Best CoffeeGems Review: Coffee themed bitcoin Ponzi scheme

CoffeeGems operates in the coffee MLM niche. The company claims it was founded by “two dreamers, Abelardo and Antônia Santos”.

Supposedly the Santos’ are based out of Brazil and have “years of experience in the coffee production industry”.

If you run a search for either name however, nothing comes up in relation to coffee outside of CoffeeGems.

Seeing as the Santos’ appear on CoffeeGems’ website in name only, this puts a question mark on whether they actually exist.

CoffeeGems’ website domain (“”) was first registered in November 2015.

The private domain registration was last updated on October 12th, 2019.

I was able to verify through the Wayback Machine that prior to October 2019, CoffeeGems’ domain was for sale.

This confirms that the current owner(s) took possession of the domain in October 2019.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

CoffeeGems’ Products

CoffeeGems has no retailable products or services, with affiliates only able to market CoffeeGems affiliate membership itself.

CoffeeGem’s Compensation Plan

CoffeeGem affiliates invest bitcoin on the promise of an advertised weekly return:

  • Jamaican Blue – invest $50 to $99 worth of bitcoin and receive up to $8 a week
  • Kopi Luwak – invest $100 to $499 worth of bitcoin and receive up to $40 a week
  • Hacienda La Esmeralda – invest $500 to $999 worth of bitcoin and receive up to $80 a week
  • Finca El Injerto – invest $1000 to $4999 worth of bitcoin and receive up to $400 a week
  • Black Ivory – invest $5000 to $20,000 worth of bitcoin and receive up to $1600 a week

The math comes to roughly 8% a week, with returns paid out for two years.

Referral Commissions

A 13% direct referral commission is paid on funds invested by personally recruited affiliates.

Residual Commissions

CoffeeGems pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each day CoffeeGems tallies up new investment volume on both sides of the binary team.

Affiliates are paid 10% of investment volume on their weaker binary team side.

Note that CoffeeGems caps payable binary team levels based on how much an affiliate has invested:

  • invest at the Jamaican Blue tier and earn residual commissions down six binary team levels
  • invest at the Kopi Luwak tier and earn residual commissions down eleven binary team levels
  • invest at the Hacienda La Esmeralda tier and earn residual commissions down fifteen binary team levels
  • invest at the Finca El Injerto tier and earn residual commissions down eighteen binary team levels
  • invest at the Black Ivory tier and earn residual commissions down twenty-one unilevel team levels

Once paid out on, funds are matched against the stronger binary team side and flushed.

Any leftover volume on the stronger binary team side is carried over.

Joining CoffeeGems

CoffeeGems affiliate membership is free.

Full participation in the attached income opportunity however requires a minimum $50 investment.


CoffeeGems is a simple bitcoin Ponzi scheme wrapped in coffee marketing.

A company aimed to deliver the world’s best beans for your company’s coffee production so that your customers could enjoy premium quality coffee.

There’s no evidence of CoffeeGems having anything to do with coffee, outside of the marketing coffee on its website.

Furthermore CoffeeGems’ business model fails the Ponzi logic test.

Started as a small family-based business, Coffeegems took its first step on the 23rd of November 2015.

Coffeegems operates beyond the border and serves coffee companies around the globe.

Our company operates in over 60 countries and plans to expand its operations in other countries as there is a high demand for our coffee beans throughout the world.

Right now, Coffeegems supplies Coffee beans to more than 100 coffee brands globally. Presently the number of companies we are associated with is 220.

First there’s the fact that CoffeeGems didn’t exist until October 2019, when its website domain was purchased.

Secondly the coffee industry doesn’t do business in bitcoin, so it makes no sense for a company representing itself as a major player in the coffee industry to be soliciting investment in bitcoin.

Finally if Abelardo and Antônia Santos already had a coffee business capable of generating at least 8% a week, what do they need your money for?

As it stands the only verifiable source of revenue entering CoffeeGems is new investment.

Using new investment to pay existing investors an 8% weekly ROI makes CoffeeGems a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.

This will starve CoffeeGems of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.

If you’ve been swindled by a forex scammer, it’s not too late. While you may need to go to court if you’ve paid them by cash or check – good luck suing a con artist in Belize – credit card and bank transfer payments are more common, since they allow easy transfer of funds from country to country. In this case, you can simply have your bank or credit card company issue a chargeback to recover your money. This can be a complex, time-consuming, and intimidating process for the average person. Shieldforensics has been getting people’s money back for years. Contact us for a free consultation. We recover your money or you owe us nothing. It’s that simple.

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InvestMarkets Reviews 2021: Should You Trust this broker?

Best ForexTB Guide – Read our In Depth 2021 ForexTB Review

Benefits of Trading with ForexTB

💰 Min Deposit250
👱‍♂️ Used By5,000 ForexTB users and traders
📆 Founded2015
🌍 HQCyprus
👮‍♂️ RegulationCyprus Securities and Exchange Commission (CySEC), CIF license number 272/15
🚫 Excluded CountriesForexTB is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR

ForexTB is a Cyprus-based broker offering online trading through CFDs. Clients benefit from the leading MT4 trading platform and straightforward payment options. To find out whether to create an account, read our review of FXTB, which covers their CySEC license, mobile app, and explains how to contact the customer support team.

