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With the growing popularity of online trading, the number of scammers who try to leave traders with empty pockets has also increased. InChart Trading Group claims that it is not one of them, but reviews indicate otherwise. What kind of deception scheme do the crooks use, and what do the victims think of them? Let's find out!
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What is known about InChart Trading Group?
The hero of our review does not name the date of entering the financial market, however, he claims that during his work he received many international awards. The first reviews about it appeared a few days ago, so we decided to find out if this is true. It turned out that all the stories about awards are nonsense, since the sharashka office appeared at the end of November 2021. No organization would award a broker that has been in existence for less than six months.
The management of the scam project hides its faces. Fraudsters are well aware that as soon as the number of negative reviews reaches critical values, law enforcement officers will become interested in them. The inchart-trading.com site itself is made in a stereotyped way: at first glance, it is clear that scammers are not going to work for a long time, therefore they do not invest money in it. The proof is its meager cost.
Sharagi management company Heba Tech LLC is registered in Saint Vincent and the Grenadines. Contacting offshore companies is dangerous, since no one controls their activities. In addition, the address in the local business center indicates a lot of scams such as Kaarat, Interactive Fund and AzaForex. In fact, there is only a bank there, so Heba Tech LLC does not smell like an office. It is also worth remembering that a broker is a separate legal entity, so it must also have registration. It turned out that the "kitchen" is not "registered" even in the infamous offshore.
The charlatans do not indicate the phone number, and this is not surprising: they do not want to listen to the complaints of deceived traders. The one-day office also does not have pages in social networks. The only means of communication with InChart Trading Group is e-mail, which, judging by the reviews, he does not answer.
In the "User Agreement" he threw a lot of points that drive users into bondage:
- scammers have the right to cancel any trader's transaction or change its conditions without warning;
- scammers do not guarantee the accuracy and reliability of information on their own website;
- scammers are not responsible for user losses caused by their negligence.
InChart Trading Group claims to work in compliance with international guidelines and is also a licensed broker. At the same time, there is no information about permits on the site. Judging by the reviews, the lion's share of Sharashkin's clients are Russian investors. According to Law No. 460-FZ, every intermediary operating in the Russian Federation is required to register, obtain a license from the Central Bank and join the relevant SRO. All these demands were ignored by the scammers.
Overview of the terms of cooperation
Scammers do not provide almost any information about trading: there is no minimum deposit, no account types, no spreads, no commissions on the platform. What is known is that InChart Trading Group promises:
- trading on the author's platform available on PC and mobile devices;
- round the clock technical support;
- affiliate program.
Scammers also claim that they provide each client with deposit bonuses. However, not everything is so simple here: without their working out, the user will not be able to withdraw even his money. In addition, trading takes place with a leverage of 1:100. Judging by the reviews, such a high ratio in 99 cases leads to a quick loss of all funds.
What do traders think about InChart Trading Group?
There is a section with reviews on the site. You should not take them seriously, since at first glance it is clear that all laudatory odes are written to order. In addition, there is no form on the site where each user could tell about their experience. On the Web, the situation is different: we did not find positive reviews either in RuNet or on foreign sites. Without exception, all investors claim that the hero of our review is a banal "kitchen" from which you should not expect a return of funds.
Translation: “Inchart-trading.com is a scam! They refuse to return the money, so I had to file a complaint through the bank.”
What divorce scheme do charlatans use?
The main focus of scammers is on bonuses that need to be worked out. Judging by the reviews, scammers are manipulating quotes and tweaking the trading terminal with might and main, so it is almost impossible to do this. If the trader miraculously succeeds, then the swindlers will begin to demand a commission for the withdrawal of capital from the segregated account, stamp and federal taxes.
After paying all these amounts, the user will receive a notification that the money was debited, but the payment was not made due to a technical failure. Attempts to contact scammers are futile, because the “User Agreement” states that they do not bear any responsibility for this.
InChart Trading Group is a sharashka office that deceives clients without a twinge of conscience. The proof of this is the registration of the parent company in the notorious offshore, the lack of a license and a bunch of negative reviews. We do not recommend trusting money to these impudent charlatans!