This ArbitrageXcel review will analyze the broker’s operations, focusing on red flags and tips for recovering money from scammer.
ArbitrageXcel Overview
- Website: https://arbitragexcel.com/
- Website Availability: Yes
- Headquarters Country:
- Owned By: NA
- Blacklisted by: Swiss Financial Market Supervisory Authority (Switzerland)
- Domain Age:
- Name-ARBITRAGEXCEL.COM
- Registry Domain ID-2863220798_DOMAIN_COM-VRSN
- Registered On-2024-03-13T13:51:37Z
- Expires On-2026-03-13T13:51:37Z
- Updated On-2024-03-13T13:51:38Z
ArbitrageXcel comes across as a site using fraudulent methods to offer stable profits for investors. Nevertheless, it has been reported that the site is merely a disguise for scams. Investors are drawn by the potential of high risk-free returns using arbitrage strategies through the buying and selling of cryptocurrencies or property assets at various prices between markets. There is no real arbitrage being used — just tricks in practice.
False Hopes and Constructed Evidence
Frauds behind ArbitrageXcel usually promise to possess a “foolproof” system, particularly in the crypto trading market. They talk of profits gained through trading on several exchanges and even fake screenshots or created transaction records to support their claims. Such practices are employed to create an illusion of credibility and persuade unsuspecting investors to part with their cash in a hurry, thinking they’re getting into a high-yielding, low-risk venture.
Ponzi Scheme and Investor Losses
In the majority of cases reported, money that is deposited with ArbitrageXcel is never even used for trading. Instead, previous investors are rewarded with “returns” paid from new deposits, which creates a Ponzi scheme. Eventually, when new investments stop or when the fraudsters choose to leave, all remaining investors lose everything. Victims have reported having their entire investments stolen without any means of recovering money or reaching out to the perpetrators.
Real Estate Arbitrage Scams
Some versions of the ArbitrageXcel scam also include real estate. In these, the fraudsters assure that they will flip undervalued properties for a profit and invite investors to advance the money. But when the money is wired, the fraudsters vanish without making any real estate transactions.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is ArbitrageXcel Legitimate?
Using the following aspects, we try to confirm the legitimacy of ArbitrageXcel Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from ArbitrageXcel ?
If you got scammed by ArbitrageXcel Broker, these steps might help you recover your funds from forex trading scams:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
About Fraud Recovery Experts
Fraud Recovery Experts offer assistance to financial fraud victims in recovering their money. Our team of specialists works alongside banks and legal authorities to trace fraudulent transactions and assist them in the process of scammed money recovery.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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