Hello everyone,

Today we are discussing ET Trading, a platform found at et16.trading, which has recently come under scrutiny for potential scam activities.

Et16.trading: An Overview

Registered in March 2023 through Cloudflare for a year, et16.trading positions itself as a cryptocurrency investment platform. It allows users to engage in buying, selling, and holding over 185 cryptocurrencies. The website is accessible in English, Japanese, and Chinese, aiming to cater to a global audience.

Red Flags and Concerns

– Website Traffic and Reliability: Despite ET Trading’s claims of having a substantial global customer base, the website reportedly receives minimal traffic. This discrepancy raises questions about the authenticity of their user statistics and overall credibility.
– Security Claims: ET claims to offer robust security measures and boasts of a breach-free history. However, without third-party verification or a well-established reputation, such assertions remain unsubstantiated and should be approached with skepticism.
– Testimonials and Stock Images: The website features testimonials that, upon closer inspection, turn out to use stock images. This misuse of generic photos to fabricate customer feedback is a common tactic employed by fraudulent sites to create a false sense of trustworthiness.
– Domain Age and Copyright Discrepancy: The domain’s recent registration contradicts the website’s copyright line, which dates back to 2016. Such inconsistencies often indicate a hastily set-up operation, commonly seen in scam setups.
– Lack of Transparency: The absence of clear contact information, except for a basic contact form, and the use of a separate domain for login purposes (t.et16.xyz), further add to the opacity surrounding ET Trading’s operations.

Third-Party Evaluations

– Scamadviser’s Low Trust Score: Scamadviser.com gives et16.trading a low trust score of 22 out of 100, categorizing it as potentially risky. This assessment is based on several factors, including the owner’s hidden identity, low visitor count, involvement in high-risk cryptocurrency services, and the use of anonymous payment methods.

Conclusion: Exercise Caution

In light of these findings, potential investors should exercise extreme caution when dealing with et16.trading. The platform exhibits multiple red flags typical of online scams, including a lack of transparency, fabricated testimonials, and questionable claims about user base and security.

As always, thorough research and due diligence are crucial before engaging with any online investment platform, especially one as newly registered and as opaque as ET Trading.

Stay safe, stay informed, and prioritize your financial security when exploring online investment opportunities.