Is OxfordPay Fake or Real?
Why Is OxfordPay Fake?
OxfordPay claims to be an investment platform. However, there is no information given regarding what kind of investments the company makes. Additionally, they promise unbelievable returns such as 3.3% to 4.4% per day. Such returns are highly unrealistic and indicate that OxfordPay might be a fraudulent scheme.
They also have a 5-tier 4%-2%-1%-0.5%-0.5% referral bonus system where members can earn from the deposits of their referrals, as well as deposits made by referrals of referrals, up to 5 levels. These kinds of commission systems are never found in real investment companies. Therefore, it the most obvious sign that OxfordPay is a pyramid scheme.
A domain name lookup of the website shows that it was registered on 30th January 2021. 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.
OxfordPay tries to appear legitimate by showing a UK company registration document on the website. However, these registrations mean nothing as they can be obtained in just 24 hours after paying £12, with no verification. Legitimate investment firms have to be registered with a financial regulator such as the FCA or PRA.
There is no original content on the website as all of it has been copied. The same text can be found on at least 111 sites, all of which may be scams. The list is given at the end of the article. This shows that the website has not been created by professionals.
There are some testimonials given on the website, but these are clearly fake as all of them are the same. They have been written by the website owners themselves.
There is also a list that apparently contains the names of users who have withdrawn successfully. Not only is this a violation of privacy, but it can also easily be faked as there is no way to verify the transactions.
OxfordPay does not seem to have any social media pages. The contact details provided on the website include an email ID and address. There is also a Telegram group. The address seems to be fake as it is incomplete. The email ID was found to be invalid when tested.
Therefore, the only way to contact OxfordPay is by using the Telegram group. Telegram groups are preferred by scammers as they provide anonymity.
No client reviews for OxfordPay could be found online.
It seems quite obvious that OxfordPay is a pyramid scheme. It is a new website that is being operated anonymously. There is no information provided about which kinds of investments generate profits for the company.
They are promising returns as absurdly high as 4.4% per day and have a 5-tier referral commission system. These facts suggest that the only source of income for OxfordPay is the deposits of investors.
The website implies that they are a legitimate firm as ‘Oxford Pay Ltd.’ is a registered company in the UK. However, real investment companies have to be registered with financial regulators such as the FCA or PRA.
It is advisable to avoid investing with OxfordPay, as it seems to be a pyramid scheme.
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 OxfordPay
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.