Category: Forex Scams

VastWealth presents itself as a genuine investment company. However, there is more than what meets the eye of the broker. You don't need any financial literacy to see these red flags. The first thing we noticed is the entity is operating anonymously. They claim to be under Vallencio LLC. This ghost venture cannot be found...

According to FCA, over €30 million has been lost to forex and crypto investment scams. The shocking statistics reveal this is an ever-present threat that traders must be wary of when venturing into this investment space. The statistics also beg the question; why are so many investors losing money to these scammers? Are regulators doing...

Social media and trading forums would lead you to believe that online trading is purely lucrative. It is profitable, yes, but there is a side that they rarely address; 95% of all traders fail. Also, shortfalls, like online trading being subject to market anomalies and taking a toll on traders’ psychological well-being, are not acknowledged,...

Universal Forex Trade is another company to look out for when investing online. Once you open an account, the venture claims you get five risk-free trades. Before starting your trading journey, you should know the market is volatile. The prices keep changing, and you cannot determine the outcome.  The company deals with commodities, stocks, metals,...

You do not need financial knowledge to read between the lines and see Vitalcapitals LLC is untrustworthy. The company tried extremely hard to remain relevant. They have a spiced-up marketing strategy. The broker promises financial freedom to clients. However, if you double-check their sentiment, you will realize the venture is not offering financial services.  Further,...

In search of a broker who is a trusted trading partner? Look no further; GMAPros, an award-winning broker, got you! If this is a trusted broker, you are set to go because, why not? Well, we will tell you why. Most investment fraud victims admit they blindly trusted a broker because it gave them no...

As soon as you visit the broker's website, it becomes clear that Clair Capital is not the ideal choice for trading. It claims to be accessible and straightforward. You may use their “highly advanced” trading platform to access global markets from anywhere. It provides several trading options to accommodate different preferences and approaches. However, these...

ABN Markets is an online trade platform that has been in the market for years. However, it claims to have found its place as a reliable outstanding platform. Also, it claims to provide a friendly interface suitable for all traders. Also, its existence since 2020 needs more time to claim to be the best broker...

ZIXFX is an online trade platform that promises good things for its customers by providing safe and secure trading. Also, you can access its services across the globe. However, scammers promise the best investment returns without a reasonable approach. A methodology for trading will more likely attract reasonable profits on your funds. Meanwhile, these forex...

Exclusive Trade FX is an online platform that grants access to various financial markets. You can customize trade platforms to suit your preferences. The investment firm brags about winning several awards, such as best for executions and best broker. However, the awards it claims are nonexistent, and you cannot verify the same.  Accordingly, you may...