Category: Con Brokers

Hotscoin.biz, also available under hotscoimidr.com, markets itself as a cryptocurrency trading and investment platform. On the surface, they claim to provide secure trading of digital assets, but based on user feedback and analysis of the platform, Hotscoin.biz does not seem to be a legitimate service. In this Hotscoin.biz review, we outline the major red flags…

Introduction: Bybit’s Promises vs. Reality Founded in 2018, Bybit is a cryptocurrency derivatives exchange with its main office located in Dubai, United Arab Emirates. Bybit is renowned for its leveraged trading and offers an intuitive, user-friendly interface that has quickly attracted users from around the globe. However, there is not much trust behind Bybit’s polished…

Introduction: What Is IQCent? IQCent is a comprehensive trading platform for binary options, forex, and CFDs operated by Wave Makers LTD. Based in the Marshall Islands, IQCent promotes fast withdrawal times, copy trading, and 24/7 customer service, among many other things. Unfortunately, from our research on this platform, there are a lot of red flags…

Introduction: What is Binamine? Binamine presents itself as a cloud-based bitcoin mining business that aims to make cryptocurrency mining easier and more accessible for all users. It claims to use Binance’s mining pool, offers cheap ASIC/GPU mining, and claims to run massive data centers across Asia. It claims to be an all-in-one platform, even if…

Loyal Primus, a multi-asset online trading platform owned by Loyal Primus Limited, was founded in 2020. The company is marketing its services to institutional investors with instruments such as forex, precious metals, and futures trading. According to Loyal Primus, the company is registered in St. Vincent and the Grenadines with registration number 26626 BC 2022.…

Summary: Zenex (zenextrades.com) appears to be a UK trading platform. It claims to have been established in 2013. However, the domain zenextrades.com was registered in 2025. The UK’s Financial Conduct Authority (FCA) warned against Zenex. It appears not to be authorized to provide financial services for users in the UK. If you have any concerns…

Summary: An online trading platform, Quotex, makes trading binary options easier. Quotex has a simple interface and includes plenty of trading tools, but caution should be taken. Since Quotex is not regulated according to any established financial authority’s regulation, questions have been raised about its legitimacy. Because it is unregulated, it poses a risk to…

RIVOBANC Summary RIVOBANC positions itself as a new modern online trading platform sitting in Switzerland, offering a mobile trading app and the potential for multiple investments. First, it is an unlicensed platform. RIVOBANC has received a warning and has been blacklisted altogether by the FCA (Financial Conduct Authority) and ASC (Alberta Securities Commission), as legitimate…

Hugo’s Way Summary: Hugo’s Way is an unregulated online broker providing access to a range of trading instruments, including currencies, crypto, stocks, and commodities. Hugo’s Way offers high leverage (up to 1:500) and low minimum deposits; however, there are some challenges from users and the industry have been shared. The main concerns were that there…

Summary: Vital Markets is a trading platform that offers access to various financial markets, including Forex, Commodities, Indices, Shares, and Cryptocurrencies. While it provides advanced trading platforms like MT4 and MT5, there are significant concerns regarding its legitimacy and user experience. The platform is unregulated, accepts only cryptocurrency deposits, and has received poor user feedback,…