Sellfkings: how not to lose all attachments. SCAMMERS!
The online broker Sellfkings, which operates in the Russian Federation, is considered a scammer with unclean fame.
When we get to the official website of Sellfkings - Sellfkings.com, we will read that this company offers intermediary services for Forex operations in the Russian Federation. In addition, Sellfkings provides services for trading activities.
We analyzed the official website of Sellfkings, got acquainted with the working conditions, made a trip to get demo access to services, studied the existence of papers, the region of registration of the company.
With the help of this information, we will find out: Sellfkings - a divorce or not?
In addition, we will tell you how not to get into the networks of scammers, about their methods of operations. We will tell you all the necessary information in order to keep your investments safe.
Sellfkings is located in an offshore country
The first call that indicates that Sellfkings.com are criminals is the country of registration. The organization is documented in the Marshall Islands, which is already doubtful, since Sellfkings.com operates in the Russian Federation. Offshore countries are popular with scammers due to the absence of the need to comply with the law and control.
In addition, this country does not have rights to trade in the Forex financial market.
In addition, when our experts tried to find the real address, information about the owners and management of Sellfkings, they could not find anything.
This demonstrates that Sellfkings is a criminal broker, cooperation with which can result in significant financial losses.
Could not find Sellfkings.com management information
Having studied the official site, we have not been able to identify the truthful information about the directors of Sellfkings.com. No physical address, no phone numbers or other methods to get in touch.
We think that this means that the real directors are trying to hide data about themselves in order to hide from punishment for their actions. And even if you manage to catch one of the employees of Sellfkings, then everything will end with this, and the real leaders of the criminal company will remain free with the money.
Sellfkings, website - Sellfkings, is less than thirty days old
The Sellfkings.com website speaks of significant forex trading experience.
The most common way to explore any official site is to get information about the domain name. Most often, they indicate the age of the domain name, data for the owner's connection.
In a specific case, the Sellfkings.com domain is valid for less than 30 days, and all information about the legal entity or individual that owns it is classified. Another evidence that the organizers of Sellfkings are trying to preserve anonymity.
This desire can be accepted, but not when it comes to a financial institution acting as an intermediary between the client and the Forex market.
In addition to this, Sellfkings assure their potential users that they have been successfully working in Forex for many years.
Sellfkings does not have a demo period
It is normal practice for brokers to provide traders with a demo version of the programs so that they can familiarize themselves with the interface, test their skills in trading on the Forex market with virtual money.
Unfortunately, on the Sellfkings website, we did not find information about the demo period, the opportunity to try out the software.
We think that the owners of the Sellfkings.com organization most likely do not plan to provide users with demo access to a paid service, as someone may begin to suspect fraud.
Broker Sellfkings.com operates with a negative account
Legal firms that operate in Forex do not use a negative account in their work. In accordance with the laws, the client of an Internet broker is not able to spend more than what is currently in the account. In those rare cases when the balance goes negative, it is not the trader who is obliged to repay the debt, but the organization that provided the services.
Because of this, honest Internet brokers do not use a negative account in their activities.
Nevertheless, Sellfkings provides its users with work with a negative balance, that is, on credit.
What is it for?
In order to drive the client into debt and start demanding payment of the debt. This is one of the most popular scams used by criminals.
If this has already happened, you need to know that criminals have no way to get investments under the laws of the Russian Federation. Any methods of influencing users are considered illegal. The most that scammers are able to do is to disturb with calls, send messages with threats.
It is impossible to cooperate with Sellfkings, as attempts to negotiate will turn into new losses.
Sellfkings operate with a credit ratio of one to four hundred or more
At this point, it's obvious that the Sellfkings are criminals. And yet, let's pay attention to one nuance, namely the existence of an extremely high leverage.
The credit ratio is the ratio of money of clients and online brokers when making a trading operation. This makes it possible to carry out significant trade transactions for clients who do not have access to the corresponding money.
In order to protect users of the Forex market, in developed countries, the current legislation requires the use of a credit ratio with a maximum ratio of 1 to thirty, sometimes 50.
At the same time, Sellfkings uses a credit ratio of 1 to 400 for operations on the Forex market.
This attitude is legalized in Switzerland, since companies registered in this country enjoy great confidence. However, Sellfkings is not registered in this country.
In fact, Sellfkings cannot conduct Forex transactions with such a credit ratio, due to the high risk for users. Actually, this is used solely to force the client not only to invest as much of his finances as possible, but also to drag him into debt.
Sellfkings Local Offices
It is considered prestigious for every financial company to have regional divisions in civilized countries, even if the work is carried out only on the territory of the Russian Federation. Therefore, Sellfkings informs that in addition to an impressive number of awards, there are local divisions in Britain, Australia and other civilized countries, and also about many experienced specialists.
