Warning: Is Synxtrade a Scam?

Is Synxtrade (synxtrade.com) a Scam?

Synxtrade (synxtrade.com) has been flagged as a probable scam broker.

Synxtrade claims to be a investment provider, but it appears currently illegal by any credible commission, like the ASIC or CySEC.

Victim of Synxtrade?

If you believe you have been tricked by Synxtrade, act now. Submit the form below to consult our recovery team for a complimentary case evaluation.

Regulatory Check: Synxtrade

Synxtrade operates without supervision.

Investing with unregulated firms is extremely risky. Legitimate firms are always registered with agencies like the FCA, CySEC, or CFTC for your protection.

Synxtrade lacks this protection. As a result, there is no protection if they steal your money. Most investment fraud involve unregulated actors, and getting back funds from them is difficult without expert help.

For example, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In America, they are not members of regulatory bodies, so your capital is completely exposed.

Common Scam Tactics

Investment fraud is evolving. Fraudsters use psychological tricks to take wealth. Here are common tactics seen in sites similar to Synxtrade (synxtrade.com).

Pig Butchering & Romance Scams

"Pig Butchering" is a common method where scammers build trust over weeks. They build a friendship on social media. Eventually, they introduce a special investment. It's a trap to get you onto a fake platform like Synxtrade.

The "Bonus" Trap

Fraudsters build websites that mimic real trading apps. They have charts and balances that go up. But it is a fake. The scammer manipulates the prices to convince you so you invest more. If you ask for a payout, the "profits" disappear.

Other Warning Signs

• Cold Calling: You get calls from "brokers" you don't know.
• Unregulated: The firm has no legal registration.
• Guaranteed Profits: They promise huge profits with no risk.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" first.
• Aggressive Sales: Agents pressure you to invest bigger amounts.

Do not trust positive ratings. Scammers frequently post their own positive comments to appear real.

Verdict

We do not recommend Synxtrade. It appears to be a fraud. Protect your money and use a regulated broker. Avoid synxtrade.com at all costs.