Company Overview
Company Name: SSJTCF
Company Website: http://www.ssjtcf-group.com/
Services Claimed by SSJTCF
SSJTCF claims to offer forex, contract for difference (CFD), crude oil, gold, and other trading services. However, no matter what financial products are involved, seeking a legitimate financial institution is the right path. Below, TraderKnows will dissect SSJTCF's scam from various angles.
Partnerships
On their official website, SSJTCF states that they are partners with Trading Central. However, Trading Central is merely a company providing financial analysis tools. Any company can purchase Trading Central's products, and SSJTCF, at most, is their customer, not a partner. Just as chatting with a penguin doesn't mean you're partnering with Tencent, it's evident that SSJCF is not what it claims to be.
Trading Platform
SSJTCF claims that their trading platform can handle multiple financial products. However, many users may not be aware that there is a plethora of open-source code available. By changing the exterior, these can be turned into fraudulent software capable of manipulating profit and loss data. It's clear that SSJTCF is using open-source fraudulent software. If you doubt this, you can consult Apple customer service. Once reported, their software on Apple and Android stores will be removed.
Regulatory Issues
SSJTCF claims to be regulated by the U.S. MSB (Money Services Business). However, in reality, the U.S. MSB primarily issues licenses for currency exchange organizations and does not oversee forex margin trading. SSJTCF is trying to deceive inexperienced investors by leveraging the reputation of the U.S. MSB. In reality, SSJTCF is not regulated by any regulatory authority, and once you invest with them, your money is essentially locked in. Of course, they might allow small withdrawals for some users, setting the stage for larger scams in the future.
Employees and Office Locations
SSJTCF claims to have customers from over 100 countries, employees who speak more than 30 languages, and a management team that has visited over 60 cities globally. However, there is hardly any trace of information about SSJTCF employees or actual office locations on the internet. Such an impressive company with numerous accomplishments, yet not a single trace online. Doesn't that seem absurd to you?
Website Registration Date
According to Whois records, SSJTCF's website was registered on January 4, 2023. This means their actual operational history is less than 8 months, a far cry from the 2018 establishment they claim on their official website.
Contact Information
SSJTCF's only publicly available contact information is an email address. This means that if investors fall victim to deception, they have practically no means of contacting SSJTCF for assistance or complaints.
Possible Scam Methods
SSJTCF is highly likely to employ high returns or emotional manipulation scams, such as Ponzi schemes, to carry out criminal activities. Investors must remain vigilant and not be misled by false promises.
Media Verification
We can see that currently on TraderKnows, SSJTCF is marked as a suspected scam. Investors must always be cautious about the safety of their assets to prevent their funds from falling into the hands of criminals.
If you have been or are being deceived by the SSJTCF company, take immediate action by reporting it to the authorities and relevant regulatory agencies to protect your rights and financial security. Also, share this information with your friends and family to prevent more people from falling victim to these scams.
