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scam reviews 2023

QM Capital Partners – Broker Review

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QM Capital Partners

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The United Kingdom’s Financial Conduct Authority has issued a warning against QM Capital Partners in August 2023

If you are looking for a reliable and trustworthy broker to invest your money with, you might have come across QM Capital Partners. They claim to offer a wide range of trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. They also promise to provide low spreads, fast execution, high leverage, and excellent customer support. But are they really what they say they are? Or are they just another scam broker that will rip you off?

In this review, we will examine QM Capital Partners in detail and see if they are a legitimate broker or not. We will look at their background, regulation, trading platforms, account types, fees, customer service, and more. We will also compare them with some of the best brokers in the industry and see how they stack up. By the end of this review, you will have a clear idea of whether QM Capital Partners is a broker you can trust or not.

Background and Regulation

QM Capital Partners is a brand name of QM Capital Limited, a company registered in St. Vincent and the Grenadines with registration number 25987 BC 2020. The company claims to have offices in London, Dubai, Hong Kong, and Singapore, but does not provide any physical addresses or phone numbers on its website. The website also does not mention any regulatory authority that oversees or licenses QM Capital Partners.

This is a major red flag, as it means that QM Capital Partners is an unregulated broker that operates without any oversight or accountability. Unregulated brokers are very risky to deal with, as they can manipulate prices, cancel trades, withhold withdrawals, or even disappear with your money without any consequences. There is no guarantee that your funds are safe or segregated with QM Capital Partners, and you have no recourse if anything goes wrong.

Therefore, we strongly advise you to avoid unregulated brokers like QM Capital Partners and only trade with brokers that are licensed and regulated by reputable authorities, such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, or the Australian Securities and Investments Commission (ASIC) in Australia. These regulators ensure that brokers comply with strict rules and standards to protect investors and maintain fair and transparent markets. They also require brokers to keep client funds in segregated accounts, participate in compensation schemes, and submit regular reports and audits.

What to Do If You’ve Lost Money with QM Capital Partners?

If you have been scammed by QM Capital Partners or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

Insolvency Practitioners 4 U – Broker Review

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Insolvency Practitioners 4 U

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The United Kingdom’s Financial Conduct Authority has issued a warning against Insolvency Practitioners 4 U in August 2023

If you are looking for a broker to help you with your insolvency issues, you may have come across Insolvency Practitioners 4 U. They claim to be a leading provider of insolvency solutions, offering a range of services such as liquidation, administration, company voluntary arrangement, and more. But are they a scam? How can you trust them with your financial situation?

In this blog post, we will review Insolvency Practitioners 4 U and see if they are a legitimate and reliable broker. We will look at their background, reputation, fees, services, and customer reviews. We will also give you some tips on how to avoid scams and find the best broker for your needs.

Background and reputation

Insolvency Practitioners 4 U is a trading name of IP4U Limited, a company registered in England and Wales with the number 11849669. According to their website, they have over 20 years of experience in the insolvency industry and have helped thousands of clients across the UK. They also claim to be regulated by the Insolvency Practitioners Association (IPA), which is one of the recognised professional bodies for insolvency practitioners in the UK.

However, a quick search on the IPA website reveals that IP4U Limited is not listed as a member firm. This means that they are not authorised by the IPA to act as insolvency practitioners and do not follow their code of ethics and standards. This is a major red flag and raises doubts about their credibility and competence.

Fees and services

Insolvency Practitioners 4 U offer a free initial consultation to assess your situation and advise you on the best course of action. They also claim to have low fees and flexible payment plans to suit your budget. However, they do not disclose their fees on their website, which makes it hard to compare them with other brokers. They also do not provide any details on their terms and conditions, which may contain hidden charges or clauses.

Insolvency Practitioners 4 U offer a range of services, such as:

  • Liquidation: This is the process of winding up a company and selling its assets to pay off its debts. There are different types of liquidation, such as compulsory liquidation (ordered by the court), creditors’ voluntary liquidation (initiated by the company’s directors), or members’ voluntary liquidation (initiated by the company’s shareholders).
  • Administration: This is the process of appointing an administrator to take control of a company and try to rescue it or sell it as a going concern. The administrator has the power to make decisions on behalf of the company and deal with its creditors.
  • Company voluntary arrangement (CVA): This is an agreement between a company and its creditors to repay some or all of its debts over a period of time. The company can continue trading under the supervision of an insolvency practitioner, who acts as the CVA supervisor.
  • Individual voluntary arrangement (IVA): This is an agreement between an individual and their creditors to repay some or all of their debts over a period of time. The individual can avoid bankruptcy and keep their assets under the supervision of an insolvency practitioner, who acts as the IVA supervisor.
  • Bankruptcy: This is the process of declaring that an individual cannot pay their debts and surrendering their assets to a trustee. The trustee will sell the assets and distribute the proceeds to the creditors. The individual will be discharged from their debts after a certain period of time, usually one year.

