Scammed by fxflat. In. Scammed by fxflat

 
 InScammed by fxflat

org. After a few days of trading scalping, I requested a withdrawal and they simply refused, banned my account and delete my profits, and kept my money for 1 week, after the request they only send me my deposit. Regulated in Germany. 6 out of 5. Frequently Asked Questions. To find out if we recommend FXFlat for trading, read our review. The information sounds credible and the organization sounds legitimate. First of all, we want to assure you that you’re not alone. After a few days of trading scalping, I requested a withdrawal and they simply refused, banned my account. 5. It is regulated by the BaFin and supervised by the ACPR and AMF. 6. FXFlat, a German Foreign Forex Exchange, announced that they would continue their expansion of products. Spot a scam? Tell the BBB about it. We have given them a score of 4. These will not be honored an you will only get more demands for money. Home; Ratings. Regulated in Germany. What is the FXFlat minimum deposit? In. It is a German brokerage founded in 1997 and operates as a Market Maker. FXFlat Summary FXFlat is a broker for trading online through a quality and user friend online trading platform. Basic information from. Selma Hrynchuk Selma is a fraud prevention specialist renowned for her expertise in private eye investigations and a remarkable partnership with law enforcement agencies. FXFLAT is clearly a scam company that refutes paying clients money. You can read our FXFlat review today to learn all about them. 4. Rand / Dollar = 18. Germany. Mobile trading, trading signals, and technical analysis are also features of the MetaTrader 4. FXFlat’s main services include the facilitation of trades in a variety of financial instruments spread across several asset classes. FXFLAT is clearly a scam company that refutes paying clients money. BitReview – World's #1 Trading Reviews Forum Trading reviews, complaints, scams, verification. Let’s first see the background of this broker and then address the issues. If no resolution can be reached,. While the website appeared to be a little old fashioned in comparison to other sites but it works efficiently. Read our FXFlat review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this FXFlat review before you sign up with the broker. They are a liquidity provider with company headquarters located in Germany, which offers traders reliability with high standards. Skip to content +7 (702) 764-32-71; Broker scammed you? Search. FXFlat Bank AG zet opnieuw normen op het gebied van online brokerage: deposito's van klanten bij FXFlat Bank AG zijn sinds 1 maart beschermd met maximaal één miljoen euro per klant. All Share (J203) = 71 969. This poorly regulated financial services provider claims to be every trader’s gateway to the world of financial opportunities. There is NO withdrawal tax anywhere in the world that is paid to a broker and not a government. assistance. 2 Summary FXFlat is an online trading platform that we are reviewing for you today, our expert writers have gone over each and every aspect of the trading. com with our free review tool and find out if fxflat. FXFlat provides a wide range of trading platforms for customers to make the most of. Forex Futures being launched by FXFlat. 15 /10. It has likely happened to many others, and it its important to learn from these experiences. Is FXFlat a Scam or Not?Detailed FXFlat Review,which is a must read before you trade with this Forex broker. They had to make a $ 1,1 million refund payment to cover. FXFlat is a reputable trading broker with a regulated proposal, a wide selection of trading instruments, excellent customer service, and sophisticated educational opportunities. After a few days of trading scalping, I requested a withdrawal and they simply refused, disabled my account and delete my profits, and kept my money for 1 week, after the request they only send me my deposit. com) review by FinRecoveryInc. 01 pips to 0. Ria (non-Walmart transfers) at 1-877-443-1399. Forex Discussions. Scam Brokers Defraud Millions of Traders Each Year. (link sends email) . FXFlat Wertpapierhandelsbank GmbH is a. Spot a scam? Tell the BBB about it. FXFlat-Exceeded. Binary options Scams; CFD Scams; Cryptocurrency Scams; Diamond Investment Scams; FOREX SCAM; Investment Scams; Loan Fee Scams; Ponzi Schemes Scams; Shares And Bond Scams; Student Loan Scams; TRADING. com. 100% success guaranteed. Join Our Newsletter. FXFlat Conclusion. Typical frontend forex scams include: Forex Ponzi/pyramid schemes: Fraudsters claim to be representing a forex exchange, investment group, or account management firm to recruit investors. First analysis date: 03/04/2022. Join Our Newsletter. Regulated by BaFin and aligned with ESMA guidelines, FXFlat