Do You Want to Know If Superior Chargeback Is Legitimate or a Scam?
It’s one thing to defraud people, but it’s even worse to take advantage of those who are already victims of financial fraud and are seeking guidance. Unfortunately, Superior Chargeback fits this description. They claim to be a “certified” fund recovery agency, yet they have no contract or license of any kind. A warning from the FCA, the top regulator in the UK is enough to cast doubt on Superior Chargeback’s statements and claims.
The cruel irony is that Superior Chargeback criticizes unregulated companies. Its website claims that Superior Chargeback is “the number 1 leading company in the industry” and contains meaningless statements like “we are quality-driven people.”
This company doesn’t bother providing evidence to back up their claims or their statement that they are licensed. In fact, Superior Chargeback has a blacklist of suspected brokers and are harshly critical of “the ugly phenomenon of unregulated companies trying to manipulate innocent people.” According to the FCA’s warning, Superior Chargeback should be added to that list.
There Are Some Problems with Superior Chargeback
Don’t trust companies like Superior Chargeback that charge high fees up front, make false guarantees and don’t even have a license. Superior Chargeback is just trying to take money from people who have already been robbed by scams. This is a lousy business model, but unfortunately that is what Superior Chargeback seems to be doing. We recommend taking the FCA warning seriously and avoiding working with this service.
Red Flags that Superior Chargeback May Be a Scam
No license
Poor web content
Unsubstantiated claims
Warning from the FCA
Bad reviews
Low site trust rating
If You Need Fund Recovery from Superior Chargeback, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have sent money to Superior Chargeback, demand a refund immediately. 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 you with your case.
Do You Want to Know If Chelsea Investment Is Legitimate or a Scam?
Chelsea Investment tries to attract customers with automated trading software. Plenty of people use this kind of software, but too often, if an unlicensed or trading service offers only automated software, that could be a sign it’s fake. These services use apps or software as a way of seizing sensitive information and sometimes even stealing client funds.Also, many people make the mistake of thinking automated software doesn’t have to carry a license. This isn’t true–any financial service has to be licensed.
There Are Some Problems with Chelsea Investment
Chelsea Investment does claim to have a license from St. Vincent and the Grenadines, but they show no proof of it. In any case, this is an offshore regulator that doesn’t provide any oversight to customers or require information from licensees. It charges an alarming 7.4 pips and many fees.
Red Flags that Chelsea Investment May Be a Scam
Third-rate license
Flagged by the FCA
Exaggerated claims
No transparency
Bad reviews
If You Need Fund Recovery from Chelsea Investment Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Chelsea Investment, 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 24StockOptionsTrade Is Legitimate or a Scam?
24StockOptionsTrade seems to be a clone broker of the licensed 24 Option, which is licensed by the FCA. However, this UK regulator has flagged 24StockOptionsTrade as a broker that is unlicensed. Clone brokers are particularly problematic because they mislead the public who think they are regulated. That’s why it’s always important to check that you have the correct name of the broker and that it matches the license.
There Are Some Problems with 24StockOptionsTrade
24StockOptionsTrade is an automated trading platform. This isn’t inherently a scam,but many trading frauds seem to insist they are automated as a selling point. This broker guarantees profit and offers a hazardous leverage of 1:800. Given all of this information, we wouldn’t recommend that you trade with 24StockOptionsTrade. Instead, look for a regulated broker with a good reputation.
Red Flags that 24StockOptionsTrade May Be a Scam
No license
Flagged by the FCA
Exaggerated claims
Dangerously high leverage
No transparency
Bad reviews
If You Need Fund Recovery from 24StockOptionsTrade Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with 24StockOptionsTrade, 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 Trade Baionics Is Legitimate or a Scam?
Trade Baionics claims to be a “world leading broker” but the facts indicate otherwise. It isn’t a well-known broker, and yet what we could find out about it wasn’t positive. This broker has been flagged as unlicensed and it makes bold claims without any evidence to back them up. Trade Baionics says it has won “numerous awards,” although it shows not proof and doesn’t seem to have a license.
There Are Some Problems with Trade Baionics
Trade Baionics makes bold claims about profits clients make with apparently fake testimonials that one client increased their investment from $500 to $4,000 in a single day. However, many other customers complain about not being able to withdraw money. There is no background information about this broker and no names of people who run it. We would not recommend trading with this broker.
