DeFi Master is a trading scam, stay away!

DeFi Master first asked customers to pay for a loan,Ranking of domestic foreign exchange brokers which later shifted to extorting them to pay $50,000.

Here is the complaint of the customer against DeFi Master.

DeFi Master Customer refuse to allow me to withdrawal my asset unless I paid my loan with the platform first. Customer service said I couldn't use my funds in my assets since the funds is part of the trading account but it all turned out to be a scam since the platform transform into blackmailing for me to pay $50,000 and make threats to release information to my family and to my work place.

Company website: https://defimaster.finance/m/

Complaint details: https://www.FTI.net/en_US/complaint/8987.html

FTI reminds you that any trading platform that asks you to pay taxes, margin and other fees in advance in order to withdraw your funds is a scam.

Do not pay any fees to them! Because this is part of the scam and the scammers only want to scam you for more money, but will not really let you withdraw your money.

FTI data shows that DeFi Master is a unregulated trading platform. Its website indicates that it is registered in the UK but is not licensed by the Financial Conduct Authority (FCA). This means that the safety of DeFi Master customers' funds is not guaranteed.

When you invest on such anonymous and illegitimate trading platforms, you are always at risk of being defrauded. And since the background and operation of such anonymous platforms cannot be easily verified, if they run away with their money, it will be very difficult for victims to recover their losses.

When you have any problems submitting a complaint, you can contact FTI's customer service on Telegram. (+852 9562 7576, +86 132 5508 1716)

Reminder: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".

FTI reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams.

You should "ask, check and confirm" before forextrustindex. 

You can check the qualification information and complaints of global trading brokers on FTI to avoid any potential scams.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!