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Scam Alert Videos

The Downfall of Celsius Network: A Tale of Market Manipulation and Mismanagement in Crypto

2024-03-07
4:36

The Downfall of Celsius Network: A Tale of Market Manipulation and Mismanagement in Crypto

2024-03-07
3:56

SafeMoon's Turbulent Journey: From Crypto Sensation to Legal Turmoil and Bankruptcy

2024-03-05
6:09

Binance's Legal Woes: A Tale of Compliance Failure and a Record-Breaking Settlement

2024-02-01
4:36

FTX Saga: From Cryptocurrency Trailblazer to Bankruptcy and the Birth of a New Trading Market

2024-01-25
2:55

FBI Alerts Crypto Victims as Scammers Impersonate Venture Capital Executives on Telegram

2024-01-23
2:50

Scam Alert: FCA Warned Broker Fivoro Is Not a Good Choice for Investors

2024-01-11
3:40

Unregulated: Customer Posts Lengthy Review Accusing MatrixInvest of Being a Scam

2024-01-09
2:33

GlobalPro Investments/MBC Investment: Beware of Unsolicited Group Chats in Chat Apps

2023-12-28
2:24

eToro Clone Entity Warned by UK Regulator FCA

2023-12-26
2:32

Unraveling the Deceptive Web of FXBulls: A Notorious Scam Broker

2023-12-04
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Q&A

Latest Hottest
When can I have my money back after submitting my withdrawal request to TrothFX?
ericastro
Australia
2024-04-26
ANSWER If you are contemplating using TrothFX as your broker, we strongly advise against it. TrothFX is not a legitimate trading platform.The forex brand purports to be operated by the TrothFX Group and claims to be regulated by several major financial regulators. To lend credibility to their claims, TrothFX provides specific details about its supposed licenses. However, our checks with the relevant financial watchdogs tell a different story. There are no records from these authorities to back up its regulatory claims. The broker's links attached to the licensing data merely redirect traders to TrothFX's homepage, not to the pages of the relevant financial regulators.Among the financial authorities that TrothFX cites is the Seychelles Financial Services Authority (Seychelles FSA). To set the record straight, the Seychelles FSA has issued a warning against TrothFX, refuting its claims of authorization.Therefore, TrothFX is fraudulent. Individuals who deal with this deceptive broker are at risk of fraud and identity theft. To mitigate such risks, investors are advised to choose fully regulated brokers over unregulated ones like TrothFX.
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Paramount Growth has license right???
DonnaParker
Denmark
2024-04-26
ANSWER No, it appears that Paramount Growth does not possess the necessary license.While it claims to be registered with the Companies House (CH), the broker has failed to secure the requisite authorization from the Financial Conduct Authority (FCA). It's important to understand that mere registration with the CH does not imply authorization from the FCA. In the UK, nearly all individuals and firms offering financial services are required to obtain authorization from the FCA. Due to its non-compliance and the significant risks it poses, the FCA has issued a warning against Paramount Growth, advising investors to steer clear of this unauthorized firm.Consequently, investors are advised to avoid Paramount Growth to prevent falling prey to potential scams. For a safer trading environment, it is recommended to opt for fully regulated brokers.
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Does Richeink charge transaction fees?
chen debin
Canada
2024-04-26
ANSWER Regardless of how appealing their trading conditions may appear, we strongly advise investors to steer clear of Richeink, an unlicensed broker.The broker fails to provide regulatory details and company information for investors to verify, suggesting potential non-compliance. Despite its claims of having separate offices in the UK, Switzerland, and Canada, our checks with relevant financial regulators indicate that it hasn't registered with any authorities in these countries. Moreover, the British Columbia Securities Commission (BCSC) has issued a warning about Richeink, alerting the public to the substantial risks it poses.Therefore, investors should avoid Richeink to prevent falling victim to potential fraud and identity theft. It is wise to opt for fully regulated brokers.
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Do MIB40FX have islamic account?
Bamidele Oluwatoyin
Greece
2024-04-25
ANSWER We strongly advise against using MIB40FX, an unregulated broker.MIB40FX's claims of being licensed by the Cyprus Securities and Exchange Commission (CySEC) are baseless, as there are no corresponding records from the CySEC to substantiate such claims. Furthermore, the Commissione Nazionale per le Società e la Borsa (CONSOB) has added websites associated with MIB40FX to its warning list and ordered them to cease operations due to their fraudulent nature.Consequently, MIB40FX presents substantial risks of fraud and identity theft. Investors dealing with this unlicensed broker are at significant risk due to the lack of regulatory protections. It is prudent to avoid unlicensed brokers like MIB40FX and instead opt for fully regulated ones.
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Hengchang is a fraudulent broker, hedging and locking positions and then having to pay taxes
Jay
2024-04-25

Amount --

Processing
CONTENT When I first started losing money, I didn't withdraw it. When I wanted to withdraw it, I was told that I had made a reservation for spread business and that I had to wait until the cancellation was made the next working day before I could withdraw it. Then a so-called kind-hearted trader appeared to help me with the operation, and the amount doubled that night, and then my position was locked due to improper operation. On Monday, the account manager told me that I had to pay a total of 30 lots of margin for short and long orders before I could withdraw money to close the position. I paid 94,000, and I said that I had no money to cover it, and then this so-called The kind-hearted brother paid it for me. I wanted to withdraw cash. He told me that I had to pay a tax of 9,700 before I could withdraw cash. I don’t want my principal anymore. You must not believe HengChang. He has no financial supervision license at all. He is just a pig-butchering scam. 
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    Risk Warning:

    FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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    The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.