Welcome to our Plexus Traders Review, regarding the website currently found at plexustraders.com.
The emergence of online investment platforms has provided people with more investment opportunities, but it has also increased the risk of falling victim to scams.
In this PlexusTraders review, we take a closer look at the trading platform offered by Plexustraderstrading ltd, which promises its clients the opportunity to invest in Forex and cryptocurrencies.
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The domain plexustraders.com was registered on April 30, 2022 for one year through PDR Ltd. d/b/a PublicDomainRegistry.com by Franklyn Onoaghakpote from Erhunmwunse St, Benin City, Edo, Nigeria 300102.
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Franklyn’s phone number is: +234.8101894682 (a valid Nigeria number).
And the email: email@example.com.
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It is hosted by Hostinger International Limited.
The domain does not seem to be receiving much traffic and the authority score is 0 with just a few backlinks, but none of them from any legitimate websites.
Is PlexusTraders Legit?
We first take a look at the “About us” page, according to which Plexustraders offers Forex and cryptocurrency trading services to help clients make money in these markets.
The Forex trading platform is easy to use with a one-click trading option, while the Forex traders are experienced and trained to make accurate predictions about currency pairs.
Cryptocurrency trading is also offered with smaller spreads, margin trading, and leverage trading for easy navigation.
Plexustraders is committed to providing professional, secure, easy-to-access, and profitable trading conditions with consistent support and a trader-oriented approach.
They aim to help clients achieve the best possible outcomes and treat each customer as their only customer.
However, no information is provided about who is behind the company (e.g., registered address, LinkedIn profiles etc.)
They actually do provide an address – 3 Middlesex St, London E1 7AA, UK – however, according to Google Maps, this address houses a couple of restaurants as well as 3 possible scams: PEAKSWIFTTRADE, Cryptoinfinitemining, and Classiclegaltrade.
Contact information include:
- an email address – firstname.lastname@example.org
- a live chat widget
- a contact form
- links to Facebook and Telegram do not appear to work
- there’s a placeholder for a phone number, but no number is provided.
The low popularity is another red flag and so is their low authority score and lack of backlinks from trustworthy websites.
In fact, one of their best backlinks is from wikifx.com, a review site, in which they are rated as “Danger” with a 1.03/10 score due to not being regulated.
They actually provide a UK registration number – 09914444 – however, according to the UK Companies House – this number belongs to a different company, TRADE FAST INTERNATIONAL LTD from 125 Higher Meadow, Preston, England, PR25 5RP.
Here’s a general overview of the investment plans offered on plexustraders.com:
Starter Plan: This plan offers a 4% return on investment after 24 hours, with a minimum investment of $1000 and a maximum investment of $2,000. The principal amount you invest is included in the 4% ROI.
Basic Plan: This plan offers a 7% return on investment after 10 hours, with a minimum investment of $2,000 and a maximum investment of $5,000. The principal amount you invest is also included in the 7% ROI.
Standard Plan: This plan offers a 10% return on investment after 48 hours, with a minimum investment of $5,000 and a maximum investment of $10,000. Like the previous plans, the principal amount you invest is included in the 10% ROI.
Advanced Plan: This plan offers a 15% return on investment after 72 hours, with a minimum investment of $10,000 and a maximum investment of $15,000. The principal amount you invest is once again included in the 15% ROI.
These investment plans appear to be too good to be true, and they have several characteristics that are typical of investment scams.
First, the returns on these plans are very high, ranging from 4% to 15% in a very short period of time, which is unrealistic for most legitimate investments.
Second, the minimum investment amounts required for these plans are relatively high, ranging from $1000 to $15000, which may indicate that the scammer is targeting wealthy individuals who are willing to take risks in hopes of making a quick profit.
Finally, the plans have very short investment durations, ranging from 10 hours to 72 hours, which is not enough time for most legitimate investments to generate the high returns promised.
On ScamPulse we find a review submitted by a user who claims to have been scammed by Plexustraders.com. The user was contacted by someone named Felicia who promised to help them make a profit in crypto investments.
The user invested $200, but was asked for more money and eventually lost $700. The reviewer warns others not to reply to anybody from plexustrade.com.
On ScamAdviser we find the following review: “I am unable to withdraw my money, and the platform is asking me to pay more money to receive a PIN code.”
Finally, we should mention that we already reviewed a website by Franklyn Onoaghakpote: LegitimateCryptoTrade.
We discovered that this person is responsible for a host of scam websites, such as globallegaltrade.com, cryptomaxtrading.com, and excelfxtrade.com.
Despite its claims to provide a secure and profitable trading environment, we have discovered several red flags, including a lack of transparency about the company’s owners, unverified UK registration numbers, unresponsive customer support, and unrealistic investment plans.
If you are considering investing with PlexusTraders or any other online trading platform, it’s essential to do your research and be wary of offers that seem too good to be true.
Our conclusion is: Stay away from Franklyn Onoaghakpote’s Nigerian SCAM websites, including plexustraders.com.
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