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Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling.
WikiFX only provides the legal URL of the platform published by the regulatory website. And suggest to move to the scam folder, I’m trying to find more people affected by this company and get more evidences about it, if anyone has more information, I’d really appreciated your help. By the end of 2015 the process of customer transfer from Alfa-Forex to Alfa Capital Holdings Ltd. service. The customers of the company are protected by European standard of CySEC regulator – Cyprus Securities and Exchange Commission, license no. Power Trend LTD. providing services branded Alfa-Forex houses within Alfa-Bank “banking group”. The material does not contain investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East.
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Money, Webmoney, QIWI, as well as the online payment system of Alfa Bank, Alfa-Click. In addition, the company suspicious operations were confirmed by a vast number of complaints, as AlfaTrade targeting and attracting an audience of international clients from various jurisdictions. However, international authorities that regulate Forex industry do not sleep as well, as the company has received complaints from the clients. Therefore, the AlfaTrade company and its subsidiaries added on the list of scam alerts and warnings for soliciting traders without a license. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading.
To my surprise the guy on live chat called Jim asked me to deposit more money of which i declined.Upto day i can not see my account. However then the broker said i have to pay 2850 usd to clear my VAT, its like international taxes,,,And this time i didnt paid for it…Please stay away from this platform. After requesting a withdrawal, the broker asked me for more commissions and I can’t manage to get the withdrawn money. Forex trading in itself carries many high risks and losses are almost always inevitable. Retail speculators are continually trading without enough capital by using high leverage and gambling addiction. That is why we suggest not to trust any broker initially and check the forex scam list first.
Alphaprime.cash is currently offering 6 investment plans spanning from Forex and Crypto trading in addition to real estate investing. On top of that, they also claim to be the world’s leading investing and trading platform. They told I would start with PGK500 then they told me to upgrade my account with PGK1000 after I made the payment using my standard account they told me to make K3000 as COT fee..
Alfa Scalper Review
Alfa-Forex’s account type is determined by the selected platform, between the options MT4, MT5, and Zulutrade. The use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation forex analytics and risk management before use. National Futures Association is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Let other traders know if this service is worth checking or should be avoided.
Therefore, it is necessary to know every detail about the forex trading scams. Most importantly, you need to know the ways to identify scam brokers. Our expert team have identified 500+ forex analytics fake forex brokers list that you need to avoid. Alfa-Forex is a globally recognized online trading brokerage that facilitates trading in a verity of lucrative financial markets.
New* Rank And Rent Club Review
Overall, it seems the company performs a fishy business while pretending to be a well-established and reliable company that offers forex, CFDs, commodities, and indices to trade. AlfaTrade is an online brokerage company which is hard to understand even where the company is located. The Nemesis Capital Limited is a company with the registered address in St. Vincent and the Grenadines, which is very liberal and easy location to maintain the company. Another additional address of the company claimed prtrend cheating to be allegedly located in Europe, Bulgaria while the official telephone number is UK based. Foreign exchange, precious metals and over-the-counter contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click ‘Complaints ‘and ‘Correction’ to inform us.
- The use of any service by the client through the official website access channel provided by WikiFX is a personal behavior.
- If you call, they will say they have never heard of you and never got funds from you.
- If you see some broker push you to purchase a service or a product within a short period of time and information, it can be a good sign that the broker may turn out as a scammer.
- However then the broker said i have to pay 2850 usd to clear my VAT, its like international taxes,,,And this time i didnt paid for it…Please stay away from this platform.
- One of their “investment plans” is even claiming that if you deposit 1 BTC or $10,000, you will earn 40% ROI in 2 days.
- I would usually look to trade a liquid major currency pair such as the EURUSD and GBPUSD.
I was traded with capital of 5000 pesos last may 23, 2021.and after the trade I made my successful withdrawal of $3500. But the support team said that due to high traffic volume they suspend my profit and they said I have to pay a fee of $600 . These scammers use different social channels to find their victims(eg. Tinder).
Performing Trades With Power Trend
What advantages does this give to clients of our company? Collaboration with Alfa-Forex, a member of Alfa Group, allows you to access all benefits of working with one of the largest financial groups in Europe. Moreover, the high foreign exchange liquidity of a European bank rated ‘AAA’ allows you to freely open and close positions of any value. This means that you have trading strategy no restrictions when working with your savings on the Forex market. We are a reliable partner and provide our private and institutional counterparties with a wide range of financial… It is normal to get offerings from different forex brokers. But you will not know if the broker is categorized as a broker scam or not unless you ask for some information from them.
You can sign up for a demo account to acquaint yourself with Power Trend platform. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
Always stay ahead of the curve by getting correct and useful information. Regulation’s information, including the license number. Checking the regulators will help you to keep yourself away from the Ponzi or pyramid schemes. Below is more detail about protecting from the fraud broker list. As you know, scammers always change their scamming strategy to continue their dishonest practice.
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The offers could be so real that you might fall for them. Besides, other countries also have regulatory entities; you just have to find them based on your intended broker. Most importantly, a huge percentage of forex scammers are located in African nations. So, make sure you check the fake forex brokers list South Africa if you come across an unknown broker. Checking the fake forex brokers list for these people can save you a lot of pain and trouble.
So, the person will then tell his friends about the profit and make them believe. Since you came prtrend scam to know about the forex scams, you already have a significant idea about the forex market.
Power Trend customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go. Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf. The Power Trend platform is available to use on multiple devices including and online through a Web Browser.