Kodimax.com Review Kodimax Broker is a Scam That Will Leave You in Tears

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Trading With Kodimax – How Good the Experience Will Be

If you have made up your mind about starting a trading career, you might as well spend some time researching the online broker. It is true that your personal trading skills matter a lot in making you money, but your broker is an important link within that as well. If your broker is not willing to offer you a flexible platform with flexible trading conditions, you will find it hard to make any money from trading. Kodimax has emerged as an amazing online broker with lots of conveniences offered to its traders around the world.

Let’s see how good your experience of trading will be with this broker.

Easy to Open an Account

The first thing you will have to appreciate about this broker is how easy it has made for you to open an account. When you are a new trader, you don’t want to put a lot of money in our account upfront. It could be because of security reasons or you just don’t want to take a big chance until you know the art first. When you sign up with Kodimax, you will be able to open your account with ease. All you have to do is deposit only 500 EUR in your account. Once you do that, you are good to go with your trading. When it comes to making the minimum deposit, you can deposit just 250 EUR.

Several Account Types

Another thing that matters to the traders is that they should have enough account types available. They can then pick an account that meets their specific requirements. You will not be disappointed by Kodimax in this area. You have six accounts to choose from with varying features and deposit options. If you go with the most basic account, you just have to deposit 500 EUR in your account to activate it. However, you have other account types like silver, gold, platinum, and diamond. With a millionaire club, you will have to deposit a minimum of 1,000,000+ EUR in order to access the features of this account.

Trade Forex and CFDs

You cannot sign up with an online broker unless you know what options you will have available for trading. You want to be able to access as many financial markets as possible to trade the assets that you find most secure. When you with Kodimax, you will find just about all the assets for trading that you want to. First, you can trade forex currency pairs from the Kodimax trading platform . In these currency pairs, you will find the most stable and the most frequently used currency pairs of the world. At the same time, you will be able to trade some of the rarest and most exotic currency pairs to make money fast if you profit on them.

In addition to that, you have access to CFDs from this same platform. When you trade CFDs, you don’t have to own the asset. You just have a contract that allows you to trade the asset and profit from its rising or falling prices. Within the CFDs, you can trade commodities, stocks, and indices. You will be able to access a variety of assets within these categories when you trade CFDs.

Trade Cryptocurrency

This is the hottest market right now for any trader in any part of the world. If you want to start your career in cryptocurrency trading, you need to find a broker that allows you to trade these digital coins. You will be surprised to know that some of the most known brokers on the internet are still keeping away from offering these digital assets. However, you can trade your favorite digital coins once you are on the Kodimax platform. Here, you can trade a variety of cryptocurrencies and benefit from their volatilities. Yes, the cryptocurrency market is volatile and you have to understand that volatility is not always bad.

Stable currency pairs or markets are best when you want to play safe. However, that’s not the aim of every trader in the world. If you want to make money fast on your trades, you want to make big profits. Big profits are only possible when you can ride the volatility waves that are common in only certain financial markets. As a matter of fact, there is no market that can beat the volatility of cryptocurrencies at the moment.

Trade on Web-Based Platform

You will have to make this choice when you choose an online broker for trading. You will have to choose which trading platform you want to start your trading career on. You have three specific options available to you. First, you have a desktop version of the software that allows you to access the financial market right from your personal computer. However, this particular software is not usable on your mobile device. To cope up with that problem, brokers usually offer you the mobile version of their trading platform. This version lets you trade on your mobile but this version does not work on your personal computer.

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The third option is the web-based trading platform. The web-based trading platform is not bound within these boundaries. You can trade from any device and operating system you want when you have the web trader. That’s the exact trading platform you will be getting from this broker. You can trade from anywhere you want and without worrying about the limitations, boundaries, and compatibility issues of the trading platform. It is free from all of those things.

When choosing a cryptocurrency broker , you will realize that the points mentioned above are the strongest basis of making your choice. There are other things as well but they don’t matter as much as the points stated above. When you consider these important points, you find out that Kodimax is one of the best online brokers out there. It offers you the flexibility of options and the best ones to choose from. As a trader, you should make a wise choice for the sake of a safe trading career and Kodimax is can definitely be a safe choice for you.

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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Clout Bucks is a Scam [Legit Review]

July 16, 2020 By // by John 12 Comments

Welcome to my Clout Bucks review.

Most people will tell you that this is legit even if this is a complete scam and I’m glad you did your research.

I’m sure you think or even feel that Cloutbucks.com is the real deal but I want to show you exactly why they aren’t.

I don’t care who claims that they’ve made money, do not believe a single thing they say.

Even if they have a screenshot.

I would like to sit here and explain every detail but reviews like this don’t require that much time.

There are just a few indicators that will explain it all, so let’s not beat around the bush and get straight to the point.

Table of Contents

Clout Bucks Review – Product Overview

Name: Clout Bucks

Owner: Unknown

Price: Free

Overall Rating: SCAM

Cloutbucks is not a real site and they will NOT pay you either. Although they are free to join, please do not even signup or you will lose more than just money. They are a phishing scam that will take your information and use it against you. Unless you don’t want that to happen, avoid Clout Bucks at all costs. I do not recommend you join and I do not recommend you promote it like it’s legit either.

