Click Money System review – 5 things you should know about click-moneysystem.com

Click Money System review – 5 things you should know about click-moneysystem.com

Rating: 1

Beware! Click Money System is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Click Money System is click bait to the core, from the misleading title to the core of this website, that actually turned out to be an introductory broker/firm to, perhaps, a shady crypto exchange, or to some other untrustworthy broker. The website feels as if it were acting as a big curtain yet to be pulled before the play begins, and yet we never were able to reach the final play, because we failed to register.

Speaking of that, technically it wasn’t we who failed to register, but it was the firm that failed us. Our inability to register was a direct result of the broker not sending a confirmation mail, for reasons unrevealed. Perhaps it knew that we are not here to deposit. It’s unfortunate, because we don’t know what the end product. So we focus on the ambiguous and limited conditions revealed on the website.

So, we find out many mentions of BTC on the site, as the firm says to be inspired by the rise of BTC, leading us to think that this is some kind of either unlicensed exchange or a crypto broker. However, we also find mentions of forex currency pairs, commodities, and other CFD that have been left undisclosed. There was no mention of any spreads or leverages.

CLICK MONEY SYSTEM REGULATION AND SAFETY OF FUNDS

In the legal documentations, we are told more than a couple of times that the broker adheres to the local law in applicable jurisdictions, but what some of our readers might not be aware is that this is as cryptic an assertion you can get that really does not change any of the circumstances. In effect, the broker not once mentions any applicable jurisdiction, nor does it reveal a home address or an operational one. Labeling everything under the inconclusive “jurisdictions” is one way for Click Money System to get away from a sticky situation. For the truth is that the company is not licensed anywhere because if it were it would have mentioned a license and a relevant address.

Lastly, we also stumbled upon an official FCA warning that clearly reveals just how scammer this broker really is. An FCA warning should not be taken lightly at all! It’s a warning sign!

Always aim to invest in regulated brokers, and not illicit ones. It may not be easy to distinguish them from one another, but there is a way to make the process much easier. The crucial point is to check the legitimacy of the broker’s regulatory or registration claim. If nothing’s there, you close the site and move on to any EuropeanUKUS, or Australian broker, or any other with a legal status. Being regulated is not just encompassed in a simple permission to offer FX trading service. It comes with a ton of responsibilities, most of which are concerned with the way the broker treats its users. Misconduct on the side of the broker either results in financial penalties or in total closures of the brokerage website in question.

CLICK MONEY SYSTEM TRADING SOFTWARE

There is no guarantee that there is a software sued here. Usually the broker would have given us a small taste of the trader, by either granting us access to a user area, or at least giving us a demo account. But here all we have are what feel to us empty promises that talk about some unexciting web trader. And taking into account the unlicensed nature of the firm, the hope for a web trader or otherwise is even less evident.

CLICK MONEY SYSTEM DEPOSIT/WITHDRAW METHODS AND FEES

As a last blow, the firm made sure not to include any payment information whatsoever. There are no depositing methods, no minimum deposit requirements, no withdrawal fees, nothing!

We can speculate that, because there is so much talk of Bitcoin, it’s probably a BTC wallet that is used as a payment wallet. If such is the case, it would mean that the risk is even greater than we anticipated. All crypto investments are untraceable with unlicensed brokers, and once deposited the user loses all on the spot.

As for withdrawals, we never believe that unlicensed brokers allow for withdrawals, no matter how much they talk abut profit.

So whatever you do, do not invest in Click Money System. Even if there is a full broker behind this intermediary website we are sure that it would be a risk to all! If you get the chance to invest you better run!

HOW DOES THE SCAM WORK

Scammers use a couple of tricks that make up a big scheme that has not changed since its inception, meaning that it’s fairly easy to avoid it.

The fraud starts when the broker contacts the user, who has unknowingly provided his or her contact details in the past through some seemingly innocent channel.

Communicating with the broker might seem like a pleasant experience as the other side sweettalks its way to your wallet. The reason why most frauds target non-trading audiences is because they are more susceptible to this kind of verbal manipulation. Otherwise, users might start receiving emails with unbelievable good investment deals, none of which are actually lucrative.

The tipping point is the first deposit that scammers are so eager to sell. After this first investment, the user has fallen into the clutches of the fraudster. Either he will be pushed to invest more by false promises of further “profit”, or the client will want to get back his initial deposit, a request to which he is told that further investments are needed.

On whichever side of the coin you the user is, she will most likely never be able to withdrawal. All withdrawal requests will be denied for a plethora of equally ludicrous reasons.

WHAT TO DO IF SCAMMED

Once scammed, your safest bet is a chargeback. Contact your credit or debit card company and move on from there. It’s good to know that MasterCard and VISA have a chargeback period of 540 days.

Bank investments are more difficult to reimburse but not impossible. Most banks have some sort of strategy for dealing with lost capital, so the client’s best bet is to contact her corresponding bank and proceed from there according to the bank’s plan of action. We also recommend that users change their bank account username and password if defrauded.

As for crypto investments, it is unfortunate to say but there is no real way of getting lost money back through these channels. All crypto investments are untraceable, and there is no telling where the investor’s funds will end up.

Don’t trust recovery agents or agencies. These are either independent scammer looking to charge users “service fees”, or extensions of illicit broker schemes.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 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
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus4.75/5$5 Click for a special offerWebsite

Leave a Reply

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