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Bicapdex Exchange: What You Need To Know To Stay Safe

BICAPDEX Exchange is a trading platform that claims to offer its clients an efficient, secure, and profitable trading experience. However, recent reports and feedback from clients indicate that BICAPDEX Exchange may not be as legitimate as it appears. In this article, we will take a closer look at BICAPDEX Exchange and examine the company’s licensing and regulation status, client feedback, and legal warnings.

Company Overview

BICAPDEX Exchange is a relatively new trading platform, and there is limited information available about the company’s history and ownership.

TEAM

The company’s team includes experienced traders and financial experts who are dedicated to providing clients with profitable trading opportunities. This is their claim, but there is no proof for this claim.

SERVICES OR PRODUCTS

This company offers its clients access to various trading products, including Forex, commodities, indices, and cryptocurrencies. The company claims to offer competitive spreads, leverage, advanced trading tools, and analysis.

TRADING PLATFORMS

BICAPDEX offers its clients access to the MetaTrader 4 platform, which is a widely used platform in the Forex and CFD trading industry. But when we tried to see a demo platform, we cannot do that as this requires us to perform a signup.

License and Regulations

LICENSE STATUS

One of the most concerning aspects of the BICAPDEX Exchange is its licensing status. Despite claiming to be a legitimate trading platform, the company is not licensed by any reputable financial regulatory authority.

REGULATION STATUS

In addition to its lack of licensing, BICAPDEX Exchange is not regulated by any reputable financial regulatory authority. We tried to find out the regulation confirmation from reputable regulatory websites, but nothing was found.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

Why Dealing With Unlicensed Brokers Is Risky?

Dealing with unlicensed brokers can be risky for several reasons. Unlicensed brokers are not subject to any oversight or regulation. Additionally, unlicensed brokers may not have the financial resources to meet their clients’ trading obligations, which can lead to significant losses for traders.

LEGAL WARNINGS AGAINST BICAPDEX EXCHANGE

Several financial regulatory authorities have issued warnings against BICAPDEX Exchange. The UK Financial Conduct Authority (FCA) has warned that the company operates in the UK without authorization. The Canadian Securities Administrators (CSA) has also warned against the company, stating that it is not registered to conduct business in Canada.

Client Feedback About BICAPDEX Exchange

Many clients have reported negative experiences with BICAPDEX Exchange.

ABOUT TRADING

Several clients have reported that the trading experience with BICAPDEX Exchange is not as profitable as the company claims. Clients have reported significant losses and difficulty in executing trades.

ABOUT CUSTOMER SERVICE

Many clients have reported that BICAPDEX Exchange’s customer service is unresponsive and unhelpful. Clients have reported difficulty in reaching customer service representatives and a lack of satisfactory resolutions to their issues.

How Can Reviewsadvice Help You If You Get Scammed?

If you have been scammed by BICAPDEX Exchange or any other unlicensed broker, Reviewsadvice can help you recover your funds. We will evaluate your case and provide you with a free consultation and service recommendations to help you recover the money.

Final Thought

Based on the information available, it is clear that BICAPDEX Exchange is not a legitimate trading platform. The lack of licensing and regulation and the numerous legal warnings and negative client feedback indicate that the company is engaging in fraudulent activities. It is important to exercise caution when dealing with any unlicensed broker and to seek the assistance of reputable financial experts if you suspect you have been scammed.

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Farmworld Scam Review: The Dark Truth Behind Their False Promises

TEAM

There is no information about the team members on their website, which raises suspicions about the company's legitimacy.

SERVICES OR PRODUCTS

Farmworld.com offers agricultural product listing, trading, and buying. The company claims to provide a user-friendly platform with advanced listing tools and features. However, several reports suggest that the platform is manipulated to make investors lose money.

TRADING PLATFORMS

Farmworld.com offers a web-based trading platform where people can usually list their products, make an offer, and sell them.

License and Regulations

LICENSE STATUS

Farmworld.com does not provide any location information about them. Their website has just a contact form to contact them. They don’t hold any license or authorization to be an agricultural product broker.

REGULATION STATUS

We cannot find any specific regulation confirmation because there is no proof of where they are located. So, we tried several regulators, but nothing was found.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

Why Dealing With Unlicensed Brokers Is Risky?

Dealing with unlicensed brokers is risky because they are not accountable to any regulatory body. Such brokers can manipulate their trading platforms to make investors lose their money. They may also engage in fraudulent activities, such as stealing their clients’ funds.

