Fake trading companies review: Is Fake trading companies legit or Scam?

Fake trading companies review: Is Fake trading companies legit or Scam?

Fake trading companies are websites that claim to offer online trading services, such as forex, crypto, stocks, or commodities, but are actually scams that aim to defraud unsuspecting investors. These websites often use fake testimonials, trading records, or credentials to lure people into depositing money and then disappear or deny withdrawals. Some of them even impersonate legitimate brokers or platforms by using similar domain names or logos. In this blog post, we will review some of the most common fake trading companies, how they work, and how to avoid them.

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How Does Fake trading companies work?

Fake trading companies usually operateFake trading companies review in one of the following ways:

  • They create a fake website that looks like a real trading platform or broker and ask users to register and deposit money. They may offer attractive bonuses, promotions, or guarantees to entice users. They may also show fake trading results or charts to make users think they are making profits. However, when users try to withdraw their money, they either encounter technical problems, delays, fees, or other excuses. Alternatively, the website may simply shut down or become inaccessible.
  • They create a fake version of a legitimate website or app and trick users into entering their login details or other personal information. They may use phishing emails, ads, or links to direct users to their fake site. They may also use malware or spyware to infect users’ devices and steal their data. Once they have access to users’ accounts, they may transfer their funds to their own wallets or accounts.
  • They contact users via phone, email, social media, or other channels and pretend to be representatives of a real trading platform or broker. They may offer users some investment opportunities or advice and ask them to deposit money into their accounts. They may also ask users to verify their identity or payment details by sending them codes, passwords, or documents. Once they have users’ money or information, they may stop communicating with them or ask for more.

Fake trading companies Review

To help you identify some of the fake trading companies that are operating in 2023, we have compiled a list of some of the most notorious ones based on our research and user feedback. Here are some of the fake trading companies that you should avoid at all costs:

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Is Fake trading companies legit or scam?

Based on our review, we can confidently say that fake trading companies are scams that should be avoided at all costs. They are not regulated by any reputable authority and do not provide any legitimate service. They are only interested in stealing your money and personal information. They use various tactics and tricks to deceive you and make you think they are trustworthy. However, they will never let you withdraw your money or access your account.

What customers are saying

Here are some of the testimonials from customers who have fallen victim to fake trading companies:

  • “I deposited $500 with 24FX after seeing their ads on Facebook. They promised me a 100% bonus and a personal account manager. I started trading with them and made some profits. However, when I tried to withdraw my money, they asked me for more documents and fees. I sent them everything they asked for, but they still did not process my withdrawal. They stopped answering my calls and emails. I realised I had been scammed.” – John, UK
  • “I registered with 24options after receiving an email from them. They offered me a free demo account and a trading robot. I was impressed by their platform and their customer service. I decided to deposit $1000 with them and activate the robot. The robot seemed to work well and generated some profits. However, when I wanted to withdraw my money, they told me I had to deposit more money to unlock the withdrawal option. I refused to do that and asked for a refund. They ignored my request and blocked my account. I lost all my money.” – Maria, Spain
  • “I signed up with 4XP after seeing their website. They claimed to be a reputable and regulated broker with a lot of awards and recognition. They offered me a variety of trading platforms and accounts. I chose the standard account and deposited $2000 with them. I started trading with them and made some profits. However, when I tried to withdraw my money, they told me I had to pay a 10% commission fee. I paid the fee, but they still did not process my withdrawal. They asked me for more fees and documents. I realised they were scamming me and reported them to the authorities.” – Ahmed, UAE
  • “I joined 770capital after seeing their website. They claimed to be a Swiss broker with a lot of experience and expertise. They offered me a lot of trading instruments and platforms. I chose the crypto platform and deposited $3000 with them. I started trading with them and made some profits. However, when I tried to withdraw my money, they told me I had to pay a 20% tax fee. I paid the fee, but they still did not process my withdrawal. They asked me for more fees and documents. I realised they were scamming me and contacted the FINMA.” – Anna, Switzerland
  • “I opened an account with Absolute Markets after seeing their website. They claimed to be a global broker with a lot of features and benefits. They offered me a lot of trading instruments and platforms. I chose the forex platform and deposited $4000 with them. I started trading with them and made some profits. However, when I tried to withdraw my money, they told me I had to pay a 30% withdrawal fee. I paid the fee, but they still did not process my withdrawal. They asked me for more fees and documents. I realised they were scamming me and contacted the FSA.” – James, USA
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Benefits of Fake trading companies

There are no benefits of fake trading companies, only risks and losses. Fake trading companies are scams that do not provide any real service or value. They only exist to cheat you out of your money and personal information. They do not have any regulation, security, or transparency. They do not have any customer support or protection. They do not have any reputation or credibility.

Fake trading companies website (URL)

Fake trading companies do not have any official or legitimate website or URL. They only use fake or cloned websites or URLs that look like real ones but are actually fraudulent ones. They may use similar names or logos as real ones but have slight differences in spelling or domain extensions.

Fake trading companies: final verdict – worth it or not

Fake trading companies are not worth it at all. They are scams that should be avoided at all costs. They do not offer any opportunity or benefit for online trading or investing. They only pose a threat and danger for your money and personal information.

Summary

Fake trading companies are websites that claim to offer online trading services but are actually scams that aim to defraud unsuspecting investors.

They use various tactics and tricks to deceive users into depositing money and then disappear or deny withdrawals.

Some of them even impersonate legitimate brokers or platforms by using similar domain names or logos.

We have reviewed some of the most common fake trading companies, how they work, and how to avoid them.

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We have also provided some testimonials from customers who have fallen victim to fake trading companies.

We have concluded that fake trading companies are scams that should be avoided at all costs.

They do not provide any real service or value.

They do not have any regulation, security, or transparency.

They do not have any customer support or protection.

They do not have any reputation or credibility.

FAQs

Here are some frequently asked questions about fake trading companies:

Q: How can I tell if a trading company is fake or real?

A: There are some signs that can help you identify if a trading company is fake or real:

  • Check the website address carefully and look for any spelling errors or unusual domain extensions.
  • Check the website design and content and look for any grammatical errors, outdated information, or low-quality images.
  • Check the contact details and look for any physical address, phone number, email address, or social media accounts.
  • Check the regulation status and look for any license number, registration number

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