How These Scams Work
Fake Brokers
Fraudulent broker websites mimic regulated firms. They accept deposits, show fabricated account growth, then block withdrawals. Some clone the branding of real, licensed brokers to appear legitimate. Once you try to withdraw, excuses appear: taxes owed, verification fees, compliance holds. The money does not move. The site eventually disappears.
Bogus Exchanges
Fake crypto exchange websites let you deposit funds and watch a balance grow on screen. That balance is not real. The platform is designed to encourage larger deposits over time. When you attempt a withdrawal, the site stalls, demands additional payments, or goes offline entirely. No regulated exchange operates this way.
Fake Trading Platforms
Some fraudulent websites present themselves as algorithmic or managed trading platforms. They show polished dashboards and consistent returns. In reality, no trading takes place. The figures displayed are invented. Victims are pressured to deposit more before any withdrawal is permitted, and withdrawals are never processed regardless of the amount deposited.
What You Can Do
Report the Website
Submitting a formal report to financial regulators and law enforcement creates an official record and can contribute to action against the fraudulent platform.
Get Legal Guidance
Independent legal advisers connected through SafeReview can assist with filing reports to the relevant regulators and authorities in your jurisdiction.