Frxtradermarket.com has been implicated in a cryptocurrency scam. The text on various pages is plagiarized from several other scam websites. The domain name for frxtradermarket.com was registered only 35 days ago at the time of this report. The company name listed on the website is not genuine. No social media accounts are associated with this project. A business address is conspicuously absent from the website, which is unusual for a legitimate operation. Many pages contain default content and placeholder text. Extensive research failed to uncover any credible reviews of this project. The website’s promise of guaranteed profits is deceptive; funds deposited are never returned. There are no customer support phone numbers provided. It is likely that the website is operated from abroad. What is a crypto investment scam?

❌ Copycat Content
❌ Fake Business Name
❌ No Address Found
❌ No Reviews
❌ No Phone Numbers
❌ Recently Registered
❌ No Social Media
❌ Unfinished Website
❌ Fake Profit Guarantee
❌ Foreign Company

Date of registration: January 10, 2024
Expiration: January 10, 2025
First detected: February 14, 2024
Registrar: NAMECHEAP INC www.namecheap.com
Hosted by: Namecheaphosting.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant and often implausible returns, sometimes assuring consistent daily or weekly earnings that can range from an enticing 5% to an astonishing 100%. These fraudulent schemes claim to employ a variety of sophisticated investment tactics, including trading, mining, or exploiting price differences in different markets (arbitrage), to produce these substantial profits. The true intent behind these deceptive platforms is not to engage in legitimate profit-making activities but rather to swindle and cheat investors who are often unaware of their schemes.

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To appear legitimate, these scams often feature fabricated testimonials and concocted success stories, weaving a web of false credibility. They may also entice participants with referral programs that promise even greater returns for recruiting additional investors into the scheme. It is important to recognize that genuine investment opportunities in the volatile and unpredictable crypto market cannot guarantee fixed, high returns, and such promises are a red flag for potential fraud.

Report Scams to Government Agencies:
Federal Trade Commission (FTC) – Submit a Report
Federal Bureau of Investigations (FBI) – Submit a Report
U.S. Postal Inspection Service (USPIS) –Submit a Report

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