GinebraFX is another platform that tries to redo another scam days after exposing the very same scam. Ginebra FX is a platform that claims to hold a Switzerland address which is an unfounded claim.
These are scam artists who will do or say anything to try and steal your money. By devising ways to purport a trading platform, it’s their meal ticket once you deposit. We have to expose them for the sake of new investors. Continue reading this thorough GINEBRAFX Review for more.
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We immediately noticed that the website had a similar design as Arbitplus360.com. There’s already a review out on the former whose website looks similar to Ginebra FX. It seems that these two are related or owned by the same scam outfit.
Our job is to expose all scams that try to steal from naïve investors. GinebraFX is no different as they use almost similar tactics as Arbitplus 360.
What is different with this website is the image of Roger Federer, the pro tennis player. It seems that the platform is using his image to try and penetrate the European market. We are sure that Roger Federer does not know that his image is used in an online trading scam.
If the tennis star has endorsed the platform, we would all know about it. These are the scam tactics used in get-rich-quick schemes. And this is one of those traps that you must avoid at all costs.
There’s no information on who actually owns and runs this website. The disclaimer at the footer of the homepage suggests that this is a large group. It’s what scam artists would use to try and feign a large organization.
Most investors will easily fall for a large group as opposed to a small company. With the broker claiming to reside in Switzerland, they sell a scenario of a profitable and wealthy trading platform.
We did receive an email from one of the few victims who lost funds with the platform. Anna saw the broker’s ad and decided to invest 6,000 Euros. Little did she know that immediately after depositing, the broker would shut her out.
Anna has been trying in vain to reach out to the broker for weeks. There has been no communication from the broker, and she can’t get access to her account. When she tries login in, she gets a message that the email is not on the registered list.
Thanks to an online website tool checker, we can determine the background and history of any website. Details show that the website is barely two months old as of publishing this post. The exact date is January 16, 2021.
Other victims have lost a substantial amount and have lodged complaints to authorities. These complaints have reached out to regulators in the region, and action has been taken.
GinebraFX is not posting any information on the available account types. According to Anna, she was given the option of depositing into three special plans. The standard plan has a minimum deposit of 5,000 Euros with a profit guarantee of 89 percent.
Any broker who comes up with a profit guarantee that is above 90 percent is likely a fraud. Only a few brokers with exceptional tools can reach this fete. These are scam artists who have no experience delivering such high-profit margins.
The fact that the broker is offering binary options is another indicator that they are a fraud. Binary options trading has been banned in most jurisdictions, including Europe. It’s another red flag or mistakes these scam artists made. You should stay away from these fraudsters and avoid any interaction.
These fraudsters will only respond to new clients who seem an easy target. Once you send them an email requesting details of their depository options, they will immediately respond. For those who have already made contact, the broker has your contact.
Anna won’t get any response as they already know she has fallen victim to their trap. It’s best to ascertain a broker’s availability before signing up with them.
There’s a demo account available once you sign up. The demo account is also a stage-managed feature meant to fool naïve investors. You will likely make 95 percent successful trades with the demo account.
Beta on the demo account allows users to get a profitable outcome two out of three times. It’s a scheme to entice investors into believing they can make real money once they sign up.
There are several payment options available on the platform. Some of the payment options include Bank transfer, Bitcoin, MasterCard, Neteller, Payeer, Skrill, and more. All these payment options are made available so that anyone in the globe can deposit with them.
The problem is withdrawing funds with this platform. During the entire two months, the platform has been active, and no one has made any withdrawals. Thanks to Anna’s case, we believe the broker will not allow anyone to do so.
GinebraFX is a broker that is already facing warnings from two regulators. The CMVM and FINMA have issued a warning in regards to signing up with the broker. These warnings offer a glimpse of hope to other investors.
Before signing up, those that Google compliance with the broker will see the warnings. Claims by the broker that the Financial Market Authority regulates them are false.
Scam artists will do or say anything to try and make their platforms look legit. The broker is using the FMA as their regulator. Another red flag is that the broker fails to show any legal documents to members.
A real broker will post copies or link to their license details. We should have a link to the FMA’s license. The website lacks any integrity to support the claim that the broker is compliant.
GinebraFX is a scam that is waiting to pounce on any investor who signs up. The review is meant to open your eyes and avoid signing up. With the broker already facing two warnings, we believe they will eventually give up.
Once they do so, the website will shut down, and anyone who has a balance should forget it. Since they don’t have a license, members should not expect any compensation.
To protect naïve investors, we have to blacklist this broker. We won’t recommend a broker who uses the same scam tactics as others in the recent past. The best way is to ignore them and ensure they don’t steal from any investor. Stay away from this platform.
Make the right decision and sign up with credible brokers with a proven track record. Your safety is a guarantee with these top-notch experts.
We wish everyone a safe and lucrative trading experience.
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