I was convinced to sign up for a bitcoin trading site, called Btctradefare.org. It's "based" out of the UK from a guy I met in a Facebook bitcoin group who goes by the name Jachimike Onah. The site takes members deposited bitcoins "to trade in the stock market, Forex market, oil and gold markets". Depending on which plan you choose to invest in within their platform and waiting from a range of 24 to 72 hours you would receive your profits and the deposit back in your trading account. That's their system, but thats not all. The website was a secured url and everything was working fine. Until.... I was told to send - in total $1500 in bitcoin, because I had "won their end of the month promo" of $5000, which was put into my trading account. However, in order for me to withdraw my prize the first step was to send $1000.00 in bitcoin for "withdrawal fees and tax approval fees". I sent the $1000.00 of bitcoin on 9/23/17 and received a form of receipt saying they received those funds. After I sent the $1000.00 they then tell me to send $500 in bitcoin to pay for the "VIP membership fee" since I was trading in gold, the highest plan to trade with, which is classified as VIP on the website. So I sent $500.00 on 09/30/17.
Everything was checking off fine that this company seemed what it was said to be, because the admins kept in pretty good communication with me through the site's chat box and through email and also talking to this Jachimike guy on Facebook who pushed me the whole way. I even made a couple of small test deposits and withdraws in the beginning that processed and went through to my bitcoin account to make sure it worked. I was told by an admin on 9/30/17 that I would receive the $5000 and be credited the $1500 I sent them at 6:00pm Uk time, which is 12:00 cst in the U.S. I spoke to an admin the afternoon of 10/01/17 asking them where the withdrawal of $6500 is and they told me that the funds have not entirely confirmed through the bitcoin network and that there is still time for the funds to get to my bitcoin account. I thought that made sense except for the fact that they kept saying it was going to be a little longer until I received the funds. On that same day at 7:45pm cst I make an attempt to login into my Btctradefare.org trading account and the url takes me to a page which says "this account has been suspended". I assumed this was the plan all along on their end and now I will never see those $1500 again.
After doing research on the website, I know which should have been done before getting involved, the site is only a month and a half old and was created in Arizona and is based in Canada and another county which I'm guessing is the UK. Another very suspicious detail about this company is that it was created to have a short life expectancy. When you see that about a bitcoin trading site it is 99% always a scam. So look out for anyone who is promoting this site on Facebook or even here on Steemit and tell them Jim said FUCK YOU!!! and TO FUCK OFF!!