PlatiniumFund Review: Platiniumfund.com Dull Forex Scam

PlatiniumFund (Platiniumfund.com) is another ruthless CFDs and Forex scam platform to hit the lucrative trading world. Platinium Fund is claiming to be one step ahead in the trading world. The website claims to give users the chance to have the financial markets at their fingertips. With this kind of claims, unsuspecting investors have signed up without a second guess. Make sure to read this transparent PLATINIUMFUND Review for more details.

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PlatiniumFund Review

We have been receiving numerous complaints from members of Platinium Fund. Most of these complaints centered on the platform’s inability to release funds. Withdrawal is a major problem as a majority of members claim to have been blocked from accessing their funds. And this is where we draw the line as a platform is supposed to allow deposit and withdrawals. A platform with no withdrawal policy is not a trading platform but a scam. And this is why we have to expose these scam artists.

After searching the entire website, one thing is clear, PlatiniumFund is a cloned website. From a newbie’s point of view, this looks like a perfect trading platform. Far from it, Platinium Fund is another rotten online platform deceiving investors. Thanks to our years of investing and trading, we know how to spot a scam from a mile away. Ensure you read this entire review as we expose some of the tricks used by these scam artists. It is better to stay safe than sign up and lose all your deposit.

About PlatiniumFund

PlatiniumFund is claiming to have assets such as commodities, crude oil, indices and stocks. Sure, this is what should be on a trading platform, assets used for trading. A closer look at their contact page reveals the platform claims to be located in Austria. And this is a bit odd as their code is +800 which is North American code. Where exactly this platform located still remains a mystery, none of the Austrian brokers have heard of it. And there’s more to how deep the scam goes.

Anonymity is another issue as no one knows who actually owns this platform. Is PlatiniumFund owned by a company or a group of trading professionals? Who are the founding members of this platform and where can we reach them? These are details which should be on their website. No history regarding the platform can be seen on the website. And this is proof we are dealing with a horrible platform. Anyone who deposits funds with an anonymous website is bound to lose their funds.

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Is PlatiniumFund licensed or registered?

There’s no way an anonymous platform can be licensed to operate a brokerage service. Just to confirm what we know, we reached out to regulatory bodies in America and Austria. The NFA which is the American Futures licensing body does not have a platform licensed under this name. In Austria, the FMA does not have any platform licensed under this name. And this is why we have flagged PlatiniumFund as an unregulated online entity. Your funds are never safe with such a platform.

When you check out the document’s page, no copies of their license certificate exist. The entire website has no proof that the platform is dully licensed to operate a Forex platform. Disclaimer at the footer of the homepage does not have any number listed as a license or registration number. And this is concrete proof we are dealing with a hoax. Investors who plan to associate with this platform are in for a surprise. These are offshore scam artists who will steal your money and shut down the website within a few months.

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Advantages of PlatiniumFund

After thoroughly looking at the entire website, we could not come up with any trading advantage. The platform is a hoax and has no valid trading license or documents to prove otherwise. Complaints have come from all parts of the world from unsuspecting investors. The fact that no one has made withdrawals is proof enough not to associate with this platform. Make sure you never sign up with any of their affiliate programs listed as extra ways of making money.

Disadvantages of PlatiniumFund

Account types

PlatiniumFund is furnishing users with four account types to choose from. Accounts are listed as Mini, standard, Gold, and Platinum. The first problem we noticed with these accounts is the high minimum deposit. For the mini account, users are required to deposit over $500 to start trading. The amount listed is high considering the industry has set $250 as the acceptable minimum deposit. These accounts have similar features which makes us question the intention of the website.

Contact and Support

When it comes to dealing with questions from members, the platform hides from this responsibility. With today’s advancement in technology, you would expect the platform to have live chat support. If you have a question, members are supposed to email them or call them. The problem with making a call is that the phone number listed is a virtual phone number. Phone calls don’t go through and emails take long to get any meaningful response. Stay away from this platform or else become their next victim.

Deposit and withdrawal

When it comes to deposit and withdrawal, there are contradicting statements. Funding accounts with this platform is easy and fast. You can deposit funds using a number of various options listed on their website. Some of them include Euteller, MasterCard, Neteller, Skrill, and Visa. When it comes to withdrawing funds, this is where all hell breaks loose. Proof these are scam artists.

Trading platform

According to information on their website, the platform has two platforms, MT4 and Sirix. The problem we have with their latter platform is security features. Without proper security features, the platform becomes a risk. We noticed PlatiniumFund does not have DDoS protection and SSL encryption. Hackers can easily take over this platform and steal personal information at will. Your bank account details are in the wrong hands as their compliance page clearly shows.

Safety of funds with PlatiniumFund

When it comes to your fund’s safety, PlatiniumFund is not going to secure them. From the many complaints we have received, Platinium Fund is taking deposits from members. Without segregation of accounts taking place, members are depositing funds straight to scammer’s bank account. You should not expect any compensation from this platform as they don’t participate in a compensatory scheme. Stay away from this platform or end up being another victim.

Scam or legit

Evidence clearly points to mischief being on the entire platform. And we have concrete proof that PlatiniumFund is another online scam. Ensure you stay safe by marking all their promotional emails as spam. Warn your family and friends from joining any of their affiliate programs. Stay ahead of the game and use only expert recommended products.

Bottom line

We will be adding this platform to our scam blacklist and ensure no one else falls for their trap.

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Wishing all investors a happy and prosperous trading experience.