Fokitrade Reviewed: Real Deal or Total Ripoff? Read This First

Recently, Fokitrade.com service surfaced, promoting itself as a platform to store cryptocurrency and other assets safely. I managed to gather reliable proof that unmistakably reveals it is, in fact, a fraudulent platform.

Despite what Fokitrade site states, they won’t return your money. Despite the money displayed in the “member area”, there is absolutely no ability to retrieve even a cent. All promises regarding crypto rewards are baseless as well.

It is better to prevent, than repair and repent!

When we talk about the intrusion of unfamiliar programs into your computer’s work, the proverb “Forewarned is forearmed” describes the situation as accurately as possible. Gridinsoft Anti-Malware is exactly the tool that is always useful to have in your armory: fast, efficient, up-to-date. It is appropriate to use it as an emergency help at the slightest suspicion of infection.

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Fokitrade Scam Overview

The main service that Fokitrade strives to provide is a protected and convenient cryptocurrency wallet service. The site pledges exchange solutions, tools for controlling wallets, transfers, dashboards, and similar stuff. In truth, they endeavor to emulate the functionality of a crypto trading platform, akin to Binance or Coinbase. However, it in fact only serves as a shell needed to lull the vigilance.

Fokitrade Scam

Initially, Fokitrade mimics the appearance of many similar online platforms. There are quite a few examples, like Guxes, Marscryptx or Memoxcoin. They are totally indistinguishable in terms of graphic elements, with small discrepancies in the webpage header. Other details, and at times even crypto wallet addresses, are matching. Probably, all these deceptive sites are operated by the same team of frauds.

Cryptocurrency Scam Summary

How the Fokitrade Scam Works?

Fokitrade is yet another webpage within a extensive network of associated crypto scam platforms. The operators employ diverse brand names and sites, like Fokitrade.com, to capture victims. Nevertheless, these fraudulent websites possess identical website designs, terms of service, and About content. This exposes their sources as parts of the identical scam network, which promotes the identical form of deception under various appearances. The scammers merely replicate the same fraudulent site under various names to fool users into believing they are joining a fresh opportunity. However, in reality, it’s the equal system of scammers orchestrating the deceptive promises and attempts to seize deposited money. The administrators cleverly utilize psychological tactics and appealing propositions to execute their unscrupulous plots.

Step 1: Spreading

To initiate the fraud, criminals create and fill accounts on popular social media platforms. They generally aim at Facebook, Instagram, Twitter, and TikTok. Subsequently, the promotional campaign commences. Employing bots and sponsored promotions (when possible), scam actors boost the exposure of their deceptive activities to possible victims. This strategy allows them to cast a wide net and interact with their targeted audience. This group commonly comprises of cryptocurrency enthusiastic individuals seeking chances to earn profits.

Users receive an incentive to register, attracted by the promise of obtaining crypto benefits valued at hundreds of dollars, all without cost. To increase the appeal of the offer, false claims of sponsorship by a celebrity are added. As you may guess, these assertions are completely baseless.

Step 2: Gaining Traffic

Individuals who express interest check out Fokitrade.com via links featured in advertisements or bot-generated posts. The webpage uses captivating visuals, design elements that appear authentic, and assertions of having a valid license, all intended to project an initial impression of credibility.

Step 3: Data Gathering

To claim their prizes, users must proactively create an account on Fokitrade and receive prompts to submit sensitive and private information throughout the enrollment process. This includes linking their cryptocurrency wallets, providing email addresses, giving phone numbers, submitting identification papers, and more.

Step 4: Requesting funds

Once enrolled, users notice significant amounts of cryptocurrency, valued at thousands of dollars, within their Fokitrade wallets. However, as it usually happens with such incentives, you are unable to withdraw them prior to topping up your account. Typically, a payment of $100 is asked to get the sign-up bonus. This prerequisite serves as the trap that ultimately results to the money loss.

Step 5: Disappear

The moment the funds transfer is submitted, the fraudsters halt all contact. They proceed to bar users, remove accounts, and abscond with both the deposited capital and vital individual details. The phony benefits remain perpetually uncredited, as they lack actual existence. They function purely as a phishing ploy. This approach forms the foundation for the deceivers’ ability to deceive victims and misappropriate hard-earned money through their deceptive internet-based crypto scam.

