Safe Holdings drives brokers into negative balance
07 / February / 22
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Online broker Safe Holdings, operating in the UK, is considered a scam with a tarnished reputation.
If we go to the official website of Safe Holdings - Safe-holdings.com, we will find that the organization under study provides brokerage services for Forex trading operations in England. Safe Holdings also provides services for financial transactions.
Our experts examined the Safe Holdings website, got acquainted with the terms of operations, made a trip to get at least demo access to the services, studied the availability of official documents, the region of the company's residence.
With the help of this data, we will find out: Safe Holdings - a divorce or not?
We will also explain to you how not to get hooked by scammers, about their operation algorithms. We will give you the information you need to keep your money safe.
Safe Holdings is offshore
A serious sign that indicates that Safe-holdings.com are criminals is the country of registration. According to the documents, the company is registered in the Republic of the Marshall Islands, which is already in doubt, since the company operates in the UK. Offshore regions attract the attention of criminals due to the lack of laws and control.
Moreover, this state does not have the authority to work on the Forex market.
Moreover, when our experts tried to find the address, information about the owners and management of Safe-holdings.com, they could not find anything.
This already suggests that Safe Holdings is a shadow broker, working with which can result in serious financial losses.
No directors data found Safe-holdings.com
Having studied the official website, our employees could not find plausible data about the directors of Safe-holdings.com. No physical or legal address, no phone numbers or other means of contact.
We assume that this means that the directors are trying to hide data about themselves in order to avoid being held accountable for their actions. If one of the Safe Holdings employees can be found, then this will all end, and the organizers of the criminal company will remain at large.
Safe Holdings, official website - Safe Holdings, is less than a month old
The official website of Safe-holdings.com speaks of significant experience in Forex.
The main way to check a website is to obtain information about the domain. Most often, they indicate the period of existence of the domain, the contact details of its owner.
In our case, the Safe Holdings domain name works for less than thirty days, and information about the legal entity or individual that owns it is classified. Another evidence that the organizers of Safe Holdings are trying to maintain their anonymity.
This desire can be understood, but not when it comes to a financial firm working as an intermediary between the client and the Forex market.
At the same time, Safe-holdings.com assure their clients that they have been working effectively in Forex for many years.
Safe-holdings.com does not have a trial period
It is a common practice for Internet brokers to provide clients with a test version of the software in order for them to familiarize themselves with the interface, to try out the possibilities in trading on the Forex financial market with virtual currency.
Unfortunately, on the Safe Holdings website, we did not find any mention of a trial period, an opportunity to try out the software.
Probably the organizers of the Safe Holdings organization most likely do not plan to give users test access to the software, since someone may begin to suspect something is amiss.
Online broker Safe-holdings.com operates with a negative score
Legal firms that operate in the Forex market do not use a negative balance in their activities. In accordance with the laws, a trader of an online broker is not able to spend more than what is currently on his balance sheet. In rare situations, when the balance goes into a negative value, the loan must be repaid not by the user, but by the company that has provided its services.
Therefore, honest brokers do not use a negative balance in their activities.
Nevertheless, Safe Holdings offers users Forex operations with a negative balance, that is, in debt.
What is it for?
To drive the trader into a minus and start paying off the debt from him. This is one of the most commonly used methods of deception used by financial scammers.
If this happened, you need to know that scammers do not have the opportunity to recover finances under UK law. All methods of pressure on traders are illegal. The most that scammers can do is call, send messages with threats.
It is impossible to cooperate with Safe Holdings, as any agreements will turn into new losses.
Safe Holdings operates with a loan ratio of 1 to 400 or more
At this point, it becomes obvious that Safe Holdings is a scam. However, let's pay attention to one nuance, namely the existence of too much leverage.
Leverage is the ratio of customer funds and online brokers when concluding a transaction. It allows you to close large transactions to users who do not have enough money with them.
In order to protect clients in the Forex market, in civilized countries, legislation suggests the use of a credit ratio with the highest ratio of one to thirty, sometimes fifty.
At the same time, Safe Holdings uses a leverage of one to four hundred for Forex trading.
This relationship is legalized in Switzerland, as companies registered in this state enjoy great confidence. However, Safe Holdings is not registered there.
In fact, Safe Holdings is not authorized to conduct Forex operations with such a credit ratio, due to the high risk to clients. So, this is used solely to force the user not only to give away more of their funds, but also to drag them into debt.
Local branches of Safe Holdings
It is considered important for a financial organization to have local branches in civilized countries, even if the activity takes place exclusively in Britain. So Safe Holdings informs that in addition to an impressive number of awards, they have regional offices in the UK, Australia and other developed regions, and also about a large number of qualified employees.
Checking the availability of these representations is quite simple. Since industry structures that control the activities of Internet brokers are known. In the UK it's FCA, in Australia it's ASIC.
Accordingly, a legal organization must have official papers from these or other structures that will prove their authorized right to provide Forex trading services, regulate the degree of responsibility.
And yet, after analyzing the industry's official websites, we did not find them. Which once again reinforces our suspicions.
For registration on Safe-holdings.com, you need to transfer confidential data
As we said earlier, Safe Holdings does not have a test period, and therefore, in order to gain access, you must immediately pay the Safe Holdings bandits the minimum contribution. In addition, access to the Safe-holdings.com personal account is really only upon successful completion of the client's confirmation.
This means that Safe Holdings requires its users to provide information such as:
- Information about an individual (passport, driver's license, etc.);
- Data on the permanent place of residence (receipt for utilities);
- Data about the place of work, qualifications, experience.
In addition, with the initial payment, the bandits are able to access bank account information.
As a result, this information may enable the bandits to issue a loan to a client, or to carry out other illegal operations.
Since you need to transfer personal information to register on the Safe-holdings.com website, our experts did not get access to the Safe Holdings personal account and services for making money on Forex.
Safe Holdings Reviews
A very important point of exposure of Safe Holdings is the analysis of traders' feedback.
An analysis of the search results on the Internet gave us the following data:
- Most of the mentions and reviews of Safe Holdings on the Internet are fake. These are the same positive mentions and custom-type comments;
- All true reviews and comments about Safe Holdings are bad. Our experts could not find any mentions and comments from Safe-holdings.com users, which would talk about big earnings, productive work.
- Negative references are associated with criminal acts, stealing money, creating debt.
Because of this, real Safe Holdings reviews report that the internet broker in question is a scam.
Contact details and papers Safe Holdings
Analyzing information on Safe-holdings.com, we found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official firms, 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 specialists found 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 you can take money from him.
After examining the user agreement on the Safe Holdings website, we did not see any information available on the withdrawal methods. Also, our experts saw a mention of penalties for a long period of inactivity of a personal account, but did not find data on the amounts. Since fraudsters do not operate in a legal field, it will not be possible to protest these fines.
Because of this, if a trader stops working with Safe Holdings, he can be called and spammed with a demand to pay off the fine.
How does Safe Holdings operate?
The way Safe Holdings uses to find clients also raises suspicions.
For promotion, fake social media accounts are used, in which non-existent users talk about how they instantly managed to make a profit working on the Forex financial market with the help of Safe Holdings. Fakes expose expensive cars and real estate, trips to resorts and other manifestations of a prosperous life.
They guarantee instant earnings, for which you do not need to learn or put a lot of effort.
When a potential client gets in touch with them, Safe Holdings employees confirm the possibility of instant income, as well as some unique features of their programs that will immediately withdraw a large income.
After that, various techniques are used to get as much investment from the client as possible. For example, you may draw a small profit in order to provoke even more investment.
When trading on Forex becomes negative, the company representative will recommend transferring even more in order to close the negative.
Safe Holdings employees work according to algorithms developed by professional manipulators. Fraudsters analyze client information in order to put pressure on weak points and get even more deposits.
One way or another, everything will lead to one of two options:
- If you decide to withdraw your investment before you are in the red, you will be fined, banned from using the account, and will do everything to force you to transfer more;
- When you allow scammers to drive the balance on credit, threats will fall, scammers will begin to extort the return of a false debt.
Another method to generate income for Safe Holdings can be the transfer of your personal information to third parties. We think that after that, information about you can be obtained for a moderate amount on some anonymous service on the dark web.
It is likely that as a result of this, all kinds of criminals, managers, etc. will begin to write to you. You can also wait for letters from Safe Holdings' accomplices who will offer to "receive" the lost money, of course, for a bounty.
Since Safe Holdings does not operate in the official field and maintains anonymity, Safe Holdings cannot be forced to be liable under the law in the UK. The leaders of the criminal organization are skillfully disguised and, at best, the legitimate authorities will be able to figure out one of the "managers".
Should you work with Safe Holdings?
It is forbidden!
Only if you are going to transfer money to scammers, then it is better to transfer them to a good cause.
Let's briefly voice the evidence that Safe Holdings is a scam:
- No official registration;
- No trial period;
- Lack of information about the owners of the company;
- The phone number has been seen in criminal fraud;
- Negative score;
- Credit ratio greater than one to 50;
- Bad reviews;
- Inaccurate data on the official website.
This completes the review of Safe Holdings. It is clear that Safe Holdings are scammers.
For your safety, we have compiled a complete list of unscrupulous brokers.
