Trade-Fy.com has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Neuron Markets. We’ve received over 5 complaints against Trade-Fy.com.
Trade-Fy.com, a cryptocurrency trading platform, has made headlines for employing deepfake technology to falsely endorse celebrities, enticing customers with seemingly legitimate offers. This bogus website lacks a physical address, customer ratings, and regulatory compliance, creating serious concerns about its credibility. Users must invest Bitcoin upfront without trial, which is a frequent tactic used in fraudulent scams. Furthermore, the site’s recent domain registration and absence of a direct contact mechanism highlight its fraudulent character, with offers that appear too good to be true and no regulatory monitoring to handle complaints.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Trade-Fy.com Regulated? Do They Have a License?
As the world of online investments changes, cryptocurrency sites have grown quickly, giving people a huge number of ways to trade and make money. But not everything that shines is gold, as the controversial website Trade-Fy.com shows.
This piece goes into detail about how Trade-Fy.com has become a scam cryptocurrency trading platform by using dishonest advertising and harmful technology to run its scams.
Trade-Fy.com is known for using deepfake technology to make videos of famous people falsely endorsing the site. A lot of people are sharing these sophisticated fake videos on social media sites, leading people to believe that Trade-Fy’s trading chances are real and legitimate.
It’s dishonest to use pictures of famous people without their permission or knowledge, because it takes advantage of people’s trust and connection with these people.
Trade-Fy doesn’t have any real online presence—no physical address that can be checked, no real user reviews, and no real regulatory compliance papers. If these important signs of legitimacy are missing from a trading site, it should be a huge red flag for anyone thinking about investing.
Users of Trade-Fy must deposit Bitcoin to activate their accounts, which is not common for legitimate trade platforms. Users usually can explore and use basic features without having to pay anything up front. For starters, this condition is a big red flag that the platform’s main goal is to steal money instead of helping people trade.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Trade-Fy.com is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Trade-Fy.com, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Trade-Fy.com
The Trade-Fy domain name was just created, and it’s likely to be deleted soon. This is a common trick used by scammers to avoid getting caught and making their victims angry. Also, the only way to get in touch is through a general form; there is no direct way to talk to someone or get help with a problem.
The deals that Trade-Fy is advertising, like getting a lot of free Bitcoin when you activate your account, are common tricks that con artists use. They make too-good-to-be-true claims about huge awards with little to no work from the user. This rarely, if ever, works out in the user’s favor.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Trade-Fy.com Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Trade-Fy.com Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Trade-Fy.com tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Trade-Fy.com reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Trade-Fy.com, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Trade-Fy.com enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Trade-Fy.com reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Trade-Fy.com.
You should always look out for consumer complaints. In the case of Trade-Fy.com, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Trade-Fy.com? You can share your complaint in the comment section or submit an anonymous tip.
Is Trade-Fy.com Legit Or a Scam?
Trade-Fy.com is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Trade-Fy.com can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Trade-Fy.com?
Trade-Fy.com is an example of a modern digital scam that uses new technologies, such as deepfake videos, to make it look like the scam is real and trick people into falling for it. The platform’s operations are meant to trick and scam people instead of offering a real financial service.
People who want to use or invest in the platform are highly encouraged to be very careful, do a lot of research, and report any activities that seem fishy to the authorities. Not only does using sites like Trade-Fy put your money at risk, but it also helps scams keep going in the crypto space.
All the evidence suggests that Trade-Fy.com is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Trade-Fy.com a scam?
Can I withdraw money from Trade-Fy.com?
Where is Trade-Fy.com Located?
How do I get my money back from Trade-Fy.com?
How The Trade-Fy.com Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
