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.


One of the first signs that might be an illegitimate entity is its URL. Out of all the brokers we have reviewed that end in .io, not one has proven to be regulated. Once you get in the mindset that is shady, it’s very hard to ignore all the signs that start popping up. The review that you are about to read talks of the main aspects of

The procedure for creating an account is easy to complete and never gave us any problems. One thing we noticed though is that the Terms and Conditions are only accessible through the signup process. This wouldn’t be the case if had nothing to hide.

Anyway, we were able to easily go through the process, say for a little nuisance but we will talk about this later on. The broker does come with a trading software, which gave us a EUR/USD spread of 2.8 pips. There is nothing lucrative about this cost of trade. The leverage, according to the website, is capped at 1:200. The trading area gives us the following tradeable financial instruments: forex currency pairs, equities, commodities, indices, and cryptocurrencies.

The website of the broker is available in English, Arabic, and Polish.


Both the footer and the Terms and Conditions reveal that the broker operates in Saint Vincent and the Grenadines. The nation does not have an FX regulator, which means that all brokers that operate there are essentially outside the boundaries of the law. If truly is located there, then it is unregulated.

In the intro to the review, we mentioned that we stumbled upon a small issue that actually turned out to be quite significant. The issue in question was that the broker would not accept our email address, stating that it was already in use. This is because we actually did use it, but with the previous brand of the company- UMarketsPro, an unregulated brokerage we reviewed some time ago. Just like so did UMarketsPro have the same parent company by the name of  UM Media LLC also registered in Saint Vincent and the Grenadines. So it seems that the remnants of that broker, whose website is shut down, by the way, were used as a building block for If you read the review of the previous version you will notice some very indicative similarities between the two entities.

However, the Terms and Conditions also reveal that the broke functions under the laws of Seychelles. The small nation has its own financial regulator which also oversees the local FX industry. The Seychelles Financial Services Authority (FSA) requires a $50 000 starting capital from all FX firms, while also demanding this brokerage that at least 2 shares holders and 2 directors remain in the country at all times. However, the FSA does not regulate, for the online registry of the regulator bore no mention of the company.

With everything said, we think it’s pretty obvious that is UNREGULATED and a risk to all investments!

Investing in unlicensed brokers is basically throwing your money in vain. We urge our readers to always check for a license before doing anything. Usually, if a broker has one, it will proudly showcase it, but it’s always recommended to check with the regulator. Some of the most trustworthy license issuers are the FCA or CySEC, whose authority spans hundreds of brokers, among which are some of the world’s top. What’s more, is that bot the FCA and CySEC offer client reimbursement schemes to users who have not been paid by a regulated broker. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.


The trading software made available is decent enough, but the issue is that we have seen it almost always with unregulated brokers.

This trading webtrader has a bunch of helpful features like one-click trading, stop-loss, take-profit, pending orders, chart customization options, a social trading platform, and multiple time frames. Overall, a decent software, but it does get stale after a while because users will start wanting more out of it.


The user area reveals that the payment methods are lonely limited to credit and debit cards. The minimum deposit is $100.

The withdrawal area on the other hand reveals a big roster of payment methods: Neteller, MoneyBrooks, MasterCard, Credit card, debit card, and an “other” category, which just gives users an empty field to write on. The processing time for withdrawal is between 2 and 7 days.

Please note that the Terms and Conditions mention that the broker may charge for both deposits and withdrawals. There is a €25 to €50 charge when transferring by wire transfer. There is no mention of fees with other payment methods, but users should be aware that may launch these.

There is a dormant account fee here with a twist, it being that the broker decides when an account becomes inactive. This is a big issue because can essentially decide all accounts to be inactive. Dormant accounts are issued a 5% or $25 minimum. The whole clause is very shady, and basically gives the broker the power to charge its users with this commission at any time.

The broker gives itself the right to introduce and amends certain limits on the user’s account and his or her trading positions. The issue here is that will do so at its own discretion. This is a very problematic clause, because it does not detail the nature of these changes or the variable that it will be amending. is not worth your time and money. All investments will be lost!

How does the scam work?

The first step to this very popular scam is actually one that is taken by most online scams. It has to do with users falling for fake online ads that use a repertoire of alluring elements, including money, beautiful women, expensive cars, and luxurious villas. The only aim of these fake advertisements is to induce the internet user into clicking on them.

Behind these ads is hiding either the scammer broker or an intermediary website whose aim is to introduce the user to the fraudulent broker. On either of these sources, the user will be asked to provide contact information, either a phone number or an email address.

Soon the investor will start receiving calls from a representative of the brokers, whose goal is to stimulate a user into deposit once! If the deposit is successful, then these individuals will let the user go, but sooner they will start getting more calls and emails from the expert scammers, the so-called account managers. The pro fraudsters are here to stay and will induce more deposits from the users, using manipulative tactics, psychological tricks, and pure charm. Those that give in, will sometimes unknowingly deposit huge amounts!

Once the user realizes that he or she has been scammed, it’s usually too late, however, there are some ways of getting your money back, potentially. But before that, the scam artists will try to distract you from withdrawing by either stalling the request or simply advising you against it. Some brokers, however, go the extra mile and are not afraid to shut down the user account and at times the entire website.

What to do if scammed?

The best defensive maneuver is filing for a chargeback through the client’s credit or debit card company. MasterCard and VISA have a chargeback period of 540 days.

If users have lost money by investing it through a bank, then they should change their bank account username and password first! The next step is to call the bank directly and see what they can do.

Investing in any kind of crypto is advised against. Payments made through these are untraceable and as such are lost forever.

Also, never thrust any recovery agents or agencies. These are scammers as well and will take your money. They usually appear once you have been scammed and will offer their monetary retrieval services. But before tracking your lost funds, they will ask for an upfront payment in the form of a service fee. Once this commission is paid, the recovery agent will disappear alongside your money!

Rich Snippet Data
Review Date
Reviewed Broker
Broker Rating

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US5/5$50 Click for a special offerWebsite
USA5/5$250 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *