Trade Like Crazy Review: Scam Or Legit? | Recover Lost Funds

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Is Trade Like Crazy a scam? How to recover funds from Trade Like Crazy? Find the answers to all these questions and more in this guide.

Summary

Trade Like Crazy has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Shao Bank. We’ve received over 5 complaints against Trade Like Crazy.
Trade Like Crazy is a platform that is plagued by red flags, as demonstrated by its inadequate management of complaints, questionable withdrawal procedures, and extremely negative feedback from customers. Due to its unregulated nature and absence of transparency, this platform carries a significant level of risk, which may expose its users to financial and data security vulnerabilities.

Get Your Money Back From These Scammers!

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Key Takeaways

Trade Like Crazy has lost investors thousands of dollars
Trade Like Crazy website owner is anonymous
Vague terms of service
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Is Trade Like Crazy Regulated? Do They Have a License?

The lack of regulation or the presence of poor regulation is a huge red flag. It means Trade Like Crazy is a scam and most likely, an illegal operation.

Trade Like Crazy


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 Trade Like Crazy, 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?

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Trading Conditions and Deposit/Withdrawal Methods at Trade Like Crazy

Trade Like Crazy offers limited options for contact, including telephone and email, but they do not provide location data. There are concerns about the legitimacy of the contact information provided.

The platform has been accused of employing tactics to avoid fund withdrawals, such as urging clients to make additional trades, charging high withdrawal fees, and ceasing communication entirely when withdrawal requests are made.

Trade Like Crazy


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.

4

Trade Like Crazy Customer Service: Do They Handle Complaints Well?

Trade Like Crazy has been criticized for poor handling of customer complaints. Customers have reported several issues, such as not being regulated, high fees and commissions, inadequate information on the website, poor communication, and a refusal to answer questions.

Additionally, customers have faced problems in withdrawing money from their accounts, indicating a lack of responsiveness and transparency in addressing grievances.

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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5

Trade Like Crazy Reviews: What Do Others Say?

Online customer reviews for Trade Like Crazy are overwhelmingly negative. The platform has received a very low trust score based on an analysis of various factors, including ownership details, contact transparency, and website hosting information.

Customer feedback indicates a general consensus of distrust, with the site garnering an average score of 1 out of 5 stars based on 8 reviews.

These reviews highlight concerns about the platform’s legitimacy and safety for users.

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 Trade Like Crazy 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 Trade Like Crazy 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 Trade Like Crazy, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Trade Like Crazy enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Trade Like Crazy reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Trade Like Crazy.

Trade Like Crazy reviews coverage

You should always look out for consumer complaints. In the case of Trade Like Crazy, 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 Trade Like Crazy? You can share your complaint in the comment section or submit an anonymous tip.

6

Is Trade Like Crazy Legit Or Scam?

Trade Like Crazy 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 Trade Like Crazy 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 Trade Like Crazy?

All the evidence suggests that Trade Like Crazy 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.

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Frequently Asked Questions

Is Trade Like Crazy a scam?

According to the online reviews of this company, it’s highly probable that Trade Like Crazy is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Trade Like Crazy?

Yes, you can withdraw your funds from Trade Like Crazy by getting in touch with one our experts. Get your money back immediately.

Where is Trade Like Crazy Located?

There is no information available on the location of Trade Like Crazy.

How do I get my money back from Trade Like Crazy?

To get your money back from Trade Like Crazy, you can file a chargeback. Learn more here.
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How The Trade Like Crazy Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

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Get Your Money Back Free consultation
If you’ve lost money with Trade Like Crazy, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Trade Like Crazy Review: Scam Or Legit? | Recover Lost Funds
Trade Like Crazy Review: Scam Or Legit? | Recover Lost Funds

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