Warning: Is TowardsSource a Scam?
Our experts warn you to avoid TowardsSource (towardssource.com). Users have reported withdrawal issues.
Warning: TowardsSource (towardssource.com) Analysis
TowardsSource (towardssource.com) has been flagged as a suspected illicit operation.
We found that the phone number is '+442081028869, and the support email is support@towardssource.com.
TowardsSource appears to be a financial platform, but it appears currently not authorized by any credible commission, like the ASIC or CySEC.
Victim of TowardsSource?
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Regulatory Check: TowardsSource
The most alarming red flag is that TowardsSource (towardssource.com) is unauthorized from a credible authority.
Investing with unlicensed brokers is very unsafe. Real firms are always licensed with bodies like the FINRA or FCA to ensure consumer safety.
TowardsSource lacks this protection. As a result, there is no legal recourse if they keep your funds. Many online scams involve unlicensed entities, and recovering funds from them is hard without professional help.
For instance, in Europe, unauthorized firms are not covered by the compensation schemes. In the US, they are not part of regulatory bodies, so your capital is at risk.
Warning Signs of TowardsSource
Online trading fraud is getting smarter. Criminals use social engineering to take your savings. Here are common methods used by brokers like TowardsSource (towardssource.com).
The "Romance" Trap
The "Romance Scam" is a common method where scammers build trust over months. They fake a romance online. Once trust is built, they mention a special crypto opportunity. It's a trap to lure you onto a fake platform .
Fake Trading Dashboards
Scammers build websites that mimic real trading apps. You see graphs and profits that go up. But it is a game. The broker controls the numbers to make you feel rich to deposit more. If you ask for a payout, the "profits" disappear.
Other Warning Signs
- Cold Calling: They call you from "brokers" out of the blue.
- Unregulated: The company has no authorization.
- Guaranteed Profits: They promise 1% daily returns with no risk.
- Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
- Pressure Tactics: Agents pressure you to deposit more.
Do not trust positive ratings. Fraudulent brokers often write their own positive comments to appear real.
Conclusion
We do not recommend TowardsSource. It is likely a fraud. Protect your money and use a licensed broker. Avoid towardssource.com at all costs.
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