Customer reviews

Insolvency Practitioners 4 U have a website where they display some testimonials from their previous clients. However, these testimonials are not verified by any independent source and may not be genuine. They also do not have any reviews on other platforms, such as Trustpilot or Google Reviews, which makes it hard to gauge their customer satisfaction and feedback.

Tips on how to avoid scams and find the best broker

  • Check their credentials: Make sure that they are authorised by one of the recognised professional bodies for insolvency practitioners in the UK, such as the IPA, the Institute of Chartered Accountants in England and Wales (ICAEW), or the Association of Chartered Certified Accountants (ACCA). You can check their membership status on their websites or contact them directly.
  • Compare their fees: Ask for a clear breakdown of their fees and charges before signing any contract. Compare them with other brokers and see if they are reasonable and competitive. Beware of brokers who offer very low fees or free services, as they may have hidden costs or poor quality.
  • Read their terms and conditions: Read their terms and conditions carefully and make sure that you understand them. Look out for any clauses that may limit your rights or options, such as cancellation fees, exclusivity agreements, or liability waivers. If you are not sure about anything, ask for clarification or seek legal advice.
  • Check their reviews: Look for reviews from their previous clients on independent platforms, such as Trustpilot or Google Reviews. See what they say about their experience, service, and results. Avoid brokers who have no reviews or negative reviews.
  • Get a second opinion: If you are not sure about a broker or their advice, get a second opinion from another broker or a professional adviser. Do not feel pressured or rushed into making a decision that may affect your financial future.

Conclusion

Insolvency Practitioners 4 U is a broker that claims to offer insolvency solutions to individuals and businesses. However, they are not regulated by the IPA and do not have a good reputation or transparency. They may be a scam and you should avoid them at all costs. If you need help with your insolvency issues, you should look for a reputable and authorised broker who can provide you with quality service and advice.

What to Do If You’ve Lost Money with Insolvency Practitioners 4 U?

If you have been scammed by Insolvency Practitioners 4 U or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

Cronos Fund – Broker Review

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Cronos Fund

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Swiss Financial Market Supervisory Authority has issued a warning against Cronos Fund in August 2023

If you are looking for a reliable and trustworthy broker to invest your money with, you may have come across Cronos Fund. Cronos Fund is a forex and CFD broker that claims to offer competitive spreads, fast execution, and a variety of trading instruments. But is Cronos Fund a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of Cronos Fund, and help you decide whether it is worth your time and money.

What is Cronos Fund?

Cronos Fund is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. The broker offers trading services in forex, commodities, indices, stocks, and cryptocurrencies. Cronos Fund claims to have over 250 trading assets, as well as multiple account types, trading platforms, and payment methods.

According to its website, Cronos Fund is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. However, this is not a reputable or reliable regulator, as it does not have strict rules or oversight over the brokers it licenses. Therefore, Cronos Fund is not a regulated broker in the strict sense of the word, and it does not provide any protection or security for its clients’ funds.

What are the pros and cons of Cronos Fund?

  • It offers a wide range of trading instruments, including forex, CFDs, and cryptocurrencies.
  • It supports both MetaTrader 4 and MetaTrader 5 platforms, which are popular and user-friendly among traders.
  • It has a low minimum deposit requirement of $100 for its basic account type.
  • It provides customer support via phone, email, and live chat.

Some of the cons of Cronos Fund are:

  • It is not a regulated broker, and it does not have any credible authority to oversee its operations or ensure its compliance with industry standards.
  • It has high and variable spreads, which can reduce the profitability of trading.
  • It charges commissions on some account types, as well as fees for withdrawals and inactivity.
  • It does not have a demo account option, which means that traders cannot test its services or platforms before investing real money.
  • It has received negative reviews and complaints from some of its clients, who have reported issues with withdrawals, customer service, and platform performance.

Is Cronos Fund a scam or a legit broker?

