Trade4xpert: reviews on payouts in 2022
Customer Dissatisfaction with Trade4xpert: Examining the Facts
Trade4xpert invites both novice investors and professional traders to take advantage of its services. The platform ensures quick transaction completion, access to a wide range of trading assets, and generous bonuses. However, detailed positive reviews about working with Trade4xpert are not found. Let’s explore why the company’s clients are dissatisfied with the cooperation results.
Full Site Analysis and Key Information
The brand and trading platform of Trade4xpert belong to the company White Wolf Investments registered in Saint Vincent and the Grenadines. The organization was founded in December 2021, making it a relatively new player in the market. The website trade4xpert.com was registered in March of the same year. This explains the limited amount of user feedback due to the company’s short presence in the trading market.
Several factors point to serial scams associated with companies registered offshore. Trade4xpert is not an exception:
- Registration of the parent company through an intermediary, concealing the true owners;
- Rather crude and hasty website design;
- Hidden domain owner data in the Whois database;
- Absence of company accounts on social networks and messengers;
- Lack of educational materials and filling sections with standard content;
- Absence of details in legal documentation (founders’ data, address, banking details).
By analyzing the provided contact phone number on the site, 1-718-488-5710, it was revealed that it belongs to a New York road service.
Evidently, the content preparation for the site was superficial and does not meet quality standards. The rushed project launch process and attracting novices to cooperation were clearly observed.
In the company’s documents section, another contact phone number is listed (+447438239832), which was recently associated with the pseudo-broker OniroFX. The website structure of both similar companies is identical, indicating that they are products of the same fraudulent entity.
Currently, OniroFX accounts are blocked due to numerous complaints and negative reviews. However, Trade4xpert seems to be gearing up to take over in deceiving clients for their money.
Licensing and Regulation
White Wolf Investments does not have a brokerage license issued by the government regulator of Saint Vincent and the Grenadines for conducting brokerage activities. The islands have completely halted the licensing and regulation process of such organizations. Therefore, the broker must obtain a license from the regulator in the country where it provides its services.
Despite the absence of a Russian-language interface, Trade4xpert serves Russian clients (as confirmed by emerging reviews). However, do not expect scammers to have obtained a license from the Central Bank of Russia.
Account Types and Bonus Program
The company offers a total of five account types, presumably to cater to investors with different experience levels. However, except for minor differences in the minimum deposit amount, the accounts are nearly identical. The main conditions are almost the same:
- Access to mobile, desktop, and web versions of the Web Trader platform;
- Maximum leverage of 1:400;
- Minimum trade size of 0.01 lot;
- No restrictions on the number of open trades and total amount;
- No account maintenance fees.
Users willing to invest substantial funds in Gold and VIP accounts are promised personalized manager support, free trading signals, and several additional benefits that do not affect the outcome.
Like many similar pseudo-brokerage organizations, Trade4xpert actively implements a bonus imposition system. To withdraw funds, the client must execute a minimum trading turnover of $20,000 for each bonus dollar (bonus can be up to 50% of the deposit amount). Thus, clients are pressured to open new trades, leading to a reduction in their own deposit.
Trade4xpert Reviews: User Reports
No negative reviews or comments about the company are found in foreign sources. Regarding Russian users, information about Trade4xpert remains relatively unknown, but initial reviews are emerging.
If anyone has any experience interacting with the company, feel free to share your opinions in the comments.
Trade4xpert: Scam Scheme for Novice Traders
The scammers behind projects like Trade4xpert and their counterparts usually resort to similar actions. They meticulously examine databases of potential clients or actively seek victims on social networks. The main goal of fraudsters in this process is to convince people to register and start trading on the Trade4xpert platform.
Each client’s action is monitored by a personal analyst. They diligently strive to gain trust, but the ultimate goal remains to extract money from partners. Scammers systematically push for account replenishment: for paying various fees, switching to other tariffs, insuring the account, and more. As a result, the client cannot withdraw funds, as their actions are limited by the terms of the bonus program.
Victims of fraud may lose significant sums of money before their accounts are suddenly blocked without explanation. Retrieving lost funds is nearly impossible, as scammers mostly operate from abroad, making prosecution impractical. With a growing number of negative reviews, the initiative shuts down, only for a new site with a new pseudo-broker to emerge shortly after.
Counteraction: Avoiding Deception with Trade4xpert
Trade4xpert is a fictitious, deceptive broker project run by scammers. The company lacks any licenses or other authorizations on the international market. There are testimonies from deceived clients confirming that Trade4xpert is a fraudulent scheme. It is not worth risking investments and relationships with such companies.