Forextrasmarttrading.com, a recently launched website, has been identified as an investment scam. The company promises substantial returns on investments, but once the money is invested, the scammers disappear. Despite its promises, the company lacks a presence on major consumer review platforms, and there’s no evidence of any social media followers. The website itself is riddled with unfinished pages featuring default content and placeholder text. The domain’s age also raises suspicion as it’s only 30 days old at the time of reporting. Another red flag, no customer service contact information is provided on the site.
An investment scam involves a fraudulent scheme where individuals are enticed to invest their money with the promise of high returns. However, instead of investing the money as promised, the scammer absconds with the funds, leaving the investor with significant losses.