Forex Trading Platform
Is Cloexbitts Fake or Real?
Why is Cloexbitts Fake?
Cloexbitts is an online trading platform where investors can supposedly generate enormous profits. The website claims that you can ‘trade Cryptocurrencies, Stock Indices, Commodities and Forex from a single account’.
Upon analyzing the content of the website, I found that Cloexbitts is a copy of the known Metatradefx scam and is therefore a scam itself. There are at least 134 other websites using the same content, all of which are likely to be scams. The list of websites is given at the end of the website.
A domain name lookup of the website shows that it was registered on 8th May 2021. The registrant’s details such as name, location and contact details have been hidden using a paid service. Therefore, it is a relatively new website that is being operated anonymously.
Even though it is clear that Cloexbitts did not exist before May 2021, the website makes the absurd claim that the company is operating since 1986. The Terms & Conditions document also carries a false date of 2020. Additionally, there are fake mentions of Cloexbitts winning awards. These are indications that Cloexbitts is not a genuine company run by professionals.
The information about the company’s management is completely fake too as none of the people actually exist. There are no Linkedin profiles of any of the team members and the images used are stock pictures lifted from various sources. The section also falsely claims that Cloexbitts is registered with the Australian Securities & Investments Commission (ASIC) even though there is no evidence that this is true.
The website’s overall quality is quite poor as it is replete with misspellings and bad grammar. I even found dummy text on the website even though it has been active for nearly 11 months at the time of writing this article.
Cloexbitts even claims to have its own app, but the links simply lead to the legitimate Meta Trader 4 Forex Trading App that has absolutely no relation to the website. Therefore, it seems to be a deliberate attempt to confuse people.
There are multiple instances on the website where Cloexbitts mentions that it is a licensed trading company authorized in Australia. However, there is no proof that this information is true. Therefore, Cloexbitts is blatantly lying about being a legitimate organization.
Cloexbitts does not seem to have a social media presence. There are no social media pages listed on the website and I could not find any independently either.
The contact information given on Cloexbitts’ website contradicts its own claim of being an Australian company. The company address provided is of a location in the UK and not Australia. Further, the address is completely fake as no such location exists. The phone number carries the country code +1 of the USA which adds to the confusion. It is quite apparent that none of this information is real.
I could not find any genuine reviews for Cloexbitts online. If you want to share your review of this site, you can do so in the comments below or on my social media pages.
It is quite evident that Cloexbitts and the 134 similar websites have an enormous chance of all being scams. There are several signs suggesting that Cloexbitts is run by scammers and not genuine traders. There is no evidence of it being a legitimate organization. On the other hand, there are several lies on the website regarding the company’s age and team members. The website quality is also extremely poor, hinting at the likelihood that it has been cheaply made by scammers.
Cloexbitts is a relatively new website created in May 2021 that is being operated anonymously. However, the website has blatantly false information such as fake awards and the ridiculous claim that it is operating since 1986. All of the information on the website is copied as the same content can be found on at least 134 other websites, all of which may be scams.
There is absolutely no information about the company’s registration and licenses. Cloexbitts falsely claims to be a licensed trading company in Australia. The website contradicts itself as a (fake) UK address has been provided and the phone number carries the country code of the USA.
Cloexbitts does not have any social media presence and no reviews could be found for it either. It is advisable to avoid investing with Cloexbitts and the 134 similar sites as there are no reasons to believe that they are legitimate organizations. As a general rule, never send crypto to strangers as it cannot be recovered.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
List of websites using the same content as Cloexbitts
Disclaimer: This review is intended for information only and should not be relied on when making financial or business decisions. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.