CloseHorizon Review: Another Scam to avoid (closehorizon.net)

CloseHorizon Review: A Cautionary Tale of an Unlicensed Broker

The website closehorizon.net has been making waves in the online investment community, claiming to offer lucrative investment opportunities to its users. However, a closer inspection reveals a more sinister reality. In this review, we will delve into the reasons why CloseHorizon is considered an unlicensed broker, highlighting the red flags and suspicious behavior that every investor should be aware of.

The Unlicensed Broker Alert

Upon examining the website, it becomes apparent that CloseHorizon lacks the necessary licensing information to operate as a legitimate broker. A legitimate broker is required to display their license number, regulatory body, and other pertinent details on their website. The absence of this information raises significant concerns about the website’s credibility and trustworthiness. Furthermore, the website’s claims of fake credentials and unverifiable regulatory compliance only serve to solidify its status as an unlicensed broker.

Red Flags and Suspicious Behavior

A thorough analysis of the website reveals several red flags that should raise concerns for potential investors. These include:

• False promises of unusually high returns on investment, which are often unrealistic and unsustainable
• Shady practices, such as hiding fees and charges, or using high-pressure sales tactics to convince investors to deposit funds
• A lack of transparency regarding the website’s ownership, location, and regulatory status
• Unresponsive or unhelpful customer support, which can leave investors feeling isolated and vulnerable

Identifying Unlicensed Brokers: Tips and Tricks

To avoid falling prey to investment scams, it is essential to know how to identify unlicensed brokers. Here are some valuable tips to help you spot a scam broker:

• Always research the broker’s regulatory status and licensing information
• Be wary of unusually high returns or promises of guaranteed profits
• Verify the broker’s physical address and contact information
• Read reviews and check for complaints from other investors
• Never deposit funds without thoroughly understanding the terms and conditions

Steps to Take After Falling for a Scam

If you have unfortunately fallen victim to an investment scam, it is crucial to take immediate action to minimize your losses. Here are the steps to follow:

1. Stop all communication: Cease all contact with the scammers, including phone calls, emails, and messages.
2. Report the scam to relevant authorities: Inform your local financial regulatory body, as well as organizations such as the Federal Trade Commission (FTC) or the Securities and Exchange Commission (SEC).
3. Contact your bank or payment provider: Notify your bank or payment provider of the scam, and request their assistance in recovering your funds.
4. Consider identity theft protection: If you have provided personal or financial information to the scammers, consider investing in identity theft protection services.
5. Warn others through reviews and scam reporting websites: Share your experience with others by writing reviews and reporting the scam to relevant websites, such as the Better Business Bureau (BBB) or Scambook.

In conclusion, CloseHorizon is an unlicensed broker that poses a significant risk to investors. By understanding the warning signs and taking proactive steps to protect yourself, you can avoid falling prey to investment scams. Remember to always prioritize your financial security and seek guidance from reputable sources before making any investment decisions.