Corpteck Review – Pretentious Fraud Exposed

Sometimes, especially if you’re a Forex newcomer, it’s hard to tell the difference between a reputable platform and a fraudulent online trading firm. 

These charlatans claim to be the best choice in the trading industry for many years in a row. In addition, they don’t refrain from lying about their online reputation and regulations, as well.

Not everyone is easily deceived, however, and several authorities have already publicly exposed them for scam. Read the entirety of this Corpteck review to learn how the swindlers operate and how to protect yourself.

Lies Debunked

The Corpteck scam wants to impress you with their claims about being so long on the markets that they’ve established a user base that consists of millions of daily traders. Allegedly operating out of Switzerland, it is a little strange for such a conduct to be under the exclusive jurisdiction of Estonian courts, as legal papers clarify. 

What is certain is that the firm is not regulated by FINMA, or any other regulatory authority, including the premium ones like FCA, CySEC, CNMV and ASIC. In reality, this fraudulent platform is actually blacklisted by CBR (Russia) and LB (Lithuania).

This one, and other blacklisted entities like Axaforex will surely not provide segregation of funds, compensation options or risk-reducing measures, so better stay away.

Boiler Rooms Explained

There are several different methods by which fraudulent companies reach their marks. This particular fraud operates a scam call center, much like the one behind the X-F24 scam.

The website itself serves as a framework through which the cash may flow into the fraudsters’ pockets. It was launched in December 2023, targeting people from these nations:

• Germany
• Lithuania
• Estonia
• Netherlands

Boiler room agents are the ones doing the calling. Usually, they claim to be experts from an industry leading firm, and that they seek investors for once in a lifetime opportunity.

Agents pressure the victims into making an emotional decision, rather than a rational one. After the first deposit is made, they will keep coming back seeking more money for one reason or another. Recovering the money becomes more difficult by the day, so contact our experts as soon as possible.

Known Fraudulent Platform

The web is packed to the brim with various Corpteck reviews posted as online warnings, very little of this information comes directly from the users. Currently, there is only a single comment on the Reviews.io platform, but it doesn’t go in much depth.

In contrast, there is a full blown Corpteck Reddit discussion, where people have come together to share their experiences. It shows just how adaptive these tricksters can be, with one Redditor being deceived out of tens of thousands of US dollars.

Numerous Fees Unrevealed

By creating a Corpteck login and becoming a client, you agree to legal conditions the broker enforces. Some of these are accepting to pay all handling fees, payout taxes, dormant account charges, processing fees and other costs. None of these are revealed, except for the inactivity fee of 10% charged monthly after 6 months of not trading on a particular account.

Another aspect kept in secret are trading conditions and commissions. For example, leverage remains unknown, as do spreads and other trading costs. Transparency, or the lack of it, is always a red flag.

Is the Risk Justified?

If this broker was actually a regulated Forex provider with a genuine approach and fair trading ecosystem, we’d definitely encourage you to go ahead and invest. 

However, this platform is nothing but a bogus trading environment built in a way that will rob you of your last penny. Therefore, please be wise and do not agree to anything they promise and sell for an unreasonable price.

Mysterious Software

Heavy advertising of the Corpteck app will surely have you believe it is some sort of a technological wonder in the form of a web trading portal. As soon as you access it, however, all you will find is disappointment and failure. 

This rudimentary software doesn’t feature a single progressive tool or option to support you in making educated decisions on the market. It is just another manipulated web platform that takes central place in the scam process.

Markets Traded

Looking at the trading instruments available inside the Corpteck platform, we couldn’t find anything particularly interesting. There are just a several standard asset groups:

• Forex – EUR/CHF, EUR/USD, EUR/NZD
• Commodities – Sugar, Corn, Cotton
• Crypto – ETH, LTC, BCH
• Indices – Nasdaq, Nikkei, FTSE
• Metals – Gold, Silver, Platinum
• Stocks – 3M, Caterpillar, Mercedes Benz

Tiered Accounts Betray the Scheme

The con scheme uses so-called tiered accounts, where the pricier Corpteck account allegedly includes more features like auto trading. In reality there is no trading, and all these do is justify further expenses.

Have a look at these price ranges:

• Solo – 250€
• Trial Premium – 1,000€
• Premium – 3,000€
• Ultra – 10,000€
• Black – On demand

Peculiar Withdrawal Terms

The deposit and withdrawal policy on this site doesn’t explain the most crucial elements of the funding and payout process. There are several suspicious statements about the company charging various fees and imposing a trading volume requirement on account accepting bonuses. 

This stands as a single statement hidden among blocks of useless text to conceal the true circumstances. Plus, the website doesn’t even mention bonuses anywhere else. 

The only payment method available seems to be credit cards, while the processing time is usually between 2 and 5 business days, but that remains unconfirmed, as well.

Non-existent Help Desk

Unfortunately, we couldn’t contact the customer service. The available channels for electronic communication, phone and email, simply do not work. This is all by design.

It allows the company agents to contact the victims any time they like, but the communication is one-way only. The swindlers don’t have time to deal with Corpteck complaints after all – they have new marks to hustle.

We Can Help You Get Your Money Back

This would-be forex broker is a confirmed online fraud. We strongly advise against investing any money with this trading platform.

If you have already deposited funds, stop sending any more money and book a consultation with our legal experts. Let us work together at recovering your stolen cash – we are available 24/7 for your convenience.

FAQ Section