Review: Scam Or Legit? | Recover Lost Funds
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Summary has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to We’ve received over 4 complaints against, which lacks sufficient regulation, indicates a possible fraud or unlawful enterprise. Unlicensed investment services might vanish without a trace, leaving victims vulnerable. Verify a company’s regulatory status and license information to ensure consumer protection. The absence of from respectable regulatory agencies raises doubts about its reliability. Traders, particularly in the United States, Italy, Kenya, and South Africa, should be cautious. The lack of transparency, questionable procedures, and probable withdrawal concerns make it critical to approach with caution. Report such schemes to protect others, and consider chargebacks to recoup funds. Scammers such as frequently employ fake reviews and misleading customer support. Be cautious and emphasize comprehensive research before using any online trading platform.

Get Your Money Back From These Scammers!


Key Takeaways has lost investors thousands of dollars website owner is anonymous
Vague terms of service

Is Regulated? Do They Have a License?

The lack of regulation or the presence of poor regulation is a huge red flag. It means is a scam and most likely, an illegal operation.

Homepage of

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?

In Malaysia, regulatory monitoring is predominantly administered by entities such as the Securities Commission (SC), Labuan Financial Services Authority (LFSA), and Bank Negara Malaysia (BNM). Financial entities must register with these agencies to ensure adherence to specified criteria. However,, despite asserting its presence on the Financial Services Authority (FSA) record, is not officially registered with any of these regulating authorities.

In addition, lacks affiliation with prominent regulatory entities such as the Financial Conduct Authority (FCA), Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), or the Australian Securities and Investments Commission (ASIC). The absence of reliable supervision raises significant concerns regarding the credibility and reliability of the firm.

Engaging in investment activities with an organization that has appropriate regulatory credentials can result in possible fraudulent schemes. The investor’s decision to rely on an unproven entity could be the cause of any subsequent financial loss. Hence, it is imperative for investors to exercise prudence and do meticulous due diligence before engaging with 

The lack of strong regulatory support from established agencies should be a major cause for worry. In the end, the individual who decides to trust a corporation without sufficient regulatory validation may be held accountable for any negative consequences that arise in such situations. Unveiling its Operational Work

It is perplexing that this brokerage, which asserts itself as an acclaimed broker with a decade and a half of expertise, has no reviews. The lack of feedback gives rise to worries regarding the honesty and genuineness of their claimed accomplishments. The position grows increasingly dubious when the broker offers alluring terms, such as minimal spreads and zero commissions.

An indication of concern arises due to a lack of transparency regarding the broker’s profit model. Traders must carefully examine such inconsistencies and exercise caution before committing to a brokerage that seems to provide overly favorable conditions.

Moreover, the lack of evaluations could suggest a deliberate attempt to distort the broker’s reputation. If anyone knows any further tactics employed by the broker to manipulate traders, do provide your thoughts. 

For those experiencing withdrawal problems, it is especially vital to comprehend the broker’s procedures, since this knowledge is essential for taking the necessary actions to recover funds. Engaging in transparent communication regarding these experiences can assist fellow traders in making well-informed judgments and successfully navigating any obstacles in the financial realm.

Customers of

Since its incorporation in 2022, has been unable to create a reputable and trustworthy image. Our thorough analysis of the Kot4x review reveals possible issues regarding the This investment firm mostly engages in fraudulent activities that specifically target traders from the following regions:

  • United States 
  • Italy
  • Kenya
  • South Africa

Individuals from these locations should take caution when engaging with, as it lacks a trustworthy and reliable track record since its establishment in 2022. The comprehensive examination of our Kot4x review explores the specific factors that contribute to the dubious image of this investing organization.


Trading Conditions and Deposit/Withdrawal Methods at

ASAGP Brokerage is renowned for offering the MetaTrader 5 platform, widely regarded as a premier platform in the industry. Traders choose this platform because of its sophisticated features, including chart optimization, technical indicators, and automated options.

Nevertheless, it is necessary to emphasize that the validity of the broker is paramount in the context of online trading. The usefulness of these complex features and instruments will not matter if the broker is not legitimate or credible. 

Before depending on the platform and its capabilities, traders should exercise caution and do a thorough assessment of the broker’s reputation.

Is the Mobile Trading App Accessible?

