Vortex Momentum Review 2024: Our Investigation Proves It’s A Scam

Last Updated on November 10, 2024 by Stephan Lindburg

Vortex Momentum is a newly-launched investment scheme disguised as a crypto trading robot. It’s designed to illegally obtain personal information such as name, email and phone number from newly-registered customers. This scam employs a variety of illegal or unethical advertising practices. However, the use of celebrity impersonations or fake news campaigns is by far the most prevalent.

Initially, victims are advised to invest modest amounts of money. However as our Vortex Momentum review proves, this changes very quickly and many investors end up absorbing heavy losses. Financial regulators believe these types of get-rich-quick schemes are usually orchestrated by international fraud rings. We also believe this to be true since our staff has regularly exposed similar systems during the past 5 years.

The people who must be held accountable for masterminding this fake signals app are affiliate networks and media agencies. They operate in conjunction with unlicensed offshore contracts for difference (CFD) brokers. Both parties are engaged in what is commonly referred to as a revenue share scheme. Promoters refer the traders, the brokers get them to invest money, and the revenue is divided between the two parties.

Now its time to discuss brokers. When we registered to conduct our $250 deposit test, the broker we got was named “CoinStart Capital”. Upon closer investigation it was quite apparent to us that this broker was not licensed to manage customer portfolios. It also became very clear that there was no legal business address or record of ownership. Additionally, we were not able to find any reference to letters of incorporation. The only thing we were able to find is an address in the Philippines which shows up as an apartment building for European ex-patriots.

Taking all of this into account, it was pretty clear at this stage that we stumbled onto a hoax. The Vortex Momentum scam app is very much real and getting super-viral on the web. This crew of particularly crafty con artists who are the driving force behind this system are extremely well-funded and highly driven by greed. It’s also why you must be completely alert and very careful before you invest or do anything which may endanger your financial well-being.

If you want to take this bogus trading app out for a text drive and invest, it’s best you find the time to read our extensive Vortex Momentum review. Ultimately, you are responsible for making the correct financial decisions. If you choose to ignore the facts and refrain from conducting research you will surely suffer the consequences.

Official Vortex Momentum Website, Login Page and Members Area: We found 6 (Six) websites that present themselves as the “official app”. None of them should be regarded as genuine or legit.

Evidence Of Scam And Foul Play

Take a quick look at the image below. Make sure to examine the fonts, images, color palette, and registration form. Even the content is semi-recycled and reused. This can be seen in “sophisticated trading methodologies” instead of “methods”.

As you can see below, here is another cloned site which is used by the same affiliate network for similar purposes. Everything revolves around the concept of cryptocurrencies and automated trading robots. It’s a complete copy job and even a four year old child can see it. There are many more websites like it and they are all based on the same marketing spin.

Vortex Momentum Fake News

Our research staff has already spotted multiple fake news campaigns on Facebook and LinkedIn as well. In these fake news ads viewers are told that Prince William or Keir Starmer are using a new system that generates money. When they click the link they are directed to one of the Vortex Momentum websites where they are advised to enter their name and personal details.

There are additional fake news ads which target residents in France and Germany. However, Vortex Momentum is primarily trending in the United Kingdom and to a lesser degree in Canada as well.

Fake Vortex Momentum Reviews

We have already seen at least 4 websites that are officially endorsing the Vortex Momentum scam trading app. All of these websites are directly or indirectly related to a fraudulent affiliate network and SEO agency named Finixio. This agency is known for playing dirty, and has been exposed many times in the past for doing so. This exposure does not stop them or cause them to change their ways. Even legal action has not stopped them as they continue to promote illegal Forex and gambling schemes from their UK offices.

Vortex Momentum: Suspected Phishing Site Warning

Our security experts have conducted some tests and noticed that Vortex Momentum is flagged as a phishing site by Cloudflare. For those of you who are new to the cyber-security scene and don’t really know what phishing is here is an explanation. Phishing is a deceptive method of obtaining personal information. This information is usually used for spamming purposes, however it can also be used to charge your credit card (fraud).

