Consumers have flagged Coinsfxtrader.com as a dubious investment scheme. The site promises high returns on investments, but after depositing money, investors find themselves duped as the fraudsters disappear. The site doesn’t have any social media footprint. The site contains a plethora of unfinished pages, littered with default content and placeholder text. It claims partnerships that hold no truth. Stock images are employed for the products they purport to sell. The site had been live for 34 days at the time of this report.
Investment scams involve tricking people into placing their money in fraudulent enterprises. Scammers promise inflated returns and often disappear after collecting funds from unsuspecting investors.