Rethinking Scam Projects

Surviving scam projects is short-lived. Scammers have to rethink their actions and come up with a new disguise. Usually, fraudsters only change their symbolism, leaving the tales, deal conditions, and even contact details the same. A deep analysis will help recognize the deception and avoid financial losses. However, swindlers target the gullibility and naivety of clients. The authors of Baseprotrade followed the same path, as we will discuss further.

Company’s Strategic Essence

Baseprotrade claims that the client is their best friend. The founders of this brokerage firm claim that this approach allowed them to cover a wide geography, creating a network of representations and a client base. According to the description, the broker collaborates with users from more than 196 countries, and multilingual support operates in 30 languages. According to the information on the website, the company has 45 years of experience. However, reality exposed all these statements.

The site baseprotrade.com has been active since March 2023 and has no reviews yet. Perhaps the scammers kept this a secret.

The absence of reviews is convenient for fraudsters who can freely promote their services and deceive newcomers.

The provided email address and phone number turned out to be fictitious. We found out that the same number is indicated on the Investing Capitals website – yet another fraudulent company with negative reviews.

The tainted reputation prompted scammers to intensify the promotion of Baseprotrade. They haven’t even managed to change the company name everywhere.

Legal Documentation

On the Baseprotrade Investing Capitals clone site, it was mentioned that the company is registered in the UK, but this information disappeared during rebranding. Scammers do not indicate the presence of a registration certificate and license.

We checked the register of the British regulator and found out that Baseprotrade is a fake. Swindlers provide services illegally and do not bear financial responsibility.

Baseprotrade has created internal documents with cooperation terms. However, the rules are aimed only at the benefit of the project creators. For example, they can cancel deals or terminate the contract unilaterally.

Conditions for Successful Investing

Baseprotrade suggests starting with a demo account. But it’s not for familiarizing with the functionality, but rather for attracting newcomers. After this bait, agitation for investments begins. The proposal features include:

6 tariff plans from 250 to 1,000,000 dollars;
training, support, and economic calendar;
available currency pairs, CFDs, metals, stocks, indices, and energy resources;
algorithmic trading;
leverage up to 1:200;
up to 75% spread discounts;
zero balance replenishment commissions;
in some plans – a dedicated portfolio manager, assistance in creating a trading strategy, Trading Central signals, staking, personal communication channels.

There are no reviews on the financial discipline of Baseprotrade, but without a legal basis, success chances are slim. Scammers won’t let you even get your initial investments back.

Project Reviews

Currently, there are no reviews about Baseprotrade. However, considering the active promotion, the situation may change. Share important facts about the company, it will help others avoid capital losses.

Intrigues of the Fraudulent Scheme

Baseprotrade promises newcomers a low entry barrier, education, and qualified support. But their goal is to lure the victim onto the web platform and block the account after depositing real money. The investor will be accused of illegal actions.