Fraud Report Archives

Noah Carter
Fraud Report
December 3, 2025
20 views

Trastix Suspected of Fraud!

Trastix presents itself as a global online trading platform, but investigations — including findings from Traderknows — reveal major credibility concerns. The domain was recently registered, the platform is unregulated, and its claims of high trading volume conflict with extremely low website traffic. Trastix also provides minimal contact information and an opaque account structure, raising strong suspicions of fraudulent behavior.

Noah Carter
Fraud Report
November 30, 2025
29 views

ZYPROFX is suspected of being a scam!

ZYPROFX is a newly established online forex and CFD broker headquartered in Saint Lucia. Its domain zyprofx.com was registered in February 2025 and shows very low authority and traffic, indicating an early-stage, lightly visible operation. The company appears in Saint Lucia’s corporate registry but has no identifiable financial license from the FSRA or other major regulators. Although ZYPROFX claims to offer MT5 and multi-asset trading (forex, metals, energy, crypto, indices, CFDs), it does not provide clear access to the platform, detailed account conditions, or transparent funding policies, and relies mainly on VISA, Bitcoin, and UnionPay with limited support channels and no visible social media presence.

Noah Carter
Fraud Report
November 19, 2025
43 views

Is WinXTrade operating legally behind the scenes?

WinXTrade is a newly launched trading platform founded in 2025 and based in Mumbai, offering access to F&O, commodities, forex, cryptocurrency, and U.S. stocks through its proprietary apps. Despite its broad market claims, the platform shows no verified regulatory license in SEBI records, and its listed office information cannot be independently confirmed. With limited website traffic, minimal transparency, and an unclear compliance status, WinXTrade presents significant concerns regarding legitimacy and operational reliability.

Noah Carter
Fraud Report
November 9, 2025
94 views

Lorvex Astra: Scam or Legit?

Lorvex Astra, a Dubai-based online trading platform, has recently drawn attention for its questionable regulatory standing and newly established online presence. Despite offering a wide range of trading instruments and using MetaTrader 5 (MT5) as its trading software, multiple inconsistencies in its registration, regulatory claims, and operational transparency suggest that the platform may not be as reliable as it appears.

Noah Carter
Fraud Report
November 2, 2025
94 views

Is Luxkonto a scam?

Luxkonto is an online trading platform registered in Luxembourg under LUX INVESTMENTS COMPANY S.À R.L. (B103611). It offers products such as forex, indices, commodities, stock CFDs, ETFs, and bonds, claiming support for MT4 and PRO Trader. However, the company is not regulated by CSSF, provides limited transparency on deposits, withdrawals, and partnerships, and mainly targets high-net-worth clients with a minimum investment starting at €50,000. The platform shows minimal web traffic and no active social media presence.

Noah Carter
Fraud Report
October 31, 2025
194 views

Wzzph Review: Why This Exchange Is a Scam

Noah Carter
Fraud Report
October 25, 2025
130 views

Is TronCore Forex Legitimate?

TronCore Forex presents itself as a global forex and crypto trading provider registered in Saint Lucia, but a deeper investigation reveals a lack of any verifiable company registration, regulatory oversight, or operational credibility.

Noah Carter
Fraud Report
October 17, 2025
1695 views

Is MaxiFy Reliable?

The platform tools and account types attract many traders. However, the lack of regulation and unclear funding channels are concerns. Technical issues also make it important for investors to be cautious.