In the world of online trading, the emergence of fraudulent brokers can pose significant risks to investors. These brokers often employ dubious tactics to manipulate traders, leaving them with substantial financial losses. In this review, we examine four brokers that have been flagged by regulatory authorities and are believed to be operating in an untrustworthy manner. If you’re considering engaging with any of these platforms, it’s essential to proceed with caution. Let’s explore each one.
INVEST GROUND
Website: https://www.investground.net/
Warning by: Financial Conduct Authority (FCA)
Invest Ground is a broker that has caught the attention of the FCA, who issued a warning about its operations. The FCA’s warning suggests that Invest Ground is operating without proper authorization, meaning it is not regulated by a recognized authority. For traders in the UK, this is a significant red flag as investing with an unregulated broker puts your money at high risk. Many investors have reported difficulties withdrawing their funds and encountering misleading claims about returns. As such, it’s crucial to avoid investing with Invest Ground.
CMC Finance Group
Website: https://cmcfinancegroup.com/
Warning by: CONSOB (Italy’s Securities and Exchange Commission)
CMC Finance Group is another broker that has been flagged by regulators for its suspicious activities. The Italian financial regulator CONSOB issued a warning about this platform, highlighting that it operates without the necessary regulatory licenses. Traders are advised not to invest with CMC Finance Group due to its unregulated status and its history of manipulative practices, including offering unrealistic profit guarantees and making exaggerated claims to lure in unsuspecting traders. It is crucial to stay away from platforms like CMC Finance Group to avoid financial losses.
GLOBALSIGNALSFX
Website: https://globalsignalsfx.com.tr/
Warning by: Financial Conduct Authority (FCA)
Similar to Invest Ground, GLOBALSIGNALSFX has been flagged by the FCA for operating without proper authorization. This unregulated broker offers trading services in forex and other financial instruments, but it has failed to meet the standards set by reputable financial authorities. Users have reported difficulties in withdrawing their funds, with some claiming that their accounts were locked or funds were frozen without explanation. If you’re looking to protect your investments, it is advisable to steer clear of GLOBALSIGNALSFX and opt for regulated brokers with a proven track record.
Global Investment Strategy
Website: https://global-is.uk/
Warning by: Financial Conduct Authority (FCA)
Global Investment Strategy, another unregulated broker, has also been warned by the FCA. Like the other platforms on this list, it operates without the proper licenses, and this raises serious concerns about its legitimacy and the safety of traders’ funds. The lack of regulation means there is no oversight, and investors could face problems when it comes to withdrawing their earnings or resolving disputes. Given the history of fraudulent activity associated with unregulated brokers, the Global Investment Strategy should be avoided at all costs.
Conclusion
It’s essential to approach online trading with caution, especially when dealing with brokers who have been warned by financial authorities. Platforms like Invest Ground, CMC Finance Group, GLOBALSIGNALSFX, and Global Investment Strategy are high-risk brokers that have raised alarms for operating without proper regulation. Always prioritize safety and security by choosing regulated brokers with transparent practices.
At Fraud Complaints, we are dedicated to assisting individuals who have been misled by fraudulent brokers and other deceptive schemes. Our team of experts works to help victims and provides a free consultation.
Be aware of other potential schemes in the trading world, such as Forex Trading Scams, Cryptocurrency Scams, Pump and pump-and-dump tactics, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Binary Options Deceptions, and more. If you have fallen victim to any fraudulent schemes, including those related to these scam brokers, take action immediately to protect your funds.
If you have already fallen victim to these scam brokers fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from these scam brokers.
Check more about fraudulent brokers
Visit our Facebook Page
Visit Twitter
Note: The above brokers review is influenced by some existing brokers reviews online and we have created an original brokers review based on known facts. We are not responsible for any legal actions taken by any entity favoring the above brokers.