Sellfkings : scammers. Take care of your money!
The online broker Sellfkings, operating in the Russian Federation, is a scammer with an unclean reputation.
When we get to the official website of Sellfkings - Sellfkings.com, we will read that our organization provides intermediary services for trading operations on the Forex market in Russia. In addition, Sellfkings provides services for trading activities.
Our experts looked through the Sellfkings website, got acquainted with the terms of operations, tried to get demo access to the software, studied the existence of securities, the region of registration of the organization.
With the help of the information received, we will find out: Sellfkings - a divorce or not?
In addition, we will explain to you how not to fall into the trap of scammers, about their methods of action. We will give you all the information you need to keep your investment safe.
Sellfkings is based in an offshore country
The first call, saying that the Sellfkings are bandits, is the state of residence. The organization is documented in the Republic of the Marshall Islands, which is already doubtful, since the company operates on the territory of the Russian Federation. Offshore regions are popular with scammers due to the lack of legislation and executive power.
In addition, this region does not have rights to trade on the Forex financial market.
In addition, when our experts tried to identify the real address, information about the owners and management of Sellfkings, they could not find anything.
This shows that Sellfkings is a shady online broker, working with which will result in serious financial losses.
No Sellfkings Management Data Found
After examining the site, our experts have not been able to find true information about the organizers of the organization Sellfkings.com. No address, no phone numbers or any other way to get in touch.
Typically, this means that the actual directors are trying to hide their identities in order to evade accountability for their actions. And even if it turns out to identify one of the employees of Sellfkings, then everything will end there, and the leaders of the shadow company will remain at large.
Sellfkings, website - Sellfkings.com, is less than thirty days old
The official site of Sellfkings talks about significant experience in Forex operations.
The main method of checking any website is to obtain information about the domain name. Usually, they record the age of the domain name, the contact information of its owner.
In our case, the Sellfkings domain exists for less than one month, and the data about the individual who owns it is hidden. Another proof that the owners of Sellfkings are trying to remain anonymous.
This desire can be understood, but not when it comes to a financial organization acting as an intermediary between a trader and Forex.
In addition to this, Sellfkings themselves assure their potential clients that they have been trading effectively in the Forex market for quite a long time.
Sellfkings does not have a trial period
It is a common practice for online brokers to provide users with a demo version of the software in order for them to familiarize themselves with the interface and try their hand at Forex operations with virtual currency.
Unfortunately, on the Sellfkings.com website, we did not find data on the trial period, the ability to test the programs.
We think that the organizers of Sellfkings.com are simply not going to give customers test access to the software, as someone is able to suspect a scam.
Online broker Sellfkings.com operates with a negative account
Legal organizations that operate in the Forex market do not use a negative account in their work. By law, an online broker trader cannot spend more than what is currently on his balance sheet. In rare situations, when the account still goes into negative territory, its debts will have to be repaid not by the user, but by the company that provided the services.
Therefore, honest brokers do not use a negative account in their work.
However, Sellfkings provides its clients with Forex transactions with a negative balance, that is, on credit.
What is it for?
To drive the user into debt and start extorting him to pay off the debt. This is one of the most commonly used methods of deception used by criminals.
In the event that this happens, you need to know that criminals have no way to recover money under the law of the Russian Federation. Any methods of pressure on traders are criminal. The maximum that scammers can do is to disturb with calls, send letters with threats.
It is impossible to work with Sellfkings.com, since all attempts to negotiate will turn into new losses.
Sellfkings.com operate with a credit ratio of 1 in 400 or more
Already now, it is clear that Sellfkings are scammers. However, we point out one nuance, namely the presence of too high leverage.
Leverage is the ratio of the money of traders and online brokers at the conclusion of a trading operation. It makes it possible to conduct large transactions for users who do not have sufficient funds with them.
In order to protect users of the Forex financial market, in developed regions, the current legislation provides for the use of leverage with the highest ratio of one to 30, in exceptional cases fifty.
At the same time, Sellfkings applies a leverage of 1 to four hundred for operations on the Forex market.
This ratio is legalized in Switzerland, as companies registered in this state enjoy considerable confidence. But Sellfkings is not issued in this state.
In fact, Sellfkings cannot trade in the Forex market with such a credit ratio, due to the high risk to clients. Accordingly, this is used solely to force the trader not only to give away as much of his own finances as possible, but also to drag him into debt.
Sellfkings Local Offices
It is considered important for a company to have regional offices in civilized countries, even if the work takes place only on the territory of the Russian Federation. So Sellfkings informs that in addition to a large number of awards, there are local divisions in the UK, Australia and other civilized countries, as well as many competent specialists.
