XQtraders turned out to be scam

[Hamada1983]

How do I create non-custodial wallet?

[Rikafip]

How do I create non-custodial wallet?

There are many non-custodial wallets around, but I would suggest you to get Electrum which is also open-source, meaning community was able to thoroughly checked it out to make sure there is no malicious code that could make you lose your bitcoin. Here is a good guide on how to use it and if that's not enough, there is also a dedicated Electrum board on bitcointalk and you can find it here.

Just to note that if you plan to store bigger amount of bitcoin, hardware wallet would be a safer option.

[Hamada1983]

The telegram group for Xqtraders successful withdrawal email have been deleted.

[Bitcoin_Arena]

On Google search I came across a website called programinspect.com that do research on trading website to review it  to see if it is legit or not. Is it also a scam or research was not done properly?. Xqtraders trading website pretend  to be legit at first but turn to scam at the end. Anyone know if programinspect.com is legit or done by scammers?

Please beware that there are so many fake review websites out there which are used to promote scam sites especially ponzi schemes. What you fell for is a first class ponzi scheme and you should be able to identify a ponzi scheme minus having to rely on review sites

Obviously ponzi's pretend to be good at the beginning and their promoters will try as hard as possible to send screenshots of withdrawals

[Hamada1983]

On October 2022 I chatted with Xqtraders support on WhatsApp  they said the website was moved to new host because of issue with original domains and the users reported the website and I have to pay 20 percent caution fees to get access to the new dashboard and they said the migration will be done within 48 hours and will provide the login details but after paid the caution fees  but I never heard from them and the message being read but ignored I think because I said Xqtraders is a scam and I  reported to authorities. The name on WhatsApp is Norman white side who turned to be Irish football player. Lunofund was suspended in October also with same reason that the platform moved to new host because of issues with original domain but they fled away.

The company was registered electronically with Florida department of state (sunbiz). Is that different than registering with financial regulators? I thought registration is enough for company to be legit.

[yhiaali3]

On Google search I came across a website called programinspect.com that do research on trading website to review it  to see if it is legit or not. Is it also a scam or research was not done properly?. Xqtraders trading website pretend  to be legit at first but turn to scam at the end. Anyone know if programinspect.com is legit or done by scammers?

You can use https://www.scamadviser.com/ instead of programinspect.com.
scamadviser.com is well known and reliable and I use it all the time.
I checked the XQtraders site as you can see in the screenshot the site got 1/100:

Negative highlights
The website's owner is hiding his identity on WHOIS using a paid service

This website does not have many visitors

We found many low rated websites on the same server
We detected cryptocurrency services which can be high risk
Possible high risk financial services detected
Financial services (or content) identified with a high risk/return

Characteristics of a HYIP site detected

Anonymous payment methods were identified on this site

People voted this site as possible fraud on Scamadviser

Several, mainly negative reviews were found for this site

This website appears to be using a hosting provider with a dubious reputation.

DNSFilter reported this website as malicious in the last 30 days

[Hamada1983]

The algorithm of scamadviser is not 100 percent perfect,I can say 80 percent perfect. Scamadviser also suggest you can do your own research on the website before taking action, for example I checked fortrade.com and I get low score but in fact the website is legit and regulated by IIROC in Canada, UK, Australia, Cyprus and Belarus.

[Hamada1983]

According to bbb.org and sunbiz.org the company was founded by Kevin Russ and Nicholas Spurlock. I just want to know if the scammer used a fake name or taking information from that company claiming to be that company? According to sunbiz.org the company was dissolved last September 2022. I believe they registered online from abroad to appear more legit.

 Another question is how come the domain was registered for ten years from December 2020 to December 2030 according to Whois? So the  scammer created that domain to appear more legit? Lunofund and Xqtraders are same crypto scam company created by Nigerians because both website was taken down on October 2022 claiming to have issue with original host but they ran away with the money.Both website were reported by users for illegal activities.

[acroman08]

According to bbb.org and sunbiz.org the company was founded by Kevin Russ and Nicholas Spurlock. I just want to know if the scammer used a fake name or taking information from that company claiming to be that company? According to sunbiz.org the company was dissolved last September 2022. I believe they registered online from abroad to appear more legit.

not sure if this is just for closure for you or something and I am not sure if this would help but I did a quick search using "Kevin Russ Xqtrader" on Google and this is what I found https://www.crunchbase.com/person/russ-kevin-childers, It says that he is the founder of Xqtraders, but if you search just using the name "Russ Kevin Childers" on google you'll find this https://www.linkedin.com/in/russ-kevin-childers-2a3587/, judging from the image they are the same person but with completely different location, Regions, etc. as for Nicholas Spurlock, I didn't find anything. anyway, from the quick search I did my conclusion is that the scammers used fake names or stolen information to deceive their victims.

their whole project is a scam from the start, saying 0.8% guaranteed daily return for a year is more than enough to conclude that the project is a scam.

[Hamada1983]

Thanks for the information. I think they registered online using Sunbiz Florida department website from abroad. I believe they filed the registration for a company online but with false information . According to sunbiz anyone submitting false statement is subjected to third degrees felonies.

[Bitcoin_Arena]

Another question is how come the domain was registered for ten years from December 2020 to December 2030 according to Whois? So the  scammer created that domain to appear more legit?

