Online Investment Platform
Is TradesInvestor Fake or Real?
Why Is TradesInvestor Fake?
TradesInvestor is a website which claims to be an online investment portal which can generate profits of 5%-7% per week. There is no relevant information given on the website about what kind of investments the company makes. The website claims that it has more than 17,000 users, but this number cannot be verified. It is likely to be fake as the platform is less than a month old.
A domain name lookup of the website shows that it was registered on 19th June 2020 in Abuja, Nigeria. The registrant name is given as Finance and General Investment LTD and the company name is Fagico LTD. When I looked up the phone number of the registrant in TrueCaller, it showed the name as King. The email ID of the registrant is given as firstname.lastname@example.org. This will be important later.
TradesInvestor claims that it is impossible to incur a loss by investing on the platform. This is a claim that no real investment company would make.
The website claims that the company is a registered entity. However, two different names for the company are given. I could not find registration details of either company online, which means that this information is fake.
TradesInvestor claims to be registered in UK and the text which makes this claim is identical to the text used by Pennywise Wealth Management. Pennywise was determined to be a scam, therefore, this casts a lot of suspicion on TradesInvestor.
There are multiple mentions of a referral program on the homepage, but no details regarding the commissions have been provided. It is also mentioned here that a minimum deposit of $50 is required. Only the interest amount can be withdrawn every weekend. To withdraw the entire amount deposited, investors have to wait at least 180 days. The platform’s dashboard shows that the withdrawal threshold is $1 – $10,000. The processing time is only given as 10.
TradesInvestor has a social media presence on Facebook, Instagram and LinkedIn. For a platform that claims to have onboarded 17,000 users in less than a month, there are very few people who are following the social media pages. The Facebook page has 30 likes and the Instagram profile has 0 followers. The LinkedIn page is a personal profile and not a company page. Instagram is also a weird choice of platform for an investment company.
The contact information provided is a phone number, email ID and address. The email ID was found to not be working when checked using MailTester. There are two different addresses given, located in Palmer, Massachusetts. One of them says Leverton Cove Road and the other says Leverton Cove Beach. Neither of them could be verified on Google Maps.
The email that I got after signing up on TradesInvestor mentioned that the company has been active since 2018. This is obviously a lie since the domain was only registered in June 2020.
The phone number, too, carries the area code of Massachusets. However, TrueCaller showed that the number is registered in Chesterfield and not Palmer, which is the town mentioned the company’s address.
TrueCaller also revealed that the phone provider is Onvoy. Onvoy, now known as Inteliquent, is an internet phone service provider, which means that the person operating the number does not need to be physically present in Massachusets. As the website is registered in Nigeria, it seems that the website owner is using a Massachusets phone number to give the impression that TradesInvestor in an American company.
I could not find any reviews for TradesInvestor on websites like Scamadviser and TrustPilot, probably because it is quite new.
I came across a question on Quora asking whether TradesInvestor is a scam. There is an answer by a user named Queen Takyria who claims to be a happy investor on the platform. The account seems to be fake as the user has answered only this question. Takyria is also the name which was given in the email ID used for domain registration. The image used by Queen Takyria also seems to be lifted from other sources. The user has given information about the investments made by Trade Investors which is mentioned nowhere on the website. This lends more credibility to the belief that Queen Takyria is an insider account.
The answer had one upvote by a user from Nigeria (probably the same person), which gives more proof that Trade Investors is a Nigerian website.
All the evidence suggests that TradesInvestor is a scam. The claim of 5%-7% weekly return is highly dubious. There seems to be fake information all over, such as the number of users, the registration information of the company and the number of years the platform has been active. The company is trying to pass itself off as American even though it originates in Nigeria, which is a country commonly associated with scams.
The contact information also seems to be fake. The address given is inconsistent and the email ID seems to be inactive. The phone number is from a VoIP provider which means that the user might not actually be located in Massachusetts. The social media followers are very less for a platform which claims to have gained 17,000 users in under a month. The only positive review available seems to be written by the website owner himself.
It is advisable to avoid investing with TradesInvestor, as it is extremely likely to be an HYIP scam.
How to Get Your Money Back from a Scam
Remember: If something seems too good to be true, it probably is.
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.