BIG SCAM series: SwiftTradeFX, Currency Tradex, FXLiveWare…

Swift Trade FX review

In this review we uncover a giant group of scam websites that are hiding behind cryptocurrencies and Forex trading.

What is it about

A routine review of the Swift Trade FX scam revealed dozens of other scams that are based on the fraudulent website, they all have the same footprint.

These scams promise to make you money in cryptocurrency trading, cryptocurrency mining or Forex trading. They all have some sort of plans that supposedly will reward you with substantial daily returns.

These websites will also tell you that they are run by a legit company registered in the United States. All you have to do is to deposit money and wait for your returns. But don’t do it.

The list of the scams is long:
SwiftTradeFX, Currency Tradex, Platinum FX Option, FXLiveWare, High Factor Trading GX, Crypto FX Unlimited, HQ Express Trade, Tradestation FX, CoinFX Ocean, Epicosee Trust Option, Altablock Trading, Bitmain Forex, Bitcoin Legal Trade FX, Massive Trade FX, Trading OptionFX, Epic FX Ways, ElbrobaxFX, Bitclub 247, Riseprime FX, FX Mighty Crypto, Mitrade Crypto, Perfect Coins Market, Megaone FX, OctaFX Investments, Expert Options 360, FX Trades Hub, Impeccable Trade, Coin Pivot FX, Sub FX Core, FX Prosequence, Trend Max Option, Maxtrades, Crypto FX Fund, Trading FX Sphere, Pro FX Space, Etrade Online Platform, Alliant Trades Hub, Crypto Unlimited, AutoSpark FX Platform, Expert Binary Option Trade, Marketing FX Trade, Wolves FX Trade, Tradecoin 24, Matrix Traders FX, Cryptotex Trading, Coinsdrift, Universal Trade FX, Noble FX Option, Forex Legal Trade, Altcoin Crypto FX, Premuim FX Varsity, FX Pro Strategy, Trade Coin FX, FX Hub Options, Bifinance FX, Crypto Option 24, Omens Trading, 24 Crypto Trade, Deaurax, Global Asset Investments, Crypto Finance Hubs, Mining Network FX, Global Cryptocurrency Trades, Absolute FX Options, Metro Trade FX, Nerd Crypto Trade, Finance Affinity, Finance Genex, Cyptro Coindesk, Crypto Bright FX, Crypto Pro Options, Smart Crypto Experts, 147 Crypton Smart, Top BTC Experts, Top Expert Miners, Top Mining Expert, TradesMax, Bitcoin Legits FX, RX Bit Core, Trade Esencesx, Wealth Crypto FX, Trade Success FX, Earns Market, Global Expert FX, World FX Crypto Mining, Crypto Capitalist, Trade Mining Rigs, Fastelite Market, Swift Stroke Options, Crypto Elite Investment, Top BTC Mining Pro, Profit Earning FX MT, FX Trading Max, Excrypto Land, Astro Global FX, Top FX Experts, Crypto Earning FX, FX Crypto Limited, Legit Bitcoin FX, Live Earner 247, Robin FX Pro, Pax Coin Company, Winning Crypto Trade, Secure Krypto Invest, Exchange1Coins, 247 FX Online, Swift FX Arena, Crypto Bright FX, FX Hub Online, Cougwinner, Globe FX Trading, Prime FX Stocks, 24 Crypto Experts, FX Block Space, Forex Coin 24, FX Secured Exchange, Cryptoapproved Trade, 147 Crypton Trade, Unique Crypto World, Capital Crypto Miners, Universe Mining Option, Global Fastrade, 247 Lite Trade Cryptocurrency, Atomic FXT, Prime FX Zone, Webinars FX Trade Options, Master FX Trade, 147 Global Cryptonx, Digital Expert Trade, FX Prime Solace, Crypto Unique Trade, FX Expert Trades, Abbiecrypto, FX Trading Investment, Astromarket Live, StockFX Invest, Massive FX Global, BTC Trade Option, Topexpert Option, EpicFX Sequence, Smart Bit FX Options, AphlFX, 55 Option Trade, Stock Market 247, Trust Cryptos BTC, Wolves FX Trade, Profit Wallet FX Trade, Appex Market, BTC Expert Trade, Alpha Crypts, AndreaFX, Falcon Mega Trade, Trust Fund FX, Icetrading Desk, Crypto Union FX, Golden FX Option Crypto27novet, Golden FX Investment, Bitxtrade Pro, FX Prime Trading, Tradliaexpress, TFX Option Pro, TrustGlobaFX, Lila Swift Trading.

FX Pime Trading scam

How the scam works

All the scams mentioned above will try to convince you with simple investment plans that supposedly will make you tens or even hundreds of percent per month.

They will ask you to deposit money to start earning. The catch is that you have to make your deposit with a cryptocurrency, which grants a certain level of anonymity to the receiver and most importantly the transaction is irreversible.

