Brokertopfx: reviews and overview of public information
Brokertopfx: reviews and public information overview
Online trading is becoming increasingly popular, partly due to the growing number of brokerage firms. Currently, the lack of legislation and the use of modern technologies allow scammers to easily hide behind prestigious facades and deceive inexperienced traders. This is confirmed by numerous negative reviews about various firms. How to determine who is really behind a company — an honest broker or scammers? Let’s consider this using Brokertopfx as an example.
What is on the Brokertopfx website?
The company’s web resource has a minimalist design and seems to be in the development stage. There is a lack of support for multiple languages, not even an English version is found. Some menu sections are unavailable, and the presented information is extremely scarce and unclear.
Despite Brokertopfx claiming to have been around since 2009 (if we deciphered this clumsy phrase correctly).
However, the domain was only registered this year.
The absence of any mentions that this broker is known to anyone other than the organizers raises doubts. There are no mentions, reviews, or references about this company online, which claims to have a whopping 100,000 users. All of this does not inspire trust.
Information about contact details also raises many questions. The corresponding section presents a mix of various data. For instance, a Russian phone number is listed, and oddly, a Belgian one.
Additionally, the address is indicated as British, but according to Google Maps data, the office is located in an industrial area near warehouses.
And, by the way, the provided email address is invalid (verified using the 2ip.ru service).
It is also worth noting that access to documents regulating the relationships between clients and Brokertopfx is not provided. Links to these documents were supposed to be in the footer, but the documents themselves are not attached.
The initial impression of the resource raises numerous questions. Even a superficial examination hints that this is not a serious organization to entrust your finances to. Fortunately, technically this is not possible yet, as the site lacks registration forms and access to a personal account.
Registration and licensing of Brokertopfx activities
The website lacks documents with the broker’s details, and the place of its registration is not specified. Judging by the British address, the company presents itself as English. This is easy to verify, as the activities of all financial organizations in the UK are regulated by the Financial Conduct Authority (FCA). The registers of this body are available for verification, and no such legal entity is found there.
The site is in Russian, and among the offered methods of depositing and withdrawing funds, payment cards “Mir” from the Russian bank “AB “Russia” are listed. Based on this, it can be assumed that the organizers are targeting a Russian audience. In this case, according to Law No. 460-FZ, the broker should have a license from the Central Bank of Russia. As expected, this has not happened.
Therefore, by registering on the site of these scammers, you are not protected by laws and will not be able to recover your lost funds.
Account types and trading offers of Brokertopfx
Information about trading offers is also extremely limited. Trading in stocks, indices, currencies, metals, and commodities is offered, with promises of low spreads and free education. However, detailed information is lacking. The types of accounts are described very superficially.
There is no clarity in the differences between them, apart from the deposit size — this is unclear. Nevertheless, by registering and depositing $1000, you can receive 40% of the amount as bonuses. The terms of the bonus program are not disclosed.
Information about the trading platform used is also missing. There is no answer on which platform traders are offered to work and how signal execution for opening and closing deals is ensured on the site.
Reviews about Brokertopfx
As mentioned earlier, there are no reviews about this company found online. This is not surprising, considering the domain’s age and the unfinished state of the resource. It seems that the platform is not yet ready for active use. However, once it becomes more popular and attracts more users, we will be able to share their opinions and publish the first reviews.
How do traders get scammed on Brokertopfx?
Apparently, Brokertopfx is not a project with sophisticated scam schemes. Serious fraudsters require more complex and elaborate approaches. Most likely, this is a temporary web resource, which reviews refer to as a “one-day kitchen”.
Scammers act simply. They hire managers whose task is to convince as many people as possible to invest money. Then accounts can be blocked for a made-up reason or even without explanations. Scammers can also manually influence quotes. In this case, a deposit of any size can be lost in one day, even with the most cautious actions from the client.
Conclusion
Fortunately, scammers have only managed to deceive a few, judging by the reviews. We hope that this situation will persist. However, if you have been lured by Brokertopfx scammers, remember: Brokertopfx is not a broker but a fictitious project. The company has no licenses, no legal address, and its activities are not regulated by any financial regulator. By cooperating with this company, you will not receive money but will lose all your investments.