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Comments (2)

desmond
6d ago

I'm so grateful to have found www.digitalcyberforensics.org when I was scammed by this fraudulent broker. They provided me with the support and resources I needed to recover my lost funds, and they did it quickly and efficiently. The customer service was top-notch, and they gave me the assurance that my money was in safe hands. If you ever find yourself in a similar situation, I highly recommend reaching out to www.digitalcyberforensics.org as they are trustworthy and reliable partners.

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sophia marquez
sophia marquez
Sep 22

I have been a scammed victim of a fake crypto investment site called (Tezos market). This fake crypto investment site scammed me 3 good times because they claimed they will help me in Crypto Trading and in Forex Trading too but I never knew all was a deadly lie coming from this fake crypto investment site called Tezos market . You won’t belive that This Fake crypto investment site Called Tezos Market scammed me 2 million dollars ($2,000,000), they deceived me to the extent  that I sold my two houses in Germany and also took a loan from the bank  just to pay this deadly scammers.  I felt less of a human and very frustrated when I found out that I have been scammed… I nearly Committed succide because I couldn’t bear my condition then but God so kind I went online and found a review on a site called sitejabber. Someone posted a review on this site called sitejabber on how she recovered her Crypto scammed funds back completely through the help of a recovery company, so i contacted the recovery company that helped her recovered her funds and to my greatest surprised the company gave me a feedback requesting for the details of this fake investment crypto site that scammed me and I provided the company with the whole details of this fake crypto investment site that scammed me. A day after the recover company demands I should pay $20,000 for a TPM upgrade charge  which will enable them track down my lost funds with this scammers and recover my funds from them and the recovery company told me that the bigger your lost funds the bigger the charge for TPM upgrade and vice versa, so I was thinking this recovery company wants to scam me too but I had faith and took the risk and paid the recovery company the $20,000 for the TPM upgrade charge... To my greatest  shock I received my 2 million dollars lost funds which was scammed from me by this fake investment site called Tezos market . I was very shocked and still shocked till date that this recovery company recovered my lost funds and I’m taking my time explaining this because I know it is extremly frustrating to be scammed and I belive I can help scammed victims out there  with the help of this recovery company that saved my life.  If your a crypto scammed victim do well to contact this credible recovery company that recovered  my 2 million dollars scammed funds and that saved my life from committing succide via the company’s email Address { paybackrecoveryltd @ hotmail .



com }


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Updated on January 2, 2024

Quick Links


Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Chrono FM due to the issues we've identified.


Is Chrono FM Scam or Legit Broker? ▲

Trading with Chrono FM is not recommended and is considered unsafe. The entity is based in Bulgaria and should therefore possess a license from the local authority to legally offer financial services. Contrary to this expectation, Chrono FM is an offshore company registered in St. Vincent and the Grenadines. It's important to note that St. Vincent and the Grenadines is recognized as an offshore zone. While it does register financial investment firms, it imposes minimal, if any, operational requirements.


Safety of Funds

  • Regulatory Status: Chrono FM is not safe for trading activities. Although it claims to be registered in St. Vincent and the Grenadines, it lacks proper licensing to ensure the security of traders' funds. This absence of regulation raises significant doubts about its credibility and operational standards.

  • Recommended Licenses: For a trading platform to be considered safe and reliable, it should hold licenses from reputable regulatory bodies such as the FCA in the UK or ASIC in Australia. These licenses ensure adherence to strict financial standards and practices, safeguarding traders' interests.


  • Warnings and Alerts

  • Regulatory Warnings: Chrono FM has attracted negative attention from financial regulatory bodies. For instance, in May 2018, CONSOB in Italy issued a warning against the firm. The warning highlighted unauthorized investment services offered to the Italian public by Chrono FM, emphasizing the lack of registration and authorization of the involved companies.


What is Chrono FM? ▲

Chrono FM is a trading platform operated by Sanata Group Eood and Pentacle Group Ltd. It boasts of providing a world-class trading experience across over 160 countries, with a portfolio that includes approximately 175 trading products like currencies, CFDs, commodities, indices, and stocks. Despite claiming a presence in Sofia, Bulgaria, and owning a company in the offshore zone of St. Vincent and the Grenadines, Chrono FM lacks transparency and responsiveness regarding its regulation or authorization status.


Products and Services

  • Offerings: The platform claims to offer a broad array of trading products, spanning over currencies, CFDs, commodities, indices, and stocks. This wide range of offerings is intended to cater to diverse trading preferences and strategies.

  • Operational Concerns: The lack of clarity on its regulatory status coupled with its operations from an offshore zone raises substantial concerns. The claims of a global presence and extensive product range do not mitigate the risks associated with trading with an unregulated broker.


Conclusion ▲

Our comprehensive evaluation of Chrono FM strongly advises against engaging with this broker. The paramount importance of funds' safety in trading cannot be overstated, and only entities that adhere to the protective measures and controls enforced by industry authorities should be trusted. Chrono FM's lack of proper regulation, combined with warnings from regulatory bodies, underscores the high-risk nature of trading with this platform. It is imperative for traders to prioritize safety by choosing to trade with brokers that are well-regulated by reputable regulatory bodies such as those in the UK or Australia. For those seeking reliable trading environments, brokers like AvaTrade and XM.com are commendable alternatives that offer both security and a robust trading experience.


When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.

Chrono FM

IG

Swissquote

Ranking

Is it safe?

Advantages

None

No

Low Fees

Yes

⭐⭐⭐⭐⭐

Education

Yes

⭐⭐⭐⭐⭐

Compare Chrono FM with its peers

Chrono FM

IG

Swissquote

Ranking

Is it safe?

Advantages

None

No

Low Fees

Yes

⭐⭐⭐⭐⭐

Education

Yes

⭐⭐⭐⭐⭐

Compare Chrono FM with its peers

Chrono FM
Blank Image

In a Snapshot

Name: Chrono FM

Website: www.chronofm.com

Reason to avoid: No License

Date: December 19, 2018

⚠️Caution: Chrono FM operates as an unregulated broker, making it UNSAFE for trading activities.⚠️

Chrono FM Review 2024

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