Have you suffered the bad luck of running into a fraudulent broker? Do you feel scammed by your broker?

Believe it or not, what we have named above happens very frequently, since trading in Forex, CFDs, Cryptocurrencies, binary options and in general investing online, has become hugely popular in recent years. Therefore also the number of people losing their money has increased considerably with fraudulent brokers or fraudulent investment firms.

In this section we give you a space for leave a comment mentioning your experience, you can search our brokers list, all the reviews we have written, and look there for the company with which you have had problems. If you can't find it, you can leave a comment, or send us a private message through our contact section, telling us about your experience.

How to recognize a fraudulent broker?

We have received hundreds of messages of inexperienced people who, due to ignorance, end up investing with a broker (or investment company) with which is not worth investing. Since you are here, we give you some tips so you can recognize a fraudulent broker:

  • Offer psychological therapy to employees opciones binary.
  • It offers systems of automated reversal.
  • Is a broker NOT REGULATED.
  • They lie about their regulation or they try to mislead or impersonate a regulated broker.
  • They use the regulation number from another broker.
  • They use a very similar name (or logo) to a respected and regulated broker.
  • Hide key information, like its regulation or the lack of it.
  • Hide key information about its location, or to which company does it belong.
  • Publicize especially the cryptocurrencies, .
  • The broker is based in countries like: Estonia, Russia, Bulgaria, The Bahamas, Marshall Islands, Seychelles, British Virgin Islands, Dominica, Saint Vincent and the Grenadines, Malta, Estonia, Mauritius, Vanuatu, Cyprus (in some cases), Saint Kitts and Nevis.
  • has some kind of automated (a few years ago a forex robot was very popular) that makes you earn a lot of money very easily. Like algorithmic trading, bots, robots, etc.
  • They promise huge profits, in a very short time and in a 100% secure way, and they tell you that you only have to deposit your capital.
  • Has inside information which makes you earn a lot of money, very easily.
  • You have reached it through advertisements such as The Bitcoin Code or Dubai Lifestyle, where they basically tell you that you will earn a lot of money very easily, if you give your information and register.
  • The website is very poorly designed.
  • The website is copy of web pages from companies that have previously been flagged as scams.
  • It does not have social networks.
  • If you look for information about them on the internet, they have a very negative reputation.
  • If you look for information about them on social networks, they have new publications, they have no seniority.
  • They ask you for more money to "unlock" your money or for taxes.
  • They offer very good returns.
  • they encourage you to borrow money to the bank, to acquaintances, friends or family.
  • They have a few years of experience.
  • they call you insistently ask you for money (A serious broker would never call you and would never ask for money).
claim money with mychargeback

If you think you are being scammed by a broker, or by your advisor, as we told you before, leave us a comment explaining what happenedthe contact us through our contact section. We also recommend read some of our sections most popular scam, to read hundreds of experiences of scammed people.

Remember it's never too late to share your experience, keep in mind that we have helped and saved the money of thousands of people, thanks to the experiences of people like you, affected or almost scammed by brokers and investment companies, who publish their experience and comments on our website. We understand that you may feel bad, embarrassed or you may feel that your experience will not add up, but this does help, we have discovered hundreds of scam companies thanks to customer feedback, we have helped many people thanks to this.

What can I do if I was scammed?

This is very difficult, since usually these brokers, those who follow these practices, are unregulated companies, with a non-real location and whose employees also they use fake names. This means that very it is seldom possible to get the money back, But DO NOT LOSE HOPE! As we already said, if you have problems with your broker, or you think you will have problems in the future, write us a comment here, or a private message explaining what happened. Until now, the best way to get the money back is this, try it: How to get my money back from a scam?

Eduardo Lopez

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the Brokersdeforexconfiables.com team. Do you want to know a little more about me? I invite you to read my biography.