Signs of Scam

I gathered several facts that point at the scammy nature of the Fokitrade.com. Actually, there are a lot of scams that fall under the same points, so they are pretty much universal.

• False Celebrity Sponsorship. Fokitrade often resorts to fake endorsements from celebrities such as Elon Musk, Jeff Bezos, Mr. Beast, and Mark Zuckerberg. This fraudulent tactic extends to claiming partnerships with reputable companies like Coinbase, Binance, or MetaMask, despite lacking any genuine affiliations.
• Cryptocurrency-Only Payments. Fokitrade.com exclusively accepts payments in cryptocurrencies, rejecting traditional bank transfers and other methods. This approach not only masks the company’s identity but also eliminates the possibility of seeking refunds.
• Dubious Company Information. Fokitrade raises suspicion by withholding essential ownership, location, and registration details. Furthermore, the absence of legitimate contact information and the recent establishment of domain and social media pages intensify skepticism.
• Unsubstantiated Hype. Fokitrade.com employs groundless hype tactics, fabricating events like securing contracts with Coinbase or receiving endorsements from Elon Musk. These manipulative techniques aim to instill false confidence and encourage further investments.
• Potential Pyramid Scheme. The scam relies on a structure resembling a Ponzi scheme, leveraging a referral system spread through social media. However, only initial participants benefit, often at the expense of subsequent investors.
• Implausible Claims. Promising returns of 50-100-200%, Fokitrade preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling Fokitrade as a scam.

What Should I do as a Victim?

If you had to deal with Fokitrade site and fell victim to that scam, there are still some steps to take. They will make further scam attempts harder, and also boost the knowledge about that scam among folks.

• Immediate Reporting. Your initial step should involve promptly notifying local authorities specializing in financial fraud. Extend your reach by reaching out to wallet providers and engaging with social networks’ technical support teams. These actions serve to raise the bar for the scammers’ operations.
• Share among Friends. Amplify your efforts by informing your close friends about the scam. Similar to informing authorities, this dissemination of information restricts the scammers’ potential victim pool.
• Preserve Crucial Information. Compile a comprehensive evidence archive by capturing screenshots and archiving all relevant website-related data. Collect the website URL, screenshots of the main page, login interface, end-user license agreement (EULA), account top-up menu, and wallet addresses. These records could provide vital clues for authorities in their pursuit of the scammers.
• Exploring Refund Options. While most banks’ refund policies may exclude cryptocurrency payments, it’s advisable to explore potential refund avenues under specific circumstances. Maintain hope until you obtain confirmation of the loss.
• Transform Loss into Knowledge. Turn your financial setback into an opportunity for growth. View your loss as an investment in understanding the strategies employed by crypto scam sites. Familiarize yourself with their telltale characteristics, the methods they employ to entice individuals, and the extravagant promises they make. Equipped with this insight, you’ll be well-prepared to spot and evade future traps without suffering additional financial setbacks.

Scan your system for possible malware infections

Beware of cross scams! Scam actors can use your trust to make you download some stuff or interact with certain documents. It may be a trap that installs malware to your system. There are no moral barriers or limits for these scoundrels.

Throughout the course of the scam, its actors may get in touch with you with specific documents. Alternatively, they may offer you to install “cryptocurrency wallet applications” or “browser extensions” to facilitate access to your crypto funds. As we previously figured out, these rascals have no intent of restoring your funds. So, what do these messages and browser add-ons represent? Correct – that is another element of the fraudulent scheme designed to entice you into willingly running destructive software onto your computer.

Both plugins and attachments attached to emails can function as a shell for diverse malware. In this scenario, I foresee the presence of spyware and stealers among other types of malicious programs. While it is not mandatory for scammers to distribute malware, the probability is always above zero. As noted, their conscience is of little concern, and their dignity is already deeply compromised. They have nothing to lose and aim to maximize profits.

Remove spyware with Gridinsoft Anti-Malware

We have also been using this software on our systems ever since, and it has always been successful in detecting viruses. It has blocked the most common malicious programs as shown from our tests with the software, and we assure you that it can remove spyware as well as other malware hiding on your computer.

