Connect with us

Review

Australian Dollar gains ground on hawkish RBA, Nonfarm Payrolls awaited

Published

on

  • The Australian Dollar rises on hawkish sentiment surrounding the RBA prolonging higher interest rates.
  • Australia’s central bank is expected to maintain its current rate at 4.35% until the end of September.
  • US Nonfarm Payrolls is expected to print a reading of 243K for April, compared to 303K prior.

The Australian Dollar (AUD) continues its winning streak for the third successive session on Friday. The hawkish sentiment surrounding the Reserve Bank of Australia (RBA) bolsters the strength of the Aussie Dollar, consequently, underpinning the AUD/USD pair.

Australia’s central bank is expected to maintain its key policy rate at 4.35% for a fourth consecutive meeting on Tuesday, and likely until the end of September, as per a Reuters poll of economists. These economists predict only one interest rate cut this year. The higher-than-expected domestic inflation data released last week has raised expectations that the RBA may delay interest rate cuts.

The US Dollar Index (DXY), which gauges the performance of the US Dollar (USD) against six major currencies, remains under pressure following the dovish comments from US Federal Reserve (Fed) Chairman Jerome Powell after Wednesday’s decision to maintain interest rate range of 5.25%-5.50%. Powell’s dismissal of the possibility of another rate hike has contributed to the USD’s weakening.

Market attention has now turned to the US employment data for April, scheduled for later on Friday, which includes Average Hourly Earnings, Nonfarm Payrolls, and ISM Services PMI. These releases are expected to offer additional insights into the condition of the United States (US) economy.

Daily Digest Market Movers: Australian Dollar appreciates due to positive market sentiment

  • The Judo Bank Australia Composite Purchasing Managers Index (PMI) declined to 53.0 in April from the previous reading of 53.3. This indicates a slightly slower growth in Australian private sector output. The growth in business activity was mainly confined to the service sector while manufacturing output continued to decrease. Specifically, the Services PMI fell to 53.6 from 54.4 in the previous month.
  • The ASX 200 Index saw gains for the second consecutive session on Friday, propelled by positive movements on Wall Street overnight. These gains were driven by reassurances from the US Federal Reserve, which dismissed concerns about another interest rate hike.
  • US Initial Jobless Claims data reported that the number of individuals claiming unemployment benefits remained unchanged from the previous week at 208K for the week ending April 26. This figure stays at the lowest level in two months and is notably below market expectations of 212K, potentially providing the Federal Reserve with the flexibility to postpone interest rate cuts.
  • US Nonfarm Productivity rose by 0.3% in the first quarter, following an upwardly revised 3.5% increase in the previous quarter and falling short of the expected increase of 0.8%. It was the weakest pace of productivity increase since the January-March quarter in 2023.
  • On Thursday, Australia’s Trade Balance (MoM) data posted a surplus, however, it was lower than market expectations for April. Additionally, Building Permits data showed an increase in the number of permits for new construction projects in March, albeit falling short of expectations.
  • Federal Reserve Chairman Jerome Powell highlighted that progress on inflation has recently stalled, suggesting that it would take more time than previously anticipated before the Fed could confidently expect inflation to approach its 2% target. Powell mentioned that if robust hiring persisted and inflation remained stagnant, it would justify delaying rate cuts.
  • According to the CME FedWatch Tool, the probability of the Federal Reserve keeping interest rates within their current range of 5.25%-5.50% during the June meeting has decreased to 85.8%, down from 90.0% a week ago. Conversely, the likelihood of a 25-basis point rate cut has increased to 14.2% from 9.7% compared to a week ago.

Technical Analysis: Australian Dollar could test the psychological level of 0.6600

The Australian Dollar trades around 0.6570 on Friday. The pair is positioned in a symmetrical triangle pattern, with the 14-day Relative Strength Index (RSI) above the 50-level, indicating a bullish bias.

The AUD/USD pair might test the psychological level of 0.6600, followed by the upper boundary around the level of 0.6630. A breakthrough above this level could lead the pair to explore the region around March’s high of 0.6667.

