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TOOLS4SEALS

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Operating status: SCAM

Website: https://tools4deals.com/

Broker violations and abnormal records
  • 2023-10-09 BrokersView has reviewed that TOOLS4SEALS is an unregulated broker

    TOOLS4SEALS claims to be a legitimate trading platform providing services for forex trading and other derivatives like cryptos.

    It showcases a certificate issued by Crypto Service Authority that seems to be a fake authority. Therefore, the certificate is meaningless.

    Since TOOLS4SEALS claims to be located in Singapore, it is required to be registered with the Monetary Authority of Singapore (MAS) before soliciting investors. However, our search for this company in the register of MAS didn't return any results.

    In essence, TOOLS4SEALS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    TOOLS4SEALS is unequivocally a scam.

    TOOLS4SEALS claims to be a legitimate trading platform providing services for forex trading and other derivatives like cryptos.It showcases a certificate issued by Crypto Service Authority that seems to be a fake authority. Therefore, the certificate is meaningless.Since TOOLS4SEALS claims to be located in Singapore, it is required to be registered with the Monetary Authority of Singapore (MAS) before soliciting investors. However, our search for this company in the register of MAS didn't return any results.In essence, TOOLS4SEALS is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. TOOLS4SEALS is unequivocally a scam.

Related Complaints

Q&A

What fees will I be charged when using TOOLS4SEALS?

JR Gitman
Reunion
2023-10-30
ANSWER Due to its unlicensed status, we strongly suggest you avoid TOOLS4SEALS. They may find excuses to charge fees for the so-called taxes, or demands the payment for settling the allegation of money-laundering. These excuses are common tricks by scammers you should beware of.While TOOLS4SEALS claims to be a reliable trading platform by showcasing a certificate issued by Crypto Service Authority, it remains illegitimate. Because this agency is fake and the license is meaningless. Despite the location in Singapore, there are no indications that TOOLS4SEALS is registered with the Monetary Authority of Singapore (MAS). Aside from the above information, TOOLS4SEALS fails to disclose any additional licensing data for investors to verify. Therefore, it appears to be not subject to any governing body.As such, it is highly risky to engage with TOOLS4SEALS. This unlicensed platform poses significant risks of fraud and identity theft. To minimize such risks, it is advised to steer clear of it and instead choose a fully regulated one.
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