Scammers Claims from 'TradingPro' and Promises Up To 35 Times Investment Return

Kaveen, a Singaporean investor working in Malaysia, fell prey to an investment scam on Telegram. He thought he had chosen a legitimate investment platform, but he didn't know that the scammers would block him.

What Kaveen experienced happened in a Telegram group called “TRADINGⓅⓇⓄ”, but the victim did not disclose how he joined the group.

He said he often saw people in the group saying they had made a lot of money from their investments, and gradually became interested in what Shafiq, the group administrator, described as “investment opportunities”. The administrator said that the investment service offered by “TradingPro” could deliver a staggering return of 25 to 35 times in three to six hours!

_{User information of the admin&Group info of the investment scheme}

Shafiq also claimed that the probability of successful investment was 95%. Meanwhile, to emphasize the rare opportunity, he claimed that the registration period was limited, and that each investor only had five chances to participate in the scheme.

_{The scammer promised lucrative returns to investors}

What’s more, although the scammers kept mentioning the name “TradingPro” and its logo on the group and their avatars, not any direct connection between the platform and TradingPro could be found from the website (Maxglobaltrd.com) it had provided. Even the company name written on the platform's logo was not TradingPro, but “Maxves Global”.

_{A screenshot of the 'trading account'}

TradingPro is a forex broker that claims to be regulated by the Financial Services Commission (FSC) in Mauritius. Even though the broker had claimed to be registered in Vanuatu, the VFSC portal had no record of it.

Not long after Kaveen made the deposit, his account balance soared to $90,000! Elated, he decided to withdraw these profits.

However, the administrator asked him to pay an additional fee before he could withdraw the funds, which made Kaveen hesitate, as he knew that such additional fees would not appear out of the blue when engaging in legitimate investments, so he approached the platform's staff to discuss the matter.

Unexpectedly, after the arguments, Kaveen not only failed to withdraw his funds, but was instead totally blocked by the scammers. The messages he sent to the platform and its staff were all ignored, which made the victim unable to get in touch with the scammers, let alone ask them to give the money back.

With the increasing number of social media platform users, scammers have long been lurking on various online platforms, eyeing investors' wallets. People should be wary of any investment advice that promises lucrative returns, as the words are often lies used by scammers to lure potential victims.