FXTradeProfit (Fxtradeprofit.com) is a Crypto scam which also claims to be involved in Bitcoin mining. FX Trade Profit is another online Crypto scam mainly targeting investors from Europe and North America. These scam artists have created another cloned website and have just changed the name. Upon visiting their homepage, one can easily see that they have just inserted their name. Read this entire FXTRADEPROFIT Review and get all the details.
These scam artists have cloned the website of another bitcoin scam called BitElitum. The office picture is the same and this is one of the many red flags we will expose. They claim to be a crypto currency investment solution which is far from the truth. These are the very scam artist who came up with the scam platform BitElitum which was also a HYIP. In efforts to raise awareness, we will expose all the tricks used by these scam artists. When dealing with digital currency trading, it best to use approved products. Go for reliable and reputable Cryptocurrency trading robots for a fulfilling trading experience.
The company and ownership details still remain a mystery. Scam artists will do or say anything to try and get their platforms recognized. And this includes posting false location information to entice traders. They also use false information to throw off any prying eyes from investigating them. These scam artists are in for a rude surprise as their website is an exact replica of another scam. FXTradeProfit is another prime example of why investors should be extremely careful with Crypto currency trading.
Cryptocurrency has taken the world by storm and everyone wants to have a piece of the pie. And these scam artists want nothing else but to rip the benefits. FXTradeProfit is claiming to offer Bitcoin mining and Crypto currency trading. These two are their main selling points. They fail to mention the number of Cryptos available or the hash power generated. Lack of clear and vivid information on the services they offer leaves everyone guessing. And this is a pointer we are dealing with professional online scam artists.
FXTradeProfit is not clear on who actually operates or owns the platform. Disclaimer at the footer of their homepage does not have clear details in regards to ownership. What we have are two business locations, one in Canada and the other in the UK. These are false locations as we believe the platform is an offshore led scam platform. Offshore brokers who can’t get trading licenses use America and Europe locations to entice traders. Beware of these locations as with time, these scam artists will change their business address and location.
According to the trusted domain register whois.net, Fxtradeprofit.com was created recently. Records show the platform was created on 21st December 2019. The platform is barely a year old and is causing havoc among the Crypto trading community. These scam artists claim to have industry experience and yet, they are a bunch of scammers. Scam artists will try and sell their reputation by posting to have been trading for over five years. FX Trade Profit is no different as they want to be seen as a reliable.
Disclaimer at the footer of their homepage does not give any license or registration details. The entire website does not have any license and registration documents to prove regulatory compliance. And this is another proof we are dealing with a rogue Crypto trading platform. The Financial Conduct Authority (FCA) has issued a warning regarding this platform. FXTradeProfit is NOT LICESNED or REGULATED to offer any trading services to members. With a warning from a reputable authority, it is concrete proof the platform is a hoax.
Other regulatory bodies plan to ban the platform from offering any Crypto services. The National Futures Association is planning to ban the website from signing up citizens of the United States. These are clear indications that something’s wrong with the platform. Complaints have reached regulatory bodies concerning the services provides by FX Trade Profit. With alerts out, we expect the entire website to shut down soon. It’s a pity members will lose their funds in the process.
FXTradeProfit is offering four investment plans to members of their platform. The investment plans indicated includes Starter, Premium. Delux, and VIP. These plans come with an enticing profit guarantee tag. The profit guarantee is what makes investors sign up not knowing this is a trap. There is no expert or trading robot in the world that can guarantee a fixed profit guarantee. The guarantee profit margin set is 25, 50 75, and 100 percent after 24, 48, and 72 hours. These scam artists are merely saying this to get traders to deposit funds.
The platform does indeed have a chat box that pops up once you visit the page. What we noticed with the chat box is this is not live chat support. These scam artists are using a bot program to answer basic queries. The problem with bots is they tend to be slow at responding to queries. We sent a message and had to wait for over five hour to get a message. The platform also does not provide a phone number. It shows these scam artists don’t want any interaction with their would-be victims.
FXTradeProfit is furnishing traders with a wide array of depository channels. They include American Express, Bitcoin, Bitcoin Cash, Etherium, MasterCard, Visa, among others. These scam artists have ensured no one has the excuse of not depositing funds. The biggest challenge facing members of this platform is the fact no member has been able to withdraw. Their FAQ page claims withdrawal is less than 24 hours which is also a lie. These scam artists block any account which sends a withdrawal request.
Another interesting feature these scam artists have used is deploying false client statements. Once you scroll down their website, you read testimonials from Bailey Francis and Zoe Jones. And these are stock images which have been downloaded from the internet. A closer look at most social media websites reveals no such persons exist. These scam artists have used images and posted information to try and sell their platform. And these are the lengths scam artists will go to try and sell their services.
When it comes to the available trading platform, these scam artists fail to disclose it. We do believe they are using a custom made platform which has not undergone any testing. The problem with such platforms is they tend to be slow at executing trades. Results of trades made are against traders as they end up losing their trades. The platform does not have necessary security software to protect against third party attacks. And these are some of the reasons why trading with FXTradeProfit is a risky venture.
The safety of funds with a platform that has been flagged as a scam is never guaranteed. These scam artists will close shop at any given time and won’t compensate members. FXTradeProfit is not segregating accounts which is proof members are depositing funds on one statement. Pooling of funds in one account puts funds at risk as the platform might face bankruptcy or insolvency. Members should not expect any compensation as the platform does not participate in a compensatory scheme.
Evidence is clear that FXTradeProfit is a scam which is stealing from Crypto enthusiasts. Stay away and ensure you never engage with their representatives. Mark all their emails as spam and never click on any links sent by their email marketing team. Warn your family and friends from joining any of their affiliate programs.
By adding this platform to our blacklist, we will ensure no one falls for their trickery. For those looking to mine their own Crypto coins, use approved and credible Crypto mining companies.
Continue reading our reviews and get to know more regarding online trading products and services.
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