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In recent times, we have had a lot of complaints about a fraudulent platform called Calliber, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that it is a scam platform. Just to clear any doubts, It is a SCAM.

If you have been scammed and you are looking for ways to recover your money from Calliber, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

Although calliber.io is by no means the worst scam website we have examined, it could pass for real if you ignore some red flags. The broker offers customers a variety of trading platforms as well as comprehensive Terms and Conditions on their informative website. But we couldn’t ignore the fact that calliber.io is unregulated and headquartered in a place where there aren’t any regulations at all.

The FCA, the UK’s financial watchdog, has also issued a warning regarding the company. Calliber.io may be offering some risky software, and the broker most likely has some cunning plans to steal from clients. Additionally, calliber.io aren’t even that great. For more information, read the review.

Regulation and the safety of funds at Calliber

St. Vincent and the Grenadines, a top choice of scammers, is where calliber.io is registered. Since the nation’s local financial authority does not regulate forex brokers, many con artists have established businesses there. Since the government of the country issues all licences, they would not have to worry about stringent rules and standards, nor would they need to apply for one.

We constantly advise traders to exercise extreme caution when selecting a broker from St. Vincent and the Grenadines because some such firms are in fact subsidiaries of well-known, established brokerages that are regulated elsewhere and exist solely to provide clients with better, more enticing terms by avoiding certain restrictions. On the other hand, some people are transparent con artists hunting for suckers.

A broker’s affiliation with a larger, global brand can usually be determined quite easily; if they are not, and their headquarters are in St. Vincent and the Grenadines, it is recommended to avoid doing business with them. They will probably eventually turn out to be operating some form of bogus scam. This may also be the case with calliber.io because a credible regulatory agency, the UK’s FCA, has issued a warning against the broker.

The FCA has stated that if you choose to employ the services of a certain broker after receiving such a warning, you will not be able to benefit from the numerous protections that going through a reputable, licenced broker offers.

The best course of action is probably to open an account with a broker that is authorised in the UK, the EU, or Australia. These brokers are subject to stringent regulations and must satisfy numerous conditions in order to be granted a licence. For instance, they are required to maintain a minimum capital of A$1 million in Australia and €730 000 in the EU and the UK. Negative balance protection is offered to all retail clients, and client funds are always stored in segregated accounts to ensure that your broker is not using your deposits for their own financial operations. Furthermore, brokers from the EU and the UK take part in compensation plans that cover clients up to £85 000 in the UK and €20 000 in the EU. Clients are further protected by various prohibitions, such as the ban on bonuses and leverage restrictions.

calliber.io EXCHANGE SOFTWARE

The broker provides access to both a web-based platform and their own desktop application. Nevertheless, we refrained from installing any software because we were instantly informed that the file was insecure and might be contaminated. On the other side, we did succeed in testing the online platform:

Such simpler platforms are quite acceptable, and when they function properly, they can even be quite useful for a trading while on the road. The issue is that they seldom give any options for charting and analysis and offer no more sophisticated features. Opening an account with a broker that supports MetaTrader 4 or MetaTrader 5 would be a much better alternative. These platforms are without a doubt the most popular in the industry in terms of clientele and trading volume.

Why MT software has established such a solid name for itself is simple to understand. In addition to user-friendly interfaces, both MT4 and MT5 provide a wide range of features, including Expert Advisors that monitor markets and execute trades automatically, the ability to create your own trading bots and indicators using the MQL4/MQL5 coding language, VPSs, customizable signals, the ability to test trading strategies using a demo account or through back-testing, and much more.

Trading Conditions for calliber.io

The standard trading markets, including forex, equities, indices, commodities, and cryptocurrencies, are accessible through calliber.io. The broker features three accounts, with the regular account requiring a deposit of up to $5000. However, because the broker made no mention of the minimum investment amount, we can assume that we can make any deposit we choose. This could seem alluring at first, but it is not suggested for you to deposit any money with this broker because they are not exactly dependable. There are plenty of excellent brokers (XM, FBS, FXTM) who are prepared to open an account for less than $10 and provide you with far better terms.

The spreads we obtained from calliber.io were in the range of 3 pip, which is not really noteworthy. Any greater than 1.5 pips would generally not result in significant earnings for you, according to the majority of brokers.

Depending on the type of account, calliber.io offers leverage ranging from 1:100 to 1:300; we personally received 1:200, which could not be modified from anywhere in our profile. We would have loved to have had access to some parameters that would have allowed us to make that number lower because while trading with larger leverage can absolutely result in bigger, faster returns, it could also result in bigger losses. When deciding whether to trade with more leverage, always take market volatility into account as well as your personal knowledge and experience. Additionally, there are far better brokers out there who may give you the leverage of up to 1:100; consider using them instead.

