Forex Trading Platform
Is Fxtdpro Fake or Real?
Why is Fxtdpro Fake?
Fxtdpro is an online forex trading platform that where investors can supposedly generate giant profits. The site was reported to me by a reader who was contacted by someone on Instagram asking him to trade on Fxtdpro. This is often how Investment Scams begin. The promises of huge returns are never realized as the company turns out to be nothing but a scam.
Fxtdpro is immediately suspicious upon opening the website as it promotes a streaming service to ‘keep our trader’s entertain while trading’. This makes it evident that the site is not run by professional forex traders.
A domain name lookup of the website shows that it was registered on 30th July 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.
The About Us page of the website contains the following text:
FxtdPro is a Premier Forex Trading Company, and caters to a wide world of online forex trading and broker solutions. Traders across the globe have access to our solutions. It is owing to our contained and trustworthy solutions that eminent and top notch clients needing forex service harp on.
The primary motive behind incorporating the FxtdPro Broker is to ensure that clients may now obtain preferred service pertaining to forex, easy at the go! The experience of trading is rich and comprises varieties of variants like foreign currency hedging, forex trading, futures, Indices, US Stocks.
Our most valuable asset is our team. Our people are the very foundation for successful business development. Given the high standards of service in the European financial sector and an interest in a wide spectrum of investment services, we put special emphasis on continuous employee training and encouragement of their professional development. Moreover, effective internal risk management is always the priority for FxtdPro, and we make sure that the most experienced specialists are involved in this process.
FxtdPro mission is to create the best trading experience for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders FxtdPro is dedicated to offering superior spreads, execution and service.
I found that similar text can also be found on at least 33 other websites, all of which may be scams. The full list of sites can be found at the end of the article.
Even though Fxtdpro clearly did not exist before July 2021, there is an awards section on the home page that claims that the company has won awards as far back as 2016. The awards named are generic and do not really exist.
Similarly, there is a fake statistic about Fxtdpro’s Trustpilot rating being 9/10. This is hilariously and obviously fake as Trustpilot ratings are out of 5. Upon checking the site, I found that Fxtdpro has 0 reviews. This, once again, shows that the site is run by scammers and not a real organization.
The website also has a ‘Refer a Friend’ section (spelt incorrectly by Fxtdpro as ‘freind’). This page states that traders on the platform can earn commission bonuses up to $2,000 on deposits made by referrals. This suggests that Fxtdpro may be a Pyramid scheme, if not an outright scam.
Even though there are social media icons given on the website, these are fake as they lead nowhere. Fxtdpro does not have a social media presence.
Fxtdpro tries to appear legitimate by claiming that it is a registered company in the Marshall Islands. However, the registration data given appears to be fake as the registration cannot be verified and the address is being used by several other companies.
The contact details given on Fxtdpro’s website include two email IDs, an address and a phone number. The address and phone number both seem to be fake. Therefore, the only way to contact Fxtdpro is by email.
I could not find any client reviews for Fxtdpro online, which is surprising considering that it has been active for more than five months. If you want to share your experience with this platform, you can do so in the comments below or on my social media pages.
It is glaringly obvious that Fxtdpro and the 33 similar websites have an extremely high possibility of being scams. There are several signs suggesting that Fxtdpro may be a scam platform acting as a facade for an Advance Fee Investment Scam. Therefore, it is likely to be either a pyramid scheme or a total scam.
Fxtdpro is a relatively new website created in July 2021 that is being operated anonymously. However, the website has blatantly false information such as fake awards and a made-up Trustpilot rating.
All of the information on the website is copied as the same content can be found on at least 33 other websites, all of which may be scams. The website is quite poorly made and does not appear to be a genuine forex trading platform.
The company registration information provided is unverifiable. The company address provided is also being used by several other companies and is likely to be fake.
Fxtdpro does not have any social media presence and no reviews could be found for it either. It is advisable to avoid investing with Fxtdpro and the 33 similar sites as there are almost no signs to suggest that they are legitimate organizations. As a general rule, never trade or invest with a platform promoted by strangers on Instagram.
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 Fxtdpro
Disclaimer: The views expressed in this article are presented as an opinion based on available information. This review is intended for information only and should not be relied on when making financial or business decisions. There is no malicious intent or attempt to defame any individual/s or organization/s. 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.