Day: April 5, 2023

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scam reviews 2023

Activ4X Broker Review

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Activ4X

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Do You Want to Know If Activ4X Is Legitimate or a Scam Broker? 

Activ4X claims to have a lot of licenses and awards. However, our clients tell a very different story about Activ4X. This isn’t a legitimate broker. Not only does it not have a license, but the FCA has warned the public about this broker. They aren’t straightforward about licensing, contact information, or the names of people who run it. They claim to have won awards, but we checked several of these, and this information isn’t correct. 

There Are Some Problems with Activ4X

Activ4X claims to offer the “world’s best” trading platform and says this is WebTrader. The best one is MetaTrader. Web-based platforms, on the other hand, are often used by scam brokers to create fake trading data. Also troubling was the terms and conditions page. Its emphasis was on protecting the company. In screaming all-caps, it says the company isn’t responsible for anything at all. It was strange they listed theft–are they saying they aren’t responsible if they rob the client? 

Red Flags that Activ4X Could Be a Scam Broker

  • No license
  • Flagged by the FCA
  • Poor web platform
  • Strange terms and conditions
  • Lack of transparency
  • Verified customer complaints

If You Need Fund Recovery from Activ4X, 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

Trade Union Trust Broker Review

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Trade Union Trust

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Do You Want to Know If Trade Union Trust Is Legitimate or a Scam Broker? 

When our clients complained about Trade Union Trust, we wondered why a broker specializing in crypto would adopt a name like this. Isn’t the function of a trade union the protection of workers’ rights? What does this have to do with trading? The name of the broker isn’t the only awkward word usage. The website looks like a 1980s-era video game, and headings are written in All Caps. Not only is the language awkward it’s misleading. Customers are told that after they make a deposit, they have to “replenish” this account. This means they are already telling us they will demand more money. At least they warned us. 

There Are Some Problems with Trade Union Trust

Visitors to the site are invited to become “professional” traders. The idea is to grow one’s investment, not to quit one’s day job. It’s clear that this broker pressures people to handle deposits and withdrawals in cryptocurrency–that will allow them to maintain their anonymity and make off with funds. On the question of regulation, the broker has a page describing several regulators. They are trying to lead people to believe they have these licenses, but there is no proof of a license. 

Red Flags that Trade Union Trust Could Be a Scam Broker

  • No licensing information
  • Misleading statements
  • Huge fees
  • No transparency
  • Verified customer complaints

If You Need Fund Recovery from NeutralityCryptoHub, 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

TopAssetsPip Broker Review

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TopAssetsPip

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

TopAssetsPip may have a nice website and say it’s a multi-regulated broker. It’s design is nice, but its information is wrong. TopAssetsPip claims to have licenses from the FCA, ASIC and FSCA, but in reality, it has none of these licenses. It’s been flagged by the FCA. We can also assume that its platform isn’t really “award-winning” as it claims. We found that a similar-sounding company–Top Assist Capital won the awards it claims to have won. TopAssetsPip also claims to have a low minimum deposit, but $500 is 5 times the average minimum deposit for brokers. 

There Are Some Problems with TopAssetsPip

There are even more problems with TopAssetsPip. Its information about commissions and pips is contradictory. First, it claims to have 0 commissions and then it says its minimum commission is $3. There are categories on the site for legal agreements and FAQ, but they weren’t accessible. There are way too many red flags with TopAssetsPip. Stay away. 

Red Flags that TopAssetsPip Could Be a Scam Broker

  • Outright untruths about licensing
  • Contradictory and misleading statements
  • High minimum deposit
  • No transparency
  • Verified customer complaints

If You Need Fund Recovery from TopAssetsPip, 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

FXLift Broker Review

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FXLift

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

FXLift is a broker we’ve heard about from customer complaints. Right away, we see signs that FXLift is most likely a scam. It says it’s located in Bermuda, and it is licensed by CySec, but there are no names or credentials of the people who run it. Leverage is as high as 1:1,000 which is extremely dangerous. Overly high leverage can multiply losses and get traders to trade on the margin, which puts them in the broker’s debt. Also, bonuses of 100% are absurdly high–especially considering that regulators have forbidden these kinds of bonuses. They are always tricks. 

There Are Some Problems with FXLift

It could be the case that FXLift has a CySec license, but it is violating the standards CySEc maintains. Most reliable regulators don’t allow leverage of 1:1,000 or huge bonuses. This license is so puzzling that we suspect that this version of FXLift may be a clone broker–a broker that has adopted a name similar to a regulated broker to fool people into thinking it’s legitimate. The website of the suspicious FXLift broker is here. 

Red Flags that FXLift Could Be a Scam Broker

  • Shuts down accounts without returning deposits
  • Demands sensitive information
  • Lack of transparency
  • Verified customer complaints

If You Need Fund Recovery from FXLift, 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