Warning: Is Chongspace a Scam?

Is Chongspace (chongspace.com) a Scam?

Our analysts urge you to steer clear of Chongspace (chongspace.com).

Chongspace appears to be a financial provider, but it is unlicensed by any top-tier authority, like the ASIC or CySEC.

Money Stuck in Chongspace?

If you believe you have been scammed by Chongspace, act immediately. Fill out the form below to consult our cyber-forensics team for a free consultation.

Is Chongspace Legit?

Our investigation shows that Chongspace is missing a valid license.

Trading with unregulated entities is extremely risky. Legitimate firms are must be registered with agencies like the SEC, ASIC, or FCA for your protection.

Chongspace operates without this supervision. As a result, there is no legal recourse if they steal your funds. Most investment fraud use unlicensed actors, and recovering funds from them is hard without professional help.

For example, in Europe, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of SIPC, meaning your capital is at risk.

Common Scam Tactics

Online trading fraud is getting smarter. Scammers use social engineering to steal wealth. Below are typical tactics seen in brokers like Chongspace (chongspace.com).

The "Romance" Trap

The "Romance Scam" is a brutal method where scammers build trust over weeks. They build a relationship online. Once trust is built, they introduce a special investment. It's a trap to get you onto a scam site like Chongspace.

Fake Trading Dashboards

Scammers create websites that look exactly like real trading apps. You see graphs and profits that increase. But it is a simulation. The broker manipulates the numbers to convince you so you invest more. When you try to withdraw, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" you don't know.
• No License: The company has no authorization.
• Guaranteed Profits: They promise 1% daily returns or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They demand "tax fees" first.
• Pressure Tactics: Agents pressure you to deposit more.

Ignore fake reviews. Scammers frequently write their own positive comments to look legitimate.

Final Thoughts

Our verdict is to block Chongspace. It is likely a fraud. Save your funds and use a regulated broker. Avoid chongspace.com at all costs.