Fighting online scams since 2013 Thu, 17 Jan 2019 08:59:49 +0000 en-US hourly 1 Regulators warn against six new unregulated services Thu, 17 Jan 2019 08:59:49 +0000 Authorities from Germany and the United Kingdom have published alerts about brokers that don’t respect the laws.

The FCA from the UK and the BaFin from Germany have warned against the following Forex and cryptocurrency brokers.

These companies offer investment services, but are not regulated, they have no authorization. This means, among other things, that deposits are not protected with them.

  • CFFDbank
  • MarketGBP
  • Capital Traders
  • FXtrade777
  • Bitprofiting
  • Bitcoin FX Option / BitFXmarket

For trading use regulated brokers only.

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VOMIT SCAM: Adflippers review Wed, 16 Jan 2019 15:39:48 +0000 AdFlippers websiteCheck this review to understand how the Adflippers scam works and how they will steal your money.

Adflippers is supposed to be an online advertisement platform which allows you to buy banners and earn money with them.

The promotional video says you can make thousands of dollars per day, while the membership in the Adflippers group is free. Seriously?

Adflippers scam

The truth is that Adflippers is just a scam like many others that are in the advertisement niche. Other scams with the same offer are for example AD Formula, Crowd Millionaire or Secret Investor Society.

Fake reviews

The article is fakeIn the Adflippers’ video you will see some articles that are supposed to prove that this program is working and paying. But all the articles are fake.

For example, the one from the New York Times, as you can see on our picture, NYT never published a single work about this program.

Fake testimonials

Paid actorAnother fake thing in the Adlfippers’ video is testimonials. Three people are endorsing the program and saying it changed their lives.

But they all lie, they are paid actors who just say what they are paid for. They have never earned a single cent with this platform.

How it really works

Click2sell scamIt’s true that advertisers pay for click on their banners. However, in order to get paid you have to have a website with good traffic, so that advertisers get interested in placing their banners on your website and pay you for visitors you send them.

Adflippers is just a scam, you cannot buy banners that will generate you money. They are selling fake ads that will never get displayed on real websites, they will just steal your money like all other scams the we have mentioned above.

After registering you will be required by Adflippers to buy a fake banner package for at least $200 via the Click2sell scam platform, and this is how they get your money.


Adflippers is a scam, they use fake banners to take money away from you, don’t send them anything! It is not possible to make money by buying banners.

If you want to try real financial trading, do it on a free demo account with a regulated broker.

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CNMV exposes 22 new unregulated investment offers Wed, 16 Jan 2019 14:52:33 +0000 The Spanish financial regulator CNMV made a big update of its black list.

CNMV added to its black list mostly Spanish investment websites that are specific to their domestic market and not regulated.

However, there are also some brokers and investment projects that are international and worth warning against on our website:

  • DAX 300
  • ProFXpremium
  • Trade111
  • TradeX1
  • CFD Premium
  • Airbit Club
  • Crypto Iberian
  • Crypto Mining Farm

The above-mentioned websites offer investment services without being authorized to do so.

For trading we recommend using regulated brokers only.

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WARNING: Coinoptions Trade, Eurotrade Investments and World Trust Invest are not regulated Tue, 15 Jan 2019 15:51:07 +0000 CySEC, the financial regulator from Cyprus, has exposed three investment services that are providing fake information.

Coinoptions Trade

Coinoptions TradeCoinoptions Trade is an investment service. The company allegedly invests into cryptocurrencies and make profits.

You can participate in several programs with returns up to 100% within one month. This alone makes it look like a scam.

This suspicion is confirmed, because CoinOptions Trade is lying. It says it is regulated by the CySEC, but it is not, it is an unregulated and illegal investment service.

EuroTrade Investments

EuroTrade InvestmentsEuroTrade Investments is an investment company. The website is available only in Spanish.

