Grandexhanges Review – Is Grandexhanges a scam or legit?
In this Grandexhanges review, we will talk about the reasons why Grandexhanges is listed among the fraudulent brokers 2024 list by Fraud Complaints and guide how victims of Grandexhanges can reclaim their lost funds.
Basic Details for Grandexhanges
Website: https://grandexhanges.com/
Website Availability: No
Official Address: 123 Fifth Avenue, New York, NY 10160, United States
Regulation: No Regulation
Warned By: Not Recommended By Review Website Like Fraud Complaints
Domain Status
- Domain Name: GRANDEXHANGES.COM
- Registry Domain ID: 2735489090_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.namecheap.com
- Registrar URL: http://www.namecheap.com
- Updated Date: 2023-11-29T15:48:19Z
- Creation Date: 2022-10-30T21:48:13Z
- Registry Expiry Date: 2024-10-30T21:48:13Z
Grandexhanges, a broker that has attracted numerous investors, has been flagged for operating without valid regulation. This means the company is not supervised by any recognized financial authority, placing investors at significant risk. In the world of trading, proper regulation ensures a level of accountability, transparency, and protection for clients. The absence of regulation with Grandexhanges suggests that the company is not bound by these legal safeguards, which is a huge warning for anyone considering investing with them.
Fraudulent Practices Reported by Investors
Several reviews have highlighted troubling practices employed by Grandexhanges. One investor’s experience details the manipulative tactics the broker uses to lure individuals into its schemes. Initially, the company allows clients to trade and even see profits, creating a sense of trust. However, the real issue arises when the investor attempts to withdraw their earnings.
According to one report, when a withdrawal request is submitted, Grandexhanges falsely claims that there is a “pending deposit” and requires the client to make an additional deposit to “settle” this amount. This tactic is designed to exploit the investor’s desire to recover their funds and force them into sending even more money.
Withdrawal Traps: The Visa and MasterCard Scam
Even after the second deposit is made, Grandexhanges doesn’t stop there. Investors are then told they must purchase a Visa or MasterCard from the platform itself to facilitate the withdrawal process. The price for this card can range between $250 and $750, an outrageous fee that adds to the financial burden of the investor.
This unethical method of forcing clients to pay for a card to withdraw their funds is a blatant scam. By creating unnecessary hurdles, Grandexhanges makes it nearly impossible for investors to retrieve their money.
Why You Should Avoid Grandexhanges
In conclusion, Grandexhanges operates as a fraudulent platform, tricking investors with fake promises of profits and withholding withdrawals through deceptive strategies. Given the unregulated status of this broker and the numerous reports of fraudulent activity, it is strongly advised to stay away from Grandexhanges. Stay vigilant and only work with regulated brokers to safeguard your investments.
Grandexhanges Review – How to Claim a Refund from Grandexhanges?
If you have already fallen victim to Grandexhanges fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from Grandexhanges.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
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Note: The Grandexhanges review is influenced by some existing reviews online and we have created an original review based on known facts. We are not responsible for any legal actions taken by any entity favoring Grandexhanges company.