Blacklisted Companies Who Are Known For Conducting CFD Scams & Must Be Avoided For Your Own Protection
Excerpt: Internet scams are several types of fraud that are made possible by thieves via the internet. Phishing emails, social media, text messages on your phone, phony tech support calls, scareware, and other scams are just a few examples.
Scammers target people from different walks of life, ages, and socioeconomic origins all across the world. Scammers fabricate plausible stories in order to persuade you to give them more money or personal information. Internet scams are several types of fraud that are made possible by thieves via the internet. Phishing emails, social media, text messages on your phone, phony tech support calls, scareware, and other scams are just a few examples. Credit card theft, obtaining customer login and password details, and even identity theft are all common goals of these types of scams.
Checking trading blacklists to verify if your present or potential broker can be trusted is always a good idea. Companies only appear on these lists if they have engaged in fraud or other forms of misbehavior. Take the time to check because a lot of unregulated businesses will appear on them.
After getting information from reliable sources. We’ve compiled this article that contains a few of the blacklisted CFD scam companies, why they are considered a scam, and all you need to know to prevent yourself from having your credentials or assets fall into the wrong hands.
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Table of Contents
CHAPTER 1: BECFD
BECFD began in August 2017 as an unregistered CFD and Forex broker. Their website appears to be down at the moment. BECFD Limited, situated at Trust Company Complex, Ajeltake Island, Majuro, Marshall Islands MH96960, is the company’s owner. Their phone numbers are +44 203 807 2033 in the United Kingdom and +49 69 204 579 237 in Germany. The email address for customer service is [email protected].
Investors can use the TraderSoft trading platform from BECFD to trade CFDs and Forex. Hundreds of underlying assets, including Crypto, Forex, Stocks, Commodities, and Market Indices, are available for trading. On Forex pairs like EUR/USD, the standard leverage is 200:1, and the spread is three pips. You can use the web-based desktop trading platform, download the MetaTrader4 program, or download one of the recently announced mobile trading apps for Android or iOS. A $250 minimum deposit is required to open a new trading account, and the broker’s website is available in German, Italian, and Russian.
The initial step in protecting yourself from internet scammers is to conduct rigorous due diligence on the companies and entities to which you intend to transmit money. Other people who have utilized the same service and published their ideas and feedback online on various forums are almost certain to exist. After completing some research on several social media channels (Facebook, Twitter, Instagram) and online trading forums, a common trend emerged: people were unhappy with their BECFD experience. Based on this customer feedback, it looks like BECFD is a shady broker, and investors should proceed with caution before using their brokerage platform. Many brokers out there operate under false company names or engage in other illegal activities. A preliminary investigation can go a long way toward safeguarding you and your assets.
BECFD has been identified as a potential scam broker. This broker is on a well-known regulatory authority’s blacklist and should be avoided. BECFD is owned by BECFD Limited, which is a Marshall Islands-based offshore business. BECFD Limited is a Forex and CFD broker that is owned and operated by BECFD. The firm is based in the Marshall Islands, an offshore jurisdiction where brokers are typically unregulated and unsupervised. There isn’t much information about the broker on the internet, only two phone numbers: British and Austrian. It means that BECFD has been attempting to provide services in these nations without being regulated or permitted. There isn’t much information about the broker on the internet, only two phone numbers: British and Austrian. It means that BECFD has been attempting to provide services in these nations without being regulated or permitted. Furthermore, the Austrian Financial Market Authority (FMA) has recently issued a warning against this company.
We continually tell traders that dealing with offshore brokers is extremely hazardous because clients’ funds are not protected. We strongly advocate only creating a trading account with brokers who are regulated by reputable international agencies and have a good reputation for adhering to the appropriate set of rules and delivering on the promised timeline of operations. Traders should use highly-regulated brokers like UK brokers or Australian brokers, as well as reputable brokers like BlackBull Markets and Pepperstone. BECFD isn’t a registered broker.
The first and most crucial step when looking for a broker to conduct your trading activities with should always be to learn about their certification. This will reveal whether BeCFD is regulated by a central body or if it is an offshore and/or unregulated company. You have limited to no legal remedy if your funds are compromised by a broker who is unregulated or regulated by an entity outside of your jurisdiction. Only if the broker is regulated by the authority in your area may you file a complaint in the event of theft. The following are some instances of regulatory agencies that issue brokerage licenses:
- The Cyprus Securities and Exchange Commission (CySEC)
- The Financial Conduct Authority (FCA)
- The Australian Securities and Investments Commission (ASIC)
- If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
Christian Harp on the https://www.reviews.io/company-reviews/store/becfd-com says:
“Do not even think of investing your hard-earned money in this fake company, I started trading with them two years ago, and the services have been good so far until June last year when their services became very poor. Initially, I noticed the charts were always fluctuating, and it became easy for traders to lose money so easily. Also, the stop loss was not really as effective as it used to be. After I lost 50% of my investment, I requested a withdrawal in September, but they kept using delay tactics by requesting unnecessary documents. I was also billed to pay a withdrawal fee. It was in January I noticed my account was no longer accessible, and I realized they were trying to play a fast one on me. Immediately, I contacted a fintech expert: matthewhankey48 At gmail_com. All thanks to their expertise, I was able to get my funds back. I hope this review helps you too. I recommend their service.”
In another review, Quinn Robert says:
“I started trading with Becdf only to find the account managers intimidating, aggressive, and downright bullying in terms of trying to get you to invest more funds. I tried to make a withdrawal several times and was eventually advised that I had to have a total of $63400 in my account before I could withdraw. Although I spent all the time investing, I was told that I could make a withdrawal at any time. I have now invested $53720, and they refuse to give me any funds back. I had to reach out to a recovery company WEALTHWATCHS.COM to help me recover all my money back, and I am glad it was a success. I am just thankful I have all my money back.”
On another trading platform (https://www.forexpeacearmy.com/forex-reviews/14201/becfd-forex-brokers), Charlie from the United Kingdom mentioned the situation he faced with his withdrawals. Charlie wrote:
“I’ve had an account with them for some time, almost a year. There is money still in there. I’ve been unable to get any luck from my credit card company retrieving the funds as the deposit money was around £700. They have not been of any help. I am worried that if I were to use my passport, it may get taken off me as this company has a copy of it. I have tried to contact them via message and email but don’t get much feedback, although a lady got in touch before Christmas and split the funds onto a few assets. My account has now got £10,00.00, so I believe, but I’m not getting any response from them even if I try to withdraw; useless, and I still get calls from other Brokers to set up accounts which is more annoying – As for advice my local office said I have a credit card bill to pay for end off.”
