Welcome to our Upstox Trading Option Review regarding the website currently found at upstoxtradingoption.com, which is a possible cryptocurrency scam.
On March 10, 2023, we found the following complaint on the Better Business Bureau (BBB) Scam Tracker left by a western Idaho, US person:
The account manager, Emily Sherman, transferred my Bitcoin into an account, but I was never able to withdraw my profits. There were reasons given, such as needing to upgrade my account to withdraw or pay a withdrawal or maintenance fee to receive money back into my account.
Emily used Instagram’s platform @thatssoal_yes, and the number attached to the online site is showing to be located in Loveland, Ohio. She also hacked other accounts to make others believe in this investment process.
Reported scammer location: Loveland, Ohio, USA. (Most likely false.)
Telephone number: (513) 900-1531 (a Cincinnati, Ohio, USA area code).
The domain upstoxtradingoption.com was registered on October 29, 2022 for one year through eNom, LLC by a registrant that may be located in Lagos, Nigeria. It is hosted by Server Central Network.
The domain has a 0% Semrush Authority score with just two backlinks. Two from trustedrevie.ws and one from scam-detector.com.
Upstoxtradingoption.com is rated with a medium-low trustworthiness by Scam Detector. The website has a rank of 39.1 out of 100 and is flagged as controversial, risky, and having red flags.
It has a proximity to suspicious websites score of 17/100 and has a threat profile score of 45/100, a phishing score of 29/100, a malware score of 45/100, and a spam score of 9/100.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
A review of the website suggests that it is not a legitimate website for trading.
They also have reviews on TrustedReviews, one stating that the site appears unsatisfactory.
What is UpstoxTradingOption?
The website upstoxtradingoption.com claims to be a trading platform that allows users to invest in cryptocurrency, particularly Bitcoin mining.
The platform offers various trading options and advanced security protocols.
They claim to provide traders instant deposits, lightning-fast execution, worldwide market access, tight spreads, and best client support.
Upstox Trading Option also provides auto-trade bot technology for automated trading.
The website displays recent withdrawals by members and their respective investments as well as a list of pending transactions.
It offers a sign-up option where no verification documents are required.
Users can select a package and fund their account with Bitcoin or other cryptocurrencies.
The investment plans offered by the company have minimum amounts for investment, with anything lower considered a donation.
To invest, register and fund your account, then purchase one of the investment plans to receive, they claim, daily or hourly profits.
Upstox Trading Option offers four trading plans – Starter, Silver, Gold, and Platinum – with different deposit requirements, expected returns, profit percentages, withdrawal fees, and durations:
- Starter Plan: Requires a deposit of $50 or more, with an expected return of at least $300 – $1,521. It provides full access to all features, including more than 75 assets, 17% hourly profit, and a personal account manager. The withdrawal takes less than 48 hours to process, with a withdrawal fee of 2%. The plan duration is one month.
- Silver Plan: Requires a deposit of $200 or more, with an expected return of at least $2,352 – $9,408. It provides full access to all features, including more than 75 assets, 32% hourly profit, and a personal account manager. The withdrawal takes less than 48 hours to process, with a withdrawal fee of 5%. The plan duration is one week.
- Gold Plan: Requires a deposit of $1,000 or more, with an expected return of at least $9,750 – $17,550. It provides full access to all features, including more than 75 assets, 6.5% daily profit, and a personal account manager. The withdrawal takes less than 48 hours to process, with a withdrawal fee of 5%. The plan duration is one week.
- Platinum Plan: Requires a deposit of $10,000 or more, with an expected return of at least $21,000 – $105,000. It provides full access to all features, including more than 75 assets, 60% daily profit, and a personal account manager. The withdrawal takes less than 48 hours to process, with a withdrawal fee of 5%. The plan duration is one week.
It is important to note that these plans come with a high level of risk, and the promised returns may not be guaranteed.
There are several red flags that you should be aware of, such as the promise of high returns with low investment, lack of transparency regarding the company’s ownership and background, and the absence of regulation by any financial authority.
The company claims to make profits through a legal practice called “pump and dump,” where they artificially increase the price of a cryptocurrency they hold and sell for profit.
The company also offers a referral program where you can earn up to 10% more return per plan for each person you refer.
Their copyright says © 2021 Upstox Trading Option while we are currently in 2023.
Who is behind upstoxtradingoption.com?
On their Terms and Conditions page, they disclose the name of their company: Upstox Trading Option, Inc..