Based on our research and analysis, we cannot recommend Cronos Fund as a legit broker. The broker has several red flags that indicate that it is not trustworthy or reliable. The most concerning issue is that it is not regulated by any reputable authority, which means that it can operate with impunity and without any accountability. Moreover, the broker has high and variable spreads, commissions, and fees that can erode the profits of trading. Furthermore, the broker does not have a demo account option, which makes it difficult to evaluate its services or platforms before risking real money. Lastly, the broker has received negative feedback from some of its clients, who have reported problems with withdrawals, customer service, and platform performance.

Therefore, we advise you to avoid Cronos Fund and look for other brokers that are regulated by reputable authorities such as the FCA (UK), CySEC (Cyprus), ASIC (Australia), or NFA (US). These regulators have strict rules and standards that ensure the safety and security of your funds and personal information. They also provide compensation schemes that can cover your losses in case the broker goes bankrupt or becomes insolvent.

Conclusion

Cronos Fund is an online broker that offers trading services in forex, commodities, indices, stocks, and cryptocurrencies. However, the broker is not regulated by any credible authority, and it has several disadvantages that outweigh its advantages. Therefore, we do not recommend Cronos Fund as a legit broker, and we suggest you look for other alternatives that are more reliable and trustworthy.

What to Do If You’ve Lost Money with Cronos Fund?

If you have been scammed by Cronos Fund or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

Mega Invest Investment Group – Broker Review

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Mega invest

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Swiss Financial Market Supervisory Authority has issued a warning against Mega Invest Investment Group in August 2023

Mega invest investment group is a broker that claims to offer a variety of trading services, including forex, stocks, commodities, indices, and cryptocurrencies. They also claim to have a user-friendly platform, low spreads, fast execution, and excellent customer support. But are they legit?

In this blog post, we will review Mega invest investment group and see if they are a trustworthy broker or a scam. We will look at their background, regulation, trading conditions, platform, fees, and customer reviews. We will also give you some tips on how to avoid falling victim to fraudulent brokers.

Background and regulation

Mega invest investment group was founded in 2018 and is based in St. Vincent and the Grenadines. They claim to be regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, but this is not a reliable regulator. The FSA does not have strict rules or oversight for forex brokers, and many scammers use this jurisdiction to operate without any accountability.

Therefore, we do not recommend trading with Mega invest investment group or any other broker that is registered in St. Vincent and the Grenadines. They are not authorized to offer financial services in most countries, and you will not have any protection or recourse if something goes wrong.

Trading conditions

Mega invest investment group offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, which is higher than the industry average. The leverage for all accounts is up to 1:400, which is very risky and can lead to significant losses.

The spreads for the Basic account are also very high, starting from 3 pips for the EUR/USD pair. The spreads for the other accounts are lower, but they require higher deposits and commissions. For example, the Platinum account requires a minimum deposit of $50,000 and charges a commission of $6 per lot.

The broker also offers a variety of trading instruments, but some of them are not available for all accounts. For instance, the Basic account does not have access to cryptocurrencies or indices. The broker does not provide any information about the trading hours, margin requirements, or swap rates for each instrument.

Platform

Mega invest investment group uses a web-based platform that does not require any download or installation. The platform has a simple and intuitive interface, but it lacks many advanced features and tools that are available on other platforms such as MetaTrader 4 or 5.

The platform does not support automated trading, custom indicators, or expert advisors. It also does not have a mobile app or a desktop version. The platform only offers basic charting tools, order types, and market news.

Fees

Mega invest investment group charges various fees that can affect your trading performance and profitability. Besides the high spreads and commissions that we mentioned earlier, the broker also charges withdrawal fees, inactivity fees, and conversion fees.

The withdrawal fees depend on the payment method and the amount of withdrawal. For example, if you withdraw less than $100 via wire transfer, you will be charged $50 as a fee. If you withdraw more than $100 via wire transfer, you will be charged 10% of the amount as a fee.

The inactivity fee is charged if you do not trade for more than 30 days. The fee is $80 per month and can increase up to $500 per month if you do not trade for more than 12 months.

The conversion fee is charged if you deposit or withdraw in a currency other than the one of your account. The fee is 10% of the amount converted.

Customer reviews

Mega invest investment group has very negative customer reviews on various websites and forums. Many customers complain about the broker’s poor service, high fees, false promises, and difficulty in withdrawing their funds.

