The finance phantom platform

Has anyone had any experiences with this platform? Not sure if it's legit or a scam. I'm a newbie to this forum so apologies if I haven't posted this correctly. 
«1

Comments

  • gravel_2
    gravel_2 Posts: 618 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    edited 20 August 2024 at 10:39PM
    Scam. I can't access their website but I can see that their domain is only 47 days old. When you Google the name you are bombarded by fake content promoting it as not a scam - indicative that it is indeed a scam.

    How did you come across it?
  • ColdIron
    ColdIron Posts: 9,692 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    edited 20 August 2024 at 10:47PM
    Crypto trading
    Website created 11/06/2024
    All registrant data 'REDACTED FOR PRIVACY' or in other words - concealed
    Good luck, hope you didn't give them your contact details
  • Eyeful
    Eyeful Posts: 807 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    edited 21 August 2024 at 8:57AM
    1. Using scam checkers websites --- its a scam.
    Take a look at these;-.

    https://check.getsafeonline.org/check/financephantom.co.uk
     https://www.scam-detector.com/validator/financephantom-co-uk-review/
    https://malwaretips.com/blogs/financephantomplatform/

    2. Stay away from trading crypto!

    3. If you look at their contact page, they do not supply 
    Their phone number or address but they do want YOUR DETAILS.

  • masonic
    masonic Posts: 26,307 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What a name!
  • dunstonh
    dunstonh Posts: 119,099 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 21 August 2024 at 9:50AM
    I just looked at their website, and the English and grammar used are poor. It looks like it was written by AI or some sort of translation software. Why say 10 words when you can embellish into 1000 words? It's like the AI had the personality of Russell Brand.

     It also uses American spelling.

    The website is also missing any reference to their company registration.  Genuine companies will be either a PLC or  LTD.   You are required to display your registration details and most put it in their footer.      There are also no contact details.   You won't have a clue where to go to find out who has taken your money.

    https://uk.trustpilot.com/review/financephantomplatform.com

    https://malwaretips.com/blogs/financephantomplatform/





    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • I have just seen and read an article about a number of high profile people who use and seem to endorse 'Finance Phantom'  but I am sure I recall Martin saying "If it seems to good to be true, then it is too good to be true"  So I was wondering if you have any information about how it works, how your money increases and if it is a con or not?  I understand that it night lead to a loss at times but everyone seems to be saying they make more than they loose.
  • wmb194
    wmb194 Posts: 4,554 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 6 September 2024 at 3:51PM
    lozmilzak said:
    I have just seen and read an article about a number of high profile people who use and seem to endorse 'Finance Phantom'  but I am sure I recall Martin saying "If it seems to good to be true, then it is too good to be true"  So I was wondering if you have any information about how it works, how your money increases and if it is a con or not?  I understand that it night lead to a loss at times but everyone seems to be saying they make more than they loose.
    *lose. Who are these high profile people, where did you see this and how did you find out about it? One of the classic scam advertising tactics is to tell you that someone high profile is investing in or via whatever it is but it's invariably fake.

    But if you're not convinced just read the posts above...
  • Bostonerimus1
    Bostonerimus1 Posts: 1,355 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 6 September 2024 at 4:00PM
    lozmilzak said:
    I have just seen and read an article about a number of high profile people who use and seem to endorse 'Finance Phantom'  but I am sure I recall Martin saying "If it seems to good to be true, then it is too good to be true"  So I was wondering if you have any information about how it works, how your money increases and if it is a con or not?  I understand that it night lead to a loss at times but everyone seems to be saying they make more than they loose.
    You might like to post a link to the article so we can all have a good laugh. 

    I've never heard of the platform so I know nothing about it, but your mention of high profile endorsements convinces me that I would not touch it with a (very)^∞ long barge pole. Do not pursue this!!!! If you want to invest use your workplace pension and/or your ISA to invest in funds from reputable providers like Vanguard, iShares, Fidelity etc. 

    And so we beat on, boats against the current, borne back ceaselessly into the past.
  • dunstonh said:
     It's like the AI had the personality of Russell Brand.

    That's just made it into my top ten dystopian nightmares.
    And so we beat on, boats against the current, borne back ceaselessly into the past.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.7K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.6K Work, Benefits & Business
  • 619.3K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.