Warning: Is E-Fxtrade a Scam?

E-Fxtrade (efxtrades.net) Review

We investigated E-Fxtrade (efxtrades.net) and uncovered disturbing issues.

We found that it is located at 12 Kensington Gardens, Ferryhill, DL17 USA, the phone number is '+17179838954, and the support email is support@efxtrade.online.

E-Fxtrade claims to be a financial firm, but it is currently unregulated by any top-tier commission, like the ASIC or CySEC.

Victim of E-Fxtrade?

If you think you were scammed by E-Fxtrade, act now. Fill out the form below to speak with our cyber-forensics team for a free case evaluation.

Is E-Fxtrade Safe?

Our investigation shows that E-Fxtrade does not hold a valid license.

Investing with unlicensed brokers is highly risky. Real firms are must be licensed with agencies like the FINRA or FCA for your protection.

E-Fxtrade operates without this supervision. This means there is no legal recourse if they keep your funds. Most online scams use unregulated actors, and recovering funds from them is hard without professional help.

For instance, in the UK, unlicensed firms are not covered by the compensation schemes. In the US, they are not members of regulatory bodies, so your capital is completely exposed.

Warning Signs of E-Fxtrade

Online trading fraud is evolving. Criminals use manipulation to steal your savings. Below are typical tactics used by sites similar to E-Fxtrade (efxtrades.net).

Pig Butchering & Romance Scams

"Pig Butchering" is a cruel method where scammers groom victims over months. They build a romance online. Once trust is built, they mention a secret crypto opportunity. It's a trap to lure you onto a scam site like E-Fxtrade.

The "Bonus" Trap

Fraudsters build websites that mimic legit trading apps. You see graphs and balances that go up. But it is a simulation. The scammer manipulates the numbers to make you feel rich to deposit more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" out of the blue.
• No License: The company has no legal registration.
• Guaranteed Profits: They promise 1% daily returns or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They demand "tax fees" before releasing funds.
• Pressure Tactics: Agents push you to invest bigger amounts.

Ignore positive ratings. Scammers frequently write their own positive comments to appear real.

Verdict

We advise against E-Fxtrade. It appears to be a scam. Protect your money and use a regulated broker. Avoid efxtrades.net at all costs.