On the downside, the AUD/USD pair could move toward the nine-day Exponential Moving Average (EMA) at 0.6528, followed by the lower boundary of the symmetrical triangle around the psychological level of 0.6500. A break below the latter could exert pressure on the pair to test the throwback support at the 0.6480 level.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Review

BTCap Review (btcap.io Fraud) – Unregulated Broker

Published

on

By

Read our BTCap review to see why we do not recommend this broker for trading. Just to clear doubts, this is btcap.io. If you have any questions or need advice about the withdrawal process, feel free to contact us at Legitreviews2023@gmail.com.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as these kinds of websites are notoriously famous for scamming schemes.

So BTCap is just another unregulated forex broker, which means the customers are not protected, and it is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

In today’s forex market flooded with scam brokers, traders must tread every online financial trading company carefully. You must be particularly aware of shady brokerage firms like BTCap that are anonymous, do not hold any trading credentials, and provide poor services based on deception. 

If you have come across the BTCap broker, you will soon realize how fraudulent this company is. So, continue with our BTCap review for more information about this investment scam.

On top of that, we seriously recommend you not invest in the fake brokers BCH Advance, iToroStocks, and WiseFXPro. Do not trade with these unlicensed brokers if you want to save your money!

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:N/A
Owned by:N/A
Headquarters Country:Australia
Foundation year:2022
Supported Platforms:Web Trader
Minimum Deposit:2,500 USD
Cryptocurrencies:Yes (Bitcoin, Litecoin, Ripple)
Types of Assets:Cryptocurrencies, Forex
Maximum Leverage:1:100
Free Demo Account:No
Accepts US clients:No

How does it work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawal process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist on withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.

First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Contact us at Legitreviews2023@gmail.com but do not let your broker know if you have read this article or are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step, you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that, you can prepare a letter or an email describing how you got deceived by them. Make sure you show this letter or email to them and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach us at Legitreviews2023@gmail.com and we will help you with this step as well.

Is BTCap a Licensed Forex Broker?

Forex trading is a heavily controlled industry by financial regulatory agencies closely cooperating with governments and ensuring that every broker complies with relevant legislation. 

When a phony broker like BTCap doesn’t state its headquarters or any information about the company’s registration, it is hard to determine its jurisdiction. This is done with the purpose to cover up the fact that it is an unlicensed and unregulated business. 

The only info about BTCap available on its website is a telephone number, which is an Australian phone number according to the dialing code. That brings us to the assumption that this broker might be based in Australia, which is one of the most stringent jurisdictions.

If it is the case, it is impossible to be a legitimate broker without being authorized by the Australian financial authority, ASIC. Not unexpectedly, BTCap is not licensed under this or any other financial market regulatory agency.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Unlike unauthorized brokers, certified companies can be trusted with money since they adhere to a strict code of conduct – especially forex providers regulated by top-level supervisory bodies like the Australian ASIC, British FCA, and German BaFin. For example, ASIC’s eligibility conditions stipulate a broker maintain a minimum operating capital of 1M AUD and keep its and traders’ money separated (segregation of funds). 

Additionally, traders of licensed brokers are protected by indemnification programs run by supervisory agencies. For example, ASIC covers traders with a 100,000 AUD indemnification in the event of a broker’s bankruptcy. On top of that, legitimate companies implement a range of risk management measures to mitigate trading risks, such as offering negative balance protection (a trader can lose more than deposited), cooperating with first-rate banks, providing reliable trading platforms, and ensuring propitious trading conditions.

So Is BTCap a Decent Broker or a Scam?

BTCap is an anonymous and unregulated broker running online trading scams and cheating traders from the UK, Canada, Australia, the US, and Sweden.

What Trading Software Does BTCap Offer?

Speaking of the BTCap portal, a trading platform available here,  it is a web trader with limited functionality. This unscrupulous broker claims that its web trader fits the needs of both beginners and experienced traders. However, we are dubious about that since it has generic functions that can’t ensure profitable trading. 

As far as that is concerned, your best option is the latest trading programs – MetaTrader 4, MetaTrader 5, cTrader, and Sirix – providing advanced tools such as expert advisors, stop loss, fast execution, unlimited pending orders, copy trading, and more.

