Expert Reviews

Clearsave review – 5 things you should know clearsave.io

Clearsave says to be a leading provider of online trading services, offering traders a world- class trading experience with over 250 instruments, including forex pairs and CFDs on spot metals, stocks, futures, spot indices and commodities, all of which on the industry standard MetaTrader4 platform. This may sound as a fine offer, was it not for the fact that Clearsave is a unregulated, offshore broker with virtually no credibility. Clearsave regulation & safety of funds Clearsave is an offshore broker, owned and operated by the St Vincent and the Grenadines based Lagoon Technologies Ltd. Apart from the offshore registration, which makes Clearsave rather anonymous, the bigger problem is that the broker is not regulated, as it should be, which basically means that their credibility borders zero. Unlike brokers, which have legit licenses to operate in Europe, the UK or Australia, unregulated brokers are completely unaccountable fore the way they handle their clients money, and more often than not are simply involved in scam. Brokers, licensed by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) on the other hand are reliable trading partners as they duly abide by strict rules and are subject to a strict regulatory control. What is more, with brokers, regulated in the UK you will get the additional protection of a special client compensation fund, which basically insures your trading account for up to 85 000 GBP. Clearsave deposit/withdrawal methods and fees Clearsave says to accept VISA and MasterCard, bank wire, crypto coins and a couple of e- wallets including EntroPay and PostePay. Unfortunately we were not able to verify this, so here our best advise is to stick with the more conventional payment methods like VISA and MasterCard, if they are truly offered. The reason is that with major cards like VISA and MasterCard you will be able to file for a charge back in case you realize you are a victim of a scam. Payment methods are not our biggest worry with Clearsave though. Our problem is that they say to offer a Savings Account, which according to their presentation comes with fixed, guaranteed returns – in one section of the presentation they quote monthly returns of up 45%, while in another returns of between 5% and 25%. See for yourself: No matter what the promised percent is, the problem is that these are basically managed accounts, as is the Clearsave Auto Trade Account: Irrespective of whether you are told that your trades will be managed by a special trading software, as is the case with the Auto Trade Account, or if they will be managed by your account managers – this is a clear indication that we are dealing with scammers. Clearsave, as virtually all forex and CFD brokers, are market market makers, which means that they make money whenever their clients lose. So it is more than obvious that if you let Clearsave to manage your trading account, they will have the incentive to mismanage it in order to lose your money for their own profit. This is an example of a conflict of interest. Also, it is highly misleading if a broker says your profits are guaranteed. Trading leveraged instruments involves a high degree of risk – actually, the percent of traders who lose money even with perfectly legit and regulated brokers is between 75% and 85% on average. The exact figure is published by every broker in the EU and the UK. Furthermore you should be aware that Clearsave offers trading bonuses, which is yet another worrisome sign. The problem with all trading bonuses is that they come with additional withdraw conditions – in this case Clearsave requires you to trade the bonus amount divided by 2 in lots before you will be allowed to withdraw anything from your account. Take a look: And take a look as well that Clearsave reserves the right to change their bonus policy on their sole discretion, without a prior notice, which kind of explains why you may never be able to reach the above mentioned minimum trade volume requirement, which is quite a serious task even as it is. If you receive 200 USD as a bonus, you will have to trade no less than 10 000 000 USD in order to get a clearance to withdraw. And we should not forget the fixed 30 USD commission Clearsave charges with every withdraw request – basically, you will be penalized with 30 USD even if your withdraw request is canceled. Bear in mind as well that trading bonuses are one of the favorite tools, used by scammers, when it comes to finding a pretext to refuse a withdraw. How does the scam work? Social media like Facebook and Instagram and the Internet as a whole are full of questionable ads, promising investment opportunities with guaranteed returns. And if you click on one of those ads, you will visit one of the so called robo scam websites like Crypto Engine and Crypto Master Bot where you will be invited to join some innovative trading platform, where some special trading software is supposed to generate you fantastic returns, while you seat back and watch your balance grow. And if you do register, filling the simple registration form with your e-mail and phone, in a second you will be redirected to the website of a unregulated, offshore broker like Clearsave, where you will be asked to deposit about 250 USD. Next, either you will be offered the service of a professional account manager, who will be supposed to take care of your trades – we already discussed why managed accounts are a clear indication of a scam – or you will be left to trade by yourself and your trading results will be spectacular. That however will not be real as your trading account will surely be manipulated – scammers can do that easily – with the sole intention that latter you will deposit more. And you will be receiving daily calls by your account manager, who will be trying to persuade you to do exactly this – to deposit as much as you can. Finally, when you attempt to make a withdraw out of the blue you will be explained that you are not eligible to do so, because of your welcome bonus minimum deposit requirement. There could be other excuses as well but the bottom line is that you will not be allowed to withdraw a single dollar. What to do if scammed? Your best chance to recover your stolen funds is to file for a charge back with your credit card provider, meaning your local bank, in case you have paid with VISA or MasterCard. In both cases you will be able to request a charge back within 540 days. And if for any reason you have told scammers your credit card number, card security code or online banking password, or if you have been mislead to install a remote desktop application like Team Viewer or Any Desk, immediately cancel your credit card, delete the application and change your online banking password. Finally, be aware of the so called recovery agencies as well. You will simply be asked to pay some fees in advance and that will be all. You will not get any service.