Calliber METHODS FOR DEPOSIT AND WITHDRAWAL AND FEES

The broker provides a respectable selection of e-wallets, including various unspecified e-wallets, credit/debit cards, wire transfers, as well as Bitcoin and Tether. But there were some difficulties. When we were already logged in, the broker said that we needed to “login on the upper right-hand corner to fund using credit/debit card.” Additionally, there was no alternative button or method of depositing money.

Wire transfers appeared to require the remote desktop software AnyDesk to be installed on your machine. This is absurd because you probably wouldn’t require the broker’s help with something as straightforward as a money transfer through your bank. If such dodgy firms insist that you install any remote desktop software under false pretences, resist doing so since they will simply use that access to steal all of your passwords and loot you more.

However, making a deposit straight to the broker’s Bitcoin or Tether wallet proved to be pretty simple. Since such payments cannot be reversed and you could only receive a chargeback if the scammers were to grant you one, which is obviously not something they would want to do, only make crypto deposits if you are absolutely certain the broker is trustworthy.

While calliber.io mentioned not charging withdrawal fees, it does charge undisclosed money-transfer costs, whatever that could entail. Additionally, the broker assesses a hefty $85 inactivity fee after just 30 days of inactivity. Brokers who do charge such fees almost never charge more than $15, and they typically do so much longer than simply a month. Some brokers (like FBS, for instance) completely avoid charging such costs.

HOW DOES THE Calliber FRAUD OCCUR?

You can defend yourself against such frauds if you are sufficiently informed on how they operate, so carefully read the stuff that follows.

It all begins when you come across a dazzling online advertisement promising you enormous wealth; you visit a broker’s website and conclude it appears respectable enough and that all the boasts and promises must be true. Such con artists frequently succeed in convincing you that they are legitimate using cunning means – they falsely claim to be regulated, present phoney legal documents, and capture your interest with alluring incentives. You decide to open an account to try your luck, giving the con artists your phone number and email in the process.

After that, you won’t be left alone before making a deposit because you’ll get dozens of calls and emails from slick-talking con artists whose only goal is to prey on folks looking to make a fast buck. Once you’ve made a deposit, they’ll keep requesting more cash, which you’ll be happy to give them because you might even be making a fair profit by that point. When you attempt to withdraw your winnings, however, it will become abundantly evident that everything you have been told is false. That won’t be achievable for a variety of reasons, including additional taxes, minimum withdrawal thresholds, and unmentioned Terms and Conditions stipulations.

Your suspicions will eventually be confirmed, at which point the con artists will vanish with your money in their pockets.

WHAT TO DO IF YOU’RE FRAUDED by Calliber?

Recognize that victims rarely receive their money back at the end of such situations. The majority of what you can do is prevent more issues by updating all financial information you have given the con artists and deleting any software they have requested you install. This is just another form of fraud, frequently carried out by the same people who robbed you in the first place, so don’t believe any recovery agencies claim to be able to get your money back for a charge.

However, there is a good likelihood of receiving a chargeback if you used a Visa or MasterCard to deposit because both card issuers permit chargebacks within 540 days of the transaction. It is more difficult, but not impossible, to reverse wire transfers and payments made using an e-wallet; for help, speak with your bank or the company that provides your payment solution.

Last but not least, be sure to alert the appropriate authorities and spread the word about your experience too as many people as you can; this will help others learn how to avoid terrible scams like the one you fell for. Calliber is a well-known fraud that has ruined numerous investors. The business is cold-calling potential investors. To suggest how profitable the site is, they establish fictitious accounts. You must deposit £250 as starting capital with the organisation.

Additionally, they are giving you an account manager to handle all of your trades. You’ll initially start to notice enormous earnings. For the manager to improve your account, you will need to deposit additional money. Every day, substantial returns of about £100 are evident in your account.

It could take up to two weeks for this to stop happening. At this point, the account manager is accused of being aggressive. If you ask for a withdrawal or to have your account terminated, Calliber ends all contact.

The claimed parent organisation of this Ponzi scheme is Biggins LLPC. Given that investors have already suffered financial loss, we do not see the benefit of engaging in fraudulent trading. The appealing website would suggest that this is a seasoned broker. There are, however, a lot of negative characteristics and issues to consider.

Review of Calliber.io

The site offers thorough legal documents as well as educational information. Additionally, a variety of trading interfaces are offered to investors. The unknown is the exact location of the investment programme. Additionally, they are acting independently of the regulations laid forth by the regulating agencies.

Furthermore, the UK’s financial watchdog has taken notice of Calliber. They have received a warning from the organisation. Any investment with a party on the blacklist will result in losses. Your personal data is not secure. The con artists might even use it to trick you into depositing additional money or selling it to criminals.

