Author: fraudreviews.net

Important Note: Trade360 (trade360.com) is no longer operational as a forex broker and should be approached with extreme caution due to its history and current status. Previously operated by Crowd Tech Ltd. in Cyprus and Sirius Financial Markets Pty in Australia, Trade360 was regulated by CySEC (license 202/13) and ASIC but renounced its regulatory licenses and ceased operations as an investment firm in 2023 following regulatory issues, particularly with ASIC in Australia. The original trade360.com domain is now offline, and there are reports of scammers cloning the site on domains like “.website” or “.cc” for phishing purposes. User reviews are…

Introduction to MTFX Important Note: MTFX (megatraderforex.com) is highly likely to be a scam and should be approached with extreme caution. The broker, registered in the UK in 2011 as Mega Trader FX Ltd., claims to offer trading in forex, CFDs, metals, stocks, and indices with platforms like MetaTrader 4 (MT4) and a mobile app. It provides three account types (Micro, Standard, Executive) with leverage up to 1:500 and no minimum deposit for the Micro account. However, MTFX is unregulated and holds a suspicious clone license, falsely claiming affiliation with CySEC-regulated Trading Point of Financial Instruments Ltd. (license no. 120/10).…

Important Note: PU Prime (puprime.com) raises significant concerns about its legitimacy, primarily due to its regulatory status and user complaints. The broker, established in 2015 and headquartered in Mauritius, operates under Pacific Union (Seychelles) Limited and PU Prime Limited, with regulation from the Seychelles Financial Services Authority (FSA) and a general registration with the Financial Sector Conduct Authority (FSCA) in South Africa. It previously held an FSCA license, which has reportedly expired, and it claims an ASIC license in Australia, though concerns about its credibility persist. Seychelles and St. Vincent and the Grenadines (SVGFSA, registration number 271 LLC 2020) are…

Important Note: Goldstarpath (goldstarpath.com) raises serious concerns about its legitimacy and is likely a scam. The broker claims to offer trading in forex, indices, metals, commodities, shares, and CFDs, with platforms like MetaTrader 4 and ACT Trader, offering leverage up to 1:400 and a minimum deposit of $1,000. However, it lacks regulation from any recognized authority, such as the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC), despite claiming a U.S. address in Wyoming. U.S. law requires forex brokers to be NFA-regulated, but no record of Goldstarpath exists in NFA registries. The broker is linked to GCI Financial…

Introduction to CED Capital Limited CED Capital Limited presents itself as a UK-based financial services provider offering trading opportunities across various markets. However, numerous red flags have emerged that demand careful scrutiny. Our investigation reveals concerning patterns that every potential investor should be aware of before entrusting their money to this entity. Important Note: Ced Capital Limited (cedcapitalltd.com) is widely regarded as a confirmed scam and should be avoided at all costs. The broker claims to offer trading in forex, stocks, indices, cryptocurrencies, and metals with competitive spreads (e.g., 0.6 pips on EUR/USD) and high leverage up to 1:100, which…

Looking for the truth about Hugosway MT4? You’re not alone. Whether you’ve already deposited funds and are facing withdrawal issues, or you’re researching before investing, this comprehensive review will reveal crucial red flags you need to know. Many traders have lost significant sums to unregulated brokers – don’t become another statistic. Let’s examine whether Hugosway MT4 deserves your trust or should be avoided at all costs. Based on available information, Hugosway does not currently support MetaTrader 4 (MT4) as of 2025, having switched to the Pro4 trading platform. Hugosway is an unregulated offshore forex broker registered in St. Vincent and…

Important Note: Information on Investment Global is limited and inconsistent. There is no clear evidence of regulation by recognized financial authorities, which raises significant concerns about its legitimacy. The website (investmentglobal.io) appears to focus on forex, CFDs, and cryptocurrency trading, offering platforms like MetaTrader 5 and promising low spreads and high leverage (up to 1:1000). However, multiple red flags exist: the broker lacks transparency about its ownership and regulatory status, and user reviews are sparse, with some reports on platforms like Trustpilot mentioning difficulties with withdrawals and unresponsive customer support. Additionally, the domain was recently registered, and no major regulatory…

Based on available information, FXDaily.io (fxdaily.io) raises significant concerns about its legitimacy. The broker is not regulated by any recognized financial authority, which is a major red flag. Its domain was registered on June 21, 2023, and it currently holds a “clientTransferProhibited” status, meaning the domain cannot be transferred. FXDaily.io offers trading in stocks, forex, commodities, indices, cryptocurrencies, ETFs, and CFDs, along with tools like margin calculators and educational resources. However, user reviews are scarce and predominantly negative, with complaints about inability to withdraw funds, including a reported case of a trader depositing funds and earning a profit of 90,000…

Have you been considering Foxane as your forex broker? Perhaps you’ve already deposited money and are having trouble withdrawing it. Maybe you’re researching before investing your hard-earned money. Either way, you’ve come to the right place. This comprehensive Foxane review will explore whether this broker is legitimate or if the Foxane scam allegations hold water. Important Note: Based on available information, Foxane (foxane.com) raises significant concerns about its legitimacy. Registered in St. Vincent and the Grenadines under registration number 26285BC2021, Foxane claims to be regulated by the SVG Financial Services Authority (SVG FSA). However, the SVG FSA does not regulate…

Important Note: Based on available information, MultiBank FX, established in 2005, is a globally recognized forex and CFD broker regulated by multiple authorities, including ASIC (Australia), CySEC (Cyprus), BaFin (Germany), MAS (Singapore), and CIMA (Cayman Islands), among others. It offers trading on over 20,000 instruments across forex, metals, shares, indices, commodities, and cryptocurrencies, with leverage up to 1:500 and spreads starting from 0.0 pips on ECN accounts. The broker uses MetaTrader 4 and MetaTrader 5 platforms, supports social and copy trading, and has a low minimum deposit of $50 for its Standard account. User reviews are mixed: many praise its…