Brokeragea.com deceives users, sells their data and makes a negative balance on the account
Brokeragea, which operates in the UK, is a scammer with a notorious reputation.
When we get to the official website of Brokeragea - Brokeragea.com, we will find that the organization under study offers trading services on the Forex market in the UK. In addition, Brokeragea provides services for financial transactions.
Our specialists examined the Brokeragea website, got acquainted with the terms of operations, made attempts to get demo access to the programs, studied the availability of documents, the region where the organization was registered.
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 hooked by scammers, about their methods of operations. We will tell you all the information you need to keep your money safe.
Brokeragea is located in an offshore country
The first signal indicating that Brokeragea are criminals is the state of registration. According to the documents, the company is registered in the Marshall Islands, which is already doubtful, since the company operates in Britain. Offshore countries are popular with scammers due to the lack of laws and executive power.
In addition, this region does not have the authority to trade on Forex.
Also, when our employees tried to find the legal address, information about the owners and directors of Brokeragea, they could not find anything.
This hints that Brokeragea is a shadow Internet broker, cooperation with which can result in large financial losses.
Brokeragea.com organizer data not found
Having studied the site, we have not been able to find truthful information about the management of Brokeragea. No physical address, no phone numbers or other methods to get in touch.
Usually, this means that the directors are trying to hide themselves in order to hide from accountability for actions. If you manage to contact one of the Brokeragea employees, then everything will end there, and the real owners of the shadow company will remain at large.
Brokeragea, official website - Brokeragea.com, works less than thirty days
The Brokeragea website speaks of serious experience in the Forex market.
The most common method of checking the official site is to obtain information about its domain name. Basically, they indicate the period of operation of the domain, information for contacting its owner.
In our case, the Brokeragea domain is valid for less than one month, and all data about the person who owns it is hidden. Another proof that the owners of Brokeragea are trying to preserve anonymity.
Such a desire can be understood, but not when it comes to a financial company working as an intermediary between a client and the Forex market.
In addition to this, Brokeragea.com itself assures clients that they have been working effectively in the Forex market for many years.
Brokeragea does not have a trial period
It is a common practice for brokers to give traders a demo version of their software so that they can familiarize themselves with the interface and test their skills in playing the Forex market with fake currencies.
Unfortunately, on the Brokeragea.com website, we did not find any mention of a trial period, an opportunity to try out the programs.
Most likely, the organizers of the Brokeragea company simply do not plan to provide customers with trial access to their software, as someone may suspect something is wrong.
Brokeragea operates with a negative account
Official companies that operate in the Forex financial market do not use a negative account in their activities. In accordance with the laws, a trader of an Internet broker is not able to spend more than what is currently on the account. In rare cases, when the balance goes into a negative value, the loan must be repaid not by the user, but by the organization that provided the services.
Because of this, official brokers do not use a negative account in their activities.
And yet, Brokeragea.com gives its traders a job with a negative balance, that is, in debt.
What is it for?
To drive the trader into negative territory and repay the loan from him. This is one of the most common scams used by scammers.
In the event that this happens, you need to know that there are no ways for fraudsters to recover investments in accordance with the laws of Great Britain. Any methods of influencing traders are illegal. The maximum that scammers are able to do is call, send threatening letters.
It is impossible to work with Brokeragea, since all attempts to reach an agreement will result in new losses.
Brokeragea.com work with a credit ratio of one to four hundred or more
At this point, it becomes clear that Brokeragea are criminals. However, let's pay attention to one more fact, namely the existence of an extremely large credit ratio.
The credit ratio is the ratio of the funds of users and online brokers at the conclusion of a trading operation. This allows large transactions to be carried out by customers who do not have large amounts of money on hand.
In order to protect traders in the Forex market, in civilized countries, the current laws require the use of leverage with the highest ratio of one to thirty, in rare cases fifty.
At the same time, Brokeragea uses a credit leverage of 1 to four hundred for trading on the Forex market.
A similar ratio is allowed in Switzerland, as companies registered in this country enjoy high confidence. But Brokeragea is not registered in this country.
In fact, Brokeragea is not allowed to trade in the Forex market with such a credit ratio, due to the high risk to clients. Actually, this is done solely to force the user not only to invest as much personal money as possible, but also to drag him into loans.
Local divisions Brokeragea
It is considered prestigious for a financial firm to have regional offices in developed countries, even if the activity is carried out exclusively in Great Britain. So Brokeragea informs that in addition to a significant number of awards, they have local divisions in the UK, Australia and other developed countries, as well as many competent specialists.
