As the cryptocurrency market continues to grow, so do the opportunities for fraudulent activities. One such entity is INSURED CRYPTO TRADING, a Forex company that appears to offer secure and profitable trading services. However, a closer look reveals a different reality.
INSURED CRYPTO TRADING claims to provide its clients with insured crypto trading, giving them the confidence and security they need to invest their hard-earned money. This promise, however, turns out to be a sham. In reality, INSURED CRYPTO TRADING is nothing more than a well-crafted scam, designed to separate unsuspecting investors from their funds.
Here are some of the deceptive practices employed by INSURED CRYPTO TRADING:
- False promises: INSURED CRYPTO TRADING allures its clients with false promises, such as guaranteed returns, secret trading strategies, and unlimited profits. These claims are essentially empty promises, as the company has no reliable source of income, and their so-called trading strategies have no scientific basis.
- Unregulated activities: INSURED CRYPTO TRADING operates without any proper legal registration or regulatory oversight. This leaves the company unaccountable for its actions and enables it to carry out fraudulent activities unchecked.
- Misleading advertising: INSURED CRYPTO TRADING uses deceptive advertising tactics to lure unsuspecting victims. They advertise themselves as 'offshore Forex brokers' and 'pay no commissions,' which seems appealing at first sight. However, a closer look reveals a different reality. They hold out the 'offshore' location as a marketing ploy to create the impression of being untraceable. The 'pay no commissions' claim is misleading, as INSURED CRYPTO TRADING charges inflated spreads instead, making it more difficult for their clients to earn any profits.
- Unverified claims: INSURED CRYPTO TRADING has made unverified claims on its website and social media platforms, such as 'the highest returns in Forex trading' and 'lowest spreads in FX trading.' These claims are essentially unsubstantiated, and INSURED CRYPTO TRADING has failed to provide any evidence to support them.
- Lack of transparency: INSURED CRYPTO TRADING possesses little transparency regarding their operations, trading results, and financial records. They lack basic requirements such as showing transaction histories to their clients or providing any regulatory authorities access, thus undermining the trustworthiness of their services.
- Withholding of funds: INSURED CRYPTO TRADING has been accused of withholding clients' funds, particularly during periods of high volatility in the market. This raises red flags as it is consistent with a common pattern for scam Forex trading companies, which holds on to clients' funds as a pretext for creating new misleading marketing tactics to retain them in the company.
These fraudulent practices demonstrate that INSURED CRYPTO TRADING is nothing more than a sophisticated Forex trading scam. Their clients are being misled into thinking they are investing in secure and profitable trading services, when, in reality, they are being defrauded.
In conclusion, INSURED CRYPTO TRADING is a clear scam that has taken advantage of the current cryptocurrency craze to swindle innocent individuals. Potential Forex traders should be cautious and avoid INSURED CRYPTO TRADING's services entirely. It is essential to conduct adequate and thorough research to identity legitimate and trustworthy Forex entities when considering investing in Forex trading. The public needs to become more adept at recognizing these obvious fraudulent schemes and raising awareness of them to prevent further victimization.