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Unscrupulous swindler Сartel Finance: a story of a massive fraud

Does anybody want to waste their money in a con game? Welcome to Сartel Finance! No offense, we just want to warn people. The company under discussion is surprisingly cynical and unscrupulously audacious – these are the most suitable words to describe this swindler. The motto of Сartel Finance could be something like “a massive fraud brings massive profits”. Indeed, this broker cheated its clients of hefty sums.

I can’t get my money back from cartelfinance. The balance is USD 3,996.92. I transferred money from visa credit card on the company’s website. I passed verification. Nonetheless, the status of my withdrawal request is always in progress What can I do?

At first glance, Сartel Finance may seem to be a decent broker with beneficial conditions. It claims to have a team of professional analysts, a wide range of trading instruments, and momentous withdrawals of funds. According to its website, only professionals are engaged in projects who can help to earn big money. The aim of these tricksters is to persuade clients that they deal with a trustworthy broker.

The so-called professionals are Anna Simonenko, Sergey Martynov, and Anastasiya Roman. In facts, they are fictive characters. The broker offers three account types that are called tariffs for some reason. Such a metaphor is unlikely to be a coincidence. By the way, the minimum deposit is $150. This sum is smaller than required by other brokers including fraudsters but larger than needed to join a pseudo-investment project.

In fact, Сartel Finance has nothing to do with financial markets. It is nothing else but a cheater. It is the simplest Ponzi scheme trying to create an image of a reputable broker. The website is nothing special, seemingly cheap. Why spend too much on such a shallow project? All its legal information is a legal address in Slovakia that is used by other swindlers according to search engine results.

So, here we have a fake address and a feedback form. It is possible to contact the company only by email. Is it the way big companies usually communicate with their clients?

Fraud schemes of Сartel Finance

The most incredulous scam by Cartel Finance is its assistance in the withdrawing of funds that were seized by other scammers. That is a classic fraud scheme intended for taking money from people who had already been fooled. As a rule, fraudsters ring around clients of other dishonest brokers.

Let us suppose that trader John loses $2,000 with a broker A. After some time, managers of a broker B call him and offer help in getting his money back. The only condition is that John should deposit the broker B’s trading account with just $200. Consequently, John loses another $200.

But that is not all. Cartel Finance has developed another method of cheating its clients out of their money by helping them to open losing deals. Moreover, clients of Cartel Finance should pay fictive bank commissions and charges.

The result of cooperation with this broker is obvious – the loss of money. It is hardly possible to get the investments back or withdraw them.

Tatyana writes:
I’m lost for words… This company is nothing but a scammer. You can’t believe any single word they say. They have bled me dry! I lost 150,000. They have no moral principles!

A manager of this broker helped me to lose all my deals. I have nothing to withdraw. I lost $5,500 in total. It’s bitter to realize that I’m a goof.

That is a robber’s cartel! The name of the company is self-explaining. I can’t withdraw my money. The support service does not respond while my managing trader persuades me to deposit more. It seems I won’t get my money back.

I can tell from my own experience, this broker is a scam! Cooperation with it cost me $500. I decided to withdraw my money after a short period of trading, but I was unable to do it. CARTELFINANCE IS A SCAM!

Conclusion. Choose a broker with the utmost care, so you won’t suffer from your light-mindedness. If you don’t want to lose your money, you’d better always ask for the detailed information about a broker and check the credibility of the data on its website. Optionally, you can ask a financial regulator that supervises the activity of the broker to provide you with a copy of the license certificate. This way, you can compare the official data with the information on the broker’s website.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Author: Chassa | Tanggal 2021-12-15
My initial capital at Cartel Finance was $100. My trading activities went well at first. Then, a representative kept convincing me to top up my account for higher profits. I politely declined because I still cannot afford to invest more. But after that, my platform became shaky and trades were made automatically without my permission until I lost all the money I had on my account.
Author: Rapart | Tanggal 2021-11-29
Well, there is nothing I could do anymore since I already lost my money and it is impossible to get it back from Cartel Finance. You guys should already learn from the mistakes of those who have been defrauded. Don't risk it with a broker with no license because you will only end up losing your money.
Author: Senai | Tanggal 2021-11-23
The company offered assistance from an account manager. I accepted it because I was not making any progress. However, instead of helping me, the manager only opened trades aggressively and closed them all at losing positions. After that, my account was suspended. Then, I never had access to it again.
Author: Dina | Tanggal 2021-11-16
An account manager took over my account right after opening it. She already made a lot of trading activities which all resulted to losses. Naturally, I complained. But the company never did anything about it. When I asked for a refund, the broker blocked me.
Author: Soora | Tanggal 2021-11-11
The real problem with Cartel Finance is that it is a fraud broker that never planned to release its clients' funds. That is why the complaint of the clients is the non-issuance of funds. I just wish I never engaged with this broker. I lost $2000 on this.
Author dari unscrupulous_swindler_cartel_finance: Shinne | Tanggal 2021-12-09
None of us saw it coming. Cartel appeared to be trustworthy. There was no way we could know that it was only a fraud until we try to take our money out. Eventually, the broker disappeared and the truth came out. But many investors have already lost their funds.
Author: Kjelle | Tanggal 2021-11-04
After opening an account and depositing money to Cartel Finance, the first thing that my account manager told me was if I was interested in adding more funds. I was a little taken aback because I was not even starting my trading activities yet. I said that I won't be adding more funds yet and the next I know, I lost my account.
Author: Alice | Tanggal 2021-10-25
I had an account at Cartel Finance for almost a year. I was having a normal trading experience and I never noticed anything odd about the broker . However, when I made my first withdrawal request, it was denied. After that, all of my trading activities had negative results and when I refused to replenish my account, the broker closed it without paying me anything.
Author: Pilacho | Tanggal 2021-10-05
From now on, I will never deal with any company with no license. This is the mistake that I made when I opened an account at Cartel Finance. I was too focused on the lucrative offers that although I knew that company was not regulated, I still took the risk. Now, I can never get the $1000 funds I deposited to this fraudster.
Author dari unscrupulous_swindler_cartel_finance: Patrik | Tanggal 2021-10-20
That's right. Take caution for your own sake. We don't want these fraudsters flourishing through our investments. Let us become more skeptical about any company even when they appear reputable.
Author: Ranran | Tanggal 2021-09-29
My father was deceived by Cartel Finance. He invested a huge amount on this broker because of some random guy online who claimed to have an amazing experience with the broker. My father's desire to earn extra money led him to getting involved with the broker but sadly, it only resulted to more losses.
Author: Sukma | Tanggal 2021-09-20
Back when I was still trading at Cartel Finance, there was time when I was not able to access my account for more than a month. Then when I got my access back, my account balance was already 0. The company said that it was probably due to inactivity and I told them that it was their fault I couldn't access my account. But still, they did not take responsibility for it.
Author dari unscrupulous_swindler_cartel_finance: Janna | Tanggal 2021-10-12
They do it so casually that you would think twice about getting mad at them. They make it look like they have no fault at all in whatever losses you have incurred even when you did not have a losing position. This broker was manipulative and a thief.
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