Is COTP a Good Broker or a Scam? One thing is worse than not having a license–a broker who fakes a license. That is the case with COTP, which falsely claims to have a FINCEN certificate. This can mislead people into trading with a broker that actually is unlicensed. We don’t recommend any unregulated broker, … Read more
Is StablecoinsUS a Good Broker or a Scam? StablecoinsUS sounds a lot like “stablecoins” which is a type of cryptocurrencies. These digital currencies get their name because their value is linked to other assets and therefore, are considered more stable than regular digital currencies. StablecoinsUS presumably wanted to attract fans of Stablecoins, which is one … Read more
Is Cryptospair.com a Good Broker or a Scam? Cryptospair.com claims to have tens of thousands of clients in 32 countries. To do this legally, Cryptospair.com would have to have every financial license in the world, or at least most of them. Ironically, we didn’t find a single license held by Cryptospair.com. Instead, we discovered many … Read more
Is 24CryptoBuzz a Good Broker or a Scam? Like many brokers, 24CryptoBuzz claims to make trading easy. It says that clients need only to take “3 Easy Steps”–create an account, deposit money and start trading. This broker promises financial growth and claims it handles $5 billion in transactions and has granted $3 billion withdrawals. That … Read more
Is Swapnex.io a Good Broker or a Scam? Swapnex.io tries to attract clients with a claim of passive income. Beware of brokers that use this as a selling point. Trading should not be a steady source of income unless you are making an amount well beyond your means. The expression, “Don’t quit your day job” … Read more
Is Infinityex.cc Good Broker or a Scam? Infinityex.cc is not a broker that you should open an account with. First of all, it’s not regulated. Any broker without a license has no oversight and isn’t safe. Secondly, there is very little information about the broker–no identities on the website, no credentials, no licensing information, no … Read more
Is EminFX A Good Broker or a Scam? When your broker has no license, has been flagged by major regulators, has been the subject of a court order to cease and desist in a high-profile case and has had a scathing article written about it in The Washington Post, it’s safe to say that you … Read more
Is Stablegains A Good Broker or a Scam? You may think the name Stablegains inspires confidence, because it sounds a bit like “stablecoins.” However, as is clear by the recent drop in cryptocurrencies, it doesn’t seem wise to trust a name too much, like “Stablegains.” In fact, when you visit its site, you’ll notice a … Read more
Is MetaTradeFirm A Good Broker or a Scam? MetaTradeFirm asks for a huge minimum from clients–an atypical $1,000. Many brokers demanda minimum of $100 but some clients may not mind this if they plan on trading $1,000 anyway. In addition, this broker promises huge returns of 20% to 100% depending on the size of the … Read more
Is Xasic.io A Good Broker or a Scam? Xasic.io says it provides cloud mining, but it isn’t regulated and has been flagged as a suspected Ponzi scheme. In addition to not having a license, Xasic.io can arouse suspicion because it offers a 99% return, which is an astounding amount. Far from being impressive, these kinds … Read more