Editor and Copywriter

Review Rating

144 comments on «Fraudulent Brokers»

  1. Cesar Cordova Reply

    Hello, what is your opinion regarding xpromarkets.com

    • reliableforexbroker.com Reply

      Hi Cesar, XPro Markets is a SCAM, we have received many complaints from investors, for not return the moneyshould never be invested in a broker that does not have REGULATION.

      They create a lot of positive comments about themselves that are LIES!, they want to confuse investors and pass themselves off as a legal company but it's all a lie! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).

      When you want to withdraw your capital or your benefits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not realThey try to take more money from you.

      If you would like to recover the money you can do it from the CHAT from our website or from this link: Get your money back, we are with you

      Greetings.

  2. alexander Reply

    I invested 20k in xpoken .com and a past operation by my own analyst zeroed in on losing all invested capital, and I was able to recover this value. 4096 usd ?

    • reliableforexbroker.com Reply

      Hello Alexsander, this broker called xpoken is a SCAM, many investors have denounced Xpoken for fraudulent activities, it is not advisable to invest money in an UNREGULATED broker. It's a SCAM and does not return money to its customers.

      ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE!.

      If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes don't existThey ask for it so they can steal more money from you.

      We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side

      Greetings.

  3. romina76 Reply

    I was able to recover my money with the recovery service. At least the money I sent to these thieves I was able to get back.

    • reliableforexbroker.com Reply

      Hi Romina76, Congratulations! We appreciate your comment, luckily you didn't hesitate and decided to get your money back. Always put the name of the broker in our search engine and read the review and comments carefully, we are always ready to help you.

      If you would like to recover the money you can do it from the CHAT from our website or from this link: Get your money back

      If you think about making new investments, first check our RANKING OF BEST BROKERS

      Cheers.

  4. Marco Antonio Marquez Reply

    Hello, good afternoon, I'm Marco. I entered a platform called Oceno Mall. They give you order tasks. I started with tasks of 2 orders and they deposited me in my account, but I kept increasing in level as well as earning more because there were more orders, everything. It was going well until they asked me to complete an order where they asked me for 7200 pesos to release it and there I stayed, they told me that I cannot release my investment until I complete the order, they know something about this platform.

    • reliableforexbroker.com Reply

      Hello Marco Antonio, we are working these days on several reviews and we will do one as soon as possible about this broker. do you have the website?

      Greetings.

  5. Andreas Fielder Reply

    Hallo,
    I have been in April bei B-Finance €10.000 investiert. Die Firma gab vor als Tochterunternehmen von Brown-Finance zu agieren. Die Plattfrom sieht derer täuschend ähnlich aus.
    Am Telefon waren die “Broker” sehr freundlich. Herr Egger and Herr Kremer. Gaben an, Schweizbänker zu sein.
    Als ich dann bei einem Kontostand von €12.000 mein Geld zurück haben wollte, ging das Gezeder los. Es passierte 3 Wochen nichts und auf einmal waren €38.000 auf dem Konto. Ich wurde aufgefirdert €6.500 Steuern zu überweisen. Leider tat ich dieses. Dann sagte man mir die Zentralbank (Barclays) würde meine Auszahlung blockieren und ich müßte eine Kaution in der selben Höhe hinterlegen.
    Ich ließ das Dokument von Barclays prüfen und bekam die Antwort, dass dies eine Fälschung sei und ich einem Betrug aufgelegen sei.
    I have not contacted mychargeback Hr. Ruesche in der Hoffnung dort Hilfe zu bekommen. Aber alles klingt für mich gerade nicht vertrauenswürdig.

    • reliableforexbroker.com Reply

      Hello Fraud, with mychargeback you are really with the most professionals in the sector. This broker called BrownFinance (B-Finance) is a SCAM, many investors have sued BrownFinance (B-Finance) for fraudulent activities, it is not advisable to invest money in an UNREGULATED broker. It's a SCAM and does not return money to its customers.

      ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE!.

      If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes don't existThey ask for it so they can steal more money from you.

      We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side

      Greetings.

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