SelfKings Review: A Complete Breakdown of Trading Features

As, currently, SelfKings is one of the most controversial new brokers on the market, we’ve decided to investigate why so. What happened, and how can you earn such a bad reputation in just a few months from opening? Read our SelfKings review to find out.

What About SelfKings Regulation?

SelfKings appears to be a brand of Xem Cloud Ltd from the Marshall Islands. Since GLOFSA is not entirely known as a firm regulator, it’s no surprise we haven’t found SelfKings regulation not in the Marshall Islands nor anywhere else in the EU. However, there are allegations that this brand is connected with two other fraudulent brands – TrustFina and Cryptansa, both operated by fictitious companies in the same offshore country.

Beware of SelfKings trading scams and always look for a Tier1 licensed brokerage.

In addition, we strongly advise you not to invest in Smart Trade Group, CFreserve fraudulent brokers. So don’t fall for these dishonest scam brokers!

Fund Withdrawal Issues With SelfKings Broker

While implying it’s better than other brokers just by using such a preposterous name, SelfKings is yet another fraud on the market. According to numerous SelfKings reviews, clients have no way to get their funds back, as the company doesn’t allow any withdrawals. Even if you submit a request, you can expect your account to be suspended and denied access.

At first, it might look like a technical error or a system bug, but be aware it’s just another scheme fraudulent brokers are using to prevent you from accessing your money.

If you experience anything similar, let us know.

Traders About SelfKings Scam

Among many SelfKings reviews, we haven’t found many positives. Clients are mostly complaining about withdrawals but also about trading software, high leverage, and more. Allegedly, SelfKings account managers are not trying too hard to assist you with investing, instead trying to get as much money as possible.

Once they notice you’re not willing to invest further, they will simply block you as you have no value. Be prepared for such a scenario and report anything suspicious immediately.

Also remember the names of the FXORO, MaxiPlus Trade and FlexInvest trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

How Does Online Trading Scam Work?

Online trading scams have become a regular part of the trading process. Unfortunately, especially during 2020 and 2021, many new companies decided to take advantage of the global pandemic and people’s desperation and convince them they could offer something exceptional. With everything going on, regulators have a hard time tracking all of the new companies and regulating them properly, especially in countries such as the Marshall Islands. 

That’s how SelfKings used its chances as well, opened a brand, and started scamming clients all over Europe and Russia. Instead of being the next victim, make sure to ask all the right questions and check for the regulations. If nothing works and you lose your funds, file a dispute and request a chargeback.

Scammed by SelfKings? – Tell Us Your Story

If you were scammed by SelfKings or a similar illicit broker, let us know. Our chargeback specialists will assist you in finding the best money-back solution for your particular case.

But What Is A Chargeback?

It’s a way for you to get your funds back through the bank if you can prove you have been scammed. Contact us via online chat, book your free consultation, and let’s get what’s rightfully yours!