Checking the presence of these units is elementary. Since profile structures are known that regulate the actions of online brokers. In the UK it's FCA, in Australia it's ASIC.
Because of this, an official company must have official documents from these or other structures that confirm their right to provide services for making money on the Forex market, determine the degree of responsibility.
However, having studied specialized websites, our staff could not find them. Which once again confirms the fears.
Registration on Sellfkings.com requires the transfer of personal data
As we mentioned earlier, Sellfkings does not have a trial period and because of this, in order to gain access, you must immediately pay the minimum payment to the bandits of Sellfkings. In addition, access to the Sellfkings.com personal account is possible only upon successful completion of identity verification.
This means that Sellfkings requires customers to provide information such as:
- • Information about an individual;
- • Data on the permanent place of residence (receipt for utilities);
- • Information about qualifications, length of service, place of work.
In addition, during the initial transfer, the bandits are able to access bank account information.
As a result, this information may enable criminals to obtain a loan for a deceived trader, or to carry out other criminal acts.
Since you need to send your personal data to register on the Sellfkings.com website, our experts did not get access to the Sellfkings personal account and services for trading in the Forex financial market.
Reviews about Sellfkings
An extremely important step in exposing Sellfkings is the analysis of user reviews.
A detailed study of the issue in search engines gave the following data:
- • Most mentions and reviews of Sellfkings online are fake. These are template positive reviews of a customized nature;
- • All real references to Sellfkings are negative. Our staff has not been able to identify truthful references and comments from former Sellfkings.com clients that mention decent income, successful trading.
- • Negative reviews and comments are associated with criminal acts, theft of funds, artificial creation of debt.
Because of this, Sellfkings reviews say that this online broker is a criminal.
Sellfkings contact details and documents
While researching the data on Sellfkings.com, we found a lot of dubious digital documents that can be easily done with a graphics editor. They are not confirmed by official firms, which means they cannot be trusted.
If an online broker is not associated with regulatory organizations, then users 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 internet 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 an online Forex broker? Make sure you can take money from him.
Studying the client agreement on the official website of Sellfkings, our experts did not reveal specific information about the ways to withdraw earnings. Our experts also identified a description of penalties for prolonged inactivity of the account, while there was no data on their size. Since swindlers do not operate in the official field, it is impossible to protest these fines.
Because of this, even if the trader has finished working with Sellfkings, they can call and write letters demanding to pay a fine.
How does Sellfkings work?
The way Sellfkings uses to find new customers is also alarming.
For promotion, fake social media accounts are used, in which fake users spread information about how they quickly managed to get income by trading on the Forex market with Sellfkings. Non-existent people show expensive cars and clothes, travel to resorts and other manifestations of a prosperous life.
Bots promise rapid earnings, for which you do not need to learn or put a lot of effort.
When a potential trader gets in touch with scammers, Sellfkings managers confirm the reality of a quick income, and also about some unique abilities of their software that will allow you to immediately withdraw a serious profit.
After that, various techniques are used, which make it possible to get the maximum investment from the client. For example, a client may be given a fake profit to motivate them to give more money.
When trading on the Forex financial market turns out to be unprofitable, a representative of the organization will offer to transfer more to close the minus.
Sellfkings employees work on algorithms that have been developed by qualified psychologists. Fraudsters analyze user data in order to put pressure on weak points, to pull out even more finances.
In any case, everything will lead to one of the results:
- • If you want to receive money before you are in the red, you will be charged fees, forbidden to use the money invested, and will do everything to force you to pay more;
- • If you allow criminals to drive the balance into a minus, there will be threats, criminals will begin to demand payment of a non-existent loan.
Another way to generate income for Sellfkings is to sell your personal information to interested organizations. Probably, after that, it is possible to buy complete information about you for a small amount on some anonymous telegram channel on the dark web.
Most likely, after that you will be spammed by all sorts of scammers, sellers, etc. In addition, it is worth waiting for letters from Sellfkings accomplices, who will begin to offer a “return” of lost finances, of course, for a chest.
Since Sellfkings does not operate in a regulated field and remains incognito, they cannot be forced to comply with current laws in Russia. The heads of the criminal company skillfully hide themselves and, at best, law enforcement agencies will be able to capture one of the "administrators".
Should Sellfkings be trusted?
If you are going to give money to scammers, then transfer it to a good cause.
In short, we will voice the evidence saying that Sellfkings are scammers:
- • No official registration;
- • No trial period;
- • There is no information about the owners of the organization;
- • The phone was found in illegal fraud;
- • Negative score;
- • Credit ratio over 1 to 50;
- • Negative reviews;
- • False data on the website.
Complete Sellfkings Review - Completed. It is clear that Sellfkings are scammers.