Caution Investors EverMarketsFX (Comoros) Ltd – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Who Are They?

EverMarketsFX is associated with EverMarketsFX (Comoros) Ltd, a company registered in the Comoros Islands. However, the Comoros Islands are known for their loose financial regulations and lack of oversight. Their website claims their registered office is at 2, Boulevard de la Foire, L-152, Luxembourg, but there are doubts about the legitimacy of this address, as we will explore later.

Regulation and Compliance: CSSF Issues Warning

Regulation is a critical factor when choosing an online broker. It ensures that your funds and rights as a trader are protected. Unfortunately, EverMarketsFX lacks regulation and has been blacklisted by the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg. On September 7th, 2023, the CSSF issued a warning stating that EverMarketsFX (Comoros) Ltd is not supervised or authorized to provide investment services or other financial services in or from Luxembourg. This is a significant red flag for potential traders.

Customer Reviews

Customer reviews offer valuable insights into an online broker’s credibility and reputation. They can shed light on the platform, customer service, trading conditions, and overall experiences. However, the reliability of customer reviews varies, with some potentially being manipulated or paid for by the broker or its competitors. It’s essential to cross-reference multiple sources for consistent patterns.

We conducted research on various platforms, including social media (Facebook, Twitter, Instagram) and online trading forums and review sites like Trustpilot and ScamRecovery.net. The overwhelming majority of reviews about EverMarketsFX were either negative or suspicious. Customers complained about issues with withdrawal requests, blocked accounts, trade manipulation, and pressure to deposit more funds. Some mentioned recovering their funds with third-party assistance. Based on this feedback, EverMarketsFX appears to have a questionable reputation among traders.

Products and Services

EverMarketsFX claims to offer a wide range of products and services, including:

– Forex: Allegedly over 50 currency pairs with low spreads and high leverage.

– CFDs: Contracts for differences in commodities, indices, stocks, and cryptocurrencies with competitive prices and flexible margins.

– Commodities: Trading in gold, silver, oil, natural gas, coffee, sugar, and more with low commissions and high liquidity.

– Indices: Trading in major global indices like S&P 500, NASDAQ 100, and FTSE 100.

– Stocks: Trading in hundreds of popular stocks from various sectors and markets with low fees and high leverage.

– Cryptocurrencies: Trading in Bitcoin, Ethereum, Litecoin, Ripple, and more with low spreads and high volatility.

However, these claims lack verification and supporting evidence on their website. The website does not provide essential details about the trading platform, account types, fees, commissions, spreads, leverage, execution speed, order types, or risk management tools. Additionally, it lacks educational and analytical resources like webinars, articles, videos, charts, signals, or indicators. The website’s unprofessional design, lack of transparency, and credibility issues raise concerns about the authenticity of these claims.

Location

EverMarketsFX claims to have its registered office at 2, Boulevard de la Foire, L-152, Luxembourg. However, as mentioned earlier, the CSSF of Luxembourg has warned that EverMarketsFX (Comoros) Ltd is not authorized to provide financial services in or from Luxembourg. A Google Maps search reveals that this address does not exist or correspond to any company or entity. This address also resembles the one used by another scam broker called EverFXGlobal, which has faced scrutiny from authorities and review sites. This raises suspicions that EverMarketsFX might be using a fake or virtual address to deceive customers and avoid legal consequences.

Customer Service

EverMarketsFX claims to offer professional and responsive customer service via phone at +34672520204 or through email at [email protected]. However, these contact details are unreliable, as many customer reviews have reported unresponsiveness, rudeness, or even aggression from the customer service team. Some customers also mentioned that the provided phone number is disconnected, and the email address is ignored or blocked. Furthermore, the broker does not offer alternative means of communication like live chat, social media, or online forms, which further underscores their poor and inadequate customer service.

Conclusion

After a thorough review, it is our unequivocal recommendation to steer clear of EverMarketsFX. The broker’s lack of regulation and the CSSF’s warning raises significant concerns. The numerous negative and suspicious customer reviews, coupled with their unverified claims about products and services, further tarnish their reputation. The use of a likely fake or misleading address and the poor customer service provided by EverMarketsFX only solidify our conclusion that this is not a reliable or legitimate broker for online trading. Your financial security and success deserve a more trustworthy and transparent partner.

Caution Investors Dryden Partners – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Dryden Partners: A Boiler Room Scam to Avoid

Overview:

If you are looking for a reliable and trustworthy investment firm, you might want to steer clear of Dryden Partners. This company has been flagged by the Dutch Authority for the Financial Markets (AFM) as a suspected boiler room scam. In this blog post, we will explain what a boiler room scam is, how Dryden Partners operates, and why you should avoid it at all costs.

