Warning: Is Paxos Plus a Scam?

Is Paxos Plus (paxos-plus.com) a Scam?

Paxos Plus (paxos-plus.com) has been flagged as a probable illicit platform.

We found that it is located at 24 Granary Mansions Erebus Drive, London, United Kingdom, SE28 0GH, and the support email is support@paxos-plus.com.

Paxos Plus claims to be a financial provider, but it appears currently unregulated by any top-tier authority, such as the FCA or SEC.

Scammed by Paxos Plus?

If you believe you have been tricked by Paxos Plus, act immediately. Submit the inquiry below to talk to our recovery team for a free consultation.

Is Paxos Plus Legit?

Paxos Plus operates without regulation.

Trading with unlicensed entities is highly risky. Real firms are always licensed with agencies like the SEC, ASIC, or FCA to ensure consumer safety.

Paxos Plus lacks this protection. As a result, there is no protection if they steal your money. Most investment fraud involve unregulated entities, and recovering money from them is hard without expert help.

For instance, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not part of SIPC, so your capital is at risk.

How They Steal Money

Online trading fraud is evolving. Scammers use social engineering to take your savings. Here are typical tactics used by sites similar to Paxos Plus (paxos-plus.com).

Dating App Scams

"Pig Butchering" is a cruel tactic where scammers build trust over weeks. They fake a friendship on social media. Once trust is built, they introduce a "lucrative" investment. It's a trap to get you onto a fake platform .

Fake Trading Dashboards

Fraudsters build websites that mimic legit trading apps. They have charts and balances that increase. But it is a simulation. The scammer controls the prices to convince you to deposit more. If you ask for a payout, the "profits" are gone.

Red Flags

• Unsolicited Contact: You get calls from "brokers" you don't know.
• No License: The firm lacks authorization.
• High Returns: They guarantee 1% daily returns or risk-free trades.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to invest bigger amounts.

Do not trust fake reviews. Scammers often write their own positive reviews to look legitimate.

Verdict

We advise against Paxos Plus. It appears to be a fraud. Save your funds and find a regulated broker. Avoid paxos-plus.com at all costs.