The company claims to have offices in Span, Hong Kong, USA and Cyprus. It also says it is regulated by the CySEC.

But it is not true, EuroTrade Investments is not regulated in Cyprus nor anywhere else.

World Trust Invest

World Trust Invest is another company offering an investment program in combination with a referral program.

The program is allegedly run by a company called WTI Capital Holdings. World Trust Invest claims to by regulated in Cyprus by the CySEC, but again, it is not true, it is not regulated at all.


Coinoptions Trade, Eurotrade Investments and World Trust Invest are not regulated, they are lying about their licenses, stay away from them!

If you want to trade financial markets, do it with a regulated broker.

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BEWARE of XRP Classic – scam review Tue, 15 Jan 2019 10:16:40 +0000 XRP ClassicThis is a warning, don’t invest any money into XRP Classic (XRPC).

XRP Classic is a project with a very confusing presentation. At one place you can read that it is a content management system, another place says that it is an auto trading system and also a trading signals provider.

What is the XRPC token really about?

XRP Classic scam

XRP Classic is an obvious scam that has to be avoided. Here is why.

Not XRP nor Ripple related

No informationXRP Classic uses a logo that belongs to the company Ripple and has no right to do so. XRP Classic is not associated in any way with Ripple.

Also, XRP Classic has nothing to do with real XRP, the second biggest cryptocurrency. In fact, XRPC is not even issued on the XRP Ledger, it is just an ERC20 token issued on the Ethereum network.

XRP Classic is clearly trying to take advantage of Ripple’s and XRP’s good reputation, but it has nothing in common with them.

Illegal offer?

Trading serviceShould XRP Classic really provide a trading system and trading signals, it is an investment service that needs a licence from financial regulators.

But XRP Classic is totally anonymous, it is not even clear who runs the project (someone from Bangladesh?), so it is not regulated in any way.

The website is half-baked, a lot info is missing or confusing. It is not something you should even consider investing your money into.


XRP Classic is a scam that has nothing to do with the real XRP or Ripple. Stay away from it!

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LONG TERM SCAM: DER Global review Mon, 14 Jan 2019 16:33:47 +0000 DER Global scamThis review should serve as a warning against the DER Global investment program.

DER Global Limited is supposed to be British company that specializes in trading securities and cryptocurrencies.

The company offers several trading plans with returns up to 6500% after 90 days, principal included. This means 2,133% net per month. Seriously?

DER Global scam

Nobody should believe that it is possible to multiply money 21 times in a month. It just is not possible, no matter the industry, financial trading is not an exception.

Therefore, any company offering thousands of percent per month must be a scam, unfortunately there is no other possibility. So, it is crystal clear that DER Global is a scam.

Shady company

The company is shadyDER Global is a company registered in the UK, but only since October 2018. But the investment program supposedly is running since 2017, so something is not right.

The most important thing is that DER Global lacks a regulatory approval to provide investment services, it is not authorized by the Financial Conduct Authority to provide investment services.


DER Global is an illegal investment scheme working as a Ponzi scheme. Stay away from it!

If you want to do financial trading, start on a free demo with a regulated broker.

You should learn and build a strategy before you start thinking of trading with real money.

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WARNING, TFXgo is an unauthorized broker Mon, 14 Jan 2019 15:49:04 +0000 TFXgo brokerThis review explains why you should not trade financial markets with the broker TFXgo (TFX).

TFXgo is a typical broker that offers trading with cryptocurrencies, currencies, commodities, stocks and indices.

It uses the Metatrader and an online web-based trading platform. The website of the broker shows only three types of trading accounts with the minimum deposit being 10,000 pounds, but we believe there are also other accounts with lower minimum deposits.

TFXgo is allegedly run by a British company CHFB Limited that is based in London.

TFXgo problems

We see several red flags with this TFX broker, let’s point out some of them.

Not regulated, shady

Dormant companyAs we already mentioned, according to their website, TFXgo is run by a CHFB Limited. We had a look at the Companies House register and this company exists.

