The Definitive List of Forex Scammers

You should feel confident and excited about investments; but, if you were intending on utilizing Tradingweb, UBS Cryptocurrency Exchange, shakepayEx, and MACROFX, you should stop what you’re doing right now and read this post. This article’s primary objective is to debunk the legitimacy and trustworthiness of the websites in question. Carefully reading this article will teach you the warning flags that you should look out for before engaging in any kind of transaction. 

Tradingweb

Tradingweb, a suspicious online trading platform, has raised concerns among the trading community. Despite being registered in the UK, Tradingweb lacks any valid regulation or licensing. This means that the broker operates in a legal grey area and is not monitored by any official regulatory body. As a result, traders who use the platform are at risk of falling victim to fraud and financial exploitation.

One of the biggest issues faced by traders who use Tradingweb is the inability to withdraw their funds. Many users have reported that customer service representatives ignore their requests for assistance and prolong the withdrawal process for an indefinite period of time. This leads to frustration and a feeling of being misled by the broker. In some cases, traders have reported that their accounts were suspended, and they were unable to log in. This leaves them with no access to their funds and no way of resolving the issue.

In addition to the withdrawal issues, traders have also reported that the broker is not transparent about its policies and procedures. For example, some have claimed that the platform requires traders to deposit large sums of money in order to be able to trade, only to then make it difficult or impossible to withdraw the funds. This leads to a situation where traders are at risk of losing large sums of money, with no way to recover it. 

It is important to note that despite the availability of Tradingweb on the Apple Store, it is still considered a suspicious platform. The lack of regulation and oversight, combined with the numerous complaints from traders, make it clear that Tradingweb is not a safe or reliable option for traders looking to invest their money. It is recommended that traders exercise caution when considering Tradingweb and look for alternative platforms that are fully regulated and offer a transparent and trustworthy trading experience.

In the end, Tradingweb is a platform that traders should approach with caution or steer clear. The lack of regulation and the numerous complaints from traders make it clear that this broker is not a safe or reliable option for traders looking to invest their money. To avoid falling victim to financial exploitation, traders should always look for fully regulated and trustworthy trading platforms. 

UBS Cryptocurrency Exchange

Beware of the UBS Cryptocurrency Exchange! This platform may appear to be the well-respected and established UBS Global, but it is not associated with them in any way. This site is posing as a legitimate cryptocurrency exchange, but in reality, it has no regulation and is not an established platform. It is a fake platform that is merely imitating the reputable finance provider, UBS Global.

Investors should be aware of any site claiming to be UBS and selling cryptocurrencies. It is crucial to do your due diligence and research any platform before investing. In this case, it is highly recommended to reach out to UBS Global for further information and clarification. 

UBS Global is not a cryptocurrency exchange, but its accounts do allow for the purchase of cryptocurrencies through regulated exchanges. This is a much safer and more secure way to invest in digital assets. The last thing any investor wants is to fall prey to a fraudulent site that appears to be a trusted and reputable brand.  Don’t be fooled by the UBS Cryptocurrency Exchange or any other platform that claims to be associated with a reputable brand. Be sure to verify the information and reach out to the real company for confirmation.

As an investor, you should be careful when considering the UBS Cryptocurrency Exchange. This platform is not part of UBS Global and is not a regulated or established platform. Be vigilant, do your research, and reach out to the real UBS Global for further information. 

ShakepayEx

You should also beware of ShakepayEx as it is not associated with the legitimate and well-established Canadian crypto platform, Shakepay. Shakepay is a trusted platform that allows its users who are Canadians to buy, sell, and hold Bitcoin and Ethereum with ease. It is known for its user-friendly interface, $0 commission, and seamless transactions. However, despite its popularity, Shakepay has received its fair share of complaints, with some users reporting forced deposits and blocked accounts. Additionally, promises of guaranteed investment returns have also raised red flags among users.

On the other hand, shakepayEx is not affiliated with Shakepay in any way. It is a fraudulent platform that has no official endorsement from Shakepay. The lack of regulation and proven payouts makes it even more dangerous for those who choose to invest with shakepayEx. In fact, it could be a fake platform mimicking the reputable Shakepay, with the intention of scamming unsuspecting users.

It’s important to exercise caution and always do thorough research before investing in any platform, especially when it comes to cryptocurrencies. If you have any doubts or concerns, it’s always best to reach out to the official source, in this case, Shakepay, for clarification and information. Don’t fall for the trap set by shakepayEx, as it’s just a clone with no credibility and a risk to your hard-earned money.

Also, if you’re not Canadian and by the chance are offered to join the Shakepay-like platform, that must be a scam. The real Shakepay is for Canadians only so there’s no way residents of other countries can’t use their services except(probably) they’re residing in Canada. Contact the real Shakepay to check your eligibility.

MACROFX

MACROFX is a trading platform that claims to be a Forex broker, but it’s not what it seems. In reality, it’s a fraudulent platform that operates without any licenses or regulation, making it highly dangerous and unreliable. The lack of regulation and oversight means that there’s no guarantee of security or fairness in the trading that takes place on the platform. The site isn’t clear or accessible, making it difficult for traders to navigate and understand what’s going on.

To make matters worse, MACROFX is known for encouraging people to take high-risk investments. It’s easy for traders to get caught up in the excitement and hype of a potentially big payout, but this is often where the danger lies. The platform’s lack of regulation means that traders are entirely at the mercy of the platform and its operators, who may not have their best interests at heart.

It’s important to note that MACROFX is not to be confused with the Macro FX – Fundamentals Mastery Training Course. This is an entirely separate entity that provides education and training on Forex trading, but it’s not a trading platform. The “Macro FX” moniker is being used by the fraudulent platform to attract victims, so be careful not to confuse the two.

There’s no official endorsement of MACROFX, which is another red flag. Trading platforms that are backed by credible organizations and have a strong reputation are generally more trustworthy and reliable. In this case, MACROFX doesn’t have any official backing, and its lack of regulation means that traders are operating in a largely unregulated and untrustworthy environment.

In the end, MACROFX is a fraudulent Forex broker and trading platform that operates without any licenses or regulations. It’s known for encouraging high-risk investments and is not a clear or accessible site. Traders should be careful not to confuse it with the Macro FX – Fundamentals Mastery Training Course, and it’s best to avoid the platform entirely. If you’re looking to invest in Forex, it’s important to do your research and only work with regulated and credible trading platforms.

Conclusion

Finally, it pays to be vigilant and cautious when investing in the foreign exchange market. It is crucial to research each platform extensively before making any investment due to the popularity of scam sites such as Tradingweb, UBS Cryptocurrency Exchange, shakepayEx, and MACROFX. Since these sites are not regulated, they can make false claims about the returns investors might expect, and they market themselves aggressively, putting investors’ money at danger. By being cautious and completing your homework, you can protect your funds and ensure that you put them into a trustworthy platform.