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ALERT | Net-TradersFX Review: Is it Legit or a Scam

2.0

Scam Company

2 out of 5 stars (based on 2 reviews)

NET-TRADERSFX.ORG INVESTIGATION HIGHLIGHTS

Item Description	Website Information
COMPANY NAME:	Net-TradersFx LTD
COMPANY ADMIN:	Unknown
REGULATION:	Unregulated
HEADQUARTERS	Irvington, Carlisle CA6 4NW, United Kingdom
OPINION ON SOCIAL MEDIA AND REVIEW SITES:	Negative
PRIMARY PHONE NUMBER:	Unknown
CONTACT EMAIL:	support@net-tradersfx.net (inalid - can’t receive emails)
WEBSITE URL:	https://www.net-tradersfx.org/
WEBSITE IP:	157.90.36.211
IP COUNTRY:	Germany
DOMAIN CREATION DATE:	2022-06-25
HOSTING:	Hetzner Online AG

August 30, 2022
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Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What Is Net-TradersFx About?

Net-TradersFX is a trading firm that offers stocks, ETFs, cryptocurrencies (BTC, ETH, BCH, XRP), Forex, and other options – however that is what they claim on the surface. There have been many instances during which customers of this specific organisation have reported that this company is stealing from them, lying to them, and making fake claims.

Upon hearing this, the EzChargeback team got their investigation hats on and did what we do best, research, analysis, and review! When we started out our research, we noticed that Net-TradersFX’s website seems quite suspicious, the About Us leads to error 404 and there are no more pages.

In this day and age, where business is conducted online, a website is essential. Any and almost all authentic organisations make use of their website as their company’s face, portfolio, and business development asset. This is just the tip of the iceberg, keep on reading our detailed review on Net-TradersFX to find out more!

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What Is Net-TradersFx Offering or Promising to Clients?

Their clients can trade stocks, ETFs, crypto, and CFDs. The 20% commission on stocks and EFTs means markup regardless of how much you invest. Other than that, you can buy, sell, and store Bitcoin and other cryptocurrencies easily.

Moreover, in CFD Training, trade FX from 1 pip. Flexible leverage for commodities and indices. These are the key strategies they use to pull in consumers and then rob them of their assets.

Is Net-TradersFx Legit or Scam?

Is Net-TradersFx Licensed?

Net-TradersFX is a scam broker. The company has several problems that should be brought up, one of which is the complete lack of any form of regulation. In fact, Net-TradersFX is so terrible that the FCA, the UK’s financial regulator, has issued a warning against dealing with the business. There is also the issue of Net-TradersFX operating from a foreign sanctuary for a scam. Finally, as is far too frequently the case with such businesses, the broker’s legal documentation is nowhere to be found.

The worst thing with Net-TradersFX, though, is that the broker isn’t a CFD supplier. You see, the company does not have any functional CFD trading software, thus there is no way for anyone to trade with Net-TradersFX.

Net-TradersFX is unlicensed, even though the company asserts to be governed by the UK’s FCA and Cyprus’s CySEC. That is impossible, though, as the FCA has warned against Net-TradersFX. The exact wording of the warning is as stated on the screenshot from the FCA warning document.

SOURCE: https://www.fca.org.uk/news/warnings/net-tradersfx-ltd

There are no terms and conditions. The terms and conditions fall short of addressing all requirements for a website providing financial services. Investors on the site are not legally secure because the policy is lacking. When investors seek to withdraw their money, there is never a defined withdrawal policy in place. In fact, the site lack a lot of pages

Upon looking at the footer area we can see that the important pages are listed below but unfortunately they are just placeholders. Supposedly all the items listed should link to all the vital pages but that isn’t the case. It seems that the footer was just meant to look authentic.

Is the Company an Offshore Broker?

Looking into the address, it reveals Net-TradersFX as an unauthorized broker and issues a general warning about dealing with the company. When searching for the corporation on the CySEC website, no results are shown. Here is the portion of Net-website TradersFX where it is claimed that the company has offices in the UK and the USA.

Of course, the FCA-blacklisted broker has no method of actually functioning from the UK, and there is also no mention of a license from the NFA or CFTC, the regulatory bodies in the United States. However, this still leaves open the question of where Net-TradersFX is based. Dominica, an offshore fraud haven, is the answer.

Dominica’s forex markets are in no way regulated, hence the majority of its brokers are scammers like Net-TradersFX. If you want to trade safely, stay away from offshore brokers and only use reputable companies.

Similar or Duplicate Website Detected

Below are the sites we detected to be similar:

https://net-tradersfx.org/
https://pureforexcrypto.com/
https://avaro.trade/en-us
https://profits-trades.live/
https://nftartpad.online/

We discovered that Net-TradersFx has related websites. Further research revealed that the websites’ structures and offers are identical, and there is no evidence of a relationship between them. The newest website on the list, which was created in the middle of 2022, appears to be Net-TradersFx. We believe that this network might be a scam.

If you were scammed by an offshore broker, then contact us to help you get your money back. We are partnered with the best asset recovery firms in the industry.

Opinion Online and on Social Media

We also hade checked other review sites if they had the same conclusions that we had and so far there are a lot of negative reviews about NET-TRADERSFX.ORG. There is no social media presence as well and wore of all the people behind the website is not revealed.

Since the website owners are not show this is bad for transparency and is one of the signs that the website is a bit shady. This might also imply that this is likely a scam.

Comparing Net-TradersFx To Well Established Companies

Net-TradersFX has no SSL certificate. An SSL certificate protects your data, affirms your identity, helps you satisfy PCI/DSS requirements and improves customer trust.

Stocks, ETFs, cryptocurrencies (BTC, ETH, BCH, XRP), forex, and other trading products are available at Net-Traders FX. However, Binance provides more than 65 tradable coins for customers in the United States. As a result, cryptocurrency investors and traders have numerous options.

Trades can keep more of their profits thanks to the platform’s low costs. A few of the trading options offered by Binance include spot trading, margin trading, and peer-to-peer trading. Limit orders, market orders, stop-limit orders, stop market orders, trailing stop orders, post-only orders, and orders in which one cancels the other are only a few of the available numerous order types.

How to Get Your Money Back If You Were Scammed by Net-TradersFx?

Due to the fact that unregulated organizations that offer Forex services do not retain your money in segregated accounts, there is a chance that the broker will use your money to fund their company operations.

Furthermore, the FCA has declared that UK citizens who fall victim to the unlicensed firm’s deception would not be entitled to compensation.

Additionally, Net-TradersFX introduces us to their “team members,” although this information is doubtful because no applications were given. The only information provided about those “team members” is their title and place within the organization, but there is no LinkedIn profile to verify their legitimacy.
If you are stuck and are in need of assistance with asset recovery, reach out to the EZChargeback team. We will help you with selecting the right funds recovery team for yourself in your time of need. Do not panic, we are only a message away!