There are a lot of lies about Brokerage on the Internet, all because Brokerage robs users
By The Forex Review - 06 / February / 22 566
Dominick Bell
Brokeragea, an online broker operating in the UK, is considered a criminal with a bad reputation.
When we go to the official website of Brokeragea - Brokeragea.com, we find out that the company under study provides Forex brokerage services in England. Brokeragea also provides programs for financial transactions.
Our employees analyzed the Brokeragea website, got acquainted with the working conditions, tried to get demo access to the software, investigated the availability of papers, the region where the company was registered.
With the help of the data obtained, we will find out: Brokeragea - a divorce or not?
In addition, we will tell you how not to fall for the bait of criminals, about their work algorithms. We will give the necessary data to keep the investment safe.
Brokeragea is located in an offshore zone
The first sign that Brokeragea.com is a scam is the registration region. The company is officially registered in the Marshall Islands, which is already suspicious, since the company operates in the UK. Offshore locations are popular with scammers due to their lack of legal and regulatory compliance.
Also, this region does not have rights for Forex activities.
In addition, when our employees tried to identify the address, mentions of the owners and directors of Brokeragea.com, they could not reveal anything.
This suggests that Brokeragea.com is a criminal Internet broker, working with which can result in serious financial losses.
Brokeragea owner data not found
After examining the site, our experts have not been able to find reliable information about the directors of Brokeragea.com. No addresses, no phone numbers or other means of contact.
Usually, this means that the owners are trying to hide data about themselves in order to elude responsibility for crimes. Even if you manage to contact one of the employees of Brokeragea, then everything will end with this, and the actual leaders of the shadow company will remain at large.
Brokeragea, official website - Brokeragea.com, has been around for less than a month
The Brokeragea website speaks of many years of experience in Forex operations.
The most common way to study the official site is to obtain data about its domain. Usually, they contain the period of operation of the domain, the contact details of its owner.
In this case, the Brokeragea.com domain name exists for less than 30 days, and information about the legal entity that owns it is hidden. Another proof that the owners of Brokeragea are trying to preserve their incognito.
This desire can be understood, but not when it comes to a financial organization that works as an intermediary between a trader and the Forex market.
In addition to this, Brokeragea themselves assure users that they have been successfully operating in the Forex market for a long time.
Brokeragea.com does not have a trial period
It is a common practice for Internet brokers to provide traders with a demo version of their software so that they can get familiar with the interface and try their hand at Forex trading with fake money.
Unfortunately, on the Brokeragea website, we could not find any mention of a demo period, an opportunity to try the software.
Probably the owners of Brokeragea.com simply do not plan to provide traders with demo access to the software, as some of them are able to suspect a scam.
Internet broker Brokeragea works with a negative account
Official companies that trade on the Forex financial market do not use a negative account in their activities. According to the law, a trader of an Internet broker is not able to spend more than what is currently on his balance sheet. In those rare cases when the balance goes into a negative value, the loan must be repaid not by the client, but by the organization that offered its services.
Therefore, honest online brokers do not use a negative account in their work.
However, Brokeragea.com offers clients trading with a negative account, that is, on credit.
Why is it necessary?
In order to drive the trader into negative territory and start demanding repayment of the loan. This is one of the most popular methods of deception used by bandits.
If this happens, you need to know that scammers have no way to recover investments in accordance with the laws of England. All methods of influencing you are criminal. The maximum that scammers are capable of is calling, sending letters with demands.
You cannot cooperate with Brokeragea.com, as all agreements will result in new losses.
Brokeragea operate with a credit ratio of 1 to 400 or more
Already, it becomes obvious that Brokeragea are criminals. And yet, let's pay attention to one fact, namely the existence of too large a credit ratio.
The credit ratio is the ratio of the money of users and online brokers when making a transaction. It makes it possible to close significant transactions for clients who do not have large amounts of money with them.
In order to protect clients in the Forex financial market, in civilized states, the current laws require the use of a leverage with the largest ratio of 1 to 30, in exceptional cases 50.
At the same time, Brokeragea applies a leverage of 1 to 400 for trading in the Forex financial market.
This ratio is allowed in Switzerland, as firms registered in this country enjoy high confidence. However Brokeragea is not issued in this state.
In fact, Brokeragea is not allowed to trade Forex with this leverage due to the high risk to clients. Actually, this is done solely to force the user not only to give away as much personal funds as possible, but also to drive him into debt.
Local branches Brokeragea
It is considered important for an organization to have local offices in civilized states, even if the work takes place exclusively in England. Therefore, Brokeragea informs that in addition to many awards, there are local offices in England, Australia and other civilized regions, as well as many competent employees.