Regulation and Compliance:

A boiler room scam is a type of fraud that involves cold-calling potential investors and pressuring them to buy shares that are either worthless or nonexistent. The scammers often use fake or stolen identities, fake websites, and fake documents to lure their victims. They also promise high returns and low risks, but in reality, they are only interested in taking your money and disappearing.

Dryden Partners is one such scam. According to the AFM, Dryden Partners has approached people without being asked, to offer them investment proposals. The AFM has also established that Dryden Partners does not have an AFM license or a European Passport, which means that they are not authorized to provide investment services in the Netherlands or in any other European country. The AFM warns consumers not to respond to any offers from Dryden Partners and to report any contact with them to the AFM.

Customer Reviews:

As you might expect, Dryden Partners has received many negative reviews from customers who have fallen victim to their scam. Here are some examples of what customers have said about Dryden Partners:

– “They called me several times and convinced me to invest in some stocks that they claimed were going to skyrocket. They sounded very professional and friendly, but after I transferred the money, they stopped answering my calls and emails. I never received any confirmation or statement of my investment. I realized too late that I had been scammed.”

– “They are very persistent and aggressive. They kept calling me even after I told them I was not interested. They tried to make me feel guilty for missing out on a great opportunity. They also lied about their credentials and their location. They said they were based in London, but when I checked their website, it was registered in Panama.”

– “They are a bunch of crooks. They stole my life savings and ruined my credit score. They used fake names and fake documents to trick me into signing a contract that gave them access to my bank account. They then withdrew all my money and left me with nothing. They also threatened me with legal action when I tried to get my money back.”

Products and Services:

Dryden Partners claims to offer a range of products and services, such as:

– Investment and trading advice

– Collective investment schemes

– Brokerage and dealing services

– Transfer agent services

However, these products and services are either non-existent or illegal. Dryden Partners does not have any legitimate or regulated products or services to offer. They only have fake or stolen products or services that they use to deceive their customers.

Location:

Dryden Partners claims to be located at 1 Canada Square, Canary Wharf, London E14 5AB, United Kingdom. However, this address is false. According to the AFM, Dryden Partners is actually based in an unknown location outside the European Union. The AFM also states that Dryden Partners uses various telephone numbers with different country codes, such as +44 (United Kingdom), +31 (Netherlands), +49 (Germany), +41 (Switzerland), +852 (Hong Kong), +65 (Singapore), +61 (Australia), +1 (United States), +971 (United Arab Emirates), and +81 (Japan). These numbers are likely to be spoofed or redirected to hide the true location of Dryden Partners.

Customer Service:

Dryden Partners does not have any customer service. They only have salespeople who are trained to manipulate and pressure their customers into buying their scam products or services. Once they receive the money from their customers, they cut off all communication and ignore any requests for refunds or complaints. They also block or change their phone numbers and email addresses to avoid being traced or contacted by their customers or by the authorities.

Conclusion:

Dryden Partners is a boiler room scam that you should avoid at all costs. They are not regulated or licensed by any authority, they do not have any legitimate or regulated products or services to offer, they use fake or stolen identities, websites, and documents to lure their customers, they cold call and pressure their customers into buying worthless or non-existent shares, they take their customers’ money and disappear, they leave their customers with no confirmation or statement of their investment, they ruin their customers’ credit score and financial situation, they threaten their customers with legal action when they try to get their money back, and they change their location and contact details frequently to evade detection and prosecution.

If you have been contacted by Dryden Partners or by any other company that exhibits similar characteristics, do not respond to them and do not give them any personal or financial information. Report them to the AFM or to your local regulator and seek professional advice if you have already invested with them. Remember, if something sounds too good to be true, it probably is.

Caution Investors Parallel Investment – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Parallel Investment: A Boiler Room Scam to Avoid

Overview:

If you are looking for a reliable and trustworthy investment company, you might want to steer clear of Parallel Investment. This company has been flagged by the Dutch Authority for the Financial Markets (AFM) as a suspected boiler room scam. In this blog post, we will explain what a boiler room scam is, how Parallel Investment operates, and why you should avoid it at all costs.

Regulation and Compliance:

According to the AFM, Parallel Investment is not authorized to provide any financial services or products in the Netherlands or in any other European country. The company does not have an AFM license or a European Passport, which means it is operating illegally and without any oversight or protection for investors. The AFM warns consumers not to respond to any offers from Parallel Investment, as they are likely to lose their money or become victims of identity theft.

