Broker Sellfkings - complete scam and divorce for money!
Julius Conley
14 / March / 22
Visitors: 1528
The online broker Sellfkings, which operates in Russia, is considered a criminal with a tarnished reputation.
If we get to the official website of Sellfkings - Sellfkings.com, we will find out that our company offers intermediary services for working on the Forex financial market in the Russian Federation. In addition, Sellfkings provides software for financial actions.
Our specialists explored the Sellfkings website, got acquainted with the terms of operations, made attempts to get demo access to the programs, studied the availability of documents, the region of registration of the company.
With the help of the received data, we will figure out: Is Sellfkings a scam or not?
In addition, we will explain to you how not to fall into the trap of scammers, about their methods of work. We will tell you all the information you need to keep your investment safe.
Sellfkings organization based offshore
The main sign that says that Sellfkings.com is a scam is the country of registration. According to the documents, the company is registered in the Marshall Islands, which is already suspicious, since Sellfkings.com operates in Russia. Offshore states attract the attention of scammers due to the lack of laws and executive power.
Also, this country does not have rights to work in the Forex financial market.
Moreover, when our specialists tried to identify the legal address, mentions of the owners and management of Sellfkings, they failed to reveal anything.
This already shows that Sellfkings.com is an illegal Internet broker, cooperation with which will result in large financial losses.
Couldn't find Sellfkings.com owner data
After analyzing the website, our employees have not been able to find any truthful information about the directors of Sellfkings. No physical or legal address, no phone numbers or other methods to get in touch.
Basically, this means that the incumbent leaders are trying to hide themselves in order to avoid answering for their crimes. And even if you manage to catch one of the Sellfkings employees, then this will all end, and the leaders of the shadow organization will remain at large.
Sellfkings, official website - Sellfkings, is less than 30 days old
The Sellfkings.com website talks about years of Forex experience.
The main way to check a website is to obtain information about its domain name. As a rule, they contain the age of the domain, the contact information of its owner.
In this case, the Sellfkings domain name works for less than 30 days, and all data about the individual who owns it is hidden. Another proof that the director of Sellfkings is trying to preserve anonymity.
This desire can be accepted, but not when it comes to a company acting as an intermediary between the client and the Forex financial market.
At the same time, Sellfkings.com themselves assure their potential clients that they have been trading Forex effectively for quite a long time.
Sellfkings.com does not have a trial period
It is a common practice for Internet brokers to provide users with a demo version of the software so that they can get acquainted with the interface, try their skills in playing the Forex financial market with fake money.
Unfortunately, on the Sellfkings website, we did not find information about the demo period, the opportunity to try out the software.
We assume that the organizers of Sellfkings.com most likely do not plan to give traders test access to their software, as someone may suspect something is wrong.
Broker Sellfkings.com operates with a negative balance
Registered firms that operate in the Forex financial market do not use a negative balance in their activities. By law, a broker's client is not able to spend more now on his account. In those rare situations when the account goes negative, it is not the trader who has to pay off his debts, but the company that provided its services.
Therefore, legal brokers do not use a negative balance in their work.
And yet, Sellfkings.com gives users Forex transactions with a negative balance, that is, in debt.
What is it for?
In order to drive the client into credit and debt. This is one of the most popular fraud methods used by criminals.
If this has already happened, it must be remembered that criminals do not have the opportunity to extort investments under the law of Russia. All methods of influencing users are considered illegal. The maximum that criminals are capable of is to disturb with calls, write letters with threats.
It is impossible to cooperate with Sellfkings.com, since any attempts to reach an agreement will result in new losses.
Sellfkings operate with leverage of 1:400 or more
At this point, it becomes obvious that the Sellfkings are bandits. Nevertheless, let us point out another fact, namely the presence of an excessively high credit leverage.
Leverage is the ratio of the finances of users and online brokers when making a transaction. This allows significant trades to be made by traders who do not carry the appropriate amounts.
In order to protect customers in the Forex market, in developed countries, laws provide for the use of a credit ratio with the highest ratio of 1 to thirty, in exceptional cases 50.
At the same time, Sellfkings uses a credit ratio of one to four hundred to make money on the Forex market.
Such an attitude is allowed in Switzerland, since organizations registered in this state enjoy great confidence. However, Sellfkings is not registered in this state.
In fact, Sellfkings cannot trade in the Forex market with this credit ratio due to the high risk to clients. So, this is done solely in order to force the trader not only to transfer more of his own money, but also to drag him into loans.
Sellfkings Regional Offices
It is considered important for a company to have local branches in civilized states, even if the activity takes place exclusively in Russia. Therefore, Sellfkings talks about the fact that in addition to an impressive number of awards, they have regional divisions in Britain, Australia and other developed countries, and also about thousands of experienced employees.
Checking the presence of these representations is very simple. Since industry organizations are known that regulate the actions of brokers. In the UK it's FCA, and in Australia it's ASIC.
That is, the official company is obliged to have supporting papers from these or other structures that confirm their authorized right to provide trading services on the Forex market, indicate the degree of responsibility.
And yet, after checking the specialized official sites, our experts did not find them. This once again reinforces our suspicions.
To register on Sellfkings.com, you need to transfer personal data
As we mentioned earlier, Sellfkings does not have a trial period and, accordingly, in order to gain access, you must immediately pay the minimum payment to Sellfkings scammers. In addition, access to the personal account of Sellfkings.com is possible only after successful completion of user verification.
This means that Sellfkings requires its customers 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 qualifications, experience, place of work.
In addition, during the first transfer, the bandits can get access to bank account data.
As a result, this data may enable scammers to hang a loan on a deceived user, or carry out other shadow operations.
Since registration on the Sellfkings.com website requires the submission of personal data, our specialists have not gained access to the Sellfkings personal account or Forex trading programs.
Reviews about Sellfkings
An extremely important step in exposing Sellfkings is the analysis of feedback from traders.
A detailed analysis of the search results on the Internet gave us the following information:
- Most of the references to Sellfkings on the Internet are fake. These are the same positive reviews of the custom type;
- All true references to Sellfkings are bad. Our experts couldn't find true reviews and mentions from Sellfkings.com users, which would mention a good profit, efficient work.
- Bad reviews and comments are related to illegal activities, theft of investments, special creation of debt.
Therefore, reviews about Sellfkings report that this broker is a criminal.
Sellfkings contact information and official papers
After analyzing the information on Sellfkings.com, our experts have identified many 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 the broker is not associated with regulatory companies, then users simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Sellfkings.com.
Withdrawing money from Sellfkings.com
Are you going to make money with the help of the Forex financial market online broker? Make sure you can take money from him.
Analyzing the user agreement on the Sellfkings website, our experts did not find specific information about the ways to withdraw earned money. At the same time, our experts identified a description of punishments for prolonged inactivity of a personal account, but there was no information about their size. Since the criminals do not work in the legal field, it is impossible to protest these requisitions.
That is, even if the user has stopped working with Sellfkings, they can call and write letters demanding to pay a fine.
How does Sellfkings work?
The method of searching for users that Sellfkings uses is also a cause for concern.
Fake social media accounts are used for advertising, in which non-existent bloggers talk about how they quickly managed to make a profit by earning on the Forex financial market with the help of Sellfkings. Advertising profiles showcase expensive cars and jewelry, travel to resorts, and other manifestations of a prosperous life.
Non-existent people promise instant income, for which you do not need to learn or make efforts.
When a potential user gets in touch with scammers, Sellfkings employees report the reality of instant profit, and in addition, the unique features of their software that allow you to quickly earn serious money.
After that, various manipulations come into play, making it possible to get as much finance from the user as possible. For example, a small profit can be created for the client in order to provoke more investments.
When the Forex trades turn out to be unprofitable, the manager will recommend transferring more to make up for the losses.
Sellfkings employees work on algorithms that are developed by professional deceivers. Criminals analyze user information in order to influence specific places and get more money.
One way or another, all this will lead to one of two options:
- If you want to get finance before you find yourself in loans, you will be charged fees, forbidden to use the money invested, and will do everything to make you pay more;
- If you let the criminals drive the balance into a minus, threats will go, scammers will extort to pay off the fake debt.
Sellfkings can sell your confidential information to outside organizations as another way to make a profit. We think that, as a result, it will be possible to obtain comprehensive information about you for a moderate amount on some anonymous service on the dark web.
Most likely, because of this, various scammers, sellers, etc. will spam you more often. You should also wait for messages from Sellfkings colleagues who will offer the "return" of lost finances, of course, for a chest.
Since Sellfkings does not operate in a regulated field and remains incognito, Sellfkings cannot be forced to respond under the laws of the Russian Federation. The owners of the shadow company are carefully disguised and in the best case, law enforcement agencies will be able to capture one of the "administrators".
Can Sellfkings be trusted?
Never!
If you plan to give money to scammers, then it is better to transfer them to a good cause.
In short, we will voice the facts indicating that Sellfkings are scammers:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the company;
- Phone found in fraudulent transactions;
- Negative balance;
- Credit ratio greater than 1 to 50;
- Negative reviews;
- Invalid data on the website.
Our Sellfkings review is over. Clearly Sellfkings are scammers.
We have compiled a list of brokers, that we recommend avoiding.
