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 an unimpressive scam scheme that does not manage to fool anyone – this broker does not even accept clients at the moment, most probably because it prefers to pick its victims personally. This is an unlicensed, fully anonymous enterprise – the kind you would not want to cross paths with. The best thing you could do in such a case is to stay away – otherwise, you would only lose money. REGULATION AND SAFETY OF FUNDS has not provided any sort of address – you would only be able to reach the broker via email or phone (by requesting a callback). Moreover, this company does not seem to be licensed by any financial authority – they have not provided any information about licenses which is usually the first thing a regulated broker would point out. A solid license is not easy to obtain and keep – which is why all licensed brokers will make sure that you know all about their licenses. After all, this is the only way to be sure that a specific broker is reliable and has managed to meet some basic requirements. Trading with unlicensed enterprises is risky – you would have no way of knowing where your money is going, how it is being handled, or if it would not just disappear into someone’s pocket as soon as it is invested.

Only trade with brokers who have proven to be reliable – the only way to be completely sure that this is the case would be for you to turn to a broker licensed by a strict regulatory authority. UK, EU, and Australian brokers are your best bet – such brokers are obligated to meet many requirements in order to operate and maintain a high standard of service. Such brokers are obligated to maintain a minimum capital of €730 000 in the UK and the EU, and A$1 million in Australia – this is meant to prove the company’s financial stability. Negative balance protection is a must – no retail trader could lose more money than they have in their account. Brokers are obligated to keep client money separate from their own funds in segregated bank accounts – this speeds up withdrawals and proves that the broker would not be able to use your money for their own doings. Finally, if you are working with an EU or UK broker, you could receive compensation in case that broker goes bankrupt – €20 000 in the EU, and £85 000 in the UK. All such brokers provide funds for compensation schemes. TRADING SOFTWARE

We were unable to open an account with and see what sort of trading software the broker offers – these scammers seem unwilling to accept new clients at the moment. Scam brokers often like to pick clients themselves – this way, the scam could remain under wraps and undetected for a far longer period of time.

Turn to a broker who can offer MetaTrader 4 or MetaTrader 5 instead. These two platforms are the most popular in the world of trading and offer not only amazing charting and analysis tools but also features like Expert Advisors that track markets and trade automatically, VPSs you could purchase to keep EAs functioning even when your computer is off, a Strategy Tester, a market for additional trading apps, chances for developing custom scripts, or for setting signals for prices going up or down, and much more. TRADING CONDITIONS

Without an account, we would have to believe what little the broker has said on its website about trading conditions – and the information was far from comprehensive. Pretty much everything we learned was that the broker offers “access 250+ instruments from 4 asset classes” and that the minimum deposit required for opening an account is $500. This is a rather high price for a basic account – many reputable brokers can offer amazing conditions and still open an account for much less money, sometimes even for as little as $5. DEPOSIT/WITHDRAWAL METHODS AND FEES

Without a trading account, we cannot fully be sure what sort of payment methods accepts. On the website, we saw the logos of Visa and MasterCard, and of Bitcoin and Ethereum so we could guess this broker offers some of these payment methods. Do not deposit with such shady enterprises – however, if you already have and have used a credit or debit card, there is still hope of retrieving your money. Both Visa and MasterCard try to combat scams by allowing chargebacks within 540 days of the transaction. If you have deposited in crypto, on the other hand, you stand zero chance of retrieving your money – all crypto deposits are irreversible by default which is why scammers often prefer them. offers bonuses – that, by the way, are strictly banned in jurisdictions such as the UK, the EU, and Australia. The reason for this ban is that scam brokers often use bonuses as a means of preventing clients from withdrawing their money – often enough, not only bonuses but also profits and deposits – before reaching a certain huge turnover. Later, they raise their turnover requirements – so you will find your withdrawals constantly denied. asks you to reach a turnover of the bonus amount divided by three in order to withdraw the bonus:

You can never know how this clause will change and evolve – and you cannot be sure that it would not also start including your own profits and deposits. Always stay vigilant when such scam brokers mention bonuses.