Customer Reviews:

A quick online search reveals that Parallel Investment has a very poor reputation among customers and reviewers. Many people have reported being contacted by the company unsolicited and being pressured to invest in dubious or non-existent shares. Some have also complained about being harassed by phone calls, emails, and messages from the company’s representatives, who use aggressive and deceptive tactics to persuade them to invest more money or to prevent them from withdrawing their funds. Some customers have even reported being threatened with legal action or violence if they refuse to cooperate.

Products and Services:

Parallel Investment claims to offer a variety of investment products and services, such as stocks, bonds, commodities, forex, cryptocurrencies, and more. However, these products and services are either fake or overpriced and do not reflect the true value or performance of the underlying assets. The company also claims to have access to exclusive deals and opportunities that are not available elsewhere, but these are nothing but lies designed to lure unsuspecting investors into their trap.

Location:

Parallel Investment claims to be based in Amsterdam, the Netherlands, but this is also a lie. The company does not have a physical address or a registered office in the country, and its website does not provide any contact details other than a phone number and an email address. The company also uses a fake domain name that mimics the name of a legitimate investment firm. The website itself is poorly designed and contains many grammatical and spelling errors, which indicate a lack of professionalism and credibility.

Customer Service:

Parallel Investment does not have a customer service department or a support team that can help investors with their queries or issues. The only way to communicate with the company is through phone calls or emails, which are often ignored or answered with vague or misleading information. The company’s representatives are rude, unprofessional, and unhelpful, and often resort to intimidation or manipulation to get what they want from customers. The company also does not provide any transparency or accountability for its operations or transactions and does not issue any receipts, statements, or contracts.

Conclusion:

Parallel Investment is a boiler room scam that should be avoided by anyone who values their money and their safety. The company is not regulated or licensed by any authority and does not offer any legitimate or valuable products or services. The company uses fraudulent and unethical methods to solicit and exploit customers, who end up losing their money or their personal information. The AFM has issued a warning against Parallel Investment and advises consumers to report any contact from the company to the authorities. If you have been contacted by Parallel Investment, do not respond or engage with them, and do not give them any money or information.

Caution Investors Primem4trade – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Overview:

Primem4trade is a company that claims to offer investment and trading services to customers around the world. However, the company has been flagged by the Dutch Authority for the Financial Markets (AFM) as a suspected boiler room, meaning that it may be involved in fraudulent and deceptive practices. In this blog post, we will review the company’s regulations and compliance, customer reviews, products and services, location, customer service, and conclusion.

Regulation and Compliance:

According to the AFM, Primem4trade does not have a license or a European passport to operate as a market intermediary in the Netherlands or in any other EU member state. This means that the company is not authorized to offer investment or trading advice, collective investment schemes, brokerage, dealing, or transfer agent services to customers in the Netherlands or in the EU. The AFM warns consumers not to respond to any offers from Primem4trade, as they may be exposed to high risks of losing their money or becoming victims of identity theft.

Customer Reviews:

We could not find any positive or neutral customer reviews for Primem4trade online. The only reviews we found were negative and reported similar experiences of being contacted by Primem4trade’s salespeople without solicitation, being pressured to invest in dubious or non-existent shares, and being unable to withdraw their funds or contact the company after making a deposit. Some customers also reported that Primem4trade used fake or stolen identities, forged documents, and spoofed phone numbers to deceive them.

Products and Services:

Primem4trade claims to offer a variety of products and services, such as stocks, commodities, currencies, indices, ETFs, CFDs, options, futures, and cryptocurrencies. However, the company does not provide any details about its trading platforms, fees, spreads, leverage, margin requirements, execution policies, or risk management tools. The company also does not disclose its liquidity providers, clearing firms, or custodians. Moreover, the company does not have any affiliation or partnership with any reputable financial institutions or regulators.

Location:

Primem4trade claims to have its headquarters in Amsterdam, the Netherlands. However, the address provided on its website is fake and does not correspond to any physical location. The company also claims to have offices in London, UK; Zurich, Switzerland; and Hong Kong. However, these claims are also false and cannot be verified. The company’s website domain was registered in September 2023 using a privacy protection service that conceals the identity and location of the owner.

