Tradenix.io was an online investment platform that promised to increase its clients’ profits by allocating their funds to cryptocurrencies. According to the information on their platform, they operate from the United States but accept people from all around the world.
Due to many complaints against them, many official authorities and associated services have issued warnings against this firm, and the fact that they are trying their best to remove every trace of their existence is obvious. Thankfully, since their inception, many changes have occurred in the monetary system, and nowadays, it is much easier to employ fund recovery methods.
To know all about the hidden motives of this company and why you should never give them the benefit of the doubt regardless of the claims they make, keep reading our unbiased analysis till the end.
License, Regulation, and Contact Details
The law in the United Kingdom and the United States is stringent in finance. After all, most participants are putting up their hard-earned cash, and ensuring the safety of the funds is in the best interest of all the parties involved.
Unfortunately, due to the loopholes in the regulation, many offshore companies looted many retail clients, which is why you should never dare to indulge with them. Remember, offshore brokerages never put aside money to insure the clients’ funds. Moreover, their terms and conditions will never be favorable to clients.
Tradenix.io was operating from the US, so it had to be under the radar of the FTC to raise money from the public legally. This firm never had the necessary certificates, and eventually, law enforcement agencies made them shut down their operations.
Oddly enough, they didn’t publish the details of the founders and creators of the platform. On top of all these mysteries, the lack of transparency is evident, and that kind of unethical trait should tell you a lot about their motives.
- Address – 25 W 39th St, New York, NY 10018
- Phone Number – (888) 337-5401
How Does Tradenix.io Scam Work?
Tradenix.io called itself one of the best reputable cryptocurrency investment solutions. They used to lure in people by claiming to generate surreal profits quickly. Once a client deposited the funds, the organization’s employees would manipulate the records to show fake numbers. It was never an easy process when they decided to cash out their investment.
Considering the outsized returns and advertising campaigns, their operational model looked a lot like a Ponzi scheme, and just like every other scam out there, they also went bust in a few short months. Just in case you are wondering, the names and profiles of the fund managers were never shared with their clients.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Investing with them was like playing darts in the dark; participants never had any statistical edge. Trading any market carries many risks, and traders must be cautious. If anyone promises you excellent results with little to no evidence to back up their statements, do yourself a favor by ignoring them.
Tradenix.io Narratives and Claims
The people working for Tradenix.io firm were creative in their approach. On their website, they never made any outright claims which would draw the attention of law enforcement agencies.
They mainly used to sell their ideas by contacting the clients by phone. Unfortunately, the retail side of the markets is never informed about the actual mechanism behind the needs, which is why they are easy to target. It might be late for the clients of this firm to get educated, but always remember the following facts when choosing any online service.
First of all, always look for verified reports of their trading activities. Most legit solutions feature trading history on their platform to earn the public’s trust. Secondly, make sure that the firm you want to get indulged with holds all the proper licenses, and if you have any doubts, contact the officials at the earliest.
Lastly, if you feel pressured to make a deposit, walk away from the platform without any hesitation and never look back.
Bonus Trap and Other Tactics
Most fraudulent platforms use classic traits, such as bonus schemes and high-pressure marketing techniques, to push the clients into depositing money. Usually, they achieve their goal by creating a picture-perfect narrative and a sense of urgency.
Even if the firm you are dealing with is in the grey section of the law, remember not to accept any bonus on your capital as it always carries hidden terms and conditions. To prevent the public from getting cheated in the name of matching bonuses, most regulators worldwide have banned such types of promotions.
So, if you spot any provider offering a bonus, that is a red flag that shouldn’t be avoided.
The Real Business Model of Tradenix.io
Platforms such as Tradenix.io and countless other bogus crypto investment services have been around for nearly a decade. Every few months, the crooks running these scams will develop a new narrative, a convincing story, and loot the public repeatedly. Sadly, due to the lack of adequate data and the short span of the firms, regulators can’t stop these types of frauds before the damage is done.
The one thing common among all fake cryptocurrency investment firms is how they generate cash flow. All the fraud platforms employ the Ponzi model to pay the clients as long as they are active, but that is not a sustainable business. The creators of this platform are using the cash gained by recruiting new members to pay out the older participants.
While the cash flow created might work wonders initially for some select clients, creators, and promoters, it will collapse sooner or later. Many individuals will be left destitute, and the crooks will have fled the scene by then. So, don’t let high-pressure sales tactics and sweet words trick you.
Founders and Staff Members
If you look at the top 10 investment firms or any other regulated brokers, one thing becomes apparent: the level of transparency they maintain. Every business knows they must maintain cordial relationships to earn the public’s trust. The best way to attain it is by featuring the details of all the parties involved and proper third-party auditing of the books.
