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scam reviews 2023

TG Coin Capital Limited Review

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TG Coin Capital Limited

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Do You Want to Know If  TG Coin Capital Limited Is Legitimate or a Scam Broker? 

TG Coin Capital is a broker that you should watch out for, but not in a good sense. It’s been flagged by the OSC, so it can be safely said to be a suspected crypto scam. It has offered trading services without a license, which never benefits the client. They may promise huge returns and other perks, but their clients aren’t likely to see these returns or even their principal again. We recommend that you look for a licensed broker. 

There Are Some Problems with TG Coin Capital Limited

We can understand why TG Coin Capital Limited has attracted people who are more enthusiastic than knowledgeable about crypto trading. There is a fake review that is high on the search results list for this broker. The review makes it clear that it’s not a review at all but simply an ad. It says nothing specific about the credentials of the people who run the broker or licensing. Basically, it doesn’t tell us anything we would need to know before entrusting our money to a broker. Simply put, TG Coin Capital Limited isn’t a broker to be trusted. 

Red Flags that TG Coin Capital Limited Could Be a Scam Broker

  • No license
  • Flagged by OSC
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from TG Coin Capital Limited, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with TG Coin Capital Limited 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

Bituuex Review

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Bituuex

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

If you’ve come across Bituuex and are wondering if they are offering a legitimate service, stop wondering. This broker has been flagged by major regulators including the OSC and it has many characteristics of a typical scam broker. It has no license and it doesn’t let clients know who is running it. This isn’t good enough. You should be able to truly trust a broker if you trust them with your money. There is no sense in handing over a large amount to someone who is going to disappear with it. 

There Are Some Problems with Bituuex

We couldn’t find out the names of the people who run Bituuex. This is a bad sign. Any legitimate broker is transparent about the brokers who run it. In fact, professionals use the website as a chance to shine and highlight their strengths. Instead, the people who run Bituuex seem to be crouching behind the site and its extravagant promises of outsized returns. There isn’t any reason to trust Bituuex. 

Red Flags that Bituuex Could Be a Scam Broker

  • Flagged by OSC
  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Bituuex,Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Bituuex 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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Articles

Is Binance in Trouble?

Binance has been the largest and most influential crypto platform since it burst on the scene in 2017. However, the FTX collapse, growing crypto skepticism and legal questions surrounding Binance have raised questions about the future of this platform. 

Given the fluctuations in cryptocurrency and the domino-like fall of crypto companies experts are casting doubt on even the leaders on the crypto scene, as reported by Fortune. FTX seemed like a legitimate exchange until founder Sam Bankman-Fried was found to have been involved in the criminal shuffling of funds and dumping his own token to cash out ill-gotten gains. 

With FTX Collapse, Questions Arise About Binance

The crypto sector is considered by some to be guilty by association, perhaps unfairly. However, there are some questions about Binance that may make its future seem less than absolutely certain. 

Even before the FTX collapse, Binance was faced with investigations from regulators concerning money laundering and violations of sanctions. Worse yet. Around the time of the FTX collapse, customers withdrew billions from their accounts. This kind of sudden increase in withdrawals may be a sign of wrongdoing or association with crypto scams. 

Although some experts wonder if Binance is in trouble, insolvency isn’t on the list of concerns. It’s clear from looking at blockchain transactions that the Binance is well-capitalized and holds bitcoin and liquid assets. 

Insolvency was a factor in the FTX collapse, and it doesn’t seem that, if Binance heads south, its story will be similar to FTX. Although Binance chief Changpeng Zhao acknowledges that crypto is at an “historic moment” and there are headwinds, Binance’s finances seem secure. 

Why Were There So Many Withdrawals from Binance?

However, the fact that Binance withdrawals in the aftermath of the FTX collapse amounted to $3.6 billion in one week with $2 billion in just one day. According to some reports, the total amount may be as high as $6 billion or $8 billion, and there is an indication that the Justice Department is investigating these sudden and large withdrawals. 

Another worrying detail is that Binance halted withdrawals in US dollar backed coins USDC. The inability to fulfill these withdrawals in USDC has sparked concern that Binance has been backing loans in its own currency, BNB, similarly to the way FTX relied on its own token.’

Changpeng Zhao tried to reassure Binance users on social media and stated that withdrawals were not at their highest level after the FTX collapse. Zhao also said that deposits were increasing and headed back to normal levels. 