LEGAL WARNINGS AGAINST FARMWORLD.COM

We did not find any warning against them, but several previous clients issued complaints against them.

Client Feedback About Farmworld.com

There are several negative reviews and complaints about Farmworld.com from clients. The clients have reported that the company manipulated its trading platform, making them lose money. Some clients have also reported that the company has refused to withdraw funds.

ABOUT TRADING

Previous traders reported that this broker does not provide any good trading platform. The platform crashed continuously when they tried to list their products or trade them. They also reported asking money for listing products or trading.

ABOUT CUSTOMER SERVICE

Farmworld.com needs to provide adequate customer service to its clients. Several clients have reported that the company does not respond to their emails or phone calls, making resolving their issues difficult.

How Can Reviewsadvice Help You If You Get Scammed?

If Farmworld.com or any other unlicensed broker has scammed you, you can seek help from Reviewsadvice. We are a reputable platform that helps investors recover their funds from scam brokers. We will evaluate your case and provide you with a free consultation and service recommendations to help you recover the lost fund.

Final Thought

Farmworld.com is a scam broker that deceives its clients and makes them lose their money. The company is not licensed or regulated by any reputable financial regulatory body, and it has received legal warnings from its previous clients. Moreover, the company’s trading platform is manipulated, and its customer service is inadequate.

Investors should avoid dealing with Farmworld.com or any other unlicensed broker to protect their investments. If Farmworld.com or any other unlicensed broker has scammed you, seek help from reputable platforms like Reviewsadvice to recover your funds. Remember to do your due diligence and only deal with regulated and licensed brokers to ensure the safety of your investments.

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THE DBEX-COIN SCAM EXPOSED: THE DARK SIDE OF CRYPTOCURRENCY

Dbex-Coin is an online brokerage firm that promises to provide its clients with the best trading experience in the market. However, several red flags suggest that this platform may not be trustworthy. This article will review and explore why this broker may be a scam.

Company Overview

Dbex-Coin is an online trading platform that allows users to trade a variety of financial instruments, including forex, cryptocurrencies, and commodities. The company is based in the UK and claims to have a team of experienced professionals who provide excellent customer service.

Broker Name: Dbex-Coin

Website: https://dbex-coin.net

Location: Unspecified

Regulation: Not Regulated

Reviews: Negative

TEAM

They claim to have a team of experienced professionals who provide excellent customer service. However, the company does not provide any information about its team members on its website, which is a red flag.

SERVICES OR PRODUCTS

They provide trading services for various financial instruments, including forex, cryptocurrencies, and commodities. The company offers competitive spreads, low commissions, and fast execution times.

TRADING PLATFORMS

Dbex-Coin offers its clients access to the popular MetaTrader 4 (MT4) trading platform. Dbex-Coin only offers MT4 may limit the options of traders who prefer other trading platforms. We also have not found any demo account or demo for this platform.

License and Regulations

LICENSE STATUS

They claim to be registered and regulated by the Financial Conduct Authority (FCA) in the UK. However, a search on the FCA website reveals that Dbex-Coin is not licensed by the regulator.

REGULATION STATUS

The lack of a license from the FCA raises severe concerns about the legitimacy of Dbex-Coin. We also tried with FNMA and other organizations, but there were no results.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

Why Dealing With Unlicensed Brokers Is Risky?

Trading with unlicensed brokers is risky because rules or regulations do not bind these companies. This means they can engage in fraudulent activities, such as manipulating prices, misusing client funds, and refusing to process withdrawals. If you trade with an unlicensed broker, you risk losing your entire investment.

LEGAL WARNINGS AGAINST DBEX-COIN

Several financial regulators have issued warnings against them. For example, the Australian Securities and Investments Commission (ASIC) has warned that Dbex-Coin is not licensed to provide financial services in Australia. The Financial Supervision Authority (FSA) in Estonia has also issued a warning against the company.

Client Feedback About Dbex-Coin

ABOUT TRADING

Dbex-Coin claims to offer competitive spreads, low commissions, and fast execution times. However, the lack of transparency about the company’s ownership and operations raises severe concerns about the legitimacy of its trading services.

ABOUT CUSTOMER SERVICE

This company claims to have a team of experienced professionals who provide excellent customer service. However, the fact that it does not provide any information about its team members on its website suggests that this claim may not be accurate.

How Can Reviewsadvice Help You If You Get Scammed?