While legitimate firms have no problem featuring information about their team members and leaders, scams cannot do the same. Tradenix.io portrays itself as a significant player in the cryptocurrency sector. They make unreasonable claims and push false narratives, but in the end, they cannot share the details of their owners.
Even in their website registration process, they have masked their identity, which means there is no way for the public to find out the owners. Do not make impulsive decisions whenever you come across new ventures with tremendous upside potential and an equal amount of risk. Always remember that nothing comes easy, and if it did, everyone would be a millionaire.
We are not saying you should never take risks, but make sure you know your risk appetite and invest the amount you are comfortable losing.
Exaggerated and Glorified Trading Capabilities
The trading world is filled with fancy indicators, trendy gurus, and all the drama you can imagine. Many people claim to guide the newbies but end up scamming or looting them in one way or the other. Thanks to technological advancement, the markets are accessible to everyone, and the rush from the retail side is surprisingly huge.
Sadly, many people start trading without sound knowledge or strategy. This firm claims to make double-digit returns every month. If their claims were valid, then the founders of the group of fund managers would be the wealthiest person to ever walk on the planet. Trading is a profession wherein to succeed; an individual needs to know and master many elements.
There are many moving parts in the markets, and the strategy that works today may not even be relevant tomorrow. In other words, it is a place that rewards people who are good with changes and are problem solvers. If you cannot keep up with the trends or cannot afford to sit in front of the screens for long, this path is not worth it.
Our goal is not to discourage people interested in trading or investing, but we want them to have a clear idea about the reality of the situation. If you are an aspiring trader, we suggest you invest in yourself and get familiar with the technical and fundamental analysis before opening a live account. Although past performance can never guarantee future results, it is something that you can’t afford to miss.
As Tradenix.io was shut down for an extended period, we had to dig deep to find data about them. Like all the other viral Ponzi schemes, they haven’t left many clues about their operation. Somehow, they have even managed to keep their exact traffic sources anonymous. We got the following data about them using a few online tools such as Alexa and whois.com.
- Domain Registration date – 17/04/2019
- Expiry – 17/04/2021
- Worldwide Rank – Unknown
- Target Audience – Unknown
Apart from the fact that they registered their domain in Panama, we couldn’t find any details, which means the people behind this platform are absolute professionals who are good at what they do.
Affiliates and Promoters
If you Google “Tradenix.io Reviews,” you will find many positive articles. Many shady blogs and channels promote these types of frauds just to make cash. Unfortunately, the retail participants don’t understand the level of conflict of interest present, and they always end up on the wrong side of the equation. The promoters are paid up to 15% of the total revenue amount they bring in, and that’s a considerable number.
As online advertising costs relatively cheap compared to all the other modes, marketers run ads or create manipulated narratives that benefit them. Ultimately, the innocent newbies will be the only ones to lose money. Given how the infrastructure is set up, you should be very careful about the people or the platforms you trust, or else it might be financially fatal.
As Tradenix.io was a pretty popular website, it did leave an extensive trail of customer feedback behind. If you just input the term “Tradenix.io scam” on any search engine, you can find tons of stories about people who lost an enormous amount of money to them. From Reddit to Trustpilot, the number of negative comments about them seems never-ending.
This company is a scam. Do not do anything with them. They would make you deposit you r money in a private wallet of their agent and that is the end of the money. They would not answer you again nor refund the money. Do not even try to do business with them. They are scam
This is a big SCAM. Do yourselves a huge favour. Stay away from this company. People will keep calling as account managers and accounts department and all that but you will never receive a penny. If you check the review, who ever gives a good review will not have any pictures on it. These guys will promise the moon, stars and the sun but you would not get even hell.
Can I recover my money from Tradenix.io?
This scam has been shut down for an extended period, which means if you are a victim, you need to act fast. As a standard rule, disable any cards or bank accounts you have used while dealing with them. If you have used digital wallets, change your passwords and enable 2FA for extra security.
Like most victims, if you have made payments to them via cryptocurrency, the process involved will get a little complicated. Nonetheless, if you cannot get your money back from those crooks, use the contact form below to reach our experts, and we will get back to you as soon as possible.
Tradenix.io, in reality, is a classic Ponzi scheme that uses fake claims and imaginary data. Their real agenda was to keep their scheme alive for longer by finding more victims, but they never managed to find enough participants to keep themselves afloat.
So, they shut down their company and left every investor empty-handed. Thanks to inevitable mistakes they made during the process, it is still possible to track them down, and before the situation changes, the clients should make their move and recover their money.
While it is true that it has been a long time since Tradenix.io shut down its operation, there are still scores of people who never got their money back. Are you one of them? If yes, contact our team immediately to explore the quickest ways of getting your funds.
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