SinaraCorp Broker Review – Why is SinaraCorp.com Broker a 100% Scam?

Based on Tier 1, it may seem like an excellent place to invest your money, but it’s not. Since many regulatory warnings have been issued against SinaraCorp, we decided to put together an overview of everything we know.

Here is our honest review of SinaraCorp so you can learn more about it. To improve your trading knowledge, read our updated reviews of Aurora Coins, BidTrade, and Orient Financial brokers.

1. Scam Broker Status: Unregulated  
   
2. The company is unlicensed and unregulated.  
   
3. Websites of scammers:  SinaraCorp.com  
   
4. Operational Status:  Active Forex Trading ScaListed as a scam by:  FMA / CNMV / CMVM / FSMA
   
5. High Net Group Ltd owns the broker.  
   
6. Headquarters: Germany/Marshall Islands  
   
7. Year of foundation:   2021  
   
8. Platforms for online trading:   WebTrader  
   
9. Trading via mobile browser is available.  
   
10. Bonus: Up to 100% on deposits  
    
11. Trading of crypto assets is available.  
    
12. Trading CFDs is an option:    Yes, you can trade CFDs  
    
13. Instruments: Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Crypto)  
    
14. Leverage maximum: 1:500  
    
15. No Islamic Accounts are available  
    
16. No free demo account is available, only live trading accounts.  
    
17. The company does not accept US clients.  
    
18. Experts at Global Fraud Protection say this broker is a scam!  
    

Is SinaraCorp Regulated? – Why Does It Matter?

SinaraCorp has a German-language website. Also, they have never listed an official owner or opted to comply with BaFin regulations.

Furthermore, according to the Terms and Conditions, Marshall Islands law governs. High Net Group Ltd. is, in fact, the parent company of SinaraCorp Forex broker.

The offshore firm is also associated with several other scam brands including Cryptansa, CapitalProTrade, VirginsMarkets, and others.

Warnings Against SinaraCorp Fraud

The Austrian FMA issued a scam warning for the first time. This warning was reissued by the Spanish CNMV, the Portuguese CMVM, and the Belgian FSMA.

Official Warning Issued FMA – Evidence of Fraud

The FMA found a connection between broker SinaraCorp and High Net Group Ltd and concluded it was yet another offshore scheme providing unregulated financial services in Austria. That was our official confirmation of SinaraCorp’s scam.

We can also help if you have already deposited your money with IGFB, Flex Capital or TriumphFX and cannot get your money back.

Where Do SinaraCorp Scam Victims Live?

According to our SinaraCorp review, this scam broker mainly operates in:

• Austria
• Switzerland
• Germany
• Hungary

How Does This Scam Broker Contact Victims?

There are no rules for scheme brokers, and they disrupt clients in various ways. You may have signed up with the firm at some point and left your personal information. After the firm realizes that many won’t answer phone calls, you will be contacted through WhatsApp. All kinds of messages, promotions, and bait links leading to the deposit page will now be sent to you.

Conversely, you may become a victim of social media and dating apps if you haven’t signed up. Scammers often pretend to be friends or love interests before offering an investment opportunity that you can even split.

Choosing a scam firm can lead to you losing everything you have. Don’t get comfortable before meeting the person, as this type of cyber-fraud can last even for a few months.

What Can SinaraCorp Fraud Victims Do? -Start the money-back process.

Suppose you’re a victim of fraud committed by SinaraCorp and its employees. Chargebacks must be disputed, and the process must be started immediately. Also, if you wait too long, your chances of getting your money back decrease.

Keep your hard-earned funds safe from scammers. Get in touch with Global Fraud Protection as soon as possible!