If you have been scammed by Dbex-Coin or any other online brokerage firm, Reviewsadvice can help you recover your funds. You can submit your scam case to us. We will then provide a free consultation and service recommendations to help you recover the lost fund.

Final Thoughts

Dbex-Coin is an online trading platform that claims to offer competitive trading services for various financial instruments. However, the lack of transparency about the company’s ownership and operations, combined with the fact that any reputable financial regulator does not license it, raises serious concerns about its legitimacy. If you are considering trading with Dbex-Coin, we strongly advise you to reconsider and choose a licensed and regulated broker instead.

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UNRAVELING THE MEDAMON SCAM: A COMPREHENSIVE REVIEW

Investing in the financial market is a profitable venture but can be risky when dealing with unlicensed brokers. Recently, the internet has witnessed an upsurge in fraudulent activities orchestrated by fake brokers. In this article, we will provide a review of the Medamon scam, a broker that has been accused of scamming its clients.

Company Overview

Medamon is a cryptocurrency in a crypto game that claims to offer its clients access to over 250 crypto instruments.

Broker Name: Medamon

Website: https://medabots.game

Location: Not found on the internet

Regulation: Not Regulated (Checked with several regulators)

Reviews: Negative

TEAM

Medamon needs to provide the team members they have. As this is a crypto coin used in gaming, they should let people know who is behind this platform.

SERVICES OR PRODUCTS

Medamon offers crypto gaming services to its clients. The broker provides access to over 250 crypto instruments, including bot building, and participates in wars.

TRADING PLATFORMS

Medamon provides its clients with a web-based trading platform that is easy to use and accessible from any device with an internet connection. The platform offers advanced charting tools, technical analysis indicators, and a user-friendly interface.

License and Regulations

LICENSE STATUS

Medamon claims to be a regulated coin, but we could not find any evidence to support this claim. The broker’s website does not provide any information about its regulatory status.

REGULATION STATUS

Medamon is not registered with any regulatory agency and is not authorized to offer its services to clients in regulated markets. The broker’s lack of regulation makes it a risky choice for investors.

Why Dealing With Unlicensed Brokers Is Risky?

Unlicensed brokers are not subject to regulatory oversight, meaning they can engage in fraudulent activities without facing consequences. These brokers may manipulate trading conditions to benefit themselves, resulting in significant client losses. Dealing with unlicensed brokers also means that clients have no legal recourse in disputes.

LEGAL WARNINGS AGAINST MEDAMON

We did not find any regulatory warnings against this broker. But several gamers have already issued against this broker regarding their price manipulation and other issues.

Client Feedback About Medamon

There are numerous negative reviews about Medamon on online forums and review websites. Clients have reported experiencing difficulties withdrawing their funds, and some have even accused the broker of stealing their money. Many clients have also reported poor customer service and a lack of transparency from the broker.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

ABOUT TRADING

Gamers have already reported that this coin is not steady and it has several problems while used in the game. Especially this coin does not have the proper whitepaper or documentation.

ABOUT CUSTOMER SERVICE

Customer service is an essential aspect of any business, and it is no different in the financial industry. When gamers faced issues using this coin, they did not get the proper support for it.

How Can Reviewsadvice Help You If You Get Scammed?

Reviewsadvice is a website dedicated to providing information about forex and CFD trading. The website provides news, reviews, and analysis of brokers and trading platforms. If a broker has scammed you, we can provide you with a free consultation and service recommendations to help you recover the money.

Final Thought

Medamon is an unlicensed broker that has been accused of scamming its clients. The broker’s lack of regulation, poor customer service, and numerous negative reviews should warn investors to stay away from this broker. It is essential to choose regulated brokers with a good reputation and a track record of providing quality services to their clients. As an investor, it is also essential to understand the market and the risks involved in trading. If a broker has scammed you, seeking professional help and taking legal action to recover your funds is essential.

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Exposed: The Shocking Truth Behind Fitbela Epro Limited

FITBELA EPRO Ltd (UK) is a United Kingdom-based online forex broker. FITBELA EPRO provides its clients with access to the world’s most popular trading platform, MT4, as well as a large selection of trading products and leverages up to 1:500. In this article, we will provide an in-depth review of FITBELA Epro Limited.

License and Regulations

LICENSE STATUS

FITBELA Epro Limited operates without a valid license from reputable financial regulatory authorities. They are established in the UK but have no license for UK financial regulators.

