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

Algorithm Trade makes it clear that customers can make money from highly risky assets like cryptocurrency. The problem with this is it isn’t entirely true. Sure, some people can make some money on cryptocurrency after trial and error, but the majority of novice investors lose money. It’s clear that Algorithm Trade isn’t trying to inform traders or even to help them make money. For instance, on their FAQs, they define Algorithm Trade as “a trade-investment company designed to help investors who have no knowledge of trading to make extra profit in the market.” This doesn’t say anything at all, but it shows a motive to target new investors. 

There Are Some Problems with Algorithm Trade

There are other signs that Algorithm Trade is problematic. They guarantee a daily, weekly, and monthly profit when there is no way a broker can make such promises. They claim to have won awards but don’t show any proof of it. Algorithm Trade has a UK address and yet doesn’t have an FCA license. In fact, they don’t seem to have any license at all. 

Algorithm Trade Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• Falsely guarantees returns. 
• No transparency
• No terms and conditions
• Verified customer complaints. 

If You Need Fund Recovery from Algorithm Trade, 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.

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

CloudMiningFX is one of the few bitcoin mining and crypto brokers who show you actual pictures and names of their team. They also say they have more than 30 years of experience. Since the crypto sector has only been around since 2008, we’re not sure how they can have 30 years of experience in crypto mining. This may mean combined experience but they don’t say so. In any case, there are more worrying issues with CloudMiningFX.

There Are Some Problems with CloudMiningFX

They promise “low risk,” but there is no such thing in the high-risk crypto sector. Also, they promise a set ROI based on account type. No broker or crypto mining service can guarantee an ROI. Additionally, CloudMiningFX has been flagged by The Financial Commission as a suspected scam. In addition, CySEC, the financial regulator in Cyprus has warned the public that CloudMiningFX is falsely claiming it’s regulated by CySEC. This is a good reason to avoid CloudMiningFX. 

CloudMiningFX Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• False claims of licensing
• Flagged by The Financial Commission
• Flagged by CySEC
• No transparency
• Tries to guarantee ROI
• Verified customer complaints. 

If You Need Fund Recovery from CloudMiningFX, 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.

Do You Want to Know If Vintage Apex Trade Is Legitimate or a Scam Broker? 

Vintage Apex Trade tells visitors to its site to “Trade Bitcoin Today” and they promise “The Perfect Solutions.” However, these “solutions” seem far from perfect. On the contrary, The Financial Commission has flagged Vintage Apex Trade as a suspected scam. They have investigated this broker and have flagged it as a potential fraud that is taking money from its customers. We certainly don’t see any reason to doubt this. Vintage Apex Trade doesn’t provide any information that gives us a reason to trust this broker. 

There Are Some Problems with Vintage Apex Trade

Vintage Apex Trade apparently has no license–or it has provided no information about licensing. There are also no names or images of the people who run this broker. When we tried to find the terms and conditions for Vintage Apex Trade, they didn’t provide any, although they have this category on their site. The minimum deposit is insanely high at $300. They may want to make sure people deposit money, but they may not be able to withdraw it. 

Vintage Apex Trade Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• Flagged by The Financial Commission
• No transparency
• Very high minimum
• No terms and conditions
• Verified customer complaints. 

If You Need Fund Recovery from Vintage Apex Trade, 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.

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

CoinExchange offers trading of various trading instruments, including binary options, which are extremely risky. Unlike some of the brokers we’ve investigated as possibly fraudulent, they do release identities and photos of their team, but this information hasn’t been verified. The site seems fairly straightforward and there is an extensive FAQ section. However,  we don’t see any information about licensing. This is a serious problem. Also, we have some detailed and verified complaints about CoinExchange. 

There Are Some Problems with CoinExchange

It’s strange that CoinExchange goes through the effort of filling its website with information, has profiles of its team and yet doesn’t give any licensing information. We can suppose they don’t have a license at all. Our complaints from verified customers are pretty severe. They claim that transactions are fake and even that their account was tampered with. Even if half of the complaints we have heard are true, it’s still a reason to stay away. 

CoinExchange Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• Low website trust rating
• Verified customer complaints. 

If You Need Fund Recovery from  CoinExchange, 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.

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

FXAutomated Trade is a website that claims to offer trading of cryptocurrency trading and mining. It seems like a typical broker’s website, except that we have to admit i leaves alot to be desired regarding information. Clicking through the site, we still have no idea who runs this brokerage, whether they have a license, trading conditions, or other important information. Without this data, investors can’t make intelligent decisions about trading. 

There Are Some Problems with FXAutomatedTrade

We wonder why would anyone want to trade with a broker if they don’t disclose who they are or whether they have a license. Also, if we trust people with our money, we want to know who they are. We have received complaints firsthand about this broker, and don’t recommend opening an account with them. 