ForexTB Overview

ForexTB was created in 2015 and has offices in Cyprus. The brand is owned by Forex TB Limited and is licensed by the Cyprus Securities & Exchange Commission (CySEC) to provide trading services to clients throughout the European Economic Area (EEA) and Switzerland.

Trading Platforms

Clients can choose between two trading platforms. The first is a proprietary system developed by ForexTB for web-based trading, while the other is the industry standard – MetaTrader 4.

Web Trader

ForexTB’s web-based platform can be accessed directly from the broker’s website. The interface is clean and easy to navigate while offering one-click trading, six different chart types, plus a decent selection of indicators.

Multiple graphing tools can also be overlaid to analyse market sentiment. The only major drawback is the limited customisation available. Still, it’s an intuitive platform that will meet the needs of most new traders.

ForexTB Web Trader
ForexTB Web Trader

MetaTrader 4

MetaTrader 4 (MT4) is one of the most popular trading platforms for day trading forex. With a data-rich environment that is highly customisable, clients of all experience levels can effectively trade.

The platform boasts over 50 technical indicators and 30 chart analysis tools, alongside detailed trading and asset histories. The system is also compatible with automated trading algorithms. More experienced clients, in particular, will prefer to trade with MT4.

ForexTB MT4 trading platform
ForexTB MT4 trading platform

Assets & Markets

ForexTB clients can trade over 300 financial assets. Products include 50 forex pairs, major corporation shares, commodities including precious metals, energies and agricultural products, plus stock indices and cryptocurrencies.

Spreads & Commissions

ForexTB takes its cut from the spreads, which are competitive for VIP account holders at 1.1 pips on the EUR/USD and 1.4 pips on the GBP/USD. However, spreads are less competitive with the lower account tiers. For example, with the basic account, users get 2.5 pips on the EUR/USD and 2.8 pips on the GBP/USD, which is notably wider than competitors.

There is also an €80 charge for accounts inactive for over a month, plus a swap fee for positions that are held open overnight. Finally, ForexTB charge withdrawal fees at 3.5% for payment cards and up to €30 for bank transfers once you’ve exhausted your free monthly withdrawals.


Due to ESMA regulations, retail clients are restricted to leverage rates of 1:30. This is to prevent traders from magnifying their risk exposure. Professional traders at ForexTB benefit from leverage rates up to 1:400.

Mobile Apps

ForexTB provides a mobile version of its custom Web Trader platform. The FXTB app is supported by iOS and Android-powered devices and can provide push notifications to ensure that no trading opportunity is missed. With the ability to open and close positions, analyse charts, and follow prices of all tradeable assets, the mobile platform is functional and easy to use.

ForexTB mobile trading
ForexTB mobile trading

Payment Methods

ForexTB accounts can be funded and emptied using payment cards, e-wallets, and wire transfers. The broker accepts USD, GBP, and EUR. The minimum deposit is $250 and payments are usually processed the same day, although this can take longer if incorrect documentation is provided upon withdrawal request. While there are no fees for deposits, withdrawals can be costly if done frequently; each account type offers a certain number of free withdrawals before charges are applied.

Demo Account

FXTB offers a demo account that allows traders to explore new strategies and try the two trading platforms available. With $100,000 of simulated money automatically available, there is no risk to your capital.

Deals & Promotions

There are no promotions or deposit bonuses offered at the time of writing. There is, however, daily signals, market news, and an education centre equipped with webinars, online lessons, ebooks, and a glossary of relevant terms.

Regulation & Licensing

ForexTB is operated by Forex TB Ltd, a Cypriot investment firm licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC). Authorised to provide services to clients within Switzerland and the EEA, though not Belgium, ForexTB builds the trust of its clients through transparency, with a large legal section on the website providing clear information about the company.

Additional Features

ForexTB offers an expansive education section on their website, with different tips and advice for all experience levels. Complete with webinars, online lessons, articles, video tutorials, and ebooks, the education centre caters to all types of learners. Unfortunately, some parts of the education centre are not open to retail and lower-level accounts.

Beyond education, ForexTB offers daily signals and market news, a full economic calendar and an asset calculation tool that finds spreads, swaps, trade sizes, and fees in a few clicks.

 economic calendar
ForexTB economic calendar

With the MT4 and ForexTB platforms come the capability of automated trading, allowing traders to open and close positions based on pre-determined algorithms and market scenarios. Furthermore, each trader has a dedicated account manager to answer questions and provide support.

Account Types

There are four account types offered by FXTB, each aimed at traders with different needs. The leverage rates are the same for all account types, though professional and retail accounts differ.


