondCompare and could not find anything to inspire confidence. The first step in researching any broker is to check out its license and who is behind the company. BondCompare provides no transparency on its site and there is no indication of a license. Therefore, we would not recommend opening an account with BondCompare. 

Is BondCompare or Legit Broker?

Despite the deals and perks brokers like BondCompare offer to customers, there is no reason to trust them. Many of our clients who seek fund recovery have lost money to unregulated brokers. If you can’t find out any licensing information or any visibility into who started the firm, the best thing to do is to walk away. Start any research into brokers by looking carefully at licensing information and ensuring it is up to date and accurate. Sometimes brokers may sound like legitimate brokers, but they could be clones of real services and be fake. 

Our experts found out the following about BondCompare: 

• No information about a license
• Lack of transparency
• Customer complaints

Our experts do not recommend BondCompare. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by BondCompare or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is Vuelex a Scam Broker?

Vuelex calls itself an “independent wealth management service.” Broker Complaint Registry is often cautious about the term “independent” since this can often be a positive spin on “unregulated.” Much of the content is poorly written. For instance, brokers were said to “provide reassurance” to clients. Bad writing is not just skin deep but is a signal of a service that doesn’t understand the industry and could be faking it. Content design and content is not just skin deep, but can alert the visitor to a more fundamental problem. 

Is Vuelex or Legit Broker?

BCR investigated Vuelex and found numerous complaints about this broker. We could not locate any tangible information about the identities of the people behind Vuelex and whether or not they have a license. This is not a good sign and is a reason to avoid Vuelex and to look for a licensed broker that gives clients reliable services. This requires research and patience, but it is not worth taking a risk on brokers like Vuelex. 

Our experts found out the following about Vuelex: 

• No information about a license
• Lack of transparency
• Poorly written web content

Our experts do not recommend Vuelex. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Vuelex or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is Smart Investor Centre a Scam Broker?

Smart Investor Centre presents itself as a regulated broker and says it provides advanced trading and a choice of trading products. However, on further inspection Broker Complaint Registry has found some issues with Smart Investor Centre and has created this review to guide consumers to make the right choices. We emphasize the importance of research before signing up with a broker and opening an account. 

Is Smart Investor Centre a Scam or Legit Broker?

The FCA or the Financial Conduct Authority in the United Kingdom has warned the public about Smart Investor Centre. This broker has misled the public about having an FCA license. Every broker located in the UK must have an FCA license and Smart Investor Centre does not have this license. It is important to work with a broker that has the legal right and licensing to deal with clients in your area. Why would you trust your money with a broker that is breaking the law?  

Our experts found out the following about Smart Investor Centre: 

• No licensing information
• Warning from the FCA 
• No transparency 

Our experts do not recommend Smart Investor Centre. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Smart Investor Centre or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is Smart Investor Centre a Scam Broker?

Smart Investor Centre presents itself as a regulated broker and says it provides advanced trading and a choice of trading products. However, on further inspection Broker Complaint Registry has found some issues with Smart Investor Centre and has created this review to guide consumers to make the right choices. We emphasize the importance of research before signing up with a broker and opening an account. 

Is Smart Investor Centre a Scam or Legit Broker?

The FCA or the Financial Conduct Authority in the United Kingdom has warned the public about Smart Investor Centre. This broker has misled the public about having an FCA license. Every broker located in the UK must have an FCA license and Smart Investor Centre does not have this license. It is important to work with a broker that has the legal right and licensing to deal with clients in your area. Why would you trust your money with a broker that is breaking the law?  

Our experts found out the following about Smart Investor Centre: 

• No licensing information
• Warning from the FCA 
• No transparency 

Our experts do not recommend Smart Investor Centre. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Smart Investor Centre or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery. 

Is Yung Shiu International Financial a Scam Broker?

Yung Shiu International Financial tries to present itself as a sleep and professional trading and investment service. The Hong Kong financial authority SFC has identified Yung Shiu International Financial as a broker that is falsifying its contact and licensing information. Broker Complaint Registry has investigated Yung Shiu International Financial and has found some troubling information. 

Is Yung Shiu International Financial a Scam or Legit Broker?

The FSA is a scrupulous and official regulator in Hong Kong and it checks out any broker that claims to have a license from this regulator or an office in Hong Kong. Yung Shiu International Financial, according to the FSA has made false claims about its location and licensing. Therefore, BCR recommends staying away from this broker and looking carefully for a regulated broker that will help you reach your trading goals. 

Our experts found out the following about Yung Shiu International Financial: 

• No licensing information
• Warning from the SFC
• Inaccurate contact information

Our experts do not recommend  Yung Shiu International Financial. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Yung Shiu International Financial or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.