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 just another broker trying to fool you into believing that they are a reliable investment choice – when in reality this is just a fraudulent broker who would do anything to get your money. In exchange, the only thing you will get is promises – there is absolutely no way turning a profit would be a possibility with this broker. Read out fool review to find out more. REGULATION AND SAFETY OF FUNDS is supposedly a UK-based broker – but one that has not provided any sort of license number. When we checked the FCA register for a broker with that name – and all UK-licensed brokers can be found in that register – we found zero data on a broker with the name This means that the company behind it – a company we did not get any specific information on – is not authorized to offer services in the country and is therefore operating illegally. Working with unregulated brokers would deprive you of many vital protections you would be benefiting from otherwise.

The situation when it comes to brokers based in the UK, the EU, or Australia is completely different. Such brokers are obligated to follow the law strictly, conduct business in a fair and transparent manner, and provide many protections to their clients. With such a broker, you can have zero doubts that someone – a respected financial authority – is taking care of your best interest and making sure that everything is in order. Licensed brokers must always keep client money in separate bank accounts – this proves that client money and broker money would not mix and therefore ensures that you would not lose your investment in case the broker becomes insolvent. Negative balance protection should be mentioned as a vital element of such brokers’ offer – you cannot suffer losses exceeding the amount of money you have in your account. Licensed brokers are obligated to prove their financial stability by maintaining a minimum capital of a certain size – €730 000 in the UK and the EU, and A$1 million in Australia. However, that sum can be bigger for those brokers who have many clients to tend to.

The only way to trade safely and turn a profit is to work with a regulated enterprise – putting your money in the hands of scammers will surely result in huge losses. TRADING SOFTWARE offers access to a quite average web-based trading platform:

Such a platform might seem okay at first – after all, they do offer some decent charting and analysis tools and additional features like the ability to set signals for prices going up or down or a built-in economic calendar – but we can guarantee you that you will get bored of them quickly. After all, if you want a great trading experience you should not settle for an average platform.

We would recommend that you choose a broker who offers a highly functional trading platform instead. The most popular platforms in the industry are MetaTrader 4 and MetaTrader 5 – and there is a good reason for that. Both of these platforms are fairly user-friendly and intuitive – but they also offer a full range of market-tracking and analysis tools, features like Expert Advisors, a Strategy Tester, a market for additional extensions, the chance to set trading signals, and subscribe to those set by other traders, or develop custom scripts and much more. TRADING CONDITIONS was not terribly clear about its trading conditions on the website. It seems that the minimum deposit amount depends on the payment method – if you are using a credit or debit card, you would have to deposit at least $100, otherwise, there is no lower limit. This might sound tempting but remember that we are dealing with a scam broker – whatever money you deposit will be lost. Better check out these legitimate brokers who offer affordable accounts.

The leverage we were trading with was 1:1 even on forex majors – that could not be changed from anywhere. This is quite unusual since scam brokers often tend to offer dangerously high leverage – 1:200, 1:500, 1:1000, and even 1:2000 on some occasions. Trading with higher leverage than you can handle is extremely dangerous – it could lead to much bigger losses which is why leverage caps exist in many jurisdictions. However, leverage could also be a useful trading tool that can lead to much bigger profits if you have the knowledge and experience to handle it correctly – which is why you should look for a broker that can offer leverage higher than 1:1. 1:30, for example, is the maximum allowed to clients of UK, EU, and Australian brokers.

The spread offered seemed great – 0.3 pips on EURUSD. However, the broker has specifically stated that it reserves the right to charge various fees and commissions – however, it did not specify what kind of fees and commissions and on what occasions. That is a huge red flag – the broker will probably more than compensate for this amazing spread through its additional fees. DEPOSIT/WITHDRAWAL METHODS AND FEES

Supposedly, accepts deposits made with a Visa or MasterCard card, via wire transfer, or directly to the broker’s Bitcoin wallet. However, to access any sort of payment information, you would have to contact your account manager. As a result, we cannot say with full certainty that all of these deposit methods would actually be available. Many scammers urge you to deposit in crypto because such transactions are both irreversible and anonymous – that is why you should refrain from depositing if it turns out that your only deposit option is Bitcoin. Visa and MasterCard both allow chargebacks within 540 days of the deposit – but since this is a scam broker it is better to save yourself the trouble and not deposit with it in the first place.


Such scams are not only becoming more frequent but they are also surprisingly effective – which is why the first and most important step if you want to protect yourself from them, is to understand how they work.

You stumble upon a broker on the Internet – that broker promises to make you a rich, successful trader in no time. You are curious to see what forex brokers are all about – after all, you have heard stories of people becoming rich by trading – and provide the scammers with your phone number and email. After that, you would not be left alone before you have deposited – these people are seasoned scammers and will convince you to transfer money in no time.

This will not be enough though – the broker will keep asking for more and more money, and since scammers often manipulate profits and platforms, you might even be happy to invest because you would be thinking that you are turning a profit

Once you try to withdraw, however, the problems will start – the broker will start denying withdrawals because of certain clauses in the Terms and Conditions, because of previously unmentioned fees and taxes, etc. At this point, you will find out that there is something wrong going on – but the scammers will be long-gone with your money before you can do anything.


Do not get desperate and do not employ any so-called “recovery agencies” that promise to track down the scammers and retrieve your money for a fee – this is just another type of scam.

What you should do is notify the responsible authorities in your country and contact your bank to let them know that you have been scammed. Change all your banking passwords and remove all remote access software the scammers had you install under false pretenses – they only wanted access to your computer and your banking systems.

If you have deposited with a Visa or MasterCard card, you might be able to retrieve your money – both card providers allow chargebacks within 540 days of the transaction so contact your card issuer as soon as possible.

Finally, make sure to share your story with as many people as possible to let them know that such scams exist and how they work. This way, others can avoid losing their money in the future.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

1 Comment

  1. I have been scammed with this company who promises you world. Unfortunately they milked me until got all my savings. Invested with them $100k and have lost, now my account being blocked and constant threats from them.
    I am unable to see or withdraw my own money. They claim to be sitting overseas somewhere in UK and do not get back to you.
    Beware of all these online scammers claiming to be legit Bitcoin platform but no more than eating your investments.
    Australian law needs to bring some laws to block such online scammers to reach or let their public deposit money into such scammers account.

Leave a Reply

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