  • $250 minimum deposit
  • EUR/USD 2.5 pip spread
  • Only 1 free withdrawal
  • 2 daily signal alerts
  • 1 basic lesson
  • No webinars


  • $25,000 minimum deposit
  • EUR/USD 2 pip spread
  • 1 monthly free withdrawal
  • 2 daily signal alerts
  • 2 basic lessons
  • 1 monthly webinar


  • $100,000 minimum deposit
  • EUR/USD 1.6 pip spread
  • 3 monthly free withdrawals
  • 4 daily signal alerts
  • 3 advanced lessons
  • 2 monthly webinars


  • $250,000 minimum deposit
  • EUR/USD 1.1 pip spread
  • No free withdrawal limit
  • 5 advanced lessons
  • 7 daily signal alerts
  • 5 monthly webinars


There are several reasons to consider registering for an FXTB investing account:

  • Comprehensive education centre
  • Daily signals & financial news
  • MT4 trading platform
  • Automated trading
  • Mobile app


ForexTB could improve in the following areas:

  • Unclear range of payment options
  • Limited customer support hours
  • Lack of social trading
  • Withdrawal fees

Trading Hours

ForexTB is open for trading 24 hours a day, 5 days a week, with platforms accessible over the weekends for analysis and portfolio management. Trading hours also vary between assets.

Customer Support

Traders can contact ForexTB customer support using the online chat function on the right of the broker’s website. The live message and voice chat is only open during trading hours.

The customer support team can also be contacted by:

  • Phone – +357 2 222 2353
  • Email –
  • Post – 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus

Safety & Security

ForexTB uses 128-bit Secure Sockets Layer (SSL) encryption for any transmissions, certified by Thawte and Comodo. All transactions are secured by firewalls, complex security systems, and two separate encryptions methods. Furthermore, for online payment card transactions, the 3D Secure V2 standard is met. ForexTB complies with all EU regulatory data protection laws.

ForexTB Verdict

The combination of platforms, tradable assets, and CySEC oversight puts ForexTB on the map. Customer reviews also praise the automated trading capabilities and daily signals. The only serious drawback is the withdrawal fees and wide spreads associated with standard account levels. As a result, we’d recommend opting for a higher account level to get the cheapest withdrawals, tightest spreads, and free daily signals.

Accepted Countries

ForexTB only accepts traders from Austria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Slovenia, Sweden, Iceland, Liechtenstein, Norway, Switzerland.


Is ForexTB a regulated, trustworthy broker?

The Cyprus Securities & Exchange Commission (CySEC) regulates ForexTB for operation in the European Economic Area (excluding Belgium) and Switzerland. This coupled with positive customer reviews makes them safe to open an account with.

What is the minimum deposit to create a ForexTB account?

The minimum deposit is $250 for a Basic account; however, this rises to $25,000 for Gold accounts, $100,000 for Platinum accounts, and $250,000 for VIP accounts. The minimum trade size is 0.01 lots.

What trading platforms does ForexTB offer?

ForexTB clients can trade using either the highly regarded MetaTrader 4, or the broker’s proprietary Web Trader platform. The FXTB web-based platform is best suited to beginners while more advanced traders will likely want the customisation and sophisticated features that come with MT4.

Does ForexTB offer a demo account?

Yes, a demo account can be opened with ForexTB. With $100,000 of notional money and a simulated market, the fully operational demo account can be useful for exploring strategies, platforms and indicators.

Can I open a ForexTB account in the USA?

No, ForexTB is currently only licensed to offer trading services in Switzerland and the EEA, though not Belgium.

 If you have any questions or you need an advice about the withdrawing process, feel free to contact us at
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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Best Radixoptionfx Review


Trading can be a great way to make some extra money. Unfortunately, it can also be a means of losing your savings if you aren’t careful. This is not meant to deter you–in many cases, trading is safe and reliable but only if you have the right broker. This means avoiding flashy phrases and hollow promises of outsized returns and sticking with brokers that have a solid reputation. This is why it is important to find out more about Radixoptionfx before opening an account and sending money or sending any documents. Read our Radixoptionfx review before sending your hard-earned cash.

Radixoptionfx Review

Our experts have investigated Radixoptionfx and have found some reasons to pause and look carefully before signing up. specializes in investigating brokers, evaluating them, and guiding our clients towards the best choices. If you have lost money with Radixoptionfx consult with our experts and we can do a full investigation and can help you put together a claim that will make it easier to retrieve your funds.

Radixoptionfx Complaints

Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their broker was problematic before they had already signed up. If Radixoptionfx shows any of these signs, either avoid them entirely or look very carefully before proceeding:Not regulatedHigh fees and commissionsNot enough information on the websitePoor communication and refusal to answer questionsPushy mannerKeeps mentioning rules and fees that were not outlined in the contractDoes not let you withdraw money from your account

These are a few of the warning signs of a problematic broker. Below, we will discuss red flags. If radixoptionfx exhibits any of these features, do not proceed without consulting an expert at

Radixoptionfx Red Flags: Scam Broker

Radixoptionfx regulation: None

It is never a good idea to work with an unregulated broker. This is because there is no excuse for a broker not to have at least some kind of license. The lowest-tier regulators have minimal requirements and oversight, and it is not a good idea to sign up with a broker with a low-tier license. However, even in these cases, the broker at least felt it was important to obtain a license. Those with no license at all want to get away with things without a regulator watching them.

It is also not advisable to work with a broker that has a license from a regulator that is not in the top two tiers. The lower-grade regulator does not provide much scrutiny concerning those they license and do not engage in oversight or deal with consumer complaints efficiently. Therefore, it can be almost as bad as working with a broker with no license. Look at Radixoptionfx’s license and ensure it is up-to-date and from a reliable regulator. If you have any questions about which regulators are the most trustworthy, consult with our experts.

Radixoptionfx Fees: Hidden and Predatory

If Radixoptionfx suddenly reveals there are fees for withdrawals when this wasn’t written anywhere on the website or in the contract, you can be suspicious of them. If there is transparency about fees, spreads, and commissions, you may notice they are high compared to the industry standard. To find out what the acceptable range is for fees, commissions, and spreads, you can do some research on the web or talk to our experts.

Radixoptionfx Communication: Poor & Pushy

A problematic broker may talk too much or not enough or in the wrong way. Some brokers will work hard to woo people at first only to ignore them and not answer their emails once they sign up. This is to discourage them from wanting to withdraw their money if they are scam brokers.

Don’t assume Radixoptionfx is legit just because they had a friendly chatbot to greet you when you first visited the site or because the broker gave you plenty of attention in the first weeks. You might have even apparently made money on some trades, but see what happens when you try to withdraw the money.

Some less than honest brokers will be pushy with clients and urge them to make certain trades. All brokers are required by law to reveal their own holdings. This prevents a pump and dump operation in which the broker will encourage his or her clients to buy an asset the broker holds until the price rises. Then the broker will sell their huge position and drive the price down, devaluating the holdings of their clients. This pump and dump strategy is illegal and Fund Recovery Experts are well-versed in filing claims in such cases.

Radixoptionfx withdrawals: Can’t Withdraw Funds

The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s fundsWill charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawingCease communication. They may be evasive or simply not communicate at all.

If Radixoptionfx is doing any of these things to avoid releasing your funds, contact our experts today.

Report Radixoptionfx problems

Are You Having Problems with Radixoptionfx? Report your complaint and get your money back

After examining Radixoptionfx, we have found some reasons to tread carefully. If you have lost money with Radixoptionfx, any other broker or simply want to find out more about another broker, speak to our experts. We advise clients and can help them file a persuasive claim against scam brokers. With investigative reports and guidance, we can help you on the way to retrieving your funds.

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chart, trading, courses, finmartket
365 FX Review [2021] – Scam or Legit? Detailed Guidance on Crypto Trading App
  • Our Review
  • 365 FX User Reviews
  • 365 FX News
About 365 FX
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is 365 FX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets – licensed by ASIC in Australia

Is 365 FX a scam or legit broker?

No, it is not safe to trade with 365 FX. 365 FX is owned by Fintech Software Inc. which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as GoldmanCFD, Obsbit and more. 

365 FX is a brand name owned and operated by Fintech Software Inc., which is managed and owned by the team of professionals, specializing in forex trading, financial options, online marketing, commodities, stocks, derivatives, etc., as claimed on the website.

365 FX Review

The broker states its address in London, however, is not registered officially to be able to deliver its financial services. In addition, the ruts of the company show the entity located in the Marshall Islands, which is known offshore zone. Nevertheless, the brokerage operates trading without licensing while targeting clients from various entities, therefore the company was warned by the authorities to stop their business offering. The statement below was issued by the Irelands Central Bank, while further, the regulatory bodies from EU spread the information through their sources too.

“The Central Bank of Ireland published the name of an unauthorized investment firm, 365-FX/365BinaryOption/Oproserv Limited/Fintech Software Inc., that states its addresses in the United Kingdom and the Marshall Islands. It is a criminal offense for an unauthorized firm to provide financial services in Ireland that would require an authorization under the relevant legislation, which the Central Bank is the responsible body for enforcing.”

Central Bank of Ireland. October 2018.

Investment through authorized firms involves significant risks that mainly concerns about loss of capital. Those companies are acting apart from the scope of international controls that are designed to protect a client and the investment itself. For that reason, we advise all investors and traders to avoid 365 FX and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

 If you have any questions or you need an advice about the withdrawing process, feel free to contact us at
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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Torque Bot review – a HUGE scam [Bitconnect clone!]

What is Torque Bot

Torque Bot is a cryptocurrency trading platform that trades on behalf of its members and supposedly makes them money.

The company allegedly uses artificial intelligence as well as manual trading to achieve daily returns that range between 0.15% and 0.45%.

The main strategies revolve around arbitrage trading and scalping.

The Torque Bot company allegedly is based in Singapore and its CEO is Bernard Ong. It also is supposed to have offices in four other countries in Asia.

The minimum deposit to start investing with Torque Bot is 0.02 BTC, or 1 ETH, or 5 LTC, or 250 USDT, which basically means the equivalent of 250 USD.

Deposits are made in mainstream cryptocurrencies and converted to the Torque Token (TORQ). Profits are paid in TORQ and the minimum withdrawal amount is the equivalent of 2 USD (2 USDT, or 0.0005 BTC, or 0.01 ETH, or 0.001 LTC).

You can use a mobile app called Torque Super Wallet to do all your business with Torque Bot.


Is Torque Bot legit?

No, Torque Bot is not legit. First of all, it is a completely anonymous operation. On its website we found no contact information at all. Claims about offices in Singapore and other countries are extremely likely false.

A legit company would provide real contact information and proof of registration and regulation.

Let’s get this straight: Torque Bot is providing investment services, because it offers returns on investment. This means that its activities are subject to financial regulation.

