Turbomillion Website – turbomillion.com

Warnings Against Turbomillion – Finansinspektionen (Sweden)

Turbomillion Address – Suite 1, Second Floor, Sound&Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles

 Why we do not recommend Turbomillion?

We reviewed Turbomillion and their website. We do not recommend any trader/public to do any commerce with them. The reason, we hereby publish the Turbomillion review.

Introduction of Turbomillion.

After studying their website and from other sources we came to know that Turbomillion seems not regulated by any known regulating authority. If the broker is regulated by any well-known financial regulators like FCA (UK), SEC (USA), CONSOB (Italy), ASIC (Australia), CSA (Canada), CYSEC (Cyprus), ESMA (Europe), AMF (France), BaFin (Germany), FSA (Japan), CNMV (Spain), FINRA (USA), etc. then it is good for the investor/trader. There is a ray of hope that your money can not be scammed so easily, as they have strict rules and regulations. There are chances the scammed money can be upturned, if not entirely then at least partially. Scam brokers get themselves regulated by a low-profile regulator and from a country that is notorious for regulating without many perquisites. It is nearly equivalent to being non-regulated. This is a vital red flag investors/traders should look for while investing with the broker.

Many broker websites work in conjunction with others who offer “automated trading software”. These websites are famous for scamming. This is also another warning sign you should vouch for before investing.

So Turbomillion is just another unregulated broker where the client’s money is not safe. There are chances that the broker company will flee off with your hard-earned money as there is no regulating/licensing authority to hold them accountable.

How do scam brokers scam investors/traders?

The scam brokers usually cold-call people at random. Or they send a wicked link through emails. Or they will nearly carbon copy (clone) a well-known and famous website with very minor unnoticeable changes and pretend that they are genuine. Or they will attach a link (get-rich-quickly) with some advertisement, and when the investor clicks on the link he is directed to the scammer’s website. The scammers “buy” data of persons they target from the grey market.

Scammer’s main purpose is to convince people to open an account with them with some initial deposit. Once you deposit the money, they offer another scheme whereby you can double your money in the shortest possible time or earn 100 USD per day. The manager you may be talking to till now will have resigned from the office and your account will be handled by the retention manager. The new manager will convince you to deposit more funds so that you earn more profits. Things go on and on till you exhaust depositing money.

The risk warning while trading may not be mentioned on their webpage or it would be hidden somewhere in the corner. The Turbomillion has used some of the above-mentioned techniques to defraud traders and thus suspected to be a scam broker.

Investors/traders face problems withdrawing funds.

If your sixth sense says that you are being scammed, urgently submit a withdrawal request. Your funds are unsafe with a non-regulated broker or dishonest brokers like Turbomillion. Read other broker Reviews at Scammers List 2022.

Whether you gain from your trades or not, no sooner you request a withdrawal, the process will take months. The process is deliberately delayed from the brokers’ side. Your money is gone forever. Your withdrawal request will go unheeded umpteen times, and finally, you will not get any money from them.

In case you signed managed account agreement when opening an account, you authorize the scammer to do anything he wants to, with your account. They will squeeze you for deposits till your last penny and then they will show you that your trading activities are going into loss.

The bonus and withdrawal conditions, rules, and regulations are not legitimate and they are made to defraud traders/investors. One or more of the issues have been reported with Turbomillion and therefore traders are advised not to trade with them.

Can you get your money back?

When you request your money back from them, there is a possibility they will not return you anything back. There are several other methods/options to get your money back.

Keep all your messages (tax invoice, bills, SMS, email, etc.) as evidence that you have been demanding from the broker for a long time your money back/withdrawals.

Scammers delay the process endlessly to avoid the chargeback filed by you as their plan is not to repay your funds.

File a chargeback immediately. If you do not know the way we can help and support you in preparing a valid case. Contact Lucenteq by filling out the form here and submit. But remember, the broker should be unaware of it as he will be alert and watchful, and will take preventive steps.

What if you deposited money through bank wire?

If you deposit through bank wire, your challenging techniques will change. Let the provider know your story. In case the banks are not willing to cooperate, let them know that you will go to higher authorities and file a complaint. That will make them think about the chances of a refund.

Prepare an email and forward it to the licensor authorities of your jurisdiction. If you do not know how to draft the email/letter or whom to send contact us and we will be happy to help you.

Help others not to fall victim to Turbomillion.

Yet another way to hurt scammers is to post reviews and comments on different-different sites. People will get aware before investing with Turbomillion. You can also post comments/reviews on our site.

When these scammers change the company’s name or website, they usually call their old clients they have scammed. If you get phone numbers or email IDs write them down in your comment/review and let the whole world know about them.

