I noticed this group here on MarketHive about a week ago and when reading about the website it wanted me to join, I thought it must be some kind of scam. It’s about investment and they talk about daily interest rates like 3 to 5 percent. The website is axtrader.com

The very first scam alert, I checked told me that it’s about scam. You can find it here. This website is put together by some experienced traders reacting about all scam and hoax trading sites that have popped up since Bitcoin and all the other cryptocurrencies became popular.

If you read their review of AX Trader, they mean that they are illegal because they use new users money to pay old users. If that is true they do at least pay out so I decided to invest a small sum to see if that was true. That may be a nasty strategy to pay out while you are making relatively small earnings and then stop paying when your investment has grown to a more substantial amount.

I was also curious about the group owner. I wanted to know his experience with AX Ttrader. I think if you recommend someone to an opportunity you should at least be sure it’s not a hoax, right? I sent a question. “How long have you been a member and what experience do you have from being a member?” I got this answer: “I am in 2 weeks & going very well… “ He has probably just started and seen some results but not made a withdrawal yet.

By now I’m also in and doing well but wanted to investigate more about the scam alert I mentioned above. A Google search on “axtrader.com scam” gave me a lot.

Trust Pilot, a website that show customer reviews and they had 133 reviews on AX Trader performance. I read the 50 first of them and most of them where written by people that had lost considerable amounts on the website. The other ones I read where written by people who offered help to recapture lost investments.

In all during my investigation I have read about 100 cases where Investors have lost there investment to AX Trader. I also  found many websites offering help to recapture Investments lost at AX Trader, a fact that proves my strong suspicion that it is nothing but scam and hoax and maybe even illegal.

I’m sure I will not get my small investment back but if the unlikely should happen and they approve my withdrawal at the end of the 30 day period, I will issue another post here on my blog and let you know. I will probably let you know what ever happens. Stay tuned.

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Olov Forsgren is a retired software engineer with lifelong experience in marketing. He has been active on Internet since 1995. His hobby is sudoku solving, web development, social media marketing and inbound marketing.

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