This also means that Torque Bot needs a license from a financial regulator valid in every country it wants to have users in.

But in reality, Torque Bot is not registered nor licensed in any country in the world, therefore it is an illegal investment service. It is not legit!

Torque Bot Holdings

The Torque Bot scam

The truth is that Torque Bot is a scam. We needed just a few minutes to see that it is the old Bitconnect scam recipe recycled again.

It works like this: You create a Ponzi scheme that is doing nothing but redistributing deposits made into the system. You make up a story about how you generate profits in crypto trading, while in reality you don’t do any real trading.

To rip off your victims twice, you sell them your own worthless scam coin (TORQ) and take their real cryptos, so that they are left completely empty- handed when your house of cards collapses.

We have seen many scams using this recipe, like Netfix for example, and Torque Bot is one of them.

To be clear, Torque Bot is not doing any real cryptocurrency trading, at least not profitable. It’s a Ponzi scheme that relies solely on deposits, it uses them to pay out profits. Which means that sooner or later it has to collapse.

Referral system

Irrational returns

One of the giveaways of investment scams is the promise of daily (more or less) stable profits. Because it is not possible to have daily profits in financial trading, let alone in crypto trading.

Every real financial trader will tell you that it is impossible to be profitable every day. Heck, even every week in green is close to a miracle. That’s just how financial markets work.

Moreover, Torque Bot is promising up to 13.5% monthly returns just from trading. Then they promise 97% of you referrals’ deposits across seven levels. This means that in total their trading would have to generate a lot more than 13.5% monthly on a constant basis, which is ridiculous. One of the reasons is that arbitrage trading is not scalable.

Not to mention that Torque Bot claims that it is completely risk free, which is another total nonsense in the world of trading. Financial trading always is risky!

All in all, the investment plan of Torque Bot is a big proof that the whole operation is a scam.

No risk free trading

TORQ scam coin

As we have already mentioned, the Torque Bot runs on its native Torque token (TORQ). This is a scam element that should make look the project legit, but it is not.

The TORQ token is an absolutely worthless piece of garbage. No reputable cryptocurrency exchange is trading with it. It is listed only on Yobit, where the TORQ liquidity and daily volume are practically zero.

What does it mean? It means that TORQ has no value and you can’t exchange it for real money, it is worthless. Therefore, being paid in TORQ is equal to not being paid.

You are dependent on scammers who run the Torque Bot if they will be willing to exchange your TORQs for a real cryptocurrency and let you withdraw.

How Torque Bot works

We have already touched this subject, Torque Bot works as a Ponzi scheme. It depends on people depositing money into the system.

All deposits are gathered in a pool and this money is then used to payout daily profits. You can probably guess that total deposits need to be higher than total withdrawals, otherwise it won’t work.

And this is precisely what Ponzi schemes rely on. At the beginning new members are rushing in and the velocity of deposits exceed withdrawals. More and more money is coming in and withdrawals are delayed relatively to the deposits.

But with every Ponzi scheme there always comes the day when there are not enough deposits to cover the withdrawals, which brings the inevitable collapse. Torque Bot is going to collapse, the only question is when.

Don’t join it, because it can collapse right after your first deposit. Even if you manage to pull out some profits out of Torque Bot before it collapses, it would be somebody else’s loss. Because remember, Torque Bot is not doing any real trading, it just takes money from some people and gives it to others. Don’t play this game of the greater fool, it always kicks back.

Torque Bot scam

Torque Bot review – the conclusion

Torque Bot is a scam, a Ponzi scheme that is destined to collapse. The Torque coin is a worthless piece of garbage that is not tradeable on any reputable exchange. Stay away from it as far as you can!

If you are interested in legit cryptocurrency trading, you can start on a free demo account with a regulated company and see how it really works.

If you decide to invest real money, please be sure to understand the risks and have a good strategy. have one of the largest databases of listed unregulated brokers on the market, which they have successfully recovered monies from.
They have a wealth of experience in tackling both local and international fraudsters and are happy to tackle all cases however complex.
With very good online reviews their simplistic, emphatic and successful approach is a proven serum for the recovery of funds.

CONTACT: Get your money back guaranteed with shield forensics

Best Yardoption review – 5 things you should know about

Beware! Yardoption is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Yardoption is a visual breath of fresh air, one that we had been dying to take. Note, however, that we are speaking of the visuals only. The content and trading conditions are a totally different story, one that we will tell through the following review. Now it’s a good time to remind readers that we have previously reviewed many brokers who left an aesthetic impression on us, but who turned out to be disastrous in every other aspect of their being. Read the review to find out all about Yardoption.

In order to sign up, a user must complete a form that took us less than 10 seconds to fill. After that we were redirected to a user dashboard, which was in fact a trading platform. There were were given a EUR/USD spread of 7.6 pips on average; i.e there is no profit to be made at all! The leverage is capped at 1:1000, which can be both very profitable and very dangerous. The assets for trading are indices, commodities, forex pairs, and stocks.

The website comes in English and Russian.


The footer of the website of this broker is revealing a very worrying truth about Yardoption. Namely that it is located in Saint Vincent and the Grenadines, a country that does not issue proper FX broker regulations. Nevertheless, this has not stopped hundreds of illicit brokers to register their brands there, a procedure which is obviously very easy to do. All these firms may be registered there, but are not at all licensed in SVG.

