What do we know about the Brokerage broker? Why Brokeragea.com we consider it a scam
Brokeragea, an online broker operating in Great Britain, is considered a scammer with a damaged reputation.
When we get to the official website of Brokeragea - Brokeragea.com, we will find out that this organization provides trading services on the Forex financial market in Great Britain. Brokeragea also offers software for financial actions.
Our employees explored the Brokeragea website, got acquainted with the terms of action, made a trip to get test access to the services, looked at the availability of papers, the region of registration of the company.
With the help of the data obtained, we will figure out: Brokeragea - a divorce or not?
In addition, we will explain to you how not to fall into the network of deceivers, about their methods of work. We will give you all the necessary data to keep your investments safe.
Brokeragea is based in an offshore country
A serious sign indicating that Brokeragea are scammers is the country of residence. The company is officially registered in the Marshall Islands, which is already doubtful, since it operates in the UK. Offshore countries are popular with criminals due to the lack of laws and control.
Also, this region does not have the rights to trade in the Forex market.
In addition, when we tried to find the real address, information about the owners and management of Brokeragea.com, we could not find anything.
This is already demonstrated that Brokeragea.com is a fake broker, working with which will result in big financial losses.
Lack of information about the owners of Brokeragea.com
After examining the site, our experts have not been able to find any truthful information about the owners of Brokeragea.com. No physical or legal address, no telephone or other means of contact.
We assume that this means that the leaders are trying to hide data about themselves in order to elude the answer for their crimes. And even if you manage to identify one of the Brokeragea managers, then everything will end there, and the owners of the shadow organization will remain at large.
Brokeragea, website - Brokeragea, is valid for less than thirty days
The Brokeragea.com website talks about their extensive experience in the Forex market.
The main way to check any official site is to get data about the domain name. Basically, they contain the age of the existence of the domain, information for the connection of its owner.
In this case, the Brokeragea domain is valid for less than 30 days, and the information about the person who owns it is hidden. Another proof that the director of Brokeragea is trying to keep incognito.
This desire can be understood, but not when it comes to an organization working as an intermediary between a trader and the Forex market.
At the same time, Brokeragea assure their potential clients that they have been successfully operating in the Forex market for many years.
Brokeragea.com does not have a trial period
It is normal practice for Internet brokers to provide clients with a demo version of the software so that they can get acquainted with the interface, test their skills in Forex transactions with fake currencies.
Unfortunately, on the official website of Brokeragea.com, we could not find information about the test period, the opportunity to try the software.
Probably the director of the Brokeragea.com company most likely does not plan to provide traders with demo access to the software, as someone may suspect a scam.
Brokeragea.com operates with a negative account
Legal firms that trade in the Forex market do not use a negative account in their work. By law, a broker user is not able to spend more than what is currently on the account. In rare cases, when the balance still goes into a negative value, the loan will be required to be repaid not by the user, but by the organization that offered the services.
Because of this, honest online brokers do not use a negative account in their work.
However, Brokeragea.com provides users with Forex transactions with a negative balance, that is, on credit.
Why is this needed?
In order to drive the client into debt and repay the loan from him. This is one of the most commonly used methods of deception used by financial scammers.
In the event that this happened, you need to remember that criminals have no way to get money in accordance with UK law. Any means of influencing customers is illegal. The maximum that scammers are capable of is calling, sending letters with threats.
It is impossible to cooperate with Brokeragea, as attempts to reach an agreement will result in new losses.
Brokeragea.com operate with a credit ratio of one to four hundred or more
At this point, it becomes obvious that Brokeragea are scammers. However, let's pay attention to one nuance, namely the presence of an excessively large credit ratio.
Leverage is the ratio of the finances of users and brokers when making a transaction. It gives the opportunity to make significant transactions to traders who do not have access to the appropriate funds.
In order to protect traders in the Forex market, in civilized regions, the legislation provides for the use of a leverage with the largest ratio of one to thirty, in rare cases 50.
At the same time, Brokeragea applies a credit ratio of 1 to four hundred for trading on the Forex market.
Such an attitude is allowed in Switzerland, since organizations registered in this country enjoy great confidence. But Brokeragea is not issued in this country.
In fact, Brokeragea cannot trade in the Forex market with such a credit ratio, due to the high risk to clients. Actually, this is done solely in order to force the trader not only to invest more personal finances, but also to drive them into loans.
Brokeragea Local Offices
It is considered solid for a financial firm to have regional branches in civilized states, even if the work takes place only in Britain. Therefore, Brokeragea informs that in addition to a significant number of awards, they have local branches in the UK, Australia and other developed countries, and in addition about a lot of competent employees.