Binance Fixes Its Image

Since it rose to prominence in 2017, Binance has cultivated a cowboy image. Crypto enthusiasts tend to enjoy freedom from regulations and maintain an independent spirit. However, this Wild Wild West nostalgia has a high price tag. The rising number of crypto scams and the collapse of crypto platforms has caused crypto users to clamor for regulations and oversight. 

This requires an image change for Binance and Changpeng Zhao. Recently, the company has requested an audit to prove that customer accounts are backed 1:1. However, questions arose over the fact that Binance hired the South African branch of the global firm Mazars to perform the audit instead of the Big Four banks. 

Some experts dismissed the audit as worthless and wonder what Binance has to hide. Concerning questions about the use of its own token BNB, in Binance’s defense it is the fifth largest cryptocurrency and not some worthless token. Nonetheless, Binance officials have insisted that they don’t back loans with BNB. 

One thing is clear; even if Binance doesn’t have anything shady to hide, it will have to shed its maverick image and cooperate with regulators. This is true not only of Binance but other crypto exchanges who want to distinguish themselves from crypto scams, maintain their reputations and protect their customers. 

Have You Lost Money on a Crypto Scam? Contact Broker Complaint Registry

Contact Broker Complaint Registry if you are trying to get your funds back on the blockchain. We deal with a variety of issues, including data theft, crypto scams and broker fraud. Our team will refer you to experts who have vast experience dealing with regulators, banks, and law enforcement. We will provide advice and can draft an intelligence report to help you resolve the issue.

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scam reviews 2023

CMC Bits Review

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CMC Bits

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

If you’ve run across the broker CMC Bits, we certainly hope you didn’t open an account with them. This is one of the most obvious suspected scams we’ve come across. There are plenty of problems on the surface, but where these issues become really apparent are the huge fees and spreads they charge. CMC Bits claims to hold a license from St. Vincent and the Grenadines. Not all offshore brokers are scams, but this has to be seen to be believed. 

There Are Some Problems with CMC Bits

The trading conditions are awful. We don’t see how anyone who did comparison shopping among online brokers could have still chosen CMC Bits. Its pips are 4.5 which is terribly high. Its  deposit is more than double the average amount at $250. The fees are where we really see a scam at work. It levies huge withdrawal fees of between $50 and $300. Typically brokers may ask for 1% or 2%. There is no excuse for this. In addition, it levies a $90 inactivity fee if you go just one month without trading. This is preposterous. We can’t believe how bad this broker is. 

Red Flags that CMC Bits Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from CMC Bits, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with CMC Bits 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

EXBANK Review

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EXBANK

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

EXBANK sounds like it is a bank that isn’t in operation anymore–as in Ex-Bank. It may well be an ex-broker by the time you read this review. As it stands now, EXBANK claims to offer trading services yet it has no license and has been flagged by the OSC. Its website pretty much confirms our suspicions about this broker. It boasts that it offers decentralized platforms as if that is something new. To a typical crypto scam, this is just a code word for, “The regulators aren’t watching what we are doing.” Well, the OSC certainly has noticed and has warned the public about this broker. 

There Are Some Problems with EXBANK

We looked at EXBANK site and there was nothing to inspire confidence. Usually, when a broker has thorough terms and conditions, that’s a sign of transparency. Instead, the terms and conditions contained a lot of unprofessional-looking screaming all-caps. Rather than protecting the consumer, about 90% of the terms and conditions were concerned with protecting EXBANK from lawsuits and defending itself against customer complaints. This isn’t a good sign. 

 

The About Us and Media page contained no information about who runs the brokerage. Instead, there was a lengthy article about the history of bitcoin and cryptocurrency. We don’t recommend opening an account with this broker, because it clearly has something to hide.

Red Flags that EXBANK Could Be a Scam Broker

  • No license
  • Flagged by OSC
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from EXBANK,Talk to Us

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

 Tradereview Review

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Tradereview

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

Tradereview is a broker that toots its own horn. It has a large social media presence and has inauthentic reviews on the web. In one review, it doesn’t really say anything about itself, but instead talks about the advantages of trading stocks and forex. There is no indication of who runs this brokerage, though or any proof of licensing. Don’t open up an account with any broker that doesn’t provide proof of licensing. 

