Please read our Spot Finex review before opening an account with them. This is a spotfinex.com review, just to be more specific.
Spot Finex review first look
By taking a look at their website there is little to no information of who they are and this is the biggest red flag about them. At the end section they have put same random company name that they picked it up from a shelf somewhere. So if they say we have a registered company, don’t fall for it, because anyone can set up a company online for just a few dollars. If they had a trustworthy company that supposedly makes others a lot of money, they would share it with the world, and the interviews would pour in. But no one knows who these persons are and there is a good reason for that because they keep their identity hidden while stealing your money.
Regulation
Spot Finex is not regulated by any agency, which means they can take your money and do as they please with it.
So we urge you not to deposit with Spot Finex and any other unregulated forex “company” for that matter. There is a reason why these websites do not get regulated, because they have the simple objective to steal as much money possible and switch into a different domain. If their intentions were honest they would have become regulated and stay for the long run.
What they claim to be
Even that they do not say it on their website, they will promise to make you big money through the phone. Which is weird because why would they make us money? Let’s face it, if they are so good at making money, with guaranteed results , why would they bother us ? The fact is that they can manipulate the trades from MT4 manager giving you the illusion that you are making money. But those “money” are just numbers on a screen, and after seeing these “money” they will push you to deposit more so you can make more money. When you reach your deposit limit or you smell something wrong, that is when the battle begins, and it can end on several ways, but none of them is good for you. Read below to find out what will happen next.
How does it work?
Usually unregulated forex brokers work in the following way. After registering in their website through one of their affiliates, which are usually websites claiming to have forex robots, you get the first call from the sales department, trying to persuade you to make the minimum deposit first. They will offer deals that sound too good to be true and that you can make easy money. Please don’t fall for anything they say because they are all lies and these people are good at lying. If you make the first deposit you will get transferred into another department so they can rip you off for the long run.
Common scam methods
If you have reached your deposit limit or you have smelled something bad, normally you would request your money back. In this step they will try to get the last money out of you. They will come up with several excuses why they can’t return your money back to you right away. The most common scam method is so called margin loan aka credit or bonus. If you have credit on your account they will say you will need to pay back the credit before you can withdraw. Scam number two is that you need to pay taxes or the agent’s commission before you can withdraw. Other scams include that you need to pay some kind of insurance of trading fee, but in either case, if they request a fee from you before you can withdraw you money, don’t pay it, is a SCAM! We know is tempting for you to pay these money in hope that you get your money back, but we need you to resist the urge, as it will only make things worse.
Can u get your money back?
Usually the forex scammers are well organized as this is relatively not a new niche. Nowadays they require people to make deposits through bitcoin, which is an untraceable currency and the payments are irreversible. So if you paid them with bitcoin or through a bitcoin exchange, your money is most likely gone. We know this might be hard for you to digest but that is the ugly truth. If you paid them through a wire transfer, there might be one or two loopholes, but that depends from case to case. The only thing you can do something about it is if you have deposited through a credit card. In this case you will need to contact the bank or the credit card company to ask for a chargeback. But you need to represent a good case because not all the banks will help you with the excuse that it was you who authorized the transaction.
Is there something you can do?
The best chance you have is to follow the money and report it to the police. Trace the money carefully to see where they went, and make sure to bring all the variables to the police. Sooner or later one of these scammers will get it. However, we must say that in the most cases the police will not do anything about it. The main reason is that these entities are scattered in different countries thus creating jurisdiction issues for the local police. Hopefully if there are a lot of reports they will pass the case to Interpol, Europol or even to the FBI.
Hiring chargeback companies
If you lost money with Spot Finex you are probably feeling very frustrated. The most important thing is not to feel ashamed because everyone becomes a scam victim at least once on their life. Second thing is not to make any rushed decision after that, take some days to calm down before proceeding further.
A chargeback company can be your ally in your case, because they have a lot of experience and can present your case to the bank in a professional way. However, if you are planning on hiring a chargeback company, we recommend you to hire the most trustworthy company because there are a lot of fake companies out there who would just take your money and do nothing about it.
If you would like our assistance, feel free to reach us at [email protected] .
Save others
If you are one of the unfortunate victims of Spot Finex please share your experience. Leave a Spot Finex review below in the comment section describing the experience and if there was any other forex broker that approached you make sure to mention their name also. You would probably like to have known about Spot Finex scam before you dealt with them and probably be saved, so now it is your turn to help others.
Spot Finex review conclusion
Talking on the phone with the employees of Spot Finex , we knew that they had made up names. This was the first sign of scam.They didn’t disclose the fact that they are unregulated, in contrary they claimed to be the most trustworthy. If you have deposited money please beware of the scam methods outlined in paragraph four. If you haven’t deposited yet please stay as far away from this website. Trust us when we say there is no such thing as easy money, no one will make money for you, except you. We hope our Spot Finex review was helpful to you and don’t forget to leave a Spot Finex review below.
If you have any questions or you would like to get some kind of assistance about getting you money back reach us at [email protected].
Hello, everyone there on Spotfinex is a scammer, especially Spanos Nikolaos and Gregor Smith, be careful not to send money to them
Hello. The first time they called me and told me it was from investing.com. Then I was told that it is from the company GlobalspotFX and that it was a subsidiary of FX Pro. I then spoke with Ellie Palmer who told me that she was a shareholder in GlobalspotFX, had a license from the FCA with reference number: EXP09770. Then they gave me Sofia Gladki. And she told me that she was a shareholder in GlobalspotFX, she had a license from the FCA with reference number: 913513 and that she was Financial Advisor, Account Manager. In the beginning I put 1000 € and after 4 months he told me to enter a project 25000 € for 1 year to work better and make profits. I joined the project and we signed a contract. He worked it until the beginning of August and the bill reached 31000 €. He told me he would take a 15-day vacation leave. Since then I did not speak again, he disappeared !!!! I was calling whatsapp they had given me and they were telling me various excuses. I was finally told in October that he had an accident and was in a hospital in the U.S.A. and that it was unknown when he would return to London. After that, they put Nikolaos Spanos as my Account Manager. He also went to the U.S.A. in January for business reasons. While he was missing from the company, they asked Androniki Pekiaridou to give me 3 bitcoins at the price of 10000 €. This offer told me that it happened to me because I owned 100 Tesla shares that I had bought with Nikolaos Spanos. In order to put the money in my bank account I had to pay a redemption amount of € 9000. After I paid the amount of money from the 3 bitcoins they put it in the account I had in the company and not in my bank account. I have been talking to Sofia Gladki by email since December. She encouraged me to make these moves and that she guarantees that I will get the money because she was a shareholder in the company. In December, the company also changed its name from GlobalspotFX to Spotfinex. I asked them to put my money in my bank account and they told me various excuses. At the beginning of March, Androniki Pekiaridou disappeared just like Sofia Gladki disappeared again. Lucas Leontisis took over as owner of Spotfinex. Nikolaos Spanos also returned. Both were trying to convince me that in order to get the money I had to pay € 15,900 as a redemption amount from the liquidation of Tesla shareholders. The amount of Tesla liquidation was € 81600. In the end, I did not give them the money they were asking for to ransom Tesla. After they tried to persuade me to put in more money and I did not put it, they found me on March 23rd and on March 24th they zeroed my account with moves they made. I have not had any contact with them since. They are GREAT SCAMMERS !!! They are DISGUSTING CRIMINALS !!!