review – 5 things you should know about review – 5 things you should know about

Beware! is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Where do we start on the shady elements that plague Let’s start with the more obvious structure of the site. The logo is on the high left corner of the page, the navigation bar is concentrated more on the right high corner, and other design tropes that many unregulated brokers share. What about the problematic operational address, or vague regulatory information? It’s all there, as the following review will disclose. As always, we urge users to read through it before depositing, even before registering, because shady brokerages can easily take advantage of any personal user data.

The process by which one registers bears resemblance to that of hundred of brokers before it. And by resemblance, we mean to say that it’s the same thing. The leading trading software, which acts as a home page to the trader’s area, is also painfully familiar. There we find a 4 pips spread for the EUR/USD pair, which is far from the 1.5 pips average cost of trade. The 1:200 leverage was unchangeable. Trading instruments include the following: forex currency pairs, indices, commodities, bonds, cryptocurrencies, ETDs, and stocks.

The website is available in English and Spanish, yet even with English as the main language, many of the texts are still in Spanish. This is yet another clear indication that the broker is not to be entirely trusted.


The broker is owned and operated by Trasilion EOOD, a company registered in Bulgaria. Everything in the legal documents confirms that the company is in fact operating for this small east European nation.

Bulgaria is a member state of the EU, and as such, all legitimate forex business in the country have to follow the guidelines set by the European Securities and Markets Authority (ESMA), including a negative balance protection, a maximum retail leverage cap at 1:30, and segregation of user accounts. The responsible agency that regulates the local FX brokers is called the Financial Supervision Commission. Like most overseers, it too has a database of regulated brokers. Safe to say that is not found there.

If you are in need of more proof that the broker is not worthy of your trust, look no further than the official CySEC warning.

As it turns out is NOT REGULATED, a fact that should hardly surprise anyone.

Be certain that investments in unregulated brokers are almost always lost, never to be seen by the user. Always check for a license before continuing to the next step. Ideally, the FCA or CySEC regulated brokers are the most trustworthy. Under these agencies, brokers are scrutinized every month and are required to follow some of the most rigorous rules in the industry. These include, but are not limited to, segregated bank accounts for all users. Both the FCA and CySEC offer to all their brokers, who in turn cover their clientele, compensation funds: CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.


The available trading terminal is one that we have seen numerous times used by unregulated brokers. It’s one of the most notable signs that the broker at hand is unlicensed. For those that are new to the forex world, this trader uses a smart tactic of relying on visuals to lure in inexperienced traders.

The tactic is utilized because the platform just does not come with a lot to do. These are the only noteworthy features: pending order, chart customization option, live news fee, live TV, and price alerts. These might seem like a handful, but today’s FX broker and trader are used to so much more.


As always, we try to take as much payment information as possible from the user area.

The depositing section in the client portal reveals that the minimum deposit is $250. The payment methods are debit card, credit card, and wire transfer.

The withdrawal methods are credit cars, wire transfers, and a bitcoin wallet that we did not bother to check. Aside from what we just revealed, the withdrawal section is useless. All withdrawals are issued a 3.5% charge. In case the percentage equals to $50 or below, the user will be charged $30 instead. There is also a monthly maintenance fee of 0.5%. Last but not least, withdrawals are processed within 5 days.

We cannot find any reason to deposit in All your investments will be at risk!

How does the scam work?

The most popular scam that we will cover today is used by 95% of all illegal brokerages, and other fraudsters. It revolves around soliciting users into depositing, with some room for improvisation. Most users who fall for these sooner or later realize it.

Such scams work the following way: Users find certain ads online intriguing and click on them. The theme of these ads revolves around the perfect care-free life, living of investments and trades. Very alluring stuff indeed. Those that succumb to the temptation of this illusory lifestyle are redirected to a website, either the broker’s or an intermediary one (called robo-site), where they will be asked to give away their basic contact details. Through these, the scammers will start calling or sending emails to any potential investors. Conversations between users and fraudsters are usually dominated by the scammer whose only job is to initiate the first deposit.

Depositing for the first time will bring around the expert scammer, or the so-called account managers, whose sole purpose is to drain you out of all your money. They will relentlessly call, demand, and notify you of opportunities until users deposit further or realize they are being scammed.

Withdrawing from this position is almost impossible. The broker will throw at you everything it has got, its only purpose being to deny your request. Some of the most popular approaches are stalling, denying a request, closing an account, blocking an account, or shutting down the entire website.

What to do if scammed?

A chargeback is the first step towards recovery. Filing for a chargeback is easiest with your credit or debit card provider. What’s more, is that MasterCard and VISA have extended their chargeback period to 540 days.

Investments lost to the scam initially made through a bank transfer should stimulate users to change their bank password and account users’ names ASAP. The next step is to contact their bank and ask them for further instructions.

Avoid crypto deposits at all costs! These are most of the time untraceable and there is no way to get your money back.

On a final note, do not trust any of the recovery agents. In exchange for a fee, these agents will promise to refund all your lost investments. However, once you pay them they will disappear, which leaves the user an even bigger loss.

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