Day: December 22, 2021

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scam reviews 2021

RSQTrade Review

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RSQTrade

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Is RSQTrade a Scam Broker? 

RSQTrade is not a licensed broker. Not having oversight from a regulator is not a good sign. Its website seems to have been copied from another broker. When clients sign up, it clearly goes to another page, and doesn’t even seem to have a real dashboard. Withdrawal fees and spreads are high and leverage is steep at 1:400. This all points to the conclusion that RSQTrade is a risky broker, all the more so because it does not have a license. 

 Is RSQTrade a Scam or Legit Broker?

RSQTrade boasts of proprietary trading software. These products are only as good as the broker who designs them, and RSQTrade does not inspire enough confidence to make this software seem trustworthy. It is clear that this is not a safe broker and it is better to do research into a regulated broker. 

 

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

  • Not regulated
  • Poor, generic website design
  • No Transparency
  • Unimpressive proprietary trading software
  • High spreads and fees

 

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

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scam reviews 2021

Remaxima Review

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Remaxima

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Is Remaxima a Scam Broker? 

Remaxima is a problematic broker that is unregulated. The FCA and the Bank of Ireland have issued warnings about Remaxima. It received many negative reviews from customers who claim that they have been subjected to cold calling, pressure to make certain trades, and were denied having their funds released. This is enough reason to stay away from Remaxima. 

 Is Remaxima a Scam or Legit Broker?

The website also indicates some problems. There are many inconsistencies. Remaxima is supposed to be a forex broker but some pages talk about stocks. Remaxima claims to be located in Hungary, but there is plenty of Russian on the site and on social media and its phone number is a London number but it is not a real one. In fact, none of its contact information is correct. 

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

  • Not licensed
  • Confusing web content
  • Warnings from the Bank of Ireland and the FCA
  • Aggressive marketing content
  • Does not let customers make withdrawals
  • False contact information

 

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

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scam reviews 2021

Cryptoexpertrades Review

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Cryptoexpertrades

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Is Cryptoexpertrades a Scam Broker? 

Cryptoexpertrades is a site that gives mixed messages. One reason for this is that we suspect it is a clone site. This happens when a fake broker tries to pass as legitimate by using a similar-sounding name or lifting content or design from another site. The homepage indicates clients can trade 30 assets. It also advertises an affiliate program that gives participants a 20%. However, the information and style of other pages do not match the promises on the homepage. 

 Is Cryptoexpertrades a Scam or Legit Broker?

On other pages of the site, it is clear Cryptoexpertrades says it uses bitcoin to trade other cryptocurrencies and nothing is said of other assets. The amount clients receive for referrals is said to be 15% rather than 20%. This broker encourages trading on the margin, basically, with money the client does not have which is dangerous. Also, Cryptoexpertrades is unlicensed and it seems best to stay away. 

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

  • No license
  • Contradictory information
  • Suspected clone site
  • Poor quality content and typos
  • Encourages trading on the margin
  • No transparency

 

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

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scam reviews 2021

MidasTrade Review

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MidasTrade

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Is MidasTrade a Scam Broker? 

MidasTrade claims to offer clients the opportunity to invest in cryptocurrency mining. This is an exciting new field that few people truly understand, and it is likely that clients may have too much reliance on brokers to explain the process to them. Unfortunately, many investments schemes such as MidasTrade pop up which are not licensed and offer unrealistic returns. For instance, according to the website, the promised returns are 7% a day which is impossible. 

 Is MidasTrade a Scam or Legit Broker?

Traders who want to get involved with cryptocurrency should never use an unlicensed broker or platform. Although the terms and conditions are honest about MidasTrade’s unlicensed status, it attempts to convince customers that they do not have a right to leave bad reviews without “permission” or share any information about MidasTrade with a third party. Those who feel they have been cheated by this broker should not be intimidated by these bogus terms and seek fund recovery right away. 

 

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

  • No license
  • Fake, guaranteed returns
  • Terms attempt to silence customers
  • Badly written content
  • No transparency

 

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

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scam reviews 2021

ANTUSDT Review

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ANTUSDT

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Is ANTUSDT a Scam Broker? 

You may be lucky enough not to be able to sign up for ANTUSDT because it is under investigation as a Ponzi scheme. This type of fraud funds withdrawals with money coming in from new clients and doesn’t actually do any trading. In addition, ANTUSDT promised clients a return of 1% ROI daily. They would keep clients from withdrawing money and when they were allowed withdrawals, it was in cryptocurrency that turned out to be worthless. 

Is ANTUSDT a Scam or Legit Broker?