REGULATION STATUS

Similarly, FITBELA Epro Limited lacks regulation by any recognized financial regulatory bodies. They don’t have any regulation from FCA, as they are in the UK. They also don’t have any regulations from FINMA etc.

Why Dealing With Unlicensed Brokers Is Risky?

Engaging with unlicensed brokers, such as FITBELA Epro Limited, poses significant risks to traders. Without proper oversight and regulation, there is a higher likelihood of fraudulent activities, misappropriation of funds, and unfair trading practices. Furthermore, unlicensed brokers lack the necessary mechanisms to resolve disputes and protect client interests.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

LEGAL WARNINGS AGAINST FITBELA EPRO LIMITED

Several financial regulatory authorities have issued warnings about FITBELA Epro Limited. Department of Financial Protection and Innovation (USA) clearly stated their warning against this broker.

Client Feedback About FITBELA Epro Limited

ABOUT THEIR TRADING

Complaints about FITBELA Epro Limited’s trading practices include manipulation of prices, frequent slippage, and excessive requotes. These practices undermine the integrity of the trading process, leaving traders at a significant disadvantage.

Source: https://reviewsadvice.com/exposed-the-shocking-truth-behind-fitbela-epro-limited/

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Ae Global Link: The Inside Story Of A Sophisticated Scam

Online trading has grown exponentially in recent years, attracting experienced investors and newcomers to the financial markets. However, with the increase in popularity, the number of scam brokers has also risen. One such broker that has come under scrutiny is AE Global Link. This article will provide a comprehensive review of AE Global Link.

Company Overview

Broker Name: AE Global Link

Website: https://www.aegloballink.com/home

Location: Unknown

Regulation: Not Found

Traders’ review: Negative

TEAM

AE Global Link does not provide any information about their team. They don’t have an “About Us” section. This is not a good sign. They should provide their team details or at least the company details.

SERVICES OR PRODUCTS

AE Global Link advertises a range of services and products tailored to meet the needs of traders. These include access to multiple trading instruments, educational resources, market analysis, and account management services. However, it is important to note that numerous traders have questioned the quality and reliability of these services.

TRADING PLATFORMS

The broker claims to offer a user-friendly and technologically advanced trading platform, providing traders with access to real-time market data, charting tools, and order execution capabilities. However, some traders have reported technical issues, frequent platform crashes, and delayed order execution, undermining the overall trading experience.

License and Regulations

LICENSE STATUS

AE Global Link claims to be the commercial name of AE Global Link Company Limited, but little information is available on what they’re registered or incorporated under. It’s as though they’re intentionally attempting to disguise their genuine identities and operations.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

REGULATION STATUS

In addition to the absence of a valid license, AE Global Link’s regulatory status is also questionable. It is essential to emphasize the importance of trading with regulated brokers to ensure the safety of investors’ funds and guarantee fair trading practices.

Why Dealing With Unlicensed Brokers Is Risky?

Trading with unlicensed brokers poses significant risks to investors. Unregulated brokers often operate unscrupulously, disregarding established rules and regulations. Investors may face unfair pricing, withdrawal difficulties, account manipulation, and even outright scams. In the case of AE Global Link, the absence of proper licensing and regulation further amplifies these concerns.

LEGAL WARNINGS AGAINST AE GLOBAL LINK

Several regulatory bodies have issued warnings against them due to their unlicensed status and potentially fraudulent activities. Regulators from the UK, USA, Newzealand warned investors about this broker.

Client Feedback About AE Global Link

ABOUT THEIR TRADING

Traders have reported issues with AE Global Link’s trading conditions, including high spreads, hidden fees, and price manipulation. These practices undermine the fairness and transparency that should be present in a reputable brokerage.

ABOUT THEIR CUSTOMER SERVICE

Customer support is a crucial aspect of any brokerage, and unfortunately, AE Global Link falls short in this area. Traders have reported difficulties in reaching customer service representatives, delayed responses to queries, and unhelpful support staff.

How Can Reviewsadvice Help You If You Get Scammed?

In the event that traders fall victim to scams or fraudulent activities, resources that can help them recover their funds and seek justice are invaluable. Reviewsadvice is a reliable platform that provides assistance to individuals who have been scammed by unregulated brokers like AE Global Link. We will provide you with free consultations and service recommendations to help you in recovering the money.

