review – 5 things you should know about


Beware! is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

We will start with a disclaimer of sorts. We have been reviewing a lot in the years behind us, and what we have mastered is something that really cannot be taught, but gained through experience. And thins is the fine art of detection, that is detecting illegitimate brokers just by looking at their surfaces. The moment we laid eyes on this thought came to mind. Today’s broker might look the part but it definitely does not play the part. But don’t just linger on this claim: read the review to find out why users shouldn’t trade with

First of all, the registration procedure and the leading user area are all part of the same thing. Well not technically, but they do belong to a set of templates that we always associate with scammer brokers. Yes, the user area does look neat, but the pattern of unlicensed brokers using the exact same user area, registration page, and trading software, never lies.

Speaking of the trading software, we were able to read a EUR/USD spread of 3 pips, which is almost twice the industry average and is clearly unacceptable. The leverage is capped at 1:200. The web trader reveals the following available trading assets: forex currency pairs, commodities, stocks, cryptos, and indices.

The broker’s site comes in English and Italian.


The governing law of the broker is that of the UK. Or at least the broker wants to make us think that. It goes without saying that we cannot take this claim anymore seriously than we can take the entire broker seriously. Mainly because all FX firms in the UK must pass through the conditioning of the FCA, a process during which many fail and few meet the harsh requirements. And anyway, has not once mentioned that it is regulated by the FCA, nor does the FCA hold any proof of it licensing the broker.

Aside from this useless claim, the broker seems to be absolutely anonymous. Not even the contact page reveals a proper location. In our experience, anonymous brokerages do not want to be found. Instead, the aim to solicit traders through a number of ways, some of which have been described in the last sections of the review.

There is nothing else to work with here.

To conclude this section, is UNLICENSED, and a definite risk to all traders.

To deposit in an unlicensed broker is the equivalent of throwing your money away for no reason. We always say that the first thing to do when dealing with any broker is to check for a license; this should be your priority! Usually, we would go for either an FCA or CySEC regulated brokers or other respected overseers. These regulators all employ harsh rules and impose very severe penalties on those brokerages that do not abide by the scrupulous rules. Furthermore, some agencies, like the FCA and CySEC, include reimbursement schemes to all users of brokers under their wings. These compensation funds schemes, as they are called, are put into action once broker cannot pay their clients back to bankruptcy. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.


The trading software at use here is nothing to write home about. It’s a common tool used by hundreds of unregulated brokers before it.

The web trader includes a significant amount of chart customization tool time frames, pending orders, stop-loss, take profit. Aside from this, there isn’t anything on offer.


As seen in the user area, the user can deposit via two credit/debit card outlets, where the minimum deposit requirement for both is €100.

We learn nothing about withdrawals from the relevant section in the portal area.

From the website we gather that there might be fees connected to withdrawals. In a familiar move, has left all related detail as obscure as possible.
This is what we find in the withdrawal policy that we think matters: users can withdraw through credit and wire transfer; there is a minimum requirement of $100; the processing time is around 3 to 5 days. These are all too common, and are not fully to be trusted! Unlicensed brokers tend to ie about their payment gateways!

Even if these sound like good payment conditions, these do not paint the bigger picture. Everything centers around the lack of a license, and the company’s ultimate goal of scamming its users. That is why we do not recommend to anyone!

How does the scam work?

The straightforward way into an investment scam is through the thousands of online ads that flood our browsers and social media sites. These are those familiar ads that promise impossible returns and luxurious lifestyles as a result of investing.

Succumbing to such ads will lead to either the scammer investment site, or to an intermediary source with close ties to this and other fraudulent websites.

In either case, the user will be asked to provide a phone number and probably an email address. The purpose of these is for the reps of the scam to be able to contact the client and push for initial investments. This is the first wave of the fraud, and is usually done by the rookie team.

The second wave is the pros, sometimes those behind the whole scam. These are charming and cunning individuals, whose communication skills can potentially result in the users to invest a second, or third, or even fourth time.

Basically, the scam continuous until the client realizes that she is being scammed. At that moment, when she wishes to withdraw or has questions for the scammer, it is already too late.

The culprits will easily ignore all requests or stall them. There are times when unlicensed brokers even terminate entire accounts, and on rare occasions entire websites are closed!

What to do if scammed?

The safest way to get your money back is to file for a chargeback using your credit or debit card provider. MasterCard and VISA have a chargeback period of 540 days. However, this only applies if you have deposited through a card.

Wire transfers are more difficult to reimburse, although some banks may have a specific plan for such times, so we advise users to directly contact their banks and ask them for help. What’s crucial is for users to change their bank account user names and passwords as soon as possible.

As for any funds invested through a cryptocurrency wallet, be sure that they are lost! Crypto transfers are untraceable!

And finally: never trust recovery agents or agencies. These are fraudsters who will ask for money in return for nothing. Do not trust these!

Rich Snippet Data



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