Vick Ross on the https://www.trustpilot.com/review/becfd.com states:
“Fake reviews are what they sell here!!! They make you believe that you are doing the right thing by entrusting your money into their hands, but trust me, they are all bunch of scammers. I have been their prey before, but I was able to seek assistance from a legal entity named; Fiord intelligence.com. They were able to bring all of my cashback and brought a smile back to my face.”
HAVE YOU BEEN SCAMMED AND NEED HELP IN FIGHTING BACK?
Scammers can create complex scams that can trap even the most cautious of people. But it’s not too late because we can help you track the damage done by scammers. We can help you get your money back!
In accordance with the FCA website (https://www.fca.org.uk/news/warnings/becfd), almost all businesses and individuals in the UK who offer, promote, or sell financial services or products must be authorized or registered with them. The FCA’s website assures us that they have not authorized BECFD, and it is targeting people in the United Kingdom. If something goes wrong, you won’t have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS), so you’re unlikely to get your money back. BECFD has been identified as a potential scam broker. We don’t recommend trading with them, and if you do, contact them right away to try to get your money back. According to the most recent BECFD investigation, the company is operating illegally and without an appropriate financial regulatory license.
CHAPTER 2: SwiftCFD
Swift CFD is a Forex Broker that provides Forex Trading services through the MetaTrader 4, MT4 Mobile, and Web platforms. Swift CFD is a b-book broker in terms of order execution (market maker). Swift CFD provides currency, indices, cryptocurrencies, CFDs, and commodity trading. Swift CFD is not regulated in any way. SwiftCFD was a non-regulated Forex and CryptoCurrency CFD broker that first opened its doors in November 2018. Their website is no longer active! They are owned and run by Digital Worldwide OU and are located at Roosikrantsi in 2-K344, Kesklinna District, Tallinn City, Harju County, 10119, Estonia. SwiftCFD can be reached in the United Kingdom via phone at +44 208 089 7911 or by email at [email protected] The official website is https://www.SwiftCFD.com/.
SwiftCFD offers two different Forex trading platforms: the conventional MetaTrader 4 program and their Panda web-based system. The web-based trading software is simple and intuitive to use, making it ideal for new investors who are bewildered by the MT4. The platform’s disadvantage is that it is not mobile-friendly. Instead, go to Google Play and download their mobile trading app. This broker also stated that their MetaTrader platform would be available soon. This broker, as you can see, offers CFD trading on a variety of underlying assets, including Forex, commodities, cryptocurrency, stocks, and market indexes.
Bitcoin spreads are fixed at $175 regardless of price, and the margin allowed on Crypto is 100:1. Leverage on Forex pairs can reach 100:1, and the EUR/USD spread is three pips. A $250 minimum deposit is required to open a new trading account. SwiftCFD is also linked to another investment platform that is not licensed by the authorities in order to conduct business. The company Digital Worldwide OU is situated in Estonia. There are only two investing accounts in the company. Premium and regular investing programs are available. Unfortunately, the Ponzi scheme lacks a demo account, so you won’t be able to get a feel for their platform.
To be able to trade on this platform, you must make a minimum deposit of $500. That’s a lot of money, especially when you consider that there are more trustworthy Forex trading brokerages on the market that charge less than SwiftCFD. Clients must additionally deposit at least $10,000 in order to use their premium account. You will not get any rewards if you invest your money and time in this company. In addition, the pyramid scheme claims to have Islamic accounts. The company was founded in November 2018, and nothing good has come out of it since then. The platform is illegally operating, and they haven’t made their accomplishments public so that the public can know how they’re doing.
Finance and investment are inextricably linked to statistics. SwiftCFD will struggle to acquire traders’ trust without evidence that the company is engaged in any investment venture. Expert traders would not trade with this firm since it is risky. The platform includes a web-based system as well as the MT4 trading interface. Customers are free to choose what suits them best. Unfortunately, despite the company’s assurances, the MT4 platform is not currently available to investors. SwiftCFD’s trading conditions are undisclosed to the general public. We have serious doubts about the company’s legitimacy because it is not transparent and has been related to pyramid scams. We feel there is no trading activity on the website because of the shady tactics they are employing. The company has received complaints regarding traders’ funds being traded without their permission.
Furthermore, when it comes to withdrawing funds, investors are having issues. The portal claims to trade Bitcoin Cash, Bitcoin, Ethereum, Monero, Litecoin, and Dash, among other digital currencies. SwiftCFD also trades a number of different Forex pairs. Due to a variety of issues, the money of investors is not secure on this site. We recommend that you stick to regulated and trustworthy businesses rather than waste your time on a dodgy website. The public is unaware of their win percentages and the amount of money they lose. The trade situation is equally enigmatic; the corporation does not provide us any reason to believe in them. SwiftCFD is a risky trading platform. Digital Enterprise Ltd., an offshore corporation registered in the Marshall Islands, owns SwiftCFD.
The Marshall Islands are well-known for their lack of rules and laws. It does not control forex trading and has a minimal setup fee. As a result, it became a haven for dodgy forex brokers like YFX Capital, Pinprotrade, and others. When the Fraud Broker Investigator investigates a new Forex & Bitcoin broker, such as Swift CFD, we want to know if it’s a legitimate company or a scam. A legitimate government brokerage license from the FSB in South Africa, FCA in the United Kingdom, or ASIC in Australia is required. SwiftCFD is not a regulated financial institution. The FCA issued this warning to investors on October 8, 2018. Digital Enterprise Ltd, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 is also listed as a firm owner.
SwiftCFD is an illegally functioning offshore investment business. The location of the platform indicates that they are ordinary scammers that solely seek to cheat their victims. When it comes to investing firms, Marshall Island takes a laid-back approach. Their requirements are not comparable to those of financial regulators such as the FCA, NFA, ASIC, CySEC, or FTA. The neighborhood is also notorious for being a haven for Ponzi scams. The financial regulatory body of the United Kingdom has banned one of the parent corporations (Digital World OU). It’s a clue that an investment firm isn’t legitimate if it’s affiliated with such a nefarious outfit.
