Read our Cortex Trade review to see if we recommend this broker for trading. Just to clear doubts, this is a cortextrade.co review.
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 this kind of websites are notoriously famous for scamming schemes.
So Cortex Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
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 withdrawing 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 in 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 a 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 they refuse 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 relation 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. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
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 from 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. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Cortex Trade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Cortex Trade Review Conclusions
Making the Cortex Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Cortex Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Hello,
I’m a victim of a scam from cortextrade company. Everything reported in these reviews is true. Don’t trust this company.
If call you a girl Wendy, don’t trust her you will loose your money
I am a victim of the cortextrade scam. I was talk into invisted 10k of my money in hoping that they promise to help secure my retirement. My advicer Adam Bell he is so good in talk to me and making sure I will get my money back in 2 to 3 months I take risk once in my lifetime. What a fool am I. 3 days ago I ask him I want to close my account and withdraw he ask me I have to pay him £40.000 because he had made more than £300.000.00 for me. I told him I have no more money. Then he ask how much can you pay I say nothing. He got so angry he shouting at me say he don’t care any more and put the phone down on me. Since then I check my account my money drop half and keep dropping. When I call him he does not answer my call. Can you help me get my refunds. English is my second language and Adam know I can’t do anything about in getting my money back.
I am a victim to a lady called Wendy who was pushing for me to invest £4000, however I only invest £150 and I asked if I could withdraw to test the authenticity of the business. She was so angry with me and cut the phone. She said she had waisted her time investing on my behalf and had no trust in her. since then she has stopped answering my calls
Hello,
I am from Spain.
I entered in cortextrade in December and my broker is Javier Conde.
He is a very kind man. Today he told me about invest more money but I am now reading these comments and I think it won’T be a good idea.
Do you know him? Can you help me?
uenos días,
En diciembre me contactaron por teléfono para entrar a la web de coretrading y meter 500euros. Una chica llamada Paola.
Posteriormente, cuando ya tenía ese dinero en la cuenta me contactó un bróker llamado Javier Conde, un chico muy amable que me llama todos los días para preguntarme que tal, etc.
Hace poco metí 10.000euros puesto que me ha indicado que dentro de poco habrá un Split de Google y que podremos ganar dinero gracias a ese Split.
El es quien maneja la cuenta y quien invierte… yo lo veo a través de http://www.cortextrade.cc
He visto algunos comentarios de cortextrade. Unos hablan bien y otros mal. ¿podeis ayudarme por favor? ¿Puedo tener ahí mi dinero o es mejor que lo saque cuanto antes?
gracias
Hello,
my bróker is called Javier Conde.
I have invested 10.000 euros in cortextrade and I do not know if this was a Good idea.
is cortextrade regulated?
can you help me, please?
I made the first steps with them so I made the error to talk with them but after I made some research on the company I’ve changed my mind but now they are calling me 3 or 4 times a day. Every time it is a different incoming phone number…
What can I do to make them stop?
Cortex trade are major scammers who take people for a ride.
Wendy Kelsey if that’s her name is very wreck less and will take all your hard earn money plus put you in debt without batting an eye lid.
The company is all fake and will ruin your life.
ES UNA ESTAFA, CAMBIAN CADA POCO TIEMPO DE DOMINO (.co ; .cc ) o INCLUSO DE
NOMBRE DE PAGINA WEB. AHORA ES ctfx.trade
EL TELEFONO QUE USAN SOLO PERMITE LLAMADAS SALIENTES, CUANDO DEJEN DE
LLAMARTE, NUNCA PODRAS PONERTE EN CONTACTO CON ELLOS.
ES UN BROKER NO REGULADO. NO TIENEN NINGUNA REGULACION. SI SOLICITAS
QUE TE MANDEN SU REGULACION TE REDIGIRAN A UNA WEB DEL GOVIERNO DE UK
(.gov.uk) QUE PERTENECE A OTRA EMPRESA. SOLO QUIEREN QUE INVIERTAS TU
DINERO (CUANTO MAS MEJOR ) Y LO USAN PARA COMPRAR CRIPTOMONEDAS.
EL WEBTRADER QUE VES ES SOLO UNA DEMO… NO ES TU DINERO REAL.
CUANDO SOLICITAS LA DEVOLUCION DE TU DINERO, DEJAN DE LLAMARTE Y NUNCA
MAS SABES DE ELLOS NI DE TU DINERO.
NO CAIGAIS EN LA ESTAFA COMO ME ESTAFARON A MI, POR FAVOR!!!!
Jean Claude
Attenzione è una truffa SCAM !!
quello che dice Monica sebastian è vero. Cambiano il dominio e il nome della pagina per non essere individuati!
Le telefonate non arrivano dalla svizzera (il “consulente ” dice di essere da Zurigo) ma da altri numeri esteri che fanno da ponte.
Operano in Bitcoin che si devono spedire in un loro wallet e non riuscite a farveli ritornare
Hanno tanti nomi:
– Andreas Vogel
– Adam Bell
– Angelica Gomez
– Javier Conde
– Peter Philipp
– Wendy Kelsey
Hello Claudio,
you are right. They are scammers.
Other names they use:
– Paola
– Javier Conde
– Jeff Horowitz
Quello è Claudio. Sono truffatori. Pensi che possiamo metterci in contatto?
monica.cortes.sebastian
AT = @
gmail
I have this guy on recording where he changed his name mid conversation, …. I let him waffle on, and on, and on, and on, …… before he realised I wasn’t interested. The guy calls from a spoofed number and sounds almost latvian / russian / ukranian
Russel Kirk or Brian Schnieder are the names he used … i’m about to process the video and drop it on my anti scam page on facebook.
exposingfalseadverts on facebook
JAVIER CONDE
CAMILLA COHLIN
JEFF HOROWITZ
I have been in contact with these three people.
Of course they are using names that are not theirs.
Do not trust on them. They will scam you.
I invested with Cortex trade, I was contacted by Adam Bell. Initially I deposited $250 when it made $360 Adam Bell helped me to withdraw it all so I deposited a further £30,000, stupidly! When I wanted to withdraw £20,000 he said no problem in fact withdraw all the money which was £300,000, that’s when it started. They wanted extra money to prove it was not money laundering which I paid then more money to pay tax and when I said I wouldn’t pay anymore all contact stopped.
The people I dealt with were
Adam Bell
Jack Wilson
Jeff Horowitz
Do not trust this company or these people, they are very good at gaining your trust and will have the answer for bad reviews.
Dears
you are right other name is
Henry Loher
He said that call from Zurigo but maybe he’s Albanian. They change every time domain and when i asked to a partial withdraw of my portfolio they disappeared