Fraud Report Archives

Noah Carter
Fraud Report
December 19, 2025
13 views

Why is Vexton Markets considered a scam platform?

Vexton Markets is an online CFD trading platform that claims to have been established in 2020 and headquartered in Canada. The platform promotes forex, gold, and oil trading services, alongside features such as mobile trading, social trading, and copy trading. Publicly available information shows limited disclosure regarding corporate registration, regulatory authorization, trading conditions, and online visibility, making independent verification challenging.

Noah Carter
Fraud Report
December 17, 2025
20 views

Bittam: Is This Platform Safe?

Bittam is a newly launched online platform that presents itself as a cryptocurrency trading service for global users. The platform focuses on digital asset trading and promotes multi-device accessibility through mobile applications. Public information indicates that Bittam’s website was registered in March 2025, and its operational history remains limited. While the platform references MSB registration in the United States, it provides relatively little disclosure regarding its corporate entity, trading infrastructure, fees, or risk management framework.

Noah Carter
Fraud Report
December 3, 2025
47 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
61 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
73 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
129 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
122 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 25, 2025
157 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
1739 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.