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SkyRocketFX review – 5 things you should know skyrocket-fx.com

SkyRocketFX says to be a California base online investment platform focused on crypto currency and forex trading. And they urge potential clients to build their financial future by joining one of SkyRocketFX’s investment plans with assurance of guaranteed returns. If you see this as a profitable investment opportunity, we would rather suggest that you read the following review. SkyRocketFX is an anonymous, unregulated website, which our research confirmed is involved in scam. SkyRocketFX regulation & safety of funds SkyRocketFX says to be headquartered in California, but if you pay a closer look at their presentation you will realize that their website is completely anonymous. They do not bother to mention what is the name of their company, nor where it might be based and incorporated. And naturally, SkyRocketFX does not mention anything about a license either. Bear in mind that all brokers, which are legally authorized to target U.S. citizens have to be licensed as futures commission merchants (FCM) and foreign exchange dealers (FED) at the U.S. Commodity Futures Trading Commission (CFTC) and to be members of the National Futures Association (NFA). We did check the NFA registers and no entry relating to SkyRocketFX was to be found there. What is more, a broker regulated in the U.S. has to meet a steep capital requirement – the minimum operational capital should at no time go under 20 000 000 USD, which kind of explains why just a handful of really big brokers have licenses to operate in the U.S. SkyRocketFX deposit/withdrawal methods and fees The only payment method available at SkyRocketFX are bitcoins – you are advised to buy bitcoins from an exchange and then to invest them with SkyRocketFX, choosing your investment plan, which is supposed to generate you guaranteed returns. And SkyRocketFX even presents us with testimonials of happy clients, who claim to have their deposits tripled in just a week. There are a couple of problems with all of that, starting from the fact that trading the forex and even more so the crypto currency markets with leverage, is a high risk investment, which obviously means that there could be no guaranteed returns. As a matter of fact, regulated brokers in Europe and the UK are obliged to publish the exact percent of traders, who lose money while using their platforms – a percent that ranges between 75% and 85% on average for the industry. And there is another, even more serious issue. As we understand from their presentation SkyRocketFX offers to manage your trading account with a “team of expert traders”. The problem here is that like virtually all forex and CFD brokers, SkyRocketFX act as market makers, which in practice means that they make money whenever traders lose. So it is also obvious that if you leave market market makers like SkyRocketFX to manage your trading account, they will have the natural incentive to mismanage it and “lose” your money in their own pockets. This is called conflict of interest and it is also the reason why regulated brokers never offer their clients to manage their trades. Honestly we are not surprised that SkyRocketFX promises spectacular returns and managed accounts, as we already established that they are a scam. And one final note. The fact that SkyRocketFX accepts payments solely with bitcoins, means that you will not have the option to file for a charge back, when you realize you have been scammed. Bitcoin payments and crypto payments in general are 100% irreversible and pretty anonymous as well. If you were allowed to pay directly with VISA or MasterCard on the other hand you will have the option to file for a charge back within 540 days. That is why scammers prefer to receive payments with bitcoins or other crypto coins. How does the scam work? And here is how the scam works. In SkyRocketFX Terms and Conditions we came across three peculiar clauses – that “you should not invest lower than your previous profit”, that “upgrading of an account would be required at a certain stage of your investment”, and that “if you are awarded a bonus, tax fee is required to be paid”. See for your self: So imagine that you chose the opening investment plan with SkyRocketFX, where you are required to deposit only about 200 USD in bitcoins. The balance of your account will miraculously start growing and pretty soon it will surpass a certain amount, at which point you will be required to upgrade your account – meaning that you will have to deposit another 3000 USD before you will be allowed to request a withdraw. At least that is what you will be told. Of curse your account will surely be manipulated and the profits that you will see in your balance will not be real. SkyRocketFX has five investment plans so you may easily end up depositing 30 000 USD or even 150 000 USD with the promise that afterwards you will be able to withdraw a couple of millions. An there is the clause that if you are awarded a bonus, you will have to pay some taxes in advance. This again means that you will be required to send scammers yet more money, before you will be allowed to file a withdraw request, and also means that you may never be eligible to request a withdraw, as bonuses come with minimum trade volume requirements. What to do if scammed? As we already noted, your only chance to recover your deposit is to file for a charge back with your local bank in case you have paid with VISA or MasterCard. And you will be able to file for a charge back if you have paid with one of the major e-wallet providers like Skrill, PayPal, or Neteller too. If you have paid with bitcoins on the other hand you will not be so lucky. And be aware as well that if under any pretext scammers have tricked you to tell them your credit card number, card security code and online banking password, immediately block your credit card and change your password. That applies as well if you have been tricked to install and share the installation details of a remote desktop platform like Team Viewer or Any Deck. If you were convinced to install such a program under any pretext, delete it immediately and cancel your credit cards, because scammers, gaining access to your PC and banking details, would surely attempt to steal money directly from your bank account. Finally, do not accept any offers by the so called recovery agencies. They will not help you recover a single dollar, but simply will ask you to pay them a commission in advance, basically scamming you once again.
