a review of the Brokerage company, is it as clean as they write about it?Julius Conley 13 / January / 22 Visitors: 349
The online broker Brokeragea, which operates in the UK, is considered a scam with a reputation tainted.
When we go to the official website of Brokeragea - Brokeragea.com, we will read that this organization provides services for working on the Forex financial market in England. Brokeragea also provides services for trading activities.
Our experts analyzed the Brokeragea official website, got acquainted with the terms of operations, made attempts to get test access to the services, analyzed the existence of official documents, the place of registration of the company.
With the help of this information, we will find out: Brokeragea - a divorce or not?
In addition, we will explain to you how not to fall into the trap of scammers, about their operation algorithms. We will tell you all the information you need to keep your money safe.
Brokeragea is located in an offshore zone
The main call, saying that Brokeragea are scammers, is the state of registration. According to the documents, the company is registered in the Marshall Islands, which is already suspicious, since it operates in the UK. Offshore regions attract the attention of criminals due to the lack of legislation and control.
Also, this state does not have permits for trading in the Forex market.
In addition, when our employees tried to find a physical or legal address, mentions of the owners and management of Brokeragea, they could not find anything.
This already suggests that Brokeragea.com is an illegal online broker, working with which will result in serious financial losses.
Brokeragea owner data not found
After reviewing the website, we have not been able to find any truthful information about the directors of the Brokeragea.com organization. No addresses, no phone numbers or other means of contact.
We assume that this means that the current owners are trying to hide information about themselves in order to elude responsibility for actions. If you manage to contact one of the employees of Brokeragea, then everything will end with this, and the real owners of the fraudulent organization will remain at large.
Brokeragea, official website - Brokeragea, has been around for less than a month
The Brokeragea.com website talks about serious experience in the Forex market.
The main method of analyzing a site is to obtain data about its domain. As a rule, they contain the period of existence of the domain, the contact details of its owner.
In this case, the Brokeragea domain name has been operating for less than one month, and all information about the individual who owns it is classified. Another evidence that the organizers of Brokeragea are trying to remain anonymous.
Such a desire can be accepted, but not when it comes to a company acting as an intermediary between the user and the Forex market.
In addition to this, Brokeragea.com assures potential users that they have been trading the Forex market effectively for many years.
Brokeragea.com does not have a demo period
It is a normal practice for brokers to provide traders with a demo version of the software so that they can get acquainted with the interface, try their hand at playing the Forex financial market with virtual currency.
Unfortunately, on the Brokeragea website, we could not find any information about the trial period, the opportunity to try the software.
We assume that the director of the Brokeragea organization is most likely not going to provide clients with trial access to the service, as someone is able to suspect something is wrong.
Online broker Brokeragea operates with a negative balance
Official companies that trade on Forex do not use a negative balance in their work. In accordance with the laws, the user of an online broker is not able to spend more than what is currently on his account. In cases where the account goes into a negative value, it is not the user who is obliged to pay off his debts, but the company that offered the services.
Therefore, official Internet brokers do not use a negative balance in their work.
However, Brokeragea offers clients work with a negative balance, that is, on credit.
Why is it necessary?
To drive a trader into debt and start extorting a debt from him. This is one of the most commonly used methods of deception used by scammers.
In the event that this has already happened, you need to know that criminals have no way to recover finances under British law. Any method of influencing customers is illegal. The most that the bandits are capable of is to disturb with calls, send letters with threats.
It is impossible to work with Brokeragea, since any agreements will turn into new losses.
Brokeragea.com operate with leverage of 1 to 400 or more
At this point, it is clear that Brokeragea are criminals. Nevertheless, let us point out one more fact, namely the existence of an excessively large credit leverage.
The credit ratio is the ratio of money users and online brokers make when making a transaction. Leverage makes it possible to close large trading operations for users who do not have the appropriate amounts available.
To protect traders in the Forex financial market, in developed regions, laws provide for the use of leverage with the largest ratio of 1 to 30, sometimes fifty.
At the same time, Brokeragea uses a leverage of one to four hundred for operations on the Forex market.
A similar ratio is allowed in Switzerland, since organizations registered in this state enjoy considerable confidence. But Brokeragea is not issued in this state.
In fact, Brokeragea do not have permission to conduct Forex transactions with such a credit ratio, due to the high risk for users. Actually, this is used solely to force the user to invest more of their own funds, but also to drive them into loans.
Brokeragea local divisions
It is considered prestigious for any company to have local branches in civilized countries, even if the work takes place only in England. So Brokeragea informs that in addition to an impressive number of awards, they have regional offices in Britain, Australia and other civilized regions, as well as about thousands of qualified specialists.
