Investigating or researching brokers is one of the most important steps to protect your money from scammers. That is why we have written the EndoTech Review after long research and found the broker to be a potential scam.
Many signs make this broker a scammer. Read this EndoTech review to uncover everything to make yourself aware of this scam broker. We suggest you look at our routinely refreshed list of scam brokers 2022 to guarantee your money will not go into the hands of a scammer.
Broker Website – https://endotech.io/
Address – Ness Ziona, HaMerkaz, Israel
Warned By – Financial Services and Markets Authority (Belgium)
Endotech is a crypto trading robot that offers trading portfolio management tools for participants in the cryptocurrency, foreign exchange, and futures markets. The website can be found at https://endotech.io/, and the company is located in Israel. In the contact details, they provide an email email@example.com, but the contact number is missing from their website.
ENDOTECH claims to be the leader in alternative investments globally. They also claim that they are the acknowledged market leader in algorithmic alternative investments, with hundreds of millions of dollars spread across a variety of asset classes, from cryptocurrency to foreign exchange and beyond. But the reality is far different from their claims. EndoTech, which asserts to have been created in 2012, is essentially a cryptocurrency investment scam that has been active for more than two years. Read a complete EndoTechreview to learn more about this broker.
EndoTech Review: Regulation
Checking a broker’s license is a must because, without a license, it is highly possible to defraud users. endotechhides all the necessary details from its website, including contact number, regulated license, terms and conditions, etc. The lack of information about Endotech proved that it is not only unregulated and unreliable but is also blacklisted. A public warning was issued against this broker from the authority of Belgium – Belgian Financial Securities and Markets Authority (FSMA). According to the authority, this broker is providing financial services without any regulated license.
How does the EndoTech scam work?
When unskilled and new traders search for an online trading platform, online scams begin. Because most investors have minimal expertise in the forex market, scam brokers have a high possibility of stealing money from investors. Endotech scam also uses the same tactics as other scam brokers. Scammers approach people through social media or online advertisements to persuade them to invest money in them. They pretend to guarantee that they will increase or double your investment. If you invest money in them, their demand will increase every day for more money. But it’s too late when investors discover they have been duped by scam brokers and have lost all of their money on a bogus trading platform.
We do not see any positive customer reviews about Endotech on other review sites. After reading all the negative and positive Endotech reviews, we found that this broker is a potential scam and might be involved in suspicious activities like Cryptocurrency scams, Forex scams, Romance/Dating scams, Gift card scams, or any online scams. Fraud Reports Online provides a list of scam brokers 2022 on our website that helps to avoid such scam brokers.
EndoTech Review: Conclusion
With the lack of information and a warning from the FSMA authority, is proved that Endo Tech is an unregulated and unregistered scam broker. File a chargeback for fund recovery if you were the victim of Endotech scam or other online scams. Fill out a complaint form on the Fraud Reports Online website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery. Since it is your hard-earned money, Fraud Reports Online recommends you be vigilant and research reviews on many sources before investing.
Also, if you are a victim of a forex scam, binary scam, cryptocurrency scam, romance scam, tax scam, pension scam, or any other scam, file a complaint against EndoTech and tell us your case. Let us help you in fund recovery!
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Also, check New Zealand’s FMA blacklisted brokers here.