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AlphaCryptoMarket review – 5 things you should know alphacryptomarket.com

AlphaCryptoMarket is presented as one of the leading binary options, forex and CFDs platforms in the United States, properly licensed and authorized not only there, but also in the European Union and Belize. That surely sounds great, except that it is not true. If you are about to deposit your funds with AlphaCryptoMarket, think again and read the following review. AlphaCryptoMarket regulation & safety of funds AlphaCryptoMarket says to be owned and operated by ALPHA CRYPTO MARKET LTD, which is presented as a legal investment company incorporated in the United States, with headquarters in Texas. And AlphaCryptoMarket also says to be regulated by the Commodity Futures Trading Commission (CFTC) – the regulator governing the U.S. financial markets, the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) in Belize. See for yourself: All those claims, however, turned out not to be true. No company by the name of ALPHA CRYPTO MARKET LTD is to be found in the registers of the above mentioned institutions. Besides, for a broker to be licensed and authorized to operate on U.S. soil it also have to be a member of the National Futures Association (NFA) and to maintain a minimum operational capital of no less than 20 000 000 USD – an amount roughly equivalent to the capital required for the registration of a Swiss bank. That explains why just a few major brokers are licensed to operate in the U.S. Basically dealing with unregulated websites like AlphaCryptoMarket is how people get usually scammed. Brokers regulated by CySEC in Cyprus or any other national regulator of the 27 EU member states, as well as the the Financial Conduct Authority (FCA) in the UK, on the other hand, can be trusted, because they are subject to strict oversight and have to follow strict rules – both fiscal and ethical, as for example to report all client transactions, to allow external audits, to maintain at least 730 000 EUR as a minimum operational capital, to keep their clients’ funds in a segregated from their own trust accounts and even to insure their clients funds. Thus with a broker truly regulated by the FCA your funds will be protected for up to 85 000 GBP. AlphaCryptoMarket deposit/withdrawal methods and fees AlphaCryptoMarket says to accept payments with various crypto coins including Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin, as well as a few e-wallets, namely Payeer and Perfect Money. AlphaCryptoMarket, however, does not seem to accept credit cards and that is peculiar, because if you have paid with a credit card you can always file for a charge back, while if you have paid with crypto coins you will not have such an option. Actually that explains why crypto payments are a payment method of choice for scammers worldwide. Otherwise the minimum deposit requirement is 500 USD, which is also twice higher than what traders would usually expect with most brokers. How does the scam work? For a successful scam operation first of all scammers need to get to your e-mail and phone. And they collect phone numbers and e-mails with aggressive ads on social networks like Instagram and Facebook, which lead to specially designed websites, like Crypto Engine and Crypto Master Bot. We have dubbed those websites “robo scam websites’, because there potential victims are lured with promises of guaranteed returns with a minimum investment and no risk whatsoever. And if you visit a website like this and get interested, you will be asked to fill a small registration form with your e-mail and phone. That is how scammers get to your contact details. Next you will be transferred to the website of a unregulated scam broker and will start receiving daily calls from your so called dedicated account manager, who basically will be telling you to deposit as much as you can – you will be explained that this is the only way for you to start making real money. And everything will look great until the moment you decide to withdraw some of your money. The excuses why you can not withdraw may be various – you will told that you have not met some minimum deposit requirement, linked to your welcome bonus, or that first you have to pay some additional fees, or that you have to upgrade you account (which basically means that you will be asked to send scammers yet more money). Whatever you may be told, the bottom line is that you will not be paid a single dollar back. What to do if scammed? You may still have an option to get your deposit back, if you have paid with a major credit or debit card like VISA or MasterCard, or by a major e-wallet like Skrill, PayPal, or Neteller. If you were lucky to have used one of the above mentioned payment methods you will be able to file for a charge back with your local bank, if you have paid with VISA or MasterCard, or directly with the payment provider, if you have paid with Neteller, Pay Pal or Skrill. If you have paid with crypto coins though, we are quite skeptical that you will be able to recover anything. And if you have been tricked to install one of those remote desktop applications like Any Desk or Team Viewer, or the scammers have convinced you to tell them your credit card number, card security code or online banking password, immediately block your credit card, delete the remote desktop application and change the password. Otherwise scammers will have full access to your credit card and bank account. And if by any chance you get approached by one of those recovery agencies, do not agree to any of their proposals. They will not recover any of your lost funds, but simply will make you pay them some money up front and basically that will be the end of the story.