offers increased reliability to its investors. Useful. FXFlat is a German CFD broker founded in 1997 in Germany, it is regulated by BaFin and offers a wide range of trading instruments from Forex and CFDs to stocks, bonds, futures, options, cryptocurrencies and ETFs. com is legit and reliable. In the coming weeks, the futures catalogue be will be enhanced with Forex Futures. Report Scam if you were victimized by a fraud broker. FxFLat is a German Forex and CFD broker founded in 1997 based in Ratingen, Germany. Hi Everyone, Report Scam Community Forum is designed to help the victims of scam brokers in the best possible way. It’s a tempting offer. In order to market @miss_anna. Ask them to reverse the wire transfer and give you your money back. FXFlat is a trustworthy broker that offers a large range of products, outstanding client service, and comprehensive educational resources. com In order to be sure that FXFlat is not a scam, read our trader reviews and check other popular trading related websites and forums. Last Updated on April 13, 2023. How Refund and Recovery Scams Work. Follow our step-by-step guide to securely deposit your 1st trading amount. FXFlat is definitely one of the best known CFD brokers in the market, which is particularly convincing in the area of retail offerings, additional services and customer support - at least at first glance. Updated FXFlat Review and Information for you to Make an Informed Decision in 2021. DEGIRO's service is slightly better than flatex's and a comparison of their fees shows that DEGIRO's fees are slightly lower than flatex's. Click on the “Trading” tab on the top menu bar, and select “Demo Account” from the drop-down menu. I waited few hours, maybe was their service in mainteSCAM. 15 /10. Although the company is registered with two reputable financial market regulators. As a general rule for common scams victims have reported to - DO NOT send any 'withdrawal fees' or 'withdrawal taxes'. Com: Year of foundation: 1997: Regulation: BaFin: Email [email protected] Phone: 0800-039352800800-00393528: Instruments. Thread starter sofitlmm; Start date Oct 16, 2022; Watchers 2 Tags fxflatbank scam scammed me Forums. 6 billion. Scammers are changing their ways after the old ways were exposed and working hard on improving their stories. File a complaint against FXFlat by filling out the following form. from over 100 markets in 33. We would appreciate any financial help you can afford. Top 5 Amazon Scams in 2023 2. Reasons to Suspect FXFlat is Operating a Forex Scam. Our in-depth Fxflat review will show why the firm provides a fantastic option to trade BTC/USD CFD pairs using the MetaTrader platform. The brokerage offers a diverse range of trading instruments, multiple account types, tight spreads, and high leverage up to 1:2000. 4. FXFlat Review. 6. It also works with websites that offerI was operating on MT5 normally when i depare with a situation where i couldn't open trades. The allegation was to cheat people and then to be forced to surrender their operating license. The platform is ideally suited for traders of all categories, providing. Paghahanap ng broker. You can read our FXFlat review to see if we recommend this broker trade. If no resolution can be reached, there is still hope to recover your funds from FXFlat by attempting to open a chargeback case with your bank or credit card provider. ftc. Contact the wire transfer company. It’s become apparent that NovaTech FX, a popular trading firm, ceased all payment activity as of May 11th, including weekly returns and recruitment commissions, according to an announcement made last week. General Information. FXFlat is a trustworthy broker that offers a large range of products, outstanding client service, and comprehensive educational resources. The latest FXFlat review suggests that the company operates illegally and without a proper financial regulatory license. CapitalStreetFX Review – Leverage That Leads To Quick Loss Of Capital. FXFlat Scam Broker Review. Germany. Fees are inexpensive, and there are many platforms to choose from. According to our Fxflat review, this broker has a competent and user-friendly website. 3 pips, and commission-free trading depending on the account traders select. After a few days of trading scalping, I requested a withdrawal and they simply refused, banned my account and delete my profits, and kept my money for 1 week, after the request they only send me my deposit. FXFlat Pros and Cons; Is FXFlat safe or a scam? Leverage; Fees; Spread; Deposits and Withdrawals; Trading Platform; Conclusion; Our Review Method. US. The German BaFin (Federal Agency for Financial Services Supervision) has granted the company a regulatory license, which it now possesses. NovaTech FX stated, “We’re facing an issue that’s causing some errors in commission calculations. 