The Ponzi fraud purports to be based in the United Kingdom, which is untrue. The company is a hoax, and they’re utilizing a proxy to make it appear as though they’re phoning from the United Kingdom. They will eventually shut down their system with clients’ money in it, never to be found again if the law catches up with them. If the police catch up with them, the scammers behind the firm risk being charged with fraud. SwiftCFD is a full-fledged Ponzi scheme that exists solely to defraud investors. Once the money has been made, there is no way to reverse or track it. The security of traders’ funds should always take precedence. SwiftCFD, on the other hand, simply cares about its avaricious ambitions. It has a very high minimum fund requirement, which is twice as high as the market average. The company should not be your first pick because the benefits they give to investors are not clearly stated.
The platform is linked to market Ponzi schemes, which have already been blacklisted by a well-known financial body. It’s a significant red signal that they’re not deserving of your trust. Trading with the company would result in massive losses due to its multiple red flags. They’re an offshore corporation, and losing money to one is as easy as blinking an eye. You’ll wake up one day and discover you can’t log into your account because the website is offline. The staff in charge of handling the money of investors is not given credit, which leads us to conclude that the person in charge of the company is the only one running the show.
The phone number listed on their website is purely for the purpose of establishing credibility. They will only contact you if they are able to persuade you to deposit more money. You should avoid the Ponzi scam while you still can since it employs well-trained con artists. SwiftCFD is a sham investing system that hides its true intentions from its customers. The platform does not make its withdrawal requirements clear, which raises questions about its entire approach. The Ponzi scam is doing everything it can to garner traders’ trust. If you provide them with your personal information, they will force you to trade with unregulated brokers. When looking for a legitimate investing company, the first thing you should look for is transparency. Invest with a trustworthy Forex trading firm that looks out for its customers’ best interests.
CHAPTER 3: CFD Global FX
CFD Global FX is a forex, indices, and commodities broker that offers to trade on a variety of marketplaces. The provider’s own platform can be downloaded or accessed directly through a web browser. The software has a customizable interface and a wide range of trading capabilities, such as 23 languages, live quotations, and better charting.
There are also order management tools, trading history, and pre-programmed analytical tools available. CFD Global FX has over 70 trading assets, including 44 currency pairings, four precious metals, as well as commodities, cryptocurrencies, and indices. While there is a good mix of assets, clients must first create an account before seeing product-specific information. The software also allows algorithmic trading methods employing trading robots, allowing you to trade the markets without human interaction 24 hours a day, seven days a week.
CFD Global FX is an unregulated STP broker that claims to offer a variety of account kinds as well as competitive trading terms. Despite this, the broker isn’t forthcoming with information about the company, including its registered address and history. Using their own trading platform, the broker provides a variety of assets, including Forex, cryptocurrencies, commodities, and indices. The broker is likewise not forthcoming with information regarding their company’s history or registered address. We would advise traders to be cautious while contemplating this provider because of its anonymity and lack of transparency.
The basis of the supplier can be downloaded or accessed straight through a web browser. The program has a customized interface with specific trading features such as 23 dialects, live statements, and improved graphing functionality. A full range of requests for the board devices, trade histories, and pre-customized scientific instruments are also available. In addition, the platform supports algorithmic trading systems that use trading robots to allow you to trade the markets 24 hours a day, seven days a week, without the need for a middleman.
CFD Global FX can only be reached by email at [email protected], which is, unfortunately, the only option to contact them. This is a cause for caution because legitimate and trustworthy brokers typically provide faster contact options, such as a live chat facility. Unless you’re ready to sign up with a broker who doesn’t offer phone support or live chat, you should look into alternative options. Quality, reliability, and openness are said to be important to CFD Global FX. Our investigation, on the other hand, uncovered the polar opposite, with little openness in terms of trade conditions and regulation.
If you’re considering enrolling for an account, this could be a symptom of a bogus firm, so proceed with caution. Looking at their website, it appears that they are not governed by any regulatory body. This is a VERY LARGE RED FLAG!! That should be enough to make you decide against investing with them. They also work with websites that provide “Automated trading software,” which is a red signal because these types of websites are renowned for scamming. So CFD Global FX is just another unregulated forex broker, which means clients are unprotected, and it’s quite probable they’ll walk away with your hard-earned cash with no regulatory agency to hold them accountable.
Unregulated forex brokers usually operate in the following manner. They’ll phone customers to encourage them to make the initial minimum deposit, and they’ll attempt every trick in the book to do so. They will make promises that sound too good to be true, such as doubling your initial deposit or making $100 every day with ease. Please don’t believe whatever they tell you!!! It’s a rip-off! People are switched to a wiser scammer, known as a “retention agent,” after making the initial deposit, who will try to extort more money from you.
CFD Global FX has been identified as a shady broker, with several CFD Global FX complaints flooding the btc-scam database. If you’re seeking a reliable online trading broker, you should stay away from CFD Global FX. Because there are so many broker scams out there, it’s wise to be cautious and only interact with registered companies. Remember that btc-scam receives alerts and dangers regarding regulated brokers on a daily basis (as does the SEC and CFTC), so even that won’t completely safeguard traders! We advise you to ignore the warnings in this CFD Global FX review and stay away from this unlicensed broker.
Putting money into a portfolio is a significant commitment. You not only entrust your money to a broker, but you also entrust your data to them. A predatory scam broker can steal both your money and your personal information, or both in many circumstances. It’s critical to exercise caution and avoid any trading broker who raises severe concerns. A large number of CFD Global FX complaints warrant strong warnings that they may have or can steal your personal information.
CFD Global FX is not regulated and hence does not have a license, which raises certain safety issues. The broker is likewise not forthcoming with information regarding their company’s history or registered address. We would advise traders to be cautious while contemplating this provider because of its anonymity and lack of transparency. According to the most recent CFD Global FX inspection, the company is operating illegally and without appropriate financial regulatory authorization.
WORRIED THAT SOMEONE HAS YOUR PERSONAL & BUSINESS INFORMATION?