Make sure you leave reviews about BTCap on other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you have fallen victim please leave a review and a comment on this site in the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know by contacting us. That would be really appreciated by us and families all over the world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

BTCap Review Conclusions

Making the BTCap review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter before you perform any transaction. We hope that our BTCap review has been helpful to you. If you have any questions or you need advice about the withdrawing process, feel free to contact us at Legitreviews2023@gmail.com.

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulations, please be aware of the risk!

BTCap unconvincingly claims to be a “world-leading broker” with years of experience and numerous awards. The low quality of the website, the conflicting information and the missing credentials suggest that these boasts cannot be true. Fact-checking quickly reveals that BTCap is indeed just another scam website trying to cash in on the hype around cryptocurrencies and the general public’s ignorance about financial markets.

Broker nameBTCap
TRUSTED?UNREGULATED SCAM BROKER 100%
Regulation No
Minimum Deposit$1
Leverage 1:200
Trading platformsweb
Available assetsforex, indices, shares, bonds, energies
  


CUSTOMER REVIEW – Identity Hidden
BTCap is a scam broker, I have deposited 8500 USD and made a profit of 4000 USD in a day. this scam broker is not giving me a withdrawal and today dated 27.04.2021 they have blown my account intentionally so cannot ask for a withdrawal. this totally B Book broker without liquidity bridging( there is no bank with this broker)

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at Legitreviews2023@gmail.com but do not let your broker know they you read this article or that you are in contact with us.

HOW DOES THE SCAM WORK

The idea of passive income is increasingly attractive to more and more people. The Internet gives the impression that making money through investments in the financial markets is more accessible than ever to non-experts. But the online space is full of scammers who lure inexperienced wannabe traders through flashy advertisements and fake testimonials from satisfied clients. However, these fake brokers don’t really invest the money you give them – even though they very confidently assure you that you are generating great profits and should invest even more.

But when you try to withdraw some of your supposed winnings or deposit, it turns out to be impossible. Scammers will tell you that a sudden change in the market has wiped out all your money, or point you to vague clauses in the Terms and Conditions that require a huge minimum volume traded. The victim of such a scam may also be surprised by hidden fees and taxes amounting to tens of percentages of their funds.

Holding fraudsters accountable is difficult because they operate through uncontrolled and unregulated offshore companies. In addition, scammers require that you provide them with a copy of your ID and proof of address so that they can claim that all transactions were voluntary and agreed upon by both parties.

REASONS WHY BTCap is a completely Fake, Unreliable and scam forex broker?

1. A guarantee of success and/or large profits – BTCap scam broker

Nothing about the market, specifically the forex market, can be guaranteed. This market is influenced by too many factors that can change at any moment. So if someone is boasting of guaranteed profits or specific results, they are peddling a scam.

2. No substantial proof or background information on BTCap

It’s very easy to come across pictures of charts showing profits. Scammers are savvy and they will only show profits and not losses within a period of time. In worse cases, they may even show charts from demo trading accounts that aren’t even a reflection of real trading. Do not base your decision to work with someone or purchase a product based on this or any other limited information. Ask for background information and full disclosure of the profits and losses. If they refuse or remain vague, it’s probably a scam.

3. Unsolicited marketing techniques

Unsolicited and persistent marketing is typically a sign of fraudulent behaviour. If you find yourself being pushed to purchase a product or service with little information and time, it may be an attempt to scam you. Be particularly cautious if they begin to ask for personal information that can be used for things like identity theft. If it feels uncomfortable and pushy, avoid it.

BTCap Review Conclusions

Making the BTCap review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter before you perform any transaction. We hope that our BTCap review has been helpful to you. If you have any questions or you need advice about the withdrawal process, feel free to contact us at Legitreviews2023@gmail.com.

Continue Reading

Review

Bemo Investment Firm Ltd Review (Bemoinvestmentfirmltd.vip)

Published

on

By

Read our Bemo Investment Firm Ltd review to see why we do not recommend this broker for trading. Just to clear doubts, this is Bemoinvestmentfirmltd.vip. If you have any questions or need advice about the withdrawal process, feel free to contact us at Legitreviews2023@gmail.com.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as these kinds of websites are notoriously famous for scamming schemes.