The broker remains functional for a certain time and suddenly disappears.  You cannot contact the broker or the website goes down. The broker restarts his operation under a different name and the changed website URL without any notice to prevailing traders.

Turbomillion review conclusion.

Writing a review of Turbomillion was a challenge. And we hope that many people/investors/traders will be able to save money after reading this review. We hope the review of Turbomillion was helpful to you.

Remember, always trade with a regulated and trustworthy broker. Read reviews published on our site. In case you want any advice on the withdrawal process or have any questions/queries do contact us.

Daxiron Website – daxiron.com, daxiron.net

Warnings Against Daxiron – Finansinspektionen (Sweden), Financial Conduct Authority (United Kingdom)

Daxiron Address – 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica

 Why we do not recommend Daxiron?

We reviewed Daxiron and their website. We do not recommend any trader/public to do any commerce with them. The reason, we hereby publish the Daxiron review.

Introduction of Daxiron.

After studying their website and from other sources we came to know that Daxiron seems not regulated by any known regulating authority. If the broker is regulated by any well-known financial regulators like FCA (UK), SEC (USA), CONSOB (Italy), ASIC (Australia), CSA (Canada), CYSEC (Cyprus), ESMA (Europe), AMF (France), BaFin (Germany), FSA (Japan), CNMV (Spain), FINRA (USA), etc. then it is good for the investor/trader. There is a ray of hope that your money can not be scammed so easily, as they have strict rules and regulations. There are chances the scammed money can be upturned, if not entirely then at least partially. Scam brokers get themselves regulated by a low-profile regulator and from a country that is notorious for regulating without many perquisites. It is nearly equivalent to being non-regulated. This is a vital red flag investors/traders should look for while investing with the broker.

Many broker websites work in conjunction with others who offer “automated trading software”. These websites are famous for scamming. This is also another warning sign you should vouch for before investing.

So Daxiron is just another unregulated broker where the client’s money is not safe. There are chances that the broker company will flee off with your hard-earned money as there is no regulating/licensing authority to hold them accountable.

How do scam brokers scam investors/traders?

The scam brokers usually cold-call people at random. Or they send a wicked link through emails. Or they will nearly carbon copy (clone) a well-known and famous website with very minor unnoticeable changes and pretend that they are genuine. Or they will attach a link (get-rich-quickly) with some advertisement, and when the investor clicks on the link he is directed to the scammer’s website. The scammers “buy” data of persons they target from the grey market.

Scammer’s main purpose is to convince people to open an account with them with some initial deposit. Once you deposit the money, they offer another scheme whereby you can double your money in the shortest possible time or earn 100 USD per day. The manager you may be talking to till now will have resigned from the office and your account will be handled by the retention manager. The new manager will convince you to deposit more funds so that you earn more profits. Things go on and on till you exhaust depositing money.

The risk warning while trading may not be mentioned on their webpage or it would be hidden somewhere in the corner. The Daxiron has used some of the above-mentioned techniques to defraud traders and thus suspected to be a scam broker.

Investors/traders face problems withdrawing funds.

If your sixth sense says that you are being scammed, urgently submit a withdrawal request. Your funds are unsafe with a non-regulated broker or dishonest brokers like Daxiron. Read other broker Reviews at Scammers List 2022.

Whether you gain from your trades or not, no sooner you request a withdrawal, the process will take months. The process is deliberately delayed from the brokers’ side. Your money is gone forever. Your withdrawal request will go unheeded umpteen times, and finally, you will not get any money from them.

In case you signed managed account agreement when opening an account, you authorize the scammer to do anything he wants to, with your account. They will squeeze you for deposits till your last penny and then they will show you that your trading activities are going into loss.

The bonus and withdrawal conditions, rules, and regulations are not legitimate and they are made to defraud traders/investors. One or more of the issues have been reported with Daxiron and therefore traders are advised not to trade with them.

Can you get your money back?

When you request your money back from them, there is a possibility they will not return you anything back. There are several other methods/options to get your money back.

Keep all your messages (tax invoice, bills, SMS, email, etc.) as evidence that you have been demanding from the broker for a long time your money back/withdrawals.

Scammers delay the process endlessly to avoid the chargeback filed by you as their plan is not to repay your funds.

File a chargeback immediately. If you do not know the way we can help and support you in preparing a valid case. Contact Lucenteq by filling out the form here and submit. But remember, the broker should be unaware of it as he will be alert and watchful, and will take preventive steps.

What if you deposited money through bank wire?