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CapitalGrowth review – 5 things you should know capital-growths.com

CapitalGrowth says to be a trustworthy and lucrative UK investment platform, especially designed to guarantee you great earnings. And they promise returns as high as 5,5% an hour, with no need to bother to trade yourself – all you have to do is register, invest and relax. This really sounds fantastic and yet you should think twice before making a deposit with CapitalGrowth, because this is classic example of a scam – unregulated website, which on top of that turned out to be virtually anonymous. CapitalGrowth regulation & safety of funds CapitalGrowth says to be a UK registered broker and as such it should be regulated by the local Financial Conduct Authority (FCA). That is not the case however. Not only that CapitalGrowth can not be found in the FCA registers, but in reality their website is virtually anonymous – we can not even be sure about the name of their company. They mention “Capital Growth Limited” as well as “capital-growths.com Financial Limited”, but when we checked the registration number they have provided us in the UK Companies House – the archive with all legal entities in the UK – it turned out the number belongs to a completely different company – Bitwaves Financial Limited, which on top of that has been dissolved in March 2019. See for yourself: So basically CapitalGrowth is an obvious scam, but you should make sure to avoid unregulated brokers all together, because unregulated brokers are simply not accountable for the faith of your money, and as a rule will not allow you to withdraw a single dollar. CapitalGrowth deposit/withdrawal methods and fees Despite the various logos of e-wallets and payment providers on the CapitalGrowth homepage, when we completed our registration and attempted to make a payment it turned out the broker accepts payment only with bitcoins. See for yourself: Keep in mind that bitcoin payments and any crypto payments in general are 100% irreversible, which makes them a perfect choice for scammers. Using a more conventional payment method on the other hand – a major card like VISA or MasterCard, will leave you with an option to file for a charge back, if you realize you have been scammed. That is why we advice you to avoid crypto payments with online brokers and to use your VISA or MasterCard instead. Furthermore, there is something fundamentally flawed with CapitalGrowth’s offer in general. CapitalGrowth promises guaranteed returns – 5,5% after just 1 hour, and as we noted, all you have to do is “register, invest and relax” – CapitalGrowth say they will do the trading for you so you do not have to worry about a thing. See for yourself: There are two problems with that. First, like virtually all forex and CFD brokers, CapitalGrowth act as market makers, which means they make money when traders lose. So it is quite obvious that if you trust market makers with the task of managing your trading account, they will have the incentive to mismanage it and lose your funds for their own profit. That is called conflict of interest and that is also the reason why regulated brokers never offer managed accounts. Of course, there are big investment advisers like Vanguard or BlackRock, which do provide investment management service, but they are not brokers and are subject to even stricter regulations. And second, trading forex and CFDs is a high risk investment and legit brokers, regulated in the EU or the UK are even required by law to publish the exact percent of traders, who lose money while using their platforms. That percent on average ranges between 70% and 85%. So far with the guaranteed returns promised by CapitalGrowth. How does the scam work? As a rule people get scammed, when they register with a unregulated broker. It is good to known however, how they happen to stumble upon such a broker in the first place. Well, scammers are pretty well organized – they use call centers and aggressive advertisement campaigns on social channels like Facebook and Instagram. And they use the so called robo scam websites like Crypto Engine and Crypto Master Bot where you might be lured by promises of spectacular and risk free returns. And if you register with your e-mail and phone, you will be directly transferred to the web page of a unregulated broker like CapitalGrowth and will be offered a trading account with an initial deposit of about 250 USD. Take a note that your initial trades might be amazingly successful and your balance might seem to double in just a few days. That however will be done intentionally (scammers will be manipulating your trading platform) in order to convince you to deposit more. And that exactly will also be the message of your senior account manager, who by that time will be calling you virtually every day – if you do want to make some real money, you will surely have to deposit at least 10 000 USD or so. When you attempt to withdraw anything, however, you will be surprised to learn that you can not. Either some minimum trade volume requirement will be cited, or you will be told that in order to withdraw first you will have to upgrade your trading account to the next level by depositing let say yet another 1500 pounds. The story could be different for sure, but it will always come to the same – you will not be getting any money back. What to do if scammed? Your only chance to get your deposit back is to file for a charge back with your bank. That however might work only if you have paid with VISA or MasterCard. In case you have been tricked to pay with bitcoins you will not be able to recover anything. And if by any means scammers have tricked you to tell them your personal banking details like a credit card number, the card security code or your online banking password, or if you have been tricked to install Team Viewer or Any Deck, which are the most popular remote desktop applications, and share your installation details with the scammers, immediately cancel your credit card, delete the application and change your password. And if you are approached by one of the so called recovery agencies, do not trust them either. You will not be assisted in anyway. Instead, you will have to pay some commission in advance, which basically means that you will be scammed a second time.
