Scammed by a Forex Broker "EthBtc Investment Limited"

scammedboy21

Recruit
Messages
3
Hello, I am sure you guys have heard this type of story before but here goes.

About 2 weeks ago, I was matched with a girl on Tinder who claimed to be from Hong Kong. We quickly moved from Tinder to Whatsapp, andhad very deep conversations about life, travel etc. She would sprinkle into our conversations that she makes a killing trading currency on the MetaTrader 5 via her "uncle" who is an experienced currency trader. She was so convincing and nonchalant about all of this, that I practically asked her to copy her trades.

She told me to download the MetaTrader app and at this point all of my suspicions foolishly went out the window because I saw that the app is highly reviewed on Google Play and thought my money was safe there. Due to having 0 experience in trading, I did not realize that the next phase of the plan is where I would have my money stolen. She put me through to a "broker" whose Whatsapp account had the MetaTrader 5 logo on its display picture and introduced themselves as "Customer Service". Over the course of the following days, I "registered" with a brokerage that calls itself "EthBtc Investment Limited" and sent over $7000 of funds from my bank account via Debit Card.

The "girl" I spoke to would tell me when to buy and to sell about 10 minutes later. Each of the trades resulted in me profiting after each trade, but now I have been reading that they can manipulate the Meta Trader app using their servers to make it seem like the trades are resulting in profits. Once however, after becoming suspicious, I purposely "sell" instead of "buy" on her command and I did end up losing on that trade. I mention this because it may be the case that the trades themselves are legitimate, but the broker has no intention of ever letting me withdraw any funds.

Finally, about 1 week ago, I requested for a withdrawal of most but not all of the funds I have deposited. The reason is because I wanted to see whether anything would make it back to my bank account. I also informed both the "girl" and "customer service" that I need these funds for my personal expenses, but that upon receiving them I would reinvest my bitcoin wallet. My idea was to play into their greed and maybe give them an incentive to send me some money back. Foolish, I know.

I provided "customer service" with the direct deposit information, and to their "credit", they "processed" my request and sent me a "confirmation" of my withdrawal. I will attach the screenshot of the confirmation for context, but it looks completely fake. Sure enough, I've called my bank and they've told me that there isn't any records of any deposit into my account. Albeit, they did inform me that international bank transfers can take a couple of weeks, and it's thus far been 1 full week with a few holidays in between the day I requested funds and today. Still, I am not hopeful that there will be anything coming my way from them.

Anyway, my bank said they will start an investigation. But I am not hopeful in anything there, based on what I've read from other people's experiences. I have spoken one "chargeback" company, that sounded pretty confident due to the recent nature of this situation, that they can help me retrieve funds. But I don't share their optimism. They want funds up front, which I actually understand and their terms are fair. But I have a feeling it's just throwing more money down the drain. I've seen great reviews of "PayBack LTD", and might get on the phone with them as well. But again, it doesn't feel like there will be much they can do either.

I would appreciate anybody's thoughts regarding my situation. Attached to this threat will be relevant screenshots on this matter. If someone can TRULY help me, I will gladly pay them a fee. Obviously the moderators on this site have warned to stay alert of any scammers on here. My guard is up but if anyone wants to chat, my DM's are open. Take care everyone.
 

Attachments

  • thumbnail_IMG-20210331-WA0013.jpg
    thumbnail_IMG-20210331-WA0013.jpg
    41.1 KB · Views: 3
  • thumbnail_Screenshot_20210403-182420_WhatsApp.jpg
    thumbnail_Screenshot_20210403-182420_WhatsApp.jpg
    132 KB · Views: 3
  • thumbnail_Screenshot_20210407-190841_Outlook.jpg
    thumbnail_Screenshot_20210407-190841_Outlook.jpg
    92.1 KB · Views: 3

scammedboy21

Recruit
Messages
3
Two things I forgot to mention, the broker's website address is ethbtcforex.com and the payment processor that was used to make payments was via MoonPay, moonpay.io
 

The Punisher

Master Sergeant
Messages
433
Hello, I am sure you guys have heard this type of story before but here goes.

About 2 weeks ago, I was matched with a girl on Tinder who claimed to be from Hong Kong. We quickly moved from Tinder to Whatsapp, andhad very deep conversations about life, travel etc. She would sprinkle into our conversations that she makes a killing trading currency on the MetaTrader 5 via her "uncle" who is an experienced currency trader. She was so convincing and nonchalant about all of this, that I practically asked her to copy her trades.

She told me to download the MetaTrader app and at this point all of my suspicions foolishly went out the window because I saw that the app is highly reviewed on Google Play and thought my money was safe there. Due to having 0 experience in trading, I did not realize that the next phase of the plan is where I would have my money stolen. She put me through to a "broker" whose Whatsapp account had the MetaTrader 5 logo on its display picture and introduced themselves as "Customer Service". Over the course of the following days, I "registered" with a brokerage that calls itself "EthBtc Investment Limited" and sent over $7000 of funds from my bank account via Debit Card.

The "girl" I spoke to would tell me when to buy and to sell about 10 minutes later. Each of the trades resulted in me profiting after each trade, but now I have been reading that they can manipulate the Meta Trader app using their servers to make it seem like the trades are resulting in profits. Once however, after becoming suspicious, I purposely "sell" instead of "buy" on her command and I did end up losing on that trade. I mention this because it may be the case that the trades themselves are legitimate, but the broker has no intention of ever letting me withdraw any funds.

Finally, about 1 week ago, I requested for a withdrawal of most but not all of the funds I have deposited. The reason is because I wanted to see whether anything would make it back to my bank account. I also informed both the "girl" and "customer service" that I need these funds for my personal expenses, but that upon receiving them I would reinvest my bitcoin wallet. My idea was to play into their greed and maybe give them an incentive to send me some money back. Foolish, I know.

I provided "customer service" with the direct deposit information, and to their "credit", they "processed" my request and sent me a "confirmation" of my withdrawal. I will attach the screenshot of the confirmation for context, but it looks completely fake. Sure enough, I've called my bank and they've told me that there isn't any records of any deposit into my account. Albeit, they did inform me that international bank transfers can take a couple of weeks, and it's thus far been 1 full week with a few holidays in between the day I requested funds and today. Still, I am not hopeful that there will be anything coming my way from them.

Anyway, my bank said they will start an investigation. But I am not hopeful in anything there, based on what I've read from other people's experiences. I have spoken one "chargeback" company, that sounded pretty confident due to the recent nature of this situation, that they can help me retrieve funds. But I don't share their optimism. They want funds up front, which I actually understand and their terms are fair. But I have a feeling it's just throwing more money down the drain. I've seen great reviews of "PayBack LTD", and might get on the phone with them as well. But again, it doesn't feel like there will be much they can do either.

I would appreciate anybody's thoughts regarding my situation. Attached to this threat will be relevant screenshots on this matter. If someone can TRULY help me, I will gladly pay them a fee. Obviously the moderators on this site have warned to stay alert of any scammers on here. My guard is up but if anyone wants to chat, my DM's are open. Take care everyone.
This is a known scam company, see the thread below.

 

scammedboy21

Recruit
Messages
3
This is a known scam company, see the thread below.

Hey man thanks for letting me know about the origins of this scammer. You seem to have a high amount of respect on this forum and I would like your honest opinion. Unfortunately, I wasn't able to play it cool when it comes to these scammers and basically they know I know about what they're doing. That said, I spoke to two of the most reputable chargeback companies that I could find- PayBack LTD, and MyChargeback.

Packback LTD has much better reviews, though MyChargeback's isn't terrible. PayBack LTD seems to be the best company that tries to retrieve funds. They said they target the bank account that the funds were transferred to, though I am not sure how they will find that given that the transaction on my bank account looks something like this "MOON PAY C 3013.01_V".

However, both companies say due to the very recent nature (last 10 days) of these transactions and due to it being through Debit Card, they are both confident they can get my money back. Payback LTD wants a lot more however, I guess given their better reputation. Would you recommend either of these two companies? I would greatly appreciate your feedback.
 

The Punisher

Master Sergeant
Messages
433
Hey man thanks for letting me know about the origins of this scammer. You seem to have a high amount of respect on this forum and I would like your honest opinion. Unfortunately, I wasn't able to play it cool when it comes to these scammers and basically they know I know about what they're doing. That said, I spoke to two of the most reputable chargeback companies that I could find- PayBack LTD, and MyChargeback.

Packback LTD has much better reviews, though MyChargeback's isn't terrible. PayBack LTD seems to be the best company that tries to retrieve funds. They said they target the bank account that the funds were transferred to, though I am not sure how they will find that given that the transaction on my bank account looks something like this "MOON PAY C 3013.01_V".

However, both companies say due to the very recent nature (last 10 days) of these transactions and due to it being through Debit Card, they are both confident they can get my money back. Payback LTD wants a lot more however, I guess given their better reputation. Would you recommend either of these two companies? I would greatly appreciate your feedback.
Most chargeback companies are also a scam therefore I don't recommend to use them. Start by filing reports with the Securities Commission in your country, your local police and the Securities Commission in the country where the fake broker claims to be registered (UK). They advertise a False NFA number so I also recommend to report them to the US National Futures Association and the US CFTC.

1617923456835.png
 
Last edited:
Top