Oxlore Trades is a platform offering foreign exchange, cryptocurrency, and binary options trading, with its official website at oxloretrades.com. A Whois search shows the domain was registered on December 29, 2024. Despite the comprehensive company background described on the official website, upon verification, the platform has not been registered as a legitimate corporate entity.
Company Background
According to the website, the platform is a global private company headquartered in the United States and claims to be a subsidiary of Oxlore Trades Plc. Its parent company is said to have over a century of history and to be one of the world's largest companies. The platform was established in 2012 with the goal of helping more people enter the investment market and achieve financial freedom.
Starting in 2013, the platform began sponsoring innovative projects and expanded from individual operations to multiple private equity funds. In 2014, the company adjusted fund management practices by introducing closed private funds to ensure expertise and privacy in fund management. In 2015, the platform underwent an infrastructure reform to enhance liquidity, clearing engines, and institutional frameworks to serve the retail market.
The Oxlore Trades website mentions its parent company has a century-long history, but no substantial information about the parent company or the platform itself can be found through public channels, making the company's background description appear unreliable.
Core Business
The platform provides fund management services, assisting traders in managing capital, and operates short- and long-term investment projects. It claims to have joined the Investor Compensation Fund (ICF) in the US and to be contracted in Europe.
However, in reality, there is no "Investor Compensation Fund" in the US. In the United States, assets are protected by the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance Corporation (FDIC). Therefore, the platform’s claim about the Investor Compensation Fund is evidently false.
Regulation Information
Oxlore Trades claims to have authorization and regulation from the UK Financial Conduct Authority (FCA). However, upon investigation, there are no regulatory records for the platform on the FCA website, which further casts doubt on its compliance.
Investment Plans
The platform offers four types of investment plans: Pricing, Weekly Pricing, Monthly Pricing, and NFP. Each plan has different return rates and minimum investment amounts, including:
Pricing Plans:
- Bronze Plan: Minimum investment of $1,000 with an expected return rate of 30%-40%, charging a 15% trading commission.
- Silver Plan: Minimum investment of $5,000 with an expected return rate of 40%-50%, charging a 15% trading commission.
- Gold Plan: Minimum investment of $10,000 with an expected return rate of 50%-60%, charging a 15% trading commission.
- Platinum Plan: Minimum investment of $25,000 with an expected return rate of 60%-70%, charging a 15% trading commission.
- Diamond Plan: Minimum investment of $50,000 with an expected return rate of 70%-80%, charging a 15% trading commission.
Weekly Pricing Plans:
- Starter Plan: Minimum investment of $3,000 with an expected weekly return rate of 20%-25%, charging a 5% trading commission.
- Master Plus Plan: Minimum investment of $5,000 with an expected weekly return rate of 25%-30%, charging a 5% trading commission.
- Premium Plan: Minimum investment of $10,000 with an expected weekly return rate of 30%-35%, charging a 50% trading commission.
- Ultimate Plan: Minimum investment of $20,000 with an expected weekly return rate of 35%-40%, charging a 10% trading commission.
Monthly Pricing Plans:
- Starter Plan: Minimum investment of $1,000 with an expected monthly return rate of 30%-40%, charging a 10% trading commission.
- Master Plus Plan: Minimum investment of $10,000 with an expected monthly return rate of 40%-50%, charging a 10% trading commission.
- Premium Plan: Minimum investment of $20,000 with an expected monthly return rate of 50%-60%, charging a 10% trading commission.
- Ultimate Plan: Minimum investment of $50,000 with an expected monthly return rate of 60%-70%, charging a 10% trading commission.
- Corporate Plan: Minimum investment of $100,000 with an expected monthly return rate of 70%-80%, charging a 10% trading commission.
NFP Plan:
- Starter Plan: Minimum investment of $10,000 with an expected return rate of 105%-124%, charging a 5% trading commission.
- Premium Plan: Minimum investment of $50,000 with an expected return rate of 30%-35%, charging a 50% trading commission.
- Ultimate Plan: Minimum investment of $100,000 with an expected return rate of 150%, charging a 10% trading commission.
These investment plans prominently feature characteristics of a Ponzi scheme, such as promises of unusually high returns, encouraging increasing investment amounts, a lack of transparent investment strategies, and guarantees of unsecured refunds.
Deposits/Withdrawals
The platform claims to support deposits through bank wires, PayPal, Neteller, Skrill, MoneyGram, MasterCard, Bitcoin, WesternUnion, Perfectmoney, and other methods.
Withdrawals require submitting a request through the account or contacting an account manager. The financial department reviews the request before processing the transfer, with a minimum withdrawal balance requirement of $70.
Company Address and Staff
The official website lists two company operating addresses: "2 Brook St Derby, England," and "61 Duffield St, New York, US."
Upon investigation, the former is a historical Grade II listed building, and the latter is a multi-family residential building, both unsuitable for business operations. Thus, the company operation addresses provided are evidently false.
Additionally, the platform does not offer any company member information, nor can any employee information be found online.
Social Media Presence
The Oxlore Trades website claims that "in recent years, the platform has utilized social media (such as Facebook) to expand its business and attract more international investors." However, no official accounts are found on major social media platforms like LinkedIn, Facebook, Instagram, Twitter, or YouTube. This contrasts with the website’s claim of using social media to expand business, deepening suspicions of being a potential fraudulent platform.
Website Traffic and Template
According to Semrush data, oxloretrades.com receives less than 100 visits per month, indicating almost no user activity. Moreover, the platform uses the same website template as multiple scam websites (such as Krypto Xperts Traders, NetForexTrading, ZercotTrades), suggesting these platforms are possibly mass-produced by the same team.
User Reviews and Brand Exposure
No user reviews or media exposure related to the platform can be found online.
Contact Information
The official website only provides an email address ([email protected]) as contact information, lacking other effective contact methods such as phone or online customer service.
Risk Report
Oxlore Trades exhibits significant risks in several areas, including:
- False Company Background: The century-long history of the claimed parent company cannot be verified, and no actual operating corporate entity is provided.
- Fake Regulatory Information: The platform's claim of being regulated by the FCA is unsupported by records on the FCA website.
- Ponzi Scheme Characteristics: Promised high returns are far above market levels, and the structure of investment plans and refund guarantees exhibit clear Ponzi scheme characteristics.
- False Addresses and Staff Information: Provided company addresses are not genuine, with no disclosed staff information.
- Deceptive Social Media and Brand Exposure: Despite claiming social media promotions, no official accounts are found on major social media platforms, contrary to website descriptions.
- High-risk Deposit and Withdrawal Mechanisms: Although multiple deposit methods are provided, the withdrawal process is cumbersome and requires document submission for review, presenting potential risks.
In summary, the platform’s compliance is questionable, presenting significant false advertising and risks to investor funds. Investors should cautiously consider the potential risks associated with this platform.
