Caution! Argostrader is an offshore company! Your funds may be at risk.
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Argostrader Key Features
🔴 Argostrader’s services are questionable – a warning sign!
🔴 Argostrader isn’t licensed – a red flag!
🔴 Argostrader isn’t transparent – a red flag!
🔴 Argostrader creates unrealistic expectations – a red flag!
Argostrader Products and Services
According to Argostrader’s website, it “is an award-winning Forex and Commodities Broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, Rocket Investment has positioned itself as the forex broker of choice for traders worldwide.” So, given the statement, there are many things to discuss, but we’ll address only two. First of all, there is no proof that Argostrader is an award-winning company – they haven’t won even a single prize! And secondly, who is Rocket Investment, and why does its name appear on Argostrader’s website. There is absolutely no further information about this entity given, and because of it, we reasonably suspect that Argostrader is just another fishy website created to facilitate scams.
Anyway, Argostrader provides no information about the trading service, but instead, there are some investment plans with ROIs we can only describe as fraudulent. As seen from the screenshot above, customers are reassured that they can earn 160% for 24 hours, which can’t happen in any possible way. Such profitability is highly unrealistic, and we guarantee that no legit company can provide so much money. So, based on the products and services assessed, we confirm that Argostrader is just an HYIP programme, so it’s highly recommended to stay away from it!
HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can’t happen in any possible way. To put it into perspective, even the largest investment funds can’t secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.
With that being said, you’d better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.
Argostrader Company and Regulation
Argostrader apparently wants to take people for a ride, and we claim so because of the false certificate we came across. You can see it below, and we could tell right away that it’s fraudulent. Nevertheless, we checked the number, and just as expected, we found it belongs to another company, that on top of it all, was already dissolved – CRYPTOCOINSBITRADE LTD. We don’t know what the actual link between Argostrader and the company mentioned is, but whatever the case, the investment service provided is proven unregulated and risky! Beware!
The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients’ money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers’ safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.
The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers’ accounts segregated, ensuring that deposits won’t be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn’t a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn’t regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.
Argostrader Address and Contacts
Argostrader fails to provide contact information, which doesn’t surprise us at all. After all, all details already discussed strongly suggest a scam, and we didn’t expect Argostrader to be transparent. Needless to say, there is a lack of transparency, and it triggers a major red flag – it always does!
Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It’s very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it’s even a more treacherous sign if you come across an entity that doesn’t even provide these crucial details!
Argostrader.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2022-03-19|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Argostrader Safe?
Argostrader is not safe! It’s anonymous, illegal and unregulated, and on top of all that, it provides false corporate information and suffers transparency issues. With that being said, we confirm that your funds will be in danger if you deposit with Argostrader! You’d better avoid it!
For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.
Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country’s regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that’s why they always work without a license.
The HYIPs, in particular, are usually operated as a Ponzi because many investors can withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer – that’s a scam, and you’d better stay far away from entities promising get-rich-quick schemes.