If you deposit through bank wire, your challenging techniques will change. Let the provider know your story. In case the banks are not willing to cooperate, let them know that you will go to higher authorities and file a complaint. That will make them think about the chances of a refund.

Prepare an email and forward it to the licensor authorities of your jurisdiction. If you do not know how to draft the email/letter or whom to send contact us and we will be happy to help you.

Help others not to fall victim to Daxiron.

Yet another way to hurt scammers is to post reviews and comments on different-different sites. People will get aware before investing with Daxiron. You can also post comments/reviews on our site.

When these scammers change the company’s name or website, they usually call their old clients they have scammed. If you get phone numbers or email IDs write them down in your comment/review and let the whole world know about them.

The broker remains functional for a certain time and suddenly disappears.  You cannot contact the broker or the website goes down. The broker restarts his operation under a different name and the changed website URL without any notice to prevailing traders.

Daxiron review conclusion.

Writing a review of Daxiron was a challenge. And we hope that many people/investors/traders will be able to save money after reading this review. We hope the review of Daxiron was helpful to you.

Remember, always trade with a regulated and trustworthy broker. Read reviews published on our site. In case you want any advice on the withdrawal process or have any questions/queries do contact us.

Fundspromax.com Website – https://www.fundspromax.com/

Warnings Against Fundspromax.com – Financial Services and Markets Authority (Belgium)

Fundspromax.com Address – Bundespl. 6, 6300 Zug, Switzerland & Spain

Introduction

Fundspromax.com, website claims that they are trusted and secure cryptocurrency exchange. They claim they have the most advanced user interface for making a blockchain platform. They are located at Bundespl 6, 6300, Zug, Switzerland. In the UK they can be contacted by phone at +44 2045 770 768 and in Switzerland at +41 2153 03 142. You can also email them at: support@fundspromax.com and info@fundspromax.com. Or you can drop a message by filling up the form.

Though the company claims to be in Switzerland, the laws governing the company are Spanish laws. The top of the icing is they are regulated by CySEC. On checking the Cyprus register, their name did not come up.

On reading their client agreement, we came to know that they are into forex and CFD trading. Read the complete Fundspromax.com review to know more about the scam broker.

Languages supported

They give services in English, German, French, Russian, Italian, Spanish, Polish, Chinese, and Arabic.

High initial deposit

The company asks for an initial deposit of $1000 which is very high. Most crypto exchanges ask for an initial deposit maximum of $250. Coinbase asks for $2 and Binance asks for a $10 initial deposit.

Services they provide

They claim to have qualified traders. The identity of the trader/investor is kept protected and remains unidentified on records. Traders/investors are safeguarded by a high-level encrypted system that stores the portfolio and profile of investments offline.

Their site claims they offer simple, reliable, and trusted trading solutions through charts, charting tools, trade history, and order books.

Their site claims they provide the best security services and that are well-researched and robust security measures.

For traders, there are advanced tutorials for personal bookkeeping that assists in trading choices and formulating strategies.

Deposits and withdrawal

You can deposit through Mastercard, Visa, Paypal, Maestro card, or bank transfer. Fundspromax offers bonuses. Throughout Europe and Australia, bonuses are banned. Bonus is such a dangling carrot that you cannot withdraw your money. Terms and conditions for bonuses are such that it is not practical for you to withdraw. Even the profit that you have made during trading cannot be withdrawn.

How does the scam work?

On the internet, you will see a promising ad, which gives you insane profits, and all you have to do is pay/deposit a very small minimum amount of money. Next, you are requested to give your email address and phone number. Then you will receive many calls to deposit money. Moreover, the depositing amount will get bigger and bigger as you move further. You will be glad that the amount you are depositing/investing is giving you a good profit. These are manipulation and tricks that are used by scammers. But when you withdraw the money you will face countless reasons why you cannot withdraw money. You will come to know numerous terms and conditions that you did not notice when you signed up. There will be many additional taxes you will have to pay, for withdrawing your money (bonus). At some point or the other, you will feel that something is wrong. At this time your broker will stop communicating with you. If you are still persistent, your account will be blocked.

What to do if you are been scammed?

Lucenteq helps recover your funds. We at Lucenteq provide consulting and investigating services. Lucenteq is hired mainly by scam victims who have been scammed online to get their money back. We are proficient in with dealing online scams. We provide money back to victims through tracking down digital fingerprints, disputes, cyber analysis, and in-depth investigation work. We undercover fake investment companies and brokers.

We are into financial consultation and analysis. We offer investment and binary option advice. We guide and help you to manage your investments in the best way and get a good ROI.

