Brabo Review: Why Traders Might Want to Look Elsewhere

Brabo is a brokerage firm that claims to offer a wide range of trading services to retail and professional traders. However, despite its promises, Brabo has several drawbacks that may make it unsuitable for traders seeking a reliable and feature-rich platform. This review will examine the issues with Brabo’s regulation, security, trading instruments, fees, and overall service quality.

Brief information about the broker

The Brabo website is not informative. Despite the fact that the web resource has an “About Us” tab, there is no specific information about the broker there. It is unclear how long it has been operating and what it has achieved during its existence.

The WHOIS service helped us to find out the real age of the project. It turned out that brabo.ltd has been active since the end of June 2024. This is a logical explanation for why there are only recent reviews about the company. The company recently began promoting itself, so only a small number of people managed to recognize it as a typical scammer.

Of the communication channels listed on the web resource, only email is real. As for the phone number and office address in the UK, they are fake and absolutely useless for traders. The scammers prefer complete anonymity, they do not introduce their team, as they do not plan to bear financial responsibility in case of force majeure. At any moment they will close this scam project and launch a new one, having made a rebranding.

What about regulation?

For any broker that focuses on long-term cooperation with traders and legal work, it is important to get a full legal package. Without this, the company can only create the illusion of transactions. Brabo decided to act this way. The scammers do not provide scanned copies of the certificate of incorporation and license. The platform only states that the broker operates under UK law.

The United Kingdom has some of the strictest rules for financial institutions. In order to open an office and operate there legally, a company must obtain approval from the local regulator, the FCA. It was not difficult to check how things are going with Brabo, since the register of licensees in the UK is open to public access. The results of the check are shown in the screenshot:

Brabo will not let you practice without risks, there is no demo account on the platform. Instead, the intermediary offers to immediately decide on a plan and top up the balance. The main conditions are as follows:

• 4 account types with minimum deposits from $250 to $50,000;
• proprietary trading platform (in reviews, users write that this is a controlled terminal, its technical features are not disclosed);
• spread from 0.00003 pips;
• leverage up to 1:777 (such leverage violates the rules of European regulators);
• negative balance protection;
• hedging is allowed;
• Islamic account for Muslims.

Fraud scheme

The scammers from Brabo convince users that their employees have valuable experience and knowledge that they are ready to share with others. According to the legend, the platform has everything necessary for convenient and safe trading. However, in fact, the scammers are only tricking newcomers into investing. At first, these may be small amounts, but gradually they will start pumping thousands of dollars out of your wallet.

As soon as the scammers realize that the trader’s pockets are empty, they will accuse the trader of violating the agreement or raise suspicion of money laundering, after which they will immediately block the account.

Summary

Brabo presents itself as a brokerage firm with a range of account types and trading services but fails to deliver on key fronts such as security, platform reliability, and affordability. Its lack of clear regulation raises significant concerns about fund safety, and its proprietary platform is limited and unreliable for professional-level trading. Given the high fees, limited instruments, and poor educational support, traders may find that there are better, more transparent options elsewhere.

Gxkllv Broker Review

Gxkllv presents itself as a modern broker offering a variety of trading services, yet it leaves much to be desired in several critical areas. Despite its promises of competitive trading conditions and excellent support, closer examination reveals certain shortcomings that prospective clients should carefully consider.

Brief information about the broker

According to the owners of the Gxkllv project, the platform has been operating for over 15 years and has achieved fantastic success. The website lists the following:

• 37,300 users;
• $83 million daily turnover;
• 341,720 transactions every day;
• 250+ assets to choose from.

If the company really told the truth, there would be a bunch of reviews about it on the Internet for all 15 years, but in fact, the comments appeared relatively recently. We immediately had doubts that the company was telling the truth about its solid experience. Thanks to the WHOIS service, we found out that gxkllv.com was registered last year in July, and they started promoting this offer even before that.

The fact that a company hides its real experience is a worrying sign. This is what most companies do, who do not plan to bear financial responsibility and compensate for the harm.

Legal documents

Gxkllv does not disclose where it is registered or licensed, but the “User Agreement” mentions dispute resolution under the laws of the offshore jurisdiction of Vanuatu. If this is true, the broker should at least be authorized in that island nation. However, a check of the local regulator’s registry shows that Gxkllv is not listed. The firm operates illegitimately and cannot offer any guarantees to users. It is only capable of simulating the trading process, and that’s all.

Trading conditions

The company promises convenient trading conditions, an intuitive platform interface, and 24/7 expert support. However, as a pseudo-broker, it doesn’t even provide a demo account, preventing users from testing the platform’s functionality and making informed decisions. After registration, users must fund their accounts by choosing a plan. Key features of their trading conditions include:

• A range of trading instruments, including cryptocurrencies, commodities, stocks, metals, indices, and currency pairs;
• Three account types with minimum deposits from $150 to $10,000;
• Instant order execution;
• Leverage up to 1:100 (varies by asset class);
• Optional deposit protection insurance, depending on the chosen account type.

As for financial transparency, this fake broker does not even list available payment methods, let alone provide details on commission fees. The platform claims that profit withdrawal requests will be processed within 5 minutes to 24 hours. However, user reviews tell us this is a lie.