Some customers also accuse the broker of being a scam and manipulating their trades. They claim that the broker uses aggressive sales tactics, fake testimonials, and misleading information to lure unsuspecting traders.

Conclusion

Mega invest investment group is not a legit broker but a scam. They are not regulated by any reputable authority and have very unfavorable trading conditions and fees. They also have a lot of negative feedback from customers who have been scammed by them.

We advise you to stay away from Mega invest investment group and any other broker that is registered in St. Vincent and the Grenadines. If you are looking for a reliable and trustworthy broker, you should check our list of recommended brokers that are regulated by reputable authorities such as the FCA or ASIC.

What to Do If You’ve Lost Money with Mega invest investment group?

If you have been scammed by Mega invest investment group or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

In369 – Broker Review

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In369

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Swiss Financial Market Supervisory Authority has issued a warning against In369 in August 2023

If you are looking for a reliable and trustworthy online broker, you might have come across In369. This broker claims to offer a wide range of trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. But are they legit? Or are they a scam that you should avoid at all costs? In this review, we will examine the features, pros, and cons of In369 and help you decide if they are worth your time and money.

What is In369?

In369 is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. According to their website, they are regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines and have a license number of 25434 BC 2019. They also claim to have offices in London, Hong Kong, and Dubai.

In369 offers four types of trading accounts: Basic, Silver, Gold, and Platinum. Each account has different minimum deposits, spreads, leverage, commissions, and bonuses. The Basic account requires a minimum deposit of $250, while the Platinum account requires a minimum deposit of $50,000. The spreads vary from 0.1 pips to 3 pips depending on the account type and the trading instrument. The leverage ranges from 1:100 to 1:500. The commissions are either zero or $6 per lot depending on the account type and the trading instrument. The bonuses are up to 100% of the deposit amount.

In369 provides access to over 250 trading instruments across various markets. They support both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used and popular among traders. They also have a web-based platform that can be accessed from any browser and a mobile app that is compatible with Android and iOS devices. They offer various tools and features such as market news, economic calendar, trading signals, educational resources, and customer support.

What are the pros and cons of In369?

Pros:

  • Regulated by the FSA of St. Vincent and the Grenadines
  • Offers a wide range of trading instruments
  • Supports both MT4 and MT5 platforms
  • Provides various tools and features
  • Offers bonuses up to 100% of the deposit amount

Cons:

  • Based in an offshore jurisdiction
  • Has a high minimum deposit requirement for some accounts
  • Charges commissions for some trading instruments
  • Has variable spreads that can widen during volatile market conditions
  • Has limited payment methods

Is In369 legit or a scam?

Based on our research, we cannot say for sure that In369 is a scam, but we also cannot say that they are completely legit. There are some positive aspects about this broker, such as their regulation by the FSA of St. Vincent and the Grenadines, their wide range of trading instruments, and their support for both MT4 and MT5 platforms. However, there are also some red flags that raise our suspicion, such as their offshore location, their high minimum deposit requirement for some accounts, their commissions for some trading instruments, their variable spreads that can widen during volatile market conditions, and their limited payment methods.

Therefore, we advise caution when dealing with this broker. If you decide to trade with them, make sure you do your due diligence and verify their credentials. Also, only invest what you can afford to lose and use proper risk management strategies. Alternatively, you can look for other brokers that have more reputable backgrounds and better reviews from other traders.

What to Do If You’ve Lost Money with In369?

If you have been scammed by In369 or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

Fidency.net – Broker Review

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Fidency.net

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Swiss Financial Market Supervisory Authority has issued a warning against Fidency.net in August 2023

If you are looking for a reliable and trustworthy online broker, you might have come across Fidency.net. This is a relatively new platform that claims to offer a wide range of trading instruments, competitive fees, advanced technology, and excellent customer support. But are they really legit? Or are they just another scam that will rip you off your hard-earned money? In this review, we will take a closer look at Fidency.net and see if they live up to their promises.

What is Fidency.net?

Fidency.net is an online broker that was launched in 2020. They are based in St. Vincent and the Grenadines, and they are regulated by the Financial Services Authority (FSA) of the country. They offer access to over 250 trading assets, including forex, stocks, indices, commodities, cryptocurrencies, and ETFs. They also provide various trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps. They claim to have a high level of security, transparency, and customer satisfaction.

What are the pros and cons of Fidency.net?

