Copyexptrade Review – Scam Company Swallows Investment Funds
Copyexptrade has such a catchy name, doesn’t it? It just slides off your tongue. Sarcasm aside, it is difficult to believe somebody would choose a borderline unpronounceable name for their company like that.
It’s not strange for scam companies, though. They look for domain names that would get as many matches through search engines as possible. So, they mash up different keywords and hope for the best.
Unfortunately, the best for copyexptrade.com scam means you lose all your money. Read our Copyexptrade Review and stay safe on the internet!
|Is This Company Safe?||No, unregulated companies are not safe!|
|Have Warnings from:||N/A|
|Registered in:||Not Registered|
|Trading Platforms:||Web Platform|
|Maximum Leverage:||1:20 (Alleged)|
|Minimum Deposit:||$3 000|
|Trading Assets:||Forex, Cryptocurrencies, Crypto CFDs, Stocks, Real Estate, Infrastructure, NFP, Binary Options|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Unregulated companies are unlikely to let you withdraw. Contact our legal experts for more information on chargreback.|
Labyrinth Of False Licenses
The swindlers behind Copyexptrade claim to be a company registered in the UK, with the registry number 13519515. The given address is Flat 28 Snowman House, Abbey Road, London, England.
These corporate credentials, however, belong to GLOBAL .T. FINANCIAL LIMITED, a firm that was dissolved in January 2023, as you can see with the Companies House.
Copyexptrade also claims that their corporate HQ is situated at 225 Central Park West, New York. While investigating the databases of the US CFTC and NFA through their “BASIC” search engine, we found no company information.
Since the Copyexptrade Scam offers investment services in other nations as well, we searched the databases of the BaFIN, NewSRO, FINMA, FMA, AMF, CONSOB, CNMV, CVM and CBR.
Because the name Copyexptrade contains 3 main search keywords, we found thousands of results… But none of them were about a company named Copyexptrade or their license – it’s all a web of lies!
Scammers Work All Over The World
The Copyexptrade Scam was launched in February 2023, which is just one month after GLOBAL .T. FINANCIAL LIMITED was officially dissolved! It is common for fraudsters to “slip into the skin” of a different entity. The copyexptrade.com website is hosted by a Brazilian domain service, which just adds to the general confusion.
Copyexptrade pushes their services in all parts of the world:
- United Kingdom
- United States
Every new company has difficulties with attracting clientele without aggressive marketing campaigns. For frauds like Copyexptrade, FirewoodFX and many more, the Boiler Room Agents manage the marketing.
The Boiler Room Agents actively sift through phone books, emails and company registers and pester people to invest. Using lies and deceit, they promise the world, but only leave ruin in their wake.
Perfect 1-Star Reputation
You can’t expect any company to have a totally perfect reputation online. Copyexptrade has somehow managed to do just that, but their reputation has a perfect score of 1-star ratings. Head over to Trustpilot, and see for yourself.
Here is what the victims of the Copyexptrade Scam have to say:
“ This website should be completely avoided at all costs. It’s a scam site and I had $5000 stolen from me this week immediately after I funded an account. […] “
“ I got scammed by them lost 1200 dollar. They told me to deposit bitcoin to the website then i changed my mined and want it to withdraw my money and then nothing happend just pending ,pending,pending forever and no transactions informations. […] “
“ scammers are using this domain to defraud, contacting targets and attempting to have them setup accounts and deposit information for ID theft and deposit funds. […] “
We’d like to let you, our readers, know that your money is not lost with Copyexptrade Scam. Contact our legal experts for aid in recovering assets from this fraudulent company.
Copyexptrade Hide The True Trading Costs
Different trading conditions are available for different asset types, and not all of them are clearly outlined. Forex Pairs Spreads start at 1.9 Pips with commission of $8/Lot at 1:20 Leverage.
Cryptocurrency CFDs have a 1:2 leverage, but no information about commission. Other trading assets are even less clearly defined.
Advertised investment plans claim guaranteed profits ranging from 20% to 45%. The commission is claimed to be 10% of deposited assets, and if you count in the $8/Lot for Forex for instance, the costs stack up quickly.
