Istockmarkettrade.com
Analysis
Istockmarkettrade.com, a recently established website, is orchestrating a forex scam. The domain name, only 142 days old at the time of reporting, lacks a customer service phone number. The business address listed on the site is fictitious, and the company is not registered in the state it claims to operate from. The company’s absence on social media platforms raises further suspicions. Investors are enticed with the promise of high returns on their initial investment, but the deposited money is swiftly taken by scammers who then disappear.
A forex scam is a fraudulent investment scheme where scammers promise high returns on foreign currency trading. They lure investors, take their money, and then disappear without a trace.
Red Flags
Fake address
Fake business name
Recently registered
Missing Information
No phone numbers
No social media
Scam Explainer
Forex scams involve false promises of high returns from foreign currency trading. Scammers often pose as experienced traders or investment firms. They lure victims with promises of quick wealth and financial independence.
These fraudsters use sophisticated marketing tactics. They create professional-looking websites and produce convincing promotional materials. They may even show fake trading records.
Scammers typically ask for an upfront investment. They claim this money is necessary for buying foreign currencies. Victims are then led to believe their investments are growing based on false profit reports.
Eventually, when victims try to withdraw their supposed profits, they find out the truth. Their money is gone, and the scammer has disappeared.
Latest investigations
Fake stores
Openairdealus.com
Reports have surfaced that Openairdealus.com is nothing more than an elaborate sham. The website’s content isn’t original and the products it lists are far from genuine. The materials used in the manufacture of these items are of inferior quality, posing potential hazards to users. Furthermore, the images shown on the site fail to accurately represent […]
Pet scams
Frenchiecompanions.com
Frenchiecompanions.com raises suspicions of pet fraud. A false online address serves as the business location. The company name that the website purports to use lacks registration in the purported state of operation. Site images misrepresent the actual products. Uncovered was the scam when the website aged only eight days. The site lacks a customer service […]
Fake stores
Broadswordwargamingus.shop
Broadswordwargamingus.shop has been flagged as a scam, seemingly operating on fraudulent terms. The website, having been registered merely 30 days ago, is relatively new. Interestingly, there’s no customer service contact, such as a phone number, provided on the website. Its content isn’t unique, instead, it appears to have been duplicated from similar web pages, casting […]
Investment scams
Estocktraderfx.com
Consumers have flagged Estocktraderfx.com for executing an investment fraud. The website, recently established, is merely 141 days old at the time of this report. It lacks a customer service contact number and any social media profiles. The company is also absent from well-known consumer review platforms. They promise high returns on investments, but after you […]
Investment scams
Savanatrade.com
Savanatrade.com stands accused by its users of orchestrating an investment scheme. The users were lured with promises of significant returns on their investments. Rather than see these returns, they saw their money disappear as the fraudsters fled. The company’s online footprint is negligible, their social media accounts are practically invisible. A thorough examination of their […]
© 2022 Marketing Space LLC - All Rights Reserved