This means that the criminals who are promoting this scheme are attempting to defraud new registrants. If you happen to encounter one of the Vortex Momentum websites and view a warning page like the one above please close the tab and refrain from re-visiting.

Vortex Momentum: Fake Testimonials

We also happened to stumble onto some fake testimonials when browsing through one of the Vortex Momentum websites. Needless to say, we were not surprised in the least bit.

Fake testimonials are classic baiting tools scammers use to entice potential new victims. This is done to create a much-needed sense of legitimacy and in order to alleviate any concerns or possible resistance.

What Is Vortex Momentum, Who Is Behind It, and How Does It Work?

Vortex Momentum is a marketing scheme. It’s designed to take the shape of a cryptocurrency trading robot. Newly-registered customers are cajoled into investing through a certain website, and then redirected to illegal CFD brokers. The people who are orchestrating this scam are affiliate networks and CFD brokers. Affiliates act as promoters who refer paying clients, and the brokers send back referral fees as we have clearly stated in our opening arguments.

Vortex Momentum Review: Time To Step Back And Reconsider

Just when you thought you’ve heard it all, a new and “amazing” new system hits the markets and promises to make you a fortune. This time it’s called “Vortex Momentum”, and you can be sure it’s totally fraudulent. Interestingly enough, we were made aware of this scheme after receiving a complaint email from one of our subscribers in the United Kingdom. Karen from Newcastle upon Tyne told us that she registered for this system and immediately started receiving multiple phone calls from people who have a “strange” accent.

Karen told us that Matteo from Stellar Pro Capital called her and advised her to invest an additional £8,000 “in order to make some serious money”. Karen was not about to risk that much money without conducting some proper research and ended up communicating with us. We immediately told her to refrain from investing additional amounts and to run a virus check on her computer or mobile device. Of course, the virus check indicated she had unwanted PUPs (potentially unwanted programs) being downloaded on her device.

At that point Karen understood she was getting fleeced and called her local police station in Northumbria. The sergeant at the desk asked her to fill out some forms and then she gave testimony. The website was added to the FCA warning lists and legal action has already been taken.

It’s not every day we get to see how people like Karen actually physically go to the police and report a crime. Most people are lazy and simply accept the fact that they got scammed. This is exactly what the fraudsters are counting on, and it’s up to you to stop them!

Our $250 Deposit Test

When our researchers registered and invested $250 everything seemed to go well at first. We just failed to realize we were being fattened up and readied for butchering.

Be an informed trader, don’t be fooled by scammers and con artists. Before you invest make sure to conduct extensive research. You must understand how the software or service you are buying into works. Make sure to research multiple sources before making a decision. Always try to find professional advice from known or well-recognized financial websites in the industry.

Professional review websites understand how to conduct background checks, certifications, qualifications, or historical background related to financial advisers or systems. Furthermore, checking government or regulatory websites is always a good idea as well.

If you suspect you have been a victim of the Vortex Momentum scam or others like it, make sure to contact your bank or local police station.

Research Methodology

If you wish to understand how we conduct our investigation, you may want to take a look at the chart below. Our research team asks 4 basic questions that act as a kind of platform or springboard for deriving insights.

Summary	Synthesis
Sources	Validating multiple sources of information.
The Main Arguments	Understanding the arguments. Either for or against.
Facts Versus Opinion	Relying on facts rather than supposition or previous experience.
Critical Analysis	An empirical approach to problem solving.
Organizing the information	Organizing the information in a clear and transparent manner .

As you can clearly see, we tried to keep it simple and easy to understand. Previously we had complaints about technical or academic terms related to statistical analysis or technology. This is no longer the case.

What Are Other Sites Saying About Vortex Momentum?

We checked to see what other review websites or sponsored articles are saying about this service. Here is a short list with a few excerpts that briefly describe what these sites are writing.

• An excellent new trading app with accurate data logs.
• This software offers a diversified crypto investments portfolio for new and professional traders.
• An exceptional system designed to “remove barriers” in online crypto trading.
• This incredible software taps into a “new and promising” type of technology.

This is just a partial list, but you get the point. We were not able to find one professional review website that doesn’t endorse the software. What does that tell you?

