Day: March 27, 2022

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scam reviews 2022

OspreyFX Review

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OspreyFX

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Do You Want to Know If OspreyFX Is Legitimate or a Scam?

Visitors to OspreyFX’s website are greeted with the words, “Lightning fast broker offering 1:500 leverage.” These words do not give the impression that OspreyFX is a service that you can necessarily trust. Seasoned traders may value fast trades, but a certain amount of trust should be earned first. The extremely high leverage is cause for concern, because presumably this broker is encouraging people to trade on the margin which could result in huge losses. 

There Are Some Problems with OspreyFX

It is not surprising that OspreyFX has no license. It does offer trading of currencies, stocks and cryptocurrencies and the MT4 platform. There are some decent reviews of OspreyFX, but also some negative ones. The bottom line is that it is unsafe to trade with any broker that does not have a license, particularly one who emphasizes a risky, uber-fast trading style and extremely high leverage. 

Red Flags that OspreyFX Could Be a Scam 

  • No license
  • Extremely high leverage
  • No transparency
  • Negative reviews

If You Need Fund Recovery from OspreyFX, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with OspreyFX, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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scam reviews 2022

Treasure Forex Global Limited Review

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Treasure Forex Global Limited

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Do You Want to Know If Treasure Forex Global Limited Is Legitimate or a Scam?

Treasure Forex Global Limited may claim it is a valid and registered company online, but the same is not true of its brokerage license–which is entirely fake! Not only does this broker mislead the public about its licensing, but it can’t seem to keep its story straight. 

There Are Some Problems with Treasure Forex Global Limited

 Treasure Forex Global Limited claims to be regulated by the NFA (National Futures Association) which governs US-based financial services, and yet this broker says it is located in London–for which it would need an FCA license. This may be a typo, but in any case, it doesn’t have a license with either regulator!  Also, Treasure Forex Global Limited has a poorly designed website, an extremely high leverage which is dangerous for consumers and accepts only cryptocurrency as a payment method. 

Red Flags that Treasure Forex Global Limited Could Be a Scam 

  • Misleading claims about licensing
  • No transparency
  • Leverage too high
  • Poorly designed website
  • Accounts funded solely with cryptocurrency
  • Negative reviews

If You Need Fund Recovery from Treasure Forex Global Limited, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Treasure Forex Global Limited, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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scam reviews 2022

CryptoSpotFX Review

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CryptoSpotFX

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Do You Want to Know If CryptoSpotFX Is Legitimate or a Scam?

CryptoSpotFX has been flagged by the FCA for false claims about its license. CryptoSpotFX claims to be  an “award-winning forex and binary options broker” but it shows no evidence of these awards. In addition to misleading UK clients, it also says it is licensed in Australia and Cyprus but does not hold the relevant license. It doesn’t seem like a good idea to trust CryptoSpotFX about anything it says. 

There Are Some Problems with CryptoSpotFX

Although CryptoSpotFX does offer MetaTrader 4 and 5, so do other brokers who don’t have CryptoSpotFx’s spotty record on false claims. It also has a hazardously high leverage at 1:1,000. Using its leverage as a selling point can endanger clients and encourage them to rake up huge losses. Also, according to complaints, it claims to accept many payment methods, but in actuality, only accepts cryptocurrency. 

Red Flags that CryptoSpotFX Could Be a Scam 

  • False claims of licensing
  • Flagged by the FCA
  • Dangerously high leverage
  • Negative reviews

If You Need Fund Recovery from CryptoSpotFX, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with CryptoSpotFX, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.