With how easy it is for scammers to acquire your data, it’s reasonable to be alarmed. Protect yourself and your loved ones by getting advice from experts. We will guide and even help you get your money back from scammers.
CHAPTER 4: CFD Royal
Royal CFDs is an online trading broker based in Roosikrantsi tn 2-K344, Kesklinna District, Tallinn City, Harju County, Estonia. It is owned by Global View International Services Limited and Digital Worldwide OU. Their phone number is +442080680923, and they may be reached by email at [email protected] This broker is also unlicensed and blacklisted, which is worth noting. CFD Royal is a forex broker that offers mobile and web trading platforms for forex trading. CFD Royal is a b-book broker in terms of order execution (market maker). Currency, indices, CFDs, and commodities are all traded at CFD Royal. The CFD Royal market is unregulated.
We discovered a few questionable aspects when researching CFD Royal, which we believe should be addressed. Elit Property Vision LTD, the business that owns CarterFS and RichmondFG, is also the owner of other brokerages. These businesses have been blacklisted by various regulators on many occasions, and this fact does not inspire confidence in CFD Royal. Another point to consider is that CFD Royal was previously controlled by United Limited, a Marshall Islands-based offshore firm. The Marshall Islands are well-known for their lack of rules and laws. It does not control forex trading and has a minimal setup fee. Last but not least, traders should avoid CFD Royal because it has been outlawed by the SEC.
The first emotion of people who have been duped by a broker trade scam maybe embarrassment. Few people are willing to confess that they were duped by a crooked broker. It’s possible they’ll be told they should have sniffed out the deception before signing the contract. CFD Royal may have paid for nice reviews, for example, or its website may appear to be professional. The negative CFD Royal reviews, on the other hand, will be revealed later. This circumstance has the potential to be extremely humiliating. You should also be aware that con artists prey on people frequently multiple times once they’ve decided to work with you. It’s important to remember that it’s not your fault!
In reporting the CFD Royal and seeking to recover your cash, there is also a sense of social duty. If all scam brokers were punished, forced to refund their ill-gotten gains, and faced the consequences, such as losing their licenses or facing legal action, fewer people would try to set up fraudulent schemes. Reporting the scam and recovering your funds may serve as a deterrence against future scams.
Negative CFD Royal reviews will also serve as a warning to potential clients. Customer feedback and CFD Royal reviews were reviewed. We’ve reached the conclusion that potential traders should be suspicious of all CFD Royal cautions and warnings and should instead find a trustworthy broker. Making a complaint about CFD Royal can lead to action that benefits a lot of other people. It is critical that a broker who is stealing funds from traders does not get away with it. Identifying and describing the conduct of CFD Royal scam brokers will bring their actions to light.
Aero from West Bromwich on https://www.forexpeacearmy.com/forex-reviews/15284/cfdroyal-forex-brokers says:
“Royal CFDs are not regulated. My experience with them shows that you should stay away from them. Look for a regulated broker. Tell me not let you withdraw money. Their customer care tried to convince me to invest a few thousand pounds. But I deposited $331, and right now, my account is $255, but I’m not allowed to withdraw it. Please stay away from them. They are probably a fraud.” Many people have fallen prey to such scammers and have had to face terrible consequences. If you decide to get yourself into the CFD game, it is vital you do your research and beware of the fact that not all advertisements or reviews you read are legitimate.
CFD Royal, according to our study, is a complete rip-off. Elit Property Vision LTD, with a registered address in Sofia, Bulgaria, owns and operates CFD Royal. The Financial Supervision Commission of Bulgaria, or any other agency, has not authorized or regulated the broker. To sell and deliver financial services, Forex and CFD brokers must have a license from the local financial authorities. Because CFD Royal lacks such a license, it cannot be regarded as a safe broker to invest with.
CFD Royal and other unregulated brokers should be avoided by all investors and traders. The absence of information on the broker’s regulations, trading conditions, and contact information should be a major red flag for anyone considering investing with the company. Typically, such businesses engage in investment fraud. Traders should only trade with brokers who are regulated.
After doing research on numerous social media channels (Facebook, Twitter, Instagram), as well as online trading forums, a common trend emerged: people were unhappy with their Royal CFDs experience. Based on this customer feedback, it looks like Royal CFDs is a shady broker, and investors should proceed with caution before using their brokerage platform. Due to their regulatory status and dubious terms of service, CFD Royal was found to be using questionable and unethical practices.
Users are advised not to trade with this CFD Royal and if they have already done so, to contact them immediately to withdraw their funds. If you’ve had any of the following experiences with CFD Royal, you’ve most certainly been duped or are a victim of a scam. As a first step in reclaiming your payments, we recommend reporting a scam and filing a refund against CFD Royal.
CHAPTER 5: CFDxp
CFDxp is an online brokerage firm that allows users to trade Cryptocurrencies and other valuables. Despite the fact that the company’s website is lacking in information, the company’s name is becoming increasingly popular among forex traders, brokers, and investors. They can be reached at +46842002553 or [email protected] by phone or email. cfdxp.com is their website address. It’s also worth pointing out that this broker is unregulated, offshore, and a scam.
According to our analysis of CFDxp, this broker offers investors the Profit web-based trading platform. CFDs on Forex pairs and most Crypto Currency / Virtual Coins are available with this trading program. There are around 180 underlying assets accessible for CFD trading in total. You must be aware of the distinction between purchasing a coin and trading CFDs on coins. The new ICOxp coins Singapore Coin, Swedish Coin, and Uber Coin are likely to pique your curiosity. You can trade the coin with leverage if you use a CFD broker. This broker offers a 10:1 margin on Bitcoin and Ethereum trading.
Checking for a legal license while reviewing a new Crypto Currency broker to discover if they are a reputable or fraudulent broker is the first step. CFDxp is not a regulated brokerage firm. We can see that this broker is owned by the same business that owns ZeusOption, which is now defunct. Legitimate CFD brokers are licensed and regulated by government agencies like the FCA in the United Kingdom, the SEC in the United States, and ASIC in Australia. Smart investors always double-check that the broker they’re planning to work with is indeed licensed in their home nation. FBR Investments Ltd is the owner of CFDxp, according to their website.
