About the New Fraudulent Broker TopBrok
No one claims that fraud will disappear from the world as long as people exist. Old scammers retire, new ones come to take their place. Today we will talk about TopBrok, which has managed to deceive many in a short period of time.
Interesting Facts About the Company
The age of the broker is hidden, there is no information about the company on the website. However, the domain was registered in 2018. There is a strange moment visible – the registration end date is in 2020, which may indicate unstable plans by the founders. Additionally, the company lists an address in Panama and operates under the name Topbrok Ltd.
The website publishes a certificate of registration of a Ltd organization, presenting it as a license. However, this is simply a document of organization establishment. The company has only one director, which is strange for a financial structure. The share capital is only 1.23$. The registered address is listed in London and is associated with other fraudulent companies.
Licensing and Regulation
TopBrok claims to be regulated by CySEC of Cyprus, but no official licenses were found on the website. Additional checks have shown that the company is not under the regulation of this commission. In addition, the broker claims to be regulated by FCA and FSA, which also turns out to be false.
Online reviews indicate a negative experience working with TopBrok. Clients complain about loss of funds and fraudulent schemes by the broker. The contract with the company shows that they absolve themselves of responsibility and can change contract terms at their discretion.
Conclusion
TopBrok is a new player in the realm of fraud, using old deception methods. It is recommended not to engage with such companies and to trust your money only to verified brokers. Scammers like TopBrok are becoming part of the blacklist and pose a threat to clients’ personal finances. Be vigilant and beware of such schemes!
