Hello, traders and everyone interested in making money on financial markets! Today we have a “hero” that actively targets trusting users – Netview Trading with the website netviewtrading.com. At first glance, it looks like a typical Forex broker promising mountains of gold, a convenient platform, and “professional” support. But dig deeper, and you uncover the dirty secrets of a classic scam. Let’s figure out why you should avoid this company at all costs.
First Impression: Dust in the Eyes
When you visit netviewtrading.com, what do you see? The standard package: beautiful charts (likely drawn or taken from open sources), promises of easy earnings, stories about innovative technologies, and super-profitable conditions. The site may look quite decent, sometimes even expensive. This is done intentionally to lull your vigilance. Beginners who don’t fully understand the nuances of trading and regulation can easily fall for this trap.
Aggressive marketing is another hallmark of such “brokers.” You might receive persistent calls from “managers” or “analysts” persuading you to invest money, promising personal guidance and guaranteed (!) profits. Remember:
“No legitimate broker will ever guarantee you returns on the high-risk Forex market. Promises of ‘gold mines without risk’ are the first and most obvious sign of fraud.”
Where’s the License, Netview Trading? Hello?
The most important question for any broker is whether they have a license from an authoritative regulator. It’s your only (though not 100% foolproof) guarantee of protection. What do we find with Netview Trading? Absolutely nothing! Checking against the databases of serious regulators (such as CySEC, FCA, ASIC, BaFin, or even our own Central Bank of Russia) yields no results.
In the best-case scenario, they might hide behind a registration somewhere on the Marshall Islands or Saint Vincent and the Grenadines. It’s crucial to understand: such registration is merely an entry in a company registry; it DOES NOT constitute a financial license and DOES NOT grant them the right to provide brokerage services in many countries.
“Trading through an unregulated broker is like playing cups and balls with a cardsharp. You’re in a losing position from the start, and your money has no protection.”
Operation Scheme: From Euphoria to Blockage
How do companies like these usually operate?
- Baiting: They persuade you to deposit a small amount (
$100−$250). - Faking Success: Using either a “personal analyst” or a rigged platform, they may show a nice increase in your account balance. The first few trades might even be “successful.” The goal is to create euphoria and convince you to invest more.
- Scamming for Larger Sums: Once you believe in success, they’ll push you to invest significantly more – thousands, or even tens of thousands of dollars. They might offer “super-profitable” deals, bonuses (which later turn out to be unattainable) or participation in “exclusive programs.”
- Withdrawal Issues: The real fun starts when you try to withdraw money, even a small amount. Suddenly, there are “technical issues,” endless verification requests, demands to pay made-up taxes, fees, or insurance. Any excuse will do, as long as they don’t return your funds.
- The Outcome: Eventually, your account is either drained by losing trades (often due to the “analyst”) or simply blocked. Managers stop responding. Your money is gone.
“Requiring payment of taxes, fees, or insurance before withdrawing funds is a classic move by scammers. Legitimate brokers deduct applicable taxes from the withdrawal amount, not demanding extra deposits.”
Real People Reviews
Although Netview Trading may be a relatively new project (they often change names and websites), negative reviews about problems with withdrawals are likely already appearing online. Look for information on independent forums and review sites. Positive reviews are often paid for.
Verdict
Netview Trading (netviewtrading.com) shows all the signs of a financial pyramid and fraudulent scheme disguised as a Forex broker. Lack of clear regulation, aggressive marketing with unrealistic promises, a standard scam pattern, and probable future (or already existing) withdrawal issues for clients scream: “Stay away!” Don’t risk your money. Look for reputable brokers with good reputations and licenses from serious regulators.