Final Thought

Regarding online trading, exercising caution and conducting thorough research before choosing a broker is crucial. AE Global Link’s lack of proper licensing, regulatory oversight, negative client feedback, and legal warnings raises serious concerns about the broker’s credibility and trustworthiness. Dealing with unlicensed brokers poses substantial risks to investors, including the potential loss of funds and unethical trading practices.

Source: https://reviewsadvice.com/ae-global-link-the-inside-story-of-a-sophisticated-scam/

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Saen Markets Scam: The Anatomy Of A Financial Fraud

In the world of online trading, it is crucial to choose a reputable and trustworthy broker to safeguard your investments. Unfortunately, there are fraudulent entities that attempt to deceive unsuspecting traders. Saen Markets is one such broker that has raised concerns among investors. In this article, we will provide an in-depth review of Saen Markets.

Company Overview

Broker Name: Saen Market

Website: https://saenmarkets.com/en/

Location: UK

Regulation: Not regulated

Reviews: Negative

TEAM

Unfortunately, Saen Markets lacks transparency regarding its team members. The absence of a clear and verifiable team profile raises red flags and casts doubt on the broker’s credibility.

SERVICES OR PRODUCTS

Saen Markets advertises an array of financial services, including trading in stocks, commodities, indices, and cryptocurrencies. But, there were no details about these products and services. They should provide the trading method, policies, and other details.

TRADING PLATFORMS

Saen Markets does not provide clear information about its trading platform. They claim to offer a robots and user-friendly platform. But we did not see any demo or demonstration of their platform.

License and Regulations

LICENSE STATUS

Saen Markets claims to be licensed, but upon investigation, no concrete evidence or regulatory body is associated with the broker. This lack of a verifiable license raises serious doubts about the legitimacy and trustworthiness of the company.

REGULATION STATUS

In addition to the absence of a license, Saen Markets lacks regulation by any recognized financial authority. They claim they have regulation with NFA, and their license number is 0542842. But, we did not find any result upon investigation.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

Source: https://reviewsadvice.com/saen-markets-scam-the-anatomy-of-a-financial-fraud/

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How Linhziphoenix.io Defrauded Investors: A Cautionary Tale

There are scam brokers who lure clients into their trap with false promises of huge profits and easy trading. One of these brokers is Linhziphoenix.io, which has been the subject of numerous complaints and legal warnings for its fraudulent activities. In this article, we will review the Linhziphoenix.io scam broker.

Company Overview

Broker NameLinhzi PhoenixWebsitehttps://linhziphoenix.ioLocationUKRegulationNot regulatedWarningsMultiple

TEAM

There is no information about Linhziphoenix.io’s team members, qualifications, or experience. They claim to have a pool of experts in financial trading, but detail about any team member.

SERVICES AND PRODUCTS

Linhziphoenix.io offers services for trading in forex, stocks, and cryptocurrencies. They claim to offer over 200 trading instruments and provide access to the global financial markets. But, on their website, we did not even have the name of 20 trading instruments.

TRADING PLATFORM

Linhziphoenix.io provides a web-based trading platform that allows clients to trade in forex, stocks, and cryptocurrencies. But, their platform is poorly designed, lacks essential features, and is prone to glitches and server crashes.

License and Regulation

LICENSE STATUS

Linhziphoenix.io is not registered or licensed with any regulatory authority, which raises red flags about its legitimacy and accountability. As they stated that they are based in the UK, they should have a license or registration from FCA or any other UK regulatory body. But, there is not a single confirmation.

REGULATION STATUS

Linhziphoenix.io is not regulated by any financial authority in the UK or any other jurisdiction. This means that any legal framework does not bind them and can operate without any oversight or accountability.

You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.

Why Should Not You Trust An Unlicensed Broker?

Unlicensed brokers are not subject to the same strict regulations, checks, and balances that licensed brokers have to comply with. They can engage in fraudulent activities, such as stealing clients’ funds, manipulating prices, or conducting illegal trades. In addition, unlicensed brokers offer little or no protection to their clients and are not liable for any losses or damages incurred by their clients.

LEGAL WARNINGS AGAINST LINHZIPHOENIX.IO

Linhziphoenix.io has been the subject of numerous complaints and legal warnings for its fraudulent activities. Several financial regulators, such as the UK Financial Conduct Authority (FCA), have issued warnings against them, informing the public about their unauthorized activities and advising clients not to use their services.

Client Feedback About Linhziphoenix.io

ABOUT THEIR TRADING

Linhziphoenix.io’s trading services are highly unreliable, with fluctuating prices, slow execution times, and frequent server crashes. Many clients have reported that their trades were manipulated, with prices being artificially inflated or deflated, leading to significant losses.

