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

Celsius stormed onto the crypto scene with impressive beginnings. Its website is flashy and it was founded by a promising, smart entrepreneur who created a kind of cult of personality with charisma and aggressive brand building. 

Celsius created a positive impression at first. When you get past the new warning on the site that many of its services have been discontinued, you’ll see greetings to would-be clients to buy, borrow, swap and earn crypto without fees. Does this sound too good to be true? Well, to the 500,000 Celsius users with a total of $8 billion currently frozen, Celsius services definitely have not delivered on their promises. 

There Are Some Problems with Celsius

It’s no wonder why hundreds of thousands of people were attracted to Celsius. It promised returns of up to 30% higher than similar crypto services. This crypto lender made borrowing and trading easy, or at least it seemed that way. 

However, none of the clients who actually received returns from Celsius had any idea of where the money was coming from. Since Celisus boasted of being unregulated and urged people not to trust banks (“Banks are not your friends,” CEO Alex Mashinsky would often say), it didn’t need to follow rules that would require disclosing its practices to clients, regulators or anyone else. And now it’s telling people to simply be patient while it freezes myriad accounts. 

When the crypto party ended with the bitcoin crash which sent the premier digital currency from $60,000 to $20,000 in just weeks, Celsius froze all accounts. Celsius insists to financial media that its intentions are good and just to be patient, but since Celsius keeps so many people in the dark, it’s hard to trust these statements.

There is some speculation that Celsius used clients’ money to fund projects with other crypto platforms that failed in the crash and it’s no longer able to pay back clients’ money. This is just one allegation, but until Celsius shows some transparency, reveals what has happened to client funds and returns their money, people have every reason to suspect Celsius is a crypto scam. 

Red Flags that Celsius Could Be a Scam 

• No license
• No transparency
• False claims
• Unfavorable media coverage. 
• Bad reviews

If You Have Lost Money to Celsius, Talk to Us

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

Do You Want to Know If Infinityex.CC Is Legitimate or a Scam?

You may have stumbled upon Infinityex.CC and are wondering if you should open an account with them. However, we can’t find one reason why you should. We’ve examined this broker and haven’t seen any information about licensing or who runs this brokerage. This broker leaves you in the dark about who they are. This is not the way to start a trading relationship with a broker. 

There Are Some Problems with Infinityex.CC

The main problem with Infinityex.CC is the lack of transparency. You don’t want to trade with a broker if you don’t have licensing information and other important information. We recommend instead of trading with Infinityex.CC looking for a regulated broker with a solid reputation. For the time being, we would avoid Infinityex.CC and look for another broker. 

Red Flags that Infinityex.CC May Be a Scam

• No license
• No contact information
• No transparency
• Bad reviews

If You Need Fund Recovery from Infinityex.CC, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Infinityex.CC, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

EminiFX is high-profile but they shouldn’t take this as a compliment–they are actually well-known as a scam and a Ponzi scheme. In fact, it has been closed down by a court order and was the subject of an article by The Washington Post about its history as a Ponzi scheme. The article discussed EminiFX’s activities as commodities and futures fraud. Obviously, if EminiFX ever emerges again, we recommend staying away from it. 

There Are Some Problems with EminiFX

Fortunately with EminiFX, its illegal activities are high profile enough that it isn’t hard to convince anyone to avoid it if it should operate again. However, with some brokers, it isn’t so obvious. Many brokers try to fool customers with false promises or claims of licenses, but they turn out to be fraudulent. We recommend researching brokers carefully and trading only with a regulated broker. 

Red Flags that EminiFX May Be a Scam

• No license
• Closed by a court order
• Very negative press
• Discontinued service
• No transparency
• Bad reviews

If You Need Fund Recovery from EminiFX, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with EminiFX, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

Stablegains is not well-named because it’s not at all stable. In fact, if you visit its website, you will be greeted by the message that it’s discontinuing its service. However, it wasn’t just because these brokers have decided to close up shop, but there were problems and regulators have issued warnings about Stablegains because of numerous complaints. 

There Are Some Problems with Stablegains

Why should we write a review about a broker that is discontinuing service? Because many of these brokers may re-open or start offering services again and it’s important to know their history before opening an account. Of course, brokers can improve their services and revamp their reputations, but be careful before opening an account with a broker that has had issues like Stablegains. 

Red Flags that Stablegains May Be a Scam

• No license
• Discontinued service
• No transparency
• Bad reviews

If You Need Fund Recovery from Stablegains, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Stablegains, close it and request a withdrawal. If you are not given your money back, contact the 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. 

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

MetaTradeFirm isn’t a legitimate broker. It has no license and also has several aliases, such as HSFXTrade. Any real broker should have just one name–more than one implies they are trying to hide behind other masks. MetaTradeFirm asks for a minimum deposit of $1,000, which is extremely high for a broker. It guarantees returns up to 100% which is unrealistic. In addition, it asks its clients to fund accounts only with cryptocurrency and bank transfer. 

There Are Some Problems with MetaTradeFirm

All of the issues mentioned above are problematic. High minimum deposits mean the broker wants to get as much money as possible and they attract people with false guarantees. This broker asks for only bank transfer and cryptocurrency because they know it’s harder to get money back from these payment methods than credit cards. 

Red Flags that MetaTradeFirm May Be a Scam

• No license
• High minimum of $1,000
• Extravagant promises
• Accepts only bank transfer and cryptocurrencies
• No transparency
• Bad reviews

If You Need Fund Recovery from MetaTradeFirm,  Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with MetaTradeFirm, close it and request a withdrawal. If you are not given your money back, contact the 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. 

Do You Want to Know If Xasic.io Is Legitimate or a Scam?

