Am-fxt.com

Forex scam

https://am-fxt.com

Analysis

Reports suggest that the website am-fxt.com falls under the category of forex scams. The site, merely 26 days old at the time of discovery, lacks a visible customer service contact number. The business location mentioned on the site is a fabrication. Furthermore, the company’s name does not appear in the state business registry where it purports to be based. Their proclaimed online partnerships also appear to be spurious. Our investigation revealed numerous incomplete website pages, rife with default content and filler text. The company has no social media presence whatsoever. It entices investors with the allure of substantial profit margins on their initial investments, only for the swindlers to abscond with the deposited funds.

Forex scams involve fraudulent activities in the foreign exchange market. Scammers deceive investors with attractive returns on investments, absconding with the deposited money once the investor falls into their trap.

Video explanation

Red Flags

Fake address

Fake business name

Fake partnerships

Recently registered

Unfinished website

Missing Information

No phone numbers

No social media

Scam Explainer

A Forex scam is a fraudulent scheme. It is used to trick individuals who are trying to make money through foreign currency exchange, also known as Forex. These scams usually promise high profits with minimal risk. Scammers use different ways to lure their victims. They may use professional-looking websites, advertise on social media, or even conduct seminars. These scammers often claim to have special trading systems or inside information that guarantees success. Most people who fall for these scams lose their money. This happens when the scammer disappears after collecting funds or when the promised profits don't materialize. Forex scams can be difficult to spot because they often look like legitimate investment opportunities. Always be careful with your investments. Never invest money you can't afford to lose. And, do thorough research before investing in Forex. If a deal sounds too good to be true, it probably is.