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360SmartOptions review – 5 things you should know 360smartoptions.online

360SmartOptions says to be one of the leading platforms in the United States offering binary options, forex and CFDs, which services the European market as well with its Cyprus license. On top of that the broker promises profitable investments in bitcoins and boasts with multiple awards for being “the Most Trusted Binary Options Broker” in the industry with over 150 000 registered clients. Whatever 360SmartOptions may tell you, be aware that this bears all the hallmarks of a scam – the website is anonymous and the claims to be licensed in the U.S. and Europe false. 360SmartOptions regulation & safety of funds As we noted 360SmartOptions is completely anonymous. They do not have any corporate background – nowhere on their website do they mention the name of the company that runs their business, where it might be incorporated and where it might be based. And they do not bother to tell us what is their address or phone number either. Basically the only way you can contact the website is through an online chat application called tawk.to. And now about the 360SmartOptions claims that they are regulated in the U.S. by the Commodity Futures Trading Commission (CFTC), in the EU by the Cyprus Securities and Exchange Commission (CySEC) and worldwide by the International Financial Services Commission (IFSC) in Belize. Well, this is simply not true. For a forex broker to be licensed and authorized to operate on the U.S. market, it should be registered as a futures commission merchant (FCM) and a foreign exchange dealer (FED) with CFTC, and to be a member of the National Futures Association (NFA) – a membership that comes with very demanding requirements as for example to maintain a minimum operational capital of no less than 20 000 000 USD. In fact the requirement is prohibitively high even for most brokers in Europe, which explains why only a handful of brokers like OANDA, Ameritrade, Interactive Brokers, Forest Park FX and FastBrokers are authorized to operate on U.S. soil. As for the purported Cyprus license, we shall just note that since July 2018 all binary options bets have been banned in the European Union, so obviously, because 360SmartOptions is advertised as a binary options broker, it can not be licensed and authorized by CySEC to operate in the EU. So as we already noted, 360SmartOptions is a fine example of a scam website – totally anonymous and falsely claiming to be licensed and authorized on various major markets with the deliberate intention to hook for new victims. 360SmartOptions deposit/withdrawal methods and fees 360SmartOptions prefers deposits in bitcoins and this is no coincidence. If you pay with bitcoins or any other crypto coins for that matter, you will not be able to reverse the payment in any way, if you realize you have been scammed. On top of that all crypto payments are more or less anonymous, which kind of explains why crypto coins are a payment method of choice for all scammers. Otherwise our general advice when dealing with online brokers is to stick to more conventional payment options like VISA, MasterCard or major e-wallets like Skrill, PayPal, or Neteller. With major cards and e-wallets you will always have the option to file for a charge back if something goes wrong. How does the scam work? You should always remember that there is no thing like a free lunch. And yet scammers pretend to offer exactly this. They run numerous ads, which circulate the social networks, where potential investors are promised spectacular returns with zero risk involved and a symbolic investment. And you may also happen to come across one of scammers specially designed robo scam websites like Crypto Engine and Crypto Master Bot where again you you will be offered the investment opportunity of your lifetime, and all you will be asked to do is to leave your e-mail and phone. If you do register, right away you will be redirected to the web page of a unregulated, scam broker, where you will be offered to open a trading account with about 250 USD. Besides, trading with the scammers might seem like a lot of fun at least in the beginning. All your positions will be winning and pretty soon the balance of your account will seem to have doubled. That however will be just a part of the scam as your trading results will surely be manipulated with the idea that later you will be tempted to deposit more. And that is what your senior account manager will be telling you on the phone all the time – if you really want to make some big money, you should definitely invest more – at least 10 000 USD for a start. And then, when you request to withdraw some of your cash, everything will suddenly change. You will be told you have no right to withdraw, because you have not met some minimum trade volume requirement, you probably hear about for the first time. It could possibly be linked to your trading bonus or something else. No matter what the story will be, you can be sure that you will not be able to withdraw a single dollar. What to do if scammed? If you are a victim of a scam, your best course of action is to file for a charge back with your local bank, in case you have paid with your VISA or MasterCard. If you have paid with bitcoins, however, your funds will surely be lost. And bear in mind that if under any pretext scammers have tricked you to reveal your personal banking details like your credit card number, online banking password and card security code, or if they have tricked you to install a remote desktop application like Any Desk or Team Viewer, you may be sure that scammers will attempt to steal money directly from your bank account. In that case you should block your credit card immediately, delete the remote desktop application and change your online banking password. And do not accept any services from the so called recovery agencies. They will not help you to recover any of your funds, but simply will require some payments in advance, which will leave you with even less cash in the end.