Checking the reality of these offices is quite simple. After all, there are industry organizations that control the actions of online brokers. In England, this is FCA, and for example, Australia - ASIC.
Therefore, a law-abiding organization must have permits from these or other structures that will confirm their authorized right to provide services for making money on the Forex financial market, determine the degree of responsibility.
And yet, after checking specialized official sites, our employees could not find them. Which once again confirms our fears.
Registration on Sellfkings.com requires the transfer of confidential data
As we reported earlier, Sellfkings does not have a demo period, and therefore, in order to gain access, you must immediately transfer the minimum payment to Sellfkings scammers. In addition, it is possible to create a Sellfkings.com personal account only when passing identity verification.
This means that Sellfkings requires its customers to transfer data such as:
- Information about an individual (passport, birth certificate);
- Data on permanent residence (scans of utility bills);
- Information about qualifications, place of work, experience.
In addition, during the initial transfer, scammers are able to gain access to bank card information.
In combination, this information may allow scammers to issue a loan to a deceived client, or to carry out other illegal operations.
Since you need to transfer your personal data to register on the Sellfkings.com website, we were unable to access the Sellfkings personal account and services for working on Forex.
Reviews about Sellfkings
An important step in exposing Sellfkings is the analysis of feedback from traders.
A thorough study of the search results allowed us to obtain the following information:
- Most of the reviews and mentions of Sellfkings on the Internet are lies. These are similar positive reviews and comments of a paid nature;
- All real reviews about Sellfkings are negative. Our experts could not identify reliable reviews and mentions from Sellfkings.com users, which would indicate a large profit, successful activity.
- Negative mentions are caused by fraudulent activities, theft of investments, creation of credit.
Therefore, real reviews about Sellfkings report that this broker is a scammer.
Sellfkings contact information and documents
Analyzing the data on Sellfkings.com, our experts have found many questionable digital white papers that can be easily done with a photo editor. They are not confirmed by official companies, 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 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 that you can take away investments from him.
After analyzing the client agreement on the official website of Sellfkings, our experts did not reveal clear information about the ways to withdraw funds. At the same time, our experts identified a mention of penalties for account inactivity, but there was no information about their size. Since swindlers do not work in the official field, it is impossible to cancel these fines.
That is, even if the client has finished working with Sellfkings, they can start calling and writing letters demanding to pay the fine.
How does Sellfkings work?
The method of searching for new users that Sellfkings uses is also alarming.
For advertising, false profiles on social networks are used, in which fake bloggers broadcast about how they instantly managed to earn income by working in the Forex financial market with the help of Sellfkings. Advertising profiles expose expensive cars and clothes, trips to resorts and other manifestations of a prosperous life.
Bots promise a rapid increase in profits, for which you do not need to learn or make a lot of effort.
If a trader gets in touch with them, Sellfkings employees talk about the reality of instant income, as well as some unique features of their software that will allow you to quickly earn big income.
After that, various tricks are used, which make it possible to receive as many deposits from the trader as possible. For example, a fake profit may be drawn to the user to motivate them to give back more investments.
If trading on the Forex financial market is negative, the representative of the organization will recommend transferring more to close the debt.
Sellfkings employees work according to scripts created by experienced scammers. Scammers study user information in order to act on vulnerabilities, pull out even more investments.
As a result, it all boils down to one of two results:
- If you decide to withdraw the money before you are in debt, you will be fined, banned from using the assets, and will do anything to force you to pay more;
- If you let the bandits drive the balance into a minus, threats will fall, scammers will extort to pay off the fake debt.
Another way to make money for Sellfkings can be the transfer of your personal information to third parties. We think that, after that, complete information about you can really be purchased for a modest amount of money on some anonymous service on the darknet.
It is likely that after that various swindlers, managers, etc. will write to you. You can also wait for letters from Sellfkings.com accomplices who will start offering to “receive” lost investments, of course for a reward.
Since Sellfkings does not operate in a regulated field and keeps incognito, they cannot be forced to respond under the laws of the Russian Federation. The heads of the shadow organization are diligently hiding and, at best, the police will be able to arrest one of the "administrators".
Should you trust Sellfkings?
In no case!
Only if you are going to transfer finances to scammers, then give them to charity.
Let's briefly voice the evidence indicating that the Sellfkings are bandits:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the organization;
- The phone is seen in fraudulent transactions;
- Negative balance;
- Credit ratio greater than one to 50;
- Negative reviews;
- False information on the official website.
Our Sellfkings review is over. Obviously Sellfkings are scammers.
We have compiled a complete list of brokers that you cannot work with.