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scam reviews 2023

Teknos Limited Broker Review

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Teknos Limited

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

Teknos Limited seems like a broker that offers reasonable trading. The problem with its site, though, is what it doesn’t say. In spite of promises of low spreads and secure, segregated funds, we don’t see anything about licensing or the names of the people who run this brokerage. This can’t be a good sign. We did further investigation and realized that Teknos Limited is indeed an unregulated broker. 

There Are Some Problems with Teknos Limited

If a broker offers reasonable spreads and a solid MetaTrader 5 trading platform, what’s the problem if it doesn’t have a license? Actually, it’s a big problem. It means that there is nothing stopping a broker from charging whatever they feel like, refusing withdrawals or suddenly closing an account. A license means oversight and security. No matter how good a broker looks upfront, it isn’t worth the risk of trading without a license. 

Red Flags that Teknos Limited Could Be a Scam Broker

  • No license
  • No transparency
  • High leverage
  • Misleading statements
  • Verified customer complaints

If You Need Fund Recovery from Teknos 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 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

Palmer Finance Company Broker Review

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Palmer Finance Company

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Do You Want to Know If Palmer Finance Company Is Legitimate or a Scam Broker? 

Palmer Finance’s website is meant to attract people looking for a holiday bonus. It doesn’t matter which holiday. It seems that Palmer Finance Company promises bonuses all year round. What could be wrong with this? Regulated brokers won’t offer bonuses. The idea is the customer will get a bonus in exchange for not withdrawing their money for a length of time. In many cases, they never get to withdraw their money. Added to this, Palmer Finance encourages its customers to deposit tens of thousands of dollars to get basic features.

There Are Some Problems with Palmer Finance Company

Palmer Finance Company says it’s located in England and has a business license. However, it has no brokerage license, as required, by the FCA. This must be why Palmer Finance Company offers dangerously high leverage and tricky bonuses we’d never see with a licensed broker. WE recommend staying away from this broker. 

Red Flags that NovaTech Could Be a Scam Broker

  • No license
  • Tricky bonuses
  • Dangerous leverage
  • Misleading statements
  • Verified customer complaints

If You Need Fund Recovery from Palmer Finance 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 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

NovaTech Broker Review

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NovaTech

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

Few brokers have an entire Facebook page for people who feel they’ve been ripped off by them. However, not everyone or every company that gets criticism on social media deserves it. Is NovaTech really that bad? First of all, there seems to be more than one version of NovaTech. One was called NovaTech FX. It seems that there are many critics of this broker too. 

There Are Some Problems with NovaTech

NovaTech offers MetaTrader 5 and mentions the names of the CEO and the people behind it. That’s a lot more transparency than we usually see from suspected scam brokers. However, we couldn’t find any information about licensing, which is important. Also, we’ve been tipped off that NovaTech is actually an MLM. This means they’ll try to get you to recruit your friends and family to trade with them and most likely don’t offer any trading. 

Red Flags that NovaTech Could Be a Scam Broker

  • No license
  • Bad press about this broker
  • Suspected MLM
  • Misleading statements
  • Verified customer complaints

If You Need Fund Recovery from NovaTech, 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.