forex broker Safe Holdings sells user data
By The Forex Review - 12 / February / 22 585
Dominick Bell
Broker Safe Holdings, which operates on the territory of Great Britain, is considered a scammer with spoiled fame.
If we go to the official website of Safe Holdings - Safe-holdings.com, we will read that our organization provides intermediary services for Forex operations in England. In addition, Safe Holdings provides trading software.
We studied the Safe Holdings website, got acquainted with the terms of operations, made attempts to get at least demo access to the software, investigated the existence of official documents, the place of registration of the company.
With the help of this data, we will figure out: Safe Holdings - a divorce or not?
In addition, we will explain to you how not to fall for the bait of scammers, about their methods of action. We will give you the information you need to keep your money safe.
Safe Holdings is based offshore
A serious signal indicating that Safe Holdings are bandits is the region of registration. The organization is officially registered in the Marshall Islands, which is already doubtful, since it operates in England. Offshore regions are popular with scammers due to the lack of laws and regulation.
In addition, this country does not have permits for Forex activities.
Also, when we tried to find the real address, information about the owners and directors of Safe Holdings, we failed to reveal anything.
This already hints that Safe Holdings is an illegal Internet broker, working with which can result in large financial losses.
Lack of information about the management of Safe Holdings
After examining the website, our experts could not find any truthful information about the owners of the organization Safe-holdings.com. No legal address, no telephone or other methods of contact.
This probably means that real leaders try to hide data about themselves in order to avoid punishment for their crimes. Even if one of the managers of Safe Holdings manages to be exposed, then everything will end there, and the real organizers of the fraudulent organization will remain at large.
Safe Holdings, website - Safe-holdings.com, is less than a month old
The Safe-holdings.com website speaks of extensive experience in the Forex financial market.
The most common way to study any site is to obtain data about its domain name. As a rule, they indicate the age of existence of the domain name, contact details of the owner.
In a specific case, the Safe-holdings.com domain has been operating for less than one month, and all data about the legal or natural person owning it is hidden. Another evidence that the director of Safe Holdings is trying to maintain his anonymity.
Such a desire can be accepted, but not when it comes to a financial company acting as an intermediary between the client and Forex.
At the same time, Safe-holdings.com assure their potential clients that they have been working effectively in Forex for many years.
Safe Holdings does not have a trial period
It is a common practice for online brokers to provide traders with a demo version of services in order for them to get acquainted with the interface, to try their hand at Forex operations with virtual money.
Unfortunately, on the Safe-holdings.com website, we could not find any mention of a demo period, an opportunity to test the programs.
Probably the organizers of the Safe-holdings.com organization are most likely not going to provide users with test access to their service, since someone is able to suspect fraud.
Internet broker Safe Holdings operates with a negative score
Registered firms that trade in the Forex financial market do not use a negative balance in their activities. By law, an online broker trader is not able to spend more now there is on the balance sheet. In rare situations, when the balance still goes into a negative value, the debt must be repaid not by the user, but by the company that offered the services.
Therefore, honest online brokers do not use a negative balance in their activities.
However, Safe Holdings gives its traders Forex operations with a negative balance, that is, on credit.
Why is this needed?
To drive the client into a minus and require him to repay the loan. This is one of the most common methods of deception used by scammers.
If this has already happened, you need to know that scammers have no way to knock out finances in accordance with the laws of Great Britain. All methods of pressure on you are considered illegal. The maximum that scammers are able to do is call, send letters with demands.
It is impossible to work with Safe-holdings.com, as the agreements will result in new losses.
Safe Holdings operate with a credit ratio of one to four hundred or more
At this point, it becomes obvious that Safe Holdings is a scam. Nevertheless, let us point out another nuance, namely the existence of an excessively large credit leverage.
The credit ratio is the ratio of the finances of traders and online brokers when concluding a transaction. Leverage makes it possible to close significant trades for users who do not have large amounts of money with them.
To protect traders in the Forex financial market, in civilized countries, the current legislation provides for the use of leverage with a maximum ratio of 1 to 30, sometimes fifty.
At the same time, Safe Holdings applies a credit ratio of one to four hundred for trading on the Forex market.
A similar ratio is allowed in Switzerland, since firms registered in this country enjoy great confidence. But Safe Holdings is not registered there.
In fact, Safe Holdings is not allowed to trade Forex with such a credit ratio due to the high risk to clients. Accordingly, this is used to force the user not only to transfer more personal funds, but also to drive him into debt.
Local branches of Safe Holdings
It is considered prestigious for any organization to have local offices in developed regions, even if the activity is carried out only in England. So Safe Holdings informs that in addition to a large number of awards, they have local offices in Britain, Australia and other civilized countries, as well as about thousands of competent specialists.