You may want to give cloud mining a try, but not with a financial service that gives pie in the sky guarantees?  Xasic.io claims that customers get 99% return on investments. Don’t ever believe such extravagant claims–we never find that regulated brokers make such wild promises. Upon further investigation, we discovered that Xasic.io is a suspected Ponzi scheme. 

There Are Some Problems with Xasic.io 

What is a Ponzi scheme? It’s basically something that pretends to be an investment of some kind but no trading activity goes on at all. Instead, money is simply funneled in and out of the account of the head of the scam. Returns to clients come directly from money people use to sign up. When they no longer feel like paying, Xasic.io may block a client or claim that their money was lost in a trade. 

Red Flags that Xasic.io May Be a Scam

• No license
• Suspected Ponzi scheme
• Extravagant promises
• No transparency
• Bad reviews

If You Need Fund Recovery from Xasic.io, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Xasic.io, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

Uniswap isn’t a broker, but it’s the kind of service people use if they are looking for online trading and want to try to do it themselves. Even though Uniswap is a DApp and not a broker, it still needs a license. Why? Any financial service needs to be regulated, because if not, there is nothing protecting consumers from corrupt practices or little recourse for people who have lost money. 

There Are Some Problems with UniswapTrading

Uniswap calls itself a “decentralized crypto trading protocol.” This may be readily understood by people who work with cryptocurrencies, but it’s safe to say that most people aren’t quite sure what this means. Also, people tend to assume that “decentralized” platforms and protocols don’t need to be regulated, but that isn’t true–they should be licensed. Uniswap has been flagged by the FCA and has received many complaints.

Red Flags that Uniswap Trading May Be a Scam

• No license
• Flagged by FCA 
• No transparency
• Bad reviews

If You Need Fund Recovery from UniswapTrading, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with UniswapTrading, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

SkyShell Trading is an unregulated broker, but it’s worse than that. This broker uses bait and switch tactics by seeming to provide a free service only to charge as much as 30% in “tax” on accounts after the first seven days. Of course this development is only in the fine print and is not stated directly. This is a dishonest tactic that gives SkyShell Trading a veneer of legitimacy to do whatever they want with client funds. 

There Are Some Problems with SkyShell Trading

It’s not so surprising that an unregulated broker would stoop to fooling customers. After all, if they don’t have a license, they can make the rules. Any broker that doesn’t get a proper license is basically saying that they don’t care about the rules of the game. Why would you trust your money with a broker like this? 

Red Flags that SkyShell Trading May Be a Scam

• No license
• “Free account” then charges fees after 7 days
• Takes 30% of the amount in accounts and claims they are “taxes” 
• No contact information
• No transparency
• Bad reviews

If You Need Fund Recovery from SkyShell Trading, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with SkyShell Trading, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

SkyShell Trading is an unregulated broker, but it’s worse than that. This broker uses bait and switch tactics by seeming to provide a free service only to charge as much as 30% in “tax” on accounts after the first seven days. Of course this development is only in the fine print and is not stated directly. This is a dishonest tactic that gives SkyShell Trading a veneer of legitimacy to do whatever they want with client funds. 

There Are Some Problems with SkyShell Trading

It’s not so surprising that an unregulated broker would stoop to fooling customers. After all, if they don’t have a license, they can make the rules. Any broker that doesn’t get a proper license is basically saying that they don’t care about the rules of the game. Why would you trust your money with a broker like this? 

Red Flags that SkyShell Trading May Be a Scam

• No license
• “Free account” then charges fees after 7 days
• Takes 30% of the amount in accounts and claims they are “taxes” 
• No contact information
• No transparency
• Bad reviews

If You Need Fund Recovery from SkyShell Trading, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with SkyShell Trading, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

PCloud FXTrading has many typos on its website, such as crypto “minning” instead of crypto mining. Although everyone makes mistakes, and one or two errors isn’t necessarily a sign of a shady operation, excessive carelessness can at least show a lack of professionalism which can compromise trust. There were other problems, however, in addition to faulty web content. 

There Are Some Problems with PCloud FXTrading

PCloud FXTrading promises its clients absurdly high returns, including a 60% profit on $10,000. There is no way any broker can guarantee any returns, particularly from high risk assets such as forex or cryptocurrencies. In addition, this broker charges high withdrawal fees–when they allow withdrawals–and says clients can expect returns. It tries to indicate it is unregulated with the convoluted sentence, “This service is not directed at any jurisdiction.” 

Red Flags that PCloud FXTrading May Be a Scam

• No license
• Poor web content
• False promises of returns
• High withdrawal fees
• No contact information
• No transparency
• Bad reviews

If You Need Fund Recovery from PCloud FXTrading, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with PCloud FXTrading, close it and request a withdrawal. If you are not given your money back, contact the 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.

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

AstroFX is not a legitimate broker. How do we know? First of all, looking at the website, it’s clear there is no license. It’s also received warnings from the FCA and the Belize regulatory authorities. We therefore don’t recommend trading with AstroFX. Any broker that receives complaints from reliable regulators aren’t worth trading with. 

There Are Some Problems with AstroFX

What’s the problem with an unregulated broker? Plenty. Chances are, you wouldn’t visit a doctor who didn’t have a medical license or get into a taxi with a driver that didn’t have a license. Why would you trust your money with an unlicensed broker?  With so many regulated brokers, there’s no reason to trust AstroFX. Instead, research licensed brokers and choose one with a good reputation. Also, don’t even consider opening a brokerage account with a broker that has been the subject of an FCA warning. 

Red Flags that AstroFX May Be a Scam

• No license
• Warning from the FCA and Belize financial regulator
• No contact information
• No transparency
• Bad reviews

If You Need Fund Recovery from AstroFX, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with AstroFX, close it and request a withdrawal. If you are not given your money back, contact the 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.