Pros:

  • Low minimum deposit of $250
  • Multiple account types with different features and benefits
  • Competitive spreads and commissions
  • No hidden fees or charges
  • Fast execution and low latency
  • Access to various trading tools and educational resources
  • Responsive and helpful customer support via phone, email, and live chat
  • Multiple payment methods, including credit cards, e-wallets, and cryptocurrencies

Cons:

  • Limited regulation by a non-reputable jurisdiction
  • Lack of negative balance protection and investor compensation scheme
  • No demo account available
  • High withdrawal fees and processing time
  • Some negative reviews and complaints from customers online

Is Fidency.net legit or a scam?

Based on our research and analysis, we cannot say for sure that Fidency.net is a scam. However, we also cannot recommend them as a legit broker. There are some red flags that raise our concerns about their credibility and reliability. For instance, their regulation by the FSA of St. Vincent and the Grenadines is not very reassuring, as this is a known offshore destination for many shady brokers. Moreover, their website does not provide much information about their company background, ownership, or legal documents. They also do not offer any protection for their clients’ funds or accounts in case of insolvency or fraud.

Therefore, we advise you to be cautious when dealing with Fidency.net. If you decide to trade with them, make sure you do your own due diligence and verify their claims. You should also only invest what you can afford to lose, as online trading involves high risks. Alternatively, you can look for other more reputable and regulated brokers that have a proven track record of providing quality services and products to their customers.

What to Do If You’ve Lost Money with Fidency.net?

If you have been scammed by Fidency.net or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

Erzinex – Broker Review

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Erzinex

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Swiss Financial Market Supervisory Authority has issued a warning against Erzinex in August 2023

If you are looking for a reliable and trustworthy online broker, you might have come across Erzinex. Erzinex is a forex and CFD broker that claims to offer competitive spreads, fast execution, and a variety of trading instruments. But are they really a legitimate broker or just another scam?

In this Erzinex broker review, we will examine the features, advantages, and disadvantages of trading with Erzinex. We will also look at some of the red flags that indicate that Erzinex might not be as safe as they claim to be.

What is Erzinex?

Erzinex is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. According to their website, they are regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under license number 25675 BC 2019.

Erzinex offers trading in forex, commodities, indices, stocks, and cryptocurrencies. They claim to have over 250 trading instruments, including major, minor, and exotic currency pairs. They also claim to provide access to the MetaTrader 4 platform, which is one of the most popular and widely used trading platforms in the industry.

Erzinex claims to have a customer-centric approach and to offer high-quality services to their clients. They state that they have a dedicated customer support team that is available 24/7 via phone, email, and live chat. They also state that they have a transparent pricing policy and that they do not charge any hidden fees or commissions.

What are the advantages of trading with Erzinex?

  • They offer a wide range of trading instruments, including forex, CFDs, and cryptocurrencies.
  • They provide access to the MetaTrader 4 platform, which is a user-friendly and powerful trading platform that supports multiple charting tools, indicators, and automated trading strategies.
  • They offer competitive spreads, starting from 0.1 pips for some currency pairs.
  • They offer fast execution and low latency, thanks to their servers located in London and New York.
  • They offer multiple account types, including standard, premium, VIP, and Islamic accounts. Each account type has different minimum deposit requirements, leverage levels, and trading conditions.
  • They offer various payment methods, including credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, Perfect Money, and Bitcoin.

What are the disadvantages of trading with Erzinex?

  • They are not regulated by a reputable authority, such as the FCA in the UK or the ASIC in Australia. The FSA of St. Vincent and the Grenadines is not a reliable regulator and does not provide adequate protection or oversight for traders. This means that Erzinex is not subject to strict rules or standards regarding client funds segregation, anti-money laundering policies, dispute resolution mechanisms, or compensation schemes.
  • They have a poor reputation among online traders and reviewers. Many users have complained about Erzinex’s poor customer service, withdrawal delays or denials, account manipulation, hidden fees or charges, and aggressive marketing tactics. Some users have even accused Erzinex of being a scam or a Ponzi scheme.
  • They do not offer any educational or research materials for their clients. Unlike some other brokers, Erzinex does not provide any webinars, tutorials, articles, market analysis, or trading signals for their clients. This means that traders have to rely on their own knowledge and skills to trade successfully with Erzinex.
  • They do not offer any demo accounts for their clients. Demo accounts are useful for beginners who want to practice their trading skills and strategies without risking real money. They are also useful for experienced traders who want to test new markets or platforms before investing real money. Erzinex does not allow its clients to open demo accounts or try their services for free.