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AdamantFX review – 5 things you should know adamantfx.io

AdamantFX is presented as an industry leading broker with over 10 year of experience, offering a selection of over 300 forex pairs and CFDs on indices, commodities and stocks, with a choice of 6 account types, including a cent and a micro account, leverage as high as 1:500 and the MetaTrader4 platform. If that sounds as the perfect trading partner for you, we strongly advice you to read the following review. AdamantFX is an anonymous, unregulated website, which according to our research is involved in scam. AdamantFX regulation & safety of funds At first glance the AdamantFX website looks perfectly legit. If you pay a closer look, however, you may notice that no where in the whole presentation do the broker mention the name of the company behind it, nor where it might be based and incorporated. And besides, a UK contact number and another from Kazakhstan honestly does not mean anything. So what we have here is an anonymous website, which unsurprisingly also happens to be unregulated. Bear in mind that all brokers targeting customers in the EU, the UK, the U.S., Canada, Australia or Japan should be properly licensed and authorized by the respective official financial regulator like for example the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC). Only that way you may trust an online broker, as regulated brokers are strictly supervised and have to adhere to strict rules. Furthermore, apart form the required minimum operational capital of no less than 730 000 EUR, EU and UK regulated brokers should also participate in client compensation schemes, basically insuring your trading capital for up to a certain amount – 20 000 EUR with most European regulators and 85 000 GBP with the FCA in the UK. Here, we should note as well that the MetaTrader4 platform available at AdamantFX is provided by a company called Lotens Partners Ltd., about which we know nothing – we do not known in what way Lotens Partners Ltd is connected to the broker – whether they own the website or whether they just provide the platform. In any case that does not change the fact that AdamantFX is anonymous. AdamantFX deposit/withdrawal methods and fees AdamantFX says to accept payments with credit cards like VISA and MasterCard as well as Paytrio Tinkbit and crypto coins. As this is a unregulated, anonymous website however, our best advice is not to provide scammers with your credit card number and card security code, because you may be sure that if you reveal your banking details your card will be drained right away. Otherwise the minimum deposit requirement is 250 USD. Another disturbing aspect of the AdamantFX offer is the fact that they appear to rum managed accounts. See for yourself: The problem with all managed accounts offered by forex brokers in general is that virtually all forex and CFD brokers, legit once including, act as market makers, which means that they make money whenever traders lose. So it is quite obvious that if you leave market makers like AdamantFX to manage your account under any pretext, they will have the incentive to mismanage it and “lose” your money in their own pockets. This is an example of a conflict of interest. Also, AdamantFX appears to collect upfront a 20% commission and some withdraw processing and handling fees, which is simply outrageous. See for yourself: And be aware of the trading bonuses AdamantFX offers, because they come with a minimum trade volume requirement, which scammers handily use as an excuse to cancel your withdraw requests. How does the scam work? You may come across an ad promoting lucrative investment opportunities on your Facebook or Instagram page. Or you may happen to receive an e-mail with similar promotions. Bear in mind that scammers do use aggressive marketing strategies and lots of resources, including call centers and specially designed websites like Crypto Engine and Crypto Master Bot which we call robo scam websites, and which function as traps for gullible investors. If you open a site like this you will be greeted by a cheese video ad, where you will be told how easily you can become filthy rich if only you agree to deposit a small amount of cash with some ground breaking trading app, which is supposed to automatically multiply your funds while you seat back and watch. Now, if you buy this and leave your e-mail and phone, you will be redirected to the homepage of a unregulated, scam broker like AdamantFX and pretty soon you will be contacted by your “account manager”, who basically will be trying to convince you to deposit as much as you can. And you will be assured that there is absolutely no risk, but that if you do want to make some real money you will definitely have to deposit at least 10 000 USD. And your trades will look pretty profitable until the moment you request to withdraw some of your funds. Than suddenly it will turn out that you are not eligible to withdraw, because you have not met some minimum trade volume requirement connected to your trading bonus. In the same time all of your positions will turn red and in no time your money will be gone. The story might of course be different, but the bottom line is always like this. Scammers will manipulate your trading results and will find some pretext to refuse to pay you back. What to do if scammed? Honestly, in case you have been scammed, your options will be quite limited. Your best move is to file for a charge back with your bank in case you have paid with VISA or MasterCard. Fortunately both VISA and MasterCard will allow you to file for a charge back within 540 days. No such option if you have paid with crypto coins though. And if scammers have tricked you to tell them you credit card number, card security code, or online banking password, immediately block your credit card and change the password. And if you were tricked to install Team Viewer, Any Desk or any other remote desk top application and share your installation details, delete the program as well. And finally, if you are approached by one of the so called recovery agencies do not accept their services. Those people will not help you to recover your stolen funds, but simply will make you pay some commission in advance, basically scamming you a second time.