Checking the existence of these branches is elementary. After all, there are specialized organizations that regulate the activities of online brokers. In England it's FCA, and in Australia it's ASIC.
Accordingly, a legal company must have official documents from these or other structures that will prove their ability to provide Forex trading services, determine the level of responsibility.
And yet, after checking the profile web sites, our experts did not find them. Which once again confirms the fears.
To register on Brokeragea.com, you must provide personal data
As we said earlier, Brokeragea does not have a trial period and because of this, in order to gain access, you must immediately pay the minimum payment to the Brokeragea bandits. Also, to get access to Brokeragea.com's personal account, it is really possible only upon completion of identity verification.
This means that Brokeragea requires its clients to provide information such as:
- Information about an individual;
- Information about the permanent place of residence (scans of utility bills);
- Information about qualifications, place of work, length of service.
In addition, during the initial transfer, scammers are able to access personal account data.
Together, this data can allow gangsters to issue a loan to a deceived user, or carry out other illegal frauds.
Since for registration on the Brokeragea.com website, you need to send your confidential data, our specialists could not get access to Brokeragea's personal account, as well as programs for working on the Forex market.
An extremely important step in exposing Brokeragea is the analysis of customer reviews.
A thorough study of the issuance of search results on the Internet allowed us to obtain the following information:
- Most of Brokeragea's online reviews are fake. These are the same positive mentions and comments of a paid nature;
- All real mentions and comments about Brokeragea are negative. Our employees were unable to identify true reviews and references from former users of Brokeragea.com, which would indicate a serious profit, productive activity.
- Negative mentions and comments are caused by fraudulent activities, stealing money, creating debt.
Because of this, real reviews about Brokeragea report that this online broker is a scam.
Brokeragea contact details and documents
Analyzing the information on Brokeragea.com, our experts have found a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory companies, then its clients simply have nowhere to turn for help.
On the "Contacts" page, we 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 the Forex financial market online broker? Make sure you can take money from him.
After examining the user agreement on the Brokeragea website, we did not find any information available on the withdrawal methods. In addition, we found a description of punishments for a long period of inactivity of a personal account, but there was no information about the sizes. Since fraudsters do not operate in a legal field, these fines cannot be appealed.
Therefore, even if the user has ended cooperation with Brokeragea, they may begin to disturb with calls and write letters demanding to pay a fine.
How does Brokeragea work?
Suspicious and the method of finding clients that uses Brokeragea.
For promotion, false social media accounts are used, in which non-existent people broadcast about how they instantly managed to get income by making Forex transactions using Brokeragea. Non-existent people show expensive cars and jewelry, holiday resorts and other signs of a prosperous life.
Bots guarantee instant profit growth, for which you do not need to learn or put in a lot of effort.
When a client gets in touch with them, Brokeragea employees confirm the possibility of a quick profit, as well as some unique abilities of their services, which will make it possible to immediately receive a solid income.
After that, various tricks go into work, making it possible to get the maximum investment from the trader. For example, you can create a small profit in order to motivate you to invest even more money.
When work on Forex becomes unprofitable, a personal manager will offer to invest more to cover the minus.
Brokeragea employees act according to the methods developed by qualified manipulators. Fraudsters study information about a trader in order to influence vulnerabilities and get more investments.
As a result, all this will come to one of two results:
- If you are going to withdraw money before you are in debt, you will be fined, your assets will be closed, and everything will be done to force you to transfer more;
- When you allow scammers to drive the balance on credit, there will be threats, scammers will begin to demand payment of a fake loan.
Another way to make a profit for Brokeragea can be the sale of your confidential information to third parties. We think that, after that, comprehensive information about you can be bought for a moderate amount on some anonymous Telegram channel on the shadow Internet.
Most likely, after that, various scammers, sales managers, etc. will call you more often. It is also worth waiting for letters from Brokeragea's accomplices, who will offer the "return" of lost finances, of course for a fee.
Since Brokeragea does not operate in a regulated field and remains anonymous, they cannot be forced to respond under current laws in the UK. The leaders of the shadow firm are diligently hiding and in the best case, law enforcement agencies will be able to capture one of the "managers".
Can Brokeragea be trusted?
Only if you plan to give money to scammers, then transfer them to a good deed.
Let's briefly voice the evidence that Brokeragea are scammers:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the company;
- Phone number found in fraudulent schemes;
- Negative score;
- Credit ratio greater than 1 to 50;
- Negative reviews;
- False data on the official website.
Detailed review of Brokeragea - completed. It is clear that Brokeragea are criminals.
We have compiled a complete list of brokers that you cannot work with.