FXAutomatedTrade Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• No transparency
• Low website trust rating
• Verified customer complaints. 

If You Need Fund Recovery from FXAutomated Trade, 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.

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

SFX Promarkets is a broker whose site tells us absolutely nothing about them or their licensing. Their pop-ups are extremely intrusive and are a sign of aggressive marketing. Many signs have pop-ups, but there is no way to minimize them. This, however, isn’t the biggest problem. The main issue is that SFX ProMarkets has a very low website trust rating because of negative reviews and other problems with the site. 

There Are Some Problems with SFX ProMarkets

People want to make money trading. However, it’s amazing how few investigate who the broker is–the names and credentials of the people behind the broker as well as licensing information. You need all of this information before opening an account and taking a risk with your money. It’s important to demand this information and sign up only with brokers that are licensed. 

SFX ProMarkets Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• Misleading statements
• No transparency
• Verified customer complaints. 

If You Need Fund Recovery from SFX ProMarkets, 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.

Do You Want to Know If Hugo’s Way Is Legitimate or a Scam?

Hugo’s Way may seem like a legitimate broker. It was started in 2018 and offers a wide variety of trading products such as cryptocurrency, stocks, and forex. Hugo’s way warns visitors about the risks of trading and says it has its client accounts segregated from that belonging to the broker, but that is just basic financial ethics, and not necessarily something to highlight. Also, it is contradictory when taking with its 1:500 leverage, which can be risky to traders. 

We Have Found Some Problems with Hugo’s Way

Hugo’s Way has a license so it must be okay, right?  Not necessarily. This license is from St. Vincent of the Grenadines, which provides almost no oversight for brokers and clients. Almost any type of broker can get a license from this regulator. Even if Hugo’s Way does provide some services to clients, they are not going to be protected from a third-rate regulator. 

Red Flags that Hugo’s Way Could Be a Scam 

• No license
• Inflated claims
• No transparency
• No contact information
• Bad reviews

If You Need Fund Recovery from Hugo’s Way, Talk to Us

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

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

Imagine opening an account and being accused of a crime? That happened to someone who tried to trade with Loboex. First of all, we noticed that this broker has no license or information about the people who run it. This lack of transparency is already suspicious. In addition, we have been informed that Loboex is closing client accounts and claiming they suspect these people of money laundering. Why would someone launder money with a broker or a crypto platform? The accusation makes no sense. 

There Are Some Problems with LoboEx

The person who made this complaint said that they had $600,000 locked down on suspicion of money laundering. This suspicion was bogus–they could verify the money came from their 401(k). This is a lame excuse and is probably pure projection. Many scam brokers are themselves committing money laundering. To lock down client funds on this flimsy excuse takes the cake. 

LoboEx Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• Misleading statements
• Locks down customer accounts 
• Doesn’t allow withdrawals
• Verified customer complaints. 

If You Need Fund Recovery from LoboEx, 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.

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

TrendinGap is a broker that may seem fine, but actually, it isn’t. Its website may seem okay, but it provides no information about who they are or licensing. Their address is in the United Kingdom, however, they don’t show any license from the FCA, which is required for all financial services based in the United Kingdom. In addition, there are a number of verified negative reviews about this broker. 

There Are Some Problems with TrendinGap

Our customers have told us directly that they have had problems with TrendinGap. Not having a license makes clients vulnerable to being taken advantage of. Having a license means that brokers have accountability and have to abide by certain principles, such as segregated accounts and reasonable leverage. This broker is not safe. 

TrendinGap Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• No transparency
• Misleading statement
• Verified customer complaints. 

If You Need Fund Recovery from TrendinGap, 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.

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

PocketOption may seem okay, but don’t be fooled. This broker has no license, although they work hard to try to get people to sign up as soon as possible. A sign of this aggressive tactic is constant pop ups that can’t be avoided on every page. This is the least of the problems, though. The main issue is that they have no license whatsoever and the FCA has issued a warning about them. 

There Are Some Problems with PocketOption

PocketOption has no information that would encourage us to trust them. They don’t reveal the names of the people who run it, it says nothing specific about its trading platform and conditions and there is no contact information. In addition, they offer options, which are extremely risky and not allowed in some countries. However, they allow anyone to sign up and don’t ask what country they are from. This is clearly dodgy. 

PocketOption Was Flagged for Any of the Following:

The following are common reasons brokers get flagged by regulators or identified by customers as scams

• No license
• No transparency
• Aggressive marketing
• Doesn’t seem to follow trading restrictions
• Verified customer complaints. 

If You Need Fund Recovery from PocketOption, 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.