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Zoey_JD
Zoey_JD, Criminal attorney
Category: Fraud Examiner
Satisfied Customers: 23578
Experience:  Active member of the NYS bar since 1989
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Is FX Profit Cascade a scam

Customer Question

Is FX Profit Cascade a scam
Submitted: 1 year ago.
Category: Fraud Examiner
Expert:  Zoey_JD replied 1 year ago.

Hello,

The reason you can't find anything about this company on the web is that the company website, fxprofitcascade.com is less than 2 weeks old. According to its WHOIS, the company registered its domain name on November 3, 2015. Additionally, it registered its name for only one year, the least amount of time you are able to register a company name for. This is not a company that has set itself up to be around for the long haul, and that is a very big red flag.

Additionally, the company website has no contact information other than an email address, and its site owner is using a private Panamanian proxy service to hide his name and the location of his company as well. I've found that companies that go to great lengths to hide who, what and where they really are to prevent consumers from doing their due diligence are invariably up to no good. Scamadviser.com shows that this is a risky site with an unknown reputation.

We get a lot of complaints about unregulated forex companies. Most of the customers complain about unauthorized trades from their accounts which wiped out their profits and/or their accounts. Forex trading is lawful. Regulation is not required, but if you go with a company that isn't regulated by by any authority, literally anything can and will happen. Many forex companies are outright scams.

This company is not regulated. It tries to dazzle you with promises of a great deal of money, but there's nothing that convinces me it will deliver. And when they can't and you are hurting for your money, you will not be able to find them in order to take any legal action.

Avoid.