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Here’s our candid Sfxcryptrade.com review. It exposes why Sfxcryptrade is another crypto investment scam. Those who have invested with the broker are crying foul. The broker is now blocking most withdrawal attempts.
We have seen this type of broker before, and it doesn’t end well for investors and members. SFX Cryptrade is another cryptocurrency exit scam. The platform will fade away as quickly as it started. Here’s more in our SFXCRYPTRADE REVIEW.
Note: Use expert-backed strategies for those looking to invest in credible crypto investments. These include tested methods that guarantee protection. Also, go for investment strategies that furnish members with reliable investment solutions.
The broker introduces itself as a Bitcoin and Ethereum cloud mining service provider. And that’s how they intend to invest your funds through cloud mining. That sounds legit and is the hook used to lure investors.
We all know about the lucrative crypto market. Due to its volatility, it’s one of the most sort-after markets by investors. Unfortunately, being lucrative has its pitfalls as it attracts the worst of us. There are scammers on the prowl everywhere.
The crypto world has been hit by scammers, especially with cloud mining service providers. As a result, it becomes hard for naïve investors to discern which investment platform to use. And that’s why we dedicated this website to exposing all scams.
Sfxcryptrade is another scam waiting to pounce on investors. After depositing funds, forget you ever deposited with this broker. It means you are likely going to lose funds. That’s why we insist on letting the broker go.
You get to invest in any of the contracts the broker guarantees payouts on each. After the vesting period is complete, the broker runs away with your funds. The broker will delete your account and even move to block all communication avenues.
During the vesting period, the broker will be raising your account balance. We believe these are dummy accounts with backend logins from the owners. It makes it possible to post amounts of funds invested.
These are the type of investment scams that make most investors shy away from crypto markets. And we have to expose them to ensure no one else falls for such. Unfortunately, the broker also uses the exact website design as other crypto scams before.
We believe these are a group of scammers waiting to pounce on naïve investors. Those who have invested with the broker are now crying foul. You have to stay away from the broker or risk losing it all.
There are four account plans to choose from. Each of these plans promises something different to investors. You can choose from Starter, Silver, Gold, and Platinum accounts. Let’s take a closer look at each of these accounts;
Starter
It’s the most basic account the broker claims is best for novice investors. There’s a guaranteed promise of making 140 percent ROI. The vesting terms for the starter account are weekly (seven days) with instant withdrawals.
Silver
For the silver account holder, you must vest for one week. The broker promises 200 percent ROI two times a week. You can only invest $1000 and a maximum of $9,000.
Gold
The guaranteed return with the gold account is two hundred fifty percent, principal included. The account promises the payout three times a week. You have to deposit a minimum of $10,000 to a maximum of $15,000.
Platinum
It’s the most exclusive account of them all. The account promises members 300 percent ROI. You get to earn 300 percent four times a week with every deposit. The minimum deposit is $10,000, with the maximum being $15,000.
We have to expose the outright lies seen in these accounts. Let’s start with the insane guaranteed profit margins. Making not fewer than 140 percent in a week is a staggering amount. Yet, that’s what attracts most users to the platform.
These are false profit margins. No expert or robot can manage to achieve such gains. Moreover, the markets are volatile, with investors facing losses. That’s why these profit margins are unrealistic.
The next issue with the accounts is the short vesting terms. In crypto investments, the minimum acceptable vesting period is three months. These are short terms that are unrealistic, to say the least. Again, the broker is taking members for a ride.
There’s also an acceptable minimum deposit on these accounts. It’s far above the industry recommended, especially for novice investors. You should invest in a small amount you are willing to risk losing.
A 5 percent affiliate and referral commission is set up for the platform. You must be careful with whom you partner in the crypto world. The five percent may seem ideal for those looking to earn passive income.
One issue with the affiliate is the broker’s failure to release funds. No investor ever gets the chance to withdraw their commission. The broker is only interested in taking advantage of your connections.
Before partnering with such stores, you need to look inwards and avoid investing in such stores. You must stay away from these stores or risk losing it all. The affiliate will lose its credibility and online reputation.
After seeing what investors are going through, we must raise the red flag. And that includes having to rate the broker a zero star. Other independent review websites have followed suit. No one wants investors to fall for such investments.
It pays to look at a broker’s rating before investing with them. These are the issues most investors fail to spot or take notice of. A low rating means the broker is not worth your time. The broker in question is red-flagged for more reasons than one.
Samuel lost his entire retirement package while investing with this platform. And that has led to him having depression over the issue. He was looking to go for a two-year vacation with the amount he invested daily.
All is lost as the broker fails to even respond to his emails. Samuel wants to hire the services of a recovery agent. We don’t recommend it as these agents don’t know where to start. And that’s why we must expose the platform at all costs.
Don’t expect the broker to contact you after depositing funds. That’s no way the broker is willing to offer such services. So instead, the live chat widget is a message board members are to leave their messages.
Ensure you ask about communication avenues before and after investing. Try and use different numbers when investing or trace the call. We suspect the owners use virtual phone numbers to stay anonymous.
No, Sfxcryptrade.com is not a licensed or regulated broker. Those who have invested with the broker are losing it all. The broker fails to offer much in terms of creativity. Please stay away from the broker or risk losing it all.
After checking out all the features, we have to expose sfxcryptrade.com as a scam. So please stay away from the broker.
Note: Invest in the best crypto investments in the market.
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