Global Fraud Protection is a company that specializes in uncovering online financial schemes and assisting victims in getting their funds back.
Our primary focus is scam brokers, since every year thousands of people lose money to fraudulent investment firms. While exposing scammers, we thrive on assisting as many victims as possible and helping them recover stolen funds. In May 2022, we uncovered over 30 different scam brokerages and assisted hundreds of their customers.
We take pride in showing you all the details. While some companies seem legitimate, there are hidden Terms and Conditions. Others don’t even bother to look legal; instead, they don’t publish any relevant information regarding headquarters and jurisdiction.
This is why we’re here, to ensure that each client gets all the details and recognizes the scheme immediately. Here’s an overview of our work in May and a short recap of everything we discovered.
We’ve created a comprehensive list of scam companies to avoid. Instead of trying and falling victim, read through our article. It will help you understand how scammers conduct their business.
This firm accepts citizens all over the world, including the US.
You have no consumer protection and no money-back guarantee if anything goes wrong.
There’s no information about trading assets, platforms, or leverage and no Demo account. It seems that after the deposit, you won’t hear back from them.
The broker requests an incredibly high initial deposit of 10,000 pounds while offering basic trading tools, such as WebTrader without a mobile app and no Demo account.
It offers MT5, a standard initial deposit, bonuses, and trading in all five major markets. However, it doesn’t offer any financial security.
It offers unregulated leverage and basic WebTrader, while swaps, fees, and other trading costs remain unknown.
Yet, there’s no information about the company owner or a license, and the headquarters is offshore. Thus, we wouldn’t call their investor community well-informed or well-satisfied, as a matter of fact.
This company never gained an FCA license and didn’t provide any valuable trading tools.
While the initial deposit is relatively high, starting at $500, the broker lures clients into investing, offering a reputable platform – MT5. Despite the quality of this trading software, Antrush broker has no other perks, and you have no money-back guarantee.
However, in-depth research showed us that the broker is banned by the Canadian OSC, BCSC, and New Zealand FMA.
We have nothing on the company owner or the headquarters, so we’re pretty sure there’s no regulation either. We advise you to avoid this bogus broker as you should do with all others on this list.
The firm is owned by a shell company with headquarters in the Marshall Islands and allegedly has offices in Germany. Yet, it has no financial regulations or anything to support this statement.
Thus, it’s clear that you should stay away from this illicit company.
However, it doesn’t have a regulation either and belongs to Athens Markets LTD, registered in the Marshall Islands. All of this indicates that you will have no guarantee for your funds.
This is the only country without a financial regulator ever since the FSA decided to act as a register and direct brokers to opt for a license in the country of service.
The initial deposit is $2,500, and there’s no Demo account, so you will be forced to invest right away.
Currently, the domain is inactive and we cannot say whether it’s temporary or if the scammer ran with all the funds.
Another disturbing thing here is that the broker claims to belong under the law of Saint Vincent and the Grenadines, and we have already elaborated on the issue of this matter.
While trading conditions may look appealing with the 5 major asset groups and high leverage, this firm is a secure way to lose your funds.
The owner of the scam is Uncanny Services LLC and is not registered with any financial authority body.
This investment brokerage has already vanished after the Italian regulator CONSOB issued an official warning. Up to this day, clients are contacting us trying to get their funds back from this scam.
If we checked only the year 2021 and the register of Saint Vincent and the Grenadines, it would be enough to fill this entire list.
There’s a basic WebTrader, no regulation, and no funds safety.
The Italian warning list directed us towards TradeBaionics.com, an anonymous trading fraud. The firm didn’t disclose any basic information while requiring investors to pay and risk $500.
Both of these firms have no financial license and offer deposit bonuses against regulatory rules. In addition, both provide unregulated trading conditions, including leverage a lot higher than allowed in the EU, UK, or any other country.
The broker has two entities, one in Sweden and one in Vanuatu. The offshore one goes without regulation, and there are no questions asked. However, the Swedish entity is registered with the FI as a business but doesn’t belong under its supervision. Practically, you have no money-back guarantee if something goes wrong.
Since Poland is an EU country, the broker should have a license from the KNF or any other EU regulator. Upon research, we proved that the firm is illicit and clients’ funds are at risk.
All in all, investing your funds with this brokerage is equal to putting all on roulette.
The brand belongs to Shenanigans Consulting LTD from Saint Vincent and the Grenadines and has no regulations.
Thus, you have no reason to risk your funds with this particular firm.
Before investing, ensure to check the broker and whether or not it has a valid regulation. It will change the outcome of your investment process.
The German Federal Crime Police started an official investigation against the firm.
There are more and more fraudulent firms every month. As you can tell from our list, some fresh brokers have already disappeared, and others will take their place.
Therefore, our work is not done. We will keep searching and exposing scammers and assisting their victims seek justice. Don’t let any unlicensed firm defraud you and vanish. Ensure that you’re up to date with all the market warnings and that you invest your funds only with regulated firms.
Keep up with our work, and come back next month to see a complete list of new schemes we uncovered. We take our job seriously, and you should take it too.
Report a scam before it’s too late, and let us assist you in getting a refund. Taking the first step is hard, but necessary.