15 /10. Read all FXFlat pros and cons,full description of trading. 0 stars 1. Join Our Newsletter. Tag: How do I recover my money from FXFlat. 3/5. In. Scam Forex Brokers Unregulated Forex Brokers No KYC Forex Brokers Brokers with Minimum $1 Deposit Brokers with Minimum $5 Deposit Brokers with Minimum $10. We’re doing the FXFlat Review due to withdrawal issues and numerous client complaints against the German FXFlat broker. The latest FXFlat. I have no complaints about the cooperation. FxFlat Overview. An up-to-date actionable summary of FXFlat revealing its LATEST forex no deposit promotion, sign-up bonus and new sign reward. You can perform trade operations; receive quotes and news in the online mode; control and manage open positions and pending orders; test and optimize trading strategies; conduct technical analysis and. Join Our Newsletter. We therefore advise that you report a scam and file a chargeback against FXFlat as the first step to recover your funds. 6. Cons. This website is a scam. FXFlat is a German online broker founded in 1997. All websites experience technical problems now and again, but if the site provides no solution to logging in, that is a good indication that you have been the target of a scam. Have you been scammed by FXFlat? Report Scammed Bitcoin will guide you through the process of getting your funds back. There is evidence online that they formerly owned Anvil Mortgage Bank, Ltd, a New York-based mortgage company. Share. In this FXFlat Review, we are going to take a look at the offer that this broker prepared for its traders. Updated FXFlat Review and Information for you to Make an Informed Decision in 2021. Feb 24, 2020. MoneyGram at 1-800-926-9400. FXFlat is a broker that has existed on the market since 1997 and offers its business from Great Britain. You might also like: FXFlat Demo Account You might also like: FXFlat Sign-up Bonus You might also. As you can tell, millions of people end up scam victims every year. FXFlat as a trading broker is a reliable choice, due to its long operational history, as well as the products and platforms it offers. This press announcement comes after the German Exchange released Traded Futures to clients a. If the Fxflat login is unavailable, that may not be a definite sign of a scam. Our Fxflat review 2022 found that the brand has been regulated by the Federal Agency for Financial Services Supervision and BaFin since 1998. Join our subscribers list to get the latest news, updates and special offers directly in your inboxFXFlat Islamic Account Reviewed: Everything you need to know before opening a Swap Free Account with 0% rollover charges. Having begun as a forex and CFD broker, FXFlat has expanded its offering to encompass various asset. In this FXFlat review, we have discussed the trading environment, conditions, benefits, and main costs. Translation Context Grammar Check Synonyms Conjugation. Danger. The scam appeared to take advantage of the fact that Twitter CEO Elon Musk is selling blue checks for $8, leading to a flood of parodies and scams backed by. You can also get help related to Fund Recovery Service related to these scams. In this Fxflat review, we'll tell you why the Fxflat cryptocurrency service is excellent news for residents of the UnitedLast Updated on April 13, 2023. To sum up the above, here are the Pros and Cons with regard to FXFlat: Pros. The company has been supervised by the Federal Agency for Financial Services Supervision (BaFin, 109603 ) since 1998 and managed to receive a number of approvals in the field. DO NOT DEPOSIT HERE!Headquarters: Germany: Website: FXFlat. This ReportScam Forum is opened to help the victims of Crypto frauds, Forex frauds, Bitcoin Scams, and Binary Fraud. General Information. You hear from a company such as Cncintel who claims to be able to help you recover money you lost from a previous investment. Millions of traders worldwide with diverse requirements utilize MetaTrader 4. And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against possible problems. Both the standard and professional accounts offered by FXflat charge a spread and commissions on trades. Top 5 PayPal Scams in 2023 3. Final Verdict: FXFlat Review. 