We are studying Brokerage, which is fraudulent for a number of reasons
Brokeragea, an online broker that operates in the UK, is a scam with a bad reputation.
If we go to the official website of Brokeragea - Brokeragea.com, we will read that our organization provides brokerage services for trading operations in the Forex financial market in England. Brokeragea also provides programs for trading activities.
We studied the Brokeragea website, got acquainted with the terms of action, made attempts to get at least demo access to the software, investigated the existence of official papers, the region of the company's residence.
With the help of the information received, we will find out: Brokeragea - a divorce or not?
In addition, we will explain to you how not to get caught in the networks of scammers, about their methods of operations. We will provide you with the information you need to keep your money safe.
Brokeragea is located in an offshore region
The first signal that says that Brokeragea are criminals is the registration region. The organization is documented in the Marshall Islands, which is already doubtful, since it operates in Great Britain. Offshore states are popular with deceivers due to the lack of laws and controls.
Moreover, this state does not have the authority to trade on the Forex market.
Moreover, when our experts tried to find the physical address, information about the owners and management of Brokeragea, they could not find anything.
This suggests that Brokeragea.com is an illegal online broker, cooperation with which will result in serious financial losses.
Brokeragea.com organizer data could not be found
After examining the site, our experts could not find true information about the organizers of the Brokeragea company. No legal address, no phone numbers or other means of communication.
Basically, this means that the owners try to hide themselves in order to avoid being held accountable for their actions. Even if you manage to contact one of the employees of Brokeragea, then everything will end there, and the real owners of the fraudulent company will remain at large.
Brokeragea, official site - Brokeragea, has been around for less than 30 days
The site Brokeragea.com talks about a lot of experience in the Forex market.
The main method of analyzing a website is to obtain information about the domain. Most often, they contain the age of the domain name, information for contacting its owner.
In this case, the Brokeragea.com domain name exists for less than one month, and all information about the legal or natural person that owns it is classified. Another proof that the director of Brokeragea is trying to preserve his anonymity.
This desire can be supported, but not in those cases when it comes to a company working as an intermediary between a trader and Forex.
At the same time, Brokeragea themselves assure potential users that they have been successfully operating in the Forex market for many years.
Brokeragea.com does not have a demo period
It is a common practice for online brokers to give their clients a demo version of their software so that they can get familiar with the interface and try their skills in playing Forex with fake money.
Unfortunately, on the Brokeragea.com website, we did not find any information about the trial period, the opportunity to try the software.
We think that Brokeragea.com's directors are simply not going to give users test access to the service, because someone might start to suspect something was wrong.
Brokeragea.com works with a negative account
Registered firms that operate in the Forex financial market do not use a negative account in their activities. By law, a broker user is not able to spend more now on the account. In rare cases, when the account goes into a negative value, its debts will have to be repaid not by the user, but by the company that provided its services.
Because of this, legal brokers do not use a negative account in their work.
Nevertheless, Brokeragea.com offers its clients Forex operations with a negative balance, that is, on credit.
What is it for?
In order to drive the client into a minus and extort him to pay the debt. This is one of the most common methods of fraud used by financial bandits.
If this has already happened, you need to know that criminals do not have the opportunity to extort investments in accordance with the laws of Great Britain. Absolutely all methods of influencing users are considered criminal. The most that the bandits are able to do is call, write messages with threats.
You cannot work with Brokeragea.com, as any agreements will result in losses.
Brokeragea operate with a leverage of 1 to 400 or more
Already, it is clear that Brokeragea are scammers. However, let us point out one fact, namely the presence of excessively large credit leverage.
The credit ratio is the ratio of the finances of clients and Internet brokers at the conclusion of a trading operation. Leverage allows you to close significant transactions for clients who do not have sufficient funds available.
In order to protect users of the Forex market, in civilized regions, laws require the use of a credit ratio with a maximum ratio of one to thirty, in rare cases fifty.
At the same time, Brokeragea applies a leverage of 1 to four hundred for operations on the Forex market.
This relationship is allowed in Switzerland, as companies registered in this country are highly trusted. However, Brokeragea is not registered in this state.
In fact, Brokeragea is not allowed to trade in the Forex market with such leverage, due to the high risk for users. So, this is done to force the client to invest more of his finances, but also to drag him into loans.
Brokeragea Regional Branches
It is considered solid for every financial organization to have local branches in developed countries, even if the work is carried out exclusively in England. So Brokeragea says that in addition to many awards, they have regional offices in Britain, Australia and other civilized regions, and in addition about many competent specialists.
