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Phoenixtrade.asia deserves an award for quickly putting up a deceptive website and soliciting funds from random visitors. This website has not been updated for some time as they are still talking about updates that were to be done in 2017. Phoenix Trade is a good example of a scam website that has been abandoned by the owner who hopes it will generate residual income for them. Nothing about this website is real. Their sales pitch is characterized by ambiguity which makes it difficult for visitors to understand whatever is going on there.
However, one thing is clear. At some point, Phoenix Trade will ask money from visitors who will choose to proceed with them. Even though there is some vagueness in what they offer, we deduce that they are dealing with Cryptocurrency investments and that they are also making use of MLM business model to make money.
Every now and again, we have warned investors against sending money to these MLMs especially if they involve Cryptocurrencies of any form. There is some reference to blockchain technology here. However, it is not yet clear what this site is offering.
There is no real product or service to offer. So we definitely don’t think it’s a wise idea investing in a site that has no clear product line to offer its audience.
What exactly is the guarantee that investors will have their funds invested in Cryptocurrency trading? Phoenix Trade is definitely raising many question marks. Let’s find out why you must not throw away your money to them.
Note: Invest in these Cryptocurrency trading robots if you want to make money with Bitcoin or any other altcoin.
Phoenix Trade is supposedly a Hong Kong based corporation that deals in Cryptocurrency investment. Their company is allegedly registered with the Registrar of Companies Hong Kong, although it’s written in Chinese characters and translated into English. We cannot verify if this translation is accurate though.
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What we are sure of is that obtaining such registration in Hong Kong is quite easy. Anyone can register a company there even if they don’t have a genuine product or service to offer.
Therefore, a registration status of Phoenix Trade entity should mean nothing to you. We’ve seen people losing a lot of money to these so-called registered companies. You definitely can’t use this as proof of legitimacy.
Since Phoenix Trade is anonymous in various aspects, we decided to conduct more investigations into their operations to learn about the owner and his true intentions.
The first place to start this investigations would be at who.is which would reveal that the name of the person behind this business is Xie Zhang. The date of registration has been hidden and we are not capable of finding out when the domain was registered. Expiry date was set on July 2017. But obviously the site still exists at the time of writing this review. So we can assume that they renewed their hosting and so on.
The only way to contact the owner would be through a phone call. Physical address has been hidden. The same case applies to their contact email. Assuming you do not know that they own a website called Phoenix Trade, and wanted to contact them somehow, you’d use this phone number on their who.is records to reach them.
Since there is no product or service that is being offered by Phoenix Trade, we can conclude that this is a clever MLM business where real intentions are hidden and instead Cryptocurrency trading used as scapegoat.
This is not the only problem though. Phoenix Trade proves to us several times that it is a deceptive website. If you look at their physical location address, you will realize that it is a false address. Why?
That address is being shared with another company called Asia-pac.com. This is a real estate company that has nothing to do with what Phoenix Trade is offering. They are in no way affiliated.
So this clearly means that Phoenix Trade just copied that address or used a virtual business address to deceive their audience that they exist in the said location when that is not the case.
To further confirm these suspicions, we zoomed into the location to confirm the presence of Phoenix Trade. Unfortunately, there was no sign of Phoenix Trade anywhere at the location or near the location. You might want to simply dismiss their alleged physical location because these guys are clearly taking their audience for a ride.
These guys have listed a few Cryptocurrency exchange brands as their partners. What you must understand is that some of these brands have a reputation of scamming investors, and are definitely proving to us that Phoenix Trade is as bogus as the entities which they claim to have teamed up with.
At the start of this review, we said that Phoenix Trade is a scam that deserves an award. We are marveled at their bold claims that this company was featured on the news. There are a couple of video presentations on the site which reveal that Phoenix Trade was allegedly featured on a major news channel.
You must understand that this is an old school tactic and sales gimmick that cannot work. It was used to deceive investors in the old days. Today some scams still use it even if it does more damage than good to their reputation.
At the moment, Phoenix Trade does not have any community feedback except the usual reviews from editors of various industry blogs. But it’s definitely a scam regardless of what these blogs say about it.
Since Phoenix Trade is ambiguous and does not say what is needed to get involved, don’t waste your time trying to find out because it is not your job. The other thing is that when you click ”get started”, you will be ushered into their back office which will certainly require a username and password. We suppose that at some point, these crooks will ask you to purchase an investment plan.
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