Welcome to our Row Trade FX review, in which we investigate the website Rowtradefx.com.
Today, March 8, 2023, we received the following complaint by a person who claims being scammed by them for $810:
I invested in a cryptocurrency company called Rowtradefx.com. When I tried to make a withdrawal, they demanded additional fees for a withdrawal PIN, tax code, and OTP. I really need your help to recover all the money I lost.
So is Rowtradefx legit or a SCAM?
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Rowtradefx Review
The domain rowtradefx.com was registered on December 4, 2021 for 2 years through Hosting Concepts B.V. d/b/a Registrar.eu. It is hosted by Hostinger US and currently has no popularity data.
The company behinds this website claims to provide a transparent and easy-to-use trading platform with a focus on customer service, reliability, simplicity, and speed. They offer financial consulting services to investors and trade in various instrument categories. The company operates in multiple countries and has a professional customer service team.
The website is for a trading platform called RowTradeFx, which offers trading in commodities, shares, options, ETFs, cryptocurrencies, indices, and forex. They offer trading with as little as $500, internationally regulated broker, no risk of wallet hacking or theft, and 24/5 multi-lingual live support. RowTradeFx is located in Austin, Texas, and offers a range of options to make the most of an investment. The platform provides information about each of the trading options, including their advantages, and includes a contact form for any questions.
Other contact information includes:
- Email: support@RowTradeFx.com
- Telephone: +15125532983 (a valid Austin, Texas number)
- Address: W 68 OLDWEST AUSTIN TEXAS USA (does not seem to be a valid address)
- a live chat widget
Based on their FAQ, RowTradeFx allows investors to withdraw their profits from all investment plans once the trading period of the package elapses. Deposits and withdrawals are processed through Bitcoin & Ethereum. Profit is returned to investments every 24 hours from the time of activation. The minimum deposit is 500 USD and there is no maximum limit. RowTradeFx bears all trade risks, and if there is any loss that stalls trading, the investor will be refunded their capital.
Is Rowtradefx a scam?
There are various signs that Row Trade FX is indeed a scam.
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First, multiple features of the website do not work, such as the Trading Course, where the Start and Preview buttons do not work, and the link to buy for $1999.12 also doesn’t work. And the video testimonials page also doesn’t work.
Moreover, they offer trading packages with varying minimum and maximum amounts, as well as different percentages of returns. The plans include Trial, Bronze, Silver, Gold, Platinum, and Diamond. The Trial account offers a 100% return on investment within 72 hours with a maximum deposit of $500 and a minimum deposit of $300. The other plans offer returns ranging from 5% to 20% with different maximum and minimum deposits and trading periods.
These returns seem too good to be true.
Also we find the Login and Sign Up pages of Row Trade FX cloned on another domain, globexbitoption.com.
In fact, globexbitoption.com seem very similar to rowtradefx.com and both sites even provide the same address, indicating that both sites belong to the same person.
Finally, we turn to RowTradeFX reviews.
RowTradeFX Reviews
We find the email address support@RowTradeFx.com listed under a different broker, Smart Fx Option Trading (smartfxoptiontrade.com).
In a fakewebsitebuster.com article about satoshiunionprofx.com we find a very long list of websites, which are similar looking clones, many no longer active, such as smartfxoptiontrades.com and rowtradefx.com.
It is concludesd that the website satoshiunionprofx.com is a fake investment platform that claims to generate profits through cryptocurrency trading. The website promises unrealistically high returns, has no company details, and is being operated anonymously from an unknown country.
The website is new and uses a cheap template with copied content used on 444 other likely scam websites. The website has no social media presence and can only be contacted through anonymous email.
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The website and the 444 similar websites are likely scams and should be avoided.
Bottom Line
Based on our investigation, we can confidently say that RowTradeFx is a scam.
The website has various red flags, including non-functional features, unrealistic returns, and cloned pages on other domains.
Furthermore, we found customer complaints and reviews that corroborate our findings.
We strongly advise against investing in RowTradeFx or any of its clones.
Have you been scammed by them? Leave a reply below and let us know.
And if you have lost money online, check out this resource on how to recover funds from a scam.