We have nearly 9+ years of experience in online scams. We are a team of 117+ members with a record of accomplishment for nearly 2000+ satisfied and happy clients.

We are fully crystal clear in our work and throughout the entire process.

We update the forex scammers list regularly. Do read to gain better knowledge and avoid scam companies.

For any queries, you can contact us, call us, or email us at 192 N Cities Service Hwy APT 6, Sulphur, LA 70663, +1 601 952 8830, or support@Lucenteq.net respectively. You can also file a quick complaint and send us.

InvestXE Website: InvestXE.com

Address: Saint Vincent and the Grenadines

Warned By: Not Recommended by Lucenteq

Introduction

XE is a famous converter app in the world and InvestEX smartly took over the name and misused it. InvestEX has founded in April 2020 and the broker’s owner is InvestEX LLC. They falsely claim that they are regulated by FSA (Saint Vincent and the Grenadines financial authority). But, the FSA of SVG does not regulate nor grant a license to forex brokers. SVG or the other Caribbean island is notoriously well-known for its lack of strict financial regulation. InvestEX is not in control of any known regulatory authority and is not bounded by law of the land of any other country. Since they are not in control of any regulatory authority they may vanish tomorrow and wreak heavy financial loss. Their phone numbers are +85230186918 (Hong Kong) and +447503003229 (United Kingdom). Their email address is cs@investxe.com. Their website URL is https://investxe.com. In today’s InvestXE review, we will investigate and uncover the red flags they possess.

A disclaimer footnote on their website claims that they do not provide services to the USA and residents of SVG. It seems to be a suspicious thing, that they are not providing broker services to people in the country where they are registered !!! 

When you do an online search on the internet you will be redirected to InvestEX. The operating staff of InvestEX pretends they are working for EX which is a registered firm. InvestEX offers CFD trading on many assets like crypto, forex, shares, commodities, and market indices. Most of the public is re-directed to this site from get-rich-quick trading applications advertised on many cryptocurrency ads. 

Platforms provided by InvestEX

Platforms provided by InvestEX are, WebTrader, AndroidTrader, MarketPRO 1.0, iOSTrader, and TabletTrader. They do not provide popularly known trading platforms like MetaTrader4/MetaTrader5 which is a stable platform used by many legal and illegal brokers and is easy to use.

Though, InvestEX calls itself a crypto broker it also offers precious metals, energy commodities, and soft commodities and serves nearly 170 countries in the world with more than 100,000 clients.

On their website nowhere, they have mentioned their physical address. On the T&C page, they have mentioned they are a Bitcoin trading platform. You can open an account through cryptocurrency only. Crypto payment cannot be reversed hence it is the choice of scammers worldwide. Scammers do not prefer card payments. If the payment was through a card, you can file a chargeback within 540 days if you have any problem. Their initial deposit is also too high, compared to market standards.

Accounts on offer by InvestEX

The types of accounts available are Primary accounts consisting of Standard, Progression, and Advanced. It requires the lowest minimum deposit and is for inexperienced traders. Professional accounts are Gold, and Platinum which starts from 75,000 USD in bitcoin equivalent. There is an AutoEX account that is meant to be used by the trading robot. There is no demo account. If you are keen in trading with this broker, you will have to open a real account. The inactivity fee is costly and is nearly $50 per month. In case you are not active for a long duration, you will lose your balance quickly.

Automatic trading

You may also opt for automatic trading on this app. There is nothing like automatic trading. The brokers will push you only to deposit money. The trading software offers only web-based trading and is developed by the broker himself. Prices are manipulated by the broker. The leverage is 1:300 which is also not approved by any known regulators. For crypto pair, the leverage approved is 1:2

We are there to help you

If you have been scammed by InvestEX, we help you recover your funds. We use prominent methods to fund recovery for these types of scams. With all the scams, frauds, and deceptions present/flowing on the internet, you must be alert and smart before investing your hard-earned money. We are formed to protect people all over the globe against online scams. Especially binary options, crypto, and forex ones.

Do contact us for chargeback by filling up the form and for a free consultation at https://lucenteq.net/. You can contact us at 192 N Cities Service Hwy APT 6, Sulphur, LA 70663, or call us at +1 601 952 8830, or email us at support@Lucenteq.net.  Be it cryptocurrency scam, forex scam, or any other type of scam.

Malexenterprise Website: https://malexenterprise.com/

Address: Location: Keilaranta 8, 02150 Espoo, Finland

Warned By: Not Recommended by Lucenteq

Malexenterprise Review: Introduction

Malex Enterprises are into cryptocurrency trading and forex trading. Their trading team is made up of analytical experts and highly qualified analysts. These experts use the latest software and are experienced and can predict the cryptocurrency market and movements in forex exchanges. It is another High yield investment (HYIP) program.