There Are Some Problems with Tradereview

Also, be careful of fake reviews. Tradereview has a lot of them. Maybe that’s one reason it calls itself Tradereview. The review doesn’t tell us anything we need to know about the broker–not licensing, who runs it, terms and conditions, or anything useful. If a broker doesn’t give you any information about itself, why would you trust them with your money? There is no reason why you should open an account with a broker that doesn’t identify itself. 

Red Flags that Tradereview Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Tradereview,Talk to Us

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

 Trade Union.Pro Review

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Trade Union.Pro

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Do You Want to Know If Trade Union.Pro Is Legitimate or a Scam Broker? 

Trade Union.Pro is not really a trade union. In fact, we doubt it’s really a broker. Trade Union.Pro says that it offers trading services and offers forex, stocks and other assets. However, it doesn’t show any proof of a license or any information that identifies the people who run it. Trade Union.Pro shows many signs of being a scam. In addition to not providing licensing information, it has a high deposit and excessive fees. 

There Are Some Problems with Trade Union.Pro

Trade Union.Pro isn’t the kind of broker you should rely on. It’s an offshore broker. Location shouldn’t make a difference, but it is in a region where many dodgy businesses and brokers take up residence so they can evade regulations and tax laws. Sooner or later the authorities catch up with them, but before that, they can rob thousands of clients. Don’t take a chance–avoid this broker. 

Red Flags that Trade Union.Pro Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Trade Union.Pro, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Trade Union.Pro 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

 Investments Global Review

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Investments Global

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

Investments Global is a neutral-sounding name. However we can’t be blase about this broker, not after what we have heard. We work closely with clients who have lost money to this broker. We don’t just mean that they were unlucky with trades. This broker seems to have taken funds from clients who trusted them. Our clients who entrusted their funds with Investments Global have told us they can’t withdraw their funds. This isn’t a good sign. 

There Are Some Problems with Investments Global

We have looked into Investments Global and there isn’t any reason to trust this broker. There is no evidence of a license or proof that anyone has made money with them at all. There is very little transparency and no indication of who runs Investments Global. We couldn’t find enough information about Investments Global’s services to understand why anyone would trust this broker. Don’t open an account with Investments Global

Red Flags that Investments Global Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Investments Global, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Investments Global 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

 5Markets Review

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5Markets

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Do You Want to Know If 5Markets Is Legitimate or a Scam Broker? 

5Markets–we don’t know which 5 markets they are talking about–isn’t even licensed to offer brokerage services in one market. 5Markets has no license at all. They claim they are licensed by St. Vincent and the Grenadines, which is a safe haven for scam brokers. They offer people a fake certificate that doesn’t mean anything at all. This doesn’t entitle them to operate as brokers and manage people’s money. In addition, 5Markets has been flagged by the SFC and the BCSC–major regulators who have said this broker is a scam. 

There Are Some Problems with 5Markets

5Markets offers undesirable trading conditions. First of all, it doesn’t offer the industry-standard MetaTrader 4 or 5. Its own web based platform is unsatisfactory. Also, its minimum deposit is very  high, so are the pips, and this broker charges you many fees, including a high withdrawal fee. There is no way this broker is regulated–it breaks so many rules its almost unbelievable. Stay away from 5Markets.

Red Flags that 5Markets Could Be a Scam Broker

  • No license
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from 5Markets, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with 5Markets 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

 Trade Alliance LP Review

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Trade Alliance LP

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

Trade Alliance LP seems like a real broker. Its site looks professionally designed and it provides legal documentation. Trade Alliance LP also seems to be regulated–at first glance. However, we took a closer look and realized that there are some dangerous games going on with Trade Alliance LP. They claim to be run by a licensed company, but don’t prove that this is the case or that it is regulated by the FCA. 

There Are Some Problems with Trade Alliance LP

There is one clue that Trade Alliance  LP isn’t regulated at all–it offers bonuses and high leverages that aren’t permitted to EU or FCA regulated brokers. Its leverage is 1.500 which is dangerously high. This level of leverage is intended to cause clients to become indebted to the broker and justify their refusal to grant withdrawals. The deposit of $250 is much higher than competitors. Also, it accepts deposits only in cryptocurrency, which isn’t a good sign either. 

Red Flags that Trade Alliance LP Could Be a Scam Broker

  • No license
  • Dangerously high leverage
  • No transparency
  • False claims
  • Bad reviews

If You Need Fund Recovery from Trade Alliance LP, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Trade Alliance LP 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 report