Fundtrex Review: Scam Alert on Crypto Investment Platform

Welcome to our Fundtrex Review.

On March 20, 2023 a complaint was filed with the Better Business Bureau (BBB) by an Akron, Ohio, USA individual who claims being scammed for $1,250 by a cryptocurrency scam.

A person named Horace Starling promised to help pay off a credit card if the individual bought Bitcoin on Cash App. Horace set up Trust Wallet, but the individual could not access the funds without paying more money. Horace then set up Fundtrex and charged the individual’s credit card $2,000 on Amazon Chase and $900 on Capital One.

The payment was later returned, and the individual could not contact Fundtrex. Horace offered to help retrieve the remaining funds for 8% of the money in Trust Wallet, but the individual refused to pay. The individual reports:

Initially, he set up a company called Trust Wallet for me to receive the funds, but I couldn’t access the money as I refused to pay any more money. Later on, he suggested that I give my credit card information to a company called Fundtrex. I agreed and they paid a total of $2000 on my Amazon Chase card and $900 on my Capital One card. However, a few days later, both companies informed me that the payment had been returned.

I tried contacting Fundtrex but did not receive any response. I contacted Horace again, and he promised to help me retrieve the remaining funds in the Trust Wallet. But, he demanded that I pay him 8% of the money in the wallet. I declined to pay him any more money.

Horace did not cash out the Bitcoin, and purchases were made on Capital One after the payment was reversed, causing the individual’s account to be closed.

The domain fundtrex.com was registered on November 13, 2014 for ten years through TurnCommerce, Inc. DBA NameBright.com. It is hosted by Amazon.com, Inc and is currently for sale for $2,495.

So our first thought is that if Fundtrex was a serious company, they would have bought this domain…

Instead, they must have picked a different, cheaper domain. But which one?

• fundtrex-fx.ltd
• fundtrex-fxt.org
• fundtrex-invest.com
• fundtrexcooperations.com
• or maybe all answers are correct?

Fundtrex-invest.com

Fundtrex-invest.com was registered on July 8, 2022 for one year through NameCheap. It is not currently working, but still indexed on Google with a page titled “Plans” and whose description is:

We are team of professional traders in Forex & Crypto Exchange and Coins trading and Crypto Mining who know how to grab the profit end of the day. ddos …

Their homepage used to say “Brand New Online Trading Platform,” on a black background with yellow and white accents.

On beermoneyforum.com, there’s an announcement about them from July 18, 2022:

New hyip website

20% after 1 day
40% after 2 days
100% after 3 days
200% after 7 days

Minimum invest: 50$

Referral rewards: 5%

Payment methods: bitcoin, ethereum, litecoin, dogecoin, perfectmoney, payeer, bitcoincash

Based on a cached version of fundtrex-invest.com (a page titled “Plans – fundtrex-fxt.org”), Fundtrex-fxt.org was a UK-based investment company that offered investment plans in Forex & Crypto Exchange, Coins trading, and Crypto Mining.

They offered four investment plans ranging from 20% to 200% returns after a period of 1 to 7 days.

The investment plans advertised by Fundtrex FXT promise extremely high returns of up to 40% per hour, which is a very high rate of return that is not typical of legitimate investment opportunities. Coupled by the fact that they are no longer online, we feel safe to say it was a scam.

Fundtrex-fx.ltd

Fundtrex-fx.ltd was registered on December 21, 2022 for one year through NameCheap. It is also not currently working.

The only mention of the website online is a scamadviser.com page, where Fundtrex-fx.ltd has a very low trust score, indicating it may be a scam. The website was a High Yield Investment Program (HYIP) website.

Fundtrexcooperations.com

Fundtrexcooperations.com was registered on October 8, 2022 for one year through NameSilo. It is hosted by PDR.

The homepage says: “Safe And Secure Crypto Currency Mining And Investment.” Fundtrex Cooperations is a website that claims to be officially registered in the USA and have an official certificate regulated by Finra, but it appears to be fake.

They provide four investment plans, ranging from Basic to Maximum, with different investment amounts and profit percentages. However, the promised returns on investment are very high – 20% per day for the basic plan, for example. Such high returns are typically not sustainable and can be a sign of a Ponzi scheme or other fraudulent investment scheme.

Their phone number is: +1 (809) 634‑7828. (A Dominican Republic number.)

On their scamadviser.com page, we find a comment in Italian that translates to: “Definitely negative. To make a withdrawal they ask for money.”

Fundtrex-fxt.org

Finally, Fundtrex-fxt.org was registered on February 22, 2023 for one year through Hostinger, UAB. It is hosted by Hostinger International Limited.

There’s also not much about them online except for an unflattering scamadviser.com page.

The website fundtrex-fxt.org is promoting an online trading platform that claims to guarantee fixed hourly interest for investors, with the possibility to earn up to 10% daily profit.

The platform offers four investment plans with different returns and deposit requirements, ranging from a 20% return after 1 day with a minimum deposit of $50 to a 200% return after 7 days with a minimum deposit of $2,000. The promised returns of up to 40% hourly and up to 200% after 7 days are extremely high and unrealistic. Such high returns are often used as bait to lure unsuspecting investors into a Ponzi scheme or other fraudulent investment scheme.

The Fund Trex company claims to be registered in the UK, however no proof is presented.

The affiliate page seems to have been taken from another website and begins “At BoxFX Trade, we believe there is no better advertisement than satisfied clients.”

Apparently, BoxFX Trade was another version of this website, which is now defunct.

Their copyright line says “© 2021. FUNDTREX-FXT.ORG” even though it’s already 2023.

In their homepage, they write “is already becoming the Panam’s fastest growing trading company” and the same exact sentence can be find in multiple similar sites such as:

• afri-capital.com
• calculustradefx.com
• fxtradeinc.ltd
• upturnfx.com
• fxinvestmentworld.com

Elitepacific-investment.org appears to be a Fundtrex-fxt.org clone.

Bottom Line

Fundtrex is a suspicious investment platform that may be involved in fraudulent activities.

The various domains associated with Fund Trex, including Fundtrex-invest.com, Fundtrex-fx.ltd, and Fundtrexcooperations.com, all show signs of being scams or fraudulent schemes, offering extremely high returns that are not typical of legitimate investment opportunities.

The lesson to be learned from this is to be extremely cautious when dealing with cryptocurrency investments, particularly those promising unrealistic returns.

It is always best to do thorough research and due diligence before investing in any scheme or platform.