Scaneye is a forex and CFD broker that claims to offer a variety of trading products and services. However, there are a number of red flags that suggest that Scaneye is a scam.
Company Overview
Scaneye is a relatively new broker, having been founded in 2022. The company is registered in the Marshall Islands, which is a known offshore financial center. Scaneye does not have any licenses or regulations from any reputable financial authorities.
Does Scaneye Have Any License?
No, Scaneye does not have any licenses or regulations from any reputable financial authorities. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. This leaves traders with no recourse if they lose money or are scammed.
Is Scaneye Regulated By Any Authority?
No, Scaneye is not regulated by any authority. This is another major red flag, as it means that the broker is not subject to any oversight or regulation. This leaves traders with no recourse if they lose money or are scammed.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
- There are a variety of trading products and services offered.
Cons:
- Scaneye is not regulated by any reputable financial authorities.
- There are a number of red flags that suggest that Scaneye is a scam.
- There have been reports of traders losing money with Scaneye.
How Does Scaneye Reach To Their Prey?
Scaneye uses a variety of methods to reach potential victims. These methods include:
- Online advertising: Scaneye advertises on a variety of websites, including social media and financial news websites.
- Cold calling: Scaneye representatives cold call potential victims, often posing as legitimate financial advisors.
- Social media: Scaneye representatives use social media to connect with potential victims and build trust.
Technical Details
Minimum Deposit:
The minimum deposit requirement for Scaneye is $250. This is relatively low compared to other forex brokers.
Trading Platform:
Scaneye uses the MetaTrader 4 trading platform. This is a popular and well-respected platform that is used by millions of traders around the world.
Spread:
The spreads offered by Scaneye are not competitive. The spreads on major currency pairs are typically around 1.5 pips, which is higher than the industry average.
Leverages:
Scaneye offers leverage up to 1:500. This is a high level of leverage, which can magnify profits and losses. Traders should use caution when using high levels of leverage.
Packages and Products They Offer
Scaneye offers a variety of trading products and services, including:
- Forex trading
- CFD trading
- Cryptocurrency trading
- Social trading
- Education and training
Withdrawal and Deposit Method
Scaneye offers a variety of withdrawal and deposit methods, including:
- Credit/debit cards
- Bank transfers
- E-wallets
What Do Their Previous Traders Say?
There are a number of complaints about Scaneye online. These complaints include:
- Problems withdrawing funds
- Unrealistic trading profits
- High fees
- Scamming tactics
Summing Up- Why Should Not You Trust Scaneye
There are a number of reasons why you should not trust Scaneye. These reasons include:
- The broker is not regulated by any reputable financial authorities.
- There are a number of red flags that suggest that Scaneye is a scam.
- There have been reports of traders losing money with Scaneye.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with Scaneye, you may be able to get your money back through a chargeback or by filing a complaint with the relevant authorities. You can also contact a financial recovery company for help.
File A Complaint Against Scam Broker's
Final Thoughts
Scaneye is a scam broker that should be avoided. If you are considering trading with Scaneye, I urge you to reconsider. There are many legitimate forex brokers out there that you can trade with. There is no need to risk your money with a scam broker like Scaneye.
We provide free consultation calls and recovery service recommendations to help in recovering the lost funds.
If you have lost money with Scaneye, please contact us for a free consultation. We can help you understand your options and recommend the best course of action for recovering your funds.
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