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scam reviews 2023

BullGeko Broker Review

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BullGeko

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

When we see fake positive reviews for BullGeko, we have to say “Bull!” The person who wrote it–probably from the scam operation–has never been denied a withdrawal from this broker. Many people have. We see it right in the terms and conditions. BullGeko employs a dirty bait-and-switch tactic that involves offering a bonus and then getting customers to sign an agreement that they can’t withdraw any of their fake winnings until the phony trading software shows they’ve earned 30 times the original bonus. What a scam! 

There Are Some Problems with BullGeko

It isn’t surprising that BullGeko is a fraud. After all, it has no license at all. It doesn’t want to reveal much information, but BullGeko is located in the Marshall Islands, where many fake financial companies hide to get away from regulations. This is definitely not a reliable broker, and we recommend that you stay away. 

Red Flags that BullGeko Could Be a Scam Broker

  • No license
  • Won’t allow withdrawals
  • Exploitative and dishonest contract
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from BullGeko, Talk to Us

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

Olympus Markets Broker Review

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Olympus Markets

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

Olympus Market is proof that even though a broker has a license they can still be a scam. Olympus Markets has a license from Vanuatu, which doesn’t provide any oversight. It doesn’t take much to get this license. There is no auditing, not much paperwork, and once they give a license, they don’t check up on the licensees. One way we know that the license doesn’t matter is that Olympus Markets offers huge bonuses as a bribe when regulators don’t allow this. In fact, Olympus Markets has been flagged by the Italian regulator CONSOB as a potential scam broker. 

There Are Some Problems with Olympus Markets

The bonuses are just window dressing. The client never receives this money at all, because Olympus Markets don’t grant withdrawals. Of course, clients don’t know this when they sign up. One giveaway that this is a fake broker is the many unverified claims. For instance, the broker claims to be award-winning but doesn’t mention which award they won. Wouldn’t they want to show off this information? We don’t believe they won any awards at all. 

Red Flags that Olympus Markets Could Be a Scam Broker

  • Third-rate license
  • Flagged by CONSOB
  • No transparency
  • Illegal bonuses
  • Unverified statements
  • Bad reviews

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

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

e about how much money you can make on their platform. However, you won’t walk away with anything. In fact, you are likely to lose the principal. SagaTrade has been flagged by a dizzying array of global financial regulators, Including the FCA, FMA, CONSOB, CNMV, and FSMA. No broker that has this much negative attention from regulators can be a legitimate operation. SagaTrade has no license and has plenty of negative firsthand accounts from customers. 

There Are Some Problems with SagaTrade

We’ve read some pretty outrageous things about SagaTade. One customer said that they convinced them to install software that allowed them access to their computer. They also maintained absolute control over the client’s account and wouldn’t let them withdraw. They also demand a high minimum deposit, over five times the average. This is a sign they really want to steal money and not provide any trading services. 

Red Flags that SagaTrading Could Be a Scam Broker

  • No License
  • Flagged by FCA, FMA, CONSOB, CNMV, and FSMA
  • High minimum deposit
  • Aggressive and invasive practices
  • Denies withdrawals
  • Bad reviews

If You Need Fund Recovery from SagaTrading, Talk to Us

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

SagaTrade Broker Review

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SagaTrade

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

SagaTrade may talk a big game about how much money you can make on their platform. However, you won’t walk away with anything. In fact, you are likely to lose the principal. SagaTrade has been flagged by a dizzying array of global financial regulators, Including the FCA, FMA, CONSOB, CNMV, and FSMA. No broker that has this much negative attention from regulators can be a legitimate operation. SagaTrade has no license and has plenty of negative firsthand accounts from customers. 

There Are Some Problems with SagaTrade

We’ve read some pretty outrageous things about SagaTade. One customer said that they convinced them to install software that allowed them access to their computer. They also maintained absolute control over the client’s account and wouldn’t let them withdraw. They also demand a high minimum deposit, over five times the average. This is a sign they really want to steal money and not provide any trading services. 

Red Flags that SagaTrading Could Be a Scam Broker

  • No License
  • Flagged by FCA, FMA, CONSOB, CNMV, and FSMA
  • High minimum deposit
  • Aggressive and invasive practices
  • Denies withdrawals
  • Bad reviews

If You Need Fund Recovery from SagaTrading, Talk to Us

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

Prime Oakmont Review

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Prime Oakmont

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

Prime Oakmont sounds familiar to people who follow broker scams. It seems to be an old flagged trading fraud that changed its name only slightly. Many broker and crypto scams have a way of coming back, like Freddy or Jason in famous horror movies, but at least they try to adopt a completely different name. Prime Oakmont didn’t bother. It isn’t licensed and is located in Seychelles, where regulations are very lax. They have been flagged by regulators such as the OSC and the BCSC. In addition, many customers have complaints about Prime Oakmont. 

