Fxtradepremium.com has come under scrutiny for perpetrating a cryptocurrency scam. Strong evidence indicates that the operation is based in a foreign country. Many pages on the website are filled with placeholder content, signaling incompletion. The site’s profit guarantee is fraudulent; users who deposit funds do not receive any returns. A legitimate website typically lists a business address, but none can be found on any page of this site. The language on various pages is copied from other known scam websites. The domain name was registered a mere 33 days ago, which raises suspicion. Customer support seems to be non-existent, as there are no phone numbers provided. Verified reviews for this project are nowhere to be found. The company name listed on the website is fictitious, and no associated social media accounts have been identified. What is a crypto investment scam?

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

Date of registration: December 27, 2023
Expiration: December 27, 2024
First detected: January 29, 2024
Registrar: Upperlink Limited
Hosted by: Whogohost.com
Ownership: Unknown

What is a crypto investment scam?

Cryptocurrency investment scams lure individuals with the promise of exorbitant and often implausible returns, frequently assuring consistent daily or weekly profits. These schemes are typically orchestrated by entities based in foreign countries, which complicates the efforts of law enforcement to pursue the perpetrators and complicates the process of retrieving the stolen funds due to jurisdictional limitations. To build credibility among prospective investors, some of these fraudulent operations may initially disburse a small amount of money as a supposed return on investment.

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This strategy is deliberately designed to create an illusion of a trustworthy and profitable venture, thereby convincing investors to increase their stake. However, these early disbursements are not the result of any genuine investment strategy; they are merely part of the scam to draw investors deeper into the scheme, ultimately leading to larger financial losses when the fraud is eventually exposed.

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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