Website Name
LDXA Trade Investments (ldxa-trade.com)
tradingunitcompany.com
Website Type
Cryptocurrency Investment Platform
Is LDXA Trade Investments Fake or Real?
Fake
Why is LDXA Trade Investments Fake?
LDXA Trade Investments (ldxa-trade.com) is a website that claims to be an investment platform. It is not clearly mentioned on the website how they generate profits, but it seems that they trade cryptocurrency and forex. This is the first red flag as they are two completely different trades and websites which claim to trade both are often scams
LDXA Trade Investments promise returns as high as 5% per day which makes it obvious that the site is a scam as such returns are not realistic or sustainable. There is also an indication that it may be a pyramid scheme as investors can earn 10% referral commission on deposits made by their referrals.
A domain name lookup of the website shows that it was registered on 27th March 2023. The registrant’s details such as name, location and contact details have been hidden using a privacy guard. Therefore, ldxa-trade.com is a new website that is being operated anonymously from an unknown country.
The website is poorly made and appears to be created using a cheap HYIP template, as with most fake investment platforms. An obvious indication that the website has been created by amateurs is that the first image you see on LDXA Trade’s website is a random photo lifted from a website called Mines and Money. The Mines and Money logo can even be seen in the background of the image.
Upon analyzing the website’s content, I found an identical website called tradingunitcompany.com which is probably run by the same scammers.
LDXA Trade’s website does not even have a Terms of Service document, which is another indication that it is not a genuine organization. The FAQ page states that they only accept cryptocurrencies, which is extremely unsafe as crypto transactions cannot be traced or reversed. LDXA Trade also accepts deposits as low as $50, which no real investment firm would entertain. These are all major red flags that point towards LDXA Trade being a scam.
LDXA Trade claims to be a registered company in the UK and provides a certificate to prove this. However, I found that ldxa-trade.com is likely to be misusing the name of an unrelated company as the firm they are pretending to be was formed as ‘Global Derivatives Indices Limited’ in 2012 and changed its name to ‘LDXA Limited’ in 2019. However, LDXA Trade’s website was created only in 2023 and therefore there is no reason to believe that there is any relation between the website and the company.
In any case, a UK company registration means next to nothing as it can be purchased online for £12 without submitting any verification documents. Investment firms in the UK have to be licensed by a financial regulator such as the FCA. LDXA Trade has no such license.
LDXA Trade has no social media presence. The following contact details are provided on the Contact Us page:
Address
2 Savoy Court, London, WC2R 0EZ.
support@ldxa-trade.com
The address is clearly fake as it does not match the address in the company registration certificate. In fact, two different addresses are provided on the website, which is another sign that ldxa-trade.com is not a real company.
There are a large number of positive reviews for ldxa-trade on sites like Trustpilot and Sitejabber. However, these reviews appear to be fake due to the following reasons:
Reason #1: Large number of reviews in a short time
LDXA Trade’s website was created only in March 2023, however there are hundreds of reviews for it and almost all of them are very positive. It is difficult for any company to get so many reviews in such a short time. Therefore, the reviews may be paid or written by pyramid scheme participants who are incentivized to lure more people into the scheme to earn referral commissions.
Reason #2: Fake information in reviews
When I read some of the reviews, I found that the reviewers have stated that they have been investing with LDXA Trade for several years. Therefore, the reviews are obviously fake as LDXA Trade’s site has only existed for a few months.
Reason #3: Inconsistent company information
Even though the website states that LDXA Trade is based in the UK, the Trustpilot and Sitejabber pages state that it is based in the USA. Inconsistencies in basic company information once again suggest that LDXA Trade is not a genuine organization.
If you want to share your review of this website, you can do so in the comments below or on my social media pages.
Conclusion
It seems evident that LDXA Trade and the identical website Tradingunitcompany are likely to be scams. There are several signs suggesting LDXA Trade is not a genuine investment platform. The website is new and is being operated anonymously, and the returns being promised are too good to be true.
Unknown owners are running the site since March 2023 and there is nothing to suggest that it is a legitimate business. The entire website content is fake and important pages such as Terms of Service are missing.
The website claims that LDXA Trade is operated by a company registered in the UK called ‘LDXA Limited’. However, I found that the company they are pretending to be was formed in 2012 while ldxa-trade’s website was created only in March 2023.
LDXA Trade has no social media presence and the address provided is fake. Only an email ID has been provided for support. Though the site has a large number of positive reviews on sites like Trustpilot and Sitejabber, these reviews show a pattern of being fake.
It is advisable to avoid investing with LDXA Trade and Tradingunitcompany as there are no reasons to believe that they are genuine investment platforms. As a general rule, never send crypto to strangers as it cannot be recovered.
How to Get Your Money Back from a Scam
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.
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.