Furthermore, there are typical clauses scattered throughout the legal provisions that aim to clarify, but fail to do so, that the user is bound by his or her local laws. This means that Yardoption is NOT REGULATED by any agency.

Traders should be trading with risk-free brokers, that hold licensed from renowned and austere agencies, like the FCA  or CySec , which have made a name for themselves as some of the top regulators. Readers should be aware that both agencies have adapted very strict rules of conduct, and their licensing framework guarantees safety and security for all clientele. A good example of this is the segregation of accounts which assures that client money and broker money are kept in separate accounts. Furthermore, FCA/CySEC brokers participate in a financial reimbursement scheme that cover traders losses in case the broker becomes insolvent. The FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros.

We would like to point you to the fact that the broker can send your personal data to its affiliates and business partners. These so called partners are left unknown.

The legal previsions may, somehow, be reassigned to a third party…How this happens, and why is of no concern; all you need to know is that illicit brokers are the only ones that allow for such ludicrous things to happen.


This trading software has been uncovered before by us, and we clearly remember that these previous brokers were all unregulated, and so you pretty much have an ideas to the quality of this terminal.

The only pro for this are the pending orders. Everything else is completely below average. In other words, this terminal is almost useless and a sign that the broker using it is unregulated. It does not meet the standards of the forex industry… stick to the MT4.

The margin requirements can be changed at any time without notice. Please be ware of this.


According to the funding area in the user dashboard for registered clients, the minimum deposit is $250. Users can deposit via credit cards, debit cards, wire transfer, and perfectmoney.

The withdrawal section, on the other hand, was completely unresponsive, and as a result was useless. We believe that even if we had deposited, the broker would not have allowed us to withdraw!

The withdrawals are said to appear in an account after 5 days of the request. The minimum withdrawal amount is $10. As is common with this type of broker, there are fees and commission that are as ambiguous and mysterious as they can get. The legal documents keep mentioning taxes and charges, but do not clarify on their nature or amount. The only withdrawal fee mentioned in the Terms and Conditions is $35

The client is the one who has to pay all of the company’s claims and expenses.

Withdrawals must first pass through an unspecified trading volume requirement, before getting processed. This is ridiculous, not only because it is unacceptable for a broker to have this, but also because the turnover requirement has not been disclosed.

All bonus withdrawals are open only when the client has completed a turnover of 40 times the bonus amount.

Inactive accounts are taxed a $30 dormant account commission which is applied every month if a user has been inactive for more than 5 months.

Charge-backs are frowned upon at Yardoption. In case a user proceeds with one, the company will not consider all withdrawal requests.

Yardoption hasn’t skipped out on the indemnification clause. This common amongst illegal brokers provision absolves the company of any responsibility it has towards its users.

As you can make out for yourselves, the broker is completely illegal and as such has allowed itself to do what ever it pleases, as proven by all these stupendous provisions. All this tells us that there is nothing at Yardoption that is worth your deposit! This firm will not return your investment, this we assure you!

How does the scam work?

The usual scam operates on a multi-level, though very basic model. The users will be tempted to click on an Internet ad promising quick and easy profits. If they do, it will take them to a website that will ask for their personal details, including email address and phone number. Once they submit this information, an avalanche of emails and phone calls will be unleashed. Scammers will promise the world to these potential traders in order to induce them to make an initial deposit between $200 and $300.

These “brokers” will get a fat commission from the deposited sums and will transfer the unsuspecting users to “senior” scammers. The latter are smooth talkers who will try to persuade users to invest more funds, using phrases like “now is the right time” and “the moment is perfect for making hefty profits”. Of course, these are empty words, and traders will soon have doubts whether they have not been played.

When they try to withdraw their money, these doubts will be confirmed: the con-artists will do anything to deny or at least delay their withdrawals. From trying to convince the traders that they are making a big mistake to withdraw funds now because they will lose big profits, to asking for additional documents or citing clauses in the accepted agreements, to transferring you to another department, there is a single objective to delay the users from filing for a chargeback with their financial institution and lose any chances of recovering their money.

What to do when scammed?

Anyone can fall prey to such a scam. In the unfortunate event this happens to you, there are a few things you can do. If you deposited using a credit card you should immediately file for a chargeback. In an effort to combat online fraud VISA and MasterCard have extended the period in which one can file a chargeback to a year and a half, so there is a big chance that you may be able to recover your funds. If however, you used a bank wire or bitcoin to deposit, chances to get your money back are almost none.

We should also warn against “recovery agencies” who prey on victimized traders by claiming they can recover their funds. These scammers will ask you to pay a fee for this service, but will only take your money and do nothing.

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Best 24xForex Review ( and Scam)
24xForex Review

Read our 24xForex review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a review and

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So 24xForex is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at and we will help you with this step as well.

Make sure you leave reviews about 24xForex in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

24xForex Review Conclusions

Making the 24xForex review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our 24xForex review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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wealth recovery Expert
Don’t Get Scammed Again by a Wealth Recovery Solutions Company

Wealth recovery solutions companies are on the rise and as we know all too well, the world of online trading is filled with scammers looking to take advantage of inexperienced investors. Unfortunately, this extends not just to brokers, but also to supposed wealth recovery solutions companies. Here is how you can avoid getting scammed again by a wealth recovery company.