Checking the presence of these units is quite simple. After all, specialized structures are known that regulate the activities of brokers. In England it's FCA, and in Australia it's ASIC.
That is, the official organization must have permits from these or other organizations that confirm their ability to provide trading services on the Forex market, determine the degree of responsibility.
However, after examining industry websites, we were unable to locate them. Which once again confirms our suspicions.
For registration on Safe-holdings.com, you must transfer confidential data
As we reported earlier, Safe Holdings does not have a demo period and, accordingly, in order to gain access, you must immediately transfer the minimum deposit to Safe Holdings bandits. Also, access to the Safe-holdings.com personal account is possible only upon successful completion of identity verification.
This means that Safe Holdings requires its users to provide information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (scans of utility bills);
- Information about the place of work, qualifications, experience.
In addition, during the initial transfer, scammers can gain access to bank account information.
As a result, this information may allow scammers to hang a loan on a client, or carry out other criminal frauds.
Since registration on the Safe-holdings.com website requires the submission of personal information, we were unable to access the Safe Holdings personal account and Forex earning programs.
Safe Holdings Reviews
A very important point of exposure of Safe Holdings is the analysis of feedback from traders.
Search results analysis gave us the following information:
- Most references to Safe Holdings online are fake. These are similar positive reviews and customized comments;
- All real reviews about Safe Holdings are negative. We were unable to identify true references and comments from former clients of Safe-holdings.com, which would mention a decent profit, successful work.
- Bad mentions and comments are caused by illegal activities, investment theft, deliberate debt creation.
Accordingly, reviews of Safe Holdings report that this broker is a scam.
Safe Holdings contact details and white papers
After reviewing references on Safe-holdings.com, our staff found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory firms, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our employees identified a phone number. It turned out that it had already been used by an illegal internet broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Safe-holdings.com.
Withdrawing money from Safe-holdings.com
Are you going to make money with the help of an online Forex broker? Make sure that you can take away investments from him.
Analyzing the trader's agreement on the Safe Holdings website, we did not see available information about the methods of withdrawing the money earned. At the same time, our employees saw a description of fees for long-term inactivity of a personal account, but did not find information about their amounts. Since scammers do not operate in the official field, these fees cannot be canceled.
That is, even if the client has completed work with Safe Holdings, they can start calling and writing messages demanding to pay a fine.
How does Safe Holdings operate?
Causes concern and the method of finding customers, which uses Safe Holdings.
For advertising, fake social media profiles are used, in which fake people report how they instantly managed to get income by making Forex transactions with the help of Safe Holdings. Bots show expensive cars and houses, holidays in resorts and other signs of a prosperous life.
Non-existent people guarantee instant profit growth, which does not require training or effort.
When a potential trader gets in touch with criminals, Safe Holdings employees talk about the reality of instant earnings, and also about some unique features of their services that will allow you to immediately earn big income.
After that, all sorts of manipulations go into work, allowing you to get the maximum finance from the client. For example, a client may be given a false profit to motivate them to invest more money.
If Forex trades turn out to be unprofitable, the company representative will recommend transferring even more to compensate for the losses.
Safe Holdings employees act according to the manuals that were developed by professional swindlers. They study information about the user in order to act on vulnerabilities and get more finance.
In any case, all this will come to one of two results:
- When you want to withdraw money before you are in the red, you will be fined, your money invested will be closed, and everything will be done to force you to transfer more;
- When you give the opportunity to criminals to drive the account into the red, there will be threats, scammers will demand to pay off the fake debt.
Another way to make money for Safe Holdings can be the sale of your confidential information to third-party companies. We assume that, after that, it is really possible to buy complete information about you for a small amount of money on some anonymous community on the shadow Internet.
Surely, because of this, all kinds of bandits, sellers, etc. will start calling you. You should also wait for calls from Safe-holdings.com associates who will offer to "receive" lost deposits, of course for payment.
Since Safe Holdings does not operate in the legal field and protects incognito, Safe Holdings cannot be forced to answer under the law in Britain. The organizers of the fraudulent company are diligently hiding and, at best, law enforcement agencies will be able to capture one of the “employees”.
Can Safe Holdings be trusted?
Not!
Only if you are going to give money to scammers, then transfer it to charity.
Let's briefly list the evidence that Safe Holdings is a scam:
- No official registration;
- No demo period;
- There is no information about the owners of the company;
- Phone number revealed in shady transactions;
- Negative balance;
- Leverage greater than one in fifty;
- Bad reviews;
- False information on the website.
Detailed review of Safe Holdings - completed. Clearly, Safe Holdings are scammers.
For your safety, we have compiled a blacklist of brokers.
