Phantomgap is owned and operated by IOS Investments Limited, which is a known scam company. This so-called firm already owns a number of fraudulent websites, and Phantomgap is just the last one in line. The scam quickly attracted attention of the authorities, and IOS Investment Limited decided to change the domain name.
Learn how to see through the lies and deceit of frauds in our Phantomgap Review.
phantomgap.ch
phantomgape.com
Belize (Alleged)
Phantomgap is another scam from the production line of IOS Investments Limited, a well-known fraud. The phantomgape.com is not even the first domain to host the Phantomgap scam. As you may have guessed, the previous one was phantomgap.com, and the difference is only in a single letter.
Both phantomgap.com and phantomgap.ch are now defunct websites. However, searching through internet archives reveals that they are completely identical to phantomgape.com in both website design and content!
The company registration and license that Phantomgap claims to possess is completely bogus as well. Allegedly, the company is registered in Belize with license pending, but checking with FSC has proven this claim wrong.
Another attempt to hide their fraudulent behavior by the scammers is done on the review platforms as well. If you go looking for phantomgape.com you won’t find any results. If you search for Phantomgap instead, you open a can of worms.
“ Impossible to get payment, and asked to close account Being constantly harassed by phone by different individuals from Europe, Switzerland all using different Canadian phone numbers. “
“ Looks good at the beginning -making money – they tell you wow you are going to make so much money – they pump you up ask for more money – as soon as you try to withdraw money you can’t get ahold of anyone! Email bounces back – chat is useless- as they don’t answer […] “
“ […] So they stopped calling me, they never answer their chat, and forget about withdrawing ur money. As soon as I told them I want to withdrawal ….that’s when I didn’t here from them anymore, imagine for 1600.00! […] “
It’s clear that Phantomgap doesn’t play by the rules. If you have deposited money with this dangerous firm, contact our legal professionals as soon as possible in order to start a chargeback process.
A high quality website like phantomgape.com is a powerful marketing tool. Although this website was only launched in mid 2023, the Phantomgap scam has been active since late 2022.
These people present themselves as professional financial analysts and industry insiders. Another one of their roles is to act as a “Personal Account Manager”, and fool their victims into wasting money on unsuccessful trades.
Phantomgap purposely targets regions with strict financial regulation, and advertises trading conditions that are not available through licensed brokerages.
This is where most of the phantomgape.com traffic comes from:
There is no shame in being defrauded by these professional con men. Tell us your story, and we can bring these fraudsters to justice together! Help is closer than you think – call us today via the live chat and book a free consultation.
Allegedly, Phantomgap also supports mobile trading. Their mobile version of MT5 is a demo as well, though. This makes their clients default back to the same tampered Web Trader on a phone or tablet.
Needless to say, this software would be obsolescent and poorly optimized even if it did feature honest trading.
In order to appear legitimate to potential investors, Phantomgap claims to offer a wide selection of trading instruments. They offer cryptocurrency assets as well, in an attempt to ride the current craze.
The assets are divided in the following groups:
One of the telltale markings of a fraud are the tiered account types. Phantomgap features them as well. A demo is not available, and all trades involve speculating real money.
There are only slight variations with these accounts, where the more expensive ones yield seemingly better trading conditions.
Take a look at how much they cost at Phantomgap:
You won’t find any actual numbers on phantomgape.com or any other domain hosted by Phantomgap. There isn’t even any info about leverage or spreads in their Web Trader either.
Since the MT5 demo doesn’t represent trading conditions found on Phantomgap, this was not a reliable source of information. The Terms and Conditions document doesn’t mention anything about trading fees, commission or rollover.
This sort of information opacity is common with fraudsters, as they don’t want their victims to know what they’re getting into before investing money. The only fee that is mentioned anywhere on the website is a 10% inactivity fee, which is huge compared to legit brokers.
This scam broker includes a Withdrawal Policy document on their website. However, it is as vague as their Terms and Conditions, and serves no other purpose than to make the company appear legit. In reality, there are no withdrawals from Phantomgap.
The Bank Wire Transfer is the only method for depositing with this faux broker. Even for that, you must contact your “account manager”, aka Boiler Room Agent.
To resolve problems with Phantomgap withdrawal, contact our legal experts via the live chat on our website.
Phantomgap is owned and operated by a known fraud, IOS Investment Limited. This parent company has been placed on the blacklists of multiple regulators for offering unauthorized financial services.
If you have deposited any funds with Phantomgap, you should start a chargeback as soon as possible. The more you wait, the more time the fraudsters have to vanish with your money! Use the live chat on our website today, and book a free consultation with a chargeback expert.
No, Phantomgap is a subsidiary of IOS Investment Limited, a company that runs a number of known scams.
Although Phantomgap advertises the MT5 platform, the only usable software with this fake broker is a Web Trader.
No, there is no demo account on Phantomgap. The only demo available with this faux company is not run by Phantomgap, but by MetaQuotes.
Withdrawing funds from phantomgape.com requires legal action. Contact our chargeback professionals via the live chat for more information about asset recovery.
The post Phantomgap Review – Changing Domain Doesn’t Make The Warning Go Away appeared first on Global Fraud Protection.
