Arbitrage King has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Eastspringone. We’ve received over 5 complaints against Arbitrage King.
Eastspringone.com is a Ponzi scheme that entices investors with a 3.2% daily return while capitalizing on cryptocurrency’s complexity. It lacks openness and regulation, which raises red flags. The technique creates false trust with initial returns and bogus reviews. Investors are having trouble withdrawing funds, and the site will eventually fail. Always confirm a company’s regulatory and licensing status.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Arbitrage King Regulated? Do They Have a License?
Arbitrage trading is a well-known and legitimate trading practice utilized in a variety of financial markets, including the cryptocurrency market. It entails purchasing a cryptocurrency at a lower price on one exchange and then selling it at a higher price on another, benefitting on the price difference. This strategy has shown to be a dependable way for traders to benefit by taking advantage of price differences between platforms. However, the “Arbitrage King” scam has soiled this lawful process by utilizing it to conceal illicit actions.
The “Arbitrage King” fraud is simply a Ponzi scheme that poses as a real arbitrage trading platform.
The scam obtains popularity by active promotion on different internet sites, including as social media, YouTube, and Discord channels. These advertising frequently include promises of big returns on investments via arbitrage trading. The temptation of quick and substantial gains entices many naïve investors.
Investors are urged to deposit cryptocurrencies into the platform, such as Bitcoin (BTC) or Tether (USDT). Initially, the platform may display fictitious profits to foster trust and entice additional investment. These phony gains instill in investors a false sense of security and legitimacy.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Arbitrage King 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 Arbitrage King, 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?
Concerning Issues Present at Arbitrage King
When investors try to withdraw their funds, they confront a number of barriers. The platform may charge exorbitant withdrawal fees, cause delays, or completely block withdrawals. These strategies are used to keep investors from withdrawing their money, locking them in the scam.
To appear complex and trustworthy, the fraud frequently promises to use advanced AI algorithms and automated trading systems to carry out arbitrage deals. These assertions are intended to build trust in investors. However, in practice, these assertions are usually untrue, and no actual trading occurs.
Promises of large, guaranteed profits with little to no risk are a huge red flag. Legitimate investing possibilities rarely provide great returns without associated dangers.
The platform may disclose limited information about its operations, team, or trading tactics. Transparency is critical to developing trust. Difficulty with withdrawing funds is a classic sign of a fraud. Legitimate platforms often offer clear and simple withdrawal protocols. Scammers frequently encourage victims to reinvest gains or find new investors. This pressure is typical in Ponzi schemes.
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.
Arbitrage King 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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Arbitrage King 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 Arbitrage King 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 Arbitrage King 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 Arbitrage King, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Arbitrage King enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Arbitrage King reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Arbitrage King.
You should always look out for consumer complaints. In the case of Arbitrage King, 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 Arbitrage King? You can share your complaint in the comment section or submit an anonymous tip.
Is Arbitrage King Legit Or a Scam?
Arbitrage King 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 Arbitrage King 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 Arbitrage King?
The “Arbitrage King” fraud uses the legitimate concept of arbitrage trading to deceive investors into a Ponzi scheme. The scam generates confidence and draws investors by employing deceptive strategies such as bogus returns, AI trading claims, and false testimonials. However, these strategies are intended to snare investors and ultimately leave them with severe financial losses.
To avoid such scams, undertake comprehensive due investigation before investing in any arbitrage trading platform. Investors should avoid systems that promise unrealistic profits, lack transparency, and cause withdrawal complications. Recognizing these red indicators will help you avoid falling prey to fraudulent scams.
All the evidence suggests that Arbitrage King 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
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How The Arbitrage King 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. 
