Is a scam?

By Richard, from United States, May 25, 2022 at 02:13 AM

So you have to invest with BTC and upon withdrawal You must invest again to the same wallet. They won’t let you withdraw with investing again, why can’t they take the money i have . I need Any help you may have Registered here : 2283 Columbus Centre, Road Town, Tortola, British Virgin Islands. S.I.P. Building, P.O. Box 3010, Rue Pasteur, Port Vila, Vanuatu.

Answer: Hi Richard,

Unfortunately, brokers offshore regulations does not give much hope. Usually such companies are suspected as fraud. Since Igtradenet does not have any other regulations/licenses, we assume it is not regulated to offer financial services, especially in the US. We also ways advise avoiding an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Also, you can read more about risks of dealing with Vanuatu-registered brokers. There is a small chance of getting your money back and we highly recommend do not invest more by their request. You can report about this issue to your local financial authority and they will investigate this case.

One response to “Is a scam?”

  1. IGTradeNet is a scam I along with some other friends were victims of this scam. We invested our money, monitored and allowed it to grow and at the time of withdrawal we were told 10% of the withdrawal fee had to be paid. Even when that was done nothing happened they have just been giving excuses and prolonging the process and have yet to receive any sort of funds. We will be taking steps to shut them down I urge everyone who comes across this comment to spread the word on these frauds. They are 100% a scam.

Leave a Reply

Your email address will not be published. Required fields are marked *