Forex Scam Brokers Review
There’s one rule if you want to get into forex trading: Not all forex brokers on the internet are reliable and trustworthy. You may have stumbled on some of these trading sites while searching for information. We’ve done the due diligence for you by looking over some websites that may have appeared in your timeline. Please read our reviews on them below before registering for an account or making a deposit.
82mr.com is the site for a company named MR Investment Advisors Ltd that’s based in the UK. While the exposure in the search engine is pretty low, the company’s site is actually accessible. While the name and company profile describes MR Investment Advisors as an investment management company, their promoted services are only about cryptocurrency trading.
The company claims to work closely with experts for investment services and wealth management solutions. While it’s not clear whether or not MR Investment Advisors is a scam, our 82mr.com reviews easily found that they’re certainly not a forex broker. Even if it’s true that cryptocurrencies are their traded assets, it’s very risky to use this kind of investment management service. It’s safer to use a more credible company with wider exposure and customer feedback you can review.
kinsbi-coin.com is a crypto exchange and trading platform that allows you to buy and sell different coins. Unfortunately, when you want to withdraw your profits, your request won’t be processed and your balance will be frozen. Only if you make another deposit or transfer more funds, they would then unfreeze your balance. At this point, you’d be required with more deposits in the future which is actually a red flag for a trading or brokerage platform.
It’s reported as a centralized honey pot scam and they have made similar sites with different extensions including kinsbi-coin.net and kinsbi-coin.org that have been reported to scam people with the same exact method. These former sites are no longer reachable which reflects the possible fate of kinsbi-coin.com in the future.
At the end of the day, our kinsbi-coin.com reviews concluded you won’t be able to withdraw your profit or funds you’ve deposited to your account in kinsbi-coin.com and lose them, as this version of the website is taken down. There’s no way you can charge back or file an official complaint since kinsbi-coin.com isn’t a regulated company. kinsbi-coin.com is not even a forex broker at all. Generally speaking, there are still better options than kinsbi-coin.com if you’re really into crypto investments.
Ziba Coin is an online brokerage company based in London, the UK, that offers a trading platform for trading and investment. The company specializes in forex and cryptocurrency trading and offers a full range of financial services. Each member of our team has been trading for at least seven years or from 2015. Zibacoin allows users to invest, trade, or learn through their resourceful accounts. Their brokerage function is in the “invest” mode where you’d be assigned with an account manager but you’d still have full control of your investment.
Ziba Coin’s ultimate offering also comes from its “trade” mode where users are actually performing copy trading. While Ziba Coin looks legitimate, our ziba coin reviews have concluded that the company has a very low exposure compared to other forex brokers with comparable offerings. You better get recommendations or referrals before actually registering an account and investing money in Ziba Coin.
CryptoMint is basically a website builder and tool provider that allows affiliate marketers of all levels to build their websites and network with less effort. Your own custom-designed affiliate website with pre-loaded crypto-deals and ClickBank offers can be created. Every one of your CryptoMint-created websites can be profitably monetized and is housed on CryptoMint’s web hosting infrastructure. You may also use it to manage your website’s connection with a number of search engines and social networks.
However, CryptoMint is certainly not a Forex broker and doesn’t provide any forex-related services. If you’ve heard about cryptomint-inc.net review as a forex broker, that could be false marketing, fake information, or simply an affiliate website that uses the builder.
If you’ve been searching for investment-related queries, there are chances that you might find the name of Hashflare in your search results. Hashflare is basically a cloud-based cryptocurrency mining platform for Bitcoin, Litecoin, and Ethereum. Cloud mining power is available from HashFlare in three forms measured in Hashrate. More people are starting to mine Bitcoin as the price rises. Income decreases as a result of this, making it more difficult to generate a profit. Therefore, it’s harder for miners to break even over their subscriptions to HashFlare.
The majority of the bad hashflare reviews focus on the site’s profitability, and a few allege that it is a complete Ponzi scam, complete with bogus customer reviews and no customer service at all. Besides, Hashflare isn’t even a forex broker but a crypto mining pool platform. If you ever find Hashflare marketed as a forex platform, please ignore or avoid it.
BitConnect was considered the ultimate solution to cryptocurrency schemes with their open-source platform except they’re proven a scam with their high-yield investment programs. San Diego jurors have accused BitConnect founder Satish Kumbhani on charges he ran a global cryptocurrency Ponzi scheme that defrauded investors of $2.4 billion. This is certainly a major red flag when considering using BitConnect.
It’s pretty clear that BitConnect isn’t even a forex broker or trading platform and there are no forex-related services provided by the platform. Even if you have a strong interest in cryptocurrency investments, there are better options you can choose from in the market. Be cautious of the BitConnect refund reviews and any offers made under the BitConnect name.
Toroption is a binary options trading platform but unlike other brokers that support binary options trading, it’s practically a scam. Our toroption review found that the brokers work more likely scamming sales persons who are very pushy to demand you make further deposits while you’re not able to withdraw either your deposits and profit funds. The website is currently unavailable or cannot be reached so if you find it active again anytime in the future, you know you should avoid them.
Binary options trading is a very risky form of trading especially when it comes to forex or cryptocurrencies. Even many trading experts suggest avoiding this type of trading due to the very high risks. If you’re really into binary options trading, you must only use credible brokers or trading platforms like IQ Option, Nadex, 365Trading, and so forth.
IC3 refers to the Internet Crime Complaint Centre where you can file a complaint about scams or fraudulent online activities. So, they’re not forex brokers but if you have problems or experience fraud, that’s where you should go for online fraud reporting for sure. The organization also issues yearly reports that become sources and references about cyber crimes particularly in the US and in the world.
If you’re a cybercrime victim, you can file a complaint to ic3 report review for sure. They work closely with corresponding authorities to proceed with cybercrime reports. Most importantly, the organization consistently publishes progress, findings, reports, and news related to cyber criminals. You may find forex brokers that are scams or commit fraudulent activities. They’re exposing cybercrime threats targeting traders and users online.