Is Wallstreet-fx.io a scam? I’m sure by now, everyone is well aware that the world of cryptocurrency is saturated with scams, and from recent reports we have received, it appears that Wallstreet-fx.io is a major player in the investment scam industry.
The Wallstreet-fx.io website appears as a completely professional cryptocurrency exchange website. It presents itself in a flashy manner, making claims of approximately two thousand new accounts opened daily and approximately twelve thousand daily successful trades. Furthermore, it appears that their motto is, “Winning is in our DNA”. However, upon closer inspection, it appears that this website is not as legitimate as it seems.
What Is Behind The Wallstreet-fx.io Scam?
The Wallstreet-fx.io scam is like any other cryptocurrency investment scam: promising big returns on small investments. They often contact individuals through social media platforms or WhatsApp, promoting once-in-a-lifetime “investment” opportunities.
It often seems like a fantastic deal as these scammers promise to make individuals large sums of money from small investments, and better yet, there’s no catch-or so they want you to think. If you haven’t caught on by now, this is one of those situations where if it seems too good to be true, then it likely is.
Along with the relentless pursuit of new clients through social media, these cryptocurrency scams also put a lot of time and effort into curating a website that appears legitimate without further inspection. Crafty websites that promote successful experiences from fake clients that are used to lure potential clients in. It isn’t until you closely inspect the site that you might suspect something is wrong.
How Does The Wallstreet-fx.io Scam Work?
Most of these scams start with unsolicited contact inviting unsuspecting individuals to begin trading and investing with their platform. In the case of Wallstreet-fx.io, it appears they offer a two-week trial period to test the waters before you decide to jump in head first.
After the two-week trial period is over, the next step is to start investing funds. Platforms such as this, often appear to be working for the first few weeks, and clients can see their small investments converting into large earnings.
This false success is used to convince victims to send larger and larger amounts of funds to get even higher earnings. The catch is that all these earnings are fake. Not only this but as the scam progresses, Wallstreet-fx.io ensures that you have to put more funds in than you get back. Bigger buys and smaller sells.
What If You Want To Cash Out Your “Investment”?
Unfortunately, it isn’t a very simple process to withdraw funds from these cryptocurrency trading platforms. Often cash-out requests are met with a barrage of fees that need to be paid to ensure that the platform is operating “legally”.
Wallstreet-fx.io has taken it a step further and has created a system in which accounts “fail” and then require “fixing”. It’s no surprise that “fixing” the account requires a large amount of funds to be sent to the platform.
All these efforts combined are used by the scammers to make you pay additional fees to access your profits. Throughout this process, they manage to fleece you of any remaining funds, as they promise that there is only one more fee and then the money is yours. If you ever find yourself in this position, stop before you get caught in the loop and can’t find your way out.
How Do You Know The Wallstreet-fx.io Website Is A Scam?
If you aren’t a cyber fraud expert, then the chances are, this website may appear 100% legitimate. However, once you are aware of some red flags then the facade comes crashing down. Here is a list of red flags identified on the Wallstreet-fx.io website.
The first concern is that the company has listed an address based in Cyprus however, they provide phone numbers based in Australia and the UK. Furthermore, in their terms and conditions, they mention laws in Estonia and the Grenadines, which implies that there is a legal connection to both Estonia and Saint Vincent and the Grenadines.
If you haven’t already put two and two together, this information is rather contradictory as they claim to be based out of Cyprus but are following laws in two different countries that are not Cyprus. Adding onto these already alarming revelations, there is no company name listed anywhere on the site, further confirming that they are a fraudulent cryptocurrency site.
On top of all that, they claim to have been in the digital market for 11 years, however, a quick search of the domain reveals that it has only been registered since the 31st of January 2024.
We are aware that not everyone is capable of dissecting these details from websites, so thankfully, we have a quick solution to help determine if a website like this is a scam, and that is ScamID.
Cybertrace‘s very own tool is designed to provide users with a risk score of a website to help them identify potential dangers. All you need to do is simply enter the URL for the website, for example, Wallstreet-fx.io and ScamID will inform you if it is all clear or alternatively, if there are risks identified.
Associated domains
Cybertrace has identified a list of domains that are associated with the Wallstreet-fx.io scam.
Directly associated with the Wall Street exchange Brand:
wallstreet-fx.io
wallstreetexchange.co
wallstreetfx.io
thewallstreetexchange.co.uk
thewallstreetexchange.io
wallstreet-fx-client.io
wallstreetexchange-client.io
wallstreetexchange-webtrader.co
Other domains linked to Wall Street via LiveChat Tag:
aiholdings.io
apex360.io
apex360.me
epsilonfx.io
fxactivetrade.com
konohafx.io
oceanfx.io
profit-max.io
singularity-360.com
thenationaltradecenter.io
thewallstreetexchange.co.uk
theworldtradecenter.io
world-trade-center.io
yellowstonefx.io
Have you been affected by one of these scam websites? If so we can help, simply click the button below to contact one of our expert Scam Investigators.
