Sellfkings are scammers. Don't trust them!
14 / 03 / 22
Visitors: 476
The Sellfkings online broker operating in the Russian Federation is a criminal with an unclean reputation.
When we go to the official website of Sellfkings - Sellfkings.com, we will read that the organization under study offers Forex brokerage services in the territory of the Russian Federation. Sellfkings also provides services for financial transactions.
Our employees analyzed the Sellfkings website, got acquainted with the terms of action, tried to get demo access to the services, studied the availability of official documents, the region of the company's registration.
With the help of this data, we will figure out: Is Sellfkings a scam or not?
In addition, we will tell you how not to fall for the bait of deceivers, about their work algorithms. We will tell you the information you need to keep your money safe.
Sellfkings is based in an offshore country
The main call, saying that Sellfkings are scammers, is the region of residence. According to the documents, the company is registered in the Marshall Islands, which is already suspicious, since Sellfkings operates on the territory of the Russian Federation. Offshore states attract the attention of swindlers due to the lack of the need to comply with the law and the executive branch.
In addition, this state does not have the rights to trade on Forex.
In addition, when our employees tried to find the legal address, data on the owners and directors of Sellfkings, they could not find anything.
This already shows that Sellfkings.com is a criminal broker, cooperation with which can result in serious financial losses.
Sellfkings.com organizers not found
After analyzing the website, we could not find reliable information about the owners of Sellfkings. No physical or legal address, no telephone or other methods of contact.
Basically, this means that the actual directors are trying to hide their identities in order to elude accountability for their actions. And even if you manage to find one of the Sellfkings employees, then everything will end there, and the real directors of the criminal organization will remain at large.
Sellfkings, official website - Sellfkings.com, works less than thirty days
The official website of Sellfkings.com speaks of serious experience in the Forex market.
The main method of checking any website is to obtain information about the domain name. Usually, they contain the age of the domain name, information for contacting its owner.
In our case, the Sellfkings.com domain name exists for less than one month, and the details of the legal entity that owns it are hidden. Yet another proof that the director of Sellfkings is trying to remain incognito.
This desire can be supported, but not when it comes to a company acting as an intermediary between the user and the Forex market.
In addition to this, Sellfkings assure their potential users that they have been trading effectively in the Forex market for quite a long time.
Sellfkings.com does not have a demo period
It is a common practice for online brokers to provide clients with a test version of their services so that they can familiarize themselves with the interface and test their skills in playing Forex with fake money.
Unfortunately, on the Sellfkings website, we did not find any mention of a demo period, an opportunity to try the programs.
We assume that the directors of the Sellfkings organization simply do not plan to give users trial access to the software, since someone is able to suspect something is amiss.
Online Broker Sellfkings Operates With a Negative Balance
Legal companies that trade on the Forex market do not use a negative balance in their work. In accordance with the laws, a broker's trader is not able to spend more now is on his balance sheet. In those rare situations when the account still goes into negative territory, it is not the trader who is obliged to pay off his debts, but the company that offered its services.
Because of this, legal online brokers do not use a negative account in their activities.
However, Sellfkings provides clients with Forex operations with a negative balance, that is, in debt.
What is it for?
In order to drive the user into debt and pay off the debt. This is one of the most common methods of deception used by scammers.
If this has already happened, you need to know that scammers do not have the opportunity to recover money under the laws of the Russian Federation. All methods of influencing users are considered illegal. The most that bandits can do is call, send messages with demands.
You cannot work with Sellfkings, since all attempts to negotiate will turn into expenses.
Sellfkings operates with a leverage of one to four hundred or more
Already now, it becomes clear that Sellfkings are criminals. And yet, let's point out one more fact, namely the presence of excessively high leverage.
Leverage is the ratio of the finances of traders and online brokers when making a deal. It allows large trading operations for traders who do not have access to large funds.
In order to protect Forex users, in developed countries the laws require the use of leverage with the largest ratio of 1 to thirty, in rare cases 50.
At the same time, Sellfkings uses a leverage of one to four hundred to make money on the Forex market.
This ratio is legalized in Switzerland, as companies registered in this country enjoy high confidence. However, Sellfkings is not registered there.
In fact, Sellfkings are not authorized to trade Forex with this credit ratio due to the high risk to clients. Accordingly, this is used solely to force the trader to give away more personal money, but also to drive him into loans.
Local branches of Sellfkings
It is considered prestigious for a company to have local divisions in developed countries, even if the activity is carried out only in the Russian Federation. So Sellfkings talks about the fact that in addition to an impressive number of awards, there are local divisions in Britain, Australia and other developed regions, as well as a large number of experienced employees.
It is very easy to check the reality of these offices. Since there are specialized structures that control the work of brokers. In the UK it's FCA, in Australia it's ASIC.