Strategies, Backtesting, And Comparative Data

The Vortex Momentum scam website offers no strategies. This is highly irregular, yet not surprising given the type of software in discussion. Expert Advisors, and even the most basic Forex apps offers strategies like Stochastics, Price Action, Swing Trading, or Scalping. There is also no backtesting or access to historical data which can be used for comparative analysis.

Pros and Cons

Here is a short chart which lists the major pros and cons associated with this offer. Again, we intentionally kept it short and simple so anyone can quickly understand what potential benefits Vortex Momentum offers.

Pros	Cons
No Pros	Copied App Unregulated Bad Service

There are additional parameters we left out. If you wish to know what they are please reach out and message us.

Regulation and Legal Aspects

Vortex Momentum is not a legal trading app. We know this for a fact because our staff searched a variety of licensing authorities and regulatory entities such as CySec, BaFin, and CONSOB (partial list). We also checked patent offices and a variety of business directories across the world. This entity is very anonymous to say the least. Consequently, we were able to trace a business address in Belize, which is an extremely shady legal jurisdiction used for money laundering and tax evasion.

Confidentiality And Personal Information

Confidentiality regarding personal information is a critical aspect of data privacy and security. It involves ensuring that personal and sensitive information—such as names, addresses, identification numbers, financial details, and medical records—is protected from unauthorized access, disclosure, and misuse.

Issues related to data collection and purpose limitation are usually at the heart of the problem. It means that the system you register for can collect only the data needed for specific, legitimate purposes. Additionally, management must inform individuals why their data is being collected, how it will be used, and if it will be shared. In the case of Vortex Momentum this is not the case. In fact, the exact opposite is true. You can be sure that your personal information will be used, recycled, and then sold to third parties.

Safety And Security

Safety and security in online trading apps are paramount to protect users from potential financial loss, fraud, and identity theft. Here are essential safety and security practices that online trading apps typically implement to safeguard users:

1. Two-Factor Authentication (2FA)

• Users should enable 2FA to add an extra layer of security. This requires a second form of verification (e.g., an SMS code, email confirmation, or authentication app) in addition to a password.
• 2FA helps prevent unauthorized access, even if login credentials are compromised.

2. Secure Login and Password Requirements

• Encourage or enforce strong, complex passwords that are hard to guess.
• Implement session timeouts to log users out after a period of inactivity, reducing exposure to unauthorized access.

3. Data Encryption

• Use end-to-end encryption for data in transit and encryption for data at rest.
• Encrypt sensitive personal and financial information like transaction history, bank details, and personal identification numbers (PINs) to prevent unauthorized access.

4. Real-Time Alerts and Notifications

• Send users real-time alerts and notifications for account activities such as logins from new devices, withdrawals, deposits, and trades.
• This allows users to quickly detect and respond to any suspicious activity.

5. Device and IP Monitoring

• Monitor for logins and trading activities from unfamiliar devices or locations.
• Require additional verification when a login is detected from a new IP address or device.

6. Anti-Fraud and Anti-Malware Measures

• Implement advanced anti-fraud systems that can detect unusual trading patterns and flag them for review.
• Ensure that the app and its servers are protected by robust anti-malware solutions to detect and mitigate threats in real-time.

7. Secure Coding Practices and Regular Updates

• Use secure coding practices to prevent vulnerabilities like SQL injection, cross-site scripting (XSS), and cross-site request forgery (CSRF).
• Regularly update the app to patch security vulnerabilities and improve security features.

8. Privacy Controls for User Data

• Allow users to control their privacy settings, choosing what data they share and how it is used.
• Follow data privacy laws like the GDPR and CCPA, ensuring users’ data is handled responsibly and transparently.

9. Account Recovery Options

• Provide secure account recovery options, like security questions or 2FA with email verification, to help users regain access if they forget their passwords.

10. Education and Security Reminders for Users

• Education of users on safe practices, such as recognizing phishing attempts, avoiding public Wi-Fi for trading, and safeguarding login details.

11. Regulatory Compliance and Audits

• Ensure compliance with financial regulations and regularly audit security practices.
• Regulations such as the Financial Industry Regulatory Authority (FINRA) in the U.S. and similar bodies in other countries set standards for secure and compliant trading environments.

