We received a complaint from an individual who lost over $7,000 on the platform trade101.ai. This platform was introduced to them by a so-called broker named Ann, who was connected to them by someone claiming to be Tomas Peters. The victims trusted the platform and invested money, but when they needed to withdraw funds due to an emergency, they were asked to add more money to complete the withdrawal process. Despite explaining the urgent situation involving their sick children, the platform representatives remained unresponsive, treating the victim with indifference.
This case has all the hallmarks of a typical scam: false promises, unprofessional behavior, and the constant demand for more money. The victim reported that even after contacting Tomas Peters, who had originally persuaded them to invest, they received no help. Instead, they were met with the same evasive tactics.
This experience highlights the predatory nature of these scammers, who take advantage of people’s trust and desperation. The platform trade101.ai and its affiliates, including the broker Ann and Tomas Peters, should be avoided at all costs. We strongly warn anyone who comes across this platform to stay away and report any suspicious activity to the authorities immediately.
Domain Analysis
The domain trade101.ai is registered under NameSilo LLC and is currently active, with its WHOIS information protected by PrivacyGuardian.org LLC. The domain is hosted by Cloudflare, Inc., which is known for providing security and content delivery network services. The IP address associated with the domain is linked to Cloudflare’s network, with the server reportedly located in Toronto, Canada. This information suggests that the domain is likely using Cloudflare’s services to mask its actual hosting details, a common practice among fraudulent websites to conceal their true origins.
When examining the domain’s authority and visibility, it becomes clear that trade101.ai has very low credibility. With a Semrush Authority Score of just two and no organic search traffic, the domain appears new or deliberately kept low-profile to avoid detection. The absence of significant keywords, backlinks, or organic traffic further underscores the lack of legitimacy. There are a few backlinks pointing to the domain, primarily from Russian-language websites that discuss fraudulent brokers, which raises additional red flags about the credibility and reputation of trade101.ai.
The domain’s minimal online presence and the lack of substantial SEO metrics suggest that it is not intended for long-term operation but rather serves as a transient tool for scamming individuals. Privacy-protected registration, low domain authority, and dubious backlinks are strong indicators that trade101.ai is part of a broader scheme to defraud unsuspecting investors. These findings align with the experiences reported in the complaint, reinforcing the conclusion that trade101.ai is a platform to be avoided.
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Trade101.ai Review
The website trade101.ai presents itself as a trading platform offering various financial products, including CFDs, cryptocurrencies, and other assets. However, upon closer inspection of the content provided, several red flags strongly suggest that this site could be a scam.
Firstly, the site mentions contact information, including a phone number +44234567891 and an email address, support@trade101.ai, but there is a notable absence of any physical address or detailed company information that could be verified. This lack of transparency is a major red flag, as legitimate financial institutions are typically required to provide clear and accessible contact information, including their physical address and registration details.
The website also includes various claims about providing “top trading resources,” “intuitive platforms,” and “the most favorable trade conditions,” yet there is no substantial evidence to support these claims. The language used is generic and focuses heavily on enticing users to open accounts and deposit funds without offering any tangible details about the company’s operations, regulatory status, or history. The emphasis on opening accounts and depositing funds, combined with the absence of concrete company information, is typical of fraudulent schemes that seek to attract victims quickly.
Additionally, the website uses various stock images and generic graphics, which do not inspire confidence. The fact that the domain is not indexed on Google is another serious concern, as legitimate businesses typically ensure their websites are easily searchable and accessible to potential customers.
In summary, the combination of vague contact information, lack of transparency, generic content, and the website’s absence from Google’s index strongly indicates that trade101.ai is not a trustworthy platform and should be approached with extreme caution.
Trade101.ai Reviews
The website trade101.ai has garnered significant attention for all the wrong reasons, with multiple warnings and user reviews painting a clear picture of a scam operation. The Financial Conduct Authority (FCA) in the UK has issued a warning against Trade101, stating that the firm is operating without proper authorization and may be targeting individuals in the UK. They strongly advise avoiding any dealings with this platform.
User reviews on Trustpilot reinforce these concerns, with a staggering 94% of the 16 reviews rating the platform with one star. Victims report a variety of deceptive practices, including being pressured into investing more money after their initial deposit. For instance, Vanishree Govender from South Africa shared her experience of being blocked after refusing to transfer her entire crypto balance to prove withdrawal history, saying, “I insisted that he refund my account through the Debit Card which TRADE101 initially used for my deposit. Jonathan Brummer refused to do this.”
Another user, Janet Eberg, described how she was scammed out of her life savings after being asked to deposit additional funds into an account on the pretext of facilitating withdrawals. Her plea, “Please, please get out now before they rip you off big style,” echoes the experiences of many others.
The Belgian Financial Services and Markets Authority (FSMA) has also flagged the platform as fraudulent. The FSMA warns that these platforms manipulate transactions to appear profitable while ultimately preventing any real withdrawals, leading to significant financial losses for victims.
In summary, trade101.ai is widely regarded as a scam by both regulatory bodies and users alike, with numerous reports of fraudulent activities, blocked withdrawals, and aggressive tactics to extract more funds from victims.
The Bottom Line Regarding Trade101.ai
After thoroughly reviewing trade101.ai, it is clear that this platform exhibits all the hallmarks of a scam. The warnings from credible regulatory bodies like the FCA and FSMA, combined with the overwhelming number of negative user experiences, leave little doubt about the fraudulent nature of this operation. Victims have consistently reported issues with blocked withdrawals, high-pressure tactics, and the loss of significant sums of money. The lack of transparency, including the absence of verifiable company details and the use of generic, unsubstantiated claims, further solidifies this conclusion. We strongly advise against engaging with trade101.ai to protect your financial security.
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