Customer Service:

Primem4trade claims to have a 24/7 customer service team that can be reached by phone, email, or live chat. However, these channels are either non-functional or unresponsive. Customers who have tried to contact Primem4trade for inquiries, complaints, or withdrawals have reported that they either received no reply at all or were met with rude, aggressive, or evasive responses. Some customers also reported that Primem4trade’s salespeople continued to harass them with unsolicited calls and emails even after they requested to stop.

Conclusion:

Based on our review, we conclude that Primem4trade is a scam and a boiler room that should be avoided at all costs. The company has no license or authorization to operate as a market intermediary in the Netherlands or in the EU. The company has also been warned by the AFM as a suspected boiler room that may be involved in fraudulent and deceptive practices. The company has no positive or neutral customer reviews online and has received numerous complaints of being untrustworthy, unprofessional, and unethical. The company’s products and services are vague and unclear and do not comply with any industry standards or regulations. The company’s location is fake and cannot be verified. The company’s customer service is non-existent or hostile and does not respect customers’ rights or interests.

Caution Investors Capital Focus (clone) – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Capital Focus (clone): A Boiler Room Scam to Avoid

Overview:

If you are looking for a reliable and trustworthy investment firm, you should steer clear of Capital Focus (clone). This company is a suspected boiler room scam that has been targeting unsuspecting investors with offers of high returns on dubious or non-existent shares. The Dutch Authority for the Financial Markets (AFM) has issued a warning against this company and advised consumers not to respond to its solicitations.

Regulation and Compliance:

Capital Focus (clone) is not regulated by the AFM or any other reputable financial authority. It does not have an AFM license or a European Passport, which means it is not authorized to provide investment services or products in the Netherlands or in the European Union. It is also not registered with any other regulatory body or trade association that could offer some protection or recourse to investors.

Customer Reviews:

There are no positive customer reviews for Capital Focus (clone) online. On the contrary, there are several complaints and reports of fraud and deception from people who have been contacted by this company. Some of the common red flags are:

– Unsolicited phone calls or emails from Capital Focus (clone) offering investment opportunities that sound too good to be true.

– High-pressure sales tactics and aggressive persuasion to invest quickly and transfer money to foreign bank accounts.

– Lack of transparency and disclosure about the company’s background, credentials, fees, risks, and terms and conditions.

– Inability or refusal to provide any proof of identity, registration, license, or authorization.

– Difficulty or impossibility to withdraw money, cancel transactions, or contact the company after investing.

Products and Services:

Capital Focus (clone) claims to offer a range of investment products and services, such as stocks, bonds, commodities, currencies, options, futures, and derivatives. However, these products and services are either worthless or non-existent. The company does not have access to any legitimate markets or platforms where it can execute trades or transactions. It also does not have any expertise or experience in the financial sector. The company’s sole purpose is to collect money from investors and disappear with it.

Location:

Capital Focus (clone) claims to be based in Amsterdam, the Netherlands. However, this is a false address that does not belong to the company. The company’s website, phone number, and email address are also fake and untraceable. The company operates from offshore locations that are outside the jurisdiction and reach of the Dutch authorities.

Customer Service:

Capital Focus (clone) does not provide any customer service or support to its investors. Once the money is transferred, the company becomes unreachable and unresponsive. The company’s website, phone number, and email address are either disconnected or ignored. The company does not have any physical office or representatives that can be contacted or visited.

Conclusion:

Capital Focus (clone) is a boiler room scam that should be avoided at all costs. It is not a legitimate investment firm, but a fraudulent scheme that preys on unsuspecting investors. The company has no regulations, no reputation, no products, no services, no location, and no customer service. It only has lies, deception, and theft. If you have been contacted by Capital Focus (clone), do not engage with them or give them any personal or financial information. If you have already invested with them, report them to the AFM and seek legal advice as soon as possible.

Caution Investors Emarket-24 – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)

Emarket-24 Review: A Suspected Boiler Room to Avoid

Overview:

Emarket-24 is a company that offers online trading and investment services to clients worldwide. However, a shadow of doubt hangs over the company’s legitimacy. The Dutch Authority for the Financial Markets (AFM) has raised suspicions that Emarket-24 might be a boiler room operation, engaging in fraudulent and deceptive practices. In this comprehensive review, we’ll delve into the background, regulatory status, customer feedback, product and service offerings, the company’s stated location, and the quality of its customer service. We’ll conclude by explaining why you should think twice before considering Emarket-24 for your financial ventures.