The first problem is that CHFB is a dormant company, so it is not supposed to be active. The second problem is that CHFB is not registered with the Financial Conduct Authority, therefore it is not authorized to provide investment services.

It means that TFXgo is an unregulated and illegal broker.


Date of creationTFXgo mentions on its website that exits since 2015. But it is a lie, the domain was registered only in 2018.

So, the broker is not even one year old and all the numbers about clients, transactions and so on are obviously fake.


TFXgo is an unregulated broker that is lying about its identity, we recommend staying away.

For financial trading use regulated brokers.

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BaFin warns against PrestigeFM, FCA against Live Crypto Mon, 14 Jan 2019 10:07:29 +0000 Regulators from Germany and the UK have published new warnings against unregulated entities.

The German BaFin has place PrestigeFM on its black list. PrestigeFM is an infamous broker that is not respecting laws and is offering investment services without being regulated.

The BaFin ordered PrestigeFM to cease operations in Germany.

The British FCA has warned against Market Gate Coin / Live Crypto. The web of this service is currently offline, but it obviously is a cryptocurrency broker.

The FCA has noted the Live Crypto is using detail of another company, it is an illegal clone.

For trading use regulated brokers.

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TOTAL SCAM: CoinKDJ review Fri, 11 Jan 2019 16:12:07 +0000 CoinDKJ's websiteRead this review to understand that CoinKDJ is a scam that can only lose your money.

CoinKDJ is supposed to be a company that is trading currencies and cryptocurrencies on Forex.

Its trading activities allegedly are producing profits that you can get a share of.

Investment plans offer up to 16% hourly for 20 hours. It means 320 % in less than a day.

CoinKDJ scam

Investment PlanIt should be basic economic knowledge that any investing program offering hundreds of percent per day must a scam, there is no other possibility. Because it is just impossible to generate this kind of profits in real world’s economy.

CoinKDJ is just a scam, an illegal financial game that is collecting money from the public for one and only reason, to enrich people who run it.

No real company

No real firmCoinKDJ displays a company registration from the United Kingdom, but the general rule is that any investment company needs a licence from the Financial Conduct Authority.

CoinKDJ is not licensed by the FCA, so it is an illegal investment program.


Stay away from CoinKDJ, because it is a scam that is here just to take people’s money.

If you want to try real cryptocurrency trading, do it on a free demo with a regulated broker.

You will see and understand what the real possibilities and risks of trading are.

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DARING SCAM: CE Tech Investment review Fri, 11 Jan 2019 15:32:26 +0000 CE Tech Investment's websiteToday we expose another investment scam, it is called Ce Tech Investment.

CE TECH Investment claims to be a private investment company that is focused on cryptocurrencies. It allegedly trades cryptos and also mines them.

It is offering three investment plans to the public with returns up to 400% per 10 days, which equals to 900% net per month. Do we have to say more?

CE Tech Investment scam

Investment plans900% per month is all you need to see to know that CE Tech Investment is a scam. No legit company will be able to multiply your money nine times in a month.

This leaves us with only one possibility, namely that CE Tech Investment is a scam. It obviously works as a Ponzi scheme, which means that it is using deposit to finance withdrawals, which can work only as long deposits exceed withdrawals.

And this situation never last for too long, so every Ponzi scheme collapses in the end, it is just a matter of time.

Fake company

Company is fakeCE Tech Investment shows a company registration from the UK, however it is only a few months old and the company is not registered with the financial regulator FCA.

A licence from the FCA is a duty for every UK company that wants to be providing investment services. CE Tech Investment is not regulated therefore it is illegal.


CE Tech Investment is a typical Ponzi scam that is going to die soon, stay away from it!

If you are interested in real crypto trading, try it first on a free demo account with a regulated broker.

You have to test, learn and gain an understanding of the risks before trading with real money.

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