Negative Signs of Fake Projects
Fake projects are characterized by a lack of reviews online, absence of legal foundation, and concealment of information. They arise quickly and frequently.
Our review subject is the company Trade.UG. It is a fraudulent scheme that has only recently been launched, hence you may not be familiar with it.
Trade.UG Review: Information on Legal Documents
On the Trade.UG website, you will find a statement about creating a cryptocurrency community with a secure and convenient trading platform. Despite the absence of negative reviews, we doubt the project’s reliability.
Unlike reputable companies that substantiate their promises with facts, Trade.UG uses beautiful yet empty phrases unrelated to reality:
- High performance – the platform promises to process up to 10,000 transactions per second,
- Enhanced security – around 95% of currencies are stored in cold wallets, and thanks to the protective web application screen, all hacker attacks are blocked,
- Expanded interface – using a single-page application that is not overloaded with elements.
Trade.UG is a fraudulent company that seeks to impress and convince users of its reliability, which, however, cannot be accepted. The absence of a legal foundation for Trade.UG confirms this.
Contact Information for Trade.UG
The office address for Trade.UG is listed on the website: trade.UG Financial Company OÜ Sepise tn 1 Lasnamäe linnaosa, Tallinn Harju maakond 11415. However, this address is fictitious, and in reality, there is no representation of the cryptocurrency exchange here. Many financial fraudsters use such fake coordinates, leading to negative reviews from customers.
There is no information about the Trade.UG support service. Despite the promise of 24/7 support, operators of Trade.UG could not be reached for necessary information. Perhaps scammers use temporary SIM cards to communicate with potential victims.
Reviews and Scam Scheme in Trade.UG
Currently, no reviews of cooperation with Trade.UG have been found. If you have experience working with this cryptocurrency exchange, share it with other users. Your review could be important for other users.
Trade.UG employs a well-known scam scheme, attracting traders to deposit funds but imposing numerous obstacles for fund withdrawals under various pretexts, such as refusing verification, violating agreements, and demanding payment of fake taxes or fees.
Overview of Trade.UG Examination
Trade.UG is another fake company. Lack of registration and license, superficial reviews, and dishonest terms make them unreliable. Avoid engaging with this company!
I am utterly dissatisfied with the broker’s work as there seem to be a lack of transparency, poor customer service, and inconsistency in trade.UG’s operations, as reflected in several reviews.