4. FXFlat Meta Trader allows you to trade more than 120 currency pairs, indices, commodities, and equities on the MetaTrader4 platform. FXFlat offers a wide spectrum of financial instruments including stocks, bonds, options, futures, ETFs, commodities, spot forex and CFDs etc. Broker’s rating: 1. com)? If you have lost money with FX Plus (fxsp500. We’re doing the FXFlat Review due to withdrawal issues and numerous client complaints against the German FXFlat broker. Basic information from thisFxFlat review (2022) FxFlat is an online broker that has been providing clients access to a wide range of realible trading services in the financial markets ever since its establishment 1997. Nagbibigay ang WikiFX ng pagsusuri sa FXFlat: sumasaklaw sa mga lisensya, hanay ng mga market, review ng user, forex spread, trading leverage. FXFlat is a German online broker founded in 1997. Here are some highlights from 2022: Investment scams were huge, with reported losses of $3. This ReportScam Forum is opened to help the victims of Crypto frauds, Forex frauds, Bitcoin Scams, and Binary Fraud. FXFLAT is clearly a scam company that refutes paying clients money. It is regulated by the BaFin and supervised by the ACPR and AMF. Scam Detector World’s #1 Fraud Prevention Platform. FX-Chain sounds so much like any of these latest scam 'Exchanges'. FXFLAT is clearly a scam company that… FXFLAT is clearly a scam company that refutes paying clients money. View the pros and cons here. It has a sleek white and blue color scheme, and everything is presented in a logical and simple manner. What is the FXFlat minimum deposit? In order to start trading with FXFlat, you have to deposit at least 200 USD (Trading accounts can also be held in USD, EUR). It is worth noting that FXFlat has been successful for many years and proves its reliability, so today we will not evaluate it as a scam company. Broker with financial professionals. 8 billion. Never received my order. Automated Software Reviews;. WH Selfinvest Seeksto Be 'On the French Map' WH Selfinvest is. Therefore and in simple words, BaFIN ensures clients of FXFlat conditions, how firms operate traders and trades, as well as protects investors in any scenario. MetaTrader 4 is a platform for CFD and Forex trading, as well as for utilizing Expert Advisors. Overview Reviews About. WikiFX: FXFlat review, covering licenses, user reviews, forex spreads, leverage, Is FXFlat a scam or legit broker? Read WikiFX review before start trading. Check fxflat. Also, this is a major red flag !! We understand that this should be enough for you not to invest in them. FXFlat offers over 250 tradable instruments in the Forex, indices, stocks, and commodities markets. 3. Report the phishing attempt to the FTC at ReportFraud. Fill out the registration form with your personal information. Traders, be warned – EagleFX is a newly opened brand that shares striking similarities with other companies that previously scammed FX and crypto traders throughout the globe, and it does seem to copy some (or most) of the elements from JAFX, a brokerage that recently shut down due to it being sued by the. While most of us are still exploring how it works, scammers have already found a million ways to make a profit — by creating fake cryptocurrency trading websites and fake crypto wallet apps. The costs are low, and you have a wide range of options. Read our FXFlat review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this FXFlat review before. Raphael Leblond accepted the challenge of leading the French operation of FXFlat after ten years at a global leading online FX & CFD broker in a number of roles,. Walt Disney Co. This is a FXFlat (fxflat. 54 AM. The warnings were there and now they are gone. Account opening takes less effort at DEGIRO compared to flatex, deposit and withdrawal processes are about the same quality at DEGIRO, while customer service quality is. We did, however, find that there’s a connection between Assistance Refund and MyChargeBack, a brand we reviewed earlier. Tag: who are FXFlat? FOREX SCAM. We say poorly regulated because an offshore license doesn’t carry much value in terms of funds safety and risk control. Despite the fact that FXFlat forex broker has been operating for quite a long time, the company's priority is still the European market, which negatively affects the process of trading for Russian traders. com with our free review tool and find out if fxflat. In these scams, someone says they can help get your money back or recover the prize or item you never got, but you need to pay them first. Tell them it was a fraudulent transfer. RoboForex operates on the financial market since 2009. FxFlat provides excellent trading instruments such as Forex, CFDs, Stocks, Crytocurrencies, Bonds, ETFs, Futures, Options and Commodities across the world. FXFLAT is clearly a scam company that refutes paying clients money. Global Forex Broker Regulatory Inquiry APP. Online broker FXFlat is a subsidiary of the German financial holding Heyder Krüger & Kollegen GmbH and Wertpapierhandelsbank GmbH. Report a scam or fraud, or browse and view scams reported by others. FxFlat provides excellent trading instruments such as Forex, CFDs, Stocks, Crytocurrencies, Bonds, ETFs, Futures, Options and Commodities