Investors are being encouraged by corporations to install malicious software. The company is employing unqualified, unskilled people. If you thoroughly examine a platform before using it, you won’t run the same risk. There isn’t a demo account available for you to use to get a feel for how the website works.

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Also lacking is their banking information. As a result, you will end up depositing your money into the con artist’s pocket. Since they are the ones who will notice the warning signs, the scam primarily targets new traders.

It is in your best interest to do extensive research on a platform. It’s impossible for the scam deal to be real. Although they work with volatile assets, there is no evidence of their profitability. Try these reputable, transparent, and regulated forex trading firms.

Trading Requirements of Calliber

The desktop version of the broker includes a web trader. Both of these should not be installed because the file may infect your device. Investors have protested that the corporation stole their data and violated the law.

The MetaTrader4 and MetaTrader5 software has the industry’s top trading interface. One may customise their own customised EAs, and there are complex indicators, charts, and economic calendars available. Stocks, FX, commodities, cryptocurrencies, and indices are offered by Calliber.

Three trading accounts exist. For the most popular currency pairs, their spread is 3 pips. Investors must utilise costly trading fees because the limit is not profitable. The market standard is 1.5 pip on average.

Leverage for Calliber ranges from 1:100 to 1:300. The cap exceeds what the financial agencies have approved. Professional traders are allowed to use high leverage. The dangers are considerable, and if the market moves against you in a different way, you may lose even more money.

Transfers and Deposits at Calliber

It is nonsensical to require a minimum amount of capital. To begin trading, investors need to deposit $5000. The website offers credit and debit cards, bitcoin, wire transfers, Ethereum, wallets, and other payment options. The AnyDesk application must be installed in order to use the word transfer feature.

Why would the business have such a requirement when the transfer procedure is not as difficult as the con artists claim? The debit and credit cards don’t appear to be functioning. You cannot ever request a chargeback for a cryptocurrency deposit.

Review of Calliber and Calliber.io Broker

A Calliber inactivity fee kicks in after 30 days without you accessing your account. The investment fee is $85. Legitimate businesses won’t charge more than $15 and won’t have such a hefty price. According to the programme, there are no withdrawal fees. Customers should expect to pay an unknown sum in money-transfer fees, though.

Contact information for customer service

The business offers poor customer support. Client phone calls are not answered by the organisation. They are dishonest and impolite. Investor questions go unanswered by the team. A trustworthy business will employ a qualified team to address investor concerns.

Calliber’s Status under Regulation

Registration paperwork from Saint Vincent and the Grenadines is available to you, Calliber. The area is a favourite haunt for con artists. The regional financial regulator does not authorise any online investing companies or FX companies. Because of this, the region makes a good setting for Ponzi scams.

Local brokers can apply for licences without having to follow the three guidelines and conditions. While many offshore businesses have shown to be unreliable, not all of them are fraudulent.

The target market for Calliber has been British investors. An investing platform must deposit 730k euros in the capital in its name before it can operate in this nation; the capital is stored in a segregated account that is distinct from the client’s account. Investors may be compensated up to 20,000 pounds if a company declares bankruptcy.

Brokers must also inform financial organisations of their daily trading operations. It prohibits investment firms from tampering with prices. Additionally, investors are safeguarded from negative account balances. There are no unforeseen fees, and organisations run completely transparently.

Calliber has been identified as an illegal organisation that disobeys the law. They will shortly shut down the business and vanish without a trace. Look for registered brokers instead of wasting your time with them to take advantage of the best trading circumstances.

Client testimonials for Calliber

Investors who have used Calliber’s services have left a large number of unfavourable evaluations. The business is charged with underpaying traders. Investors’ inquiries go unanswered by the customer service.

Ponzi schemes are not secure. They are proposing that their victims submit their money via brand-new cryptocurrency wallets. Customers are urged by the business to set up AnyDesk on their machines. The scammers will have remote access to your computer if you do this.

As a result, they can steal your data. When you ask Calliber where your money is, he keeps making excuses. They assert that a bank transfer will be used to make the withdrawal within two to five business days. Investors have been waiting for their money for months.

Trading with the broker is useless since you risk getting the same result. Additionally, their markets are making false statements. They recommended the broker as a reliable company.

Final Conclusion

Investors that prefer to lose money quickly should choose Calliber. The business has been successful in robbing several people. Furthermore, they don’t intend to return the funds. The result will be the closure of their website and the failure of any contact attempts.

A list of trustworthy forex trading firms is provided below. These brokers are trustworthy and open. They have low fees and perfect trading circumstances. Additionally, the platforms hire professionals to help investors create passive income. The learning resources available on the websites can also be used.

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To recover your money from Calliber, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.