12. Customer Support and Dispute Resolution

• Provide access to responsive customer support to address security concerns quickly.
• Have a secure process in place for verifying user identity before assisting with account-related issues.

These measures collectively help ensure that users can trade confidently, knowing that their information and funds are well-protected from potential security risks. Vortex Momentum does not employ any of these safeguards.

What Is Leverage In CFD Trading?

Leverage in CFD (Contract for Difference) trading allows traders to gain exposure to a larger position in a financial market with a smaller initial capital outlay. In simpler terms, leverage lets traders “borrow” funds from the broker to increase their potential position size and, consequently, their potential profit or loss.

Example of a Leveraged CFD Trade:

• If a trader uses 10:1 leverage to buy a CFD on a stock priced at $100 with $1,000, they control $10,000 worth of the stock.
• When the stock price rises to $110 (10%), the trader’s position increases to $11,000, giving a profit of $1,000.
• However, if the price drops to $90, the trader’s position would decrease to $9,000, resulting in a $1,000 loss.

Traders can manage the risks associated with leverage by setting stop-loss orders, using appropriate position sizing, and carefully selecting leverage ratios that align with their risk tolerance and market experience.

In summary, leverage in CFD trading can be a powerful tool to enhance trading potential, but it requires disciplined risk management to prevent large losses. Vortex Momentum offers insane leverage of 100:1, which is largely perceived to be a scam by professional retail Forex or CFD traders. Investors taking on that much risk usually end up losing more money than originally intended.

Are CFD Trading Apps Compatible With Exchanges?

Some modern CFD trading platforms allow integration with other trading tools or platforms, but they don’t directly integrate with cryptocurrency exchanges. If a CFD app supports cryptocurrency trading, it usually offers it as a standalone CFD product within the platform, separate from any actual exchange operations.

Whether to use a CFD app or a cryptocurrency exchange depends on your trading goals:

For speculative trading on price movements without owning the actual cryptocurrency, a CFD app may be more suitable, especially if you want access to leverage. For buying and holding cryptocurrencies or trading a broad range of digital assets, a cryptocurrency exchange would be the right choice. In some cases, traders may use both: a CFD app for short-term leveraged trading and a cryptocurrency exchange for long-term holdings.

Cashier (Deposits and Withdrawals)

New members wanting to deposit with Vortex Momentum will find it to be a relatively easy process. Once you are phone-verified and send certain documents the cashier section is made available. Please note that you will be asked questions regarding your financial background. The scammers are not interested in dead beats or unemployed bums. They are looking for people with a steady income who are willing to invest a significant of money. So get ready for these types of questions as well.

On the flip side, try cashing out and see what happens. You will be stonewalled, deferred, and bounced around like a ragdoll. This is done to create frustration and get customers to give up. In most cases this is the exact outcome, however once in a while we get complaints regarding declined withdrawals. Which is exactly what happened in this case.

Trustpilot, Reddit, Social Media and Forums

We have already noticed more than a few fake profiles on social media such as Facebook, TikTok, and Instagram. The same is true for forums and review platforms like Trustpilot where it’s quite easy to purchase reviews. Make sure to use professional cryptocurrency or financial review websites as a point of reference. These websites actually have owners and can be held accountable.

Taxes

Taxes are of no concern to anyone trading with Vortex Momentum. That’s because taxes can only be levied if you accrue profits. Since we have already ascertain that only losses can be accrued, no taxed will be levied by the authorities.

Tested Alternatives

If you are interested in trying out a reputable and tested system your search is over. Our staff compiled a short list of recommended trading apps that generate steady profits on a regular basis. We never recommend an app before risking our own money and seeing with our own eyes how it works.

Verdict: Review Summary and Conclusions

Vortex Momentum is not a trustworthy trading app. After careful research our staff has reached the inevitable conclusion that this fraudulent trading software is nothing more than a scam. We can safely make this claim after investing and losing our initial deposit in a matter of minutes. In short, avoid the Vortex Momentum scam auto-trader and invest in other more trusted systems.