Such scams are more common than you think and trick thousands of people into investing with fraudulent brokers who exist with the sole purpose to rob you. The best thing you can do to avoid them is check registers, research matters carefully, and have a general idea about how scam brokers operate.

Such brokers usually promise immense, fast profits – slow, gradual, and informed rarely seems to be the way for them. You take one look at a broker’s website and decide that it looks decent and legitimate and that all the promises and claims must be true. Such scammers often try to convince you that they are legitimate in various ways – they lie about being regulated, provide fake legal documents, and divert your attention with unbelievable offers. You decide to try your luck and open an account – providing the scammers with your phone number and email in the process.

After that you would not be left alone before you make a deposit – you receive dozens of calls and emails from smooth-talking scammers whose very job is to prey on unsuspecting people who are trying to turn a quick profit. And once you have deposited, they will keep asking you for more and more money – which you would gladly invest because, at that point, you might even be turning a decent profit. However, when you try to withdraw your profits, you will quickly see that you have been fooled. Different reasons why withdrawing is impossible will appear – additional taxes, minimum withdrawal limits, and previously unmentioned clauses in the Terms and Conditions.

At some point, you understand you are being scammed – but by the time you reach this point, the scammers will already be long gone.


Unfortunately, the chances of you tracking down the scammers and retrieving your money are not good.

You can, however, avoid additional problems and losses of money by changing your banking details and passwords, and removing all software they have asked you to install – this just provides them with easy access to your computer and all of your passwords.

Don’t trust any recovery agents promising to retrieve your money for a fee – this is just another type of scam, often conducted by the same people who initially robbed you.

If you have used Visa or MasterCard to deposit, there is a chance that you might be able to get a chargeback – both card providers allow chargebacks within 540 days of the transaction. Reversing wire transfers and payments made in crypto, on the other hand, is impossible – only use these payment solutions with trusted brokers.

Finally, make sure to notify the responsible authorities and share your story with as many people as possible – this way, others will know how to avoid such scams and stay away from them.

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  1. Garry from called me 2 days ago. He wanted to setup my account with me so we can start my portfolio. But i’ve never opened an account them. Never. I guess he bought some info about me on the dark web of some sort and created an account using my name. He used 15 different numbers, i kept hanging up. But during one phone call we had a huge dispute, because bringing us to exhaustion seems to be his strategy. And making us feel like we are in the wrong and his our savior. He once said, he’s the doctor and i’m the sick patient. He even got me on the phone with his manager, that is clearly him with a different accent. Anyways, after 30 minutes of arguing with him, he finally hung up and haven’t called back since then. But i’m pretty sure he’ll call back soon, or someone else will.

    1. This guy Gary keeps calling me too, relentlessly and harassing me. Then says he’s calling because he wants to be a client at MY business. I’ve blocked several numbers but he just keeps calling. I don’t even know what to do anymore.

  2. i keep getting these messages on my Face Book , offers looks too good to be true ,But i thoughti will try as soon as i sent my email and my cell Number they sent me an email and asked me to Deposit , i did not reply , couple of minutes after somebody called me , i talked to her about 2 minutes and asked her few questions , it seems to me she was calling from another country , she had a south American accent ,so i hung up and they tried again ,i declined

    I want to share my experience with catradecapital to avoid other people to be scammed. I’m from Quebec Canada. My story began when I wanted to know more about cryptocurrency. I saw on internet a website called So I bought a course called ‘Beginner plan’ for exploring. Bad decision. During the same day I received a call from Alan. He highly recommanded me to open an account with to begin to learn how to trade. I deposited a small amount. After that, he called each day to manipulate me to add more and more money. Pretending that I will gain double or triple my wallet. He became very pushy. I realized lately that catradecanada works also with NDAX to scam. I asked for withdraw my money and the answer is no. I have to invest more to have my money back. Don’t do business with these companies, they are scammers. If you call at the phone number on their website, no response, no way to let a message. I contacted the AMF (autorité des marchés financiers du Québec) and this company is on their black list.

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