FBR Investments Ltd is based in Dominica, a well-known offshore jurisdiction that is popular among dodgy brokers. CFDxp is a broker that is not regulated. Unregulated brokers have the problem of being untrustworthy and abusing the rules. Stay wary of this broker because they are nameless and can disappear at any time without warning. You should be able to readily find out who is the CEO of this brokerage firm, who runs it, and so on to ensure you are dealing with a regulated and well-known broker.
Because you have no idea who will be dealing with YOUR MONEY, a lack of knowledge is a major red signal. This is one of the reasons why CFDxp is a risky broker to work with. Funds are not safe due to a lack of knowledge and the fact that CFDxp is unregulated. With unregulated brokers, money security is a major issue. CFDxp is hiding critical information from users, which is a red flag we found. Because there is no banking information about CFDxp, the broker could go bankrupt at any time.
Prioritize supervising registered brokers so that you can receive funds legally. Regulated brokers are growing in popularity, particularly among beginning traders. If you want to trade foreign exchange, cryptocurrency, CFDs, or commodities, paying close attention to the broker you use can help you avoid broker fraud and avoid broker withdrawal troubles.
Traders can use a variety of indicators and metrics to establish whether or not a broker is licensed. New traders are prone to overlooking these variables since they are quickly enticed by new offers and promotions. Most traders will not research a broker’s advantages and disadvantages, and as a result, the broker will deceive them in the end. You must conduct extensive research to uncover issues and complaints that can be used to prove that any broker is a fraud. You may learn whether a broker is popular or whether it is a fraud by reading ratings and reviews.
Poor-quality brokers will rely on commissions and make withdrawing funds difficult. You should never put your money with an illegitimate broker who does not provide a safe trading environment. The broker must provide a safe and secure atmosphere in which you do not have to be concerned about the security of your funds or investments. Several users have stated that they have been asked to pay expensive taxes/fees, that they have been inattentive to withdrawal requests, or that they have been flatly refused withdrawals.
If you’re having trouble withdrawing Cfdxp, please report it to Cfdxp. CFDxp, like the majority of brokers in the business, offers the popular MetaTrader 4 platform. CFDxp WebTrader software provides a handy platform from which investors may access the market without loading memory-intensive software for those traders who wish to check their accounts anytime, anywhere. Many high-quality brokers’ proprietary systems can give an exceptional trading experience.
When examining a broker’s case, call customer service, but keep in mind that even rogue brokers will appear polite and helpful at first, only to reveal their true colors later. These account options may appear appealing. However, trading on CFDxp is a complete rip-off. Many dishonest brokers, for example, charge high withdrawal costs that do not just cover service fees. You are unable to withdraw funds from your account. These are some of the red flags that a broker is in difficulty with.
Traders should only trade with trustworthy brokers who are well-regulated, such as those in the United Kingdom or Australia. CFDxp and other Vanuatu brokers should be avoided by all investors and traders. We do not advocate dealing with CFDxp since it has been linked to fraud. Unregulated brokers have difficulty being untrustworthy and breaking the rules. Some dishonest brokers will be aggressive with customers, encouraging them to engage in particular trades.
Many unlicensed brokers, such as CFDxp, defraud clients, according to reports. Funds are not safe due to a lack of information and unregulated CFDxp. This is why it is critical to gain a better understanding of CFDxp before opening an account, transmitting money, or submitting any papers. The information provided here is insufficient to begin trading with CFDxp. Another item that is lacking from the CFDxp support page is a list of numerous distinct CFDxp workers, which many other brokers, notably scam brokers, do not provide.
The primary issue that was encountered while exploring CFDxp was that the broker did not disclose his physical address in the contact area. However, if the broker no longer provides contact channels such as email, phone, text messaging, and chat and has a support crew that does not appear to comprehend the trade or is evasively asking specific questions, this could be a symptom of a fraud or a low-quality broker.
During our preliminary research on this broker, we came across a slew of CFDxp reviews complaining about how bad customer support was after the initial deposit. In conclusion, regardless of CFDxp’s trading conditions, we do not advocate dealing with it because it is unregulated and could be a scam. He has the ability to inflict significant losses on his consumers. Hence we believe he is a possible liar.
Some brokers offer a diverse range of trading items, while others focus on a single topic, such as a foreign exchange. Traders should only trade with well-regulated and reputed brokers (such as those in the United Kingdom or Australia). Please ensure that whatever trading goods you find in the CFDxp reviews have gotten authorization to trade the products they offer.
CFDxp has been identified as a possible scam broker. We don’t recommend trading with them, and if you do, contact them right away to try to get your money back. We do not advocate dealing with CFDxp, regardless of the trading conditions it offers, because it is unregulated and likely to be a fraud. He has the ability to cause significant losses to his clients, and, as a result, we believe he is a possible fraudster. This is to prevent them from withdrawing their funds if they are con artists.
Don’t assume CFDxp is legitimate because it greeted you with a nice chatbot when you first arrived on the site or because the broker paid you a lot of attention in the first few weeks. This is not to say that you should be disheartened; trading can be secure and reliable in many circumstances, but only if you choose the correct broker. A good broker should be regulated as well as have a solid reputation, decent trading conditions, and outstanding customer service. Clearly, CFDxp accomplished none of the above and could not even be considered a broker but rather a foreign exchange market con. CFDxp conceals the majority of the trading terms, which creates suspicion.
CHAPTER 6: CFDs100
DO YOU SUSPECT THAT SOMEONE HAD SCAMMED YOU?
If you have suspicions of a scam or phishing attack, you can rely on experts to help you with protection, mitigation, and fund recovery. You will feel safe knowing that experts with years of experience will be guiding you!
CCLR Solutions Limited, 4 Parda St, Downtown District, Harju County, Tallinn, 10151, Estonia, is the current owner of CFDs 100. TRSystem Ltd was the previous parent company. +442039667937 is their phone number in the United Kingdom. [email protected] is the email address for withdrawals. https://CFDs100.com/ is the official website. When we look at the new broker CFDs100, we notice that they use the TraderSoft CFD trading platform. Hundreds of stocks, cryptocurrencies, forex pairs, commodities, and market indexes were among the underlying assets available for trade.
You can trade using their web-based trading platform or the MT4 program that you can download. At the time of this review, there were no mobile apps available. A $250 minimum deposit is required to open a new trading account. Their website is available in several languages, including English, Russian, Italian, and German. If you do not verify your account within 30 days of opening it, or if it is not active for 30 days, you will be charged a fee.
