Day: April 24, 2023

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scam reviews 2023

CoinCarpPro Broker Review

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CoinCarpPro

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

What if someone took your name and started committing fraud and other crimes, making it appear that you are the culprit. That would be pretty awful, and it happens all time to regulated brokers and legitimate financial services. CoinCarp has been the target of some negative reviews, but the service itself seems legitimate. However, CoinCarpPro is what’s known as a clone broker scam. It’s apparently committing fraud in the name of CoinCarp. 

There Are Some Problems with CoinCarpPro

. CoinCarp is an unusual name. It isn’t often that a cryptocurrency service is named after a kind of fish. A scammer has used this distinctive name to create a knock-off brand that was created solely to take money from consumers. The scam site doesn’t provide any transparency or licensing information. That’s a reason to suspect a clone broker. If a brand is well-known, it would have more info on its site. 

CoinCarpPro 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
  • Suspected clone broker
  • No transparency
  • Verified customer complaints. 

If You Need Fund Recovery from CoinCarpPro, 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

BitChain Broker Review

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BitChain

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

BitChain is one of those brokers that only really appear dodgy when you read the fine print. The site seems pretty typical, and it isn’t much outrageous about it. However, we also don’t find useful information, such as whether or not the broker is licensed and the names of the people who run it. However, when we looked at the documents, we found out what’s really going on with BitChain. 

There Are Some Problems with BitChain

What we found in the fine print was a mess of fees and charges. Many brokers don’t charge for withdrawals and deposits. However, BitChain’s fees are huge. Inactivity fees, which are often normal, are 10% per month. This can be a significant amount of money if the broker stymies the customer so they can’t withdraw their money. We find out how they do this. BitChain offers bonuses that the customer may not be able to withdraw. This is why regulators don’t allow bonuses. 

BitChain 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
  • High fees
  • Bonuses that hamper withdrawals
  • No transparency
  • Verified customer complaints. 

If You Need Fund Recovery from BitChain, 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 News Trade Broker Review

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Global News Trade

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

Global News Trade seems at first like it’s a news site, but then it tells us it’s a broker. It doesn’t seem to be doing either job effectively. All we see on the website are promises that people will make money, but there is no information about licensing, who runs the broker, trading conditions, or really anything else we need to know before opening a trading account. Added to that, its web design looks at least 20 years out of date and seems like a retro idea of sci-fi. 

There Are Some Problems with Global News Trade

Global News doesn’t offer us any reason to trust them. There is no actual information on the site. In addition, we’ve received complaints about this broker from our customers. We can’t say much more about Global News Trade except that you should stay away and research a regulated broker who can offer actual trading opportunities. 

Global News Trade Was Flagged for the Following:

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

  • No license
  • Misleading statements
  • Poor web design and content
  • No transparency
  • Verified customer complaints. 

If You Need Fund Recovery from Global News 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.

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scam reviews 2023

Wise4X Broker Review

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Wise4X

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Do You Want to Know If Wise4X Is Legitimate or a Scam Broker? 

Wise4X is a broker that claims to offer reliable trading and a powerful trading app. However, we found that many of these claims aren’t true. Wise4X says it has licenses from FCA, CySec, and BaFinn from the UK, Cyprus, and Germany respectively. However, we’ve found that they don’t have any of these licenses. Perhaps they feel they can just claim anything. We know they aren’t regulated, because they don’t offer required features in the EU such as negative balance protection and segregated accounts. 

There Are Some Problems with Wise4X

Wise4X makes trading risky for its customers. Not only does it lack a license, but it encourages customers to trade with leverage as high as 1:500 which can create devastating losses. We also couldn’t find the names of the people who run this broker. There isn’t a reason to trust this broker. 

Wise4X 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
  • Dangerously high leverage
  • Verified customer complaints. 

If You Need Fund Recovery from Wise4X, 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.