On the internet, you can find dozens of unregulated firms claiming to be able to provide legal services. The problem is that many of them are fraudsters or scammers, and many individuals have lost money as a result of employing them. Even if you know how to report fraudulent websites or companies, you won’t be able to get your money back because they are unregulated. We’ve compiled another list of unregulated companies, you better check below.
FTO Capital
Financial Trading Online or FTO Capital is an online forex broker under the ownership of Nona Marketing LTD. It’s currently one of the most well-known trading platforms for currency exchange investments. Many markets and innovative tools and information are available to help investors get the most of their trading experience on the platform.
There are numerous excellent qualities to the site, despite the fact that it is unregulated. This platform is safe to trade on and it’s preferable to use it via a crypto robot, according to our evaluations. Despite currency pairs, CFDs, FX, and equities are among the other products available on the platform. There is a huge variety to choose from for traders of all levels.
Our fto capital review is fascinated by the use of MetaTrader4 and WebTrader which are two of the most popular and advanced trading platforms used by FTO Capital. They also have outstanding customer service and a vast range of tools for tradesmen to choose from, making them a popular choice.
Click2sell.com
Click2sell.com comes as a self-service online advertising platform that provides services and tools for internet marketers. You’re told that you’ll be helping companies raise money for advertising and that you’ll be entitled to a portion of the earnings. That’s the main attractive point of the company and many marketers have spent money on subscriptions.
To make up for your original expenditure, they say they’ll allow you to resell your advertising at some point in the future so that you may either recoup that money or make a profit. That appears to be and has been proven to be a scam.
For the purpose of defrauding unsuspecting victims of their money, they’ve created a fictitious website and devised the concept of ad flipping. Because any funds invested in click2sell.co review will go directly to the scammers, you’ll be doing more harm than good by putting money into this fake advertising platform.
Beurax
In theory, Beurax is meant to be an international investment firm that specializes in bitcoin or cryptocurrency trading. As their Investors, you can theoretically make money either by making investments and/or recruiting new investors. They claim to have a proprietary operating system and platform that enables them to gather and interpret market-specific data. However, they’re not regulated or licensed in any way.
Our beurax review found that the investment element is dubious (there is no evidence of outside revenue) and the recruiting portion is reminiscent of a pyramid scheme in design. Because Beurax is an MLM company, there are no retail products to sell. If a new member invests at least $20, he or she is guaranteed a daily return of 1.4 percent. New members’ fees are the only source of revenue for the company.
Yibit
Yibit advertises itself as a Singapore-based exchange and appears to enable deposits and withdrawals. The last time we heard from them was a few years ago, and we can’t seem to uncover any information about them since then.
As far as our yibit review can tell, this is a mobile-only app, therefore, you’d need to download and install it first. They’re quick to reply to technical issues, and many users have reported no problems in transferring bitcoin back and forth, but not with the withdrawal.
It’s clear that this app or website is a fraud and their investment package is a scam. Typically, a woman claiming to be from Singapore would also contact people via WhatsApp. She’s been pressuring users to create an account on the Yibit exchange platform and deposit money into their account there.
Gladiacoin
While it appears to be a Bitcoin investment MLM (Multi-Level Marketing) company, Gladia Coin is actually a hybrid of both unlawful scams known as Pyramid and Ponzi schemes. GladiaCoin’s owner and address are totally hidden in their company profile details, and their website makes no mention of them at all. No one knows who controls and operates GladiaCoin, even though it has been very popular.
This means you’ll get paid from both your own recommendations and recruited members using your referrals. Our gladiacoin review found that there is no limit to the number of downlines you can have, so you can basically keep making money from them indefinitely. They would typically pay at the beginning until they receive new investments in excess of the amount of money withdrawn. The business ends when there are no more people joining the program.
ValForex
ValForex is essentially an online investment source platform that provides reviews, tips, recommendations, and guides on various topics such as forex, cryptocurrency, binary options, stock, robots, and so on. It has complete pages of educational and informational references about exchanges, signals, scams, analyses, reviews, guides, training resources, indicators, and many more. ValForex isn’t a regulated investment management company, it’s more like an educational website. A valforex review could be an insightful reference for your trading and investment. However, you should research and triangulate further any information you get from ValForex. They’re not a regulated company so they don’t have any responsibility to provide you with correct information after all. You should wisely use reference sites like this for your trading decisions.