What Exactly is Clout Bucks?

Clout Bucks acts as a GPT (get paid to) kind of site like Swagbucks that will pay you to do simple tasks.

Take some surveys, visit other websites, and even watch some videos.

That’s how it works with any legit GPT site and that’s what Clout Bucks wants you to think.

The website looks great, it’s completely free to join, and the claims from others seem promising.

However, there are a lot of things that don’t happen and I want to show you what they are.

But first, let me explain how the scam actually works.

How the Scam Works

Clout Bucks is completely free to join.

They don’t ask for any money and heck, they don’t even ask for any credit card information.

So what happens?

You signup and have the comfort of knowing you have nothing to lose.

That my friend is exactly what they want you to think and that is exactly how you will get in trouble.

Once they get you to feel comfortable, you will go about doing things like you would with any other website.

You will provide your email address and a nice little password that is NEEDED in order to create your Clout Bucks account.

Then you will get your personal link and go out there promoting it like everyone else is doing.

From there you will have accumulated some money and you will think that you have just landed on a gold mine.

That’s how you’ll feel until it comes time to get your money.

Meet the minimum threshold, and it’s time to decide how you will get paid, with the two main options being through check or PayPal.

Most of you will prefer PayPal as it is safe and will get to your account a lot faster.

This is the time where the scums of Clout Bucks step in.

They will take the password you used to create your Clout Bucks account and then try to match it with the PayPal address that you are trying to get paid with.

If the password matches, they will try to transfer some money to themselves.

And if that doesn’t work, be prepared for them to try and get access to any other accounts you might have.

That’s all there is to it and you will not even notice that you have just been hit with a nice little phishing scam.

That’s the first part but do know that their overall site is working against you as well and that is what I will be going over next.

The Red Flags

Every single phishing scam website comes with the same tall tell signs and I want to show you them below.

However, Clout Bucks comes with one that might be a clear indication that it is a scam.

If you go directly to cloutbucks.com and you are using some kind of antivirus protection, you will see something similar to the screenshot above.

Infection type: URL: Phishing

If that is not a clear indication that this site is not safe, then you might just be that desperate.

Now if you were introduced to this site by someone else, you will have most likely clicked on a link that actually worked.

But if you try typing the URL in the address bar, you will see that this is clearly a site designed to take your valuable information.

The other red flags consist of the same exact nonsense you will find on sites like Kids Earn Cash.

As a matter of fact, Kidsearncash.com is now being redirected to Cloutbucks.com, so you can obviously see that the same scammers are running both schemes.

You will see the same poor grammar, the same “happy members”, and fake testimonials.

I know the site is really nice and looks professional but don’t let that fool you.

Will Clout Bucks Actually Pay?

There are members that love to take screenshots of their “earnings” but don’t believe them.

Not to say that they are lying but they simply just don’t know any better.

The screenshots you see are what they see in their Clout Bucks back office.

That’s about the only place it will be as it will never make it to anyone’s PayPal account.

No one is making any money, period.

Final Verdict: Phishing Scam

Clout Bucks is nothing but a big fat scam.

A phishing scam to be exact.

So unless you want your identity taken or something, you best stay away from this site.

Also keep in mind that there are thousands of other sites that look exactly like Clout Bucks so be careful the next time you come across one.

They look great, are most likely free to join, and they will claim to pay you for getting others to join.

If you can understand those simple signs, you can avoid other scams in the future.

My Recommendation

Don’t be desperate.

I know we all want to make money online but it doesn’t come that easy.

Sure you can do it for free with sites like Squishy Cash or other GPT sites but it will not pay you the type of cash that Clout Bucks claims.

Now if you want to make some real money online, not only will you have to pay but you will need to put in the work necessary.

Besides that, don’t ever think that making lots of money online will come as easy as Clout Bucks makes it seem.

If you have any questions about this or any other program for that matter, feel free to leave them in the comments section below.

Thanks for reading my Clout Bucks review and I hope it has been helpful to you in one way or another.

Until next time, good luck and remember to always do your research.

About John

I hope you enjoyed that post. I’m John and I am the owner of this site. I like to think I’m a normal dude just like everyone else but that wouldn’t make me unique. I do have 4 kids and I have gone through the hardest of times, most especially financially. With some learning and growing, I have managed to get back on my feet and live the laptop lifestyle most people only dream of. With that knowledge, I hope to align you with a real and legit way to make money online.

Kodimax Review: Is it a Scam?

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Kodimax – DO NOT TRADE WITH THIS PROVIDER

Kodimax is a Forex as well as CFD broker that is headquartered in Bulgaria, with offices in the UK, Switzerland and the Czech Republic. The brokerage focuses cryptocurrency trading and provides its clients with a web-based platform for trading.

Clients who use Kodimax only get a leverage of 1:5, though they do get a wide range of currency pairs to trade with. The site requires a minimum deposit of $500 before you can start trading.