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Europe Markets review – 5 things you should know about europe-markets.com

Europe Markets is a forex broker that advertises 250+ instruments to trade including forex, stocks, commodities and indices. They have three types of accounts – Bronze, Silver and Gold – that did not differ much in terms of the main trading conditions. Registration was a fairly easy, 2-step process that asked for First and Last Name and Account currency, then Contact information – Address, Phone number and Email address. We received a confirmation email in our mailbox, but as is often the case with such shady brokers, the credentials were listed in the email in plain sight – against any privacy guidelines. Europe Markets regulation & safety of funds Europe Markets is owned and operated by Safe Solution KFT, and claims to be registered in Hungary. The local regulator of financial services providers is the Hungarian National Bank (MNB), but checking their register for this broker did not return any results. In the Contacts page there is a phone number with a UK prefix, so in order to be thorough we decided to check the two main watchdog organizations in Europe as well – the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). As expected, there was no such broker licensed there too. In light of the absence of any regulation, the statements the brokerage make on their home page, that “Europe Markets is an internationally regulated broker” and “Client funds are held in segregated accounts for increased security” should be treated as very dubious. The above-mentioned agencies have strict rules in place to guarantee the stability of the brokerage, as well as the safety of the traders’ funds – in addition to the Client Account Segregation, there is Minimum Capital Requirements (€730 000) to safeguard the company’s good financial standing, and Compensation Schemes designed to provide additional security to clients’ funds and guarantee refunds of money lost up to a certain amount (85,000 GBP in the UK and 20,000 EUR in the EU). Europe Markets Trading Software Europe Markets offers the MetaTrader4 (MT4) platform to download and install as a desktop application, as well as iOS and Android mobile apps. MT4 is one of the most advanced trading platforms on the market, preferred by more than 80% of users around the world. It features an intuitive, user-friendly interface, advanced charting and analysis tools, as well as copy- and auto-trading options. Although we can see that some effort was spent on their website – to make it more flashy and attract investors, the trading area is quite lacking and looks completely incompetent in terms of user interface. All of the available links opened below the fold and one has to scroll down to see the information. Europe Markets Trading Conditions The spread we were offered for the EURUSD trading pair on the MT4 platform was 1.8 pips, which is considerably larger than what the brokerage advertises on its website: Although not as high as most scam brokers, we should note that most established and regulated brokers offer lower spreads – the lower the spread the higher the chances for a trader to make profits. We also see of a leverage of up to 1:400, and in the Account Types even higher – 1:500. Offshore brokers enjoy no restrictions on leverage and though high leverage provide huge profit potential, it also presents great risks to the traders because any losses incurred will be multiplied. That’s why EU and the US imposed leverage caps for retail brokers of 1:30 and 1:50 respectively. Considering the large spread and the high leverage we have enough reasons to be suspicious that the website may be involved in foul play and we recommend to our readers not to risk trading with them and steer clear from such offers. Europe Markets Tradings Deposit/Withdrawal Methods And Fees The minimum deposit amount for opening an account is 50 ($, € or £). In the client area we see several Credit Card deposit options, the first 3 of which led to a Russian payment processors with the amount to be charged shown in Rubles. The fourth turned out to be a cryptocurrency and there is also a Voucher and Bitcoin methods. According to the website, withdrawals are processed to the original deposit method within 3 business days. It also says that the broker does not charge any withdrawal fees, but there is the usual caveat that it may require additional data and documentation establishing your identity, prior to transferring funds to your account. This is a common practice to make sure that when the traders decide to withdraw their funds they may be unreasonably delayed. Actually, Europe Markets claims they do not charge any commissions or fees whatsoever, but earn their margin through the spread. In the Terms and Conditions, however, we find out that “in the event of trading account`s inactivity for a period exceeding 90 days, the Trader will be charged a fee in an amount equal to 10% from the available cash on the trading account,” and that this “fee shall be deducted on a monthly basis at the beginning of each month until the Trader will resume his activity on the trading account.” With most legitimate brokerages the inactivity fee is usually a flat fee of no more than $20 and they charge it after at least 6 months. The Agreement one enters with the broker mentions a “Bonus policy of the Company” section. We were not able to find this section, however, and our readers should know that Forex regulations in the UK and the EU strictly prohibit any bonuses or incentives. Overall, the Terms and Conditions are full of vague and empty statements that do not provide any concrete information. They confirm our suspicions that Europe Markets is an unlicensed and unregulated broker and we would again advise the readers not to invest with this brokerage. How does the scam work? This section is dedicated to showing how the most common scams work. Usually they are pretty simple and straightforward. Through internet ads promising quick and easy profits from forex trading potential traders are induced to enter their personal information, such as email and phone number. Once the users input this information, they will start receiving unsolicited calls from illegitimate broker representative whose job is to persuade them to make the first deposit of about 300 USD, from which they make a fat commission. When this is done, the traders are transferred to senior scammers who are very good talkers and will start working on them to deposit even more money. At this time, if not earlier, most people will start suspecting some fraudulent activity and will want to withdraw their funds. This however often proves impossible to do as the scammers put all their resources into convincing them that now is not the right time or that such action will lose them a lot of money in “potential profits”. If the users persist, these con-artists will find a number of excuses, usually hidden in the clauses of the accepted agreements, to delay withdrawal requests for as long as possible. The end purpose is to miss the limited time period for filing a chargeback with their bank and thus lose any chance of getting their money back. What to do when scammed? If you have deposited with VISA or MasterCard there is still a chance to get you money back since recently both companies extended their chargeback period to 540 days, especially when an online scam is involved. Scammers will not stop at stealing directly from your bank account if you have provided sufficient details, so if this is the case be sure to change your password or security code right away. Europe Markets Also beware of being scammed again by so-called “recovery agents”. They will ask you to pay a fee to recover your losses, but after paying them you will never hear from them again.
