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us-times · 2 years ago

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RENTALZI (Rentalzi.com Scam?)

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as these kinds of websites are notoriously famous for scamming schemes.

So Rentalzi is just another unregulated forex broker, which means the customers are not protected, and it is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.

In today’s forex market flooded with scam brokers, traders must tread every online financial trading company carefully. You must be particularly aware of shady brokerage firms like Rentalzi that are anonymous, do not hold any trading credentials, and provide poor services based on deception.

If you have come across the Sundell- fx broker, you will soon realize how fraudulent this company is. So, continue with our Rentalzi review for more information about this investment scam.

On top of that, we seriously recommend you not invest in the fake brokers BCH Advance, iToroStocks, and WiseFXPr. Do not trade with these unlicensed brokers if you want to save your money!

Broker status: Unregulated Broker Regulated by: Unlicensed Scam Brokerage Blacklisted as a Scam by: N/A Owned by: N/A Headquarters Country: Australia Foundation year: 2022 Supported Platforms: Web Trader Minimum Deposit: 2,500 USD Cryptocurrencies: Yes (Bitcoin, Litecoin, Ripple) Types of Assets: Cryptocurrencies, Forex Maximum Leverage: 1:100 Free Demo Account: No Accepts US clients: No

How does it work?

Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawal process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist on withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.

First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and refuses to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relationship with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step, you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that, you can prepare a letter or an email describing how you got deceived by them. Make sure you show this letter or email to them and tell them you will send it to the regulating agency if they don’t refund your money.

Is Rentalzi a Licensed Forex Broker?

Forex trading is a heavily controlled industry by financial regulatory agencies closely cooperating with governments and ensuring that every broker complies with relevant legislation.

When a phony broker like Rentalzi doesn’t state its headquarters or any information about the company’s registration, it is hard to determine its jurisdiction. This is done with the purpose to cover up the fact that it is an unlicensed and unregulated business.

The only info about Rentalzi available on its website is a telephone number, which is an Australian phone number according to the dialing code. That brings us to the assumption that this broker might be based in Australia, which is one of the most stringent jurisdictions.

If it is the case, it is impossible to be a legitimate broker without being authorized by the Australian financial authority, ASIC. Not unexpectedly, Rentalzi is not licensed under this or any other financial market regulatory agency.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Unlike unauthorized brokers, certified companies can be trusted with money since they adhere to a strict code of conduct – especially forex providers regulated by top-level supervisory bodies like the Australian ASIC, British FCA, and German BaFin. For example, ASIC’s eligibility conditions stipulate a broker maintain a minimum operating capital of 1M AUD and keep its and traders’ money separated (segregation of funds).

Additionally, traders of licensed brokers are protected by indemnification programs run by supervisory agencies. For example, ASIC covers traders with a 100,000 AUD indemnification in the event of a broker’s bankruptcy. On top of that, legitimate companies implement a range of risk management measures to mitigate trading risks, such as offering negative balance protection (a trader can lose more than deposited), cooperating with first-rate banks, providing reliable trading platforms, and ensuring propitious trading conditions.

So Rentalzi GLOBAL ICM a Decent Broker or a Scam?

Rentalzi is an anonymous and unregulated broker running online trading scams and cheating traders from the UK, Canada, Australia, the US, and Sweden.

What Trading Software Does Rentalzi Offer?

Speaking of the Rentalzi portal, a trading platform available here, it is a web trader with limited functionality. This unscrupulous broker claims that its web trader fits the needs of both beginners and experienced traders. However, we are dubious about that since it has generic functions that can’t ensure profitable trading.

As far as that is concerned, your best option is the latest trading programs – MetaTrader 4, MetaTrader 5, cTrader, and Sirix – providing advanced tools such as expert advisors, stop loss, fast execution, unlimited pending orders, copy trading, and more.

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us-times · 2 years ago

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Online scams, Consob has blocked 1.000 financial sites in less than 5 years: here are the most widespread frauds on the internet

Consob celebrates Christmas with a record achievement, but the chances of recovering the funds remain slim. The scheme of scams is always the same: tempting bait and empty promises

Consob ha overshadowed 1.000 financial sites in just under five years of activity. The goal was reached after the last "squeeze", with names as glamorous as Bitblanco, StormInvest, Cryptogo365, TCRinvest ed EuroXTradeFX who illegally offered financial services. Sore point: the possibility of recover your money are minimal, given that behind scam sites there are often fictitious companies with headquarters in tax havens.

Since July 2019, thanks to the "growth decree" (law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies) Consob has "magical powers" to block sites that offer financial services without authorization. Only 54 months later, the supervisory commission made the big announcement after blacking out the 5 new scam sites. But he warns: for technical reasons the actual darkening may take a few days.

The most common online scams

Lo scam scheme it's always the same: using tempting bait, such as fake testimonials or celebrity names, to convince people that the earnings are easy and amazing.

Most of the blocked sites proposed trading unauthorized on derivatives, stock market securities e cryptocurrency. Victims were lured with call centers and false promises of earnings. After paying the money, the scammer vanished into thin air. Some victims were then lured by debt collection agencies fictitious or by an alleged Consob, which promised to recover the losses, revealing a scam within the scam.

Lures also included investments safe in tech companies like Amazon, Tesla e Google. Sometimes, scammers use the Ponzi scheme (an evergreen), attracting new investors with promises of easy profits, until the system collapses. Many methods, one goal: to obtain revenues illegally.

Creativity in financial deception seems to know no limits, but the story remains the same: attractive promises that often turn out to be empty. A classic that never goes out of fashion in the world of scams.

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us-times · 5 years ago

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28 men arrested in week-long FBI human trafficking sting in south Reno

A weeklong human trafficking sting by the FBI has led to the arrest of 28 men at a south Reno home.

According to the FBI's Northern Nevada Child Exploitation and Human Trafficking Task Force, all 28 suspects arrived at a home in south Reno to "knowingly engage in, and pay for, sex acts with a minor as identified through the Human Exploitation and Trafficking Unit."

The FBI funded operation identified seven men on its first night, Monday, Oct. 5. Eight men were arrested on Tuesday, Oct. 6. Five were arrested on Wednesday, Oct. 7. Eight men were arrested on Thursday, Oct. 8.

All suspects were arrested on felony counts of soliciting a child for prostitution, and attempted child abuse. Some of the suspects are facing additional charges.

12 suspects have already posted bail.

Arrested in the weeklong sting:

Geoffrey Board – DOB 7/13/1975

Engaging In Solicitation for Prostitution of a Child