Action plan to prevent fraud
Every cunning fraudster eventually faces criticism in reviews. However, before this moment, nine out of ten fraudulent companies manage to deceive many people. Therefore, we strongly recommend always being vigilant and conducting a thorough analysis of commercial offers, internal rules, saved documentation, and reviews. Nevertheless, some cunning scammers deliberately restrict access to their website for unauthorized users. One of such platforms is speedtradingplatform.com. In this analytical review, we will shed light on this issue.
Main features of the pseudo-broker platform
The official website speedtradingplatform.com is an elementary single-page site with a subscription form and input field for account details. No substantiated information about the company on the platform is available. Information such as:
- company creation date;
- names of management personnel;
- rules and regulations;
- legal basis for providing brokerage services;
are not provided. Consequently, potential clients have to act in haste. According to reviews, the company promotes itself through social networks, distributes promo codes, and implements an aggressive marketing strategy. Investors, confident in their ability to increase income on speedtradingplatform.com, subscribe to this platform.
An analysis of the whois system has revealed that the scammers’ website has been active since March 31, 2023. This is a recent establishment around which discussions among real consumers have just started to intensify.
According to the special service similarweb report, the following facts were uncovered:
- owner information of the website is concealed;
- the hosting organization’s trap chosen by the project authors often becomes favorable to scammers;
- IP address traced in Amsterdam, Netherlands.
As the contact information is absent on the platform, it is difficult to reach out to speedtradingplatform.com managers for clarifying up-to-date information. Liars prefer to stay in complete shadow – another noteworthy sign of a secondary “kitchen.”
Legal nuances
User reviews indicate that the company started its operations in the United States and is currently gradually expanding its geographical presence. There has been no confirmation from the company regarding the legality of its operations. Based on reviews, the broker acts arbitrarily and is only interested in financial fraud.
A check on the presence of speedtradingplatform.com in the US regulator’s database yielded no results. No information about our story’s hero on www.sec.gov was found.
This also applies to regulation in the Russian-speaking segment. The broker has not obtained permission from the Central Bank of Russia, the National Bank of Belarus, and the Agency of the Republic of Kazakhstan for regulating and developing the financial market. The only thing preventing the scam classification is its short time in the market.
Platform visitors’ reviews
At the time of the expert review writing, only one authoritative review about cooperation with speedtradingplatform.com was noticed on the global network. The user conveyed that it is another financial carousel that tricked funds from someone they know, and does not recommend investing money in such projects.
Fraud strategy
Fraudsters at speedtradingplatform.com seek to gain the trust of newcomers. They call potential clients or themselves search for contact with presumed victims on online platforms. They offer trading on an advanced trading platform, professional assistance, and promise confidential strategies for maximum profitability. To make the accountant feel special, they receive a promo code for activation. Thus, the process of accessing the web platform becomes simplified.
According to estimates, the initial impression of trading experience on this platform is usually positive. However, when it comes to withdrawing profits (especially with large amounts), the depositor faces the need to pay inflated commissions and insurances, which can amount to up to 50% of the withdrawal sum. If the client refuses, their account will be instantly blocked, and if agreed, they will further deepen their debt obligations. In any case, scammers will not allow funds to be withdrawn from the platform. Sooner or later, they will block access to the personal account and cease contact.
Summary of analytical review
We want to warn against subscribing to speedtradingplatform.com and alienating funds to this firm. Cooperation with a fake broker will result in zero returns. From the very beginning, the organization prefers secrecy and does not wish to honestly fulfill its financial obligations. Considering the absence of legal justification for its activities, there is no access to liquidity providers.
