Calliber.io

If Calliber.io looks to you like a decent broker, you would be very wrong to assume so. This is a company that lacks all the respect of a broker, and all sides to it showcase this. It's only strong side, if you can consider it a strong side, is its website design. It has the ability to draw one it and completely manipulate one's beliefs until it's too late. Don't let this be you. Read the review to find out what's wrong with the broker, and then how to protect yourself form it and similar scams!

The first of many signs that Calliber.io is a risk to all is its address. The broker is incorporated in Saint Vincent and the Grenadines, as many illicit brokers are currently. This country is the nations with the most number of scammer brokers, an no other nation matches its sheer numbers. Saint Vincent and the Grenadines does not have an FX regulation, and its local laws look the other way when it comes to broker misconduct. Basically, the small Caribbean nation is paradise for investment fraudster and brokers alike.

There isn't any further regulatory or similar information. Therefore, we have no other reason to believe the broker is regulated. The fact show that Calliber.io is not licensed, and is as a result of this a huge risk to all!

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

The registration process was easy to complete, and we were quickly welcomed by a very basic user area that did not do the job of impressing us, not that we ever expected this.

At least we accesses a web trader, from which we got an accurate read of the important trading conditions. Like the spread, which in the case of the EUR/USD is 3 pips, a value twice the average cost and therefore not lucrative at all. The leverage was capped at 1:200. Last but not least, the trading assets: forex currency pairs, cryptocurrencies, indices, shares, and some commodities.

CALLIBER.IO LOGIN

What we have here is a decent web trader used by an indecent broker.

But bear with us. By decent we mean in the context of an unlicensed broker. The terminal is still on the very limited side of things, and it would be unacceptable for a legit broker to offer this platform.

There are options here to satisfy the rookie users, but at some point even they will be asking for more trading and customization options, which this software won't be able to satisfy.

CALLIBER.IO MINIMUM DEPOSIT

From the user area we learn that users can only invest by crypto wallets, meaning that all investments are essentially untraceable and a huge risk.

The broker also mentions that there are credit/debit card deposits as well as wire transfers, but in the end it only grants access to two separate crypto wallets.

The $10 000 minimum we get from the website is incredibly unrealistic and a joke to start with.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

CALLIBER.IO WITHDRAW TIME AND FEES

According to the user area, client scan withdrawal via wire transfer, credit cards, and a crypto wallet. Although, we know from experience that unregulated brokers don't process withdrawal requests.

We cannot tell you how many broker we have reviewed that act like this one, where it offers only one type of depositing methods but for withdrawals it offers a whole other range. Usually, both the payment and the withdrawal methods must be the same in order to abide by Anti Money Laundering laws. This broker obviously does not follow these guidelines.

The broker claims that it does not apply any fees to its withdrawals. Bur seriously, do you believe it? From everything we have revealed, is there a reason to trust the broker with this information? We don't think so.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

All in all, Calliber.io is a complete scam and a risk to all. Investing here would be a mistake.