Is Erzinex a scam?

Based on our research and analysis, we cannot recommend Erzinex as a trustworthy or reliable broker. There are too many red flags and negative feedbacks that suggest that Erzinex is not a legitimate broker but rather a scam.

We advise you to avoid trading with Erzinex and to look for other brokers that are regulated by reputable authorities and have positive reviews from real users. You should also do your own due diligence before choosing any broker and make sure that you understand the risks involved in online trading.

What to Do If You’ve Lost Money with Erzinex?

If you have been scammed by Erzinex or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

Avasunion – Broker Review

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Avasunion

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Swiss Financial Market Supervisory Authority has issued a warning against Avasunion in August 2023

If you are looking for a reliable and trustworthy online broker, you might have come across Avasunion. Avasunion is a forex and CFD broker that claims to offer competitive spreads, fast execution, and a variety of trading instruments. But are they really as good as they sound? Or are they a scam that you should avoid at all costs?

In this review, we will examine Avasunion’s background, regulation, trading conditions, platform, customer service, and more. We will also compare them with some of the best brokers in the industry and give you our honest opinion on whether they are worth your time and money.

Background and Regulation

Avasunion was founded in 2019 and is based in St. Vincent and the Grenadines. According to their website, they are regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under license number 25498 BC 2019. However, this does not mean much, as the FSA is not a reputable regulator and does not provide adequate protection for traders.

St. Vincent and the Grenadines is an offshore jurisdiction that has a reputation for being a haven for scam brokers. The FSA does not require brokers to adhere to any strict rules regarding capital adequacy, segregation of funds, investor compensation, or dispute resolution. This means that if you trade with Avasunion, you are putting your money at risk and have no recourse in case of any issues.

We always recommend trading with brokers that are regulated by well-known and respected authorities such as the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). These regulators ensure that brokers follow high standards of conduct and provide a safe and fair trading environment for their clients.

Trading Conditions

Avasunion offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, which is quite high compared to other brokers. The spreads start from 2.8 pips for the Basic account and go down to 0.1 pips for the Platinum account. However, these spreads are not fixed and may vary depending on market conditions and liquidity.

Avasunion also charges commissions on some of their accounts. The commission for the Basic account is $10 per lot, which is very expensive and adds to the already high trading costs. The commission for the Silver account is $8 per lot, while the Gold and Platinum accounts have no commissions.

Avasunion claims to offer leverage up to 1:400, which is very high and risky. High leverage can amplify your profits but also your losses, so you should use it with caution and only if you have enough experience and knowledge.

Avasunion offers over 200 trading instruments, including forex pairs, indices, commodities, stocks, and cryptocurrencies. However, some of these instruments may not be available for all account types or regions.

Platform

Avasunion provides its clients with the MetaTrader 4 (MT4) platform, which is one of the most popular and widely used platforms in the industry. MT4 is known for its user-friendly interface, advanced charting tools, technical indicators, automated trading options, and compatibility with various devices and operating systems.

However, Avasunion does not offer any web-based or mobile versions of MT4. This means that you can only access the platform by downloading it to your desktop or laptop computer. This limits your flexibility and convenience as a trader, as you cannot trade from anywhere or anytime.

Customer Service

Avasunion claims to have a professional and responsive customer service team that is available 24/5 via phone, email, or live chat. However, we found that this is not true. When we tried to contact them via live chat, we were greeted by a bot that asked us to leave our name and email address. We did not receive any reply from a human agent after waiting for several minutes.

When we tried to call them on their phone number, we were put on hold for a long time before being disconnected. When we sent them an email, we did not receive any response either. This shows that Avasunion does not care about their customers and does not provide adequate support or assistance.

Conclusion

Based on our research and analysis, we conclude that Avasunion is a scam broker that you should avoid at all costs. They are not regulated by a reputable authority, they charge high fees and commissions, they offer poor trading conditions and platform options, and they have terrible customer service.

There are many better brokers out there that offer superior services and features at lower costs and with more security. Some of the best brokers that we recommend are eToro, XM, IG, Plus500, and AvaTrade. These brokers are regulated by top-tier authorities, offer competitive spreads and commissions, provide various platform choices and trading instruments, and have excellent customer support.

Do not waste your time and money with Avasunion. They are a scam that will only rip you off and leave you disappointed. Stay away from them and choose a reliable and trustworthy broker instead.

