Tradetrackcap claims to offer forex, cryptocurrency, and binary options trading services. Its official website is tradetrackcap.com, with the domain registered on October 1, 2024. However, upon verification, the platform lacks authentic company registration information, and the regulatory details listed on the website do not exist in the registries of the relevant regulatory bodies.
Company Background
According to its website, Tradetrackcap is a private global company based in the United States and a subsidiary of "Tradetrackcap Plc," which its parent company claims has a century-long history and is one of the world's largest companies. However, detailed information about "Tradetrackcap Plc" cannot be found in any public records.
The company history provided on the website is as follows:
- 2012: The company claims to have been established with the goal of helping the public enter the investment market;
- 2013: Began sponsoring innovative projects and expanded to several private funds;
- 2014: Adjusted the fund model and implemented private closed-ended funds;
- 2015: Strengthened clearing systems and institutional frameworks, expanded into retail services;
- Recent years: Expanded reach using Facebook and other social media platforms.
Despite its claims of a broad presence on social media, verification shows no official accounts or related public content on LinkedIn, Facebook, Instagram, Twitter, or YouTube, contradictory to its descriptions.
Core Business
Tradetrackcap claims its main businesses include:
- Providing fund management services to manage investment funds for users;
- Offering various short-term and long-term investment projects with high returns and capital safety as key selling points;
- Claiming a presence in multiple countries and membership in the U.S. Investor Compensation Fund (ICF), with signing credentials in Europe.
However, note that there is no institution called the "Investor Compensation Fund (ICF)" in the U.S. The main bodies protecting investor funds in the U.S. are:
- SIPC (Securities Investor Protection Corporation): Provides up to $500,000 protection for securities accounts;
- FDIC (Federal Deposit Insurance Corporation): Offers up to $250,000 deposit insurance for bank accounts.
The "ICF" does exist in Cyprus and other European areas, regulated by CySEC and similar bodies, thus the platform’s claimed "ICF" protection does not apply in the U.S., making this information inaccurate.
Regulatory Information
Tradetrackcap's website states it has comprehensive registration and regulatory authorization from the U.S. government and holds UK FCA certification.
Verification reveals:
- No registration record for the platform on the U.S. Securities and Exchange Commission (SEC) website;
- No regulatory information found on the UK Financial Conduct Authority (FCA) website;
- A blurry UK company registration certificate displayed by the platform cannot be verified. The note beside the certificate states the company is "ELITEMETATRADER," with registration number 83564782, but checking the UK Companies House shows no company records corresponding to this registration number.
In summary, the platform's claimed regulatory background lacks credible evidence.
Investment Plans
Pricing Series
This series includes five investment options:
- Starter Plan: Starting at $1,000, with an expected return rate of 30%-40%, 15% commission, 5% tax rate, refund guarantee, and round-the-clock customer support;
- Master Plus Plan: Starting at $10,000, expected return rate of 40%-50%, and same settings as the former;
- Premium Plan: Starting at $20,000 with a return rate of 50%-60%, also offering refund guarantee and 24/7 support;
- Ultimate Plan: Starting at $50,000, with a return rate of 60%-70%, expenses structure remains consistent;
- Corporate Plan: Starting at $100,000, expected returns of 70%-80%, 10% commission, with a 5% tax rate.
Weekly Pricing Series
Includes the following plans:
- Starter Plan: Starting at $3,000, return rate of 20%-25%, 15% commission, 5% tax rate, refund guarantee, and 24/7 support;
- Master Plus Plan: Starting at $5,000, return rate of 25%-30%;
- Premium Plan: Starting at $10,000, return rate of 30%-35%;
- Ultimate Plan: Starting at $20,000, expected return rate of 35%-40%.
All plans claim 24/7 support and refund guarantees.
Monthly Pricing Series
Monthly plans are similar to other series, differing only in the time period:
- Starter Plan: Starting at $1,000 with a monthly return rate of 30%-40%;
- Master Plus Plan: Starting at $10,000 with a monthly return rate of 40%-50%;
- Premium Plan: Starting at $20,000 with a monthly return rate of 50%-60%;
- Ultimate Plan: Starting at $50,000 with a monthly return rate of 60%-70%;
- Corporate Plan: Starting at $100,000 with a monthly return rate of 70%-80%, 10% commission.
