iToroStocks Ltd Review
Investors Alert iToroStocks Ltd – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Online trading can be a lucrative and exciting way to invest your money and earn profits. However, it can also be a risky and dangerous activity if you are not careful about choosing a reliable and trustworthy broker. Many online trading platforms claim to offer the best services and products, but in reality, they are nothing but scams that aim to steal your money and personal information. One of these platforms is iToroStocks Ltd, which has been operating illegally and deceiving investors for years.
Products and Services:
iToroStocks Ltd claims to be a leading online trading platform that offers access to various financial markets, such as forex, stocks, commodities, indices, cryptocurrencies, and more. It also claims to provide advanced trading tools, such as social trading, copy trading, automated trading, and educational resources. However, these claims are false and misleading. iToroStocks Ltd does not have any real products or services. It only has a website that mimics the appearance and functionality of a legitimate trading platform, but in fact, it is a fake and fraudulent one.
Financial institution & regulatory license:
iToroStocks Ltd pretends to be a regulated and licensed financial institution that operates under the supervision of various authorities, such as the FSMA (Financial Services and Markets Authority) in Belgium, the FINRA (Financial Industry Regulatory Authority) in the US, the Central Bank of Ireland, and the FCA (Financial Conduct Authority) in the UK. However, these claims are also false and fabricated. iToroStocks Ltd is not registered or authorized by any of these regulators or any other regulator in the world. It is an unregulated and illegal entity that operates without any oversight or accountability.
Trader’s Reviews and Customer Service:
iToroStocks Ltd tries to lure potential customers by displaying positive reviews and testimonials from its supposed traders on its website and social media channels. It also claims to have a professional and responsive customer service team that is available 24/7 via phone, email, chat, or WhatsApp. However, these reviews and testimonials are fake and fabricated. They are written by paid actors or bots that have never used or traded with iToroStocks Ltd. The customer service team is also non-existent or unhelpful. They only respond to inquiries or complaints when they want to persuade customers to deposit more money or provide more personal information. Once they achieve their goal, they stop responding or block the customers’ accounts.
How do online trading scams operate:
Online trading scams like iToroStocks Ltd operate in a similar way. They use various tactics and strategies to attract and deceive unsuspecting investors. Some of these tactics and strategies are:
– Creating a fake website that looks like a legitimate trading platform
– Using fake names, logos, addresses, phone numbers, and email addresses
– Offering unrealistic returns and bonuses
– Promising low fees and commissions
– Providing fake or manipulated trading signals and charts
– Using social media influencers or celebrities to endorse or promote their platform
– Using fake reviews and testimonials from their supposed traders
– Providing fake or forged documents or certificates to prove their legitimacy or regulation
– Asking for personal information or documents, such as ID cards, passports, bank statements, etc.
– Asking for deposits or payments via untraceable methods, such as wire transfers, cryptocurrencies, gift cards, etc.
– Refusing to process withdrawals or imposing unreasonable conditions or fees
– Manipulating or closing the customers’ accounts without their consent
– Threatening or harassing the customers who try to complain or expose them
How to Safeguard Against Fraudulent Brokers:
To avoid falling victim to online trading scams like iToroStocks Ltd, you must be vigilant and cautious when choosing an online trading platform. You need to do your research and due diligence before signing up or depositing any money. You need to check the following aspects of any online trading platform:
– The reputation and history of the platform
– The regulation and license of the platform
– The products and services offered by the platform
– The fees and commissions charged by the platform
– The terms and conditions of the platform
– The customer service and support of the platform
– The reviews and testimonials from other traders who have used the platform
You also need to follow some basic rules and tips when trading online:
– Never invest more than you can afford to lose
– Never share your personal information or documents with anyone you don’t know or trust
– Never use untraceable payment methods
– Never trust anyone who promises you guaranteed profits or returns
– Never trade with emotion or pressure
– Always verify the source and validity of any information or signal you receive
– Always withdraw your profits regularly and keep them in a safe place
– Always report any suspicious or fraudulent activity to the relevant authorities
In conclusion, iToroStocks Ltd is a scam and a fraud that you should avoid at all costs. It is not a legitimate or regulated online trading platform, but a fake and illegal one that will only steal your money and personal information. If you have already been scammed by iToroStocks Ltd, you should contact your bank or payment provider and try to recover your money. You should also report iToroStocks Ltd to the regulators and the police and warn others about it. Remember, online trading can be a rewarding and enjoyable activity, but only if you do it with a reliable and trustworthy broker.