Red Flags that Trade Baionics May Be a Scam
No license
Flagged by the FCA
Exaggerated claims
No transparency
Bad reviews
If You Need Fund Recovery from Trade Baionics Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Trade Baionics, 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.
Researching brokers is a crucial first step for successful crypto trading. We have created these review to help consumers avoid questionable brokers and crypto trading schemes. After looking carefully at Hubblebit, we have determined that it may be a scam and we recommend closing an account.
It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad investments because they are afraid they won’t be given their money when they ask for a withdrawal. Although Hubblebit is likely to behave this way, you are in any case not going to make any money with this broker.
Contact us for fund recovery guidance. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
Not only do we help many clients locate their funds, but our philosophy is also to be proactive. It is much easier to avoid potential broker scams than to get funds back after they have been taken. Therefore, we have created this broker review to warn you about Hubblebit and other suspicious brokers.
Why Is Hubblebit a Suspected Fraud
We don’t jump to conclusions when it comes to making these reviews. Nor do we rely only on a few negative customer reviews. Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews.
It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not. Our experts also have other methods of sifting through relevant information, including data from regulators, news stories, and official warnings.
We also see patterns of evidence in the many scams we investigate and can locate clues that indicate a broker is not legitimate. In this case, Hubblebit seems to us to be a suspected fraud.
This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team. Hubblebit was flagged for any of the following problems and may have exhibited several of these issues.
No License or Offshore License
We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe.
Hubblebit might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. This kind of fakery is unfortunately common. Hubblebit might have felt confident that people would not look farther and examine their claims.
Those who do dig deeper and go to the regulator’s site may notice that Hubblebit does not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website.
The other possible problem with Hubblebit is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers.
Negative Reputation
It has come to our attention that Hubblebit has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Any broker can have the occasional dissatisfied client. Someone may not have made enough money on trades and accuse the broker of being a fraud. These are not compelling complaints. We have found, however, enough credible complaints against Hubblebit that it is easy to believe that they are not legitimate.
False Guarantees or Claims
Hubblebit may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money. There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth.
Non-Compliance
Hubblebit has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. It is not worthwhile working with them.
Official Warning
Regulators might have warned the public against opening an account with Hubblebit. There are thousands of online brokers. If a regulator singles out Hubblebit, there must be something wrong. Once a regulator or a government organization issues a warning about a broker, it is safe to say that it should be avoided.
Does Hubblebit Do the following?
Do any of these characteristics apply to Hubblebit?
Not licensed or third-tier license
Aggressive tactics
Inflated guarantees or claims
No transparency
No contact information
High fees, spreads, and commissions
Will not allow withdrawals
Cuts off communication
If you see any of the above with Hubblebit close your account, request a withdrawal, and be finished with them. However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with Hubblebit. We can help you track down your funds on the blockchain.
Researching brokers is a crucial first step for successful crypto trading. We have created these review to help consumers avoid questionable brokers and crypto trading schemes. After looking carefully at Mintra Trade Investment, we have determined that it may be a scam and we recommend closing an account.
It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad investments because they are afraid they won’t be given their money when they ask for a withdrawal. Although Mintra Trade Investment is likely to behave this way, you are in any case not going to make any money with this broker.
Contact us for fund recovery guidance. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
Not only do we help many clients locate their funds, but our philosophy is also to be proactive. It is much easier to avoid potential broker scams than to get funds back after they have been taken. Therefore, we have created this broker review to warn you about Mintra Trade Investment and other suspicious brokers.
Why Is Mintra Trade Investment a Suspected Fraud
We don’t jump to conclusions when it comes to making these reviews. Nor do we rely only on a few negative customer reviews. Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews.
It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not. Our experts also have other methods of sifting through relevant information, including data from regulators, news stories, and official warnings.
We also see patterns of evidence in the many scams we investigate and can locate clues that indicate a broker is not legitimate. In this case, Mintra Trade Investment seems to us to be a suspected fraud.
This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team. Mintra Trade Investment was flagged for any of the following problems and may have exhibited several of these issues.
No License or Offshore License
We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe.
Mintra Trade Investment might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. This kind of fakery is unfortunately common. Mintra Trade Investment might have felt confident that people would not look farther and examine their claims.