There Are Some Problems with Prime Oakmont

Prime Oakmont targets potential victims and really works on them. They call them and badger them night and day. Once people have deposited money, they keep hectoring them to deposit more. Prime Oakmont offers bonuses, which no regulator allows. They use a web-based platform to claim that customers make millions, but mysteriously, won’t let them withdraw the money. All of this of course is highly suspicious. Obviously, the trading is fake and so is the broker. 

Red Flags that Prime Oakmont Could Be a Scam Broker

  • Not licensed 
  • Flagged by OSC and BCSC
  • Aggressive tactics
  • High minimum fee and leverage
  • No transparency

If You Need Fund Recovery from Prime Oakmont, Talk to Us

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

MarketGuild Review

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MarketGuild

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

MarketGuild is the company behind Invest Think. However, this isn’t impressive. It’s actually a black mark against MarketGuild since Invest Think has been flagged by the OSC, Ontario Securities Commission, as an unlicensed and potentially fraudulent broker. Also, it seems to be a clone broker scam, which means it copies a regulated broker’s name with slight variations. 

There Are Some Problems with MarketGuild

Invest Think’s parent company, MarketGuild has many of its own problems. It has been flagged as a suspected fraud by the OSC and the FSMA, the main Belgian financial regulator. It’s based in the Marshall Islands, which is a haven for companies that want to get away with just about anything since regulations have no teeth there. Its minimum fee is a shocking $5,000–this is for a basic, not a gold or silver account. Also its web-based platform is unreliable. 

Red Flags that MarketGuild Could Be a Scam Broker

  • Clone Broker Scam
  • Flagged by OSC and FSMA
  • No license
  • Ridiculous minimum fee
  • No transparency
  • No contact info
  • Bad reviews

If You Need Fund Recovery from MarketGuild, Talk to Us

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

FXInvest Global Review

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FXInvest Global

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

FXInvest Global may sound familiar. There is a good reason for this. It’s a very general name. We see many scam brokers with the words “FX” “Global” and “Invest” in their names. There are other broker scams flagged by regulators that have the name made of the same words in a different order. However, this particular broker FXInvest Global has been flagged by the OSC–the Ontario Securities Commission. This is more than a fair indication that FXInvest Global is a broker scam. 

There Are Some Problems with  FXInvest Global

The OSC has warned the public not to trade with FXInvestGlobal because it’s offering trading services without a license. It’s never worth the risk to open an account with an unregulated broker. If a broker doesn’t have a license, there is no direct oversight or disciplinary action that can be taken if they steal your money. You can appeal to the authorities, but it’s much easier to track down a regulated broker. We also found not information about who runs FXInvest Globa. This isn’t a safe option. 

Red Flags that  FXInvest GlobalCould Be a Scam Broker

  • No license
  • Flagged by the OSC
  • No transparency
  • Possibly a clone broker
  • Bad reviews

If You Need Fund Recovery from FXInvest Global, Talk to Us

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

Global One Markets Review

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Global One Markets

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

If you’re looking for a real trading opportunity that will give you a return on your investment, don’t waste your time with Global One Markets. This broker has been flagged by the OSC–the Ontario Securities Commission. This should be taken seriously, since regulators don’t raise the alarm about brokers for no reason. The reason the OSC is concerned about Global One Markets is the broker is offering trading services without a license. 

There Are Some Problems with Global One Markets

We suspect that Global One Markets is trying to confuse prospective clients into thinking they are legitimate broker. They have adopted a similar name to a regulated broker. This could raise the suspicion that they may be a clone broker. Whether or not this is the case, it’s clear Global One Markets has no license and is on the radar of the financial authorities. We recommend giving this broker a miss and investing elsewhere. 

Red Flags that Global One Markets Could Be a Scam Broker

  • No license
  • Flagged by the OSC
  • No transparency
  • Possibly a clone broker
  • Bad reviews

If You Need Fund Recovery from Global One Markets, Talk to Us

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

Cryptics Review

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Cryptics

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

Cryptics is cryptic when it comes to revealing who they are. If you invest thousands, don’t you want to know who you are dealing with? Of course! However, Cryptics presumably doesn’t think this is important. There are no names behind Cryptics, but only a UK phone number. Also, they have no license. For this reason, the CNMV and FSMA have regulated Cryptics as a suspected scam broker. 

There Are Some Problems with Cryptics

Getting placed on the blacklist by regulators is very telling. We certainly wouldn’t trade with any broker that was blacklisted by regulators or didn’t have a license. In addition, Cryptics has a ridiculously high minimum deposit of $500. Yet it claims to offer pips as low as 0.1. This is certainly strange and we suspect they probably tack on more charges. For example, their inactivity fee claims 10% of the total amount in the client account! This is absurd and we’d stay away from Cryptics. 