It is very easy to check the availability of these offices. Since specialized organizations are known that control the activities of brokers. In the UK it's FCA, and in Australia it's ASIC.
Therefore, a legal firm must have supporting papers from these or other organizations that will prove their ability to provide trading services in the Forex financial market, indicate the degree of responsibility.
However, after analyzing industry websites, we were unable to find them. This once again reinforces the suspicions.
To register on Brokeragea.com, you need to transfer personal data
As we reported earlier, Brokeragea does not have a trial period and therefore, in order to gain access, you must immediately pay the minimum deposit to Brokeragea criminals. In addition, access to Brokeragea.com's personal account is only possible upon successful completion of user confirmation.
This means that Brokeragea requires users to provide information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (receipt for utilities);
- Information about qualifications, length of service, place of work.
In addition, during the initial transfer, scammers can gain access to bank account data.
Combined, this information could allow the thugs to smuggle a loan on a gullible user, or carry out other criminal operations.
Since registration on the Brokeragea.com website requires the transfer of confidential information, our employees did not have access to the Brokeragea personal account and Forex trading software.
A very important point of exposing Brokeragea is the analysis of user reviews.
A thorough study of the search results on the Internet yielded the following data:
- Most of the mentions and reviews of Brokeragea on the Internet are fake. These are similar positive mentions of a custom type;
- All real mentions and comments about Brokeragea are bad. Our experts have been unable to find any true references or comments from former Brokeragea.com clients that mention profit, efficient trading.
- Negative reviews and comments are related to criminal acts, theft of finances, special creation of credit.
In accordance with this, real reviews about Brokeragea report that this broker is a scam.
Brokeragea contact information and documents
After analyzing the mentions on Brokeragea.com, our experts saw a lot of questionable digital official papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then there is simply nowhere for traders to turn to for help.
On the "Contacts" page, our employees 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 an online Forex broker? Make sure you can take money from him.
After analyzing the client agreement on the Brokeragea website, our experts did not see clear information about the ways to withdraw funds. In addition, we found a description of the penalties for account inactivity, but there was no data on the size. Since the bandits do not operate in the official field, it will not be possible to cancel these requisitions.
Because of this, even if the trader has completed cooperation with Brokeragea, they can call and write letters demanding to pay a fine.
How does Brokeragea operate?
The user search method used by Brokeragea is also alarming.
For promotion, fake social media accounts are used, in which non-existent users spread information about how they quickly managed to get rich by making transactions in the Forex financial market using Brokeragea. Fakes demonstrate expensive cars and jewelry, holidays in resorts, and other indicators of a prosperous life.
They promise quick earnings, for which you do not need to study or make efforts.
If a potential client gets in touch with them, Brokeragea managers talk about the reality of rapid earnings, and in addition about some unique features of their software that will allow you to quickly earn a solid income.
Further, all sorts of tricks go into work, making it possible to get the maximum investment from the trader. For example, a client may be given a fake profit in order to provoke them to invest even more money.
When the work on the Forex financial market is negative, the personal manager will recommend investing more in order to compensate for the losses.
Brokeragea employees act according to scripts developed by qualified manipulators. Criminals study information about the client in order to act on vulnerabilities, to get even more deposits.
One way or another, everything will come to one of two options:
- When you are about to withdraw money before you find yourself in loans, you will draw fees, close the invested money, and will do everything to force you to transfer more;
- If you allow criminals to drive the balance into a minus, there will be threats, scammers will start extorting to pay off a fictitious debt.
An additional way to make money for Brokeragea can be the sale of your personal data to third parties. Most likely, as a result, information about you can actually be bought for a moderate amount of money on some anonymous service on the shadow Internet.
It is likely that because of this, all sorts of scammers, managers, etc. will begin to call you more often. You should also wait for letters from Brokeragea.com accomplices, who will begin to offer the "return" of lost deposits, of course for a fee.
Since Brokeragea does not operate in the official field and remains anonymous, they cannot be forced to answer under the law in Great Britain. The owners of the criminal firm are carefully hiding and in the best case, the police will be able to arrest one of the "workers".
Is it worth working with Brokeragea?
In no case!
Only if you are going to transfer money to scammers, then it is better to give it to a good cause.
Let's briefly state the facts that Brokeragea are scammers:
- No official registration;
- No trial period;
- Lack of information about the owners of the company;
- The phone number is seen in fraudulent transactions;
- Negative account;
- Credit ratio more than 1 to fifty;
- Negative reviews;
- False information on the official website.
This completes Brokeragea review. It is clear that Brokeragea are scammers.
We have compiled a list of brokers, that we recommend avoiding.