A number of unregulated brokers, such as Cfds100, have been accused of defrauding customers. Scam broker victims can obtain support from fund recovery experts to fight back and get their money back from scam brokers. We do not advocate trading with Cfds100 since it has been accused of being a scam broker. If you are currently trading with them, withdraw your funds immediately. Furthermore, in August 2018, the Estonian Financial Supervision Authority issued a warning to the company. The Financial Conduct Authority of the United Kingdom has also placed the brokerage on a blacklist. The Financial Markets Authority (FMA) of Austria recently issued a warning against CFDs100 (CCLR Solutions Limited):
“CFDS100 LTD (CCLR Solutions Limited) is not authorized to provide banking or investment services that need a license in Austria.” As a result, the provider is not able to trade commercially on its own behalf or on behalf of others, nor to provide financial advice.” CFDs100 is also under the jurisdiction of Vanuatu, according to the terms and conditions. Vanuatu is well-known for its lack of restrictions and standards. It does not control forex trading and has a minimal setup fee.
As a result, it became a haven for dishonest forex brokers. Nobody knows who owns this Forex and cryptocurrency trading platform. Ownership is still a mystery, which is a major issue for us. How can they expect us to trust a platform whose owner we don’t know? It could be a ruse used by terrorists to obtain funds from people all around the world. How can anyone be expected to deposit money with someone they don’t know? The very least they could have done is given us the developer’s name.
Scams like CFDS100 persist because of their anonymity. The fact that we can’t reach them makes these con artists feel inadequate. It also implies that even if they stole your money, you wouldn’t be able to track them down. It’s preferable to contact whoever runs the platform where you’re ready to make a deposit. Because we have no idea who established this platform, CFDS100 is not a reliable brokerage firm.
There is no regulatory organization in the world that regulates CFDS100. We discovered that neither FCA nor CySEC had registered the Cfds100. Unfortunately, none of these regulatory bodies have cfds100 on their books. It just strengthens our position that this site is nothing more than a pyramid scheme. The best course of action is to avoid it at all costs. No one should be able to defraud unwitting Forex traders. Since CFDs100 isn’t registered under any company, it means you’re putting money into an unregistered and unlicensed business.
The appropriate authorities are requested to investigate and close down this brokerage firm. CFDS100 is a waste of money. It is extremely simple to make a deposit with CFDs 100. In less than five minutes, members can make a deposit. The different deposit alternatives available make this possible. Money can be deposited through Comodo, Bitcoin, AstroPay, Visa, and a variety of other methods. It gives these con artists a large number of depository options to choose from when individuals want to deposit money.
So, why are we experiencing trouble with CFDS100? It’s a real pain in the neck when it comes to withdrawing. No one should have to go through what others go through when using CFDS100 to withdraw. No one has come forward to allege that CFDS100 caused them to withdraw. It suggests that everything is a ruse to get money into the owners’ personal accounts. CFDs 100 is doing this since it is not regulated or licensed, as we have stated.
According to Sitejabber (https://www.sitejabber.com/reviews/cfds100.com), CFDs has a one-star customer rating based on two reviews, indicating that the majority of consumers are disappointed with their purchases. CFDs is ranked 334th in the category of Currency Trading websites. WikiFX (https://www.wikifx.com/en/dealer/2471644269.html) also warns regarding the low score of the platform and asks people to stay away from it. CFDs100 is an unregulated Estonian broker that doesn’t disclose much about its trading conditions or the firm that runs it. It’s unclear whether it actually offers the MT4 platform or whether it’s just a marketing ploy. Furthermore, CFDs100 is subject to a regulatory notice, and we discovered some bad user evaluations. Instead of wasting your money and effort with CFDs100, you should go with a reputable and regulated broker.
To offer to trade, a broker must pay for regulated licenses. CFDS100 does not pay for licensing, but it does provide trading services, which is illegal. To be able to offer to trade, you must first obtain a regulatory license from the country in which you wish to establish your business. If you provide trade without a license, you are breaking the law and are committing fraud. Because they are outlaws, brokers who do not have regulated licenses like CFDS100 will not refund your money.
The company CFDS100 is headquartered in a country with lax trading regulations. Because of their weak legislation, countries including the Marshall Islands, Vanuatu, Seychelles, Saint Vincent, and the Grenadines, Bermuda, and Estonia are thought to be hotbeds of bogus brokers. CFDS100 has been issued a public warning by the FCA (UK) and FMA (Austria). That is, he has offered trading services in a country where he lacks a regulated license. It’s a scam if a broker receives a public warning.
It’s critical to always examine a broker’s license because con artists will lie to get you to deposit the biggest amount of money. If you deposit money and are then asked to pay a fee to withdraw it, do not do so because you will be giving them extra money. In forex trading, everyone wants a trustworthy and dependable broker, but not everyone is fortunate enough to find one. There are hundreds of reasons why you can regret hiring a fraud broker, from CFDS100.com scams to withdrawal difficulties.
Withdrawal concerns are the most concerning because they frustrate the most. You may not know how to withdraw due to a lack of understanding of foreign currency trading. If a broker causes problems for traders when it comes to funding withdrawals, you should avoid using them. Withdrawals will always be smooth with a legitimate and safe broker. The trader’s experience helps him find a legitimate and safe broker.
This means that before selecting a broker, traders must review various websites and blogs regarding the finest brokers. They must consider service quality, security, withdrawal concerns, and a variety of other factors. You can never doubt the reliability of a trusted broker because they will originate from a trustworthy source. As a result, you must exercise extreme caution while selecting a broker in order to prevent broker scams. The majority of traders have CFDS100.com withdrawal troubles.
However, I have yet to encounter a legitimate broker that is experiencing withdrawal troubles. It’s unsettling to assume that a legitimate and safe broker might have withdrawal concerns, but they don’t. As long as they are functioning properly, a competent broker will never make your trading life difficult.
Reading reviews on the internet is a crucial approach to determining whether or not the one you’re considering is trustworthy and dependable. You can conduct numerous keyword searches on Google, Yahoo, or Bing to discover what others have to say about the broker you intend to use for Forex trading. If a broker has only a couple of reviews, all of which are positive, it doesn’t indicate anything. You must read multiple reviews, compare everything, and see what other people have to say about the broker in order to be confident that they are legitimate and safe to trade Forex with.
