Review – Fake Website and Crooked Platform Review – Fake Website and Crooked Platform

After analyzing the fraudulent content on, we can say for certain that this brokerage firm is nothing but a hoax. The scam involves a dubious web platform with unrealistic trading conditions.

It seems that the cyber thieves running this scheme are targeting a particular group of traders. Read our entire Review to find out how to avoid becoming a victim.

Regulated by: Unregulated Scam Broker
Is This Company Safe? No, the platform is blacklisted
Known Websites: 
Have Warnings from: AMF Canada
Registered in: N/A
Operating since: 2023-09-14
Trading Platforms: WebTrader
Maximum Leverage: 1:500
Minimum Deposit: 250 USD
Deposit Bonus: 30%-100%
Trading Assets: Forex, Indices, Commodities, Stocks, Cryptocurrencies
Free Demo Account: Unavailable
How to Withdraw from This Company? Since this company is unlikely to return your money – contact your bank, financial or regulator or simply reach out to us for professional assistance in recovering your funds.

Legal Info: Is Regulated?

The broker, i.e. imposter purports to be a reputable Forex, CFD, and crypto trading platform with the best conditions in the market. Yet, the website is missing legal documents.

Yup, there are no terms and conditions. After investigating further, we found that the Canadian Autorité des Marchés Financiers (AMF) issued a warning against this platform on February 13, 2024, due to its unauthorized status. It puts the shady broker in the same bracket as Heptagon Investments

Instead of trusting anonymous and unlicensed phonies, we recommend any regulated firm operating under the supervision of esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Such providers are subject to stringent regulations and must offer clients negative balance protection, segregation of funds in top-tier banks, and, in some cases, compensation schemes.

Who Are’s Targets?

According to WHOIS, the website domain was created on September 14, 2023. Since then, the financial swindlers behind the platform have been targeting mainly unsuspecting traders and investors in the following countries:

  • United Kingdom;
  • Canada;
  • Switzerland;
  • Austria.

All these countries feature renowned regulatory authorities that carefully oversee the markets to prevent digital con artists from conducting fraudulent schemes.

One common rule they all have is that each market participant must obtain the necessary license to operate and provide services to domestic traders. As we mentioned, has no such permit. The broker directly violates regulations by offering leverage higher than allowed in these jurisdictions. 

Trader Reviews – Sharing Experiences

As for reviews by users, we found just six on, which gives the platform an even worse image. The first comment we read was a complaint with the user explaining how the fraudsters deceived his mother.

Recurring themes in the reviews include withdrawal issues and unresponsive customer service. It’s indicative of a shady platform, as was the case with DIFX. Therefore, we urge you to read what users say about a certain provider before investing money. 

Which Trading Platform Is Available?

The trading platform is a classic WebTrader containing elementary tools such as charts, graphs, and indicators, but lacking sophisticated options. It looks awfully rudimental and ineffective. It can easily be manipulated to display fake numbers.

Avoid unreliable web terminals and instead try to find a licensed firm that supports credible third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. 

MT platforms support advanced features such as automated & algorithmic trading, advanced charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution. account types

Account Type Standard Silver Gold VIP
Minimum Deposit 250 USD 2,500 USD 10,000 USD 50,000 USD
Maximum Leverage 1:200 1:300 1:400 1:500
Spreads From 1.5 pips From 1.5 pips From 0.8 pips From 0.0 pips

Leverage, Spreads, Commissions, Demo Account

The maximum available leverage is capped at 1:500, which is significantly more than allowed in top-tier jurisdictions. For instance, brokers cannot offer more than 1:30 to retail clients in Europe or 1:50 in North America.

The minimum deposit is 250 USD, which is not strange. The listed spreads seem realistic but the broker did not disclose the commissions charged for each trading lot. Digital tricksters are known for including hidden fees.

As for the demo account, the website advertises it but there is no such registration option. Red flag! Risk-free demo accounts enable beginners to practice with virtual funds instead of risking real money right away. 

Deposit and Withdrawal Process

The website listed three payment methods that can be used to make a Margin 1 deposit and withdraw generated profits:

  • Credit/debit cards;
  • Wire transfers;
  • Bitcoin.

If you invest in this platform, you are highly unlikely to get that money back on your own. Judging by the reviews, several traders noted withdrawal issues due to the platform’s illicit nature. Should that happen to you, consider potential fund recovery methods.

For MasterCard or VISA credit/debit card payments, users can request a chargeback at the issuing bank within 120 days to get a refund. On the other hand, wire transfers can be reversed via a recall, but only work if the transaction is not yet complete.

Reversing crypto payments is more complex and requires the utilization of advanced software such as CipherTrace, as well as professional help. Fortunately for you, our team can assist you with tracking the stolen digital assets.

Key Facts To Consider About is an unlicensed broker with a dreadful online platform and anonymous background. The main targets of the scheme are British, Canadian, Austrian and Swiss traders. 

We urge you to avoid this provider due to the AMF’s warning. In case you have lost money to the scam, you must seek our professional help to recover your funds! A chargeback is your best option.

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

FAQ Section

What is

A fraudulent website using an online platform to deceive unsuspecting users and steal their honest money.

Is Legit?

No, this broker is not a legitimate provider. The Canadian AMF exposed the scheme a few days ago.

How to Get Money Back From a Financial Fraud?

Consider requesting a chargeback at the bank. We can help you and guide you throughout the process, just give us a call.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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