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Is spot investment a scam?

Under the banner of financial innovation, the spot trading platform uses huge profits as a temptation to attract investors to join, which ultimately leads to investors losing a lot of money.

The spot trading platform uses crude oil, asphalt, silver, agricultural products, etc. as investment targets. It looks like futures, but has the characteristics of spot. It is a new type of financial derivatives that is highly confidential and difficult to see through.

Member units of the investment platform use fake identities and simulated trading to gain the trust of investors and lure investors into the game.

Since spot crude oil trading claims to be in line with international standards, the trading time is as long as 22 hours on each trading day, so market fluctuations often occur in the latter half of the night. However, most investors have to go to work during the day and cannot watch the market all night. Their positions are often liquidated unknowingly in their sleep.

Extended information:

In the investment scams of spot and futures platforms, many investors lose money regardless of whether they buy up or down. This is the work of the "trader" who is at the core of the criminal gang. The "trader" freezes the customer's account to prevent the customer from urgently needed transactions. After the freeze, the "trader" will perform the market operation and pull the price, causing the customer's loss.

Many false trading platforms are just closed casinos without any commodity reserves. In this game, retail investors are destined to lose, because the profits of fraudulent companies come from the losses of customers, and "black dealers" "The trading leverage is higher than that of retail investors by Yuan Yuan, which is equivalent to "cheating"

People's Daily Online-CCTV exposed that the spot trading platform defrauded insider investors and liquidated their positions overnight