The HYIP is a fraudulent investment scheme that promises to deliver high returns with little or no risk and is mostly a scam. HYIP is mostly in cryptocurrencies. HYIPs are mostly unregistered ones and are run by unlicensed companies or firms. The present/current status is new. The domain was created on 28 June 2021. In today’s Malexenterprise review, we will investigate and uncover the red flags they possess.

The website claims that they are in the financial market for a long time. Malex Enterprises have occupied and achieved a stable position and have won the confidence of many investors/traders around the world. They aim to deliver professional service and complete in every sense.

They claim to be registered in Denmark. However, they are giving the address of Finland, Keilaranta 8, 02150 Espoo, Finland. Their email address is admin@malexenterprise.com. They are displaying ISO 9001:200 certification of registration issued by Moody International for a closing device for water drains and wells on road surfaces and pedestrian zones. The certificate on display was issued on 20 Dec. 2016, was way before they were formed.

Its website authoritative rank is 42.1that means this site is controversial, questionable, and flagged. Alexa rank is zero, which means no traffic.

Malexenterprise Review: Plans

They have two plans to choose from, the Investment plan and the mining plan.

Investment plans are of three types

1. Starter (basic solution) – 10% daily for 3 days, the minimum amount is $100 and the maximum amount is $999.
2. Professional (advance solution) – 10% daily for 5 days, the minimum amount is $1,000 and the maximum amount is $4,999.
3. Enterprise (business solution) – 10% daily for 10 days, the minimum amount is $5,000 and the maximum amount is unlimited.

For all the above plans referral bonus is 10%

Mining plans are of two types

1. Basic plan – 2.5% daily profit for a week, the minimum amount is $10,000 and the maximum amount is $49,999.
2. Standard plan – 5% daily profit for 2 weeks, the minimum amount is $50,000 and the maximum amount is unlimited.

For both, the above plan’s referral bonus is 15%.

For any deposits or withdrawals, only crypto currency is used. One has options like Litecoin, Bitcoin, Bitcoin Cash, and Ethereum.

 Cryptocurrencies you can deal with

One can deal in any crypto currencies like Ethereum, Bitcoin, Tether, USD Coin, Binance Coin, Cardano, Ripple, Solana, Dogecoin, HitChain, HEX, Polkadot, Wrapped Bitcoin, Tron, Avalanche, Dai, Litecoin, Polygon, Uniswap, Steller, Monero, Bitcoin Cash, Alrogrand, Cosmos, Tezos, Filecoin, and many more.

Testimonials are not updated, nor are investor reviews displayed on the site. On their site, one can calculate the profit returns on ROI.

To make any investment with Malex Enterprise, one has to become a member first. One receives the user name and a password once you sign up.

Malexenterprise Review: Why not deal with Malex Enterprises?

• They are not transparent. Information about owners, directors, or key management personnel is not given anywhere on the site.
• The address mentioned on site is Finland but they claim they are registered with Denmark.
• There is no information on registration mentioned on their site.
• No contact number is also mentioned on site.
• Accepts deposits only through cryptocurrency where transactions are irreversible.
• The website is developed in a disorganized, unsystematic, and careless way with many grammar and spelling mistakes.
• They talk about only crypto trading returns and nothing of forex markets.
• Unrealistic returns/gains/profit.
• Alexa score is zero. WHOIS data is hidden. It has a low domain validation certificate.
• There is no chargeback facility as there is no central authority and the flow of funds is not controlled.

Malexenterprise Review Conclusion: We are there to help you

We try to identify the company/individual who is using the wallet. It is a tricky and long process and we have a team for it. We are there to recover your funds. Do fill up the free consultation form.

Visit Lucenteq’s Facebook page

Visit Lucenteq’s Twitter account

Visit Lucenteq’s Tumbler profile.

SoltechX Website: soltechx.com

Address: First Floor, Saint Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines

Warned By: Not Recommended by Lucenteq

Introduction

The site SoltechX is operated by Max LLC. Max LLC is owned by BudsFX. Max LLC is a brand which is blacklisted by FINMA (Swiss) and FCA (UK) and later on vanished. SoltechX an extension of BudsFX is following the same scheme pattern. The address of Max LLC is 1st floor, James Street, St Vincent Bank Ltd Building, Kingstown, Saint Vincent, and the Grenadines (SVG). There are countless firms registered at this address. This island (SVG) is a favorite destination for all scammers because there is no forex regulation. In today’s SoltechX review, we will investigate and uncover the red flags they possess.

