We have received a complaint about a scam perpetrated by the website cryptotradersfx.com. Below is a detailed account of the scam:

Details of the Scam:

• Scam Name: Crypto Traders FX
• Scam Website URL: cryptotradersfx.com
• Date of Incident: September 30, 2021
• Amount Lost: $2,000
• Cryptocurrency Involved: Bitcoin
• Transaction Hash: ST$_6nj4kk7eo1g1kt1e5877hz9k3

Description of the Incident:
The victim was contacted by someone impersonating their college friend on Instagram, using the handle @darkrosesbleed, which was hacked. The scammer convinced the victim to invest $2,000 in a Bitcoin mining scheme via CashApp. After transferring the money, the scammer continued to use the victim’s old Instagram account to target other potential victims.

Scammer’s Tactics:

1. Impersonation: The scammer posed as a trusted college friend to gain the victim’s confidence.
2. Hacking: The scammer hacked the victim’s Instagram account to make the scam appear more authentic and continued using it to scam others.
3. Fraudulent Promises: They promised significant returns from a bitcoin mining investment.

If Crypto Traders FX has scammed you, please share your story below. 

CryptoTradersFX.com Reviews

CryptoTradersFX.com has been identified as a fraudulent investment platform. This website claims to offer high returns through crypto mining, but several indicators suggest it is a scam.

One of the most significant red flags is the mismatch between the website’s URL, which implies forex trading, and its claims of generating profits through crypto mining. This discrepancy alone is suspicious. Moreover, CryptoTradersFX promises ludicrously high returns, as much as 3,000%. Such unrealistic promises are a classic hallmark of scams designed to lure in unsuspecting investors with the prospect of quick, substantial profits.

The website also claims to be registered in the UK, but no registration details are provided. A domain name lookup reveals that CryptoTradersFX.com was registered on March 30, 2022, and all registrant details are hidden using a privacy guard. This anonymity is typical of fraudulent sites aiming to evade accountability. Despite its recent registration, the site falsely claims to have been active since 2013, a lie intended to create a false sense of credibility.

The site is poorly made and uses a cheap template, which is common among fake investment platforms. Content analysis shows that the text on CryptoTradersFX.com has been copied from at least 456 other websites, all likely operated by the same scammers. This widespread duplication further discredits the site’s authenticity. Additionally, client testimonials on the site are fabricated, featuring stock photos and fictitious names used on several other scam websites.

CryptoTradersFX.com lacks a genuine social media presence, and the contact details provided are fake. The phone number listed is a VoIP line that can be operated from anywhere in the world, and it is registered in the USA, despite claims of UK registration. The use of anonymous communication methods like WhatsApp further indicates an attempt to conceal the identities of those behind the scam.

Bottom Line

Given these numerous red flags, it is clear that CryptoTradersFX.com is a scam.

If you have been scammed by CryptoTradersFX.com or have any information about similar incidents, please share your story in the comments below or contact the relevant authorities. Sharing your experience can help raise awareness and prevent others from being scammed. Stay vigilant and protect yourself from online fraud.