What to Do If You’ve Lost Money with Avasunion?

If you have been scammed by Avasunion or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

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scam reviews 2023

CTRLEX – Broker Review

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CTRLEX

Know Your Options and Recover Your Funds

If you are looking for a reliable and trustworthy online broker, you might have come across CTRLEX. CTRLEX is a forex and CFD broker that claims to offer competitive trading conditions, advanced trading platforms, and excellent customer support. But is CTRLEX a scam or a legit broker? In this review, we will examine the features, pros and cons, and reputation of CTRLEX to help you make an informed decision.

What is CTRLEX?

CTRLEX is an online broker that was founded in 2019 and is based in St. Vincent and the Grenadines. The broker offers over 200 trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. CTRLEX claims to provide fast execution, low spreads, high leverage, and no commissions. The broker also offers various account types, ranging from basic to VIP, to suit different trading styles and preferences.

CTRLEX is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, which is a low-tier offshore regulator that does not have a strong reputation in the industry. The FSA does not impose strict rules or requirements on the brokers it oversees, such as minimum capital, segregation of funds, or compensation schemes. Therefore, trading with an FSA-regulated broker carries a high level of risk, as there is no guarantee of the safety or security of your funds.

What are the pros and cons of CTRLEX?

Pros:

  • A wide range of trading instruments
  • Multiple trading platforms, including MetaTrader 4 and WebTrader
  • Various account types and payment methods
  • Educational resources and market analysis

Cons:

  • Offshore regulation by a low-tier authority
  • Lack of transparency and credibility
  • Negative customer reviews and complaints
  • High withdrawal fees and charges

Is CTRLEX a scam or a legit broker?

Based on our research and analysis, we cannot recommend CTRLEX as a reliable or trustworthy broker. The broker has several red flags that indicate that it might be a scam or a fraudulent operation. Some of these red flags are:

  • Offshore regulation by a low-tier authority that does not provide adequate protection or oversight
  • Lack of transparency and credibility regarding the company’s background, ownership, and location
  • Negative customer reviews and complaints about poor service, delayed withdrawals, hidden fees, and aggressive marketing tactics
  • High withdrawal fees and charges that make it difficult or impossible to withdraw your money

Therefore, we advise you to avoid CTRLEX and look for a more reputable and regulated broker that can offer you a safe and secure trading environment.

What to Do If You’ve Lost Money with CTRLEX?

If you have been scammed by CTRLEX or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.

Categories
scam reviews 2023

Nexongroups.com – Broker Review

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Nexongroups.com

Know Your Options and Recover Your Funds

Nexongroups.com is a forex and CFD broker that claims to offer a wide range of trading instruments, including currency pairs, indices, commodities, stocks, and cryptocurrencies. The broker also claims to provide competitive spreads, fast execution, and various account types to suit different trading styles and preferences. However, before you decide to invest with this broker, there are some red flags that you should be aware of.

First of all, Nexongroups.com is not regulated by any reputable authority, such as the FCA in the UK, the ASIC in Australia, or the CySEC in Cyprus. This means that the broker is operating without a license and without any oversight from the regulators. This exposes you to a high risk of losing your money or being scammed by the broker. There is no guarantee that the broker will keep your funds in segregated accounts, protect your personal information, or honor your withdrawal requests.

Secondly, Nexongroups.com has a very poor reputation among online traders and reviewers. There are numerous complaints and negative feedback about the broker on various forums and websites. Some of the common issues reported by the clients include delayed or denied withdrawals, hidden fees and charges, aggressive and misleading marketing tactics, and unprofessional customer support. The broker has also been accused of manipulating the trading platform and the market prices to make the clients lose their trades.

Thirdly, Nexongroups.com does not provide enough information about its trading conditions and policies on its website. The broker does not disclose the minimum deposit requirement, the leverage ratio, the commission structure, or the withdrawal methods and fees. The broker also does not offer any demo account or educational resources for its clients. The lack of transparency and clarity is another sign of a shady and unreliable broker.

Therefore, based on our research and analysis, we do not recommend Nexongroups.com as a trustworthy and legitimate broker. We advise you to avoid this broker and look for a regulated and reputable one instead. You should always do your due diligence before investing your money with any online broker.

What to Do If You’ve Lost Money with Nexongroups.com?

If you have been scammed by Nexongroups.com or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.