Those who do dig deeper and go to the regulator’s site may notice that Mintra Trade Investment does not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website.
The other possible problem with Mintra Trade Investment is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers.
Negative Reputation
It has come to our attention that Mintra Trade Investment has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Any broker can have the occasional dissatisfied client. Someone may not have made enough money on trades and accuse the broker of being a fraud. These are not compelling complaints. We have found, however, enough credible complaints against Mintra Trade Investment that it is easy to believe that they are not legitimate.
False Guarantees or Claims
Mintra Trade Investment may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money. There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth.
Non-Compliance
Mintra Trade Investment has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. It is not worthwhile working with them.
Official Warning
Regulators might have warned the public against opening an account with Mintra Trade Investment. There are thousands of online brokers. If a regulator singles out Mintra Trade Investment, there must be something wrong. Once a regulator or a government organization issues a warning about a broker, it is safe to say that it should be avoided.
Does Mintra Trade Investment Do the following?
Do any of these characteristics apply to Mintra Trade Investment?
Not licensed or third-tier license
Aggressive tactics
Inflated guarantees or claims
No transparency
No contact information
High fees, spreads, and commissions
Will not allow withdrawals
Cuts off communication
If you see any of the above with Mintra Trade Investment close your account, request a withdrawal, and be finished with them. However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with Mintra Trade Investment. We can help you track down your funds on the blockchain.
Subject: “Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)”
Researching brokers is a crucial first step for successful crypto trading. We have created these review to help consumers avoid questionable brokers and crypto trading schemes. After looking carefully at Bity Investment, we have determined that it may be a scam and we recommend closing an account.
It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad investments because they are afraid they won’t be given their money when they ask for a withdrawal. Although Bity Investment is likely to behave this way, you are in any case not going to make any money with this broker.
Contact us for fund recovery guidance. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
Not only do we help many clients locate their funds, but our philosophy is also to be proactive. It is much easier to avoid potential broker scams than to get funds back after they have been taken. Therefore, we have created this broker review to warn you about Bity Investment and other suspicious brokers.
Why Is Bity Investment a Suspected Fraud
We don’t jump to conclusions when it comes to making these reviews. Nor do we rely only on a few negative customer reviews. Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews.
It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not. Our experts also have other methods of sifting through relevant information, including data from regulators, news stories, and official warnings.
We also see patterns of evidence in the many scams we investigate and can locate clues that indicate a broker is not legitimate. In this case, Bity Investment seems to us to be a suspected fraud.
This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team. Bity Investment was flagged for any of the following problems and may have exhibited several of these issues.
No License or Offshore License
We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe.
Bity Investment might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. This kind of fakery is unfortunately common. Bity Investment might have felt confident that people would not look farther and examine their claims.
Those who do dig deeper and go to the regulator’s site may notice that Bity Investment does not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website.
The other possible problem with Bity Investment is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers.
Negative Reputation
It has come to our attention that Bity Investment has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Any broker can have the occasional dissatisfied client. Someone may not have made enough money on trades and accuse the broker of being a fraud. These are not compelling complaints. We have found, however, enough credible complaints against Bity Investment that it is easy to believe that they are not legitimate.
False Guarantees or Claims
Bity Investment may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money. There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth.
Non-Compliance
Bity Investment has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. It is not worthwhile working with them.
Official Warning
Regulators might have warned the public against opening an account with Bity Investment. There are thousands of online brokers. If a regulator singles out Bity Investment, there must be something wrong. Once a regulator or a government organization issues a warning about a broker, it is safe to say that it should be avoided.
Does Bity Investment Do the following?
Do any of these characteristics apply to Bity Investment?
Not licensed or third-tier license
Aggressive tactics
Inflated guarantees or claims
No transparency
No contact information
High fees, spreads, and commissions
Will not allow withdrawals
Cuts off communication
If you see any of the above with Bity Investment close your account, request a withdrawal, and be finished with them. However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with Bity Investment. We can help you track down your funds on the blockchain.
POKET and/or SOUTH VENTURES LLC Review – Report a Scam
Regulator
Jurisdiction
Comisión Nacional de Valores
Argentina
Subject: “Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)”
Researching brokers is a crucial first step for successful crypto trading. We have created these review to help consumers avoid questionable brokers and crypto trading schemes. After looking carefully at POKET and/or SOUTH VENTURES LLC, we have determined that it may be a scam and we recommend closing an account.
