In recent weeks, we have received numerous reports of users falling victim to a sophisticated cryptocurrency scam involving the website tradepropel.com. One particularly alarming case involves an individual transferring a staggering amount of Bitcoin from their Coinbase account to this fraudulent platform.

The complainant reported that they could not withdraw any funds from their account on tradepropel.com after making these transfers. This inability to access their money and substantial financial loss has raised serious concerns about the platform’s legitimacy. Like many others, the affected individual trusted this site with their investments, only to find themselves locked out and their funds seemingly vanished.

Tradepropel.com presents itself as a legitimate trading platform, promising lucrative investment returns and boasting an impressive array of trading tools and services. However, this user’s experience paints a starkly different picture. The website’s operators appear to have exploited the trust of their users, luring them in with promises of high returns and then disappearing with their investments.

Domain Analysis

The domain tradepropel.com was registered on April 4, 2023, with NameSilo, LLC as the registrar. Its registration status is set to expire on April 4, 2025, indicating it is relatively new. This domain is protected by PrivacyGuardian.org LLC, which masks the true identity of the registrant, making it challenging to determine who owns the domain and raises potential red flags about transparency.

The domain is hosted by Data Room, Inc., with an IP address in New York, United States. However, the reverse DNS lookup of this IP points to topfinancefx.com, which could suggest a connection to other financial or trading-related websites, possibly indicating a network of related or similarly operated domains. Using ns1.cyneedi.top and ns2.cyneedi.top as name servers adds another layer of obscurity, as these are not commonly recognized name servers, raising additional concerns about the legitimacy and stability of the website’s infrastructure.

Regarding traffic, tradepropel.com has shown minimal engagement, with an estimated total visit count of only 1.3K last month, originating from the United States. The site lacks significant user interaction metrics such as pages per visit and average visit duration, suggesting low user engagement and activity. This low traffic volume is inconsistent with what one would expect from a legitimate, high-traffic trading platform.

SEO analysis reveals that tradepropel.com has a low authority score of 2 on Semrush and no significant ranking in organic search traffic. The domain lacks visibility, with no notable keywords driving traffic to the site. Additionally, the site’s backlink profile is weak, featuring only 22 backlinks from 13 referring domains, many flagged by security tools like Scam Detector and WebParanoid as suspicious or unreliable.

Tradepropel.com Review

The website tradepropel.com presents itself as a sophisticated trading platform, offering access to over 2,100 assets, including stocks, commodities, forex, ETFs, and bonds. It claims to provide various tools and features, such as the MetaTrader4 platform, WebTrader, and mobile apps for seamless trading experiences. The site promises numerous benefits, including zero commission, leverage up to 1:300, and extensive customer support.

However, a closer inspection reveals several red flags that cast doubt on the legitimacy of these claims. Firstly, the site claims to be regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, these assertions are highly suspect as there is no verifiable evidence on these regulatory bodies’ official websites to confirm Trade Propel’s membership. Additionally, the mention of additional insurance coverage up to $150 million, with specific limits for securities and cash holdings, lacks verification and appears to be an attempt to instill false confidence in potential investors.

Contact details on the site are sparse and somewhat dubious. The physical address is not explicitly mentioned, but references to their operating locations are made. The provided email for support is sinfo@tradepropel.com, and they claim to be available 24 hours from Sunday evening to Friday afternoon. Additionally, they mention availability via WhatsApp, but no direct phone numbers or social media accounts are provided, which is unusual for a legitimate financial service platform.

Another major concern is the discrepancy in their minimum deposit requirements. While one part of the site mentions a low minimum deposit of $100, another states it as $20,000, which is a significant inconsistency. Furthermore, the promise of up to a $4,000 welcome bonus and zero commissions are typical of fraudulent schemes that attract unsuspecting investors with too-good-to-be-true offers.

Tradepropel.com Reviews

A comprehensive Google search reveals significant concerns about tradepropel.com, with multiple users reporting it as a scam. Reviews on platforms such as Sitejabber, Trustpilot, and BrokersView provide detailed accounts of fraudulent activities and highlight serious red flags.

On Sitejabber, user athena l. warns, “These rogues have been marauding the internet seeking who to steal from. Tradepropel will give you a high promise of fake profits and opportunities only to steal from you at the end. Avoid them at all cost.” This sentiment is echoed across various reviews, indicating a pattern of deceit and false promises.

Trustpilot hosts numerous negative reviews. Keith Lee describes it as a “well orchestrated scam” and cautions others by stating, “They also have a Facebook group with a lot of fake accounts! I lost money and not sure where to go from here! Stay away! There is no easy money!” Similarly, Laurie LeMay shares a distressing experience where a friend was lured by promising returns but was asked to pay $13,000 for a certificate to withdraw funds, ultimately concluding, “My advice, don’t walk away – RUN!”

The International Organization of Securities Commissions (IOSCO) and the Seychelles Financial Services Authority (FSA) have issued warnings against tradepropel.com. The FSA explicitly states that the entity is not known, does not hold a valid license, nor is it regulated by the FSA, and labels it as a fraudulent company.

BrokersView corroborates these claims, highlighting that Trade Propel asserts false regulatory credentials. The platform mentions, “Neither ‘Dilna’ nor ‘Trade Propel’ has corresponding records in the registers of the aforementioned financial regulators or agencies,” confirming the fraudulent nature of the company.

These reviews and official warnings consistently describe tradepropel.com as a scam operation. Users report difficulties in withdrawing funds, demands for additional payments, and lack of customer support.

The Bottom Line Regarding Tradepropel.com

Based on extensive analysis, tradepropel.com exhibits numerous characteristics typical of fraudulent operations. The site’s claims of regulatory oversight and substantial insurance coverage are contradicted by official warnings from credible financial authorities like the Seychelles Financial Services Authority and the International Organization of Securities Commissions.

Furthermore, user reviews across multiple platforms consistently report significant financial losses, difficulties in withdrawing funds, and manipulative practices. The overwhelming evidence points to tradepropel.com being a scam.