This broker may have a license from SVG to avoid problems that may crop up in the future and create an illusion of a safe trading environment. This license from SVG is like having NO license at all. Most of the scam sites originate from SVG and Marshall Islands. Though SVG has a financial regulator FSA has declared that it cannot regulate forex and binary options trading. Thereby you are dealing with a scam offshore company.

About SoltechX

The company claims itself as a respected and dedicated CDF provider. With them, the trader gains access to various financial markets. It is always better to choose brokerage firms that are licensed by known regulators like FCA, ASIC, BaFin, FINMA, etc. Those licensed have to abide by many laws and follow strict protocols.

Trading instruments and markets

One can trade in commodities, cryptocurrencies, forex, stocks, and indices.

In cryptocurrencies, one can learn about portfolio creation, trading tactics, holding, and investment security. One can trade Litecoin, Bitcoin Cash, Ripple, Ethereum, and Bitcoin.

In stocks, one can learn about stocks portfolio, trading essentials, market research, trading plan development, and trading diversity. Through this platform, one can trade in Amazon, Paypal, Microsoft, Visa, Netflix, Aurora, etc.

In indices, one can trade in major indices. One can learn big picture analysis, risk assessment, investment planning, and in-depth research. One can trade NSDQ, NIKKEI, DAX, DOW, SP500 etc.

In forex trading, one can learn market analysis, advanced trading strategies, terms, orders, and all major and minor currencies pair. One can trade in EURGBP, EURUSD, USDCAD, USDCHF, USDJPY, etc.

In commodities, one can learn futures contracts, soft/hard commodity segregation, and long-term trading. One can trade in Aluminium, Crude, Silver, Gold, Cotton, Cocoa, etc.

Accounts types

One can choose from various account types. These accounts are suitable for newbie, intermediate, and expert traders. Account types available are Bronze, Gold, Platinum, and Diamond. Accounts differ in the level of assistance and trading assets.

Trading software

The company uses Sirix, a white-label platform. Notorious company Leverate provides it. Leverate is based in Cyprus and is renting out software to other brands and liquidity providers. Leverate does not choose who works on its software.

Why not invest with SoltechX?

• Any well-known regulating authority does not regulate it.
• It operates from an offshore country (SVG).
• Leverage is not mentioned on the website. From reliable sources we learned that they provide 1:200 leverage which is very risky and exposes the funds to 4-5 times higher risk. Usually, leverage should be between 1:30 to 1:50.
• Conditions mentioned in terms and conditions are such that it makes withdrawal of funds nearly impossible.

Scammed by SoltechX?

If you are a victim of SoltechX please let us know. Our fund recovery team has experience dealing with these kinds of scam brokers. We are investigative and consulting service providers. We are mostly hired by online scam victims to get their money back. We can provide repayment to the victims through tracking down digital fingerprints, disputes, cyber analysis, and systematic investigation work. We are more focused on scam binary options and unregulated forex brokers. We specialize in scam/fraud recovery relating to credit card payments, wire transfers, cryptocurrency transactions, and online accounts.

You can contact us at 192 N Cities Service Hwy APT 6, Sulphur, LA 70663. Alternatively, you can call us at +1 601 952 8830. You can also communicate with us by email: support@Lucenteq.net. You can also file a quick complaint at our site.

Indigo Capitals Website: indigocapitals.com

Address: St. Vincent and the Grenadines

Warned By: National Securities Market Commission (Spain)

Introduction to Indigo Capitals Review

At the first glance, Indigo Capitals seems like any other regulated brokerage firm with a well-made website and promises that match the other legitimate brokerage firms. However, a second glance at the website and a close read of the terms and conditions were enough for us to identify the secrets Indigo Capitals beholds behind their deceiving website. One of the common tricks of the scammers is to be an identical clone of a regulated firm or to copy the firm’s outlook and claim it as theirs. To protect our dedicated readers from such brutal scams, we are here with one scam broker review every day. In today’s Indigo Capitals review, we will investigate and uncover the red flags they possess.

About Indigo Capitals

Is Indigo Capitals a regulated brokerage firm?

Indigo Capitals claims to be the brainchild of another company the name of Omegaistic LLC. Furthermore, Indigo Capitals claims to be based out of the United Kingdoms since 2020. For a brokerage firm to be based and operating out of the United Kingdom, a license from the Financial Conduct Authority is necessary. Upon searching for a license under Indigo Capitals and Omegaistic LLC, we were unable to find any. Hence, it is confirmed that Indigo Capitals is an UNREGULATED firm.

Have Indigo Capitals been blacklisted by any regulation?