ABOUT THEIR CUSTOMER SERVICE

Linhziphoenix.io’s customer service is poor, with long wait times, unresponsive agents, and a lack of transparency. Many clients have reported that they were unable to reach their customer service, despite repeated attempts, or that they were given vague or misleading information.

How Can Reviewsadvice Help You If You Get Scammed?

Reviewsadvice is an independent review site that offers unbiased reviews and ratings of various brokers and trading platforms. If you have been scammed by Linhziphoenix.io or any other fraudulent broker, Reviewsadvice can help you by providing free consultation and service recommendations to help you in recovering the fund.

Final Thought

Linhziphoenix.io is a scam broker that lures clients into their trap with false promises of huge profits and easy trading. They are not licensed or regulated by any financial authority, making them susceptible to fraudulent activities and exposing their clients to various risks. If you are considering using their services, it is highly advisable to research, read client feedback, and consult trusted sources, such as Reviewsadvice, before making any investment decisions. Remember, safety and security should always come first when it comes to online trading.

Source: https://reviewsadvice.com/how-linhziphoenix-io-defrauded-investors-a-cautionary-tale/

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Mgcckj Limited Scandal: Lessons Learned And The Fallout

In today’s world, Forex financing is getting popularity day by day. In this fast-moving sector, many new businesses are getting interest from traders. But, there are some scammers too. Unfortunately, MGCCKJ Limited. is a problematic and fraudulent entity that poses a significant risk to traders. In this article, we will provide a comprehensive review of MGCCKJ Limited.

TEAM

This broker does not have any details about their team. Their website is not active now. But, from their previous client’s feedback, we came to know that they don’t have an actual team to perform the trading.

SERVICES AND PRODUCTS

MGCCKJ Limited. provides clients with access to forex, CFDs, and binary options trading. However, the broker does not offer any educational resources, trading signals, or other tools that can help traders improve their trading skills or decision-making processes. This lack of value-added services suggests that the broker is only interested in attracting clients for commission purposes and not for the benefit of their trading.

TRADING PLATFORM

MGCCKJ Limited. uses the SpotOption trading platform, which is a widely-used platform in the binary options industry. Unfortunately, the platform has a reputation for being prone to manipulation and unfair trading practices. Furthermore, the platform’s layout and functionality are outdated, making it difficult for traders to navigate and execute trades efficiently.

Licenses and Regulations

LICENSE STATUS

One of the most significant concerns about MGCCKJ Limited is its unlicensed status. The broker does not hold any valid licenses from recognized financial authorities. We tried to find out the license information from the broker’s website and other sources. But, in every place, we find it negative.

REGULATION STATUS

MGCCKJ Limited. is not regulated by any financial regulatory body. As they are in the UK, they should have a regulation confirmation from the FCA. But, when we searched the FCA database, we found no registration.

Why Should Not You Trust An Unlicensed Broker?

Trading with an unlicensed broker is one of the most significant mistakes any trader can make. This is because unlicensed brokers do not follow regulatory standards, which increases the risk of fraud, money laundering, and other fraudulent activities. Additionally, unlicensed brokers may exploit the trading platform, leading to client losses.

LEGAL WARNINGS AGAINST MGCCKJ LIMITED:

Several financial regulators have warned the public against using MGCCKJ Limited Services. In 2019, the New Zealand Financial Markets Authority (FMA) warned the public that the broker operated without authorization and could pose significant risks to investors.

Client Feedback On MGCCKJ Limited.

ABOUT THEIR TRADING

Several clients have reported that the broker’s trading practices are manipulative and fraudulent. There have been instances where traders’ accounts have been wiped out, leaving them with significant losses without clear explanations or justifications from the broker.

ABOUT THEIR CUSTOMER SERVICE

Clients have also reported that MGCCKJ Limited’s customer service is inadequate. The broker provides limited support channels, often slow to respond or provide inadequate responses to clients’ inquiries.

How Can Reviewsadvice Help You If You Get Scammed?

Reviewsadviceis a reliable and reputable financial services provider that can help traders scammed by unlicensed or fraudulent brokers. You can submit your case of getting scammed by this broker. We will provide you with a free consultation and service recommendations to help you recover the fund.

Source: https://reviewsadvice.com/mgcckj-limited-scandal-lessons-learned-and-the-fallout/

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