Broker scam Brokerage that's why we think so
11 / January / 22
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The broker Brokeragea, which operates in England, is a criminal with a bad reputation.
When we get to the official website of Brokeragea - Brokeragea.com, we learn that the organization under study offers intermediary services for working on the Forex market in England. In addition, Brokeragea provides programs for financial transactions.
We looked at the Brokeragea website, got acquainted with the terms of action, made a trip to get at least demo access to the services, analyzed the existence of official papers, the organization's registration region.
With the help of this information, we will understand: Brokeragea - a divorce or not?
We will also tell you how not to get caught in the networks of scammers, about their work algorithms. We will provide the necessary data to keep your money safe.
Brokeragea organization based offshore
The main signal that indicates that Brokeragea are scammers is the country of registration. The company is officially registered in the Republic of the Marshall Islands, which is already suspicious, since Brokeragea.com operates in the UK. Offshore states attract the attention of criminals due to the lack of the need to comply with the law and control.
Also, this state does not have permission to operate in the Forex financial market.
Also, when our staff tried to find the physical or legal address, mentions of the owners and management of Brokeragea.com, they could not find anything.
This already suggests that Brokeragea.com is a criminal broker, working with which can result in significant financial losses.
Brokeragea management information not found
After researching the website, our experts could not find any plausible information about the directors of Brokeragea. No addresses, no phone numbers or other ways to get in touch.
Usually, this means that the actual directors are trying to hide themselves in order to hide from accountability for actions. And even if you manage to catch one of the Brokeragea managers, then everything will end there, and the actual owners of the shadow organization will remain free with the money.
Brokeragea official website - Brokeragea.com is less than 30 days old
The official website of Brokeragea.com speaks of serious experience in the Forex market.
The main way to study any site is to obtain information about the domain name. Basically, they record the age of the domain name, data for the owner's connection.
In this case, the Brokeragea domain name is valid for less than 30 days, and the information about the legal or natural person that owns it is hidden. Another proof that the management of Brokeragea is trying to preserve anonymity.
Such a desire can be supported, but not when it comes to an organization working as an intermediary between a trader and the Forex financial market.
In addition to this, Brokeragea.com assure potential users that they have been trading the Forex market effectively for many years.
Brokeragea.com does not have a trial period
It is a common practice for Internet brokers to give users a test version of their services so that they can familiarize themselves with the interface and try their hand at operations on the Forex financial market with virtual money.
Unfortunately, on the Brokeragea website, we did not find information about the trial period, the ability to try the program.
We think that the owners of Brokeragea are most likely not going to give customers test access to their service, since some of them are able to suspect a scam.
Internet broker Brokeragea.com works with a negative balance
Registered organizations that trade on Forex do not use a negative account in their work. By law, an internet broker trader is not able to spend more now on his account. In those situations when the account goes into a negative value, it is not the client who is obliged to pay off his debts, but the company that offered its services.
Therefore, legal brokers do not use a negative balance in their activities.
However, Brokeragea offers traders trading with a negative balance, that is, on credit.
What is it for?
In order to drive the user into a loan and start demanding that he repay the loan. This is one of the most popular methods of deception used by financial criminals.
In the event that this has already happened, it must be remembered that criminals do not have the opportunity to receive finance under British law. Any methods of pressure on traders are considered illegal. The most that criminals are capable of is to disturb with calls, send out messages with demands.
You cannot cooperate with Brokeragea.com, as the agreements will result in new losses.
Brokeragea.com operate with a leverage of 1 to 400 or more
Already now, it is clear that Brokeragea are criminals. However, let's pay attention to another nuance, namely the existence of an extremely large leverage.
The credit ratio is the ratio of the finances of clients and online brokers when concluding a transaction. It makes it possible to make large trading operations for traders who do not have large sums freely available.
In order to protect traders in the Forex financial market, in civilized regions, the current legislation requires the use of a credit ratio with the highest ratio of 1 to thirty, in exceptional cases 50.
At the same time, Brokeragea uses a leverage of 1 to 400 to make money on the Forex financial market.
This attitude is allowed in Switzerland, as organizations registered in this country enjoy high trust. However, Brokeragea is not registered there.
In fact, Brokeragea cannot trade Forex with such a credit ratio, due to the high risk for users. So, this is only used to force the user not only to give away more of their finances, but also to drive them into loans.
Brokeragea Local Offices
It is considered prestigious for any financial company to have local representative offices in civilized countries, even if the activity is carried out exclusively in the UK. So Brokeragea informs that in addition to a significant number of awards, they have local offices in Britain, Australia and other civilized countries, as well as about thousands of qualified specialists.
