The website Expert-iqtradefx.com has been identified as a fraudulent platform. It lures people in with the promise of substantial returns on their investments. However, once the investment is made, the fraudsters abscond with the money. The address provided for the business on the website is false. The scam was uncovered when the website was barely over three months old. The site lacks a customer service phone number, making it difficult for users to seek assistance. The content on the website is not original, as it mirrors that of other similar sites. Furthermore, the graphics used on the site do not accurately represent the product being sold.
An investment scam is a deceptive practice where fraudsters trick individuals into investing money with the promise of high returns. However, instead of investing the money as promised, the scammers disappear with the funds, leaving the investor with significant financial loss.