Forex Scammer: A List of Forex Brokers to Avoid

Everyone who wants to start trading or making an investment online is urged to check the company’s regulatory status, read reviews and testimonials, and consult with a financial advisor before making any investments. It’s because there are tons of scams and frauds under the name of legit investment or trading companies. In this article, we review four companies that you should avoid whether you want to make any investment or trade assets. 

PFXMarkets

PFX Markets is a company based in the United Kingdom that has been in operation for at least two years. According to the information provided, it appears that the company has a suspicious regulatory license and a suspicious scope of business. The company has been verified as having no valid regulation, which should be a major red flag for potential investors.

The company is offering a wide range of products including forex, metals, commodities, indices, and shares, however, one of the major issues with this company is that it requires a high minimum deposit of $5000, which is quite high compared to the industry standard. This could be a warning sign that the company is not trustworthy and may be looking to scam investors.

Without a valid regulatory license, it means that the company is not operating within the boundaries of the law, and there is a higher risk of fraud or financial misconduct. This is a significant concern for anyone considering doing business with PFX Markets. Additionally, the fact that there are issues with the company’s website, such as not being able to access all of the content, raises further questions about the company’s legitimacy and transparency.

It is important to remember that a legitimate and trustworthy company should have a professional and informative website that is easily accessible to the public. However, PFX failed to provide this information and keep things shady with their marketing campaigns which already caught many victims.

Another pivotal thing to consider is that companies like PFX usually attract novice investors, as they promise high returns on investment with minimal risk, but in reality, they are only interested in swindling people’s hard-earned money. They may use various tactics such as pressure selling, cold calls, and unsolicited emails to lure in unsuspecting investors.

Based on the information provided, it is highly recommended that individuals avoid doing business with PFX Markets and invest with caution. It is always important to thoroughly research and verify any company before making any investment decisions.

In conclusion, PFX Markets’ suspicious regulatory license, the suspicious scope of business, high minimum deposit, and issues with the company’s website, should be enough to make any potential investor think twice before investing with them. It’s imperative to be vigilant and protect yourself from such fraudulent companies, always be mindful of the red flags and invest with caution.

Bitsky.shop Forex Scammer

Bitsky.shop is a digital asset trading platform that claims to be the world’s leading platform, providing secure and trusted services to millions of users in over 130 countries worldwide. However, despite the company’s large client base, there is a lack of legitimate feedback and reviews about the company.

One of the major red flags with Bitsky shop is that the company’s website is relatively new, and there is not enough information available to properly evaluate the company’s legitimacy. A lack of transparency and a lack of readily available information about the company’s history, management team, and business practices should be cause for concern.

Bitsky Shop’s multi-platform terminal trading system is also a cause for concern. The company claims to support full business functions on multiple platforms including iOS, Android, and Windows, but without proper regulatory oversight, it is impossible to verify the security and reliability of the company’s systems.

Furthermore, Bitsky Shop’s claim of being the world’s leading digital asset trading platform is a bold statement that cannot be verified without proper research and due diligence. It’s a common tactic for fraudulent companies to make grandiose claims in order to attract potential investors.

In conclusion, Bitsky Shop’s lack of legitimate feedback, the newness of the company’s website, the lack of readily available information about the company, and the company’s grandiose claims should all be cause for concern. Before investing in any company, it’s essential to thoroughly research and verify the company’s legitimacy and to consult with a financial advisor. In this particular case, the red flags are too many and it’s best to avoid this company and protect yourself from potential fraud.

Proinvest

Proinvest is a company that has been operating for more than two years and is based(also registered) in the Marshall Islands. The company claims to provide investment services, but it has a suspicious regulatory license and a suspicious scope of business. Unfortunately, while it’s registered, it has also been verified that Proinvest is not regulated. This should be a major warning sign for anyone considering doing business with them.

Offshore brokers like Proinvest, often operate outside of the jurisdiction of the regulatory authorities, which makes it harder to track them down in case of any fraud or misconduct. It also means that they are not held to the same standards as regulated brokers, which could put your investments at risk.

Proinvest’s claim of providing investment services is also a cause for concern. The company’s scope of business is not clearly defined and raises questions about the type of investments they offer and the level of risk involved. Additionally, the fact that the company is not regulated means that there is no oversight to protect investors from fraud or mismanagement.

Furthermore, the company’s name, “Proinvest” is a common name and it’s not unique, this is another red flag. As well the company’s website is not informative and not informative, which raises further questions about the company’s legitimacy and transparency.

Finally, Proinvest’s lack of regulation, the suspicious scope of business, and the suspicious regulatory license, should all be cause for concern for anyone considering doing business with them. . The fact that the company is operating from an offshore location and it’s not unique name with a not informative website are red flags that should not be ignored. It’s best to avoid this company once and for all and protect yourself from potential fraud.

If you have lost money to companies like Mining-invest, Swiftflashtrade, or Florencecapital, please report it today by bellow form.

Investments Global Forex Scammer

Investmentsglobal.com is a company that promises a seamless trading experience, different assets to choose from, an environment where every client has a dedicated account manager who will guide them through the whole journey, and reliability. However, the company fails to deliver on those promises, and investing in this company is an incredibly bad idea.

The company’s regulation and safety of funds are a major concern. The company has not provided any address on the website, only an email and a phone number. They have also not mentioned anything about licenses which means that they are most probably not licensed – a regulated broker would always make sure to mention all their hard-earned licenses to prove that they are reliable and you could trust them.

Based on Investmentsglobal.com’s profile, the company is governed or registered by the laws of St. Vincent and the Grenadines. This does not make the company appear more reliable in any way – St. Vincent and the Grenadines is a popular location among forex scammers. The local financial authority of the country does not regulate or supervise forex brokers or impose any laws in the sphere of forex trading.

This means that there are no requirements to be met and that no strict authority is making sure that you are being treated fairly by investment global. Moreover, offshore companies are not subjected to transaction reporting requirements that allow money transferred to such offshore locations untraceable.

The company’s trading software is well-functioning, but it’s not enough to overcome the company’s lack of regulation and other red flags. And besides, there are better options if you are looking for a highly efficient trading platform that is still accessible – MetaTrader 4 or MetaTrader 5 are two unbeatable options if you are looking for a smooth, real trading experience.

Investmentsglobal.com’s trading conditions are not great. The spread the company offers is over 3 pips, which is definitely not in line with what the company had promised on the website. Such a widespread makes it difficult for traders to make a profit, and it is not something that a reputable broker would offer.

In the end, Investmentsglobal.com is not a trustworthy company and it is highly recommended that individuals avoid doing business with them. The company’s lack of regulation, the suspicious scope of business, and the suspicious regulatory license, as well as its exaggerated promises and not favorable trading conditions, should all be cause for concern for anyone considering making deposits and trading on this site. 

Verdict

In summary, all the companies that I’ve written about, PFX Markets, and Bitsky.Shop, Proinvest, and Investmentsglobal.com, have suspicious regulatory licenses, a suspicious scope of business, a lack of transparency, and major red flags that should be taken into consideration before making any investment decisions. Their branding and offers might be different but they share the same major red flags. It is highly recommended that individuals avoid doing business with these companies at all. It is always important to thoroughly research and verify any company and to consult with a financial advisor.