Investors Alert synth.trade – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements
Online trading can be a lucrative and exciting way to invest your money, but it also comes with risks. Some legitimate platforms and brokers offer safe and reliable services, but some are fraudulent and dishonest. One of these is synth.trade, a website that pretends to be a reputable online trading provider but is a scam.
Products and Services:
Synth.trade claims to offer a variety of products and services, such as forex, stocks, commodities, indices, cryptocurrencies, and derivatives. It also claims to have advanced trading tools, educational resources, and professional support. However, these are all false promises and lies. Synth.trade does not have any real assets or markets, and it does not execute any trades. It simply takes your money and disappears.
Financial institution & regulatory license:
Synth.trade is not a registered or regulated financial institution. It does not have any license or authorization from any financial authority or regulator. This means that it is operating illegally and without any oversight or accountability. It also means that it does not comply with any rules or standards regarding the registration of issuance, offer, or sale of securities/derivatives, and reporting requirements. If you deal with synth.trade, you are exposing yourself to legal and financial risks.
Trader’s Reviews and Customer Service:
Synth.trade has a very poor reputation among traders and customers. There are many negative reviews and complaints about its service, performance, and honesty. Many people have reported losing their money or being unable to withdraw their funds from synth.trade. Some have also reported being harassed or threatened by synth.trade’s staff or agents. Synth.trade’s customer service is nonexistent or unresponsive. It does not provide any contact information or address, and it does not answer any queries or requests.
How do online trading scams operate:
Online trading scams like synth.trade use various tactics and strategies to lure and deceive unsuspecting investors. They often create fake websites or social media accounts that look professional and trustworthy. They use fake testimonials, reviews, or endorsements from celebrities or experts. They offer unrealistic returns, bonuses, or incentives. They pressure you to sign up, deposit money, or invest more. They manipulate the prices or charts to make you think you are making profits. They prevent you from withdrawing your money or closing your account. They ask you for more personal or financial information or fees. They disappear with your money or block your access.
How to Safeguard Against Fraudulent Brokers:
There are some steps you can take to safeguard yourself against fraudulent brokers like synth.trade. Here are some tips:
– Do your research before choosing an online trading platform or broker. Check their website, domain name, registration details, license status, reputation, reviews, and complaints.
– Verify the identity and legitimacy of the platform or broker. Contact them by phone, email, or chat and ask for their physical address, phone number, and regulatory license number.
– Be wary of unsolicited offers or communications from online trading platforms or brokers. Do not click on any links or attachments in emails or messages from unknown sources.
– Be realistic about the potential returns and risks of online trading. Do not fall for promises of high profits, low fees, or guaranteed results.
– Do not invest more than you can afford to lose. Set a budget and limit for your online trading activities.
– Do not share your personal or financial information with anyone you do not trust. Do not give out your passwords, PINs, verification codes, bank account details, credit card numbers, etc.
– Do not pay any fees or charges that are not clearly explained or agreed upon. Do not send money to anyone who claims to be from the platform or broker without verifying their identity and authority.
– Keep records of all your online trading transactions and communications. Take screenshots, save emails, print receipts, etc.
– Report any suspicious or fraudulent activity to the relevant authorities as soon as possible.
Synth.trade is a scam website that pretends to be an online trading platform but is a fraud scheme that steals your money. Do not trust synth.trade or deal with it in any way. If you have already been scammed by synth.trade, contact your bank, credit card company, or law enforcement agency immediately. Remember to always be careful and vigilant when choosing an online trading platform or broker.