Don't mess with Sellfkings if you don't want to lose your money!
The Sellfkings broker, which operates on the territory of the Russian Federation, is a criminal with a bad reputation.
If we go to the official website of Sellfkings - Sellfkings.com, we will find that this company provides services for working on the Forex financial market in the Russian Federation. Sellfkings also provides programs for financial activities.
Our employees analyzed the Sellfkings website, got acquainted with the terms of operations, tried to get at least test access to the programs, investigated the existence of documents, the region where the company was registered.
With the help of this information, we will figure out: Sellfkings - a divorce or not?
In addition, we will explain to you how not to fall into the trap of scammers, about their ways of working. We will provide all the necessary data to keep your finances safe.
Sellfkings is located in an offshore country
The first signal that indicates that Sellfkings are scammers is the region of residence. Documentally, the company is registered in the Republic of the Marshall Islands, which is already suspicious, since Sellfkings.com operates in Russia. Offshore countries attract the attention of deceivers due to the absence of the need to comply with the law and the executive.
Moreover, this region does not have permissions to work on the Forex market.
In addition, when our experts tried to identify the real address, data about the owners and management of Sellfkings.com, they could not find anything.
This suggests that Sellfkings is an illegal Internet broker, working with which will result in serious financial losses.
Could not find information about the owners of Sellfkings.com
After analyzing the official site, our experts could not find any credible information about the organizers of the organization Sellfkings.com. No addresses, no phone numbers or other means of communication.
As a rule, this means that real directors are trying to hide information about themselves in order to hide from accountability for actions. If you manage to catch one of the Sellfkings employees, then everything will end with this, and the real owners of the shadow company will remain free with the money.
Sellfkings, website - Sellfkings.com, is valid for less than 30 days
The official website of Sellfkings.com talks about serious experience in the Forex market.
The most common way to study the official site is to obtain data about its domain name. Most often, they fix the period of operation of the domain name, information for contacting the owner.
In this case, the Sellfkings domain name exists for less than 30 days, and all information about the person who owns it is hidden. Another proof that Sellfkings management is trying to remain anonymous.
This desire can be understood, but not when it comes to a financial institution acting as an intermediary between the client and the Forex market.
At the same time, Sellfkings themselves assure their potential clients that they have been successfully trading on Forex for quite a long time.
Sellfkings does not have a trial period
It is normal practice for online brokers to give traders a test version of the software so that they get acquainted with the interface, try out the possibilities in Forex operations with fake money.
Unfortunately, on the Sellfkings website, we did not find any mention of a trial period, an opportunity to test the software.
We think that the owners of Sellfkings.com simply do not plan to give customers trial access to their service, as someone may begin to suspect a scam.
Online broker Sellfkings operates with a negative balance
Official firms that work on Forex do not use a negative account in their work. By law, the client of an online broker is not able to spend more than what is currently in his account. In those rare situations when the balance goes into a negative value, the loan will have to be repaid not by the trader, but by the company that provided its services.
In accordance with this, honest online brokers do not apply a negative balance in their activities.
However, Sellfkings provides its clients with Forex transactions with a negative balance, that is, on credit.
What is it for?
To drive the trader into the red and begin to demand that he pay off the debt. This is one of the most common fraud methods used by financial criminals.
If this has already happened, it must be remembered that criminals have no way to receive finance in accordance with the laws of the Russian Federation. Any methods of influencing you are illegal. The most that criminals can do is to disturb with calls, send letters with demands.
It is impossible to cooperate with Sellfkings, as any attempts to reach an agreement will result in new expenses.
Sellfkings work with a credit ratio of 1:400 or more
Already now, it becomes clear that the Sellfkings are bandits. However, let us point out one fact, namely the existence of too much leverage.
The credit ratio is the ratio of the funds of traders and online brokers when making a transaction. It gives the opportunity to make large trade transactions to users who do not have enough money available.
In order to protect users of the Forex market, in developed countries, the current legislation requires the use of leverage with the largest ratio of one to 30, in exceptional cases fifty.
At the same time, Sellfkings uses a leverage of one to four hundred for trading on the Forex market.
Such an attitude is allowed in Switzerland, since companies registered in this state enjoy great confidence. However, Sellfkings is not registered in this state.
In fact, Sellfkings cannot operate in the Forex financial market with such a credit ratio, due to the high risk for users. Accordingly, this is used solely to force the trader not only to give away more of their own finances, but also to drag them into loans.
Sellfkings Regional Branches
It is considered prestigious for any company to have local branches in developed regions, even if the activity is carried out only in Russia. So Sellfkings informs that in addition to a large number of awards, they have regional offices in Britain, Australia and other civilized countries, and in addition about a large number of experienced workers.
