There are many ways for fraudsters to make unlicensed and unregulated black platforms appear as genuine as legitimate platforms, such as falsifying regulations, false advertising, cloning legitimate traders, or confusing the public. Today we are going to talk about a counterfeit VT Markets platform.
VT Markets has been impersonated multiple times
Huiyou said that one thing he has been insisting on doing in recent months is to complain about the counterfeit VT Markets platform, in order to avoid more investors being deceived by this counterfeit platform. According to the victim's friend, he still has $11715 trapped in counterfeit VT Markets and has not paid out.
This is not the first time VT Markets has been impersonated. Last year, another Huiyou claimed to have encountered counterfeit VT Markets. He suspected it because he found that the platform's deposit process was very strange, and the deposit account changed every 30 minutes. At that time, the customer service of the counterfeit platform said, "Our platform's payment account is constantly changed. If you have not successfully transferred the money after more than 30 minutes, please confirm the latest card number with us again." Moreover, the deposit account provided by VT Markets at that time was a private bank account.
Huiyou questioned the authenticity of the platform in person, and the other party even retorted that the registration on industry media such as Aihuicha was not legitimate, and they were the real VT Markets. They just turned the tables and opened their mouths.
How to prevent fraud?
The first Huiyou discovered that the platform was counterfeit only when they were unable to make a deposit, while the second Huiyou discovered an abnormality in the platform while making a deposit. In fact, as long as investors are cautious and carefully verify the platform, even fraudsters with ulterior motives will find it difficult to succeed. Regarding the prevention and identification of counterfeit platforms, the editor has summarized some simple and easy to operate methods, hoping to be helpful to novice users.
1. Do not enter trading platforms recommended by social groups. Based on my years of experience searching for exposure materials, almost all victims fall into scams starting from meeting "netizens" on social groups or websites, and then being lured into fake platforms by scripts or screenshots such as "high profit". Among these groups, you may only be the target of their scam, while the rest are all 'scams', and they will lure you from different perspectives.
2. Before depositing funds, it is necessary to verify platform supervision. Although the effectiveness of regulation varies, platforms with regulation always have complaints and claims. So for previously unfamiliar platforms, it is important to first find their official website to see which country they are regulated by, and then go to the regulatory authorities to verify whether their regulatory information is true and whether there are many negative news online.
3. Stay vigilant and promptly identify vulnerabilities. Just as the second Huiyou can discover that the platform is not working properly, there are many loopholes in fake platforms. For example, if you deposit money into a private bank account, you will always be encouraged to expand your account. As long as you are slightly cautious, you can always find clues.