So Bemo Investment Firm Ltd is just another unregulated forex broker, which means the customers are not protected, and it is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

In today’s forex market flooded with scam brokers, traders must tread every online financial trading company carefully. You must be particularly aware of shady brokerage firms like Bemo Investment Firm Ltd that are anonymous, do not hold any trading credentials, and provide poor services based on deception. 

If you have come across the Bemo Investment Firm Ltd broker, you will soon realize how fraudulent this company is. So, continue with our Bemo Investment Firm Ltd review for more information about this investment scam.

On top of that, we seriously recommend you not invest in the fake brokers BCH Advance, iToroStocks, and WiseFXPro. Do not trade with these unlicensed brokers if you want to save your money!

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:N/A
Owned by:N/A
Headquarters Country:Australia
Foundation year:2022
Supported Platforms:Web Trader
Minimum Deposit:2,500 USD
Cryptocurrencies:Yes (Bitcoin, Litecoin, Ripple)
Types of Assets:Cryptocurrencies, Forex
Maximum Leverage:1:100
Free Demo Account:No
Accepts US clients:No

How does it work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawal process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist on withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.

First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Contact us at Legitreviews2023@gmail.com but do not let your broker know if you have read this article or are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step, you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that, you can prepare a letter or an email describing how you got deceived by them. Make sure you show this letter or email to them and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach us at Legitreviews2023@gmail.com and we will help you with this step as well.

Is Bemo Investment Firm Ltd a Licensed Forex Broker?

Forex trading is a heavily controlled industry by financial regulatory agencies closely cooperating with governments and ensuring that every broker complies with relevant legislation. 

When a phony broker like Bemo Investment Firm Ltd doesn’t state its headquarters or any information about the company’s registration, it is hard to determine its jurisdiction. This is done with the purpose to cover up the fact that it is an unlicensed and unregulated business. 

The only info about Bemo Investment Firm Ltd available on its website is a telephone number, which is an Australian phone number according to the dialing code. That brings us to the assumption that this broker might be based in Australia, which is one of the most stringent jurisdictions.

If it is the case, it is impossible to be a legitimate broker without being authorized by the Australian financial authority, ASIC. Not unexpectedly, Bemo Investment Firm Ltd is not licensed under this or any other financial market regulatory agency.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Unlike unauthorized brokers, certified companies can be trusted with money since they adhere to a strict code of conduct – especially forex providers regulated by top-level supervisory bodies like the Australian ASIC, British FCA, and German BaFin. For example, ASIC’s eligibility conditions stipulate a broker maintain a minimum operating capital of 1M AUD and keep its and traders’ money separated (segregation of funds). 

Additionally, traders of licensed brokers are protected by indemnification programs run by supervisory agencies. For example, ASIC covers traders with a 100,000 AUD indemnification in the event of a broker’s bankruptcy. On top of that, legitimate companies implement a range of risk management measures to mitigate trading risks, such as offering negative balance protection (a trader can lose more than deposited), cooperating with first-rate banks, providing reliable trading platforms, and ensuring propitious trading conditions.

So Is Bemo Investment Firm Ltd a Decent Broker or a Scam?

Bemo Investment Firm Ltd is an anonymous and unregulated broker running online trading scams and cheating traders from the UK, Canada, Australia, the US, and Sweden.

What Trading Software Does Bemo Investment Firm Ltd Offer?

Speaking of the Bemo Investment Firm Ltd portal, a trading platform available here,  it is a web trader with limited functionality. This unscrupulous broker claims that its web trader fits the needs of both beginners and experienced traders. However, we are dubious about that since it has generic functions that can’t ensure profitable trading. 

As far as that is concerned, your best option is the latest trading programs – MetaTrader 4, MetaTrader 5, cTrader, and Sirix – providing advanced tools such as expert advisors, stop loss, fast execution, unlimited pending orders, copy trading, and more.