It is very easy to check the existence of these subdivisions. Since there are specialized organizations that control the work of brokers. In the UK it's FCA, and in Australia it's ASIC.
That is, a legal company must have official documents from these or other structures that will confirm their right to provide Forex earnings services and regulate the level of responsibility.
However, having studied the specialized official sites, our employees could not find them. This once again reinforces the suspicions.
Registration on Brokeragea.com requires the transfer of confidential data
As we mentioned earlier, Brokeragea does not have a trial period, and therefore, in order to gain access, you must immediately transfer the minimum contribution to the Brokeragea bandits. In addition, access to the Brokeragea.com personal account is possible only upon successful completion of user verification.
This means that Brokeragea requires clients to provide information such as:
- Information about an individual (passport, birth certificate);
- Information about the permanent place of residence (payments for a communal apartment);
- Information about qualifications, place of work, length of service.
Also, with the first payment, fraudsters are able to access bank account data.
Together, this data can allow criminals to smuggle a loan on a trader, or carry out other illegal schemes.
Since for registration on the Brokeragea.com website, you need to transfer your personal data, our experts did not get access to the Brokeragea personal account and Forex earning programs.
Real reviews about Brokeragea
An important point of exposing Brokeragea is the analysis of customer reviews.
The study of issuance in search engines allowed us to obtain the following data:
- Most of the reviews and mentions of Brokeragea on the net are false. These are similar positive reviews and mentions of the paid type;
- All true reviews and references to Brokeragea are negative. Our experts were unable to identify true references and comments from former users of Brokeragea.com, which report serious profits, productive work.
- Negative reviews and comments are associated with fraudulent activities, theft of investments, creation of debt.
In accordance with this, Brokeragea reviews indicate that the broker in question is a scam.
Brokeragea contact information and official documents
After reviewing the information on Brokeragea.com, our experts saw a lot of dubious digital official 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 firms, then its traders 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 Brokeragea.com.
Withdrawing money from Brokeragea.com
Are you going to make money with the help of a Forex broker? Make sure you can take money from him.
When reviewing the user agreement on the Brokeragea website, we did not see available information about the methods of withdrawing money. At the same time, our employees found a description of fines for a long period of inactivity of a personal account, but did not find data on their amounts. Since the criminals do not operate in the official field, it is impossible to challenge these extortions.
Therefore, even if the user has ended cooperation with Brokeragea, they may be disturbed by calls and write messages demanding to pay a fine.
How does Brokeragea operate?
The method of finding clients that Brokeragea uses is also alarming.
Fake social media profiles are used for advertising, in which non-existent people report how they quickly managed to earn income by trading Forex using Brokeragea. Advertising accounts show expensive cars and houses, holidays in resorts, and other manifestations of a prosperous life.
Fakes guarantee instant income growth, for which you do not need to study or put a lot of effort.
When a potential user comes into contact with criminals, Brokeragea managers inform about the possibility of instant earnings, and also about the unique features of their software, which will make it possible to immediately earn a solid profit.
Further, various tricks go into work, allowing you to get as much money from the client as possible. For example, a fake profit could be created for the user in order to inspire them to transfer more money.
If the work on the Forex market turns out to be unprofitable, the manager will offer to transfer more to close the debt.
Brokeragea employees work according to algorithms created by qualified scammers. They analyze user data in order to act on vulnerabilities and lure out more money.
Either way, this will all come to one of two ends:
- When you decide to get money before you find yourself in debt, you will draw fees, freeze the money invested, and do everything to force you to pay more;
- If you allow the criminals to drive the account into the red, threats will fall, the criminals will start extorting to pay the fake debt.
Another way to make money for Brokeragea can be the transfer of your personal information to third-party companies. We think that, after that, exhaustive information about you can really be purchased for a moderate amount of money on some anonymous telegram channel on the shadow Internet.
It is likely that because of this, various criminals, managers, etc. will begin to call you more often. You should also wait for calls from Brokeragea.com colleagues who will offer a "return" of lost finances, of course for a bounty.
Since Brokeragea does not operate in the official field and remains anonymous, Brokeragea cannot be forced to answer under the law in Britain. The owners of the shadow company are diligently hiding and in the best case, law enforcement agencies will be able to capture one of the "employees".
Can I work with Brokeragea?
If you plan to give money to the bandits, then it is better to give it to a good cause.
Let us briefly state the facts indicating that Brokeragea are bandits:
- Lack of official registration;
- No test period;
- There is no information about the owners of the company;
- The phone is seen in fraudulent transactions;
- Negative score;
- Leverage greater than one in 50;
- Bad reviews;
- False data on the official website.
This completes Brokeragea review. It is clear that Brokeragea are criminals.