Checking the availability of these offices is quite simple. Since there are industry organizations that regulate the activities of brokers. In Britain it is FCA, and for example Australia it is ASIC.
That is, a legal firm must have supporting documents from these or other organizations that will confirm their ability to provide services for making money on Forex, and determine the level of responsibility.
Nevertheless, after analyzing specialized official sites, our experts did not find them. Which once again reinforces our suspicions.
To register on Sellfkings.com, you must transfer personal data
As we said before, Sellfkings does not have a trial period and because of this, in order to gain access, you must immediately transfer the minimum deposit to Sellfkings scammers. In addition, access to the Sellfkings.com personal account is possible only upon successful completion of identity verification.
This means that Sellfkings requires users to provide information such as:
- Information about an individual (passport, etc.);
- Information about the permanent place of residence (payments for utilities);
- Data about qualifications, place of work, experience.
In addition, during the initial transfer, scammers are able to access bank account data.
As a result, this information may enable fraudsters to issue a loan to a gullible user, or to carry out other illegal actions.
Since registration on the official website of Sellfkings.com requires sending your confidential information, our specialists did not get access to the Sellfkings personal account or Forex trading applications.
Reviews about Sellfkings
An important point of exposing Sellfkings is the analysis of traders' feedback.
A thorough study of the search results yielded the following information:
- Most Sellfkings reviews online are lies. These are similar positive mentions and comments of a paid nature;
- All real reviews about Sellfkings are negative. We have not been able to identify truthful references and comments from Sellfkings.com users reporting income, performance.
- Negative mentions are caused by fraudulent activities, theft of finances, special creation of credit.
Because of this, real Sellfkings reviews suggest that the online broker in question is a scam.
Sellfkings contact details and documents
While researching information on Sellfkings.com, our staff has identified many dubious digital documents that can be easily created using a photo editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online 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 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 an online Forex broker? Make sure you can take money from him.
After examining the client agreement on the Sellfkings website, we did not find specific information about the methods for withdrawing earned money. At the same time, our employees saw a description of punishments for a long inactivity of the account, but did not find information about the size. Since the bandits do not operate in the legal field, it will not work to protest these fines.
Therefore, if the client has ended cooperation with Sellfkings, they may start calling and writing letters demanding to pay a fine.
How does Sellfkings work?
The user search method used by Sellfkings also raises suspicions.
Fake social media accounts are used for advertising, in which fake users report how they quickly managed to get rich working on Forex with the help of Sellfkings. Fakes expose expensive cars and houses, vacations in resorts, and other signs of a rich life.
Fakes promise instant income, for which you do not need to learn or put a lot of effort.
When a potential user gets in touch with them, Sellfkings employees talk about the reality of a quick profit, and also about the unique abilities of their services, which will immediately earn serious income.
After that, various tricks come into play, making it possible to get the maximum finance from the trader. For example, a fake profit can be created for a client in order to provoke him to give more money.
If trading on the Forex financial market becomes negative, the company representative will offer to transfer more in order to compensate for the losses.
Sellfkings managers act according to algorithms developed by qualified psychologists. They analyze customer data in order to work on weak points, to extract even more money.
One way or another, everything will lead to one of the options:
- When you are about to receive finance before you find yourself in debt, you will be charged fees, freeze your account, and do everything to force you to transfer more;
- If you allow scammers to drive the account into debt, there will be threats, bandits will demand to pay a fake loan.
Another method to make a profit for Sellfkings can be the sale of your personal data to third-party companies. Probably, as a result, information about you can actually be bought for a modest amount of money on some anonymous service on the dark web.
Surely, because of this, all sorts of bandits, sales managers, etc. will write to you. You can also wait for letters from Sellfkings.com associates who will offer a "return" of lost finances, of course, for a chest.
Since Sellfkings does not operate in an official field and remains anonymous, they cannot be forced to respond under the law in the Russian Federation. The leaders of the criminal organization diligently disguise themselves and, at best, law enforcement agencies will be able to catch one of the "employees".
Can I work with Sellfkings?
It is forbidden!
Only if you are going to transfer finances to criminals, then give them to a good cause.
In short, we will voice the evidence saying that the Sellfkings are criminals:
- Lack of official registration;
- No test period;
- No information about the owners of the company;
- Phone number found in criminal schemes;
- Negative balance;
- Leverage greater than one to 50;
- Negative reviews;
- False information on the website.
Detailed review of Sellfkings - completed. Clearly the Sellfkings are scammers.