So what happens next? You send them your money and never see it again. These fraudsters will want to get as much money as they possibly can from you, so be prepared to hear all sorts of lies.

They will show you fake profits on your trading account and ask you to deposit more to earn more. If you ask for a withdrawal, they will tell you that you have to pay a tax or some kind of other fee upfront to get the withdrawal processed.

But everything you send will be lost. They will just lie to you to get your money, it’s that simple. These scams don’t even try to run a Ponzi scheme, they just take money from people.

This scam chain that we are exposing in this review is huge, it is the biggest we have ever uncovered. Yet we are pretty sure that it has even more clones that we managed to find and new ones will probably appear.

This is why you need to be able to understand what is a scam even without reading a review. If an investment program on the internet promises you tens of percent or more per month, it very likely is a scam.

Investment services are regulated in most countries, so you can always check with your national financial regulator whether the offer you are considering is legit.

If deposits are to be made in cryptocurrencies only, it is another warning sign that should prompt more investigation from you.

Golden FX Investment

Conclusion

All these investment websites are scams, you have to stay away from them:

SwiftTradeFX, Currency Tradex, Platinum FX Option, FXLiveWare, High Factor Trading GX, Crypto FX Unlimited, HQ Express Trade, Tradestation FX, CoinFX Ocean, Epicosee Trust Option, Altablock Trading, Bitmain Forex, Bitcoin Legal Trade FX, Massive Trade FX, Trading OptionFX, Epic FX Ways, ElbrobaxFX, Bitclub 247, Riseprime FX, FX Mighty Crypto, Mitrade Crypto, Perfect Coins Market, Megaone FX, OctaFX Investments, Expert Options 360, FX Trades Hub, Impeccable Trade, Coin Pivot FX, Sub FX Core, FX Prosequence, Trend Max Option, Maxtrades, Crypto FX Fund, Trading FX Sphere, Pro FX Space, Etrade Online Platform, Alliant Trades Hub, Crypto Unlimited, AutoSpark FX Platform, Expert Binary Option Trade, Marketing FX Trade, Wolves FX Trade, Tradecoin 24, Matrix Traders FX, Cryptotex Trading, Coinsdrift, Universal Trade FX, Noble FX Option, Forex Legal Trade, Altcoin Crypto FX, Premuim FX Varsity, FX Pro Strategy, Trade Coin FX, FX Hub Options, Bifinance FX, Crypto Option 24, Omens Trading, 24 Crypto Trade, Deaurax, Global Asset Investments, Crypto Finance Hubs, Mining Network FX, Global Cryptocurrency Trades, Absolute FX Options, Metro Trade FX, Nerd Crypto Trade, Finance Affinity, Finance Genex, Cyptro Coindesk, Crypto Bright FX, Crypto Pro Options, Smart Crypto Experts, 147 Crypton Smart, Top BTC Experts, Top Expert Miners, Top Mining Expert, TradesMax, Bitcoin Legits FX, RX Bit Core, Trade Esencesx, Wealth Crypto FX, Trade Success FX, Earns Market, Global Expert FX, World FX Crypto Mining, Crypto Capitalist, Trade Mining Rigs, Fastelite Market, Swift Stroke Options, Crypto Elite Investment, Top BTC Mining Pro, Profit Earning FX MT, FX Trading Max, Excrypto Land, Astro Global FX, Top FX Experts, Crypto Earning FX, FX Crypto Limited, Legit Bitcoin FX, Live Earner 247, Robin FX Pro, Pax Coin Company, Winning Crypto Trade, Secure Krypto Invest, Exchange1Coins, 247 FX Online, Swift FX Arena, Crypto Bright FX, FX Hub Online, Cougwinner, Globe FX Trading, Prime FX Stocks, 24 Crypto Experts, FX Block Space, Forex Coin 24, FX Secured Exchange, Cryptoapproved Trade, 147 Crypton Trade, Unique Crypto World, Capital Crypto Miners, Universe Mining Option, Global Fastrade, 247 Lite Trade Cryptocurrency, Atomic FXT, Prime FX Zone, Webinars FX Trade Options, Master FX Trade, 147 Global Cryptonx, Digital Expert Trade, FX Prime Solace, Crypto Unique Trade, FX Expert Trades, Abbiecrypto, FX Trading Investment, Astromarket Live, StockFX Invest, Massive FX Global, BTC Trade Option, Topexpert Option, EpicFX Sequence, Smart Bit FX Options, AphlFX, 55 Option Trade, Stock Market 247, Trust Cryptos BTC, Wolves FX Trade, Profit Wallet FX Trade, Appex Market, BTC Expert Trade, Alpha Crypts, AndreaFX, Falcon Mega Trade, Trust Fund FX, Icetrading Desk, Crypto Union FX, Golden FX Option Crypto27novet, Golden FX Investment, Bitxtrade Pro, FX Prime Trading, Tradliaexpress, TFX Option Pro, TrustGlobaFX, Lila Swift Trading.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 71-78% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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