It is safe to say that any brokers that are being investigated as a Ponzi scheme are not worth the risk. However, even if brokers get into trouble, they may later pop up with the same scheme under a different name. It is important to look for the risk factors–not licensed, unrealistic promises, and bad reviews. Also, beware of brokers that allow withdrawals only in cryptocurrency.

 

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

  • Not registered
  • Alleged Ponzi scheme
  • Withdrawals in false cryptocurrency
  • Fake guaranteed returns
  • No transparency
  • Bad reviews

 

Broker Complaint Registry experts have examined ANTUSDT and have discovered that it is a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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scam reviews 2021

Vide Forex Review

Scam Broker 2021 Alert

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Vide Forex

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Is Vide Forex a Scam Broker? 

Vide Forex emphasizes its trading services for forex, CFDs, and options. Brokers who put the stress on riskier trades tend to be suspect because these trading products are most commonly associated with scams. That isn’t to say any broker that offers CFDs, options, and forex is dodgy, but the more volatile assets attract shady schemes. Vide Forex boasts of having 5,000 clients with a trading volume of $4 million. However, its license is not something to brag about. 

Is Vide Forex a Scam or Legit Broker?

Vide Forex apparently holds a license from the Marshall Islands, which is a low-grade regulator. In some cases, having a low-quality license is not much better than having no license at all, since Marshall Islands regulators rarely provide oversight and are not active in pursuing customer complaints. Vide Forex also claims it returns traders 1% daily, which is an impossible guarantee. 

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

  • Low-grade license
  • Unrealistic guaranteed returns
  • Pushes risky assets
  • No contact information
  • Bad reviews

Broker Complaint Registry experts have examined Vide Forex and suspect it may be a scam. If you want to trade, do some research and select only a regulated broker. If you need assistance finding a reliable broker or require fund recovery from a scam broker, consult with our professionals right away. 

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scam reviews 2021

CME Global Review

Scam Broker 2021 Alert

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CME Global

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Is CME Global a Scam Broker? 

CME sounds like an impressive name, but not in the case of CME Global. This is yet another clone broker scam in which people create names that are similar to reputable financial companies. People may confuse CME Global with CME Group, which is the largest global futures exchange. It is important, therefore, to double-check the names of brokers and ensure they have licenses before opening an account. 

Is CME Global a Scam or Legit Broker?

When a broker adopts a name that sounds like a reliable financial company to make itself seem legitimate, that is usually not a good sign. CME Global does not have a license, does not reveal information about who is behind it, and has received many bad reviews. Therefore, we suggest looking for a regulated broker rather than opening an account with CME Global. 

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

  • No license
  • Clone broker
  • No transparency
  • Bad reviews

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

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scam reviews 2021

ZoroGlobal Review

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ZoroGlobal

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Is ZoroGlobal a Scam Broker? 

It is not so obvious at first that ZoroGlobal is a problematic broker because it offers the popular and reliable trading platform MetaTrader 4 and unlike many scam brokers, warns potential traders of the risks, but there are nevertheless many reasons to be suspicious of ZoroGlobal. We could not find any contact information about this broker, it is not regulated and has been the subject of warnings by European regulators. 

Is ZoroGlobal a Scam or Legit Broker?

The CNMV in Spain has warned the public against opening an account with ZoroGlobal. The lack of a license and warnings such as this should be enough to encourage anyone to look elsewhere for safe and reliable trading. Research brokers carefully before opening an account. There are some signs in ZoroGlobal’s content that it is not professional, but there is no need to parse wording–checking its reputation, it is clear that ZoroGlobal is not the right choice. 

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

  • Unregulated
  • Warning from the CNMV
  • Lackluster content
  • No contact information
  • Negative reviews

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



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scam reviews 2021

FXOptionTrade Review

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FXOptionTrade

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Is FXOptionTrade a Scam Broker? 

Sometimes you have to dig a little to determine that a broker may be unreliable. At other times it is as clear as a warning from the UK’s main regulator, the FCA which has urged the public to stay away from FXOptionTrade because it is a clone broker. This means that it has copied its website and has a similar-sounding name to an FCA-regulated broker. This is a deceitful way of trying to steal potential clients from a legitimate broker and give them false services. 

 Is FXOptionTrade  a Scam or Legit Broker?

Although the site design and name may have been lifted from a reliable broker, the content should betray that it is an imposter. The web content does not read as if it was written by professionals who know what they are doing. That should be enough of a tip-off but the FCA warning should be the main reason to stay away. 

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

  • No license
  • Warning from the FCA
  • Clone broker
  • Badly written content
  • Guaranteed returns
  • No transparency

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