Moontradex.com is definitely not a legitimate crypto exchange. We discovered on webparanoid.com that the moontradeex.com bogus website looks exactly the same as the website of another cyber scam – Mictradex.
It may be the same criminal mastermind behind both schemes. In order to find out how the scam works and how to recover your funds from such platforms, read our Moontradex.com Review.
| Regulated by: | Unregulated Exchange Scam |
| Is This Company Safe? | No |
| Known Websites: | moontradex.com |
| Blacklisted by: | N/A |
| Registered in: | Malta (allegedly) |
| Operating since: | 2023-08-20 |
| Trading Platforms: | Web |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | Not Available |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds. |
Legal Info: Is Moontradex legit?
Moontradex.com is not legit, as we previously mentioned. The shady website claims that this exchange is based in Malta but that is not true. You won’t find this entity in any Maltese register. Moontradex.com is essentially an anonymous website that aims to defraud unsuspecting traders.
Like Canz Trades, Moontradex.com is unregulated. Therefore, please avoid this platform at all costs and instead try to find a licensed provider. We recommend platforms that operate under the watchful eyes of top-tier financial market regulators such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), CySEC (Cyprus), BaFin (Germany), etc.
Need help finding the right provider for you? Don’t hesitate to contact us.
Who are Moontradex.com’s Targets?
According to godaddy.com/whois, the moontradex.com website domain was created on August 20, 2023, just over three weeks ago. For three weeks now, the financial swindler has trying to scam traders from the following countries:
- United States;
- France;
- Canada;
- Italy.
Luckily, it seems that some traders are wary of this con website. It didn’t take them long to realize that Moontradex.com uses a fake platform to steal funds.
The data from webparanoid.com also shows that Moontradex.com is dangerous. If you have any useful info that would help shut down the Moontradex scam, please share it with us or with the financial market regulators of the listed countries.
Trader Reviews
Trader reviews are important when assessing whether a trading platform is good or not. For instance, reviews helped us expose the 24xForex scam. As for Moontradex.com, we found just one review, and it’s a complaint – one trader lost money to this scam.
It seems that Moontradex.com claimed its first victim, which is why it’s crucial to raise awareness about anonymous crypto scams. Always check what others say about a certain company before investing your funds. If there are no reviews, avoid the platform.
Moontradex.com Trading Features and Fees
Moontradex.com offers a simple browser-based trading platform. It features a wide range of popular cryptocurrencies that can be traded against Bitcoin, Ethereum, or US Tether. Also, the website mentions a staking program but does not elaborate unless you register an account. The maximum leverage is unknown as well.
As for the fees, Moontradex.com maker/taker commissions depend on the trading level, i.e. trading volume. For instance, Level 1 implies a trading volume lower than 30 BTC with a maker fee of 0.075% and a taker fee of 0.075%.
Having issues withdrawing your funds from Moontradex.com? We can help you recover your funds.
Referral Program – Ponzi Scheme?
Moontradex.com appears to be operating a referral structure that raises serious concerns. They are offering a lucrative 40% commission on fees paid by individuals referred by others, which is a huge percentage given that the majority of referral programs offer a commission not higher than 10%.
Moontradex.com’s referral system is highly unsustainable and is a classic characteristic of Ponzi schemes. Ponzi schemes rely on new investments to pay returns to earlier investors. When there aren’t enough new investments to sustain these returns, the entire scheme collapses.
The fact that Moontradex.com is promoting such an excessively high commission on referrals strongly suggests that a Ponzi scheme is indeed at play. This is yet another reason to avoid Moontradex.com altogether.
Moontradex.com Withdrawal Process
Since Moontradex.com pretends to be a crypto exchange, the website has been designed accordingly. The scammer’s goal is to disguise the scheme as a trading platform that is supposed to “trap” all deposited funds. Traders are prompted to buy crypto via two available payment methods:
- Credit/debit cards;
- Wire transfers
The deposit fees are slightly higher than the withdrawal fees. It also slightly varies depending on the cryptocurrency that is being bought. For instance, the BTC deposit fee is 0.00008 (2.09 USD) while the withdrawal fee is 0.00019 (4.95 USD).
Since Moontradex.com is unlikely to respect the refund policy and fulfill your withdrawal request, you must use alternative methods to get your funds back. So how to withdraw from Moontradex? We recommend a chargeback/recall.
MasterCard and VISA card transactions can be reversed via a chargeback, which can be requested at the issuing bank within 540 days of the transaction. Wire transfers can be reversed via a recall but only if the transaction is not yet complete.
Key Information To Consider About Moontradex.com
To sum up our review, Moontradex.com is an anonymous crypto exchange scam that has been active for about three weeks. The main targets of this fraudster are traders from the US, Canada, France, and Italy.
Our verdict is that Moontradex.com is nothing but a scam that should be avoided and reported to the authorities. If you have fallen victim to Moontradex.com and cannot retrieve your money, we offer our professional services and assistance. Book your free consultation with us today!
Let us know if Moontradex.com scammed you.
FAQ Section
What is Moontradex.com?
Moontradex.com is an anonymous cyber scam that pretends to offer crypto trading services.
Is Moontradex.com a Scam Or Legit?
Moontradex.com is undoubtedly a scam. The website is anonymous and the platform is unregulated.
Can I Delete My Account From Moontradex.com?
According to the website, you can only block your account. Don’t waste time. Get in touch with us and we’ll help you get your money back.