The Spanish financial regulator, CNMV has also issued a warning against Indigo Capitals stating the company to be unauthorized and a potential scam. This gives us a red flag against the Indigo Capitals scam in this Indigo Capitals Review.

What trading conditions do Indigo Capitals provide?

This is where Indigo Capitals started showing its true colors. Upon visiting their website, we were unable to access the vital information unless making an account. Even after making the account, Indigo Capitals didn’t show their trading conditions and trading platform without verifying the account. Even though verification of the account is a common measure taken by almost all the companies in the trade industry, verification, in this case, will prove to be risky for the customers as it can be used against them in the future.

What is the leverage offered by Indigo Capitals?

Indigo Capitals doesn’t reveal any of their trading conditions until the verification of the account is done. However, from the promises and offers given on their website, we found out that Indigo Capitals offers leverage up to 1:400 which is much higher than what the regulated brokerage firms offer. One must never accept such high leverage as it can lead to the trader losing their money.

Conclusion: Is Indigo Capitals a scam or legit?

We leave it upon you to decide whether Indigo Capitals is a scam or a legitimate brokerage firm. However, given that Indigo Capitals has already been blacklisted by a regulation authority, it is not safe to trade with them. If you have been scammed by Indigo Capitals or any other brokerage firm, file a complaint with us and we will help you out by giving solutions for fund recovery.

Bitaroma Website: bitaroma.net

Address: Saint Vincent and the Grenadines

Warned By: Commissione Nazionale per le Società e la Borsa (Italy)

Introduction to Bitaroma Review:

The trade industry is a thriving market. To be able to survive in the market and keep your name in one of the bests is no easy task. This is the reason why brokerage firms engage in such a competition to be the number one. However, amidst the regulated brokerage firms, many unregulated scam brokers also enter the market to trap the potential traders in their brutal scams. These are the brokers you should avoid. Such scammers enter the market secretively and lure innocent traders to waste all their money by investing with them. Bitaroma is one such broker that we received a lot of complaints about. In this Bitaroma review, we will be presenting all the red flags that we found during our investigation of Bitaroma. Read the full Bitaroma Review to know more.

About Bitaroma

Is Bitaroma a regulated brokerage firm?

Although Bitaroma claims to be a regulated brokerage firm on their website, a little investigation into the legitimacy of this firm cleared all our doubts. Bitaroma is UNREGULATED and is clearly lying to mislead the public and potential customers. This is a major red flag against the Bitaroma scam in this Bitaroma review.

Is Bitaroma blacklisted by any regulation?

The Italian Regulation, CONSOB has issued a warning against Bitaroma stating it to be a potential scam and an unauthorized firm. The regulation warns its citizens to avoid trading or investing money with Bitaroma as it is not safe. Being blacklisted by regulation is another major red flag against the Bitaroma scam in this Bitaroma review.

What is the leverage provided by Bitaroma?

Regulated brokerage firms always provide small leverage as high leverage may induce unnecessary risk on the customers. In many countries, the limit set on the leverage that can be provided is sealed at 1:30 and 1:50. Scam brokers often provide very high leverages to lure in customers. In Bitaroma’s case, upon searching on their website, we found that Bitaroma does not reveal vital information such as leverage, spreads, etc. to their customers. In order to check these, we need to register ourselves with their firm.

Conclusion: Is Bitaroma a scam broker or a legitimate one?

After all the red flags are given above, we leave it upon you to decide whether Bitaroma is a scam broker or a legitimate broker. However, we must warn you to stay away from this potential scam broker.

How to Protect yourself from such scams?

Even though the trade market is an excellent opportunity to earn more, the scammers in the market make it difficult for the traders to invest and earn profits. One way to avoid scammers is to read our scam broker reviews daily. If you have been scammed by Bitaroma or any other scam broker, file a complaint with us and we will help you recover your funds ASAP. For more such interesting scam broker reviews, visit our website. Read our latest review on Etoro SB Limited scam, to know the variety of red flags they pose.

Etoro SB Limited Website: www.etorosb.com

Address: N/A

Warned By: Financial Conduct Authority (United Kingdom)

Introduction to Etoro SB Limited Review:

The trade market is a great opportunity for potential traders to explore and earn profits on the side with a little bit of hustle. Once you have the right firm beside you, trading will be made easy. However, the trade market is like a bed full of roses. It’s not all petals, but thorns too. Due to the huge profits generated by the trade industry, scammers find all the loopholes possible to enter the industry. Despite the strict measures taken by the governments to keep the scam brokers out of the industry, hundreds of innocent traders end up getting scammed and losing all of their money to these scam brokers. To help you avoid these scam brokers, we are here with yet another scam broker review. Etoro SB Limited claims to be one of the best in the market but further investigation proved that it’s not what it claims to be. Read the full Etoro SB Limited review to know more about Etoro SB Limited. For more such reviews, visit our website at Lucenteq.