Therefore, a law-abiding organization must have supporting documents from these or other organizations that will prove their right to provide Forex trading services, determine the level of responsibility.
However, after checking the industry official websites, we did not find them. Which once again reinforces the suspicions.
To register on Sellfkings.com, you must transfer personal data
As we reported earlier, Sellfkings does not have a demo period and therefore, in order to gain access, you must immediately pay the minimum payment to Sellfkings scammers. Also, creating a personal account of Sellfkings.com is possible only upon successful completion of identity verification.
This means that Sellfkings requires customers to provide information such as:
- Information about an individual (passport, etc.);
- Data on permanent residence (scans of utility bills);
- Information about qualifications, place of work, length of service.
In addition, during the initial payment, fraudsters are able to gain access to bank card data.
As a result, this data may allow bandits to hang a loan on a gullible trader, or carry out other illegal actions.
Since registration on the Sellfkings.com website requires the transfer of confidential information, our specialists were unable to access the Sellfkings personal account and Forex trading services.
Real reviews about Sellfkings
The most important point of exposing Sellfkings is the analysis of customer reviews.
Analysis of the results in search engines allowed us to obtain the following information:
- Most reviews and mentions of Sellfkings on the Internet are fake. These are template positive reviews and comments of a paid nature;
- All real reviews and comments about Sellfkings are negative. We have not been able to identify testimonials from former Sellfkings.com users that report decent earnings, efficient operations.
- Negative reviews and comments are related to illegal activities, theft of funds, artificial creation of credit.
Therefore, real reviews about Sellfkings say that this online broker is a criminal.
Sellfkings contact details and papers
After analyzing the information on Sellfkings.com, our experts have identified many dubious digital white papers that can be easily made using an image editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an Internet broker is not associated with regulatory companies, then its users simply have nowhere to turn for help.
On the "Contacts" page, we identified a phone number. It turned out that it had already been used by an illegal online 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 the Forex market online broker? Make sure that you can take away investments from him.
Having studied the client agreement on the Sellfkings website, our experts did not find specific information about the ways to withdraw earnings. Also, our experts found a mention of fees for a long period of inactivity of a personal account, but did not find information about their amounts. Since fraudsters do not operate in the official field, these fines cannot be canceled.
That is, if the user has completed work with Sellfkings, they can call and spam with the requirement to pay the fine.
How does Sellfkings operate?
The way Sellfkings uses to search for new users is also alarming.
For promotion, fake social media accounts are used, in which non-existent bloggers spread information about how they instantly managed to get rich by trading in the Forex market with the help of Sellfkings. The bots demonstrate expensive cars and clothes, holidays in resorts, and other manifestations of a prosperous life.
Bots promise a quick income for which you do not need to learn or put in a lot of effort.
If a potential trader gets in touch with criminals, Sellfkings managers report the possibility of instant profit, as well as some unique features of their services that will allow you to quickly withdraw a solid profit.
After that, all sorts of tricks go into work, making it possible to get as many deposits from the client as possible. For example, you may be given a small profit to inspire you to transfer even more deposits.
If work in the Forex financial market becomes unprofitable, a representative of the organization will offer to invest even more in order to compensate for the losses.
Sellfkings managers work according to guidelines that are created by qualified scammers. They analyze information about the trader in order to act on vulnerabilities and get even more investment.
One way or another, everything will lead to one of two endings:
- When you decide to take the money before you find yourself in the red, you will be charged fees, close the balance, and will do everything to force you to pay even more;
- When you give the gangsters the opportunity to drive the balance into debt, threats will fall, the criminals will begin to demand payment of a fake loan.
Another method to make a profit for Sellfkings can be the sale of your confidential information to third parties. We assume that, as a result, it will be possible to obtain complete information about you for a modest amount on some anonymous service on the dark web.
Most likely, after that, various criminals, managers, etc. will call you. In addition, it is worth waiting for messages from Sellfkings.com associates who will offer a "refund" of lost deposits, of course for a fee.
Since Sellfkings does not operate in the official field and keeps incognito, they cannot be forced to respond according to the current laws in Russia. The owners of the fraudulent company are carefully disguised and in the best case, the police will be able to capture one of the "administrators".
Can Sellfkings be trusted?
In no case!
If you are going to give money to criminals, then it is better to spend it on a good deed.
Let's briefly list the evidence that Sellfkings are bandits:
- No official registration;
- No trial period;
- There is no information about the owners of the organization;
- Phone number seen in fraudulent schemes;
- Negative score;
- Leverage over 1 to 50;
- Negative reviews;
- False information on the site.
Detailed review of Sellfkings - completed. Obviously Sellfkings are scammers.
A complete list of unscrupulous brokers, that we do not recommend working with is available here.
