The Truth About FutureTrade: Legit or Scam? Our Review

Recently, Futuretrades.net site popped up, promoting itself as a place where you can safely store cryptocurrency and other assets. I managed to gather credible evidence that unmistakably reveals it is, in fact, a fraudulent site.

Despite what FutureTrade site says, they will never pay off your money. Regardless of the money displayed in the “member area”, there is zero way to retrieve even a single cent. All commitments regarding crypto incentives are hollow 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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FutureTrade Scam Overview

The key service that FutureTrade strives to provide is a protected and user-friendly cryptocurrency wallet service. The site pledges exchange solutions, tools for controlling wallets, transfers, dashboards, and similar functions. In fact, they endeavor to emulate the functionality of a crypto trading platform, like Binance or Coinbase. However, it in fact solely serves as a shell needed to mislead the cautious.

FutureTrade Scam

To begin with, FutureTrade mimics the layout of multiple equivalent online platforms. There are quite a few examples, like Koylex, Adexcoins or Poksten. They are entirely identical in terms of graphic elements, with small discrepancies in the site header. Other particulars, and sometimes even crypto wallet addresses, are matching. Most likely, all these fraudulent online platforms are operated by the same team of scammers.

Cryptocurrency Scam Summary

How the FutureTrade Scam Works?

FutureTrade is yet another online platform within a vast network of associated crypto deceptive webpages. The administrators employ various brand names and sites, like Futuretrades.net, to trap victims. Nonetheless, these deceptive sites have in common the same designs, terms of service, and About Us content. This reveals their beginnings as components of the equal fraudulent network, which endorses the similar form of deception under various appearances. The fraudsters just copy the equal fraudulent website under different names to fool users into believing they are joining a new opportunity. However, in actuality, it’s the equal group of fraudsters orchestrating the deceptive promises and efforts to grab deposited cryptocurrency. The operators shrewdly utilize psychological tactics and enticing invitations to execute their unscrupulous schemes.

Step 1: Spreading

To start the deceptive scheme, criminals create and fill accounts on well-liked social media platforms. They primarily target Facebook, Instagram, Twitter, and TikTok. Subsequently, the marketing campaign begins. Employing bots and paid advertisements (when achievable), scam actors intensify the visibility of their fraudulent activities to potential victims. This approach enables them to create a broad net and interact with their focused audience. The group typically comprises of cryptocurrency fans seeking prospects to generate profits.

Users receive an incentive to enroll, enticed by the commitment of getting crypto benefits valued at thousands of dollars, all free of charge. To augment the attractiveness of the offer, false claims of sponsorship by a celebrity are added. As you may guess, these claims are entirely baseless.

Step 2: Gaining Traffic

People who demonstrate interest go to Futuretrades.net via links included in promotions or bot-generated posts. The website utilizes captivating visuals, design elements that appear authentic, and claims of holding a legitimate license, all aimed to convey an initial impression of credibility.

Step 3: Data Gathering

To claim their rewards, users need to deliberately set up an account on FutureTrade and get instructions to submit sensitive and personal information throughout the enrollment process. This includes linking their cryptocurrency wallets, providing email addresses, supplying phone numbers, sending in identification papers, and more.

Step 4: Requesting funds

Once enrolled, users notice considerable amounts of cryptocurrency, valued at hundreds of dollars, within their FutureTrade wallets. Nonetheless, as is common with such incentives, you cannot withdraw them before topping up your account. Normally, a funds transfer of $100 is required to get the sign-up bonus. This prerequisite serves as the trap that ultimately culminates to the money loss.

Step 5: Disappear

The instant the deposit is sent, the deceivers terminate all interaction. They go ahead to block users, erase accounts, and abscond with both the submitted funds and critical personal details. The fabricated rewards persist perpetually uncredited, as they lack actual existence. They act exclusively as a phishing ploy. This approach forms the foundation for the fraudsters’ capability to deceive victims and steal hard-earned money through their double-dealing online crypto scheme.

Signs of Scam

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

• False Celebrity Sponsorship. FutureTrade 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. Futuretrades.net 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. FutureTrade 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. Futuretrades.net 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%, FutureTrade preys on the desire for quick profits. Yet, the volatile nature of the cryptocurrency market makes such gains highly unlikely, definitively labeling FutureTrade as a scam.

What Should I do as a Victim?

If you had to deal with FutureTrade 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.

• Report the scam to authorities. Search for local authorities responsible for financial frauds, and also notify wallet providers and social networks via their tech support. It is essential to make the further operations of these scammers much harder.
• Tell your close friends. That step is similar to reporting to the authorities, and has similar effects. By posting info about scam crypto service, you decrease the pool of people they can fool.
• Get evidence. Screenshot or save all the information related to the website. URL, screenshot of a main page, login window, EULA, account top-up menu, wallet addresses – all these things may be useful for authorities to find the scammers.
• Check whether you can ask for a refund. As I’ve said above, crypto payments do not fall under refund policies in most banks. Nonetheless, in some circumstances, it is still possible. Never lose hope until you actually confirm it is gone.
• Make your mistake your lesson. Financial losses are always a reason for frustration, but let’s imagine it was a pay for scam revealing courses. Remember the key features of these crypto scam sites, the way they attract people and what they promise. In the future, you will easily recognize a trap of spending no money.

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 fraud, scoundrels may contact you with particular documents. Alternatively, they may offer you to deploy “cryptocurrency wallet applications” or “browser extensions” to streamline access to your crypto savings. As we previously determined, these deceivers have no intention of giving back your money. So, what can these messages and browser extensions represent? You guessed – that is another side of the fraudulent scheme designed to entice you into willingly running destructive applications onto your computer.

Both add-ons and files added to email messages can serve as a carrier for diverse malware. In this scenario, I expect the presence of spyware and stealers among all types of malware. While it is not mandatory for scammers to distribute malware, the probability is always existent. As noted, their ethics is of little concern, and their reputation is already deeply compromised. They have nothing to give up and strive 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 FutureTrade

Name: FutureTrade

Description: Cryptocurrency scams continue to increase as digital assets achieve mainstream adoption. A recent example of such a scam involves FutureTrade, a fraudulent crypto exchange that entices victims with promises of free crypto giveaways. This detailed article will extensively examine the operations of the FutureTrade 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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