Fortradershub Reports & Reviews (1)
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SCAMPULSE
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SCAMPULSE
If you know any contact information for Fortradershub, help other victims by adding it!
Scammer's website fortradershub.com
Scammer's email [email protected]
Country United States
Victim Location DE 19720, USA
Total money lost $1,050
Type of a scam Investment
Hello, this is Mohamed Adan,
I trade and manage accounts on behalf without necessarily getting access to your trading account.
This platform allows you to trade on crypto and earn on a 200% ROI.
Have you engaged in bitcoin trading/forex before?
After a brief exchange, the person named Mohamed Adan sent me a link to register on the website. The message read:
Start by creating your trading account at >>>http://fortradershub.com/register>
I will give you a call and guide you on how to deposit and invest to start earning
He called and explained that I could trade in crypto and earn a 200% return on investment (ROI).
He also mentioned that he would take a 20% commission for every successful trade, and I would get the remaining 80%.
I deposited 300 USD via an mpesa transaction (a mobile money transfer platform in Kenya)
The cash went to a personal account (mobile money wallet) of Hussein Macca telephone number 254724660732
When I ask Adan why it was going into a personal wallet he explained something about the trade wallet being the easiest route to get the crypto required to trade and that I should not worry as the deposited amount would reflect in my dashboard in a few - which it did.
Adan then guided me on how to initiate a trade and suggested selecting him as the trade manager from a list of nine account managers. [Their names were Daud Mohamed, Ann Williams, Klax Klan, Sue Malik, Jeremy Luke, Mike Lorrins, Mohammed Mohamud, Susan Qween, and himself Mohamed Adan}
I followed his instructions and started a 3-hour trade, which was successful, and my balance increased to $900.
I initiated a 3 hour trade as per his instructions and in three hours the dashboard reflected that the trade was a winning trade and the balance in my account was USD 900.
I tried to withdraw only to realize that the system could only allow a withdrawal if I had a minimum balance of USD 3600.
Adan suggested that I top up my account to USD 1,100 so that he could take one trade and reach the withdrawal limit.
He complained that he couldn't earn his commission after every successful trade because of my balance, and he needed the commission to pay for the signals. He said that I was forcing him to take a second trade without the money to pay for the signal, but would oblige all the same since I was a newbie.
I topped up the account to USD 1,100 and the money went into Hussein Macca mobile money wallet (+254724660732) and reflected on my dashboard on the website in a few moments.
Adan called me again and guided me on how to initiate a six-hour trade. By the end of the six hours the balance on my dashboard was USD 3300.
I reached out to him and asked him what next since the amount was still below the withdrawal limit and he suggested two things:
1. Either I wait for the limit to come down to USD 3,300 or less. He claimed that this limit was not static but changed with market dynamics and would most likely come down towards the end of the week when the site was less busy.
2. I top up the account to USD 3,600 and immediately initiate a withdrawal so that he can get his commission and I get my profit.
Anxious to withdraw, I took option 2 and deposited another USD 300 to the same number of Hussein Macca.
The balance reflected on my dashboard after about 30 minutes and my account now had USD 3,600.
When I initiated a withdrawal I received an email from [email protected] that I needed to pay a fee to tax authority so that they could process the payment. The email read:
Hello,
This letter is to serve an official concern to you for the Kenya Revenue Authority accounts associated with your identity. Fortradershub has received your $3600.00 withdrawal request and will process the disbursement with a subsequent $1000.00 company bonus shortly. You need to be a registered member in the blockchain ledger account under Bitcoin cryptocurrency as well as central bank clearance.
The Blockchain public ledger is used as a record-keeping system that maintains participants’ identities in secure and (pseudo-)anonymous form, their respective cryptocurrency balances, and a record book of all the genuine transactions executed between network participants that's you the investor, and the company.
Our policy and guidelines are designed with a goal to make the trading environment and cryptocurrency culture open and safe for all investors at all levels. We expect every investor to respect and follow these guidelines in order to encourage a collaborative and performance oriented trading culture.
You are required a $675.00 fee within 2 hours that will clear your account and facilitate the exchange of value by transfer of cryptotokens between network participants.
Regards
Finance
Fortradershub
So apparently I needed to pay USD 675 in two hours to get the payment processed.
I reached out to Adan and he rudely told me that if I needed my payment processed I would have to pay the money and if I did not pay that money he would email Fortradershub management and lodge a complaint of noncompliance from me so that he could get his commission.
At that point I confirmed my fears that I had fallen for a scam.
a. Firstly, it was suspicious that the deposit went to a personal account instead of a business account.
b. Secondly, the demand for a fee to process the payment was fishy. I decided to cut my losses and not pay the fee.
c. The message had language designed to create a sense of urgency and to encourage compliance, which is a common tactics used by scammers.
d. I confirmed that the Kenya Revenue Authority (KRA) does not maintain its own blockchain public ledger for registering taxpayers or conducting tax transactions.
e. The message also mentioned the need to be a registered member in the blockchain ledger account under bitcoin cryptocurrency, which is not relevant to a withdrawal request or company bonus.
So as it stands, on the Fortradershub.com site my balance read USD 3,600 which I cannot withdraw because I am not sending any more money to Hussein Maca, Mohamed Adan, or any other place Adan directs me to because clearly, he is scamming me and many others.
I believe that the balance reading on the dashboard remains there as the final bait to scam me out of the remaining USD 675 so that they complete this circuit.
This information is shared to benefit others who may fall victim to this cleverly hatched plot that blinded me to so many red flags.