Category: Unregulated Brokers
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The Lack of Customer Support at TradeCryptoMasters (TradeCryptoMasters Review)
TradeCryptoMasters have revolutionized the global financial landscape, offering traders and investors opportunities for high returns and accessibility from anywhere in the world. However, one of the most pressing issues at TradeCryptoMasters is the lack of reliable customer support. Many traders experience delayed responses, unhelpful automated replies, and even complete neglect from trading platforms when facing…
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Regulatory Violations At XTB (XTB Review)
The rise of online trading platforms has revolutionized the global financial market, democratizing access to trading in foreign exchange (FX) and cryptocurrency markets. However, this increased accessibility has also given rise to a growing number of scams and fraudulent schemes. XTB, as you will discover in this review, exploit the complexities and high volatility of…
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Spectre Group Ltd Review; Fraudulent withdrawal policies
Fraudulent withdrawal policies are a common tactic used by Spectre Group Ltd in online trading to defraud unsuspecting investors. These practices are designed to prevent victims from accessing their funds under the guise of legitimate business policies. Here’s a closer look at these practices and how they are executed: Excessive Withdrawal Fees Spectre Group Ltd…
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PS Wealth Review- Use of Social Media Manipulation to scam clients
Online trading has rapidly gained popularity over the last decade, attracting a diverse group of investors. This growing interest has led to the rise of Online brokers who facilitate the buying and selling of digital assets. However, along with legitimate brokers, there are those who employ various pressure tactics to exploit potential investors like PS…
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FIBO Group Review on False Identity and Misrepresentation
FIBO Group is an international financial holding company that offers investment services and trading platforms. It offers trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. It also allows allows traders to use a variety of trading strategies, including manual trading or using an expert advisor. What most traders do not know is that…
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Luno Review – Lack of Transparency, expert scammers
The rapid growth of online trading platforms has revolutionized global commerce and investment opportunities. These platforms offer unprecedented access to financial markets, enabling individuals to trade stocks, currencies, cryptocurrencies, and other assets with just a few clicks. However, the allure of convenience and accessibility often obscures a critical issue: lack of transparency. This review delves…
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Tokenlon Exchange overcharging its clients – Snake oil salesmen of the digital world
As much as online trading has revolutionized commerce, it has also given rise to unethical practices, such as overcharging clients. Overcharging occurs when sellers inflate prices, add hidden fees, or employ deceptive practices to extract more money from consumers than what is fair or justified. These are the activities of an online scammer to avoid.…
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Coinut Review – Online trade imposters
The rise of cryptocurrency has revolutionized the financial landscape, offering decentralized, borderless, and secure systems of exchange. While cryptocurrency platforms have made it easier to buy, sell, and trade digital assets, they have also become fertile ground for scammers. Coinut for instance exploit the lack of regulation, technical complexities, and public enthusiasm around cryptocurrencies, leaving…
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FundedPrime review; Bogus traders to avoid
Proprietary trading, or prop trading, is a legitimate form of trading where firms trade on their own account, using their own capital instead of clients’ money, to make a profit. However, FundedPrime falsely present themselves as legitimate prop trading firms but are actually scams designed to defraud clients. Here’s how they work, the tactics they…
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iFOREX Review; Fake investment gurus
iFOREX is a CFD trading platform that was developed in 1996 with the purpose of creating a secure, high-tech platform. CFDs, or Contracts for Difference, are financial derivatives that allow traders to speculate on the price movements of an asset without owning the asset itself. Assets refer to stocks, commodities, or currencies. In CFD trading,…