NFP Plans
This series emphasizes high returns, divided into three tiers:
- Starter Plan: Starting at $10,000 with an expected return of 105%-124%;
- Premium Plan: Starting at $50,000, return rate of 30%-35%;
- Ultimate Plan: Starting at $100,000, return rate up to 150%.
They all claim to offer refund guarantees and round-the-clock services.
Bitcoin Crypto Plans
Plans using Bitcoin as an investment unit include:
- Basic Crypto: Invest 1 to 1.5 Bitcoins, return rate of 65%-70%;
- Standard Crypto: Invest 5 to 14.9 Bitcoins, return rate of 70%-75%;
- Premium Crypto: Invest 15 to 29.9 Bitcoins, return rate of 80%-85%;
- Pro Crypto: Invest 30 or more Bitcoins, return rate of 90%-95%.
All plans claim refund guarantees and 24/7 technical support.
Investment Plan Analysis
From the perspective of financial compliance, Tradetrackcap's investment plans show typical elements of a Ponzi scheme risk:
- Exceptionally High Returns: Some plans like the NFP Ultimate Plan offering up to 150% are well beyond reasonable investment returns;
- Higher Returns for More Investment: Clearly pyramid-structured, encourages investors to keep investing more;
- Coexistence of High Returns and Refund Promises: Highly unreasonable in actual financial operations;
- Non-transparent Fee Design: Uniform tax rate and commission may mask the real fund movement mechanism;
- Lack of Any Regulatory and Custodial Disclosure: Fails to meet the transparency required for a compliant platform;
- Unified Marketing Language: Terms like "MoneyBack," "Premium," "24/7 Support" are typical promotional packaging;
- No Real Investment Strategy Description: No explanation of fund allocation and revenue model, severely lacking transparency.
Channels for Deposit and Withdrawal
Deposit methods include bank wire transfers, PayPal, Neteller, Skrill, MoneyGram, MasterCard, Bitcoin, WesternUnion, and PerfectMoney.
Withdrawal process includes:
- Users need to contact an account manager and request a withdrawal;
- Processed by the finance department after review;
- Platform states funds will be settled collectively at the end of each month;
- Minimum withdrawal threshold is $70.
Company Address and Personnel Information
The company's website lists the address as 1000 Main St 12th floor, Houston, TX 77002, USA.
However, this address is a shared office building with numerous tenants, and no registration information related to Tradetrackcap is found there. Notably, several scam-related websites use the same address, with content templates remarkably similar to this platform.
Additionally, the platform does not disclose any staff lists, and no related information can be found online.
Website Traffic and Template Analysis
Semrush shows that tradetrackcap.com has less than 100 monthly visits, indicating it is seldom used. Also, its web design style and content structure are highly similar to those of several known scam platforms (such as Invest Capital Exchange, autofxearners, Fxtradingremedy), evidently derived from the same template and suspected to be mass-produced by the same team.
User Reviews and Brand Exposure
Currently, no user reviews, forum discussions, or media reports regarding Tradetrackcap can be found on the internet, indicating very low brand exposure.
Contact Information
The website provides two contact methods:
- Phone: +1(347) 9708-530
- Email: [email protected]
No other contact details or social media accounts are available.
Risk Report Summary
Overall, Tradetrackcap's platform structure, operational information, investment plan design, and corporate background all present significant risks:
- Missing Company Entity Information: Despite claims of being a subsidiary of a century-old large enterprise, there is no registration record;
- Inaccurate Regulatory Qualifications: No registration found with FCA, SEC, and other regulatory bodies;
- Unreasonable Investment Returns: Most plans offer annual or monthly returns that are unrealistically high;
- Non-transparent Operational Mechanism: No disclosure of investment targets, strategies, or fund destinations;
- Repeated Use of Office Address: Uses shared office building address, common in scam schemes;
- Almost Blank Online Reputation: No user feedback, no media attention;
- Limited Contact Channels: Lacks comprehensive customer service channels;
- Very Low Website Traffic: Suggests very few real users.
Investors are advised to exercise caution when dealing with such platforms, verify all information sources, and avoid any financial commitment without confirming the background and credentials.