Red Flags that Cryptics Could Be a Scam Broker

  • False claims about licensing
  • Fake guarantees
  • No transparency
  • Denies withdrawals
  • Bad reviews

If You Need Fund Recovery from Cryptics, Talk to Us

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

UpTrend Center Review

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UpTrend Center

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

UpTrend may have an attractive website, but beauty is only skin deep when it comes scam brokers. The web content doesn’t sound like it’s written by people who truly understand trading or care about using effective English. These observations aren’t enough, however, to consider UpTrend center a scam. The problem is that UpTrend is not upfront about who is running it. Also, and most importantly, it has no license. 

There Are Some Problems with UpTrend Center

We couldn’t find any information about the company that runs UpTrend Center. Apparently, it’s run by an anonymous organization located offshore so it can avoid regulation. We don’t recommend that you open an account with any broker that doesn’t have a license. Added to this huge problem, UpTrend has higher than average deposits, and higher leverage that can be dangerous for traders. It mentions withdrawal fees, but it doesn’t get specific on how high these are. We can’t recommend this broker, because of its many, many issues. 

Red Flags that UpTrend Center Could Be a Scam Broker

  • No license
  • Higher than-average deposit minimums and leverage
  • No information about fees
  • No transparency
  • Denies withdrawals
  • Bad reviews

If You Need Fund Recovery from UpTrend Center, Talk to Us

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

Adar Capital Review

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Adar Capital

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  • Website: Adar Capital
  • Regulation: N/A
  • Location: N/A
  • Caution Investors: Adar Capital – Concerning the registration of the issuance, offer, or sale of securities/derivatives, as well as the associated reporting obligations

Overview of Adar Capital

Adar Capital is an unregulated investment platform. The problem with unregulated investment platforms is that they are not reliable and abuse regulations. Make sure to stay away from them as they are anonymous, and they can disappear at any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection.

Regulation and Compliance of Adar Capital

Adar Capital is unregulated and most likely illegal, which ultimately means that your funds will be in danger if you deposit. So, yet again, there is another reason to stay away from Adar Capital.

As there is no regulation, the people running the platform can pocket your money without bearing any responsibility for their criminal actions. They can disappear anytime without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirements that vary by country and may also depend on the product specification, business classification, and so on.

To make sure you are dealing with a regulated and known investment platform, you should be able to find easily who the CEO of this investment firm is, who is running it, etc. Lack of information is a big red flag since you don’t know who will be dealing with your money. This is the reason why they are dangerous to deal with.

On top of that, once you click and provide them with your email and contact number, they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most scammers are experienced manipulators, and before you know it, they’ll ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information, as there is also a chance to become a victim of identity theft, experiencing many more problems consequently.

Adar Capital Customer Reviews

Depending on the amount of experience people have with investment platforms, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of you may not be aware that a problem is problematic before you already sign up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding.

– Not regulated

– High fees and commissions

– Not enough information on the website

– Poor communication and refusal to answer questions

– Pushy manner

– Keeps mentioning rules and fees that were not outlined in the contract

– Does not let you withdraw money from your account

Products and Services Offered By Adar Capital

Adar Capital is not safe, and we say so because it’s an unregulated investment platform. These schemes are never secure. They always promise things they won’t deliver, and Adar Capital makes no exception. They claim that customers can earn big money, which is a scam offer from any viewpoint. Such promises are ludicrous, and they show that Adar Capital is a suspected scam you should avoid. Beware!

Adar Capital Customer Support

Adar Capital allows you to contact them through telephone contact and email. They do not provide any location. There is no certainty in the contact information available. However, fraudsters cut off communications upon receiving your money. It is impossible to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.

Are Funds Safe with Adar Capital?

With such a lack of information and Adar Capital being unregulated, funds are not safe. The security of funds is a huge problem with unregulated investment platforms. A red flag that we noticed is that they are withholding vital information from users. They could go bankrupt from one day to another since there is no banking information about them.

They do not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk, but your data may fall into the wrong hands, attracting criminal activities during the registration process.

The point at which many of our clients realize they are dealing with scam brokers is when they request to withdraw all funds, and the broker either won’t allow them or will make it difficult. They may employ the following tactics:

– Aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they holds the client’s funds.

– Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing.

– Cease communication. They may be evasive or simply not communicate at all.

If Adar Capital is doing any of these things to avoid releasing your funds, contact our experts today.

Conclusion

Adar Capital is an unregulated platform to avoid. Their investment method is unreliable. Unregulated investment scams, in particular, are usually operated anonymously. Sooner or later, the service will inevitably close. They usually target traders and investors with little or no experience by promising fictitious investment opportunities. You’d better stay far away from unregulated entities and trade with regulated platforms only.

There are also insolvency protections that unregulated platforms do not have access to if they go bust.

Platforms that are not registered with or regulated by a regulatory organization are considered unregulated. Because they are not subject to any laws or restrictions imposed by financial regulatory organizations, they are free to trade as they see fit. Choosing unlicensed platforms comes with its own set of disadvantages.

If you have been scammed, leave a comment, or if you wish to arrange a free consultation, feel free to submit your complaint by clicking the button below.