Arbitrage King has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Lucky Ape. We’ve received over 6 complaints against Arbitrage King.
Arbitrage King appears to be a high-risk platform with numerous warning signs. It lacks transparency in ownership, has no verifiable income source outside new investments, and exhibits characteristics of a Ponzi scheme. Customers face challenges with communication and withdrawals, and online trust scores are low, leading to serious doubts about its legitimacy and sustainability.
Get Your Money Back From These Scammers!
Key Takeaways
Is Arbitrage King Regulated? Do They Have a License?
The lack of regulation or the presence of poor regulation is a huge red flag. It means Arbitrage King is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Arbitrage King, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Arbitrage King
Arbitrage King solicits investments in undisclosed cryptocurrencies, with affiliates investing amounts ranging from $149 to $2499 in equivalent cryptocurrency value.
There is no detailed information available on specific payment methods or the process of withdrawals. This lack of clarity, especially regarding the withdrawal process, is concerning as it could indicate potential issues in retrieving invested funds.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Arbitrage King Customer Service: Do They Handle Complaints Well?
Arbitrage King’s handling of complaints and customer interactions raises several red flags. According to ScamWatcher, common issues associated with platforms like Arbitrage King include poor communication, refusal to answer questions, pushy behavior, and difficulties in withdrawing money from accounts. There are also mentions of unexpected fees and rules not outlined in initial contracts.
This suggests that Arbitrage King may not handle complaints or customer interactions effectively, which is a critical consideration for potential users.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Arbitrage King Reviews: What Do Others Say?
Online customer reviews and analysis of Arbitrage King suggest a lack of trust and credibility. The platform is flagged for having numerous negative indicators, such as a low number of visitors, sharing servers with low-rated websites, and a recent website registration, all contributing to its low trust score on Trustpilot.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Arbitrage King tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Arbitrage King reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Arbitrage King, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Arbitrage King enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Arbitrage King reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Arbitrage King.
You should always look out for consumer complaints. In the case of Arbitrage King, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Arbitrage King? You can share your complaint in the comment section or submit an anonymous tip.
Is Arbitrage King Legit Or Scam?
Arbitrage King raises multiple red flags that question its legitimacy. The absence of ownership or executive information, lack of verifiable evidence of external revenue generation through AI bot trading, and an unsustainable promised ROI (Return on Investment) of up to 4.3% daily for 90 days are all concerning aspects.
The business model also fails the Ponzi logic test, as the only verifiable source of revenue appears to be new investments, which is characteristic of a Ponzi scheme. This model is unsustainable and often leads to the majority of participants losing money when the scheme collapses.
Arbitrage King is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Arbitrage King can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Arbitrage King?
All the evidence suggests that Arbitrage King is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Arbitrage King a scam?
Can I withdraw money from Arbitrage King?
Where is Arbitrage King Located?
How do I get my money back from Arbitrage King?
How The Arbitrage King Online Scam Works
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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
