Era TradeFx Key Facts
🔴 Era TradeFx sells suspicious products and services. A scam sign!
🔴 Era TradeFx doesn't operate transparently. Red flag!
🔴 Era TradeFx falsely claims to be FCA and CySEC licensed and regulated. Red flag!
🔴 Era TradeFx's domain was registered less than a year ago. A disturbing sign!
Era TradeFx products and services
Era TradeFx offers high-yield investment plans to the public. They failed to specify anything, so we contacted them for more information. They promised that an investor could make $12 000 per week with only $1000 deposited. And there would e a commission of 20% for the services. Such profitability is impossible. Beware.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Era TradeFx company and regulation
Era TradeFx is allegedly a trading name of Era Trade Fx (Europe) Ltd. Our research showed it's a fake company or some offshore IBC that's impossible to trace. However, they claim to be a CySEC and FCA regulated broker, but that's not true. So, it's a scam. To avoid getting defrauded, we urge traders and investors to deposit only with regulated companies. Read on to find out why.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Era TradeFx address and contacts
Era TradeFx doesn't reveal their headquarter address or their contact numbers. It's typical for scammers to hide critical information and remain anonymous because they run fraudulent and non-transparent business.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
EraTradeFx.com website info
EraTradeFx.com is a domain name registered on 18th of March 2020, so it's less than a year old at the time of writing. It's registered on Netherlands IP address: 185.237.147.231 co-hosting 75 websites. Many of the domains are associated with suspicious investment schemes.
Alexa doesn't even rank this domain, so it’s a highly unpopular website people do not trust. The Alexa ranking isn’t a key determinant, but the lack of popularity is a disturbing sign.
Era TradeFx uses privacy protection services to hide ownership. The latest worldwide trend in the privacy policy denies it should be a problem but considering it's an investment service, we might as well consider this a disturbing sign.
Here are other shady investment schemes based on the same IP:
Scam warning
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.