There are hundreds of unregulated companies available on the internet that claim to be capable of helping you with trading support. However, there’s no secret that many of them are scammers and many people have been losing their money using those services. As they’re unregulated, there’s no way you can get your money back even if you know how to report online fraud or scams. Check some unregulated companies we’ve reviewed below.
Golden Zone Trading
The Golden Zone Trading program has been purchased by a large number of people. They were looking for an order flow analysis tool, and Sean Kozak (the major analyst figure of the program)showed them his. However, there are a lot of issues in the application, and it regularly hangs NinjaTrader and crashes. Clients are afraid to place a live transaction for fear of losing money because there are so many issues.
Our golden zone trading review found that no one has ever been able to resolve a problem with customer service, instead claiming that it is a bug that will be rectified in the next software upgrade. The most significant issues with this software have never been fully fixed in any upgrade. People have lost money on this platform, as you might expect, due to the poor performance of their trading software. The developer has no long-term plans to address these issues.
While Sean Kozak claimed to have a Canadian Securities License (CSC), there was no evidence that he actually has. In fact, the program isn’t licensed and the company isn’t regulated anywhere in this world. Our forex brokers review also found many reports about Golden Zone Trading scamming their users. You must be careful if you get any offerings under this very name or similar ones.
TitanTrade
GN Capital Limited, a Marshall Islands-registered offshore company, owns TitanTrade. That’s a glimpse of titantrade review enough to conclude that this website is not a safe place to trade. As you might have known, The Marshall Islands is renowned for its lack of rules and regulations regarding trading platforms. As a result, of its low initial investment and lack of regulatory oversight, it is a popular choice for retail forex traders. For this very reason, many dodgy forex brokers have set up their headquarters there.
But this is not the company’s first location or the headquarters from where it operated. It’s clear from the form’s brief history that they mentioned their Belizean addresses as well as references to other financial hubs or world centers in different countries.
There are many Forex and CFD trading providers, but TitanTrade claims to be a global-scale company that offers international class trading offerings to clients. Despite being unregulated, TitanTrade and its linked businesses were also found to have a connection to NRGBinary for their binary options and other red-flagged companies, which resulted in several warnings and blacklistings from renowned authorities around the world.
Because of the company’s unregulated character, as well as the broker’s agents and the company itself targeting citizens of one country to join them and provide the riskiest investments, this was the primary cause.
WizeTrade
WizeTrade is a set of trading software suits that help your trading in forex, stocks, futures, commodities, and even options. There is no doubt that the suites have been around for nearly two decades now, and it’s not simply a fluke. Nevertheless, we can easily find dominantly negative wizetrade reviews after researching it for a while on Google. Complaints about the software may be found all over the internet where some of them even labelled WizeTrade as a scam.
The software makes the claim that it will make your trading decisions easier, but this is just not true. Just as in the live market, it displays charts, real-time data, and other relevant indications that you might also find other free trading tools. As a result, trading is quite dangerous and you can easily lose money if you solely base your trading decisions on this software.
However, the company is still going strong and has lasted for a long period but we can see a significant decline in pricing. Originally priced at around $5000, the suite is now available for a much more reasonable $150 per month.
The WizeTrade software is certainly not the best choice if you’re just getting started with day trading, but it does offer some useful features that you may put to use in your trades right away. If you’re a novice trader, it can assist you make an uninformed guess, which can be disastrous. Wizetrade isn’t a scam, but it’s still a bad idea to invest in or to fully depend on.
Profitcoins.io
There are numerous warning signs that Profitcoins.io is a scam platform. Most scam robots’ marketing strategy is extremely emotive and less logical than that of most scam robots. There are a lot of stories of people who went from poverty to prosperity because of the robot’s help on their website. In addition, there are a number of unfounded claims about the robot’s earning potential.
They provide a five-minute guarantee for windfall earnings which is a big lie. They don’t have any explanation about how it can be achieved, and they won’t respond to any related inquiry about the topic. Instead of earning profits, you will lose a lot of money in the first few minutes of trading. We believe that their online trader is a scam with a scheme to make traders losing their money no matter what
Their one percent daily profit claims made by the crooks behind this business are dubious once more. Our profitcoins.io review reveals they contradict themselves by claiming to be able to make a profit in just five minutes and averaging just one percent every day. Scam robots frequently make ambiguous claims about how much money they can make.
We’ve also discovered that Profitcoins.io changes domains on a regular basis. Prior to Profitcoins.io, they used profit-coins.cc and profit-coins.com. Because of the numerous reports about them, scam robots frequently change domains to avoid being penalized by search engines.