across the. J2T is an excellent broker that provides all the necessary tools for quality trading. FXFlat . FXFlat is an offshore or unreliable broker which is not regulated by any reputed regulation authority in its region. Is legit or a scam, can you trust Date of last check: 2023-05-24 Visit website. Scammers are Luring with Attractive Job Offering. FXFlat review: Is it a legit or scam forex and stocks broker? Review and Ratings Stock Brokers FXFlat Review FXFlat review: Regulations, Platforms, Trading. Obviously, regulatory obligation bringing to you as a trader clear state that the firm is fully legit, constantly overseen, and clear in the trading or investment service it provides. And yet, Assistance Refund doesn’t do so. It offers its clients access to a range of financial markets through its trading platform and provides trading tools, research and analysis resources, and educational materials to help traders make informed decisions. gov. Het aanbod is geldig voor alle rekeningen bij FXFlat Bank AG. While most of us are still exploring how it works, scammers have already found a million ways to make a profit — by creating fake cryptocurrency trading websites and fake crypto wallet apps. You can visit their website and sign up through the link below to start trading. Scam Info is a non-commercial project aimed at saving you from being scammed. Raphael Leblond, Head of FXFlat France. FXFlat is an award-winning provider of online trading in Forex and CFDs which has been in operation since 1997 and is based in Germany. The interface is simple and intuitive, and the fees are reasonable and transparent. Our Fxflat review 2023 found that the brand has been regulated by the Federal Agency for Financial Services Supervision and BaFin since 1998. Such regulation means that Fxflat is duty-bound to provide its customers with a secure and responsible online trading service. FXFlat is a German-based Market Maker Brokerage founded in 1997, owned by FXFlat Wertpapierhandelsbank GmbH, and running as securities trading bank since 25. There is evidence that the owners of Algo Online Retail have a seedy past. A popular Thai YouTuber allegedly cheated thousands of her followers to swindle about $55 million through a foreign exchange trading scam that reportedly promised hefty returns on their investments. What Should I Do If I Have Been Scammed by FXFlat? First and foremost, report the incident to your local authority department. fx Instagram account involved two key components: marketing and execution. FXFlat Scam Broker Review. FxFlat provides excellent trading instruments such as Forex, CFDs, Stocks, Crytocurrencies, Bonds, ETFs, Futures, Options and Commodities across the world. It offers competitive trading conditions on the industry’s standard MT4. Who are they? After actually visiting their website, they do not fall under any regulatory body. Need advice? Report scams Check Scamadviser! Have you been scammed by FXFlat? Report Scammed Bitcoin will guide you through the process of getting your funds back. Active Chargeback Scam. Jan 28, 2021. FXFlat Bank Reviews 132 • Excellent. The Trading Pit uses FXFlat and GBE Brokers as their broker options. The broker offers competitive spreads and conservative leverage and has been around since 1997, making it very unlikely that this bank who also offers trading services could be a scam. 35. An up-to-date actionable broker summary of FXFlat account types on offer, ranging from demo, pro and live accounts. Help the Better Business Bureau investigate scams and warn others. is legit or a scam, website info, reviews reviews. BaFin-regulated, MiFID compliant. 3. com is an online trading platform that pretends to be legit, but it’s an unregulated, fraudulent platform ready to disappear… Continue Reading → Posted in: HYIP , Offshore broker , Unregulated Investment Company Filed under: Fxflat Rackets Review , Fxflat Scams Review , Fxflat. 3 reviews. 32 USD, spreads from 0. Any Forex or crypto scam is cyber fraud at its. If you’ve been scammed, you may be targeted by a refund or recovery scam. Is FXFlat a scam or legit broker? Read FXFlat Review. Forex Brokers. Dennis . The decision. Scam Forex Brokers Unregulated Forex Brokers No KYC Forex Brokers Brokers with Minimum $1 Deposit Brokers with Minimum $5 Deposit Brokers with Minimum $10 Deposit. The broker offers an average number of tradable products compared to the leading brokers. This company takes on hopeless cases and wastes clients’ valuable time, money, and energy. FXFlat is a well-regulated German forex and CFD broker that also acts as an IB of several major UK brokerages. Domain creation date: 05/09/2006 (Over 2 years) Domain expiration date: 05/09/2024 (Less than 1 year left)FXFLAT is clearly a scam company that… FXFLAT is clearly a scam company that refutes paying clients money. png Check fxflat. Up-to-date Broker Summary. Meta Trader 4, which is one of the industry’s most widely-used platforms, is available, as is the even better and more updated version – Meta Trader 5. Note: Report Scam Community has conducted many researches before flagging FXFlat as a possible scam in this FXFlat Review. Score. 