About Etoro SB Limited:

Although, at first, Etoro SB Limited seemed like a genuine website. After further investigation, all the red flags unfolded in front of us. Read on to know more about the red flags hoisted by Etoro SB Limited.

Is Etoro SB Limited regulated by any of the regulators?

Etoro SB Limited cleverly attempts to fool all the traders by claiming to be regulated by some of the most reputed regulators that operate around the world. IT also puts up license numbers on the website which is deceiving as when we checked with the regulations, the licenses did belong to eToro. However, a loophole here is that Etoro SB Limited is an exact clone firm of a regulated company that goes by the same name.  Etoro SB Limited has stolen all the license numbers of the original and regulated company and claimed it as their own.

Is Etoro SB Limited blacklisted?

The Financial Conduct Authority or the FCA of the UK (United Kingdom) has issued a warning against Etoro SB Limited claiming it to be a clone firm of an FCA authorized brokerage firm. The FCA further asks its citizens to be extremely cautious and away from Etoro SB Limited as it might be a scam.

Conclusion: Is Etoro SB Limited a scam?

We leave it upon you to decide whether you want to trade with Etoro SB Limited or not. However, we must warn you that Etoro SB Limited is a potential scam and it is not safe to trade with Etoro SB Limited.

How to protect yourself from such scams?

The trade industry is a risky place. To function in this industry, one must be cautious of their surroundings and the brokerage firms that they are dealing with. One way to avoid the scams is to read our scam broker reviews regularly so that you can identify one too. If you have been scammed by Etoro SB Limited scam or any such scam broker, file a complaint here and we will help you out.

Kapital Trade Website: https://kapital-trade.com/

Address: 134 Lots Rd 7th floor, SW10 0RJ, London, United Kingdom

Warned By: Comisión Nacional del Mercado de Valores (Spain)

Introduction to Kapital Trade Review

If you have been trading in the industry for some time, we are sure you might have heard of scam brokers. Scam brokers enter the market stealthily and attempt to trap innocent victims in their deadly scams. With the promises of guaranteed profits and instant returns, they catch hold of their victims and make them deposit as much money as they can. Once the victim deposits all the cash, the scammer goes MIA (missing in action) without leaving any trace of its whereabouts or the company’s existence. This has happened and is happening to many innocent traders around the world. We, at Lucenteq, are working towards putting an end to this. By publishing scam brokers every day we are not only enabling our readers in protecting themselves from these brutal scams but we are also helping them in identifying the red flags posed by the scammers. Read the full Kapital Trade review to know more about it.

About Kapital Trade

Is Kapital Trade regulated?

Upon visiting their website, we realized that Kapital Trade has claimed to be located in London. To operate as a legitimate brokerage firm in the United Kingdom, the firm must have a license from the Financial Conduct Authority. Upon checking with the FCA, it was made clear to us that Kapital Trade does not have a license from the FCA. Therefore, it is clear that Kapital Trade is unregulated and is possibly lying about its location as well.

Is Kapital Trade blacklisted?

As it is clear that Kapital Trade is unregulated, we started checking with other regulations for any warnings issued or blacklisted. It was found that the Spanish National Securities Council, commonly known as the CNMV, has issued a warning against Kapital Trade and stated that the company is unregulated. It further warns its public to be cautious and avoid dealing with Kapital Trade. This is a huge red flag against the Kapital Trade scam in this Kapital Trade review.

What is the leverage provided by Kapital Trade?

By now, we are sure that Kapital Trade is hiding something. TO confirm our suspicions, Kapital Trade provides leverage of 1:500 to its clients. One must know that due to the risk associated with high leverages, many countries have set the limit of offering leverages at 1:30 and 1:50. In such a situation, Kapital Trade offering such high leverage clearly indicates that Kapital Trade wants its customers to lose.

What are the trading conditions at Kapital Trade?

Kapital Trade does not disclose its trading conditions to the general public. If we need to look at them, we must register ourselves. This is yet another red flag as basic information must be made public for everyone to see and assess.

Conclusion: Is Kapital Trade a scam broker or a legitimate one?

After going through all the red flags hoisted above, we leave it to you to decide whether Kapital Trade is a scam broker or not. We must warn you to beware of the illegal practices of Kapital Trade before putting in your money. If you have been scammed by Kapital Trade, file a complaint and we will help you.