Instant Wealth FX - Scam Report
instantwealthfx.biz•Reported: 2/20/2024•Offshore
Very High Risk
Confirmed Scam
DANGER: This broker has been confirmed as fraudulent. Do not deposit any money with this company. If you have funds with them, contact your bank and local authorities immediately.
Executive Summary
Promotes get-rich-quick schemes with fake testimonials. Website frequently goes offline to avoid authorities.
Instant Wealth FX operates a classic get-rich-quick scheme, promising instant wealth through automated trading systems. The company uses fake testimonials and disappears when authorities investigate.
How They Scam Traders
- Promises instant wealth through 'secret' trading algorithms
- Uses fake testimonials with stock photos
- Charges upfront fees for 'exclusive' trading systems
- Provides no customer support after payment
- Website goes offline when investigated by authorities
Scam Timeline
7/1/2023
Website launched with aggressive marketing
11/10/2023
First complaints about non-delivery of services
1/5/2024
Website temporarily disappeared
2/15/2024
Official scam warning issued
2/20/2024
Added to scam broker database
Red Flags to Watch For
Promises of instant wealth
Fake testimonials and reviews
Upfront payment requirements
No customer support
Frequently changing website domains
Evidence Collected
- Fake testimonials using stock photos
- No evidence of legitimate trading systems
- Multiple website domain changes
- Complaints about non-delivery of promised services
Impact Statistics
420
Affected Traders
$3.1M
Total Reported Loss
134
Filed Complaints
Reported Issues
Get-rich-quick scheme
Fake testimonials
No customer support
Website disappeared
Take Action
Share This Warning
Help protect other traders by sharing this scam report.