Undoubtedly, both iOS and Android users have the freedom to apply this software on their mobile devices without any restrictions. Furthermore, customers do not need to search for alternate solutions, as all features are easily available through mobile applications.’s Financial Instruments

An inherent limitation of this trading organization is the lack of cryptocurrency assets in its product portfolio. Instead, they offer alternatives within four additional categories:

  • Commodities – natural gas, crude oil, platinum
  • Shares – American Airlines, Walt Disney, IBM
  • Indices – DAX30, CAC40, FTSE100’s Account Options

The account kinds lack any significant benefits. In essence, the conditions are uniform for all types, with differences only coming into play when larger deposit amounts are involved. At this stage, traders can expect to receive fictitious promotions, unique deals, and additional benefits. However, people have the option to choose:

  • Alpha $3.000
  • Beta $500

Can Traders Utilize Demo Accounts?

The Beta account type includes a demo account, which is a favorable feature. Nevertheless, the minimum deposit prerequisite is somewhat elevated, particularly for an unregulated corporation. It is crucial to acknowledge that several reputable organizations with high standing in the industry demand a significantly lesser initial investment for commencing trading. Fees, Leverage, and Commission asserts a leverage ratio of 1:100, however, United States regulations restrict retail traders to a maximum leverage of 1:50. Furthermore, the broker promotes exceptionally narrow spreads, commencing at a mere 0.2 pips. 

Nevertheless, the reliability of these minimal numbers is dubious, and the broker probably utilizes several strategies akin to their zero-commission policy. Moreover, the broker’s lack of clarity concerning additional costs creates the possibility for potential manipulation. Welcome Bonuses 

Although does not provide bonuses as a direct incentive, they do offer promotions, especially for their Alpha account. It is imperative to thoroughly examine the terms and conditions of these promos to determine if they include any type of bonuses. Neglecting to do so could subject them to the possibility of incurring losses.

The lack of explicit bonuses does not always imply the absence of supplementary incentives or advantages associated with the Alpha account. These promotions may manifest in several ways, such as decreased fees, improved trading conditions, or additional benefits aimed at enticing traders to this particular account category. 

To protect your investments, it is crucial to have a comprehensive understanding of the characteristics and consequences of these promotions.

Several trading platforms have distinct policies and prerequisites for bonuses and promotions. Certain requirements may be imposed, such as requiring a certain level of trading activity or a specified amount of time during which funds must be held before they can be withdrawn. 

Failure to do a comprehensive analysis of the terms may accidentally expose traders to unanticipated restrictions or difficulties when trying to access their funds.

In the ever-evolving and intricate realm of online trading, where promotional activities hold considerable sway in luring clients, traders must conduct meticulous research and caution. Thoroughly examining the terms and policies of any promotions being given helps traders make well-informed choices, reducing the likelihood of encountering financial difficulties. 

Hence, it is imperative to thoroughly comprehend the particulars and consequences associated with promotions related to the Alpha account or any other account category, to successfully protect your trading capital. Withdrawal 

The lack of official documentation from makes it difficult to verify their withdrawal policy, leading to uncertainty. Regrettably, the result of such conjecture tends to be continually bad.

Furthermore, the lack of transparency in displaying the financing options complicates the ability of users to determine whether payment in cryptocurrency, Skrill, Neteller, or any other electronic payment platform is accepted. The absence of clearness gives rise to apprehensions regarding the authenticity and dependability of the broker’s financial activities.

In addition, the broker can potentially offer a wide range of justifications to limit or refuse the withdrawal procedure. The lack of a transparent and easily understandable withdrawal policy, along with concealed ways of funding, results in a situation where consumers may encounter substantial difficulties in retrieving their funds. 

Given the concerns, it is prudent for individuals to exercise caution when considering involvement with this broker, as the possibility of encountering difficulties during the withdrawal process could jeopardize their financial investments.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4 Customer Service: Do They Handle Complaints Well?

If customers face any difficulties with, one option is to share their feedback online, so ensuring that other traders are informed about their experience. Nevertheless, retrieving your funds may present a formidable task. The procedure differs based on the funding type, necessitating certain stages for resolution.

No, not at all. lacks a license and operates as an entirely anonymous entity. If anyone has been affected by their actions, please reach out to our chargeback team for comprehensive guidance. is engaging in deceptive practices to convince traders of their legitimacy. Unified by a singular objective. To illicitly obtain additional funds from clients. Ultimately, anticipate their disappearance.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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5 Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “ reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising reviews coverage

You should always look out for consumer complaints. In the case of, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about You can share your complaint in the comment section or submit an anonymous tip.


Is Legit Or Scam? is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust

All the evidence suggests that is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.


Frequently Asked Questions

Is a scam?

According to the online reviews of this company, it’s highly probable that is a scam. You should exercise caution when dealing with them.

Can I withdraw money from

Yes, you can withdraw your funds from by getting in touch with one our experts. Get your money back immediately.

Where is Located?

There is no information available on the location of

How do I get my money back from

To get your money back from, you can file a chargeback. Learn more here.

How The Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

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If you’ve lost money with, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
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