The world of online trading has attracted countless investors, but not all brokers operate transparently. Some exploit loopholes and a lack of regulation to defraud investors. This Brokers review sheds light on Handelsrummet, AXIAGROUP, Pivot Capital, and Loopring Markets—four brokers suspected of engaging in fraudulent activities. By examining their regulatory status and business practices, we aim to help investors make informed decisions.
Handelsrummet Review
Website: https://handelsrummet.se/ (Not working)
Handelsrummet promotes itself as a trading service provider offering forex, indices, crypto, stocks, and commodities. However, it lacks transparency about its location and regulatory credentials. On November 13, 2024, the Swedish Financial Supervisory Authority (Finansinspektionen) issued a warning against Handelsrummet for operating without authorization in Sweden. The absence of a valid regulatory license makes it a highly risky platform for investors.
AXIAGROUP Review (Clone)
Websites: https://axiagroup.co/ and https://axiagroup.io/ (Both not functional)
AXIAGROUP falsely claims to be licensed by the Cyprus Securities and Exchange Commission (CySEC). Investigations reveal that the broker has misused the details of a legitimate CySEC-licensed firm to appear credible. On October 7, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added AXIAGROUP to its warning list for providing unauthorized investment services. These findings confirm AXIAGROUP as a fraudulent broker.
Pivot Capital Review
Website: https://pivot-capital.ltd/
Pivot Capital claims to operate from the UK but does not hold a Financial Conduct Authority (FCA) license. Without regulatory oversight, Pivot Capital poses a significant threat to investors, offering no legal protection for funds. The broker fails to meet basic transparency requirements, making it untrustworthy.
Loopring Markets Review
Website: https://www.loopring.cc/index.html
Loopring Markets markets itself as a reliable trading platform but fails to provide any regulatory details or contact information, such as an office address or phone number. Its lack of transparency and regulatory compliance raises serious concerns. This broker’s operations indicate a high probability of fraud, and investors are strongly advised to steer clear.
Are the Above Mention Brokers a Scam or Legit?
The findings in this Brokers review reveal that Handelsrummet, AXIAGROUP, Pivot Capital, and Loopring Markets are scam brokers. Handelsrummet has been flagged by the Swedish Financial Supervisory Authority, while AXIAGROUP is blacklisted by the CNMV for impersonating a licensed entity. Pivot Capital and Loopring Markets, with no regulatory approvals or transparency, follow a similar pattern of deceit. Investing with these brokers carries an extremely high risk of financial loss.
This Brokers review highlights the deceptive practices of Handelsrummet, AXIAGROUP, Pivot Capital, and Loopring Markets. None of these brokers hold valid regulatory licenses, and their activities have drawn warnings from financial watchdogs. Investing with these entities could lead to severe financial losses. Always verify the regulatory credentials of any broker before committing funds, and avoid brokers like handelsrummet.se, axiagroup.co, pivot-capital.ltd, and loopring.cc. Protect your investments by prioritizing transparency and legitimacy in the trading world.
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Got Scammed by The Above Mention Brokers? Scam Help Center Is Your Solution for a Refund!
It’s critical for victims of Handelsrummet, AXIAGROUP, Pivot Capital, and Loopring Markets to seek assistance from websites like the Scam Help Center. Recovering your money through a chargeback may be possible if you suspect dishonesty. Act promptly and ensure thorough documentation to strengthen your case and expedite the recovery process.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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