To use Gridinsoft for remove malicious threats, follow the steps below:

1. Begin by downloading Gridinsoft Anti-Malware, accessible via the blue button below or directly from the official website gridinsoft.com.

2.Once the Gridinsoft setup file (setup-gridinsoft-fix.exe) is downloaded, execute it by clicking on the file.

3.Follow the installation setup wizard's instructions diligently.

4. Access the "Scan Tab" on the application's start screen and launch a comprehensive "Full Scan" to examine your entire computer. This inclusive scan encompasses the memory, startup items, the registry, services, drivers, and all files, ensuring that it detects malware hidden in all possible locations.

Be patient, as the scan duration depends on the number of files and your computer's hardware capabilities. Use this time to relax or attend to other tasks.

5. Upon completion, Anti-Malware will present a detailed report containing all the detected malicious items and threats on your PC.

6. Select all the identified items from the report and confidently click the "Clean Now" button. This action will safely remove the malicious files from your computer, transferring them to the secure quarantine zone of the anti-malware program to prevent any further harmful actions.

8. If prompted, restart your computer to finalize the full system scan procedure. This step is crucial to ensure thorough removal of any remaining threats. After the restart, Gridinsoft Anti-Malware will open and display a message confirming the completion of the scan.

Remember Gridinsoft offers a 6-day free trial. This means you can take advantage of the trial period at no cost to experience the full benefits of the software and prevent any future malware infections on your system. Embrace this opportunity to fortify your computer's security without any financial commitment.

Trojan Killer for “spyware” removal on locked PC

In situations where it becomes impossible to download antivirus applications directly onto the infected computer due to malware blocking access to websites, an alternative solution is to utilize the Trojan Killer application.

There is a really little number of security tools that are able to be set up on the USB drives, and antiviruses that can do so in most cases require to obtain quite an expensive license. For this instance, I can recommend you to use another solution of GridinSoft - Trojan Killer Portable. It has a 14-days cost-free trial mode that offers the entire features of the paid version. This term will definitely be 100% enough to wipe malware out.

Trojan Killer is a valuable tool in your cybersecurity arsenal, helping you to effectively remove malware from infected computers. Now, we will walk you through the process of using Trojan Killer from a USB flash drive to scan and remove malware on an infected PC. Remember, always obtain permission to scan and remove malware from a computer that you do not own.

Step 1: Download & Install Trojan Killer on a Clean Computer:

1. Go to the official GridinSoft website (gridinsoft.com) and download Trojan Killer to a computer that is not infected.

2. Insert a USB flash drive into this computer.

3. Install Trojan Killer to the "removable drive" following the on-screen instructions.

4. Once the installation is complete, launch Trojan Killer.

Step 2: Update Signature Databases:

5. After launching Trojan Killer, ensure that your computer is connected to the Internet.

6. Click "Update" icon to download the latest signature databases, which will ensure the tool can detect the most recent threats.

Step 3: Scan the Infected PC:

7. Safely eject the USB flash drive from the clean computer.

8. Boot the infected computer to the Safe Mode.

9. Insert the USB flash drive.

10. Run tk.exe

11. Once the program is open, click on "Full Scan" to begin the malware scanning process.

Step 4: Remove Found Threats:

12. After the scan is complete, Trojan Killer will display a list of detected threats.

13. Click on "Cure PC!" to remove the identified malware from the infected PC.

14. Follow any additional on-screen prompts to complete the removal process.

Step 5: Restart Your Computer:

15. Once the threats are removed, click on "Restart PC" to reboot your computer.

16. Remove the USB flash drive from the infected computer.

Congratulations on effectively removing spyware and the concealed threats from your computer! You can now have peace of mind, knowing that they won't resurface again. Thanks to Gridinsoft's capabilities and commitment to cybersecurity, your system is now protected.

Frequently asked questions

The truth about Fokitrade

Name: Fokitrade

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves Fokitrade, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the Fokitrade scam, techniques for recognizing it, and, most crucially, ways to evade becoming a victim.

Operating System: All

Application Category: Crypto Scams

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