Boomerang Trade is presented as a high-tech trading and investment site. However overbearing indications are that the site might not be reliable. Under is an analysis of the chief warning signs.
Website: boomerang.trading
Website Availability: NA
Address: 50 St. Mary Axe, London, Great Britain, United Kingdom, EC3A 8FR
Regulation: Unregulated
Warning: Australian financial services licence
Domain Age: NA
Lack of Transparency
One of the most disconcerting indications is the anonymity of the owner of the website. With the help of a paid WHOIS privacy service, Boomerang Trade conceals critical identity information and suspicions regarding the purpose behind the site.
High-Risk Server and Low Credibility
Boomerang Trade is based on a shared server that is known to have several low-rated and dodgy websites. Furthermore, the site receives little traffic, according to the rankings of Tranco, which means there is little trust or exposure in the market.
Cryptocurrency-Linked Risk
The site provides cryptocurrency-connected financial services, which themselves bear a high risk. Added to the lack of regulations, these services can quickly be used to cheat investors.
Negative User Experiences
Many users have written negative feedback online. The most frequent complaints are:
- Cannot withdraw money
- Poor customer support
- Pressure sales tactics to add more money
These complaints follow the patterns in other online investment scams.
Conclusion: Stay Away from Boomerang Trade
Because of its opacity, risky server, and a lengthy list of user grievances, Boomerang Trade seems to be an unsafe and possibly scam platform. Don’t deposit money and report any suspicious transactions.
FAQs Regarding Boomerang Trade
Q1: Is Boomerang Trade regulated?
No, it is not regulated with any financial regulatory license.
Q2: Is it possible to withdraw money from Boomerang Trade?
Numerous users have complained of not being able to withdraw their funds.
Q3: How can I report Boomerang Trade?
You can report the platform to your local financial regulatory authority or contact a scam recovery agency.
Take the First Step Toward Financial Justice
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