The alleged online broker Trade-RT claims to be a flawless trading platform for online trading with CFDs and Forex. However, there is increasing evidence that there are considerable shortcomings at Trade-RT. More and more traders are reporting telephone terror, rip-offs and investment fraud in connection with Trade-RT. All traders lost their money invested with Trade-RT. Doubts are spreading. In the meantime, many Trade-RT traders fear that it is an investment scam. The Trade-RT website can still be accessed. All Trade-RT traders are asking themselves whether they have become victims of investment scammers? And what can Trade-RT traders do if the suspicion of investment fraud is confirmed? How can Trade-RT traders get their money back? Does it make sense to file a criminal complaint against Trade-RT with the police? What help is available in the event of investment fraud?
Trade-RT: Bland assurances on trade-rt.com!
What are the astonished investors reading on trade-rt.com? "RT was founded in 2007 on a simple idea: be the broker we'd want to trade with. Since then, we've grown from a two-person startup to a trusted global top 10 broker and the first choice for a community of tens of thousands of traders in more than 100 countries. When you join RT, you can be confident that we're behind you for every step of your trading journey. Our global strength is built on local service. That's why RT holds financial trading licences in different parts of the world, so that when you trade with us you'll have the assurance you're trading within the regulations appropriate to your region. And behind that you can rely on an award-winning client support team that speaks your language. " This is just one small passage of the implausible assurances that investors find on Trade-RT's website. Not a single one of these noble promises by Trade-RT has been fulfilled. Disappointingly, the troubling business practices tend to make for disappointed traders and miserable experiences!
Trade-RT: Hide-and-seek game with the domain entry!
Remarkable for the business practices of the Trade-RT makers is that the website does not contain any imprint with full details of the legally responsible operators of the website. If one looks at the corresponding domain data of the trade-rt.com website, one finds that the website was only registered on 26.07.2021 by the Hong Kong Ruitong Group Co, Limited.
Trade-RT: Who is behind it?
Many investors will find it rather difficult to answer this question, as the trade RT makers do everything they can to conceal the true circumstances. This is not unusual, however, as the perpetrators often operate several of these websites with the supposedly same business model and quickly put them online, but also shut them down again just as quickly. In many cases, the top-level domain is also frequently changed, possibly in order to deceive the financial supervisory and law enforcement authorities. And who is the operator? There is no information about this on the trade-rt.com website. The Hong Kong Ruitong Group Co., Limited can be found in the company register of Hong Kong, but was only registered there on 06.05.2021 under the register number 3045583. A closer look at the website reveals that it is a clone of the website www.axi.com. The design, the content, and even the layout of the website are the same. The design, the contents and even the entire team were taken over one to one. In contrast to Trade-RT, however, Axi is a serious company. The operators of clone companies regularly make unlawful use of the name and identity of real companies. By assuming the identity of a real company, they try to gain the trust of investors and thus increase their willingness to pay.
Trade-RT: The customer acquisition of the investment scammers
The same approach can be found here again and again: In order to acquire new traders, Trade-RT offers are advertised in all conceivable media and channels. For example, advertisements are placed in the social media, such as Facebook. Again and again, this is false information. To reinforce the deception, they upload films on Youtube in which interested traders are convinced with fictitious references. Here, supposed celebrities report on their experiences with online trading and cryptocurrencies, often with a misleading reference to the TV show "Die Höhle der Löwen". In parallel, a mostly aggressive affiliate programme is started to incite others to advertise intensively for Trade-RT.
Trade-RT: Criminal business practices!
As soon as the customer has registered on the trading platform, he receives calls from alleged financial brokers who like to refer to their many years of experience and their satisfied customer base. In many cases, however, the makers of this business model are fraudsters, against whom the Federal Criminal Police Office and the Federal Financial Supervisory Authority (BaFin) also warn. Investors usually start with a small amount of money. Beforehand, investors are often motivated to install remote maintenance software, such as "Anydesk" or "Teamviewer", on their computers so that assistance can supposedly be provided with the first steps. In many cases, the computer is subsequently manipulated and unwanted transactions are carried out. In the process, the investment fraudsters often also gain access to their victims' online banking. What is particularly criminal, however, is when supposed profits are displayed on the trading platform in order to entice the customer to place further high stakes. Sometimes even small sums are paid back to lull investors into a sense of security. Who then does not want to increase the stakes further? But what happens next?
