Tag: unregulated brokers
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Fake Trading Platform in BTC Markets (BTC Markets Reviews)
The rise of online trading in has attracted millions of investors worldwide. However, it has also become a breeding ground for scammers who create fake trading platforms to defraud unsuspecting traders. BTC Markets is heavily invested in this scam for its selfish financial gain. These scams have led to billions of dollars in losses, with…
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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,…
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NBFC-S review; Digital asset scammers
The volatile nature of the crypto market, the risk of scams, and technical complexities often lead to unfortunate incidents where individuals lose access to their digital funds. This loss creates a fertile ground for opportunists, particularly traders or self-proclaimed crypto recovery experts, who promise to retrieve lost assets. While some genuinely help, Nbfc-s exploit victims’…
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Equity Gates Review: Wallet drainers
Cryptocurrency trading has rapidly gained popularity over the past decade. Alongside its rise, various unethical and illegal practices have emerged, with pump-and-dump schemes being one of the most notorious. These schemes involve artificially inflating the price of a cryptocurrency (the “pump”) and then selling it off at a profit, leaving unsuspecting investors to bear the…
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WiseBit.AI Review – Online trade peddler
Security breaches at WiseBit AI has become an increasingly a significant concern. With vast amounts of sensitive data and capital at stake, WiseBit AI have become prime targets for cybercriminals. This analysis explores the nature of security breaches at WiseBit AI and the factors that contribute to these breaches. Notably, WiseBit AI are continually enhancing…
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Byron Plus Global Review – Another Blockchain bandit
When it comes to cryptocurrency trading at ByronPlusGlobal, people should know that they use strategies or practices that place clients at a disadvantage. While they operate ethically and transparently, some practices may undermine client interests, especially in the largely unregulated cryptocurrency market. Here’s a breakdown of how some of their practices or systems has negatively…
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Lemintero Review; Deceptive trade brokers
In recent years, online trading has revolutionized the financial landscape, allowing individuals to buy and sell stocks, cryptocurrencies, and other assets with ease from their devices. However, the convenience of online trading also brings with it significant risks, particularly around data security and privacy. Data breaches have become increasingly common, and the threat of security…