No, trading with CFDs100 is not safe. CCLR Solutions Limited owns and operates it, and it claims to be based in Tallinn, Estonia. CFDs100 allows consumers all over the world to invest in over 1,000 high-quality assets, including Forex, equities, commodities, indices, and cryptocurrencies. The company is registered in Estonia under the Companies Law, with its registered office in Tallinn, according to the website. The broker, on the other hand, is not permitted to offer financial services in Estonia or any other EU country.
This company is a hoax, according to FSMA Belgium, which issued a warning on February 19, 2019. No one can blame the victims of these phony CFDs, cryptocurrency, and forex trading websites. At first sight, the webpage appears to be appealing to the eye. No one can see that this is one of the world’s biggest con jobs. From the numerous claims to the user-friendly design, it’s no surprise that millions have been duped.
When dealing with CFDs 100, your money is not safe. The fact that CFDs 100 does not segregate accounts is undeniable. It signifies that all users have the same account and that it is not divided. We could be depositing funds into the owner’s personal account without realizing it. It’s not right that beginner traders should be the victims of such a shady broker. Funds should be segregated at all times, which CFDS 100 does not do.
Because CFDS100 does not engage in a compensation program, the safety of money cannot be guaranteed. This means that if the brokerage firm goes bankrupt, members will not be refunded their money. Don’t hire anyone who claims to be able to help you recover your money. They, too, are contributing to the situation. A trustworthy Forex broker should be able to compensate you if you lose money.
CFDS100 is nothing more than a con waiting to take your money. The best course of action is to ignore all incoming emails and promotional materials. Never put your trust in a broker who isn’t regulated or licensed and makes outrageous promises. To be honest, we’re dealing with a brokerage firm that is simply interested in getting as many people to sign up as possible. You will lose all of your savings if you sign up with this brokerage service.
CHAPTER 7: CFDStocks
CFDStocks is a brand name used by Pacific Sunrise UK Ltd, which also goes by the name Aaoption and offers CFD Stocks, Binary Options, and other financial products. CFDStocks’ address is listed as London, United Kingdom, and they offer multiple phone lines, including New Zealand, Norway, and Austria, as well as a multilingual website. Pacific Sunrise UK Ltd owns CfdStocks, an online trading broker based in London, United Kingdom, at 18 King William Street, EC4N 7BP. They may be reached at 02033322930 02038072167 02036709909 02036709880 02034559628 +6499402705 +4721984420 +4313469999007 or [email protected] [email protected] cfdstocks.com is their website address.
In order to be entirely lawful, a financial service broker or investment firm incorporated in the UK must be regulated by the local authorities FCA (Financial Conduct Authority). Because CFDStocks lacks a specific license or any other, the company is regarded as an illegal entity that is not authorized to provide its services. Apart from the legal issue, the broker got caught marketing its services in other countries, such as Australia, Asia, and other parts of the world.
The Australian regulator ASIC has issued a warning and identified the corporation as a company to avoid because it may be involved in a scam. Cfdstocks has the ability to cause significant losses to his clients and, as a result, is a probable fraudster, in our opinion. This element, on the other hand, demands special attention because it is frequently a target for brokerage frauds. Many dishonest brokers, for example, charge high withdrawal costs that do not just cover service fees.
Unfortunately, many non-withdrawal brokers hide behind these arguments to give the idea that they are not con artists. If Cfdstocks does not allow withdrawals, there is most certainly a problem with their licensing. Working with an unauthorized broker provides no protection against broker fraud. When a broker gets your money, he can do whatever he wants as long as it’s not against the law.
Choosing a trustworthy broker to trade with is a big decision. You can’t pick a broker simply on the information on their website. You must conduct your investigation on important details. There are numerous factors to consider while selecting a dependable and trustworthy broker. The majority of newcomers make the initial mistake of not conducting adequate research on the broker. Checking and researching the most significant aspects is critical. To begin, look into the regulatory organization that oversees that broker.
You can’t pick a broker who doesn’t follow any of the regulatory guidelines. Selecting a regulated broker will provide you with more confidence and assurance that you are dealing with a trustworthy business brokerage service. If it isn’t controlled, you should look into other options. The next step in selecting a legitimate broker is to look at its track record, history, and reputation, among other things. It should have a positive reputation in the industry for offering excellent customer service. You can learn more about this by visiting brokerage forums or websites where people have shared their experiences with this broker.
In a review on Trustpilot (https://www.trustpilot.com/review/cfdstocks.com), Elizbeth, on September 7, 2020, wrote:
“I got scammed by this bogus company CFD stocks last Nov/Dec 2017. I am still trying to withdraw my initial deposit. I have reported them to Action Fraud, but not much action there. So here I am in Sept 2020, still trying to get my hard-earned money back! Yes, stay away from the CFS stock company. How they can still be trading, I really don’t know.”
The website consists of many such negative reviews. In another review, on https://www.forexpeacearmy.com/forex-reviews/13273/cfdstocks-binary-brokers, Nani from Dubai wrote:
“Couple of days back I made a transaction of 250$ as per their instructions, but it was my big mistake ever in my life, after next day I started reviewing about this company and found that its big cheated company, so I send an email and I called up then asked my money back, and they said I need to submit some documents like my passport /driving license and credit card copy front back with covering CVV number and my electricity bill to verify my account and process the money back to my credit card.
So please advise is it okay to provide these documents to them? please advise.’ Reading the evaluations and feedback supplied by past traders is the best way to have a better understanding of any broker. While reading the feedback from other users, you may quickly identify the most common issue. While researching the broker, don’t disregard the feedback. The major top forex websites that provide reviews and ratings for any broker will also be quite beneficial to you in your trading.
By comparing several brokers, you may acquire a thorough understanding of the broker from their websites. The ratings and reviews left by other customers will aid you greatly in gaining a better grasp of the real facts regarding a particular broker since you may encounter similar troubles while trading with that broker. By reading the feedback and reviews, you can determine whether or not a particular broker is well-known or if it is a fraud.