It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad investments because they are afraid they won’t be given their money when they ask for a withdrawal. Although POKET and/or SOUTH VENTURES LLC is likely to behave this way, you are in any case not going to make any money with this broker.
Contact us for fund recovery guidance. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
Not only do we help many clients locate their funds, but our philosophy is also to be proactive. It is much easier to avoid potential broker scams than to get funds back after they have been taken. Therefore, we have created this broker review to warn you about POKET and/or SOUTH VENTURES LLC and other suspicious brokers.
Why Is POKET and/or SOUTH VENTURES LLC a Suspected Fraud
We don’t jump to conclusions when it comes to making these reviews. Nor do we rely only on a few negative customer reviews. Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews.
It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not. Our experts also have other methods of sifting through relevant information, including data from regulators, news stories, and official warnings.
We also see patterns of evidence in the many scams we investigate and can locate clues that indicate a broker is not legitimate. In this case, POKET and/or SOUTH VENTURES LLC seems to us to be a suspected fraud.
This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team. POKET and/or SOUTH VENTURES LLC was flagged for any of the following problems and may have exhibited several of these issues.
No License or Offshore License
We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe.
POKET and/or SOUTH VENTURES LLC might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. This kind of fakery is unfortunately common. POKET and/or SOUTH VENTURES LLC might have felt confident that people would not look farther and examine their claims.
Those who do dig deeper and go to the regulator’s site may notice that POKET and/or SOUTH VENTURES LLC does not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website.
The other possible problem with POKET and/or SOUTH VENTURES LLC is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers.
Negative Reputation
It has come to our attention that POKET and/or SOUTH VENTURES LLC has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Any broker can have the occasional dissatisfied client. Someone may not have made enough money on trades and accuse the broker of being a fraud. These are not compelling complaints. We have found, however, enough credible complaints against POKET and/or SOUTH VENTURES LLC that it is easy to believe that they are not legitimate.
False Guarantees or Claims
POKET and/or SOUTH VENTURES LLC may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money. There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth.
Non-Compliance
POKET and/or SOUTH VENTURES LLC has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. It is not worthwhile working with them.
Official Warning
Regulators might have warned the public against opening an account with POKET and/or SOUTH VENTURES LLC. There are thousands of online brokers. If a regulator singles out POKET and/or SOUTH VENTURES LLC, there must be something wrong. Once a regulator or a government organization issues a warning about a broker, it is safe to say that it should be avoided.
Does POKET and/or SOUTH VENTURES LLC Do the following?
Do any of these characteristics apply to POKET and/or SOUTH VENTURES LLC?
Not licensed or third-tier license
Aggressive tactics
Inflated guarantees or claims
No transparency
No contact information
High fees, spreads, and commissions
Will not allow withdrawals
Cuts off communication
If you see any of the above with POKET and/or SOUTH VENTURES LLC close your account, request a withdrawal, and be finished with them. However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with POKET and/or SOUTH VENTURES LLC. We can help you track down your funds on the blockchain.
Subject: “Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)”
Researching brokers is a crucial first step for successful crypto trading. We have created these review to help consumers avoid questionable brokers and crypto trading schemes. After looking carefully at Palo Traders Inc., we have determined that it may be a scam and we recommend closing an account.
It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad investments because they are afraid they won’t be given their money when they ask for a withdrawal. Although Palo Traders Inc. is likely to behave this way, you are in any case not going to make any money with this broker.
Contact us for fund recovery guidance. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
Not only do we help many clients locate their funds, but our philosophy is also to be proactive. It is much easier to avoid potential broker scams than to get funds back after they have been taken. Therefore, we have created this broker review to warn you about Palo Traders Inc. and other suspicious brokers.
Why Is Palo Traders Inc. a Suspected Fraud
We don’t jump to conclusions when it comes to making these reviews. Nor do we rely only on a few negative customer reviews. Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews.
It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not. Our experts also have other methods of sifting through relevant information, including data from regulators, news stories, and official warnings.
We also see patterns of evidence in the many scams we investigate and can locate clues that indicate a broker is not legitimate. In this case, Palo Traders Inc. seems to us to be a suspected fraud.
