Scam Reviews


BitAurox Review

Similarly to SagaTrade, TriumphFX, and Kiplar, BitAurox is an unlicensed broker platform. Unscrupulous brokers who operate outside of the regulatory system pose a risk to investors. Avoid them at all costs because they don’t reveal who they are and could vanish at any time. Brokerage firms that operate illegally online can’t guarantee the safety of their customers.


Brokers that operate outside of the regulatory system are not subject to any oversight. 


In the event that they cheat you in any manner, whether it be through “glitches” or “malfunctions” causing severe slippage in their system, or if you want to make a withdrawal and they don’t process it (therefore stealing your money), getting your money back would be challenging.

BitAurox Reliability? License and Security


Another broker that claims to be based in the UK and to be entitled to all the benefits that come with that claim. However, those who have been verified as legitimate are the ones who reap the advantages, while those who aren’t, like BitAurox, can only watch enviously from afar.


BitAurox does not act in this way, but we all know that any aspiring broker will do anything to get their hands on a license from the United Kingdom (FCA), which is widely considered to be the gold standard. 


BitAurox and others like it have flooded the foreign exchange market and continue to do so. These have no interest in gaining any sort of certification or official recognition.


They only care about making money as quickly and easily as possible. To rephrase, the broker does not hold any relevant licenses in either the United Kingdom or any other country. Your investments will be lost, and any private information that has leaked out will be sold or otherwise exploited for BitAurox’s benefit. Don’t waste your money here!


If you work with a broker who isn’t licensed in your country or who operates offshore, you’re nearly guaranteed to get scammed.


Here are some examples of offshore brokers:


  • SagaTrade: Because SagaTrade is not regulated, it can’t promise that your money will be safe.
  • TriumphFX: Stay away from this unlicensed broker if you value your investment capital.
  • Kiplar: As an unregulated brokerage, they pose a risk to your investment capital.

BitAurox Trading Platform Available


In the end, we were not successful in accessing any kind of desktop or web-based trading program. The first thing that stood in the way of this was the fact that we were unable to create an account.


However, beyond a few descriptions, actual access to the supposedly available web trader was not provided.


Also, it never occurred to us that BitAurox would be a firm that would go through the trouble of including software in their product. It is not the intention of this company to actually supply users with legitimate FX trading services; rather, the intention is to defraud users.

Deposit and Withdraw Methods


It’s worth noting that BitAurox is one of the few brokers that can get away with requiring a $10,000 minimum deposit.  This is an impossible standard to meet, to say the least!


Credit cards and debit cards are the advertised means of deposit. The BitAurox website isn’t exactly the most credible source, thus we can safely assume that this data is also unreliable. In addition, there is no information about withdrawals anywhere, thus it is unclear whether or not it is possible to make a withdrawal.

BitAurox Offers Bonus


An unregulated broker that offers a huge cash incentive and won’t disclose the terms of the bonus is probably trying to trick you.


BitAurox offers an 8% cash back when you spend using their ‘Visa” card. Additionally, you’ll earn a 14% interest on your crypto assets.


Forex brokers should not offer any returns at all, regardless of how small or huge they may be. To put it another way, if a broker promises to make you money, it is a fraud. 

How Does the Scam Work?


Trading financial products, especially with the assistance of trustworthy brokers, is a high-risk endeavor, even for experienced investors. In addition, there are many phony brokerage websites in the market, and newcomers to the industry may fall for one of these. 


In order to lure in their victims, the scammers behind these sites use sophisticated methods of deceit and a promise of instant wealth. 


Scammers often promise to take care of every detail of your investment and may even impersonate trustworthy companies in order to trick you into thinking your money is being put to good use. When you invest a tiny bit, they’ll claim you’re already seeing tremendous returns and convince you to invest more.


Your money is not being invested, therefore you won’t make any of the promised returns. Withdrawing even a small amount of money is complicated by minimum trading volume requirements that are tough to meet and hidden fees that amount to several percentage points of your total funds. 


Since scammers operate under assumed names and offshore firms that are not subject to any oversight, they cannot be held accountable for their actions.

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Scammers will use email or text messages to trick you into providing personal information. However, there are several precautions you can take. Read on to learn how to protect yourself from phishing scams.

What is Phishing?

Phishing is a type of online scam in which criminals use email, text messages, advertisements, or other means to impersonate legitimate organizations in order to steal sensitive information. This is usually accomplished by including a link that appears to take you to the company’s website to fill out your information – but the website is a clever forgery, and the information you provide goes directly to the scammers.

More phishing scams await people who work from home every day than ever before. These people spend a lot of time in front of the computer, making them ideal targets for Phishing Scams. Phishing scammers send emails that appear to be from legitimate sources. These emails may appear to be from someone you know, a website you’ve registered with, or even law enforcement. It’s worth noting that these phishing emails got better over time.

When you open a phishing email, it usually confirms that there is a general problem. When you click on the link in the email, you are taken to a fraudulent website. When you enter your login information, the scammers gain access to your actual account on the legitimate website.

How to Avoid Phishing Scams

Many phishing emails may be blocked by your email spam filters. However, scammers are constantly trying to outwit spam filters, so it’s a good idea to add additional layers of protection.

Here are some tips you can take right now to safeguard yourself against phishing attacks.

Use security software to safeguard your computer. Configure the software to automatically update so that it can deal with any new security threats. Set your phone’s software to update automatically to protect it. These updates may provide you with critical security protection. Use multi-factor authentication to secure your accounts. Some accounts provide additional security by requiring two or more credentials to log in. This is referred to as multi-factor authentication. Back up your data to protect it. Make a backup of your data and ensure that it is not connected to your home network. You can save your computer files to an external hard drive or to the cloud. Back up your phone’s data as well.

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Fraudsters are quick to lure online investors into online money trading scams. Because novice investors are vulnerable to deception due to a lack of knowledge, these fraudsters can detect them from a long distance. Those looking to make quick money online are unlikely to conduct adequate research before investing. Scammers take advantage of this fact by promising risk-free high returns on fictitious investments. Nonetheless, there are numerous legitimate ways to trade online. However, in order to detect scams, you must remain vigilant. To educate traders of all levels, Global Refund Group has compiled a list of the most common trading scams.

Binary Options Trading Scams are Old News

Most people are aware that binary options are illegal in many countries, but online scammers are experts at skirting the law. Using binary options is similar to betting on the direction of an asset’s price. You choose a stock and predict whether it will rise or fall; if you are right, you win. Unfortunately, many binary options brokers on the internet are complete swindlers. These con artists steal your money with no chance of a genuine payout. Traders must exercise extreme caution.

CFDs May Lead to Extensive Losses

Another risky asset is Contracts for Differences (CFDs). You agree to pay the difference in the value of an asset between now and a future date. As in binary options, if the price rises, you must pay; if the price falls, you are paid. Scammers offer high leverage to inexperienced traders who do not monitor their investments. CFDs are a complex investment that is not appropriate for beginners. Use your common sense and avoid the quick-money promises of online scammers.

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While no one can predict the future, it is safe to say that financial scams cause headaches and financial losses. You don’t have to be a victim if you’re cautious. Keep reading to know more about some debit and credit card scams to look out for in 2022, as well as how to avoid falling victim to these schemes.

The Oldest Trick In The Book of Credit Scams – Skimming

Prior to the introduction of chips, all debit and credit cards used magnetic strips. Cards still have these strips, even though most readers rely on chips. Some transactions can only be charged via the strip, providing an opportunity for scammers.

When scammers gain access to your card, you must act quickly because they can easily steal the credentials encoded in the magnetic strips. When they obtain these details, they can create a functional duplicate of your card and figure out your pin, granting them full access to your accounts. Skimmers will be hidden in real ATMs by professional scammers. The magnetic strip information and pins of anyone who visits that particular ATM are collected by these skimmers.

Another Common Method for Scammers: RFID Duplication

Radio Frequency Identification Technology (RFID) powers chips. Security scanners use the same technology to detect security tags in almost every store. Unfortunately, this novel technology has also led to an increase in credit and debit card scams. Scammers frequently use RFID readers to copy information from a card’s chip. They will then create counterfeit cards and use an app to spoof mobile payments. Keep in mind that you can purchase an electromagnetic field-resistant wallet that will prevent someone from reading your chip while it is in your pocket. Although you should still double-check to ensure that the security of your card is not compromised.

How to Protect Yourself from Debit and Credit Card Scams?

Signing up for online banking, if you haven’t already, is the simplest way to detect problems early. On a daily basis, check your balance and recent transactions. The earlier you detect fraud, the easier it is to limit its impact on your finances and life. If you notice any unusual transactions, contact your bank immediately. If you’re the forgetful type, start saving your debit card transaction receipts so you can compare them to your online transactions.

Anything you can do to make a thief’s job more difficult, such as keeping track of your balance, distributing your funds across multiple accounts, or using credit cards instead of debit cards, will help protect your checking account and reduce your chances of becoming a victim of debit card fraud.

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If someone isn’t who they said they are, find out who has really been taking your money

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