Are you planning to make investments? Are you considering one of these sites: Shakepay App, Elland Road Capital, Miaxam, and Weexxds? You must proceed with caution because these sites may not be reliable in all cases. Concerns have been raised about them because of red flags such as being unregulated, receiving complaints from victims, or even non-existing companies. Before doing any financial transactions with these platforms, it is crucial to do extensive study and investigation. Let’s get to know them better, shall we?
Shakepay App
Shakepay.app is a digital currency exchange platform based in Montreal, Canada. It was founded in 2015 with the goal of making it easier for people to buy and sell digital cryptocurrencies like Bitcoin and Ethereum, with the aim of ushering in the “Bitcoin Golden Age.” The platform claims to have purchased and sold over $7 billion in digital currency and has served over a million Canadians.
One of the major selling points of Shakepay is its commission-free and lightning-fast transactions, allowing you to own your first bitcoin in as little as 10 minutes. Additionally, the platform is secure and trustworthy, as bitcoins are kept safely offline, giving you control over your money and peace of mind.
However, some customers have reported poor experiences with Shakepay’s customer service. They have complained that it is difficult to reach anyone and that their accounts were closed without a reason. Some customers also reported issues with their funds being held and not being able to talk to anyone to resolve the issue.
Additionally, there are some complaints about Shakepay’s account suspension policy. Some users have reported that their account was suspended for not using the platform in a way that Shakepay wanted them to trade. This raises concerns about the platform’s flexibility and its willingness to accommodate its customers’ trading strategies.
One of the main concerns that customers have raised is that Shakepay is not very transparent when it comes to its account closure policies. Many users have reported that their accounts were closed without warning or explanation and that they were not able to get in touch with anyone at the company to find out why.
Another issue that customers have raised is that Shakepay’s customer service is not very helpful. Some users have reported that they were unable to get in touch with anyone at the company and that they were not able to get answers to their questions.
In the end, even though Shakepay has its selling points like commission-free and fast transactions, it also has a number of customer service and account management issues that need to be addressed. These issues may cause some customers to look for alternative platforms, which may not be as flexible or accommodating.
Elland Road Capital
Elland Road Capital is a CFD trading broker that aims to provide traders of all skill levels and backgrounds with the best possible trading experience. The broker offers a wide range of asset classes, including Forex, Stocks, Indices, Commodities, Cryptocurrency Futures, and more. They pride themselves on providing traders with narrow spreads, consistent execution speeds, and no hidden costs.
Elland Road Capital is a registered investment company in South Africa and is regulated by the Financial Sector Conduct Authority (FSCA). This means that the company must comply with specific regulations to ensure that they are acting in an honest and transparent way. This is a positive aspect of the broker, as it shows that they are committed to providing a fair and trustworthy service.
However, it should be noted that the company may exceed the business scope regulated by the South Africa FSCA. Additionally, there have been complaints about the company, such as difficulty in getting in touch with the manager and issues with withdrawing money. Some traders also reported that they were cheated out of a large sum of money and had difficulty getting their money back.
In light of these complaints, it’s important for potential traders to thoroughly research a company before investing and be aware of the risks involved. This includes looking into the company’s regulations and any reported complaints or issues. It’s also important to understand the nature of CFD trading, which can be a high-risk investment, and to have a clear understanding of the potential risks and rewards.
It’s also important to have realistic expectations when it comes to trading and to not be swayed by promises of easy profits or unrealistic returns. Trading is a complex and dynamic field and requires knowledge, skill, and discipline to be successful. While Elland Road Capital may offer a range of assets to trade, traders should not be swayed by promises of easy profits or unrealistic returns. It’s important to have realistic expectations and to understand that the markets can be volatile.
Overall, Elland Road Capital is a CFD trading broker that is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa and offers a wide range of asset classes. However, there have been complaints regarding the company’s customer service and issues with withdrawing money. It’s important to thoroughly research a company before investing and be aware of the risks involved.
Miaxam
There have been concerns raised about Miaxam, an offshore forex broker, among traders and specialists. Little is known about the company, its CEO, or its employees despite the fact that it promises access to the international currency market. This lack of disclosure is very worrying since it casts doubt on the broker’s honesty and integrity.
Miaxam’s lack of regulatory monitoring is a major cause for concern. The broker’s clients are at greater danger because it is not subject to the same regulations as regulated organizations. There is no assurance the broker will act ethically or lawfully in the absence of such oversight. Without any kind of regulation in place, investors who feel they have been cheated or deceived by the company have no legal protections.
The lack of a success story or satisfied customers is also a red indicator. A reliable broker will have a history of successful transactions and happy customers. Miaxam’s failure to provide this data raises concerns about the company’s reliability.
More red flags include a lack of contact information for Miaxam’s CEO and the absence of any information regarding the company’s history or operations. Traders cannot know who they are working with or what to expect from the company due to the lack of accountability and transparency.
As a result, businesspeople should exercise extreme caution before engaging with Miaxam. There are red flags, like a lack of oversight, secrecy, and documented success, that suggest you should proceed with caution. Before entrusting their hard-earned money to any broker like Miaxam, traders should perform extensive research on that broker. To be safe than sorry applies in all situations.
Weexxds
Weexxds is an offshore trading broker that has been giving many naïve investors reason to be concerned about their financial security. It used to be accessible, but since then it has been inaccessible, leaving in its wake a path of victims who have been taken advantage of by the company’s deceptive business tactics. Many people are under the impression that the company is nothing more than a fraud because it does not have any laws or permits and because it operates in such a covert manner.
It has been reported that victims have experienced a wide variety of problems, ranging from fraudulent trading activities to being unable to withdraw their monies. There is no way for many people to get their money back after it was stolen from them. The fact that the organization has not been backed by any well-known traders adds fuel to the fire about the possibility that it is not a legitimate business.
The fact that there is no publicly available information on the company, its chief executive officer, or its employees contributes nothing but to deepen the mystery and trigger additional alarm bells. There is not a single happy story connected to Weexxds; rather, all of the stories revolve around betrayal and disappointment.
It is essential to be aware of the fact that a business that operates overseas and is not regulated has a greater chance of being a scam. They frequently employ this strategy as a means of evading regulation and monitoring, making it more difficult for victims to pursue legal redress.
Generally speaking, Weexxds is not a business that is deserving of your confidence or investment money. Steer clear of it, and exercise extreme caution if you come across any other companies that look questionable and are similar to this one in the future. Before investing with any firm, it is always best to do your research and perform your due diligence. This is especially important with companies that operate overseas and have a questionable reputation. Also, be careful if you ever find websites with similar names.
Verdict
To sum up, the legitimacy of Shakepay App, Elland Road Capital, Miaxam, and Weexxds are all under question or conclusively bad. Due to a lack of obvious legitimacy endorsement and security precautions, users should proceed with caution when considering using these sites. To protect your digital assets and privacy, only use recognized, trustworthy crypto exchanges and/or trading platforms accessible in your country.
