Day: September 15, 2022

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scam reviews 2022

OBGFX Review

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OBGFX

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Do You Want to Know If OBGFX is Legitimate or a Scam Broker? 

If you look at OBGFX’s website, you may be impressed with the number of licenses it claims to have. However, these claims are fake. Although OBGFX says it’s licensed by the FCA of the United Kingdom, ASIC of Australia, and the Financial Sector Conduct Authority of South Africa (FSCA), it doesn’t, in actuality, have any of these licenses. In fact, OBGFX has been flagged by the FCA for making false claims about licensing. 

There Are Some Problems with OBGFX

This should be enough of a reason to stay away from OBGFX. Not only does it not have a license, but it is dishonest about regulation. Another troubling fact about OBGFX is its lack of transparency including the name and addresses of the people who run OBGFX. Instead, of information, there is just filler text. 

Red Flags that OBGFX Could Be a Scam Broker

  • No license
  • Flagged by the FCA
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from OBGFX Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with OBGFX, 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

Lending Cart Review

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Lending Cart

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Do You Want to Know If Lending Cart is Legitimate or a Scam Broker? 

If you, like many people, are looking for a loan, your best bet is to deal with your bank. Although banks are not always willing to offer loans, looking for loan services outside of banks can be dicey, because of the prevalence of loan scams. It can be hard to distinguish legitimate options from scams. That’s why it’s always important to check with a regulator to ensure an opportunity is legitimate. 

There Are Some Problems with Lending Cart

Lending Cart is a problematic financial company because it has been flagged by the FCA as a clone firm. This means that they have adopted a name and a logo similar to a registered broker. Some red flags are apparent on the website, such as the claim that the worse a customer’s credit rating is, the more likely it is they will get a loan. This goes beyond counterintuitive and is absurd. 

Red Flags that Lending Cart Could Be a Scam Broker

  • No license
  • Flagged by the FCA
  • Clone firm
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Lending Cart Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Lending Cart, 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

Natural Seven Limited Review

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Natural Seven Limited

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Do You Want to Know If Natural Seven Limited is Legitimate or a Scam Broker? 

Natural Seven Limited says it makes it easy for people to trade and insists that you don’t need experience to make money with this broker. However, it seems that they are going out of their way to look for people who don’t have trading experience. Just one look at this website will tell you that it probably isn’t legitimate. The website content is poor quality and there are no names or addresses of the people who run it. 

There Are Some Problems with Natural Seven Limited

The website content indicates this may not be a trustworthy broker. Added to that, Natural Seven Limited has been flagged by the SFC, the main financial regulator of Hong Kong. This organization is in charge of overseeing all financial companies that operate in Hong Kong. There are many problems with Natural Seven Limited including a lack of a valid license. 

Red Flags that Natural Seven Limited Could Be a Scam Broker

  • No license
  • Flagged by the SFC
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Natural Seven 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 Natural Seven 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

Credit Ltd Review

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Credit Ltd

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Do You Want to Know If Credit Ltd is Legitimate or a Scam Broker? 

Credit Ltd is not the kind of broker you should trade with. It may sound like a legitimate broker, but that is only because it’s a suspected imposter. The FCA has flagged Credit Ltd as a clone scam, which means that it has adopted a similar name to a regulated broker. This broker doesn’t have a license and is actively trying to deceive the public. That is reason enough to stay away. 

There Are Some Problems with Credit Ltd Services

There are many reasons why you shouldn’t trade with Credit Ltd. First of all, they don’t have a proper license. Second, they are a clone broker, which means they can’t be trusted. We did further research to find out who runs this brokerage, but there were no actual names and addresses. In addition, the website wasn’t accessible. It’s safe to say that Credit Ltd is not the right broker for you. 

Red Flags that Credit Ltd Could Be a Scam Broker

  • No license
  • Flagged by the FCA
  • Clone broker
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Credit Ltd Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Credit Ltd, 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

Salem Trading Services Review

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Salem Trading Services

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Do You Want to Know If Salem Trading Services is Legitimate or a Scam Broker? 

Salem Trading Services has been flagged by the FCA. It doesn’t have a license to operate and is signing up customers even if they aren’t authorized to do so. There are many negative reviews online. We tried to access the site, and it has disappeared. This could be a sign that they are having some difficulty, which isn’t surprising, given the warnings about them. However, it’s still worthwhile publishing this review, because unfortunately, many suspected scams have a tendency of re-emerging. 

There Are Some Problems with Salem Trading Services

Sadly, these flagged brokers tend to come back either under another name or the same names. It’s important to avoid any brokers that have been flagged by regulators or that don’t have a license. We also couldn’t find information about who runs this brokerage. That is a sign of people trying to cover their tracks. Legitimate brokers want to reveal their identities and credentials. 