Make sure you leave reviews about Bemo Investment Firm Ltd on other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you have fallen victim please leave a review and a comment on this site in the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know by contacting us. That would be really appreciated by us and families all over the world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

Bemo Investment Firm Ltd Review Conclusions

Making the Bemo Investment Firm Ltd review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter before you perform any transaction. We hope that our Bemo Investment Firm Ltd review has been helpful to you. If you have any questions or you need advice about the withdrawing process, feel free to contact us at Legitreviews2023@gmail.com.

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulations, please be aware of the risk!

Bemo Investment Firm Ltd unconvincingly claims to be a “world-leading broker” with years of experience and numerous awards. The low quality of the website, the conflicting information and the missing credentials suggest that these boasts cannot be true. Fact-checking quickly reveals that Bemo Investment Firm Ltd is indeed just another scam website trying to cash in on the hype around cryptocurrencies and the general public’s ignorance about financial markets.

Broker nameBemo Investment Firm Ltd
TRUSTED?UNREGULATED SCAM BROKER 100%
Regulation No
Minimum Deposit$1
Leverage 1:200
Trading platformsweb
Available assetsforex, indices, shares, bonds, energies
  


CUSTOMER REVIEW – Identity Hidden
Bemo Investment Firm Ltd is a scam broker, I have deposited 8500 USD and made a profit of 4000 USD in a day. this scam broker is not giving me a withdrawal and today dated 27.04.2021 they have blown my account intentionally so cannot ask for a withdrawal. this totally B Book broker without liquidity bridging( there is no bank with this broker)

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at Legitreviews2023@gmail.com but do not let your broker know they you read this article or that you are in contact with us.

HOW DOES THE SCAM WORK

The idea of passive income is increasingly attractive to more and more people. The Internet gives the impression that making money through investments in the financial markets is more accessible than ever to non-experts. But the online space is full of scammers who lure inexperienced wannabe traders through flashy advertisements and fake testimonials from satisfied clients. However, these fake brokers don’t really invest the money you give them – even though they very confidently assure you that you are generating great profits and should invest even more.

But when you try to withdraw some of your supposed winnings or deposit, it turns out to be impossible. Scammers will tell you that a sudden change in the market has wiped out all your money, or point you to vague clauses in the Terms and Conditions that require a huge minimum volume traded. The victim of such a scam may also be surprised by hidden fees and taxes amounting to tens of percentages of their funds.

Holding fraudsters accountable is difficult because they operate through uncontrolled and unregulated offshore companies. In addition, scammers require that you provide them with a copy of your ID and proof of address so that they can claim that all transactions were voluntary and agreed upon by both parties.

REASONS WHY Bemo Investment Firm Ltd is a completely Fake, Unreliable and scam forex broker?

1. A guarantee of success and/or large profits – Bemo Investment Firm Ltd scam broker

Nothing about the market, specifically the forex market, can be guaranteed. This market is influenced by too many factors that can change at any moment. So if someone is boasting of guaranteed profits or specific results, they are peddling a scam.

2. No substantial proof or background information on Bemo Investment Firm Ltd

It’s very easy to come across pictures of charts showing profits. Scammers are savvy and they will only show profits and not losses within a period of time. In worse cases, they may even show charts from demo trading accounts that aren’t even a reflection of real trading. Do not base your decision to work with someone or purchase a product based on this or any other limited information. Ask for background information and full disclosure of the profits and losses. If they refuse or remain vague, it’s probably a scam.

3. Unsolicited marketing techniques

Unsolicited and persistent marketing is typically a sign of fraudulent behaviour. If you find yourself being pushed to purchase a product or service with little information and time, it may be an attempt to scam you. Be particularly cautious if they begin to ask for personal information that can be used for things like identity theft. If it feels uncomfortable and pushy, avoid it.

Bemo Investment Firm Ltd Review Conclusions

Making the Bemo Investment Firm Ltd review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter before you perform any transaction. We hope that our Bemo Investment Firm Ltd review has been helpful to you. If you have any questions or you need advice about the withdrawal process, feel free to contact us at Legitreviews2023@gmail.com.

