FinTrade Global Scam Scheme
Legends circulate about FinTrade Global scammers promising huge profits and a team of analysts guaranteeing solid success. But in reality, there are no reviews about them online, and the platform has only recently started operating. Clients’ money ends up in the pockets of the company’s employees, and today we’ll explore how they deceive traders.
Main Information about FinTrade Global: Document Analysis
The project organizers rely on trust or gullibility of clients, otherwise how to explain that the website fintradeglobal.com looks empty?
The scammers have been operating since 2015, but the domain fintradeglobal.com was registered only in August 2020, so there are no reviews yet.
The company’s statistics are also suspicious. FinTrade Global serves 12 countries, but the website is available only in English. And the promised thousands of satisfied customers for such an extensive geography sound highly unlikely.
The fraudsters claim to have over 30 awards, but they are not visible anywhere. FinTrade Global managers not only hide the awards but also their faces.
The scammers’ office is located at: Office No. 66, 4th Floor, Sushma Infunium, Chandigarh Ambala Highway. Zirakpur 140603. In fact, they do not occupy this building.
Some information about their specialization in software development can be found on Google, but the details remain unknown.
The regulatory body Securities and Exchange Board of India has not issued any licenses, so their activities are illegal.
The alleged representation of FinTrade Global in Dubai also turned out to be unlicensed.
Trader rights are completely ignored as the company does not provide any internal documentation to users.
Icons of popular social networks in the website footer redirect back to the site.
Methods of Attraction by Scammers: Conditions Review
The scammers offer their clients trading in stocks, currency pairs, and cryptocurrencies.
They claim that earning with them is simple – just register, invest, and wait for a miracle.
There is a “Business Plan” tab on their website, showing screenshots that strongly resemble online casino advertisements (the logos on the pictures also do not match).
The information is presented unclearly, but it is known that the minimum deposit is $100.
There is also a special rewards system where 1% of the company’s turnover is distributed among the best clients. The criteria for success remain a mystery.
There are also certain rules that the thieves follow. Some of them are contradictory:
- 10% of your profit goes to administrators,
- payments are accepted only in bitcoins (to make tracking more difficult),
- the deposit is not refundable.
Reviews of the FinTrade Global Scam
Positive reviews exist only on their own website. There are no real reviews yet, as the project is quite new, and victims have not shown interest in it yet.
As soon as there are real reviews, we will update our article.
Essence of the FinTrade Global Scam
FinTrade Global company calls itself a currency broker, but in reality, it is just a pyramid scheme that survives through a referral system (clients are encouraged to invite friends, promising them dividends, but then declare bankruptcy).
No one will pay here. Trading on their platform is pure fiction, as every move you make is controlled by scammers, and they are ready to write off your deposit at the first opportunity.
Turning to the police is useless because scammers prefer cryptocurrencies and hide their identities. Traders are left with lost money.
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Review Conclusion
It is immediately evident that this is a typical scam that has not long to live. Soon, unhappy clients will realize they’ve been hooked and will start sharing negative reviews. And then the project creators will disappear, taking their hard-earned money with them.
