Equitiz promotes its platform as the ultimate hub for crypto enthusiasts, investors, and traders, offering a comprehensive range of financial services and products. Given the extensive scope of their offerings, one might assume that the company operates under strict regulatory oversight. However, the reality is quite different.
To make matters worse, Equitiz has faced multiple instances of being blacklisted due to unauthorized attempts to market their services and products. Our in-depth Equitiz review delves into the true motives behind this seemingly customer-centric brokerage agency. Discover the real story behind Equitiz and its intentions.
Equitiz’s Illegitimate Status Confirmed by Regulatory Blacklists
In regions like the European Economic Area (EEA) and other strongly regulated jurisdictions, all financial service providers are required to obtain a legitimate tier 1 license. Shockingly, Equitiz lacks such a license. Despite claiming to operate from a Swiss address, they are conspicuously absent from FINMA’s official register.
To substantiate this, we meticulously scoured various databases maintained by prominent regulatory bodies. What we discovered were official warnings issued against Equitiz by the Financial Conduct Authority (FCA). Furthermore, regulatory bodies like CNMV, CONSOB, and A-TVP have blacklisted the now-defunct domain equitiz.com.
Equitiz fails to provide essential safeguards such as fund segregation for deposit protection. Additionally, they do not grant clients access to compensation schemes or risk management tools like leverage restrictions and negative balance protection. These are just some of the perilous risks associated with unscrupulous brokers like Equitiz, Dbg-coltdfx, and others.
Devious Tactics to Uphold a Dubious Reputation
The individuals behind the Equitiz scheme are determined to maintain a façade of legitimacy for their fraudulent brokerage. A visit to their TrustPilot page reveals their engagement with review-selling networks, a tactic commonly associated with fraudsters like CoinEx VIP.
Equitiz goes to great lengths to flag unfavorable testimonials as harmful or illegal in an attempt to suppress them. However, their efforts have proven futile, as the overwhelming majority of client comments continue to be negative.
How Do They Attract New Clients?
Similar to the modus operandi of GalaxyEx, Equitiz relies on boiler room agents to do the heavy lifting. These persuasive experts relentlessly hound individuals by phone for extended periods to coerce them into depositing funds.
Equitiz’s agents repeatedly demand more money from clients, all while refusing to permit any withdrawals. To reclaim your funds, we urge you to contact our legal experts through live chat and initiate a chargeback process today!
Where Equitiz Finds its Victims
The fact that reputable regulators in the European Economic Area (EEA) have issued warnings against Equitiz indicates their clear preference for targeting victims from these countries. Although their operation is relatively new, victims have already emerged in the following locations:
- United Kingdom
- Spain
- Poland
- Netherlands
- Canada
If you have fallen victim to Equitiz, please do not suffer in silence. Our chargeback professionals are here to assist you in recovering your funds, provided you promptly report the scam that has affected you.
Where is the Equitiz Trading Platform?
Equitiz makes no discernible effort to provide a trading application to its customers. While there are images depicting various devices with trading charts, we could not locate any links to download either a desktop or mobile app.
With no apparent advertising or access to a proper trading application, it raises doubts about whether a trading program even exists.
Conclusion
In conclusion, Equitiz emerges as a concerning player in the realm of financial services, with a host of red flags that warrant serious caution. The absence of proper regulatory licenses, coupled with blacklisting by reputable authorities, casts a shadow over their credibility. The manipulation of online reviews and the aggressive tactics employed by their agents to coerce deposits further underscore the dubious nature of their operations.
Moreover, the lack of a tangible trading platform raises questions about the legitimacy of Equitiz as a brokerage agency. The fact that clients face difficulties in withdrawing funds only serves to deepen the skepticism surrounding this entity.
It is imperative for individuals who have encountered issues with Equitiz to seek professional assistance promptly, especially in pursuing chargebacks. Vigilance and thorough due diligence remain paramount in the face of potentially deceptive schemes such as Equitiz. The warning signs are evident, and exercising prudence is essential to safeguard one’s financial interests.
Comments