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.


In this review, you’ll read about a suspicious brokerage we are going to expose a scam scheme, which we knowingly present with the domain name. They offer Forex, Stocks, Indices, Commodities, Cryptos and pretend to be a brand of a legit UK business. However, that’s not the case, and you can see why you should stay away from this entity in the full review. REGULATION AND SAFETY OF FUNDS claims to be a trading name of Chelsea Investments LTD but doesn’t specify much about the company. In the legal documentation, the broker claims that St. Vincent and the Grenadines laws govern its operations, so it’s probably an offshore entity. That’s an issue because the island’s regulator does not license or in any way control the brokers operating there, so traders won’t be safe if they deal with However, allegedly the offshore nature of this business is the lesser problem we encountered.

There is a company bearing the same name in Britain, which has been registered with the local financial authority FCA since 2001. In fact, the regulator’s data shows that Chelsea Investments LTD can be traced back to 1901, but the company has nothing to do with the broker we are reviewing. FCA does not enlist, so it’s unregulated, and your funds won’t be safe if you deposit. Moreover, we suppose that the broker may as well operate as a clone firm by pretending to be the legit Chelsea Investments LTD, so it’s a suspected scam.

Avoid it and better consider the high-rated EU brokers and British brokers on both lists. The European companies are adequately regulated, but most importantly, covered by deposit insurance funds protecting traders and investors’ money. For example, CySEC brokers’ clients can claim up to 20 000 EUR in case of bankruptcy, while the British guarantees are even up to 85 000 GBP. CySEC (Cyprus) and FCA (Britain) licenses are dependable, and you should bear this in mind when looking for investment opportunities. TRADING SOFTWARE’s trading software is web-based and can’t offer any significant benefits. There are too few indicators available, the charting tools are not reliable, and advanced features are completely missing. Worse, though, the EUR/USD spread is the massive 7.4 pips, which is at least 7 times worse than the regulated brokers’ offers. The spread is the Buy/Sell difference, so that’s the price to open a position and the lower it is, the better for clients. Most legit brokers offer spreads as low as 1 pip and below, so you don’t need to open an account with suspected scams like

To find better opportunities, check the high-rated MetaTrader4 brokers and MetaTrader5 brokers on both lists. MetaTrader distributions are reliable and provide advanced features such as Expert advisors, many complex indicators, and excellent charting tools, to name a few. The platforms also include a marketplace where traders can discover more than 10 000 apps and third-party developed solutions.

The leverage is 1:100, a risky ratio that’s no longer allowed in Britain. If mishandled, leverage can cause severe losses, and many authorities worldwide impose regulations to restrict its usage. For example, EU, British and Australian brokers have to limit retail clients to 1:30 for FX majors, while the Canadian brokers and the US brokers can’t provide more than 1:50. Swiss brokers are reputable but not leverage restricted, so risk-tolerant traders eligible to open an account can safely go for it. DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit is $250, which is a tolerable demand, but the competitive FX market is overcrowded with brokers offering Micro Accounts starting from $5 to $10, all of which better than Supposedly, the funding methods are Credit/Debit cards, Wire Transfers and e-wallets, but we can’t validate this. The sign-up page was broken at the time, so we couldn’t test the broker’s deposit system.

Nevertheless, we’d like to propose our lists with Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have a preferred e-wallet or a trusted payment system. The high-rated companies are well-regulated, and you won’t face scammers, so you can safely open accounts.

The minimum withdrawal amounts vary- the Bitcoin equivalent of $250 for Wire transfers and $100 for the rest of the methods. That’s a weird requirement nonetheless, and it further indicates that is a fishy enterprise. Still, each withdrawal will be unfairly charged 1% or $30 (whichever higher), so the broker’s services turnс out to be overly costly.

The inactivity fees are not any better. After only 30 days of inactivity, the account will be put dormant and will be charged $99 per month. So, if you halt trading for a year, you need to pay the broker almost $1200 in handling fees. That’s a scam! In comparison, most legit brokers take 5 to 10 dollars per month, which is the right thing to do. offers trading incentives but fails to fully detail the bonus campaigns. However, they didn’t forget to introduce unjustified provisions in the legal documentation. According to the clause, if traders accept incentives, they have to trade 50 000 times the bonus amount to become eligible for withdrawals. Well, doesn’t explain what 50 000 stands for, so the broker probably leaves the door open for withdrawal refusals and excuses. That’s evidence of a scam!

Overall, is unregulated, a suspected clone firm and potentially a scam scheme. You’d be better of if you steer clear of this sham enterprise.


Swindling brokers and fraudulent websites appear literally every day. Still, most of the new schemes represent a modification of common fraud that’s not typical for the local markets but similar from country to country.

Nowadays, scammers are overcrowding the Internet and social media. The offers scammers make look legit and present exciting opportunities to invest money in the Forex market. Traders would get reassured that the people behind the broker have an excellent track record, who can secure high returns, seamless trading and guaranteed profits. The scammers intentionally make people believe Forex trading is risk-free, but actually, the opposite is true.

In the usual scenario, scammers just steal the money and won’t send a dollar back. Sooner or later, clients would ask for a withdrawal, but the con artists would delay or downright refuse transactions. If traders persist, scammers would find excuses to deny and would even ask for more money or directly cut the communication. Whatever the case, traders are going to lose some or all of the capital invested. In the end, when fraud becomes evident, the scammers would simply rebrand and start afresh, creating a new scheme under a different name.


Unfortunately, no one is immune to scam. If you get scammed, the first thing you need to do is to evade further risks. Deactivate your bank card immediately, contact the bank and ask for advice.

Report what happened, 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 to recover 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

Rich Snippet Data
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