2-5 years. Regulated in Germany. In January 2023, the Ontario Securities Commission raised concerns about fraudulent brokers added to the warnings list. . FXFlat . CFTC: Phillip Galles and His Tyche Entities Fined Over $20M by. Broker’s rating: 1. After a few days of trading scalping, I requested a withdrawal and they simply refused, disabled my account and delete my profits, and kept my money for 1 week, after the request they only send me my deposit. Translations in context of "FXFlat" in English-Russian from Reverso Context: FXFlat is a licensed broker (there is a regulation of BaFin), but we did not find any detailed information about certification. WikiFX: FXFlat review, covering licenses, user reviews, forex spreads, leverage, Is FXFlat a scam or legit broker? Read WikiFX review before start trading. However, the complaints just keep appearing on the forums. 11/03/2023 at 10:03 PM . Report a scam or fraud, or browse and view scams reported by others. FXFlat . Fxflat. Date of experience: February 05, 2023. Demo account as well as real has its own weak and strong sides. FXFlat Review […]At least, this is for FXFlat’s clients who are very active on the platform. 2. 3. If you got a phishing text message, forward it to SPAM (7726). Random DM's or Telegram messages telling you how much money you can make from a small investment on their Exchange. 3. FXFlat-Exceeded. FXFLAT is an independent online broker recognized by both private traders and trusted organizations in the industry. The scam run by the @miss_anna. The company’s legal documents direct you back to the main page, but we weren’t able to find a single mention of their owner. com Frauds ReviewWhat is FxFlat. This forex trading broker provides learn currency trading education for learn trading online where traders can find an E-book, Training Events, Videos, tutorials on order types and. This is still not commonplace in the trading world, so it marks FXFlat out. Here are some of the very possible reasons why we have flagged this broker as a scam broker in this FXFlat review. We reveal all the pros and cons that could affect your trades. You cannot trust PayBack Ltd in 2023. It is regulated by the BaFin and supervised by the ACPR and AMF. All Share (J203) = 73 921. After detailed research done about this broker, we concluded that FXFlat ticks most of our boxes on a list of preferable requirements a forex brokerage should meet in regard to. Scam Brokers Globe Invest Hub Review 2023 – Who Is… January 31, 2023. 2022 is the year for cryptocurrency and blockchain as more and more people start to invest in the Metaverse. They are undoubtedly con artists, and we need to expose them. Attachments Screen Shot 2022-10-12 at 12. It’s always a good idea to check into how an online broker is licensed and regulated. To be honest, this one caught us by surprise. FXFlat is still regulated by BaFin, but its licensed status could be compromised. Having become one of the leaders in. com is an online trading platform that pretends to be legit, but it’s an unregulated, fraudulent platform ready to disappear with your funds without notice. Scammed by FXFlat Trading? Get Your Money Back From Trading Scams Free Consultation Livechat 24/7 High Recovery Success Rate See full list on 55brokers. Fxflat. The costs are. FXFlat is a first-class online brokerage. Global Forex Broker Regulatory Inquiry APP. Regarding previous comment, I've never had such a big spread on usdjpy as 10 points. Have. Overall, Trading with FXFlat involves leverage from 1:200, fees from $2. When it comes to trading platforms, the broker features MetaTrader 5, AgenaTrader, StereoTrader and MetaTrader 4. To dispel doubts. The broker also offers a range of funding methods, from bank transfer to PayPal. Close. This would help Scam Info to develop. Choose your preferred trading platform. 2023-10-24 0-6 months. Select the virtual funds amount you would like to use for your demo account. Claim your bonus here. Western Union at 1-800-448-1492. FXFlat is a trading brand owned by FXFlat Wertpapierhandelsbank GmbH, established under German law, also acting as a major introducing broker and securities trading Bank. Claim Bonus!Frontend Forex Fraud and Scams. 0 stars 1. FXFlat Conclusion . The best part is that the broker is charging very low commissions on these services. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker.