Fraud Report Archives

Noah Carter
Fraud Report
November 9, 2025
14 views

Lorvex Astra: Scam or Legit?

Lorvex Astra, a Dubai-based online trading platform, has recently drawn attention for its questionable regulatory standing and newly established online presence. Despite offering a wide range of trading instruments and using MetaTrader 5 (MT5) as its trading software, multiple inconsistencies in its registration, regulatory claims, and operational transparency suggest that the platform may not be as reliable as it appears.

Noah Carter
Fraud Report
November 2, 2025
38 views

Is Luxkonto a scam?

Luxkonto is an online trading platform registered in Luxembourg under LUX INVESTMENTS COMPANY S.À R.L. (B103611). It offers products such as forex, indices, commodities, stock CFDs, ETFs, and bonds, claiming support for MT4 and PRO Trader. However, the company is not regulated by CSSF, provides limited transparency on deposits, withdrawals, and partnerships, and mainly targets high-net-worth clients with a minimum investment starting at €50,000. The platform shows minimal web traffic and no active social media presence.

Noah Carter
Fraud Report
October 31, 2025
79 views

Wzzph Review: Why This Exchange Is a Scam

Noah Carter
Fraud Report
October 25, 2025
73 views

Is TronCore Forex Legitimate?

TronCore Forex presents itself as a global forex and crypto trading provider registered in Saint Lucia, but a deeper investigation reveals a lack of any verifiable company registration, regulatory oversight, or operational credibility.

Noah Carter
Fraud Report
October 17, 2025
1595 views

Is MaxiFy Reliable?

The platform tools and account types attract many traders. However, the lack of regulation and unclear funding channels are concerns. Technical issues also make it important for investors to be cautious.

Noah Carter
Fraud Report
October 17, 2025
421 views

Unveiling the Veil of Topexchange Investment

As fintech grows, platforms like Topexchange Investment attract investors with high-return promises—but carry hidden risks.

Noah Carter
Fraud Report
October 17, 2025
417 views

Is FxGlobalPrime a Ponzi Scheme?

FxGlobalPrime is an unregulated platform offering high-risk products. It’s flagged by regulators, so investors should be cautious.

Noah Carter
Fraud Report
October 15, 2025
481 views

Is Multi Stock Trading a Scam?

Multi Stock Trading offers various trading options but has serious issues like lack of regulation, poor support, and infrastructure problems, posing risks to investors.

Noah Carter
Fraud Report
October 15, 2025
483 views

Is Mega Expert Tradefx Reliable?

Mega Expert Tradefx claims to offer forex and contract-for-difference (CFD) trading services, covering stocks, precious metals, commodities, and cryptocurrencies. However, detailed investigations reveal numerous red flags, including falsified regulatory claims, opaque trading conditions, and minimal market presence. These issues cast serious doubt on the platform’s legitimacy and reliability. This article uncovers the risks and lesser-known truths about Mega Expert Tradefx.