Scam tactics used by Gxkllv

Scammers at Gxkllv target novice traders who prioritize reliable support and convenient trading conditions, such as a low initial deposit and an intuitive platform. Gxkllv promises all of this to lure victims. The scam’s goal is to draw traders into a financial trap and convince them to fund their accounts. Once users deposit, the scammers push them to make additional investments, convincing them they are successfully trading. Since the platform is fully under the scammers’ control, it’s easy for them to simulate profitable trades.

In reviews, defrauded traders report that by the time they realize they’ve been scammed, their funds are already gone. The scammers refuse to return the money voluntarily, forcing victims to consider chargebacks and hiring legal assistance to recover their funds.

Summary

Overall, Gxkllv presents itself as a comprehensive broker but ultimately leaves much room for improvement. Without clear regulatory backing, a competitive fee structure, or an extensive range of educational and platform options, Gxkllv may not meet the standards that more experienced traders expect. Prospective clients should carefully evaluate these factors and consider alternative brokers that offer more transparency, protection, and value for their investment.

Marolix Review: Why Traders May Want to Think Twice

Marolix claims to be a full-service broker offering a range of trading services and instruments for traders. Despite its initial appeal, a closer look reveals that the broker has limitations in key areas like regulation, security, and fees that could be concerning to potential traders. This review highlights the key aspects of Marolix and explores why it may not be the best choice for traders seeking reliability and transparency.

Key information about the broker

According to the legend, Marolix is ​​a well-known trading agent that has been providing services to traders around the world since 2004. The organization positions itself as a fast-growing online broker, with which more than 200,000 investors already cooperate. The website contains the following statistics:

• 12 international awards (however, there is no confirmation that the prestigious awards were actually received);
• lightning-fast order execution (according to the legend, up to 1 ms);
• 24/7 professional support even on holidays and weekends.

Here the clear expectation is that newcomers will fall for empty promises and share their capital. According to the reviews of scammed traders that have already begun to appear on the Internet, the scheme works. The scammers have already managed to deceive quite a large number of people.

The first thing we decided to check was the age of the website. Since the reviews were recent, we immediately had doubts that the broker had been operating for a long time. The results of checking the specialized whois service confirmed this. The marolix.org website was registered at the end of July 2024. The owners of the scam project take advantage of the lack of information about their brainchild and are now actively promoting it on social media and thematic forums about online earnings.

Legal documents

A broker that aims for long-term work and honest relations with traders must have a full package of legal documents. However, the creators of Marolix clearly did not think about this. The platform does not have a registration certificate and license. The broker claims to be licenced by SEBI, but we checked the register of the Indian regulator, there is no such company:

The scammers wanted to be cunning and indicated in the “User Agreement” that they operate under the law of Saint Vincent and the Grenadines. We checked this and we didn’t find anything.

Trading conditions

The scammers try to gain the trust of newcomers, so they offer to start cooperation with a demo account. According to reviews, while the user makes transactions with virtual money, the transactions show positive results. The scammers use a manipulated terminal, so it is easy for them to make users believe that it is really possible to earn money and top up an account on the platform. Investors are offered the following conditions:

• three account type with deposits of 100 USD/EUR;
• 300+ assets to choose from (stocks, digital assets, global indices, currency pairs, precious metals);
• the “Mini” account type provides analytics, expert consultations, competitive spreads (their size is not disclosed);
• when replenishing an account with an amount of $5,000 or more, there is additional training in strategies, use of the best indicators, and provision of trading recommendations for all assets;
• the “VIP” plan also promises an individual approach, creation of a diversified portfolio, closed analytics, reimbursement of commission costs for replenishment up to 100%, and an advance replenishment of $5,000.

The company does not disclose its financial policy, they even forgot to indicate the list of available payment methods on the website. Based on reviews, the scammers change the conditions as they please.

Account types

Marolix offers various account types but does not provide detailed information about fees, spreads, or other costs on its website. This lack of transparency can lead to unexpected charges. Moreover, the fees that are disclosed appear higher than industry standards, particularly for beginner accounts. Hidden fees, especially in terms of withdrawal and inactivity charges, add to the negative experience, making it difficult to assess the total cost of trading on the platform.

Fraud scheme

Marolix understands that most newcomers come to financial markets without sufficient knowledge, so they are easy to deceive. Scammers say that they will provide qualified support and help achieve success. However, in fact, they only want to get a large amount of money. While the user trades at the minimum, the scammers will show profitable trades for them. However, it is enough to trust the company and deposit several thousand dollars into the account, the methods will immediately change. The scammers will arrange a technical failure on the site and clean out the deposit account. After that, they will stop contacting the deceived investor. The victim will only have to seek help from professional lawyers.

Summary

Marolix has raised numerous red flags that point towards a potential scam operation. The company lacks transparency, providing minimal information about its licensing, regulation, or the identities of those running the platform. User reports suggest that Marolix promises high returns and lucrative trading conditions to attract investors, especially beginners. However, once users deposit funds, they experience difficulties withdrawing their money, facing long delays or outright refusals.

Marolix also uses aggressive tactics to pressure investors into depositing more, often claiming additional investments are needed to unlock certain profits or benefits. The platform’s unregulated status and lack of credible oversight make it an unsafe choice for traders. Reviews from former users indicate they often had to resort to chargeback services or legal avenues to attempt to recover their funds.