Caution: Braxton Wealth is a risky trading platform. Traders should be careful while dealing on the platform.
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Braxton Wealth Management is a complete scam. They follow the typical pattern of investment scams.
1. Respond to your email right away and encourage you to join now as they only have “limited” spots. They send you a link to click on to open a trading account which probably has installed spyware on your computer.
2. Rope you in with a small deposit of $250 USD by credit card. They even add a $25 “bonus” credit.
3. They will do thins to enquire about your age (you sound young, how old are you?) and will go into great detail about how much savings you have and what are your means to obtain more. They are fishing for those middle age and up that have pension money and retirement savings.
4. They will set you up with a “hand-picked” financial planner specific to your needs. This “financial planner” will recommend you set up “Whats Ap” for communication (because that’s how real financial planners operate…
5. They will immediately set up your account and make a trade that immediately makes 5%. They will than advise someone will contact you to set up a bitcoin wallet, which will act as a “middle” point for withdrawing your funds (from your Braxton account -> bitcoin wallet -> to your bank account) to avoid paying “higher taxes” from your home country. This is utter nonsense, the money in the wallet will not be accessible to you but to the scammers only.
6. Your planner will send you an email about investment trends (obtainable by google search) and why now is the time to go all in.
7. The next day they will advise you have three options ($5000, $10,000, and $20,000) and that you must choose won because the $250 you deposited is not worth their time (then why did you set that up as a minimum to join then?).
8. They will tell you to trust them as they did not debit your credit card for the $250 USD yet. The reason they did not charge your card is they are trying to suck you into one of the above plans and don’t want to be risked being discovered by a $250 charge. So the phony trade they made at start was not even made with your money.
If you have fallen for this scam, cancel your credit card immediately and change your online banking passwords from a different device. Have your computer checked for spyware.
Dear Nick, I have exactly the same experience. Braxton Wealth Management is a total scam!
They blocked my call and did not respond to e-mails. Let’s all gather together and pursue them through all legal channels available. Let’s alert the Zurich Kanton’s Polizei and Swiss cyber crime and put an end to their scam.
the same story with us. We want to close our account so we want to withdraw our money and now we would first have to pay fees to get our money. they refuse to deduct the taxes and fees from the account.
I am having the same problem too! Closed my account and now they want about 20% taxes before I can get my money out. I’m scared that even if I pay the taxes they won’t send me the rest of my money about 60,000 Canadian