Day: January 4, 2023

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scam reviews 2023

 5Markets Review

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5Markets

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Do You Want to Know If 5Markets Is Legitimate or a Scam Broker? 

5Markets–we don’t know which 5 markets they are talking about–isn’t even licensed to offer brokerage services in one market. 5Markets has no license at all. They claim they are licensed by St. Vincent and the Grenadines, which is a safe haven for scam brokers. They offer people a fake certificate that doesn’t mean anything at all. This doesn’t entitle them to operate as brokers and manage people’s money. In addition, 5Markets has been flagged by the SFC and the BCSC–major regulators who have said this broker is a scam. 

There Are Some Problems with 5Markets

5Markets offers undesirable trading conditions. First of all, it doesn’t offer the industry-standard MetaTrader 4 or 5. Its own web based platform is unsatisfactory. Also, its minimum deposit is very  high, so are the pips, and this broker charges you many fees, including a high withdrawal fee. There is no way this broker is regulated–it breaks so many rules its almost unbelievable. Stay away from 5Markets.

Red Flags that 5Markets Could Be a Scam Broker

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

If You Need Fund Recovery from 5Markets, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with 5Markets 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 2023

 Trade Alliance LP Review

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Trade Alliance LP

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Do You Want to Know If Trade Alliance LP Is Legitimate or a Scam Broker? 

Trade Alliance LP seems like a real broker. Its site looks professionally designed and it provides legal documentation. Trade Alliance LP also seems to be regulated–at first glance. However, we took a closer look and realized that there are some dangerous games going on with Trade Alliance LP. They claim to be run by a licensed company, but don’t prove that this is the case or that it is regulated by the FCA. 

There Are Some Problems with Trade Alliance LP

There is one clue that Trade Alliance  LP isn’t regulated at all–it offers bonuses and high leverages that aren’t permitted to EU or FCA regulated brokers. Its leverage is 1.500 which is dangerously high. This level of leverage is intended to cause clients to become indebted to the broker and justify their refusal to grant withdrawals. The deposit of $250 is much higher than competitors. Also, it accepts deposits only in cryptocurrency, which isn’t a good sign either. 

Red Flags that Trade Alliance LP Could Be a Scam Broker

  • No license
  • Dangerously high leverage
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Trade Alliance LP, 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 Alliance LP 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 report

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scam reviews 2023

 Prime Coin Invest Review

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Prime Coin Invest

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Want to Trade with Prime Coin Invest? Read This First!

PrimeCoin is the name of a cryptocurrency produced from math problems solving prime numbers. However, this review isn’t about PrimeCoin the currency, but PrimeCoin the broker. Perhaps one of the reasons this broker adopted this name was to make people think of the cryptocurrency. However, in its own right, Prime Coin has many issues that can cause concern. First, it isn’t regulated by any reliable organization. Second, it has been the subject of a warning by the Financial Conduct Authority or FCA. It has been signing up UK customers (and probably others too) without a license. 

Is Prime Coin a Scam or Legitimate? 

Prime Coin doesn’t offer cutting edge trading software as it claims. It has its own Web-based platform rather than MetaTrader 4 or 5. In addition, Its pips are very high at 3. Anything over 1.5 is considered excessive. Deposits are very high at $250–the usual amount is less than half. Also, Prime Coin offers terribly high fees when customers want to withdraw their money. They also offer fake bonuses, but only when customers have made a certain number of trades. When it comes to signs of scam brokers, Prime Coin checks off every box. 

We Found Problems with Prime Coin: 

  • Not regulated
  • Flagged by the FCA
  • Negative reviews
  • No transparency. 
  • No contact information

What You Should Do If You Have an Account with Prime Coin? 

You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact Broker Complaint Registry experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

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scam reviews 2023

 DiamondFX Review

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DiamondFX

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

DiamondFX claims to be a reliable broker, but it has no license, provides no details about who runs it and seems dodgy. It’s located in St. Vincent and the Grenadines, a place many fake financial companies go if they lack licenses. Brokers located here provide very little oversight and their customers don’t enjoy the same protection they would if they signed up with a regulated broker. 

There Are Some Problems with DiamondFX

DiamondFX offers a leverage as high as 1:500, which is unsafe for traders. Basically they encourage clients to trade on the margin, which can put them at risk of listing their money. DiamondFX claims to offer the MetaTrader 4 platform, but there is no evidence of this. We can’t see terms and conditions or any names and credentials about the people who run DiamondFX. We don’t recommend opening an account with this broker. Close your account and demand your money back. 

Red Flags that DiamondFX Could Be a Scam Broker

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

If You Need Fund Recovery from DiamondFX,Talk to Us

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

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scam reviews 2023

 LibraPros Review

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LibraPros

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Want to Trade with LibraPros Invest? Read This First!

We have heard a lot of things about LibraPros Invest, but none of it’s good. This broker has been flagged by multiple regulators. Most recently, the OSC or the Ontario Securities Commission has called out this broker for signing up clients without a license. In every country, a broker needs a license to offer financial services. Without a license, these brokers are flouting regulations and are depriving customers of the kind of oversight that will protect them. 

Is LibraPros a Scam or Legitimate? 

It doesn’t seem that LibraPros is legitimate. So many regulators have raised the alarm about them. In addition, our customers have complained about this broker. We couldn’t find any names of the people who run LibraPros. They don’t provide transparency or any information about their credentials. We don’t think there is any reason to trust LibraPros and recommend you seek a licensed broker for trading. 

We Found Problems with LibraPros: 

  • Not regulated
  • Negative reviews
  • No transparency. 
  • No contact information

What You Should Do If You Have an Account with LibraPros? 

You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact Broker Complaint Registry experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

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scam reviews 2023

 Alpha Invest Review

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Alpha Invest

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Do You Want to Know If Alpha Invest Is Legitimate or a Scam Broker? 

Alpha Invest is a broker that is highly suspicious. It seems to be a clone of a licensed broker with a similar name. There are other suspected scams that are called Alpha Investment rather than Alpha Invest. We suspect that they are all trying to clone the legitimate Alpha company and are trying to lure their customers into depositing money with them instead. This is called a clone broker scam, and they are very common. 

There Are Some Problems with Alpha Invest

People may think they are depositing money with a licensed broker, but instead, their cash is going right into the pockets of the scam brokers. These sites have all the hallmarks of crypto scams. They won’t reveal the names of the people who run it or show proof of licensing. They will make extravagant claims about the kind of returns you’ll receive. Don’t believe any of these promises. Don’t trust Alpha Invest. 

Red Flags that Alpha Invest Could Be a Scam Broker

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

If You Need Fund Recovery from Alpha Invest,Talk to Us

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

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scam reviews 2023

Bullden Review

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Bullden

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

Bullden’s site looks professional, and at first glance there doesn’t seem to be anything wrong with this broker, but our clients say otherwise. We suspect this broker because our clients say they can’t access their accounts. In addition, Bullden has been flagged by FSMA, the Belgian financial regulator. These are enough reasons to avoid this broker. 

There Are Some Problems with Bullden

When it comes to other things, such as a variety of trading products, minimum deposit, leverage and other issues, Bullden seems like a real broker. However, it has no license, is in trouble with regulators and has sub-par trading software. Their version of Webtrader leaves a lot to be desired and it certainly isn’t the caliber of MetaTrader. At the end of the day, it doesn’t matter what kind of software a broker uses. Any flagged broker should be avoided. 

Red Flags that Bullden Could Be a Scam Broker

  • No license
  • Flagged by FSMA
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Bullden,Talk to Us

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

Categories
scam reviews 2023

Pedia Invest Review

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Pedia Invest

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Do You Want to Know If Pedia Invest Is Legitimate or a Scam Broker? 

Pedia Invest isn’t a well-known broker. We found out about it because our clients signed up with Pedia Invest and haven’t been able to withdraw their money. It doesn’t have a license and it offers automated software that might not be genuine. We see many of these unlicensed brokers that offer proprietary software that turns out to be fake or designed just to siphon off data or money from clients. 

There Are Some Problems with Pedia Invest

Pedia Invest is a strange name. We suspect it’s trying to get people confused with Investopedia, the Wikipedia of investing. That way, when people do a search for Pedia Invest, they are taken to a reliable website, Investopedia, although what Pedia Invest is offering is a scam. We are currently investigating this unregulated broker and want to warn the public to avoid opening an account with them. 

Red Flags that Pedia Invest Could Be a Scam Broker

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

If You Need Fund Recovery from Capitalix,Talk to Us

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