Dishonest Approach: Reviews about Logatom Trade Scammers
While many were struggling to find financial opportunities during the quarantine, scammers from Logatom Trade wasted no time. They promptly created a deceptive mechanism adorned with fake reviews.
To add credibility, the scammers at “Logatom Trade” even included several stock photos on their website and invented awards. How long will the company continue its activities and what new schemes will they devise for future victims? The answers to these questions are presented in our review today.
Information on Logatom Trade Manipulations
Information suggests that the suspicious structure “Logatom Trade” belongs to the secretive holding Logatom Trade LTD, registered in an offshore jurisdiction at: Office building P.O. Box 4210, VC0120, Granby Street, Kingstown, St. Vincent & the Grenadines.
The scammers emerged in the online space in 2018, obtaining a license from the Financial Services Authority of Saint Vincent and the Grenadines (registration number – 26568 IBC 2018) in March. Paradoxically, there is no information about the new dealer on the regulator’s official website.
Another inconsistency is related to the age of the domain. The site logatomtrade.com appeared only in December 2020. It was at this time that scammers began filling forums with fake recommendations. Even a paid publication appeared on Medium dedicated to the fabricated successes of “Logatom Trade.”
The company was founded by Markov Johannes Danilovich (their imagination is clearly richer), and investment management is handled by Saveliev Oleg Alexandrovich. In photos, they seem like decent people, but the problem is that they are fictional characters of scammers.
In the contact information of Logatom Trade, a phone number with the Russian Federation code is indicated (+74951452394), which has already attracted numerous negative reviews. Company employees persistently call potential clients, aiming to extract money from them.
In the “Terms and Conditions” document, the scammers allegedly promise to keep your funds in separate bank accounts, exchange encrypted messages, and insure your funds in case of unforeseen circumstances.
However, the company shifts responsibility, attributing losses to the clients. Something seems amiss here?
Logatom Trade Account Options
Logatom Trade offers traders a wide range of assets:
- currency pairs,
- commodities,
- stock indices,
- cryptocurrencies.
Clients have access to 4 types of accounts: “Starter,” “Standard,” “Classic,” “Platinum.” You can open an account starting from $3,000. In return for this decent sum, you will receive a leverage of 1:200 and free training.
Those willing to invest $50,000 USD consider themselves entitled to a 30% bonus and account protection.
Client Manipulation: Logatom Trade Techniques
Scammers target potential victims on dating sites. Under the guise of attractive ladies, company managers skillfully persuade gullible clients by telling them stories about a distant relative who became wealthy thanks to cooperation with “Logatom Trade.” If a trader shows interest, they are immediately asked to fund the account. For those who currently lack funds, scammers have devised a loan scheme.
Initially, scammers inflate your deposit and then start pressuring you with your own savings. They start talking about taxes, commissions, and expenses, threatening that you will lose everything if you do not repay the debt.
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Conclusions
There are no real opportunities to work with “Logatom Trade.” They promise you mountains of gold and then ruthlessly strip you of everything, leaving you high and dry. Interacting with this company is dangerous, so stay far away from Logatom Trade!