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

  • Website URL:https://www.kodimax.com/
  • Founded: 2002
  • Regulations: No
  • Languages: English
  • Deposit Methods: Qiwi Wallet, WebMoney, Visa, MasterCard, Yandex
  • Free Demo Account: No
  • of Assets: 200+
  • Types of Assets: Forex pairs, CFDs on stocks, commodities & indices, cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, Monero, Dash and NEM), Cannabis stocks.

Overview

Kodimax is a Forex as well as CFD broker that is headquartered in Bulgaria, with offices in the UK, Switzerland and the Czech Republic. The brokerage focuses cryptocurrency trading and provides its clients with a web-based platform for trading.

Clients who use Kodimax only get a leverage of 1:5, though they do get a wide range of currency pairs to trade with. The site requires a minimum deposit of $500 before you can start trading.

Kodimax: Advantages

Range of Trading Instruments

The on good thing that Kodimax offers is its wide range of trading instruments. You get to choose from currency pairs, to CFDs for stocks, indices, commodities and even cryptocurrencies.

In fact, Kodimax offers a wide range of cryptocurrency tokens to choose from – Bitcoin, Ether, Bitcoin Cash, Ripple, Litecoin, Monero, Ethereum Classic, Litecoin, Dash and NEM.

Kodimax: Disadvantages

Unclear on Details about Company

Kodimax is owned and operated by the company called Personal Group Activity Ltd. in Bulgaria. However, it is only when you read through the terms and conditions of the website that this information is gleaned. Unlike other brokers, who mention the details of their company clearly on their homepage, Kodimax does not have any information about its company or its licenses or regulatory information.

Plus500

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

Lack of Regulation

Bulgaria is a member of the European Union, and its online Forex trading market is regulated according to the ESMA (European Securities and Markets Authority) guidelines.

However, on Kodimax’s website, there is no mention of a license issued by the Bulgarian regulatory authorities, the Financial Supervision Commission (FSC), which clearly indicates that this is an unregulated brokerage.

Legitimate financial services firms that operate in the European market are subject to stringent regulations, one of which requires them to have a minimum operating capital of not less than €730,000. This is so that their clients are given protection against negative balances. What this means is that no client will lose more than the amount deposited.

The regulations also give traders protection in that all client deposits are held separately in a trust account that is protected from creditors. Brokers are also required to file regular reports, be open to external third-party audits and, in some cases, insure their clients’ funds.

With Kodimax being an unregulated brokerage, your funds may be in danger. And if you lose your money (for example, due to the broker going bankrupt), there is no way in which you would be able to get either compensation or protection from government agencies.

Unusual Withdrawal Charges

In its terms and conditions, Kodimax states that if a trader wishes to withdraw his or her deposit, he or she would be charged a withdrawal fee of €250.

This is a cause for concern, since no regulated broker would penalize their client for wanting to withdraw their funds.

Bonuses

Kodimax offers trading bonuses, which is a cause for concern. Offering trading bonuses is a hotly debated issue in the Forex space, since it comes with some extremely unrealistic trade volume requirements. These requirements are designed to favor brokers, with traders usually ending up the losers. This tactic is a favorite with brokers that are out to scam their clients.

What makes Kodimax offering trading bonuses to its customers an even greater concern is that there are no details of the terms and conditions clearly specified. Therefore, the customer really has no idea what he or she is getting into by accepting such bonuses.

No Free Demo Account

There is no free demo account available for traders to get an insight into the broker’s operations. When you click on the trade button, it immediately takes you to this page, which only allows you to sign into your account.

Range of Payment Methods

Another red flag that gets raised is that Kodimax displays the logos of multiple payment companies on its website – QIWI Wallet, WebMoney, Yandex, Visa and MasterCard – further investigation reveals that the site only offers the options of wire transfers and credit card payments.

Even Skrill, an e-wallet that is extensively used by brokers in the industry, is not a payment option here. This is logical, since Skrill recently updated its policy that it would only do business with firms that were regulated and licensed.

No Support for MetaTrader 4

MetaTrader 4 is a trading platform that is the industry standard. More than 80% of brokers and traders use this platform for their daily transactions. This interface offers advanced options for charting, can run intelligent automated trading sessions and is very easy to use.

Kodimax, on the other hand, uses a simplified web-based platform for trading, which has been designed by Airsoft. This platform does not give traders the range of features that are easily available with MetaTrader 4.

Minimum Deposit is High

Kodimax requires you to make a minimum deposit of $500 to trade on their site. This is more than 2 times the industry standard, which is another cause for concern.

Conclusion

Kodimax is not a licensed or regulated broker. Had the firm been new, it might have had the excuse, poor as it may be, that it was awaiting its licenses and final regulatory approvals.

However, considering that it has been operational for the last 17 years, and is headquartered in a country that is strongly regulated according to EU guidelines, Kodimax’s lack of regulation is a huge cause for concern.

Added to that, there are too many other issues with the broker – extremely high minimum deposit requirements, strange withdrawal clauses, unclear bonuses, no MetaTrader 4 support and little information about its parent company.

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