Lets tell the whole truth about the Sellfkings - scam
The online broker Sellfkings, which operates in the Russian Federation, is a criminal with a tarnished reputation.
If we go to the official website of Sellfkings - Sellfkings.com, we will find that the company under study offers brokerage services for working on the Forex financial market in Russia. Sellfkings also offers programs for trading operations.
We analyzed the Sellfkings website, got acquainted with the working conditions, made a trip to get at least demo access to the services, analyzed the existence of papers, the region where the company was registered.
With this information, we will find out: Is Sellfkings a scam or not?
In addition, we will explain to you how not to get into the networks of scammers, about their work algorithms. We will provide the necessary data in order to keep your money safe.
Sellfkings is based offshore
A serious signal indicating that Sellfkings.com is bandits is the state of registration. Documentally, the company is registered in the Marshall Islands, which is already in doubt, since the company operates in Russia. Offshore regions are popular with scammers due to the absence of the need to comply with the law and regulations.
In addition, this state does not have the rights to work on the Forex market.
In addition, when we tried to detect the physical or legal address, mentions of the owners and directors of Sellfkings.com, we could not find anything.
This hints that Sellfkings.com is an illegal Internet broker, interaction with which will result in large financial losses.
We couldn't find information about Sellfkings organizers
After examining the site, our employees could not identify the truthful information about the owners of the Sellfkings company. No physical or legal address, no phone numbers or other ways to get in touch.
This probably means that the actual leaders are trying to hide data about themselves in order to elude the answer for crimes. Even if you manage to find one of the employees of Sellfkings, then everything will end there, and the actual directors of the fraudulent company will remain at large with money.
Sellfkings, website - Sellfkings.com, is up for less than thirty days
The official website Sellfkings.com talks about the great experience in Forex.
The most common method of checking the official site is to obtain information about the domain name. Basically, they record the age of the existence of a domain name, information for contacting its owner.
In this case, the Sellfkings.com domain name is valid for less than 30 days, and the information about the individual who owns it is hidden. Another proof that the owners of Sellfkings are trying to maintain their anonymity.
Such a desire can be understood, but not in those cases when it comes to a company acting as an intermediary between the user and the Forex market.
At the same time, Sellfkings.com assure potential users that they have been working effectively in Forex for quite a long time.
Sellfkings.com does not have a trial period
It is normal practice for Internet brokers to give users a test version of the software so that they can get acquainted with the interface and try their skills in Forex operations with virtual currency.
Unfortunately, on the Sellfkings.com website, we did not find any mention of a trial period, the ability to test the programs.
We assume that the directors of Sellfkings.com most likely do not plan to provide traders with demo access to their software, as someone may suspect something is wrong.
Online Broker Sellfkings.com Has a Negative Score
Official companies that operate in the Forex market do not use a negative account in their activities. By law, a broker's client cannot spend more than what is currently on the account. In those rare situations when the account still goes into a negative value, the loan will have to be repaid not by the client, but by the organization that provided its services.
Because of this, official Internet brokers do not use a negative account in their work.
However, Sellfkings.com provides customers with trading with a negative balance, that is, in debt.
Why is it necessary?
In order to drive the client into debt and begin to require him to repay the loan. This is one of the most commonly used methods of deception used by bandits.
In the event that this has already happened, it must be remembered that scammers have no way to get money out under Russian law. Any means of influencing you is illegal. The most that criminals are capable of is to disturb with calls, write messages with demands.
It is impossible to cooperate with Sellfkings, since all attempts to reach an agreement will result in new losses.
Sellfkings.com operate with a credit ratio of one to four hundred or more
At this point, it becomes clear that the Sellfkings are bandits. However, let's pay attention to one more fact, namely the presence of excessively high leverage.
The credit ratio is the ratio of the money of traders and online brokers at the conclusion of a transaction. Leverage allows large trading operations to be carried out by users who do not have access to large amounts of money.
In order to protect Forex clients, laws in civilized countries require the use of leverage with a maximum ratio of one to 30, sometimes 50.
At the same time, Sellfkings uses a credit ratio of 1 to four hundred for Forex trading activities.
Such an attitude is permitted in Switzerland, since organizations registered in this country enjoy great confidence. However, Sellfkings is not issued in this country.
In fact, Sellfkings are not authorized to trade in the Forex financial market with such a credit ratio, due to the high risk to clients. Accordingly, this is used to force the user to give away as much of his own money as possible, but also to drag him into debt.
Local branches of Sellfkings
It is considered prestigious for any financial institution to have local branches in developed regions, even if the activity is carried out only on the territory of the Russian Federation. So Sellfkings reports that in addition to an impressive number of awards, there are local offices in Britain, Australia and other developed countries, as well as a lot of qualified employees.