Red Flags that Salem Trading Services Could Be a Scam Broker

  • No license
  • Flagged by the FCA
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Salem Trading ServicesTalk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Salem Trading Services, 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

Union Capital Company Review

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Union Capital Company

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Do You Want to Know If Union Capital Company is Legitimate or a Scam Broker? 

Union Capital Company has been flagged by the FCA as an unregistered company that is operating without proper licensing. We suspect it’s a clone broker as well because its name is remarkably close to Union Capital, a regulated broker that has a license from the SEC. Clone broker scams involve posing as a legitimate broker to try to fool people into thinking that they are dealing with a viable financial entity. 

There Are Some Problems with Union Capital Company

Not having a license, being flagged by the FCA, and acting as a clone broker are enough reasons to avoid doing business with Union Capital Company. There is no reason to take a risk with a broker that has these many red flags. We therefore can’t recommend Union Capital Company and recommend instead researching regulated brokers. 

Red Flags that Union Capital Company Could Be a Scam Broker

  • No license
  • Flagged by the FINMA
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Union Capital Company Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Union Capital Company, 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

Guardian Capital AG Review

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Guardian Capital AG

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Do You Want to KnGuardian Capital AGow If  is Legitimate or a Scam Broker? 

You may run across several financial entities called Guardian Capital, but Guardian Capital AG is the one you should watch up for. Guardian Capital AG has no transparency and doesn’t indicate who runs the site. On further examination, someone by the name of Darren Yaw was listed as the head of the company and they claim to be based in Switzerland. However, upon further examination, Darren Yaw Foo Hoe (his name on social media) is located in Malaysia and Guardian Capital AG’s Swiss address is fake. 

There Are Some Problems with Guardian Capital AG

In fact, Switzerland’s Financial Market Supervisory Authority has flagged Guardian Capital AG as a suspected scam and has revealed it has no license. You should know who you are trusting your money with. If they’ve found to be dishonest or evasive about their location and identity, don’t waste your time or money with them. 

Red Flags that Guardian Capital AG Could Be a Scam Broker

  • No license
  • Flagged by the FINMA
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Guardian Capital AG Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Guardian Capital AG, 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

MESSA Review

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MESSA

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Do You Want to Know If MESSA is Legitimate or a Scam Broker? 

You may be involved in a mess if you open an account with MESSA. Why? We couldn’t find anything that indicates MESSA is a legitimate broker. There is no licensing information, no validation from any regulatory authority, and no transparency about who runs this broker. Don’t open an account with a broker that doesn’t let you know anything about itself. 

There Are Some Problems with MESSA

Messa is like many brokers we run across that may promise successful trading and rich returns, but doesn’t give any information to back this up. “No news is good news” is not an expression that works in the world of financial companies. The more transparency the better when it comes to managing and trading your money. We’ve tried to look further into investigating this broker, but the information was so sparse, that we conclude we don’t have enough information to trust it. 

Red Flags that MESSA Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from MESSA Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with MESSA, 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

Grupo De Inversores Argentina (GIA) Review

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Grupo De Inversores Argentina (GIA)

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Do You Want to Know If Grupo De Inversores Argentina (GIA) is Legitimate or a Scam Broker? 

Grupo De Inversores Argentina (GIA) may seem like it offers an attractive proposition. This financial investment company, which also provides tax and accounting services, offers a fund that provides a fixed income of 5% return with a minimum investment of $100. That may sound fine, but the problem with Grupo De Inversores Argentina (GIA) is that it’s not licensed and it has been flagged by the CNV, the main financial authority of Argentina. 

There Are Some Problems with Grupo De Inversores Argentina (GIA) 

It’s never a good idea to trust a broker that isn’t licensed, and especially one that has been flagged by a regulator. Once a broker has ended up on a regulator’s blacklist, there is no need to pursue it any further–instead, look for a regulated broker with a strong reputation. 

Red Flags that Grupo De Inversores Argentina (GIA) Could Be a Scam Broker

  • No license
  • Flagged by the CNV
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Grupo De Inversores Argentina (GIA) Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Grupo De Inversores Argentina (GIA), 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

XTR Review

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XTR

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Do You Want to Know If XTR is Legitimate or a Scam Broker? 

XTR has been flagged for a number of reasons. We couldn’t find evidence of licensing and there are many inconsistencies on its site. We don’t recommend trading with any broker that has no license or is not clear about its real location. Any legitimate broker should be transparent about who runs it and whether or not it’s regulated. 

There Are Some Problems with XTR 

When we visited XTR’s website, we couldn’t find any evidence of a license. There is even a tab on the website for the license category, and there was nothing on the page. On the web, we couldn’t find evidence that XTR is regulated. Also, there were inconsistencies about location. Although our sources indicate XTR is located in Hong Kong, the web content claims its headquarters are in London. Also, it claims to have signed up clients in 40 countries. However, if it does have a license, which isn’t apparent, it’s unlikely XTR is sufficiently regulated to legally trade on behalf of clients from 40 countries. 

Red Flags that XTR Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from XTR Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with XTR, 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.