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Topinvest100 review – 5 things you should know topinvest100.com

Topinvest100 says to have a global reputation for offering top trading services with various instruments, including forex pairs and CFDs on commodities, indices, stocks, precious metals and crypto coins, with leverage as high as 1:400 and the classic MetaTrader4 platform. You may see this as a legit offer, but it is not. The problem is that Topinvest100 is yet another unregulated broker, which basically means that they have no credibility at all. If you are still in doubt whether to risk your funds with them do read the following lines. Topinvest100 regulation & safety of funds Topinvest100 is an offshore broker with no legit forex license, as is required in all major markets like the European Union, the UK, the U.S.. Canada, Australia or Japan. The fact that Topinvest100 is not regulated means that the broker is not supervised and does not have to abide by any rules. On top of that, bear in mind that it is extremely complicated to bring any legal action against an offshore broker, especially an offshore broker based in the Marshall Islands like Topinvest10. The company behind the broker – AAA Global Ltd is virtually anonymous as are basically all companies registered there. According to the local regulations you do not need a person to represent a company, but merely another company, also anonymous and with an offshore registration. We do not want to go into details, but the bottom line is that it is virtually impossible to sue an offshore shell company like AAA Global Ltd. So be sure to deal only with legit and regulated brokers like those, licensed by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) – the three regulators that dominate the forex industry. Topinvest100 deposit/withdrawal methods and fees Topinvest100 displays the logos of VISA and MasterCard on its website, but we were not able to verify that the broker really accepts those cards. In any case, our general advise when dealing with online brokers is to avoid any payments with crypto coins like bitcoins and ethereum. All crypto payments are irreversible, which basically means that if you have been scammed, you will not be able to get your money back. With credit cards like VISA and MasterCard and some major e-wallets like Skrill, PayPal, or Neteller, on the other hand, in case you realize you have been scammed, you can always file for a charge back. And be aware of the trading bonuses. Although attractive at first sight the practice of offering trading bonuses is highly controversial and has long been banned on many regulated markets like the EU and the UK. The problem is the minimum trade volume requirement, all trading bonuses are always linked to. And this is the perfect excuse for canceling your withdraw requests. As you can see on the screenshot below Topinvest100 will not allow any withdraws until you have met their minimum trade volume requirement. What is more, Topinvest100 reserve the right to change their bonus policy whenever they like, which also explains why you may never be able to reach the above mentioned minimum trade volume requirement. See fr yourself: Besides, no legit broker will ever impose a minimum trade volume requirement or restrict your right to withdraw your personal funds in any way. How does the scam work? If you have ever wondered, why so many people get scammed, just bear in mind that scammers run well oiled nets of call centers and robo scam websites like Crypto Engine and Crypto Master Bot which prove to be very efficient when it comes to persuading new customers to part with their funds. If you happen to stumble across one of the robo scam websites we mentioned above, you may be tempted by some very lucrative offers of fast and easy cash, with a tiny initial investment and no risk at all. And if you get interested and leave your e-mail and phone, instantly you will be transferred to the website of a unregulated, broker like Topinvest100 and will be offered an account with a minimum deposit requirement of about 250 USD, which does not seem much, but that is how a scam usually starts. Latter you will start receiving daily calls by your so called account managers, who under various pretexts will be trying to convince you to deposit more – let say 10 000 USD or so, because that is how, you will be told, you will start making real money. And then, one sunny day when you attempt to withdraw some cash you will realize you can not, because you have not met your minimum trade volume requirement, probably linked to your welcome bonus. Of course the story might be different, but the end will always be the same – you will not see any money back. What to do if scammed? You still may be lucky if you have paid with a major card like VISA or MasterCard, or an e-wallet like Pay Pal or Skrill. In this case you will be able to file for a charge back with your bank or your payment provider respectively, and you have a decent chance to get your deposit back. As we noted earlier we do recommend that you stick with more conventional payment methods like VISA or MasterCard amd avoid crypto payments. And take a note as well that in some cases scammers might even attempt to steal money right from your credit card or bank account. That may happen if unwittingly you have disclosed your personal banking details like credit card numbers, online banking passwords or security codes, or if you have agreed to install a remote desktop application like Team Viewer or Any Desk. If that has happened immediately cancel your credit cards, delete the application and change your passwords. Finally, we do not recommend you to seek the services of the so called recovery agencies, as they will not be able to help you in any way apart from some assistance with your charge back request. You can file for a charge back by yourself though, and save some fees that the recovery agency will surely collect upfront.
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