The brokers will be rated in many segments by the major websites. A broker’s rating is based on a variety of factors. You should read a thorough review and then choose the broker that best meets your requirements. If you think a broker is offering a low spread, you can double-check by visiting other websites. Nowadays, most consumers use social networking sites to gain comments on a specific broker or a specific difficulty they are having when trading.
We discovered some reasons to be cautious after looking into Cfdstocks. Speak to professionals if you have lost money with Cfdstocks or any other broker or if you simply want to learn more about another broker. We urge our clients to file a strong claim against unscrupulous brokers. Experts can assist you in recovering your assets by providing investigative reports and recommendations. After having gone over numerous negative reviews across various platforms and the fact that CFDstocks is unregulated, it can be established that this broker is a scam.
CHAPTER 8: CFDPremium
Cfd Premium is a Forex Broker that offers Forex Trading using the MetaTrader 5, MT5 Mobile, and Web platforms. Cfd Premium is a b-book broker in terms of order execution (market maker). Currency, indices, cryptocurrencies, CFDs, and commodities are all traded on Cfd Premium. Cfd Premium is not controlled in any way. N/A owns CFD Premium, an online trading broker based at 88 Wood St, London, EC2V 7RS, United Kingdom.
They can be reached at +49 800 000 7915 or [email protected] via phone or email. cfdpremium.com is their website address. CFD Premium has five account kinds of meeting the demands of all of their clients, depending on their level of experience and personal preferences. All traders have access to a free demo account where they can test their trading strategies or simply familiarise themselves with the trading platform before switching to a live account and risking their own money.
64 Instruments that can be traded include forex pairings, CFDs, indices, precious metals, and oil, according to the trader’s preferences. CFD Premium, which is considered one of the most reputable and powerful trading platforms, offers the MT5. This platform is preferred by experienced traders since it allows them to download the software to their own computers. The fact that novice traders may download the platform’s app and trade on the move without having to download any software will appeal to them. All they need is a dependable and fast internet connection so they can log in and begin trading using their favorite web browser.
Do you suspect that someone had scammed you?
If you have any suspicion of a scam or phishing attack, then you can rely on TheClaimers to help you with protection, mitigation, and fund recovery. You will feel safe knowing that experts with years of experience will be guiding you!
With CfdPremium, you can open an Initial Account for 500 USD, a Regular Account for 1000 USD, an Intermediate Account for 2500 USD, an Advanced Account for ten thousand dollars, and a Superior Account for twenty-five thousand dollars. However, we believe that a deposit of $500 for a regular account is excessive, given several brokers allow you to register an account with as little as $100, and other prominent brands, such as XM and FXTM, just ask for a $5 deposit.
The least amount you can withdraw with CfdPremium is 100 USD, and there is a withdrawal fee of between 25 and 100 USD if you use a wire transfer. In addition, the brokers will charge you a fee of 5% of any withdrawn amount, which is rather unusual. It’s unclear how CfdPremium came to “possess a Financial Services Board regulatory mechanism,” but FSB is the old name of South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA).
As a result, we painstakingly reviewed the FSCA registers and were unable to link CfdPremium to any of the companies listed. Brokers that are not regulated by a well-known financial regulator, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC), have a low level of trustworthiness. Licensed brokers, on the other hand, must follow tight financial and ethical guidelines, including maintaining a solid fiscal adequacy ratio and keeping all client monies in a separate, creditor-protected account.
In the Forex industry, CFDPremium is a CFD and Forex Broker fraud platform. This platform, according to the website, is distinct from those offered by other Forex brokers. When trading Forex or any other market, you must always keep the risk of trading in mind. This broker asserts that your assets will be kept safe and secure.
We are confident that this is not the case, as the majority of people who have used CFDPremium have lost a significant amount of money. Their website is not safeguarded, which is a red indicator for us. As a result, hackers can quickly take control of trade and steal money from CFD Premium. The entire website is secured with 256-bit SSL encryption, according to CFDPremium. The only item that could be found was a downloadable True-Site identity assurance seal. These individuals are unable to ensure that monies are kept separate from the business’s account. If this was the case, anyone who lost money trading with them would have been compensated. The boast of a 100% money-back guarantee is clearly false.
CFDPremium appears to accept a variety of payment methods. MasterCard, OKPAY, PAYEER, PayPal, QIWI, and Request Payment are all accepted. Surprisingly, when it comes to deposits, this site is lightning fast. Deposits are fairly instantaneous, and you can see your money on your account right away. All of this appears to be too good to be true. Wait until you start getting withdrawals before you start claiming them.
When a user wishes to withdraw a specified amount from their account, hell breaks out. The issue with CFD Premium is that users are unable to withdraw their funds. This is why individuals are claiming to have been duped by CFDPremium on the internet. We feel this is a con where people are tricked into signing up, and then their money is stolen. CFD Premium has not provided any information as to why withdrawals are not permitted.
CfdPremium is an unregulated, low-credibility broker with an excessively high minimum deposit requirement. Even if the premium account trading conditions appear to be favorable, traders should exercise caution before entrusting their funds to organizations that are not regulated by any of the recognized financial agencies.
Avoid These Scammers Anyway Possible!
One of the most common internet trading scams is to show positive trades at first to lull the investor into a false sense of security and get them hooked on the promise of ‘easy money.’ Once the investor has gained confidence, the idea of investing more money in order to obtain higher returns will be promoted. Other incentives may be offered to encourage the investor to bring their friends and family to the platform as well. When a brokerage believes it has squeezed all available funds from a client and his or her network, the account will be suspended, and the investor will no longer be able to access the funds.
To gain credibility with unwary investors, many fraudulent organizations would claim to be based in a regulated country and post bogus regulatory licenses and addresses on their websites. Be cautious and double-check your information with multiple sources. When sending money over the internet, constant monitoring is required at all times. So, these are a few common-sense items to think about before hiring a CFD and forex trader. Check that they are properly regulated, that their trading platform employs the most up-to-date security measures, that they are not included on any trading blacklists, and that you have confidence in them. This may appear to be a lot of effort, but if it saves you from financial fraud in the future, you will undoubtedly consider it worthwhile.
do you need help?
A lot of those who contact us have questions and concerns about their personal and business data being compromised. We aim to arm you with the legal and technical know-how in the fight against scams. Also, we will be able to refer you to top scam recovery agencies.
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