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69Brokers Review: 69brokers.com Awry Forex Scam Broker’s Trickery

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69Brokers Review: 69brokers.com Awry Forex Scam Broker’s Trickery

69Brokers (69brokers.com) is a CFDs and Forex scam that must be exposed. This broker is scamming users with the intent of taking everything. Complaints have been sent to us via email by users who have been conned by 69 Brokers. And this was the reason why we had to conduct a full and thorough investigation. Make sure you read the entire review to find out the shocking truth regarding 69Brokers.

69Brokers Review

69Brokers Review:

As we always say in almost all our reviews, it pays to read what professional traders are saying. Reviews are meant to open investor’s eyes into the possible outcome of a broker. With this review, we will expose all the dirty tricks used by 69 Brokers. First red flag that we must mention is how they have easily created an enticing website. If you notice carefully, these scammers have a user-friendly website.

Don’t be easily enticed by the homepage, it’s what these scammers want, to grab your attention. Another factor that we must point out is the many fake claims and promises used. Scammers know for a fact that we all want to make an extra buck. And they come up with ways of claiming that they can make this happen. What these scammers do is claim to help investors make money by simply signing up.

Advantages of using reliable trading robots

These are the advantages of using tested and reputable crypto robots that automate trade and hit the profit target.

Why using Trading robots is the best move

There are reliable crypto robots that have been tested and seen to produce desired results. Go for these robots as they do offer much in terms of success.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club:    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

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Here are some of the pros of using dependable and tested cryptocurrency trading robots

  • Accuracy of trades

Unlike humans who don’t always have the best accuracy, these robots try to furnish traders with the best accuracy.

High profit returns is what these robots are after and tests indicate most of these recommended forex robots hit over 80 percent successful ROI.

  • Great customer support

You obviously want a platform that’s available to help you when needed. Most of our recommended trading robots offer reliable 24/7 support.

Conventional crypto methods of trading such as brokers may not be there to help you with any issues faced.

  • Complete control of robots

When you create or get custom robots, traders get complete control over these robots. You can set the parameters you want for the robot to act. With this power, you can also set profit targets and set loss limits.

  • Error free

As long as the code on these robots is error-free, traders have a chance of making huge profit margins. The code usually is set on certain actions and rules to follow on the market. And this gives less chances of making losses.

  • Setting aggressive and passive trading parameters

With the trader having complete full control, you can set the best in terms of how aggressive or passive you want the bot to trade. If you want the bot to be more market specific, it will act according to the input settings.

Who Owns 69Brokers?

According to the disclaimer at the bottom of the homepage, there’s no indication of the owner. This is one of the red flags that we noticed with 69 Brokers. How do they expect any investor to sign up with an unknown entity? Folks, there will never be a safe time to pull out of 69Brokers than right now. Ask yourself this question, why have they failed to mention their identity? Simply, they don’t want to be known.

Anonymity is a key ingredient to making a successful scam. These scammers have made it perfectly clear that they don’t want to be known. A legit broker will easily reveal their identity mostly at the footer of the homepage. All what 69Brokers does is leave a disclaimer that they are not offering services to some citizens. Yes, they claim not to offer brokerage services to American and Japanese citizens.

Is 69Brokers Licensed or Regulated?

69Brokers Scam

This broker simply has no authorization to conduct any Forex business on behalf of any third-party. What this means is that anyone who signs up with this broker is in league with an unregulated broker. Evidence clearly shows that we are dealing with a brokerage firm that must be conducting business illegally. Where are their registration details if they truly have them? A legit broker would have posted registration details on the homepage.

Clearly, this broker is out to create more harm than good. A broker who has never seen the registration doors is merely a fraud. Don’t sign up with this broker as no regulation body has come out to defend them. Note that some of these brokers can say or do anything to make their platforms appear legit. This wouldn’t be the first time a broker has posted false information regarding their services or registry.

Fake Demo Account.

Here’s another red flag that is worth mentioning, these guys have rigged their demo account. Now folks, this is one of those tricks that the naked eye cannot see. They have rigged the demo account in favor of members. Once you try the demo account, you will notice that trades will be 90% successful. This is what these scammers want, you to believe that their platform can indeed make money.

Next step will obviously be opening a real account with them in the hopes that trades will be mirrored. Problem with this is that a real account demands that you use your own money. Results will be totally different from the demo account as most trades will be losing trades. What we believe is that the broker is giving false information so that members lose funds. This is why we don’t advocate anyone to sign up with a fraudulent broker.

Fake Support Claims.

Here is another visible claim that is a hoax. 69Brokers claims to be available to users via their professional support team. What they actually say is that they are available 24 hours a day if members need any help. Folks, there’s nowhere on their website where there is any live support. In fact, the only support is via email which might take more than 24 hours for a response. This is another fake claim they have posted without being factual.

Go for top-class Forex robots that produce professional services to traders at all times.

Are Funds Safe with 69Brokers?

69Brokers Fake Review

To be brutally honest, funds are never safe with this broker. How can they be safe with an unknown broker? This is why we believe signing up with 69 Brokers is signing up for a loose making venture. To begin with, where are all the deposits going? This broker has not revealed their depository bank. Another scary factor is that this broker maybe pooling funds in one account.

What’s more scary is that this broker does not participate in a compensatory scheme. This means that members will not compensated for any losses incurred. With a legit broker, it’s their duty to insure member funds from any unforeseen loses. Also, we believe that these brokers don’t segregate accounts. This means that members are depositing money in one account which is really dangerous and stupid.

Fake Withdrawal Claims.

What this broker claims is that withdrawals takes place immediately. This is a pure lie as members are complaining about the slow withdrawal process. 69Brokers is giving excuses such as members not reaching required trading volume to warrant a withdrawal. What they have said is that delay of payment is seldom. Why are members complaining of not being able to withdraw funds?

Fake Platform.

According to their homepage, 69 Brokers claim to have an easy to use platform. They claim that their platform is fast and reliable on all devices. What we did was try to download their platform on all our devices. Sadly, this was not possible as download stalled at 31%. What this means is that they have an unstable platform. An unstable platform is bad for business as its prone to cyber-attacks. Stay clear from this platform.

Is 69Brokers a Scam?

There’s no doubt in our minds that 69 Brokers is a terrible scam that is scamming unsuspecting Forex investors. From the level of anonymity to splashing fake claims, 69Brokers is indeed a scam. Want to stay clear from this broker? Make sure that you ignore all incoming promotional materials. First thing to do is mark all their emails as Spam and never click on any links sent by 69Brokers.

69Brokers Final Verdict.

69Brokers Scam Review

Only option we have is to blacklist this broker for the scam they are. It’s a shame that there are fraudsters in the Forex industry who are tarnishing the good trading name. And this is why we believe that relevant authorities will look into this platform. Hopefully, this website will soon be brought down by the authorities.

Finally, we wish you all the best in your Forex trading experience. Always ensure you trade safely at all times

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