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. is one of those suspicious brokers that chose totally mundane title. As soon as ordinary investors try to google it, they’ll end up with tens if not hundreds of entities bearing the same or very similar name and eventually get bamboozled. The title aside, refuses to reveal anything about itself- no addresses, no contact numbers, and they don’t even make claims. We recommend traders should stay away from this anonymous business, and we’ll explain why in the full review. REGULATION AND SAFETY OF FUNDS

In this section, we’ll discuss whether the broker is legitimate and reliable. Well, at first glance, we’ll say totally no. As already mentioned, doesn’t disclose any information about it- they do not even hint what’s their location. The broker is totally anonymous and non-transparent, which is more than enough to put it on the suspected scams list. Anyway, we researched but found no licensed companies related to, so it’s unregulated, and your funds won’t be safe if you deposit. Businesses like are dangerous because they offer financial services illegally and can involve in fraudulent or other criminal activities due to the lack of supervision. You should avoid

Instead, check the EU brokers and British brokers topping both lists. The European markets offer high-grade security, with companies covered by deposit insurance funds established to protect clients’ money. Hence, CySEC brokers’ traders can claim up to 20 000 EUR in compensation, while the British guarantees are up to 85 000 GBP per person. If you are eligible to open an account with a European company, you can safely go for it. TRADING SOFTWARE

Here comes another red flag. The broker claims to offer MetaTrader4, but that’s a barefaced lie. The platform we downloaded was not functional when we logged in with the real account we opened through the Client Area. knowingly mislead customers and take advantage of the MT4 spotless reputation. That’s evidence of a scam.

However, the only available platform is Sirix, which is shady and unreliable enough to dismiss it as inferior. It’s ugly, having too few indicators, the charting tools are undependable, and the advanced features are missing. In fact, it’s provided by another suspicious broker we already reviewed- DigitalcMedia. Well,’s provides low-grade trading software, which is an argument enough to avoid the broker.

That said, the high-rated MetaTrader4 brokers and MetaTrader5 brokers on both lists are safe and deliver upper-class software. The MT distributions are packed with sophisticated tools such as Expert Advisors, many complex indicators, sophisticated charting tools and even a marketplace featuring more than 10 000 apps. MT is definitely the best choice for traders.

The EUR/USD spread is 3 pips, a disappointing Buy/Sell difference that’s 3 times worse than regulated brokers’ standards. The spread is the price you need to pay to open a position on the market, so the lower one makes trading more affordable and improve profit potential. Luckily, too many reputable well-regulated brokers deliver spreads as low as 0.0 pips, so you shouldn’t waste your time with the costly

The maximum possible leverage is 1:200, a ratio no longer considered safe for retail clients. In fact, too few trustworthy financial authorities allow such increased levels, which once again confirms that has nothing to do with licenses and regulations.

As leverage is utterly risky, regulators imposed restrictions to reduce clients’ losses caused by misuse. As a result, EU, British and Australian brokers‘ clients are limited to 1:30, while Canadian brokers and US brokers can’t provide more than 1:50. Most of the high-leverage FX companies are poorly or not regulated at all, so you’d better be cautious. DEPOSIT/WITHDRAW METHODS AND FEES

Now, we’ll reveal what traders need to pay to use’s services. The minimum deposit with is $5000, which is around 50 times more than the sum regulated brokers ask on average from traders to let them begin with real money. That’s laughable. is a shady suspected scam sharing nothing about its business and dares to ask for at least $5000. The single funding method is a Credit/Debit card, which somewhat favours people who have already deposited with That’s because card issuers like Visa and MasterCard grant chargeback rights and allow clients to dispute transactions and get a refund if things go wrong.

Nevertheless, see some Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a preferred payment system. The companies on top of both lists are adequately regulated, and you won’t face scammers.

Despite the plethora of legal documents, there is no information about critical trading provisions regarding withdrawals and fees. The broker doesn’t specify anything whatsoever, which is suspicious. Eventually, can unfairly charge traders, and they won’t be able to disagree as there’s nothing designated.

Overall, is an anonymous broker and a suspected scam, so you’d better avoid it.


The Forex scam is a popular type of fraud that’s rather distinctive because it’s actually a process. In the usual scenario, the victim clicked on an ad, then received a phone call, and at some point got convinced to deposit money. To make people accept fraudulent offers, scammers would present deals that sound too good to be true, bonuses, get-rich-quick schemes, and so on. Their imagination is rich and would invent as many stories to get the craved deposits.

Unfortunately, the initial deposit is not the end but the beginning. Gradually, scammers would manipulate victims and would urge them to invest again and again. For example, the con artists would not allow people to trade but would pretend to manage the account instead of the traders. They’d then falsify the results to show victims massive profits and would ask for more money, promising to get even more profits.

However, if the victim asks for a withdrawal, that won’t happen. Scammers would come up with a story that the unfortunate trader needs to deposit again if they’re going to pull money out. Those criminals won’t stop asking for more, no matter what. In the worst case, the victim would believe in the scammers’ falsehood and deposit repeatedly. Sooner or later, though, the scam would become evident, and that would be a signal for the fraudsters to cut the communication and disappear. They would abandon the website and would create a new one, carrying on with their criminal activities.


Unfortunately, no one is immune to scam. If this unfortunately happens, the first thing to do is to protect yourself from further risk. Contact your bank and explain what happened to you so that they can give you instructions and help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

Remember, it’s crucial not to rush blindly trying to recover your funds because many scam chargeback agencies and individuals are trying to double scam the victims. They ask for upfront payment, take the money but won’t do anything to help you!

Share online your experience; it’s important to protect others, as well. Be responsible!

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