Continue Reading

Review

Maxwell Solutions Holding Review (maxwellsolutionsholding.com Fraud)

Published

on

By

Read our Maxwell Solutions Holding review to see why we do not recommend this broker for trading. Just to clear doubts, this is maxwellsolutionsholding.com. If you have any questions or need advice about the withdrawal process, feel free to contact us at Legitreviews2023@gmail.com.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as these kinds of websites are notoriously famous for scamming schemes.

So Maxwell Solutions Holding is just another unregulated forex broker, which means the customers are not protected, and it is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

In today’s forex market flooded with scam brokers, traders must tread every online financial trading company carefully. You must be particularly aware of shady brokerage firms like Maxwell Solutions Holding that are anonymous, do not hold any trading credentials, and provide poor services based on deception. 

If you have come across the Maxwell Solutions Holding broker, you will soon realize how fraudulent this company is. So, continue with our Maxwell Solutions Holding review for more information about this investment scam.

On top of that, we seriously recommend you not invest in the fake brokers BCH Advance, iToroStocks, and WiseFXPro. Do not trade with these unlicensed brokers if you want to save your money!

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Blacklisted as a Scam by:N/A
Owned by:N/A
Headquarters Country:Australia
Foundation year:2022
Supported Platforms:Web Trader
Minimum Deposit:2,500 USD
Cryptocurrencies:Yes (Bitcoin, Litecoin, Ripple)
Types of Assets:Cryptocurrencies, Forex
Maximum Leverage:1:100
Free Demo Account:No
Accepts US clients:No

How does it work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawal process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist on withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.

First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Contact us at Legitreviews2023@gmail.com but do not let your broker know if you have read this article or are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step, you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that, you can prepare a letter or an email describing how you got deceived by them. Make sure you show this letter or email to them and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach us at Legitreviews2023@gmail.com and we will help you with this step as well.

Is Maxwell Solutions Holding a Licensed Forex Broker?

Forex trading is a heavily controlled industry by financial regulatory agencies closely cooperating with governments and ensuring that every broker complies with relevant legislation. 

When a phony broker like Maxwell Solutions Holding doesn’t state its headquarters or any information about the company’s registration, it is hard to determine its jurisdiction. This is done with the purpose to cover up the fact that it is an unlicensed and unregulated business. 

The only info about Maxwell Solutions Holding available on its website is a telephone number, which is an Australian phone number according to the dialing code. That brings us to the assumption that this broker might be based in Australia, which is one of the most stringent jurisdictions.

If it is the case, it is impossible to be a legitimate broker without being authorized by the Australian financial authority, ASIC. Not unexpectedly, Maxwell Solutions Holding is not licensed under this or any other financial market regulatory agency.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Unlike unauthorized brokers, certified companies can be trusted with money since they adhere to a strict code of conduct – especially forex providers regulated by top-level supervisory bodies like the Australian ASIC, British FCA, and German BaFin. For example, ASIC’s eligibility conditions stipulate a broker maintain a minimum operating capital of 1M AUD and keep its and traders’ money separated (segregation of funds). 

Additionally, traders of licensed brokers are protected by indemnification programs run by supervisory agencies. For example, ASIC covers traders with a 100,000 AUD indemnification in the event of a broker’s bankruptcy. On top of that, legitimate companies implement a range of risk management measures to mitigate trading risks, such as offering negative balance protection (a trader can lose more than deposited), cooperating with first-rate banks, providing reliable trading platforms, and ensuring propitious trading conditions.

So Is Maxwell Solutions Holding a Decent Broker or a Scam?

Maxwell Solutions Holding is an anonymous and unregulated broker running online trading scams and cheating traders from the UK, Canada, Australia, the US, and Sweden.

What Trading Software Does Maxwell Solutions Holding Offer?

Speaking of the Maxwell Solutions Holding portal, a trading platform available here,  it is a web trader with limited functionality. This unscrupulous broker claims that its web trader fits the needs of both beginners and experienced traders. However, we are dubious about that since it has generic functions that can’t ensure profitable trading. 

As far as that is concerned, your best option is the latest trading programs – MetaTrader 4, MetaTrader 5, cTrader, and Sirix – providing advanced tools such as expert advisors, stop loss, fast execution, unlimited pending orders, copy trading, and more.