Trade-RT: Repayment of the money is subject to conditions
However, an exit is then usually no longer possible; rather, repayment of the money is linked to further payments. This is where the employees come in, claiming alleged tax debts and commission payments. These would first have to be settled, then the alleged profits would be paid out. For this purpose, tax and commission invoices are sent to the investors, which are often decorated with fake coats of arms and, of course, have to be paid urgently. However, it is never possible to offset them against the supposedly achieved profits. If one refuses to make these further payments, the supposed profits are often turned into losses and the customer is harmed to the maximum. However, this is usually not the end of the horror; investors are often permanently confronted with calls from other dubious providers, which indicates that the investors' contact details are further traded among the investment scammers. In the end, the "saving angel" regularly calls claiming to have uncovered the whole scam. He impresses with his insider knowledge. No wonder, since he is part of the fraud gang. The next rip-off! And of course the "saving angel" also wants a small fee - in advance!
Trade-RT: Scheme of investment fraud?
The online broker Trade-RT is not regulated. Trade-RT lacks the authorisation of a recognised European financial supervisory authority, such as the English Financial Conduct Authority (FCA)or the Cyprus Securities and Exchange Commission (CySec), which is frequently used by brokers. Similarly, there is no authorization from the Swiss Federal Financial Supervisory Authority (finma) or the Financial Market Authority (FMA) of Austria, which is responsible for Switzerland. It is also obvious that Trade-RT is a scheme of capital investment fraud. All investors harmed by Trade-RT are advised to consult an investment fraud lawyer as soon as possible.
Trade-RT: Where are the investment fraudsters active?
Unfortunately, the illegal activities of Trade-RT are not limited to the English-speaking world. Because Trade-RT also addresses German-speaking investors, it is only a matter of time before the defrauded investors of this speaker group also come forward. Going through the list of regulators is recommended before any financial commitment in order to reduce the risk of becoming a victim of investment fraud.
Trade-RT: Investors want their money back!
The circumstances are by no means as hopeless as they appear. The aggrieved investors can take countermeasures and demand their invested money back. At present, it is not to be expected that the Trade-RT investment fraudsters will be caught in the near future, but there is still reason to hope. This is especially true because the money transactions were carried out via accounts provided by banks that strive to maintain a good reputation. These banks demonstrably failed to check the traders' deposits, some of which were large and therefore subject to controls, and their onward transmission for illegality. Such delays enabled the investment fraudsters to carry out their criminal activities in the first place.
Trade-RT: They want their money back! How does it work?
With this knowledge, no trader would have invested with Trade-RT. Now the only option left for the deceived is to try to recover the misappropriated money. Many investors cannot even imagine that there is a real chance of ever seeing their money again. Definitely yes! There are numerous legal bases to fall back on. The generic term is "money laundering". When investment fraudsters collect money, the offence of money laundering has been committed. Financial institutions are obliged to take action against money laundering. This is where we start if there is a good chance of success. For this, essential questions should be answered. To what destination have the funds embezzled by Trade-RT been taken? Is there a chance that the defrauded investors will get back the money they invested with Trade-RT? What measures are advisable from now on? Such questions can best be answered by a lawyer specialised in investment fraud.
Trade-RT: Who can help?
What to do in case of investment fraud? What help can victims of Trade-RT hope for in the event of investment fraud? Trade-RT victims will ideally find the help they need from an experienced investment fraud lawyer. He will be able to take care of your Trade-RT case both in terms of the criminal aspects of investment fraud, as well as the recovery of funds and possible claims for damages. A trading lawyer is also an option because they are also aware of the methods used by fraudulent brokers such as Trade-RT.
Trade-RT: Follow the money!
The internationally active investor protection law firm Resch Rechtsanwälte has been investigating such abuses on the unregulated capital market for more than 30 years. The way Trade-RT acts is therefore nothing really new. Over the decades, Resch Rechtsanwälte has developed an efficient arsenal of instruments for tracking down misappropriated funds and tracing the flow of money. Making funds actually disappear is becoming increasingly difficult in the age of the Internet. The quicker those affected follow the money trail, the better the chances are that they will be able to have their money secured. Now it is important that the traders harmed by Trade-RT take immediate action.
RESCH Rechtsanwälte - Experience in investor protection since 1986
If you have been a victim of Trade-RT and want to know if and how you can get your money back, call +49 30 885 9770 or fill out the questionnaire. You will receive a free assessment of your case.