By following the guidelines below, you can protect yourself from fraudulent fund recovery services:

Scammed Again by a Wealth Recovery Company
  1. Make sure to make your payment by credit or debit card: This ensures that you will be protected in case the company fails to deliver on their promises.
  2. Read the contract carefully: This can help you understand the fees, if there may any additional fees, and what you are agreeing to, precisely.
  3. Do not pay a large up-front fee for wire recovery services: Some less than honest wealth recovery companies don’t reveal that your chances for recovering deposits made via wire transfer are less than 5%.
  4. Check the company’s reviews: Look at trusted review sites like Trustpilot  or Sitejabber to see what other people are saying about the company.

Let’s dig a little deeper…

If you were scammed by a broker, that really sucks. Sadly, some of these same brokers open scam wealth recovery companies to re-target their own victims. If you received a call or email out of the blue from a wealth recovery solutions company you did not contact and they claim that they want to help you get payback, this is likely because they are connected to the scammers. Keep reading and I’ll explain each of the 4 pieces of advice above so you can make sure you don’t get scammed again by a wealth recovery solutions company.

1) Be sure to pay the recovery company by credit card

A client of ours recently shared that they paid a recovery company via Jupiter, a cryptocurrency payment company. This is a huge red flag. I won’t name the wealth recovery company in question here due to legal considerations. However, based on this alone, I would not be surprised if they are a full blown scam. By paying with a credit or debit card, you protect yourself from getting scammed again since you can raise a chargeback against the recovery company if they do not deliver on their promises.

2) Read the contract carefully

In order for your chargeback rights to have any teeth, you need to make sure you don’t sign anything to hurt yourself. Many wealth recovery solutions companies take large up-front fees (10% of funds lost is common) but they fail to hold themselves accountable to actually get your money back. For example, in our contract, we charge a small, flat up-front fee. Then, we make a commitment that if we don’t raise a chargeback, we will refund your up-front fee. This does not mean we guarantee that we will win your case, but it means that we are accountable.

3) Do not pay a large up-front fee for wire recovery services

The chances of getting your money back from your broker in a case where you made your deposits via wire transfer are less than 5%. However, some scam or less than honest fund wealth recovery solutions companies do not disclose this. Instead, they mislead their clients into thinking that the chances for recovery are high while charging large up-front fees for this service. This is blatantly dishonest. If a wealth recovery solutions firm tries this on you, stay away! Don’t scammed again by a wealth recovery solutions company.

4) Check the wealth recover solutions company’s reviews

Business review sites can be a good way to check a scam recovery company’s reputation. What are other people saying about this? Are their clients satisfied? Now, keep in mind that review sites are not 100% accurate. Sometimes, companies will leave fake positive reviews for themselves. A good thing to look out for is the following: If the company has a combination of glowing reviews and horrible one star reviews, it is likely that the glowing reviews are fake. However, if there are mostly positive reviews with a few mediocre ones, that is more likely to be real.

Bonus Tip:

There are scammers all over the internet using the “wealth recovery solutions” pitch to try and scam or re-scam victims. If a comment on a website reads “my chargeback did not go through but then I met this person and they helped me” you can be sure that this is a scam. Just because a wealth recovery solutions company is not on a broker blacklist or on a broker complaint registry, doesn’t mean it’s not a scam.

Some final notes on how to avoid getting scammed again by a wealth recovery solutions company

Make sure to follow all of the advice above. Also, don’t forget to do your homework. Pay attention. Google the company. And good luck! If you have any questions related to this article or in general, please feel free to contact us and we will do our best to assist.

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Best Wealth Recovery Expert: ShieldForensics

Hire Bitcoin Wealth recovery Expert to Recover Scammed Bitcoin

Hire a bitcoin wealth recovery expert to recover scammed bitcoin. A bitcoin wealth recovery expert is able to track bitcoin transactions and also investigate and apply all necessary technical processes needed to recover funds lost to bitcoin investment scam and other high level digital currency scams.

Using the service of a bitcoin wealth recovery expert to recover scammed bitcoin, offers you the best and the largest crypto recovery / reclaim solution by providing the potential for billions of dollars in misappropriated cryptocurrency to be effectively and legally recovered.

Before now, there was no end-to-end effective solution in the public market for pursuing the rights of victims of cryptocurrency-related frauds. The early stage, cross-border character, scale, and new technological complexity of blockchain has hindered efforts of victims and law enforcement. A bitcoin wealth recovery expert is able to use the combination of fit for purpose technology, operational processes, experience and capabilities to effectively recover scammed or stolen bitcoin and other misappropriated virtual assets.

wealth recovery expert

Best Bitcoin Recovery Expert to Recover Scammed Bitcoin

Who needs to hire a bitcoin wealth recovery expert? Anyone who has lost cryptocurrency funds in any form of a hack, shut down and/or hacked exchange, ransomware, ransoms, fake ICOs or who simply has lost funds by sending them to the wrong address. Did you lose lose access to your account by losing your bitcoin private key or, did you lose money to fake bitcoin miners?