It is quite easy to check the existence of these offices. Since there are specialized structures that regulate the activities of Internet brokers. In England it's FCA, in Australia it's ASIC.
Therefore, a law-abiding organization must have supporting documents from these or other structures that confirm their ability to provide services for trading operations on the Forex market, regulate the level of responsibility.
However, after checking specialized official websites, our experts could not find them. Which once again reinforces our fears.
For registration on Brokeragea.com, you need to transfer confidential data
As we mentioned earlier, Brokeragea does not have a trial period, and therefore, in order to gain access, you must immediately pay the Brokeragea bandits a minimum deposit. In addition, access to Brokeragea.com's personal account is possible only upon completion of client verification.
This means that Brokeragea requires users to submit information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (scans of utility bills);
- Information about qualifications, length of service, place of work.
Also, with the first payment, criminals are able to access bank card data.
As a result, this information may enable gangsters to issue a loan to the user, or to carry out other criminal activities.
Since you need to transfer your personal data to register on the Brokeragea.com website, our specialists have not been able to get access to Brokeragea's personal account, as well as applications for working on the Forex financial market.
An important step in exposing Brokeragea is the analysis of customer reviews.
A detailed study of the search results on the Internet gave us the following information:
- Most of the mentions and reviews of Brokeragea on the Internet are fake. These are the same type of positive mentions of a custom type;
- All real references to Brokeragea are negative. Our employees could not find truthful references from users of Brokeragea.com, which mention high earnings, productive activities.
- Negative mentions and comments are related to fraudulent activities, theft of funds, creation of debt.
Therefore, Brokeragea reviews indicate that the online broker in question is a scam.
Brokeragea contact information and official papers
Having studied the information on Brokeragea.com, we have identified many dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory firms, then there is simply nowhere for traders to turn to for help.
On the "Contacts" page, our employees identified a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Brokeragea.com.
Withdrawing money from Brokeragea.com
Are you going to make money with the help of an online Forex broker? Make sure that you can take away investments from him.
After analyzing the user agreement on the Brokeragea website, our staff did not find any information available about the withdrawal methods. Also, our employees identified a description of fines for a long period of inactivity of the account, but did not find data on their size. Since the criminals do not operate in the legal field, these fines cannot be protested.
Because of this, even if a trader has terminated cooperation with Brokeragea, he may be disturbed by calls and sent messages demanding to pay a fine.
How does Brokeragea work?
Suspicious and the way to search for users, which uses Brokeragea.
False social media profiles are used for advertising, in which fake users talk about how they instantly managed to earn income by working on the Forex market with the help of Brokeragea. Bots show expensive cars and houses, holidays in resorts, and other manifestations of a prosperous life.
Non-existent people promise a rapid increase in income, for which it is not necessary to learn or make efforts.
When a user gets in touch with scammers, Brokeragea managers inform about the possibility of rapid earnings, and besides, about the unique features of their software, which allow you to instantly make a big profit.
After that, various tricks are used, making it possible to get the maximum amount of deposits from the user. For example, you can create fake profits to provoke you to give more money.
If the work on the Forex market turns out to be negative, the personal manager will recommend transferring more to compensate for the negative.
Brokeragea managers work according to guidelines that have been developed by skilled manipulators. They study user data in order to act on vulnerabilities, lure out more deposits.
In any case, all this will come to one end:
- If you decide to withdraw money before you find yourself in loans, you will be charged fees, will freeze the invested money, and will do everything to force you to transfer more;
- When you give the bandits the opportunity to drive the account into debt, threats will come, scammers will begin to demand payment of a fake debt.
Another way to make money for Brokeragea is to sell your confidential information to third parties. We assume that, as a result, detailed information about you can be bought for a moderate amount of money on some anonymous service on the dark web.
Most likely, after that, various criminals, sales managers, etc. will start calling you. In addition, you can expect calls from Brokeragea.com colleagues who will offer to “receive” the lost money, of course for the load.
Since Brokeragea does not operate in a legal field and remains incognito, they cannot be forced to respond under current laws in the UK. The leaders of the shadow company carefully disguised themselves and in the best case, the police will be able to capture one of the "managers".
Can Brokeragea be trusted?
It is forbidden!
If you plan to give money to scammers, then spend it on charity.
Let us briefly list the evidence that Brokeragea are criminals:
- No official registration;
- No trial period;
- There is no data on the owners of the firm;
- The phone was found in criminal fraud;
- Negative balance;
- Leverage greater than 1 to fifty;
- Negative reviews;
- False information on the website.
Our Brokeragea review is complete. It is clear that Brokeragea are scammers.