Amaxcrown Ltd is a scam crypto and Forex trading platform which claims to offer a host of financial products together with a training academy.
However, the platform is fake and is being used to scam would-be investors out of their cash and crypto.
Many victims have been approached on social media, befriended, then encouraged to invest, soon seeing their profits grow.
But when they try to withdraw their money, they’ll find their accounts are blocked and the scammers will start demanding a range of fees to free up their assets, but this is another trick used to steal more money.
Spotting the Amaxcrown Ltd scam
Here are some of the giveaways that show this platform to be a scam:
- A new domain name registration.
- Grammatically incorrect text on the website.
- Unrealistic returns on offer.
- No social media presence.
- No official licensing or regulation.
- Internal links that lead nowhere.
- A fake company HQ address.
- Numerous scam reports online.
You should collect as much information as possible about what’s happened and pass it on to the authorities in your country.
There are also private companies that might be able to help which I’ve written about here.
Have you had any experience with this platform? Kindly share your thoughts in the comment section to help others stay informed and safe.