You can get all your lost funds back by hiring one of the best bitcoin wealth recovery experts out there. After a lot of thorough examination and scrutiny, we present to you the 2 best bitcoin recovery experts;

ShieldForensics – Email address: / Website:

Recover Money from Binary Options and Forex Loss

Have you been misled and scammed by Online Trading, Binary Options / Forex or Cryptocurrency? It is time to recover the money you lost with Binary Options! Once you know how scammers work and all their tricks, then it is almost certain you will get your money back. There are networks of interconnected specialists and firms which is 100% operational and worldwide.

This networks knows how to follow and recover your money, making sure it is refunded. If you got hurt by one of those scammers, please contact one of the recommended wealth recovery experts with the form urgently, we assure you that you will get your money back within a short period of time. Let us examine 2 ways to recover money lost to binary options;

A.) Get Your Money Back Through a Chargeback: If you’ve fallen victim to a binary options scam then the easiest way to get your money back is through something known as a chargeback. A chargeback is a way of claiming your money back directly via your card-issuer or bank & its very effective.

By issuing a chargeback you do not have to deal with the binary options company directly, instead you simply deal with your card-issuer or bank & they handle the communications with the specific company that scammed you on your behalf.

The good thing about the chargeback is that the customer is generally favored to win the case right from the very start. As a customer issuing a chargeback your card-issuer/bank basically takes your side & then it is up to the merchant (the company that scammed you) to prove that they delivered a quality service to you.

Here are a few quick important points about chargebacks:

You can use a chargeback even if the company has since closed down

Typically you must make a chargeback within 120 days of when you first noticed the problem

Visa has an overall chargeback cut off date of 540 days from the date you initially sent the money

B.) Hire a Wealth recovery Expert to Recover Money Lost to Binary Options Forex: Since I spent a lot of time exposing these scam binary systems & brokers over the past couple of years I’ve had a lot of people who’ve been involved (and burned) by binary options systems reach out to me for help.

To this day I still get emails from people, but what I’ve noticed recently is a trend of people asking me about specific binary option recovery companies that claim they are dedicated to helping binary options victims to get their money back.

Now these companies certainly can help, but a chargeback is actually something you can do yourself (and its fairly straight forward too). I’m going to show you exactly how you can do it right here in this blog post & if you feel confident you can attempt to handle the case yourself.

Hire Wealth recovery Experts to Recover your Lost Funds and Get Money Back from Binary Options Forex

So if you decide you would like the help of a third party company, then they’d be my top pick but if you’re feeling confident about tackling it yourself then you need to initiate a chargeback via your card issuer to attempt to get a refund.

Recover from binary options, forex trading losses. Get professional help to recover money loss in binary options loss, recovery of money from binary options fraud, forex and binary options trading scam recovery. Stop losing money, and recover your money within the shortest time frame. Contact any of this wealth recovery experts;

Shield Forensics – //

Both companies also offer the best trading strategies to help you continually make good amount of money and operate a profitable trading system.

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Best WiseFunds review. Is WiseFunds Legit?

WiseFunds. A lot of things about this Agency do not add up, for starters there does not seem to be any notable regulatory body backing them up, this is one of the biggest indicators of a fraudulent brokerage agency and the reason is simple, a company that is not under any regulatory body does not operate under the standard legal practice of forex trade, thus an investor has no official body to refer to in order to hold them accountable for when there is a breach of trust and agreement and they will most likely get away with it if the proper channels for fund recovery are not known to the victim.


During our investigation, we noticed several duplicate sites run by WiseFunds designated to different countries but not withstanding they are all the same scheme operating through a unified pattern but taking on a different outlook with each individual site; examples of these sites are; and Thus if you have interacted with any of these sites and gone a step further to make a deposit with any of them, it is advisable that you request for immediate withdrawal of funds so as not to get roped into their scheme. They may try to convince you to make a larger deposit and promise you greater returns upon requesting withdrawal, beware! It is just another ploy to get more out of you before leaving you completely handicapped.


Unable to withdraw funds with WiseFunds?

If youhave been unable to withdraw your funds with them, then the writing on the wall is pretty clear; you have been scammed but it is advisable to stay calm so as not to suffer a mental, physical or emotional breakdown which could be detrimental, read on and carry out the following guidelines:

  • Please make sure to write a review detailing your experience with them on other sites to spread the word and warn others from falling victim, this puts them on the spotlight to be exposed and compromises their operation.
  • Second proceed to recover your stolen funds: Many people make the mistake of settling after getting scammed, others go to the police to make a statement or hire a lawyer but while these are intelligent moves to make, they often lead nowhere and have you spending even more money chasing shadows because scam organizations do a lot of work to cover their tracks and most of the time the addresses or locations on their sites are false. A scam broker can be operating from China whilst using an office address in Europe, Australia or the United Kingdom which makesthen very hard to locate.

However there is hope for you if you have lost all your money in trading with WiseFunds, all you have to do is contact, this agency specializes in tracking down the most notorious and untraceable internet based fraudsters and con artists using high grade technology. They have helped hundreds of people recover from scams and regain financial stability and they will help you. Contact them as soon as possible to recover your lost funds.

Shield Forensics – //

Both companies also offer the best trading strategies to help you continually make good amount of money and operate a profitable trading system.

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