Concept4X (Concept4x.com) is a CFD and Forex scam broker to hit the money market scene. This Forex scam platform claims to be the world’s fastest growing and best Forex trading platform. Members are enticed with huge promises such as having a fast learning curve and excellent customer support. Read this whole review and get the whole truth about Concept4x. No stone will be left untouched as we will reveal everything.
These scammers have done a good job with this website as it’s really eye-catching. Don’t be fooled by this, it’s what these scammers want. To grab your attention with a homepage that looks and feels real. Behind this user-friendly website, lies professional scam brokers who want to take your money. Some of the tricks used are easy and some, straight from the scammer’s manual book.
With no actual person coming forward to claim to have won money with Concept4X, we had to investigate. What scammers first do is create a never-ending first impression, with the website and the promises. Promises such as users getting the ultimate online trading experience are overly exaggerated. Concept4X does no such thing, in fact, only thing we have seen is negative client feedback.
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Top among the empty promises we discovered was not true include real-time market signals. According to the website, Concept 4X has provided users with advanced tools to help them succeed. Some of these tools they claim to have include daily analysis, alerts, and signals. Problem with these promises is that they are not really actual. Members get no alerts and their signals are a bit late.
What about the one-on-one educations? Concept4x claims to give traders a one on one education that will help users. How are they doing this? Even after we registered and asked for some tutorials, none was sent to us. Does this mean that they are simply not educating members? It’s sad that they use such promises to get people to sign up. At least they would have offered tutorials and webinars to members.
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Disclaimer at the bottom of the page shows that a company owns this platform. All Green Capital LTD owns Concept4X. Note that this company is from the Dominican Republic. It means that this is an offshore broker. Offshore brokers are notorious for not following strict rules and regulations as we will later explain. All Green Capital has also been involved in other Forex scams.
What about the people who are behind the development of this platform? As Forex investors, we would like to know who created this platform. Why do they keep these people’s identity anonymous? Folks, it’s because scammers are good at hiding their identities. They don’t want you to find out who they are. One good reason for this is that once they scam you, authorities won’t be able to track them down.
Concept4X has different account types for users to choose from. There are six different account types that you can choose from. These accounts include Basic, Silver, Gold, Platinum, Diamond, and VIP. Minimum deposit ranges from $250 to $50, 000 depending on the account type you choose. Problem we noticed is that they don’t explain clearly what these accounts offer to users. They simply list them.
How do they expect people to choose which account best suits them? Another problem we noticed with this scam is that there’s no money back guarantee. Once you deposit money and you want it back, there’s no way to get it. This is what scammers do, take your money and run away with it. Knowing that you will not be able to contact them, it makes their work even easier.
Concept 4X initially had a demo account and they have swept it under the rug. We noticed that their demo account has been rigged in your favor. One might think that this is a good thing but it’s not. What these scammers have done is ensure that you make only successful trades. Once all your trades are over 90% successful, you will want to try the real thing. Opening a real account is what these scammers want from you.
Once you open a real account, all hell breaks loose. Opening a real account with these people will spell trouble for you. Best thing to do is completely ignore all promotional materials from Concept4X.
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According to the homepage, Concept4X claims to have the best trading platform in the market. Problem with this is that they don’t explain which platform they are using. Is it MT4 or MT5? A good Forex broker will tell you from the word go what platform you should expect to use. What we did was try to download this platform on various devices. As we expected, this platform did not download.
Download stalled at 49% and this is a clear indication that the platform is unstable. An unstable platform will most definitely be a real headache to users. For starters, this platform is prone to attacks from third parties. Yes, hackers can easily gain access to this platform and steal your identity. Worse still, they can infiltrate this platform and take your credit card details. Hackers use such platforms as gateways to credit card theft.
Truth be told, Concept4X is a scam and there’s no way your funds are safe with this broker. Notice that even their website is not SSL encrypted? It’s sad that at this day and time, a website does not use SSL encryption. As we said above, even newbie hackers can take advantage of this platform and take control. Imagine going to look at your balance and notice that you have zero and you had deposited $2500?
Segregation of funds is also not promised, no one knows which account users are depositing money to. For all we know, members are depositing money into the owner’s personal account. With all this evidence, no one should sign up with Concept4X platform.
Concept4X is a Scam that should be avoided at all costs. No one should be able to steal money from investors and get away with it. Authorities concerned should look into this matter and take the whole site down.
Our verdict is that we are dealing with a professional scam outfit. Best thing to do is ignore all incoming emails from Concept4x. Make sure you mark all their emails as Spam and you will never hear from them again.
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