Trading Features Overview
Copyexptrade is not a regulated firm, which means their investment plans are just recurring billing campaigns that will inevitably drain your funds without any returns.
The company simply doesn’t want you to know about any of the trading features, they want you to invest blindly and hope for the best. Such lack of transparency is actively abused by other frauds like GSI Markets as well.
Horrible Trading Platform
Although Copyexptrade heavily advertises their Copy Trading plan, there is nothing that would indicate any such functionality. The trading application is web-based, and does not require any download and installation.
The little insight you do get in trades is streamed through from TradingView, but it’s locked at first. To unlock it, you need not only deposit, but contact your Wealth Manager as well.
Illegal Trading Instruments
Copyexptrade offers some trading assets that are illegal in most nations, such as Binary Options and Cryptocurrency CFDs. This does not help with their credibility.
Here is what Copyexptrade claims to offer:
- Forex (EUR/NOK, USD/DKK, USD/SEK, EUR/TRY)
- Cryptocurrencies (Bitcoin, Litecoin, Ethereum, Ripple)
- Cryptocurrency CFDs (Bitcoin, Ethereum, Cardano, DogeCoin)
- Stocks (Apple, 3M, IBM, Pfizer)
- Real Estate (Office, Retail, Multifamily, Hospitality)
- Infrastructure (Utilities, Transport, Data)
- NFP for Forex Pairs (EUR/USD, USD/GBP, GBP/CHF, EUR/JPY)
- Binary Options (All Available Assets)
Different Investment Plans
Copyexptrade does not offer traditional account types, but investment plans. They are divided by the amount of money a client should deposit, as well as for how long the positions are allegedly held.
Here is what Copyexptrade offers:
- STANDARD PLAN – $3 000
- MASTER PLAN – $5 000
- PREMIUM PLAN – $10 000
- ULTIMATE PLAN – $20 000
- CORPORATE PLAN – $50 000
No Education, Only Advertisment
Allegedly, all education materials are available through the live chat. This would mean that you’d receive active tutelage from a dedicated support agent.
Imagine having a dedicated teacher to tell you all about the world of finance, for free! Unfortunately, it’s just a bit of false advertisement, and in reality there are no education materials to speak of.
Dubious Withdrawal Methods
Both the deposits and withdrawals at Copyexptrade are handled through cryptocurrency transfers. To call this problematic would be an understatement. Crypto Transfers are almost completely untraceable without specialized software like CypherTrace.
Unfortunately, we are aware that the Copyexptrade scammers won’t let their clients withdraw. There are still ways to recover your assets, though. Book a free consultation with our experts via the live chat for more information.
Unresponsive Customer Service
Allegedly, you may contact the Copyexptrade Customer Support via a number of ways. Nobody picks up the phone, or reads emails. If you use Live Chat, the chatbot will tell you that everybody is currently busy, and that they’ll let you know when an agent is available.
Creating a support ticket doesn’t do anything either. The only thing we didn’t try is sending a letter, but we have a distinct feeling nobody would open it.
The Expert’s Final Opinion On Copyexptrade
The company regulation is a maze of lies and false registrations. They offer illegal trading assets on a platform that is barely functional, and the customer support never answers.
If you have invested with the Copyexptrade fraud, consider contacting our recovery experts. We have ample experience in charging back money from scammers just like Copyexptrade. You may reach us via the live chat at any time, and book a free consultation session.
What Is CopyExpTrade?
Copyexptrade is an illicit Investment Firm that offers banned trading instruments.
Is CopyExpTrade Regulated?
No, Copyexptrade is not licensed or regulated in any financial jurisdiction. For help in charging back money from this investment scam, contact our legal experts via the live chat.
What Are The CopyExpTrade’s Products And Services?
Copyexptrade allegedly offers Copy Trading, Investment Programs, Financial Planning, Personal Wealth Planning and Retirement Planning.
How CopyExpTrade Works?
Copyexptrade works by stealing your money. They use Boiler Room Agents to persuade people into investing with the company.