Can you make money by trading Forex? Sure you may. Although the chance of losing all your money is much higher. For this is a risky investment. And if you come across outright scammers, then you will not have the opportunity to make money at all. In the financial markets, charlatans in bulk. A prominent representative of crooks is Titan Trade Club. Representatives of this sharashkin office assure that they work officially, so they can be trusted. Not really. But first things first.
E-mail addresses of the project
- [email protected] – mentioned in the document KYC / AML POLICY. At the moment, the site with such a domain does not work
- [email protected]
Attention! scammers very often change the addresses of their scams. Therefore, the name, site address or email may be different! If you did not find the address you need in the list, but the scam is very similar to the one described, please Contact us or write about it in the comments!
Information about the project
As befits scammers, they call themselves the # 1 brokerage company. It’s funny, because until recently, no one wrote about these nouns. What legend have the charlatans invented for themselves? The most commonplace.
I will quote:
Titan Trade Club today it is the number one choice for any trader looking for high quality brokerage services. This can be confirmed not only by the results and opinions of representatives of the trading community, but also by ratings compiled by leading online publications, rating agencies and financial magazines.
There are no links to well-known online publications, which means there is no faith in these words. But we read further:
Integrity and transparency are two key guiding principles for the company, and both are highly valued by customers. Client network of the group of companies Titan Trade Club around the world there are already tens of thousands of people, and this number is constantly increasing
Honesty and transparency are not about swindlers.
There are three types of accounts on the project. The conditions are:
- $ 1000
- Platform Partial Access
- Active instruments – over 75
- Account manager
- Test drive in 5-7 trades
- Possibility of transaction insurance
- $ 5000
- Platform Full Access
- Active instruments – over 150
- Personal manager
- 3 risk-free transactions
- Account insurance included
- $ 20,000
- Platform Full Access
- Active instruments – 200
- 24/7 support
- Risk-free trades – 10
- Account insurance included
As you can see, crooks ask for a lot of money.
The villains use the trading terminal Utip… You can read more about this software and its developers here:
In short, to the code UTIP have questions. Traders complain that dishonest brokers have access to their personal account and can retroactively change conditions or conclude a deal that is unfavorable for the client at any time. Simply put, scammers lure people into Forex kitchens and then rob them.
+442045770886 – Linden
1 Marsden St, Manchester M2 1HW, United Kingdom – Linden
- Domain TitanTradeClub.com was registered on July 18, 2017
- Owner’s name is hidden
According to the Web Archive, in 2017 the site was located unpretentious HYIP-project. The “Forex broker” appeared only in 2020.
Exposing the project
Any reliable broker must be registered and licensed by a financial regulator. Because the Titan Trade Club provided the office address in Manchester, it can be assumed that they have a certificate from the UK Companies House and a license from the Financial Conduct Authority (FCA). But these documents no.
Well there is no way. Maybe there are Russian permits, as the company actively invites Russians to cooperate? But the company does not have a certificate issued by the Federal Tax Service or a license from the Central Bank. Or maybe such a company does not exist as Titan Trade Club?
I decided to read the documents that the charlatans deigned to publish. The list was short:
- PUBLIC OFFER AGREEMENT
- KYC / AML POLICY
- RETURN POLICY
- RISK WARNING
The texts say that the site belongs to a Polish company – VIRETTA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ… Such a company was found in the registers of legal entities, but judging by the types of economic activities it is engaged in construction and wholesale… That is, it is not a broker!
I don’t know if the Warsaw organization has anything to do with this scam, but since the register is in the public domain, any swindler can copy information from there and appropriate it.
The contracts themselves are a filkin letter. They contain a complete disclaimer of responsibility from Titan Trade Club. But many points are devoted to the duties of a trader. But even if the offer, etc., were drawn up more or less correctly, they would not have legal force, since the Polish company still has no right to act as a Forex broker.
What is the essence of a divorce for money? I think many have guessed. Scammers lure novice traders to the Forex kitchen, imitate trading for a while, and then drain the deposit. Stolen money goes into the pockets of charlatans.
What if you are caught in a crook’s network? Contact the police.
Potential losses on the project
Total: calculation of possible losses – from 1000 dollars and higher.
Conclusion about the project
Titan Trade Club is a fake Forex broker… Fraudsters have created a financial kitchen and deceive traders. The chance to make money on this scam is zero. All your deposits will turn into losses.
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