Make sure you leave reviews about Maxwell Solutions Holding on other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you have fallen victim please leave a review and a comment on this site in the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know by contacting us. That would be really appreciated by us and families all over the world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

Maxwell Solutions Holding Review Conclusions

Making the Maxwell Solutions Holding review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter before you perform any transaction. We hope that our Maxwell Solutions Holding review has been helpful to you. If you have any questions or you need advice about the withdrawing process, feel free to contact us at Legitreviews2023@gmail.com.

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulations, please be aware of the risk!

Maxwell Solutions Holding unconvincingly claims to be a “world-leading broker” with years of experience and numerous awards. The low quality of the website, the conflicting information and the missing credentials suggest that these boasts cannot be true. Fact-checking quickly reveals that Maxwell Solutions Holding is indeed just another scam website trying to cash in on the hype around cryptocurrencies and the general public’s ignorance about financial markets.

Broker nameMaxwell Solutions Holding
TRUSTED?UNREGULATED SCAM BROKER 100%
Regulation No
Minimum Deposit$1
Leverage 1:200
Trading platformsweb
Available assetsforex, indices, shares, bonds, energies
  


CUSTOMER REVIEW – Identity Hidden
Maxwell Solutions Holding is a scam broker, I have deposited 8500 USD and made a profit of 4000 USD in a day. this scam broker is not giving me a withdrawal and today dated 27.04.2021 they have blown my account intentionally so cannot ask for a withdrawal. this totally B Book broker without liquidity bridging( there is no bank with this broker)

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at Legitreviews2023@gmail.com but do not let your broker know they you read this article or that you are in contact with us.

HOW DOES THE SCAM WORK

The idea of passive income is increasingly attractive to more and more people. The Internet gives the impression that making money through investments in the financial markets is more accessible than ever to non-experts. But the online space is full of scammers who lure inexperienced wannabe traders through flashy advertisements and fake testimonials from satisfied clients. However, these fake brokers don’t really invest the money you give them – even though they very confidently assure you that you are generating great profits and should invest even more.

But when you try to withdraw some of your supposed winnings or deposit, it turns out to be impossible. Scammers will tell you that a sudden change in the market has wiped out all your money, or point you to vague clauses in the Terms and Conditions that require a huge minimum volume traded. The victim of such a scam may also be surprised by hidden fees and taxes amounting to tens of percentages of their funds.

Holding fraudsters accountable is difficult because they operate through uncontrolled and unregulated offshore companies. In addition, scammers require that you provide them with a copy of your ID and proof of address so that they can claim that all transactions were voluntary and agreed upon by both parties.

REASONS WHY Maxwell Solutions Holding is a completely Fake, Unreliable and scam forex broker?

1. A guarantee of success and/or large profits – Maxwell Solutions Holding scam broker

Nothing about the market, specifically the forex market, can be guaranteed. This market is influenced by too many factors that can change at any moment. So if someone is boasting of guaranteed profits or specific results, they are peddling a scam.

2. No substantial proof or background information on Maxwell Solutions Holding

It’s very easy to come across pictures of charts showing profits. Scammers are savvy and they will only show profits and not losses within a period of time. In worse cases, they may even show charts from demo trading accounts that aren’t even a reflection of real trading. Do not base your decision to work with someone or purchase a product based on this or any other limited information. Ask for background information and full disclosure of the profits and losses. If they refuse or remain vague, it’s probably a scam.

3. Unsolicited marketing techniques

Unsolicited and persistent marketing is typically a sign of fraudulent behaviour. If you find yourself being pushed to purchase a product or service with little information and time, it may be an attempt to scam you. Be particularly cautious if they begin to ask for personal information that can be used for things like identity theft. If it feels uncomfortable and pushy, avoid it.

Maxwell Solutions Holding Review Conclusions

Making the Maxwell Solutions Holding review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter before you perform any transaction. We hope that our Maxwell Solutions Holding review has been helpful to you. If you have any questions or you need advice about the withdrawal process, feel free to contact us at Legitreviews2023@gmail.com.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.