Cryptocurrency & Forex Investment Platform
Is Fxtrademax Fake or Real?
Why is Fxtrademax Fake?
Fxtrademax is a website that claims to be an investment platform. The first red flag is that they claim to generate profits through trading crypto as well as forex. Both of these are completely different trades and require specialized knowledge. However, they are interchangeable in the world of scams.
Fxtrademax is promising returns as high as 9% per day. Such a high rate of return is absurd and is the most obvious sign of a scam. Investors also get ‘referral profits’ for bringing in more investors, which hints that Fxtrademax may be a pyramid scheme.
Fxtrademax has already been found to be related to a few other investment scam websites. In this article, I will take a look at the signs indicating that Fxtrademax is a scam and also reveal connections to 225 other websites that may all be scams.
A domain name lookup of the website shows that it was registered on 18th October 2020. The registrant’s details such as name, location and contact details have been hidden using a paid service. Therefore, it is a new website that is being operated anonymously.
Even though it is clear that the website did not exist before October 2020, the About Us page of Fxtrademax’s website claims that it was established in July 2013. This is clearly a lie.
The entire content on the website has been copied and the same can be found on at least 225 other websites, all of which may be scams. The list is given at the end of the article.
The website also contains fake testimonials that use stock photos and copied content. The testimonials can also be found on hundreds of other sites.
Fxtrademax does not seem to have a social media presence. The contact details provided on the website include a WhatsApp number, UK address and email ID. Firstly, no real investment company does business over WhatsApp.
The number itself is a virtual number that can be operated from anywhere in the world. This means that Fxtrademax is not located in the UK as the website claims.
The email ID was found to be invalid when tested and the address also seems to be fake.
No reviews for Fxtrademax could be found, which is surprising considering that the site has been operating for almost five months and claims to give profits in seven days.
It is quite obvious that Fxtrademax and the related 225 websites may all be scams. Returns as high as 9% per day are absurd and not found in real investments. There is also a ‘referral profit’ for bringing in more investors, which is the sign of a pyramid scheme.
Domain registration data shows that the website was created in October 2020. However, the website claims that the company was established in 2013, which seems to be a blatant lie.
The entire content on the website, including the testimonials, have been copied. The same can be found on hundreds of other websites that look equally shady.
The contact details provided by Fxtrademax seems to be fake too. The address and email ID are completely fake. The only way to contact them seems to be over WhatsApp, but it is likely that the number does not work either.
It is advisable to avoid investing in Fxtrademax or any of the 225 related websites, as it is extremely likely that they are all scams.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
List of websites using the same content as Fxtrademax
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: The views expressed in this article are presented as an educated opinion based on facts and evidence. 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.