Checking the reality of these divisions is elementary. After all, industry structures that control the actions of online brokers are known. In the UK, this is FCA, and for example, Australia - ASIC.
Because of this, a law-abiding firm must have official documents from data or other structures that will confirm their ability to provide services for trading operations on the Forex market, indicate the level of responsibility.
However, having studied specialized sites, our specialists could not find them. Which once again confirms our fears.
For registration on Brokeragea.com, you need to transfer personal data
As we said earlier, Brokeragea does not have a trial period and therefore, in order to gain access, you must immediately transfer the minimum deposit to Brokeragea scammers. In addition, access to the personal account of Brokeragea.com is possible only after passing the identity verification.
This means that Brokeragea requires its clients 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 are able to access personal account data.
As a result, this data may enable scammers to make a loan to a trader or carry out other illegal operations.
Since for registration on the official website of Brokeragea.com, you need to send personal data, we could not get access to Brokeragea's personal account, as well as services for working on Forex.
Brokeragea reviews
An extremely important point of exposing Brokeragea is the analysis of feedback from traders.
A detailed study of the search results gave us the following data:
- Most of the mentions and reviews of Brokeragea on the Internet are fake. These are template positive reviews and mentions of a custom type;
- All actual references to Brokeragea are bad. Our employees were unable to identify true reviews and references from former users of Brokeragea.com, which mention high earnings, productive activities.
- Bad reviews are caused by criminal acts, theft of deposits, special debt creation.
Therefore, real reviews about Brokeragea report that this broker is a criminal.
Brokeragea contact details and official papers
By studying the mentions on Brokeragea.com, our experts found many questionable digital papers that can be easily made using a photo editor. They are not confirmed by official companies, which means they cannot be trusted.
If a broker is not associated with regulatory companies, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our experts saw 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 Brokeragea.com.
Withdrawing money from Brokeragea.com
Are you going to make money with an online Forex broker? Make sure you can take money from him.
Studying the user agreement on the Brokeragea official website, our experts did not see specific information about the withdrawal methods. We also found a mention of punishments for the lack of activity of a personal account, but did not find data on their size. Since swindlers do not operate in the official field, it will not be possible to cancel these fines.
That is, if a trader has completed work with Brokeragea, he may be disturbed by calls and spammed with a demand to pay a fine.
How does Brokeragea operate?
The user search method used by Brokeragea is also alarming.
Fake social media accounts are used for advertising, in which fake users report how they quickly managed to get rich by trading on the Forex financial market using Brokeragea. Bots expose expensive cars and houses, vacations in resorts, and other manifestations of a prosperous life.
Non-existent people promise instant earnings, for which you do not need to learn or put in a lot of effort.
If a potential user gets in touch with scammers, Brokeragea employees talk about the possibility of making quick money, and also about the unique features of their software, which will make it possible to immediately earn serious income.
After that, all sorts of manipulations are used, making it possible to receive the maximum amount of finance from the client. For example, a fake profit can be arranged for the user to motivate them to transfer more deposits.
If work on the Forex financial market becomes unprofitable, the representative of the organization will recommend transferring even more in order to cover the losses.
Brokeragea managers work according to scripts created by experienced psychologists. Swindlers study data about a trader in order to put pressure on specific places, to lure out even more finances.
One way or another, all this will lead to one of the options:
- If you are going to take the investment before you find yourself in the red, you will be charged fees, forbidden to use the balance, and will do everything to force you to pay even more;
- When you allow scammers to drive the balance into a loan, threats will begin, criminals will extort to pay a fake loan.
Another way to make money for Brokeragea is to sell your confidential data to outside companies. Probably, after that, exhaustive information about you can be purchased for a small amount on some anonymous service on the dark web.
It is likely that as a result of this, various scammers, sales managers, etc. will write to you. You can also expect calls from Brokeragea colleagues who will offer a "return" of lost investments, of course for a fee.
Since Brokeragea does not operate in the legal field and remains incognito, Brokeragea cannot be forced to be liable under the laws of the UK. The owners of the shadow company are diligently hiding and, at best, the legitimate authorities will be able to figure out one of the "employees".
Can I work with Brokeragea?
In no case!
If you plan to give finances to criminals, then transfer them to charity.
In short, we will voice the evidence saying that Brokeragea are criminals:
- No official registration;
- No trial period;
- There is no information about the owners of the company;
- Phone number found in criminal operations;
- Negative account;
- Leverage over 1 to 50;
- Negative reviews;
- False information on the website.
Complete review of Brokeragea - finished. It is clear that Brokeragea are criminals.
For your safety, we have compiled a complete list of unscrupulous brokers.