This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team. Palo Traders Inc. was flagged for any of the following problems and may have exhibited several of these issues.
No License or Offshore License
We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe.
Palo Traders Inc. might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. This kind of fakery is unfortunately common. Palo Traders Inc. might have felt confident that people would not look farther and examine their claims.
Those who do dig deeper and go to the regulator’s site may notice that Palo Traders Inc. does not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website.
The other possible problem with Palo Traders Inc. is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers.
Negative Reputation
It has come to our attention that Palo Traders Inc. has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Any broker can have the occasional dissatisfied client. Someone may not have made enough money on trades and accuse the broker of being a fraud. These are not compelling complaints. We have found, however, enough credible complaints against Palo Traders Inc. that it is easy to believe that they are not legitimate.
False Guarantees or Claims
Palo Traders Inc. may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money. There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth.
Non-Compliance
Palo Traders Inc. has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. It is not worthwhile working with them.
Official Warning
Regulators might have warned the public against opening an account with Palo Traders Inc.. There are thousands of online brokers. If a regulator singles out Palo Traders Inc., there must be something wrong. Once a regulator or a government organization issues a warning about a broker, it is safe to say that it should be avoided.
Does Palo Traders Inc. Do the following?
Do any of these characteristics apply to Palo Traders Inc.?
Not licensed or third-tier license
Aggressive tactics
Inflated guarantees or claims
No transparency
No contact information
High fees, spreads, and commissions
Will not allow withdrawals
Cuts off communication
If you see any of the above with Palo Traders Inc. close your account, request a withdrawal, and be finished with them. However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with Palo Traders Inc.. We can help you track down your funds on the blockchain.
Subject: Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)”
Researching brokers is a crucial first step for successful crypto trading. We have created these review to help consumers avoid questionable brokers and crypto trading schemes. After looking carefully at GMX Trading, we have determined that it may be a scam and we recommend closing an account.
It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad investments because they are afraid they won’t be given their money when they ask for a withdrawal. Although GMX Trading is likely to behave this way, you are in any case not going to make any money with this broker.
Contact us for fund recovery guidance. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
Not only do we help many clients locate their funds, but our philosophy is also to be proactive. It is much easier to avoid potential broker scams than to get funds back after they have been taken. Therefore, we have created this broker review to warn you about GMX Trading and other suspicious brokers.
Why Is GMX Trading a Suspected Fraud
We don’t jump to conclusions when it comes to making these reviews. Nor do we rely only on a few negative customer reviews. Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews.
It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not. Our experts also have other methods of sifting through relevant information, including data from regulators, news stories, and official warnings.
We also see patterns of evidence in the many scams we investigate and can locate clues that indicate a broker is not legitimate. In this case, GMX Trading seems to us to be a suspected fraud.
This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team. GMX Trading was flagged for any of the following problems and may have exhibited several of these issues.
No License or Offshore License
We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe.
GMX Trading might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. This kind of fakery is unfortunately common. GMX Trading might have felt confident that people would not look farther and examine their claims.
Those who do dig deeper and go to the regulator’s site may notice that GMX Trading does not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website.
The other possible problem with GMX Trading is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers.
Negative Reputation
It has come to our attention that GMX Trading has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Any broker can have the occasional dissatisfied client. Someone may not have made enough money on trades and accuse the broker of being a fraud. These are not compelling complaints. We have found, however, enough credible complaints against GMX Trading that it is easy to believe that they are not legitimate.
False Guarantees or Claims
GMX Trading may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money. There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth.
Non-Compliance
GMX Trading has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. It is not worthwhile working with them.
Official Warning
Regulators might have warned the public against opening an account with GMX Trading. There are thousands of online brokers. If a regulator singles out GMX Trading, there must be something wrong. Once a regulator or a government organization issues a warning about a broker, it is safe to say that it should be avoided.
Does GMX Trading Do the following?
Do any of these characteristics apply to GMX Trading?
Not licensed or third-tier license
Aggressive tactics
Inflated guarantees or claims
No transparency
No contact information
High fees, spreads, and commissions
Will not allow withdrawals
Cuts off communication
If you see any of the above with GMX Trading close your account, request a withdrawal, and be finished with them. However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with GMX Trading. We can help you track down your funds on the blockchain.