Checking the existence of these branches is quite simple. After all, there are specialized organizations that regulate the actions of online brokers. In England, this is FCA, and for example, Australia - ASIC.
That is, a legal organization must have supporting documents from these or other organizations that will confirm their permitted right to provide trading services on the Forex market, indicate the level of responsibility.
And yet, after checking the profile web sites, our specialists could not find them. This once again reinforces our fears.
To register on Sellfkings.com, you must transfer confidential data
As we reported earlier, Sellfkings does not have a trial period, and therefore, in order to gain access, you must immediately transfer the minimum deposit to Sellfkings scammers. In addition, access to the Sellfkings.com personal account is really only upon completion of identity verification.
This means that Sellfkings requires its customers to transfer data such as:
- Information about an individual (passport, etc.);
- Data on the permanent place of residence (receipt for a communal apartment);
- Information about qualifications, place of work, length of service.
In addition, during the first transfer, the bandits are able to access personal account information.
Together, this data can enable scammers to spend a loan on a deceived user, or carry out other illegal frauds.
Since you need to transfer your personal information to register on the Sellfkings.com website, our experts have not been able to access the Sellfkings personal account and programs for earning money in the Forex financial market.
Real reviews about Sellfkings
A very important step in exposing Sellfkings is the analysis of customer reviews.
A thorough study of the search results on the Internet allowed us to obtain the following data:
- Most of the reviews and mentions of Sellfkings on the Internet are fake. These are the same positive mentions and comments of a paid nature;
- All true reviews and comments about Sellfkings are negative. Our employees were unable to find credible reviews and comments from users of Sellfkings.com, which would say about a decent income, successful activities.
- Negative reviews and comments are caused by criminal acts, theft of funds, special debt creation.
Because of this, Sellfkings reviews indicate that this broker is a scam.
Sellfkings contact details and official papers
After analyzing the information on Sellfkings.com, our staff found many dubious digital white papers that can be easily made using a photo editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not associated with regulatory companies, then its clients simply have nowhere to turn for help.
On the "Contacts" page, we found a phone number. It turned out that it had already been used by an illegal broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on Sellfkings.com.
Withdrawing money from Sellfkings.com
Are you going to make money with the help of Forex online broker? Make sure you can take money from him.
Analyzing the user agreement on the official Sellfkings website, our employees did not find specific information about the withdrawal methods. In addition, our experts found a description of punishments for account inactivity, but did not find information about their amounts. Since scammers do not operate in a legal field, it will not be possible to cancel these fees.
Therefore, even if the trader has completed cooperation with Sellfkings, they can call and send messages demanding to pay the fine.
How does Sellfkings work?
The method of searching for new users that Sellfkings uses is also suspicious.
For promotion, fake profiles on social networks are used, in which non-existent users report how they instantly managed to make a profit by making transactions in the Forex market with the help of Sellfkings. The bots flaunt expensive cars and clothes, trips to resorts and other manifestations of the rich life.
They guarantee instant income, for which you do not need to learn or put in a lot of effort.
If a potential trader gets in touch with scammers, Sellfkings employees talk about the reality of instant income, and also about the unique abilities of their software, which allow you to immediately withdraw serious income.
Then various tricks come into play to get as much money from the trader as possible. For example, you can draw fake profits in order to provoke you to give even more investment.
If trading on Forex becomes unprofitable, a personal manager will offer to invest more to compensate for the losses.
Sellfkings employees act according to algorithms created by experienced manipulators. They analyze user data in order to influence vulnerabilities, get more investment.
One way or another, everything will lead to one of two endings:
- If you decide to get money before you find yourself in loans, you will be fined, your money will be frozen, and everything will be done to force you to transfer more;
- When you allow criminals to drive the account on credit, threats will fall, scammers will begin to demand the return of a fake debt.
Another way to generate income for Sellfkings can be the transfer of your personal data to third parties. We assume that, as a result, exhaustive information about you can really be purchased for a modest amount of money on some anonymous community on the darknet.
Most likely, after that, all kinds of criminals, managers, etc. will begin to spam you more often. In addition, you can expect letters from Sellfkings.com colleagues who will offer to “receive” lost money, of course for a fee.
Since Sellfkings does not operate in the official field and remains anonymous, they cannot be forced to respond under the current legislation in the Russian Federation. The organizers of the criminal firm are carefully hiding and in the best case, the police will be able to figure out one of the "employees".
Is it worth it to work with Sellfkings?
Only if you plan to transfer finances to scammers, then give them to charity.
Let's briefly voice the evidence that Sellfkings are scammers:
- Lack of official registration;
- No demo period;
- There is no information about the owners of the organization;
- Phone number found in fraudulent transactions;
- Negative balance;
- Credit ratio greater than 1 to 50;
- Bad reviews;
- False information on the website.
Detailed review of Sellfkings - completed. Clearly the Sellfkings are criminals.