Regulation and Compliance:

When evaluating a trading or investment platform, one of the most crucial aspects to consider is its regulatory standing and compliance with industry standards. Regulation serves as a safeguard, ensuring that the platform operates transparently, fairly, and securely while protecting customers’ rights and interests. Compliance implies adherence to the rules and guidelines set by regulatory authorities, and maintaining ethical and professional standards.

In the case of Emarket-24, it falls short in these critical areas. The company lacks a valid license or authorization from any recognized regulatory body. Although Emarket-24 claims to be registered in St. Vincent and the Grenadines, this registration doesn’t equate to proper regulation or supervision by any reputable authority. Notably, St. Vincent and the Grenadines is well-known as an offshore jurisdiction that does not oversee financial service providers.

What’s more concerning is that the AFM issued a warning on September 21, 2023, indicating Emarket-24’s status as a suspected boiler room. You can find this warning here: . A boiler room typically refers to entities that employ aggressive and misleading sales tactics to entice potential investors into purchasing worthless or non-existent shares. The AFM reports that Emarket-24 has been reaching out to individuals unsolicited, offering investment proposals—an alarming form of cold calling.

Emarket-24’s lack of regulation, and compliance, and the AFM’s warning suggest that the company may be operating unethically and illegally. Engaging with such an entity poses a significant risk, potentially leading to financial loss, identity theft, or other fraudulent activities.

Customer Reviews:

Another telling indicator of a platform’s credibility and reputation lies in customer reviews and feedback. These reviews offer insights into a platform’s performance, reliability, and customer satisfaction, along with revealing any issues or problems encountered.

Unfortunately, Emarket-24 doesn’t fare well in this aspect. Genuine positive reviews of the company are conspicuously absent. Instead, the majority of reviews paint a bleak picture. Customers have reported falling victim to scams, being unable to withdraw their funds, experiencing harassment from the company’s sales agents, and receiving false or misleading information. Additionally, customers claim that Emarket-24’s customer service is unresponsive and unhelpful.

These reviews collectively depict Emarket-24 as a company that prioritizes profit over customer well-being, neglecting its responsibility to ensure customer satisfaction. The absence of evidence supporting the company’s legitimacy and its inability to address customer complaints underscores its negative reputation.

Products and Services:

Emarket-24 claims to provide a range of financial products and services, including forex trading, stocks trading, commodities trading, cryptocurrencies trading, indices trading, CFDs trading, ETFs trading, options trading, futures trading, bonds trading, mutual funds trading, and more. The company also touts access to various trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and Mobile Trader. It offers various account types, each with its minimum deposit requirement.

However, these claims lack substantiation. Emarket-24 fails to provide detailed information about its products and services, including features, specifications, benefits, risks, costs, fees, spreads, leverage, margin, execution quality, liquidity, and availability. Furthermore, the company doesn’t offer demo accounts, educational resources, market analysis, trading tools, or robust customer support. Policy terms and agreements remain undisclosed.

Emarket-24’s lack of transparency and clarity raises concerns about the legitimacy of its products and services. The absence of support or assistance exposes customers to significant risks.

Location:

Emarket-24 states its address as Suite 305, Griffith Corporate Centre, Beachmont Kingstown, St. Vincent and the Grenadines. However, this address is questionable as it’s often used by dubious companies operating from offshore jurisdictions. As previously mentioned, St. Vincent and the Grenadines is a well-known haven for unregulated financial service providers aiming to evade oversight. The company doesn’t provide contact details, such as a phone number or email address, adding to the uncertainty surrounding its location.

In essence, Emarket-24 lacks a verifiable physical presence and may be operating from an undisclosed location. The absence of proper contact information raises suspicions of deception.

Customer Service:

Emarket-24 claims to maintain a professional and dedicated customer service team available around the clock. However, many customer complaints suggest otherwise. Customers report unresponsiveness, rudeness, and a lack of professionalism from Emarket-24’s customer service. They feel ignored, disrespected, and unsatisfied with the support they receive.

In summary, Emarket-24’s customer service is either non-existent or grossly inadequate. The company fails to fulfill its obligations to customers, making it a poor choice for those seeking assistance or support.

Conclusion:

Emarket-24 raises significant red flags and is not recommended for those seeking a reliable and trustworthy trading or investment platform. Other regulated, reputable, and customer-oriented alternatives are available. It is essential to conduct thorough research and due diligence before engaging with any platform, examining factors like regulation, reputation, product offerings, location, and customer service. In light of Emarket-24’s concerning profile, it’s advisable to steer clear of this company and others like it, which may be engaged in boiler room activities. Your financial security is paramount, and a well-informed decision is key.