Checking the availability of these branches is easy. Since specialized structures are known that regulate the activities of online brokers. In the UK it's FCA, and in Australia it's ASIC.
Therefore, a law-abiding organization must have official documents from these or other organizations that will confirm their permitted right to provide services for making money on the Forex financial market, regulate the degree of responsibility.
However, after analyzing industry websites, our experts did not find them. Which once again confirms the fears.
For registration on Brokeragea.com, it is necessary to transfer confidential data
As we mentioned earlier, Brokeragea does not have a demo period and, accordingly, in order to gain access, you must immediately pay the minimum deposit to Brokeragea scammers. In addition, it is possible to create a Brokeragea.com personal account only upon completion of user verification.
This means that Brokeragea requires its clients to transfer data such as:
- Information about an individual (passport, etc.);
- Data on the permanent place of residence (payments for a communal apartment);
- Information about the place of work, qualifications, experience.
Also, during the initial payment, fraudsters can gain access to personal account information.
Together, this information can allow criminals to hang a credit on a deceived user, or carry out other illegal actions.
Since you need to submit your confidential data to register on the Brokeragea.com website, our experts did not get access to Brokeragea's personal account or Forex trading applications.
Real reviews about Brokeragea
The most important point of exposing Brokeragea is the analysis of traders' reviews.
A detailed study of the search results on the Internet gave us the following information:
- Most of the reviews and mentions of Brokeragea on the Internet are fake. These are template positive reviews of a customized type;
- All real reviews about Brokeragea are bad. We were unable to find mentions and comments from users of Brokeragea.com, which mention decent earnings, productive work.
- Bad mentions and comments are related to illegal activities, theft of investments, artificial creation of credit.
Therefore, Brokeragea reviews say that this online broker is a criminal.
Brokeragea contact information and official documents
Having studied the information on Brokeragea.com, we saw 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 Internet broker is not associated with regulatory firms, then clients simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Brokeragea.com.
Withdrawing money from Brokeragea.com
Are you going to make money with the help of a financial market Forex broker? Make sure that you can take away investments from him.
Having studied the trade agreement on the official website of Brokeragea, our employees did not see specific information about the ways to withdraw money. At the same time, our experts found a description of fees for a long period of inactivity of the account, but there was no data on their size. Since the bandits do not work in the official field, these fines cannot be canceled.
That is, even if the user has ended cooperation with Brokeragea, they can start calling and spamming demanding to pay the fine.
How does Brokeragea operate?
Arouses suspicions and the method of finding new customers, which applies Brokeragea.
For promotion, fake social media accounts are used, in which fake people report how they instantly managed to get rich by making transactions in the Forex market using Brokeragea. Advertising profiles showcase expensive cars and clothes, vacations in resorts, and other manifestations of a prosperous life.
Bots promise instant profit growth, for which you do not need to learn or put effort.
When a potential client gets in touch with them, Brokeragea managers report about the possibility of instant earnings, as well as the unique features of their services, which will make it possible to immediately receive a solid income.
After that, all sorts of tricks are used, making it possible to get the maximum amount of finance from the trader. For example, a user may be given a fake profit to inspire them to transfer even more funds.
If the work on the Forex financial market is negative, the manager will recommend investing more to cover losses.
Brokeragea employees work according to the guidelines that have been developed by qualified manipulators. Criminals study information about the user in order to put pressure on weak points, to lure even more money.
One way or another, it all boils down to one of the results:
- When you are about to withdraw your investment before you are in debt, you will be fined, banned from using the money invested, and will do anything to force you to transfer more;
- If you allow fraudsters to drive the account into credit, there will be threats, bandits will begin to demand payment of a fake loan.
An additional method to make money for Brokeragea can be the sale of your personal information to third parties. We think that, after that, information about you can be purchased for a moderate amount of money on some anonymous community on the shadow Internet.
Surely, after that, various scammers, managers, etc. will call you. In addition, you should wait for messages from Brokeragea's accomplices who will offer a "return" of lost finances, of course, for a fee.
Since Brokeragea does not operate in a legal field and remains incognito, Brokeragea.com cannot be held liable under the laws of England. The heads of the fraudulent company are carefully disguised and, in the best case, the police will be able to catch one of the "employees".
Should I trust Brokeragea?
Never!
If you plan to transfer money to scammers, then it is better to spend it on a good deed.
Let's briefly list the evidence that Brokeragea are scammers:
- Lack of official registration;
- No trial period;
- Lack of information about the owners of the company;
- Phone found in fraudulent transactions;
- Negative balance;
- Credit ratio greater than one to fifty;
- Negative reviews;
- False data on the website.
Detailed review of Brokeragea - completed. It is clear that Brokeragea are criminals.
For your safety, we have compiled a blacklist of brokers.