It's possible, though I don't like using the domain registration/renewal to expiry period as a measure to show the legitimacy of a service. It's just a few hundred dollars that a scammer can afford if he is running a popular Ponzi scheme.

[noorman0]

-snip-
Lunofund and Xqtraders are same crypto scam company created by Nigerians

It is fake and all their identities for registering domains are fictitious.

I would not conclude that they are Nigerians or Floridians if you only take reference from the identity they sent. The scammers these days are very clever. They can take advantage of another person's ignorance to obtain paid facilities and services in that person's name.

[tabas]

You need to close the other new thread you've made: Xqtraders company founder
It's because part of the forum rules.

12. No duplicate posting in multiple boards (except for re-posting topics in the local language boards if they're translated and re-posting marketplace topics in the altcoin boards if altcoins are accepted).

According to bbb.org and sunbiz.org the company was founded by Kevin Russ and Nicholas Spurlock. I just want to know if the scammer used a fake name or taking information from that company claiming to be that company? According to sunbiz.org the company was dissolved last September 2022. I believe they registered online from abroad to appear more legit.

 Another question is how come the domain was registered for ten years from December 2020 to December 2030 according to Whois? So the  scammer created that domain to appear more legit? Lunofund and Xqtraders are same crypto scam company created by Nigerians because both website was taken down on October 2022 claiming to have issue with original host but they ran away with the money.Both website were reported by users for illegal activities.

Now that you're talking about their domain registered until 2030. It's not a big deal because someone can do that for them or those names aren't really the name of the owners and they've just used a stolen identity or paid for someone to do that for them. I am still wondering how you guys are ending with these websites or groups that are likely to be scam.

[Hamada1983]

You need to close the other new thread you've made: Xqtraders company founder
It's because part of the forum rules.


I already locked it.

[Hamada1983]

According to bbb.org and sunbiz.org the company was founded by Kevin Russ and Nicholas Spurlock. I just want to know if the scammer used a fake name or taking information from that company claiming to be that company? According to sunbiz.org the company was dissolved last September 2022. I believe they registered online from abroad to appear more legit.

 Another question is how come the domain was registered for ten years from December 2020 to December 2030 according to Whois? So the  scammer created that domain to appear more legit? Lunofund and Xqtraders are same crypto scam company created by Nigerians because both website was taken down on October 2022 claiming to have issue with original host but they ran away with the money.Both website were reported by users for illegal activities.

Now that you're talking about their domain registered until 2030. It's not a big deal because someone can do that for them or those names aren't really the name of the owners and they've just used a stolen identity or paid for someone to do that for them. I am still wondering how you guys are ending with these websites or groups that are likely to be scam.
[/quote]

I registered on January 2022 in believing the trading website for crypto, forex,stock and indices is legit with Florida registration number and it has office location in St Petersburg with address and phone number. I was earning daily profit and even withdrew some money without realising it is a Ponzi scheme. However in May 2022 I was trying to send crypto to Xqtraders and it took long time for the fund to appear in the account but before I funded the account with no issues and at most it takes 30 mins for the funds to be available. When I tried to send crypto to Xqtraders account again  it never arrived and I have to email support team and they gave me their wallet address  and the funds arrived within few hours. I did not know it was a scam until the website site was taken down in October 2022. The chat box was removed from the website in late 2021.

Each time I transfer crypto they give me different wallet address after the site experienced issues.

[Potato Chips]

According to bbb.org and sunbiz.org the company was founded by Kevin Russ and Nicholas Spurlock. I just want to know if the scammer used a fake name or taking information from that company claiming to be that company? According to sunbiz.org the company was dissolved last September 2022. I believe they registered online from abroad to appear more legit.

My guess would be similar to others, op -- hide real identity as that's the easiest and safer way. Emphasis on "guess" though because we can't say for sure.

If you're on USA, you can probably file a police report and try to ask an officer if they could request and take a look at the suspected people's records which would be a step closer.

[Hamada1983]

Someone contacted me by email claiming they are recovery agent for Xqtraders and said he will will recover my funds and asked me to message him on telegram. He asked me to download trust wallet and he gave me the 12 secret phrase but I did not follow his steps to recover the funds because that led me believe it is a recovery scam because I heard bitcoin transactions are not reversible and chance to recover the funds are slim. He also claimed he recovered my funds.

I was reading reviews on scam adviser that people are being scammed by trading company and claimed the recovery agent helped them get their stolen money back. I wonder if these reviews are genuine.

[acroman08]

Someone contacted me by email claiming they are recovery agent for Xqtraders and said he will will recover my funds and asked me to message him on telegram. He asked me to download trust wallet and he gave me the 12 secret phrase but I did not follow his steps to recover the funds because that led me believe it is a recovery scam because I heard bitcoin transactions are not reversible and chance to recover the funds are slim. He also claimed he recovered my funds.

I was reading reviews on scam adviser that people are being scammed by trading company and claimed the recovery agent helped them get their stolen money back. I wonder if these reviews are genuine.

it would be best to just ignore it, I've seen a lot of posts over the years here in the forum where people get an email saying they could help the individual recover their funds or they have already recovered their funds and just need to send a "fee" to release the funds. also, the "reviews" you've read saying that the "recovery agent" helped them recover their fund is most likely just a fake review.