- 1 About Redox Trades
- 2 License and Registration of Redox Trades
- 3 Limitations of Redox Trades
- 4 Safety of funds with Redox Trades
- 5 Scam or Legit Redox Trades
Redox Trades (Redoxtradesllc.com) is coming in the market with a ridiculous sales tag. This is another platform that claims to generate an immense profit margin. And the truth of the matter is the platform is a hoax. After a thorough investigation, we found out that the platform started out as a binary service provider. A while back, the website was going by the name Redox Trade. And this is why we must expose the platform. It IS A SCAM, beware!
About Redox Trades
The platform claims to have been founded in 2013. These are false claims as there is no evidence to back it up. Scam brokers will entice newbies to sign up by selling their reputation. After receiving a number of complaints from investors, we had to investigate. The findings were as expected; Redox Trades is another Crypto and Real investment scam platform mostly targeting European investors. Investors need to read this entire review and find out why they should stay away from the website.
Crypto trading is gaining traction more and more thanks to the huge advantages available. A smart investor knows that success comes thanks to investing in reliable tools. These tools have been the key to traders’ success. They help investors grow their investments in a realistic manner. Scam brokers take advantage of this market by creating cloned websites. And this is why reading reviews from a reputable platform like Scamwarning.xyz helps investors. Get to know more about the traps set by these scam brokers to entice investors. The only one profiting from the platform are the creators themselves, members are just pawns.
Assets Claimed by the Platform
On their about us page, they claim to have a strong technical base for Cryptocurrency trading. Other forms of services available on the platform include Arbitrage Trading and Portfolio management. Real estate is an investment venture that the site claims to recently indulge in. They claim to have attracted investors through online and offline avenues. The platform claims its main goal is to offer solid financial services to investors. These are well-thought-out aims and goals which would attract an untrained eye.
It is a platform that claims to be operated and owned by Redox Trades LLC. The company claims to spearhead the evolution of online investment all over the world. Redoxtrades is a platform claiming to transform the world by offering a number of asset classes. They fail to mention the different asset types. What remains a huge problem with the platform is hiring actors to act as owners of the platform. And this throws away any credibility the platform ever had. The entire platform is a hoax whose owners tend to operate behind the curtain.
Customers and members of the platform are unhappy with the turn of events. The members have gone on social media to lament on the terrible encounter with the platform. Most claim that the support team went away immediately the member’s deposited funds. And this is a classic case of a cloned trading website. These scam artists will create a website where users deposit funds and no investment takes place. And this is why we must expose the platform for the rot they create in the Crypto trading world.
According to genuine and trusted domain registers, this website has a number of issues. It seems the site has made three changes on three Unique IP address over two years. The domain tools show for a fact that the platform was not created in 2013. What these scam artists don’t know is that domain registers keep track of any IP change. And the changes coincide with their earlier domain name Redox trade.
On the homepage, visitors are greeted with a number of videos. The videos are from persons who claim to have won big with the platform. These are the hired actors that scam artists use to fool unsuspecting investors. On their about us page, we have a CNN reporter who talks about Crypto trading. The video on the CNN video feed has been used in a number of Bitcoin scams. And this is another reason to stay away from Redox Trades.
License and Registration of Redox Trades
Redox Trades is NOT LICENSED OR REGISTERED to offer any trading services to investors. What we find odd with the platform is that they claim to have two regional offices. One is in Malta and the other one in Toronto. We reached out to regulators in both jurisdictions to try and confirm their compliance. None of the regulators have heard of this platform. Their parent platform Redox Trade was blacklisted by the CFTC. And this points to why they continue changing their IP address.
The entire platform has no details or documents to prove that the platform is licensed. And this is a real deal-breaker. Without a valid trading license, members are in for a rude surprise. Redox Trades is not insuring any funds deposited on their platform. And this puts a majority of investors at risk. In the event of bankruptcy or winding down, the members will not get any compensation. And this has been the case once the platform changes its IP address. They shut down and have funds belonging to investors.
Limitations of Redox Trades
It offers two sets of account plans on its platform. They have divided the plans into Crypto arbitrage investment plans and real estate investment. The Crypto plans come in three choices which the platform fails to name. They have a guaranteed daily ROI which is another false feature. There is no expert or robot that can guarantee a daily profit margin. The market is volatile and price changes without any warning. And this is why we have to flag their ROI claims.
The second plans involve real estate and they are divided into three. They name the plans Basic, Imperial, and Premier. The basic account holder must deposit $100,000 as the minimum set depository requirement. It seems the real estate accounts only offer their services in three jurisdictions. Only investors from Canada, Dubai, and London are allowed to use real estate plans. As we said earlier, these scam artists are targeting investors from wealthy regions which must stop.
Contact and Support
They are using email and phones as a means of communicating with clients. The problem with emails is they tend to take longer than expected. Members have been waiting for days, or even weeks to get a response. The phone number is ever busy which makes it impossible to get the owners on time. These scam artists are using means which give them the advantage. Members-only get to communicate with the platform when they are about to deposit funds. After depositing funds and opening an account, the support team vanishes.
Deposit and Withdrawal
Depositing with this platform is only limited to Bitcoin. They claim that users can also use bank transfer and the platform will convert the funds to Crypto. Withdrawing funds with Redox Trades is the biggest challenge facing members. None of the members have received any funds after clicking the withdrawal tab. The platform claims to send funds to your Bitcoin wallet which is not the case. Stay away from the platform as it is not a genuine Crypto or real estate investment option.
Safety of funds with Redox Trades
Investors should know that there is no compensation plan on the table in case of insolvency. With withdrawing being an issue, it is clear there is no genuine investment taking place. These are scam artists whose goal is to steal from anyone willing to try them out. Without a valid license, the platform will swindle funds, and recovering them is impossible. No recovery agent will be able to recover funds from an anonymous platform.
Scam or Legit Redox Trades
Redox Trades is a scam that has caused pain to hundreds of investors. Extend a hand and share this post with your family and loved ones. Stay away from any of their affiliate programs which they plan to roll in the coming weeks.
To protect our readers, we will be adding this platform to our blacklist. Stay safe and invest in credible Crypto mining companies. It is time to get the best crypto trading tools. The tools are a safe way of ensuring a trader is safe in the trading world.