Tradeplex.io has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Volarpro.com. We’ve received over 5 complaints against Tradeplex.io.
Tradeplex.io pretends to be real by using social media and support from famous people. They then scam investors by asking for money up front and locking them out of their money for six months with high broker fees. Its dishonesty is clear from the fact that it is not open, follows the rules, or offers legal ways to get in touch. To avoid scams, investors should check the regulatory state of platforms.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Tradeplex.io Regulated? Do They Have a License?
In the ever-changing environment of digital finance, the appeal of cryptocurrency trading has been tainted by the rise of fraudulent platforms such as Tradeplex.io.
Tradeplex.io cleverly used celebrity endorsements to promote its plans, taking use of social media’s vast reach. This strategy not only gave the platform an undeserved veneer of respectability, but it also targeted a large number of potential victims who were misled by the endorsements of well-known figures.
These strategies are especially devious since they take advantage of people’s confidence and affection for popular persons, pushing them into false investment possibilities.
A specific scenario described concerns a victim who was duped into purchasing Bitcoin and opening an account with Tradeplex.io. The platform later enforced a six-month withdrawal period and then requested an expensive broker fee of $3,500 in Bitcoin to release the funds—a classic fraud tactic.
Such techniques are exploitative, relying on customers’ initial trust and investment before imposing withdrawal hurdles that effectively cage the cash.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Tradeplex.io 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 Tradeplex.io, 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 Tradeplex.io
The Commodity Futures Trading Commission (CFTC) has been very important in finding early signs of fraud in forex and bitcoin trading sites. Tradeplex.io shows a lot of these worrying signs. At first, it usually gets in touch with possible victims without their permission through social media or chat apps, skipping over safer, more traditional ways of talking.
Tradeplex.io also doesn’t have the proper registration to properly trade foreign exchange, futures, or options, which is a big red flag right away. Victims also have a hard time getting help or any kind of justice because the company doesn’t have a real address or reliable customer service. As a very sneaky trick, the platform doesn’t want users to use safe ways to send money.
Instead, it tells them to change their money into cryptocurrencies on trusted platforms before sending it to the scammer’s wallets. This hides the scammer’s identity and stops any possible transaction reversals.
This pattern of behavior makes it very clear that Tradeplex.io’s business plan is to trick and cheat people. The events that happened with Tradeplex.io are a stark warning to people who might invest in the company to be careful.
To avoid problems, people should look into the reliability of any trading platform from a number of different sources, be wary of offers that seem too good to be true, and check with regulatory bodies like the CFTC to see if the platform has any warnings or advisories. By following these steps, investors can keep their money safe in the risky world of cryptocurrency dealing and avoid falling for scams like Tradeplex.io.
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.
Tradeplex.io 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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Tradeplex.io 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 Tradeplex.io 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 Tradeplex.io 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 Tradeplex.io, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Tradeplex.io enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Tradeplex.io reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Tradeplex.io.
You should always look out for consumer complaints. In the case of Tradeplex.io, 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 Tradeplex.io? You can share your complaint in the comment section or submit an anonymous tip.
Is Tradeplex.io Legit Or a Scam?
Tradeplex.io 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 Tradeplex.io 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 Tradeplex.io?
All the evidence suggests that Tradeplex.io 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 Tradeplex.io 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. 
