Is Cramtrade Fake or Real?
Why is Cramtrade Fake?
Cramtrade is a company that can supposedly generate a daily profit of 150% for investors. There is no clear information about how the company can manage to provide such absurdly high returns. Unrealistic returns are often the most obvious sign of an investment scam.
Cramtrade also provides 5% to 10% commission on deposits made by referrals. This suggests that it is likely to be a pyramid scheme. Such schemes are fraudulent and unsustainable.
A domain name lookup of the website shows that it was registered on 24th February 2021. The registrant’s name and location have been given as CRAMTRADE, London, but as we will see later this information is fake. Therefore, it is a new website that is being operated anonymously.
Even though Cramtrade’s website is barely more than a month old, the copyright statement in the footer states that the site has been active since 2019. This is a blatant lie.
The company registration number provided in the above image is also fake. No such company could be found in the UK Companies House database. In any case, real investment firms in the UK have to be registered with a financial regulator such as the FCA. Cramtrade has no such registration.
The entire content on the website has been copied. The text in About Us page of the website can also be found on at least 81 other websites, all of which may be scams. The list of sites is given at the end of the article.
You can also see in the screenshot below that Cramtrade claims to be registered in Ireland. There is absolutely no proof of this being true.
The website seems to be created in a hurry using a template. It contains several blank sections and pages. This shows that it has not been created by professionals.
There is also no information about the people running the company. Some names and bios have been given that are also copied. There are no images or links to social media profiles. Therefore, there is no reason to believe that these people actually exist.
The contact information provided by CramTrade includes an email ID and address. The email ID was found be working when tested. However, there are two UK addresses provided and both of them are fake.
The first address is the one given on the home page which is actually of a plumbing company.
The second address given in the Contact Us page carries the wrong company name and is of an accountancy firm.
Cramtrade does not seem to have a social media presence and no reviews for it could be found either.
It is quite obvious that Cramtrade is a scam. The clearest indication is the ridiculous 150% daily profit being promised. Investors can also earn commissions of 5% to 10% on deposits made by referrals, which signals that Cramtrade is a pyramid scheme.
Cramtrade is also lying about being active since 2019. The domain registration data shows that it was registered in February 2021 making the website barely over a month old.
The website itself is of extremely poor quality. The entire content is copied and can be found on at least 81 other websites, all of which may be scams. There are incomplete sections and pages on the website. There is also fake information provided about the company management.
The only real way to contact CramTrade is by email. There are two different UK addresses given on the websites, both of which are fake. One belongs to a plumbing company while the other address is of an accounting firm.
Cramtrade also claims to be registered in Ireland and provides a fake company registration number. It is advisable to avoid investing with Cramtrade, as the evidence suggests that it is not a genuine investment company. It is most probably a scam operated from Africa.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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List of websites using the same content as Cramtrade
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.
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.
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