Upstox Trading Option also offers automated trading through its advanced trading robots, which are made by their in-house programming team. The in-house backtesting and strategy developers focus on the dynamic trading environment. The State of the Art AutoTrade bot technology (ATBT) is said to be one of the most powerful trading robots for automated trading.
Regarding the people behind the company, no information is provided on the website. This lack of transparency raises a red flag as it is always essential to know who is behind a trading platform before investing money. Investors should have confidence that the platform is being run by reputable individuals or a reputable company.
Over at the About us page, we find three images of people who are allegedly involved in Upstox Trading Option.
- Amelia Fiedor is a Consultant.
- Aaron Graham is a Top Trader.
- James Chris is a Consultant.
There are links to the Facebook and Instagram for each person, but they do not work.
The pictures, you may have guessed are fake.
Amelia Fiedor is actually Marietta Fiedor, a Polish singer and traveler.
Aaron Graham is actually a Bishop Paul Lanier from Hope Community Church, IFCJ Winston-Salem, North Carolina, USA.
Finally, James Chris appears along with “Aaron Graham” on at least two Upstoxtradingoption.com clones which are currently online at primeswifttrade.com and miningexchangetrade.com.
There seems to have been additional clones, which are currently defunct, such as fstboker.com, apexstreamsmining.com, and indexcryptofx.net.
Furthermore, the website claims that clients can start trading instantly by opening an account with just an email address without verification documents required. This feature raises another red flag, as it is essential to have a proper KYC (Know Your Customer) procedure in place for trading platforms. Without proper verification procedures, the platform could be used for illegal activities such as money laundering, which could have serious legal and financial consequences.
Links to social media such as Facebook, Twitter, LinkedIn, YouTube, and Instagram do not work.
Phone number is: +1(513) 900-15312. This is an invalid number and we also find it on another upstoxtradingoption.com clone: crptexinvestors.com.
Online support is provided 24/7 via a contact form and a live chat widget.
Upstox Trading Option Reviews
Searching for mentions of Upstox online, we discover a handful.
There’s a Github project that maintains a blocklist of dangerous websites, and upstoxtradingoption.com is one of the websites on the blacklist.
Globalantiscam.org is another list of scam sites which contains UpstoxTrading Options.
We could find no Upstox TradingOptions reviews.
The website upstoxtradingoption.com is a cryptocurrency trading platform that appears to be a scam. The domain was registered by someone located in Lagos, Nigeria, and the website has a low trustworthiness rating by Scam Detector.
The platform claims to offer various trading options and advanced security protocols, but it has several red flags, including a medium-low trust score, high threat profile score, and a spam score of 9/100.
Upstox Trading Option offers four trading plans with different deposit requirements, expected returns, profit percentages, withdrawal fees, and durations, but investing in these plans comes with a high level of risk, and the promised returns may not be guaranteed.
We believe therefore that Upstox Trading Option is likely a cryptocurrency scam.
The website claims to offer a trading platform for investing in cryptocurrency, particularly Bitcoin mining, but its trustworthiness and legitimacy are highly questionable.
The website has a low Semrush Authority score and is flagged as controversial, risky, and having red flags.
It also has a proximity to suspicious websites score of 17/100 and has a threat profile score of 45/100, a phishing score of 29/100, and a malware score of 45/100.
Moreover, the investment plans offered by the company have minimum amounts for investment, with anything lower considered a donation. The plans come with a high level of risk, and the promised returns may not be guaranteed.
Additionally, the website offers auto-trade bot technology for automated trading, and users can select a package and fund their account with Bitcoin or other cryptocurrencies. However, the website displays recent withdrawals by members and their respective investments, but there is no evidence that these are legitimate transactions.
The BBB complaint and the review on TrustedReviews further suggest that upstoxtradingoption.com is not a legitimate website for trading. The complaint alleges that the account manager transferred Bitcoin into an account, but the user was never able to withdraw profits. This is a common tactic used by scammers to lure investors into depositing money into fraudulent trading platforms. The review on TrustedReviews also states that the site appears unsatisfactory, which further supports the conclusion that upstoxtradingoption.com is likely a scam.
In conclusion, investors should exercise extreme caution when dealing with websites like upstoxtradingoption.com.
It is always advisable to conduct thorough research and due diligence before investing in any trading platform or cryptocurrency.
Additionally, investors should be wary of promises of high returns and be mindful of the risks involved in trading.
Discount brokers like Upstox offer legitimate trading features, but they are not affiliated with upstoxtradingoption.com or any other suspicious website.
If you have fallen victim to online scams, please comment below. If you have suffered a substantial financial loss, do not despair. We are here to assist you in recovering your funds!
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