Selfkings: reviews of cooperation with an intermediary, license verification results
Information about Selfkings Company: How to Distinguish a Reliable Intermediary from a Scammer
It is difficult to distinguish a reliable intermediary from a scammer, especially for those who are just starting out without the necessary experience. Scammers skillfully provoke potential victims, making the task even more confusing. An example of such actions could be the company Selfkings, about which there are many controversial opinions. The organization was able to deceive many people in a short period of time, which resulted in negative reviews. In this review, you will learn how truthful the information about Selfkings is and what you need to know about its activities.
Checking the Official Selfkings Website
The standard design of the Selfkings website stands out, suggesting shortcomings in project financing. Considering that the company claims to have been operating since 2012, such an approach to website development leaves much to be desired.
An analysis of whois revealed that the information about the long history of the Selfkings company does not correspond to reality. According to the data, the resource only started operating in August 2020, and the first reviews appeared in September of the current year. In a short time of existence, the company managed to accumulate a lot of negative feedback, and its website was blocked for fraudulent practices.
Facts about Selfkings
The Selfkings brand belongs to the offshore organization Xem Cloud Ltd, registered in the Marshall Islands, but there is no confirming document about this. There is no information on the website about having a license, and the conditions specified in internal documents look suspicious. For example, clause 16.4 states that Selfkings is not responsible for clients’ losses.
The fraudulent broker’s website is available in multiple languages, posing a threat to traders worldwide. Selfkings operates without permission from the main regulator and provides its services illegally. Furthermore, the Central Bank of the Russian Federation has blacklisted this company.
According to reviews, withdrawing funds from Selfkings proves to be an extremely difficult task, as regulatory authorities do not intervene in the process, leaving traders alone with problems.
What Does the Platform selfkings.com Offer?
The company Selfkings provides access to cryptocurrency and CFD trading through its trading platform. Although the company promises numerous rewards, user reviews indicate that these are just empty promises, and the trading platform serves as a means to plunder deposits.
By not providing a demo account, scammers increase pressure on potential clients, offering multiple tariff plans:
- Mini with a minimum deposit of 253 EU. Features include manager services, leverage of 200x, risk management tools, margin borrowing up to 15%, and commissions up to 26 EU.
- Silver, with a minimum deposit of 5,000 EU.
- Gold, requiring 250,000 EU to open, and so on.
Client reviews consistently point out issues with withdrawals and unwanted disregard for support inquiries.
Reaction and Reviews of Selfkings
The network is flooded with negative reviews of Selfkings, where users share their pitiful experience with the company. People feel deceived and deprived of funds after dealing with it.
Scam Scheme on selfkings.com
The scammers from Selfkings actively lure people on social networks, offering earnings in financial markets. By providing support and promises of guaranteed profits, scammers entice clients to a platform where they demonstrate profitable deals. After investments, users realize the fraud too late, especially when trying to withdraw money.
Conclusion
There is no need to hope for the honesty of Selfkings. The company exhibits all the signs of scam, aimed at exploiting trusting traders. The lack of legal grounds for the company’s operations, critical reviews, and onerous conditions indicate the risks of cooperation. Share your experience with working with Selfkings to warn others and prevent mistakes.