Hello,
Is this broker reputable? The two sites look exactly the same and when asked why the addresses are different, they answer that it is a European server and one in the USA. It is said to have existed for years, but I can’t find anything about this provider before 2024. It is also said to be regulated by the SEC and MSB.
Perhaps you can help me here, as a group of investors has just deposited a lot of money here to invest and I think it could be a scam.
Thanks and regards
Hello, I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.
It sounds like you’re doing the right thing by being cautious about TWAAO.com and TWAAOR.com. Here are a few points to consider when evaluating the legitimacy of these brokers:
Identical Websites: If two websites look exactly the same but have different URLs, this is a red flag. Legitimate brokers typically have a single, consistent online presence.
Regulatory Claims: Always verify claims of regulation independently. The SEC (Securities and Exchange Commission) and MSB (Money Services Business) are real regulatory bodies, but scammers often falsely claim to be regulated by them. Check the official SEC and MSB websites to confirm if the broker is listed.
Lack of History: If you can’t find any information about the broker before 2024, this is concerning. Established brokers usually have a track record and reviews from previous years.
Server Location Explanation: The explanation about different server locations (Europe and USA) is not a typical reason for having two identical websites. Be cautious of such justifications.
Group Investment: If a group of investors has already deposited money, it’s crucial to proceed with caution. Attempt a small withdrawal to test the broker’s reliability, but be aware that some scammers allow initial withdrawals to build trust.
Red Flags: Be wary of guarantees of high returns with no risk, pressure to invest, or contact through unofficial channels like Telegram or WhatsApp.
Given these concerns, I recommend being extremely cautious. You can find legitimate brokers tailored to your needs using BrokerChooser’s FindMyBroker tool at https://brokerchooser.com/find-my-broker.
If you suspect a scam, please provide more details about how the suspected scammers contacted you. Remember, recovery of funds from scam brokers is complex, and be cautious of recovery scams asking for more money.
A human will review your topic shortly and join the conversation. Stay safe!
Hi there,
Based on the information you provided, it does indeed sound like a scam. I cross-checked both of the websites, TWAAO.com and TWAAOR.com, and could not find any reliable information about the company on the SEC’s official website, which is a major red flag. The fact that both websites look identical and the company gives an unconvincing explanation about having separate servers for Europe and the U.S. raises further suspicions.
You’re also correct in noting that there is no information about this company prior to 2024, which suggests that any claims about its history may be false. The supposed regulation by the SEC and MSB is highly questionable, as I couldn’t find any official records confirming this either.
Given these concerns, please stop using this provider and warn others. If you or your group of investors have already deposited money, I suggest contacting your bank or financial institution immediately to inquire about the possibility of reversing any transactions.
Also please report this scam to the appropriate authority: https://brokerchooser.com/safety/scam/where-to-report-an-investment-scam.
Feel free to reach out if you need further assistance.
Best regards,
Andris