The quality of usdt5511.com website is not something you’d speak praises of. At first we were confused, surely this is not the website we were looking for? Unfortunately, it wasn’t just a bad joke, but a full blown fraudulent platform.
As an English speaker, it wasn’t difficult to tell that something was off. Poor translation, worse phrasing, grammatical errors and spelling mistakes were all over the site.
The fraud, however, was never intended for the English speaking public. Learn more about this cryptocurrency scheme in our Usdt5511 review.
| Regulated by: | Unregulated Exchange |
| Is This Company Safe? | No, without regulations, no financial provider is worth your trust! |
| Known Websites: | |
| Have Warnings from: | N/A |
| Registered in: | Indonesia |
| Operating since: | 2023-05-07 |
| Trading Platforms: | Web |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Crypto |
| Free Demo Account: | Not Available |
| How to Withdraw from This Company? | Better get legal support if you wish to see your investment again! |
Without Mandatory License
Crypto services are growingly more regulated, especially in the developed countries. That’s why we recommend you to first consult financial authorities like FCA, BaFin, FINMA, CySEC and others if your platform of choice is well regulated.
After we did so, it turned out that no Tier 1 authority has a record on this platform or their alleged owning company – Popex. NFA cannot confirm they legally operate out of the US, despite their claims.
The firm is most likely headquartered in Indonesia, considering the majority of their users are residents of this country and the website itself features only two lingos – broken English and Indonesian.
Either way, the lack of a proper license, transparency, honesty and security are all reasons why never to invest with this firm, as well as other similar schemes like Canz Trades.
Where Is The Fraud Most Active?
The website is a recent development, first launched in April 2023. More information is available through the WhoIs registry.
Our website research tool has determined that majority of traffic comes from these countries:
The main workforce of the firm is composed of boiler room agents, like with the Crown Capital FX scheme. The strategy in question is that of a romance scam. Company agents lurk on online dating platforms like Match, Bumble, and Tinder.
They will pretend to be romantically involved, and drain the victim for cash while pulling on their heartstrings. Recovering money from these criminals is difficult without professional help, so get in touch with our experts.
Secrecy Around Trading Values
The platform in question sure makes an effort to make it seem like they offer a wide range of services. What they miserably fail at is specifying the costs of these actions.
Spot crypto trading is completely unexplained in any way. Any fees and trading costs occurring are subject to the imagination and ruthlessness of the portal owners. Additionally, other trading parameters like leverage are not disclosed either.
Knowing the exact costs and prices in minute detail is exceedingly important for any cryptocurrency retailer. Reliable exchanges will present competitive prices, and openly advertise their costs.
Minimal Info On Trading Features
While we were thorough in our research, we couldn’t find much information about trading features on the website. We can easily say that this is due to the poor quality of the website in question, but it’s very common for fraudulent platforms to use obfuscation as a predatory strategy.
We have collated the little data we could find into the next few paragraphs. Bear in mind that the swindlers are known to offer one thing, but provide something completely opposite, or nothing at all.
Bogus Web Trader
As expected the Usdt5511 platform is but a simplistic web terminal devoid of any competitive features and usefulness in general. Without an account opened and without having any balance, we couldn’t test the capabilities of this clearly defunct software.
Relying on such rudimentary and basically unresponsive software is not what we’d recommend, in case you intended on earning in the first place.
If you’re looking for a reliable exchange for your business, select one with a high quality proprietary app instead.
Miniscule Selection Of Coins
The selection of trading instruments is in line with the alleged cryptocurrency exchange services that this firm provides. No more than 16 individual assets is available, which is miniscule compared to the tens of thousands of coins and tokens a reputable exchange has to offer.
Usdt5511 instruments contain only crypto coins, coupled with USDT:
- Cryptocurrency Pairs (BTC, ETH, XRP, ADA, LTC, TRB, XMR, LINK)
None Of The Packages Is Offered
Reputable crypto exchange platforms are known to diversify their offer of accounts. This is done in order to successfully meet the trading needs and requirements of the whole clientele. What this site does is only offer one generic Usdt5511 account that you get assigned upon registering.
The price of this live package is not known. What is obvious is that it doesn’t bring much of a benefit or special access to some particular trading tools, options and addons.
Unclear Withdrawal Channels
No withdrawal information is given outside of the client dashboard. In order to access it, you’ll need a valid Usdt5511 login, which we were unable to obtain.
Again we need to make a comparison with a reputable exchange, as legit companies are bound by law to provide clear and transparent payment information.
If you’re having trouble recovering your funds from this exchange, get in touch with our experts. You may contact us via the live chat at any time, and remember- first consultation is absolutely free!
Ghost Support
The customer service on this website practically doesn’t exist. Without revealing a single way to contact them, the Usdt5511 support can be defined as non-existent.
What should otherwise serve as a diligent, customer-oriented service that is featured on every properly regulated platform, doesn’t even vaguely appear on this washed-up scam site.
Final Opinion On This Fraud
The usdt5511.com website is a front for a cryptocurrency trading fraud. The alleged company has none of the necessary licenses, and is not subject to any regulatory oversight. With no transparent conditions or features, we would not recommend trading through this exchange.
The firm is known to deny payouts. If you have deposited any funds with this firm, contact our legal experts for help with reimbursement.
FAQ Section
What Is Usdt5511?
It is a completely fake crypto exchange and mining website without any license.
Is Usdt5511 Legit Or Scam?
Yes, the scheme is most probably a scam, considering they show no transparency or signs of legitimacy.
How Does Usdt5511 Work?
You’re supposed to invest in buying and selling crypto currencies or mining services. Better contact our customer service if you’ve invested money here, or it’s doomed to be stolen.
Source:
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