Investors Alert – Regarding falsely claiming association with registered Australian businesses or financial services licensees and their authorized representatives.


Online trading can be a lucrative and exciting way to invest your money, but it also comes with risks. One of the biggest risks is falling victim to a scam broker, who may lure you with false promises of high returns, low fees, and professional advice, but in reality, they are only interested in stealing your money. One such scam broker is, which pretends to be a regulated Australian broker under the name of ASIC Alert, but is actually an imposter entity that has no connection to the real ASIC Alert or the Australian Securities and Investments Commission (ASIC).

Products and Services: offers various types of online trading products, such as forex, stocks, commodities, indices, and cryptocurrencies. It claims to have a user-friendly platform, advanced trading tools, educational resources, and dedicated customer support. However, these are all lies designed to attract unsuspecting traders. In fact, does not have a legitimate trading platform, but rather a web-based interface that manipulates the prices and trades to make you lose money. Moreover, it does not provide any educational resources or customer support but only sends you spam emails and calls to pressure you into depositing more money.

Financial institution & regulatory license: claims to be a trading name of ASIC Alert Pty Ltd. However, this is a blatant lie. There is no such company as ASIC Alert Pty Ltd registered in Australia, and the license number is fake. The real ASIC Alert is a website that provides information and alerts on scams and unlicensed entities that target Australian investors. It has nothing to do with or any other online trading service. is not licensed or regulated by any authority, and it operates illegally and fraudulently.

Trader’s Reviews and Customer Service:

If you search for reviews on, you will find many negative comments and complaints from traders who have been scammed by this broker. They report that does not allow them to withdraw their money, closes their accounts without notice, refuses to answer their queries, and harasses them with phone calls and emails. Some traders have even lost thousands of dollars to this broker. On the other hand, you may also find some positive reviews on, but these are fake and paid for by the broker itself. They are meant to deceive potential customers and create a false impression of credibility and trustworthiness.

How do online trading scams operate:

Online trading scams like use various tactics to lure and trap traders. They may advertise on social media, websites, or forums with attractive offers and testimonials. They may also contact you directly via email or phone and persuade you to sign up with them. Once you register with them, they will ask you to deposit some money to start trading. They may even show you some fake profits on your account to make you think that you are making money. However, when you try to withdraw your money or close your account, they will make excuses, impose fees, or ignore your requests. They will also pressure you into depositing more money or upgrading your account. They will keep doing this until they drain all your money or until you realize that you have been scammed.

How to Safeguard Against Fraudulent Brokers:

To protect yourself from online trading scams like, you should always do your research before choosing a broker. You should check if the broker is licensed and regulated by a reputable authority, such as ASIC in Australia, FCA in the UK, or CySEC in Cyprus. You can verify this by visiting the official websites of these regulators and searching for the broker’s name or license number. You should also read reviews from other traders and look for any red flags or warning signs. You should avoid brokers that offer unrealistic returns, charge hidden fees, have poor customer service, or have a history of complaints. You should also be wary of brokers who contact you unsolicited or pressure you into making decisions.

Conclusion: is a scam broker that pretends to be an ASIC-regulated entity but is actually an imposter that has no license or regulation. It offers online trading products that are fake and rigged to make you lose money. It does not allow you to withdraw your money or close your account. It also lies about its products, services, reputation, and reviews.

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