Hello. Please check the following fraudulent companies: mirante fund management.com or the one with the prefix net. Also, phasset.net or under another name, Philippos Asset Management.
Hello! Iām Nuri AI, and Iām jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.
It sounds like youāre concerned about the legitimacy of these companies. Here are a few red flags to watch out for when evaluating brokers:
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Guarantees of High Returns: Be cautious if they promise high returns with no risk. Legitimate investments always carry some level of risk.
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Pressure to Invest: If they are pressuring you to invest quickly, itās a major warning sign.
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Unofficial Communication Channels: Be wary if they contact you through unofficial channels like Telegram or WhatsApp, or use generic email addresses like gmail.com.
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Regulatory Oversight: Always double-check their regulatory status. If they provide certificates or links to regulators, verify these independently to ensure they arenāt fake.
If you havenāt opened an account yet, these tips should help you avoid potential scams. If you suspect youāve been scammed, recovering funds can be complex, and I recommend checking this article by BrokerChooser: How to recover your funds when scammed.
For finding legitimate brokers tailored to your needs, you can use BrokerChooserās FindMyBroker tool: FindMyBroker.
A human will review your topic shortly and join the conversation. Stay safe!
Hello GarbledCaldron9263,
we checked the names and domains you shared, and there are strong official red flags.
1) āMirante Fund Managementā ā mirante-fund-management.com / mirante-fund-management.net
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The Swiss regulator FINMA has published a warning stating that www.mirante-fund-management.com is not related to the legitimate Swiss firm MFM Mirante Fund Management SA (Lausanne) (i.e., an impersonation/clone-style case).
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The Dubai Financial Services Authority (DFSA) also issued an alert stating that āMirante Fund Managementā is not, and has never been, authorised by the DFSA, and warns consumers to exercise extreme caution.
While the FINMA entry explicitly names the ā.comā domain, given the branding and typical scam patterns (multiple similar domains used by the same operation), the ā.netā version should be treated as high risk as well.
2) āPhilippos Asset Managementā ā phasset.net
- The Bank of Russia has published a warning entry for āPhilippos Asset Managementā, listing phasset.net (and related domains) and indicating signs of illegal activity as a securities market participant.
Conclusion
Based on these official regulator warnings, both cases should be considered high-risk / likely fraudulent (or impersonating legitimate entities).
If you have already interacted with them
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Do not send any more money or documents.
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If you deposited funds, try to withdraw immediately and keep screenshots/emails/chat logs.
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If they request ātax/fees/verification paymentsā to release withdrawals, treat that as a major scam indicator.
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Consider contacting your bank/card provider promptly to discuss possible chargeback/recall options, and report to your local authorities/regulator.Regards,
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Chris
These sites mirante and phasset in style and functionality look like clones of perhaps one gang of scammers as 2 divisions of one pseudo company with different logos and different history and stolen lei codes of existing companies. They are open for a year and will close by the summer of 2026. Can you do an investigation and write an article on your site about these two sites? If anything, I can help you with additional information that I already have. I became their victim and what I understood is that I have already lost more than $ 30,000 and they are not going to return anything to me but are just stalling for time until the sites are closed and telling complete nonsense and fairy tales in order not to return the money. I would be very grateful if you publish such an article on your site. I would like to be very careful, so if you allow the article to be from an anonymous victim. Thank you in advance for your understanding
Hello GarbledCaldron9263,
Thanks for your message. Here are the main problems/red flags we see with these entities and websites:
Key issues / red flags we identified
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Official warning signals & high-risk profile: The names/domains are linked to regulator warnings and/or typical scam patterns (impersonation/clone branding, multiple look-alike domains, inconsistent entity details).
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āRegistrationā vs. āregulationā confusion: They rely on offshore company āregistrationā language to appear legitimate, but this is not the same as being properly licensed and supervised as an investment firm/broker.
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Identity / branding inconsistencies: The presentation suggests possible impersonation/clone behavior (using similar layouts, recycled texts, shifting domain infrastructure, and āstory + logoā changes).
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Unverifiable licensing claims: Where they reference licenses/identifiers (e.g., LEI codes or vague regulatory references), these do not reliably demonstrate that the operator is a legitimately regulated broker.
Added to our scam database
We have added these names to our scam database. You can check them via our Scam Broker Shield:
https://brokerchooser.com/scam-broker-shield
(Just type the company name and it will show the result.)
Articles published
We have also published the following safety checks / articles:
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https://brokerchooser.com/safety/mirante-funds-broker-safe-or-scam
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https://brokerchooser.com/safety/mirante-fund-managementcom-broker-safe-or-scam
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https://brokerchooser.com/safety/prefix-trade-broker-safe-or-scam
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https://brokerchooser.com/safety/phassetnet-broker-safe-or-scam
Regards,
Chris
I can give you such information about these 2 companies that will shock you! Who are they, what are they, how do they deceive people, manipulate them, and so on. Everything I managed to find out so that you have a complete understanding of their large-scale scam. I can send you the information to your email for review.
What about paradacademy and paradtrade? Who are they? I can believe to them?
These are listed in our database under the ānot trustedā category.
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Donāt deposit or transfer any money (especially not via crypto or āfastā payment methods).
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Donāt share your bank card or online banking details, and donāt provide any sensitive personal information.
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Donāt install any āsupportā or remote-access software (e.g., AnyDesk/TeamViewer-type tools).
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Donāt send photos of your ID, a selfie, or proof of address.
Regards,
Chris
I can give you such information about these 2 companies that will shock you! Who are they, what are they, how do they deceive people, manipulate them, and so on. Everything I managed to find out so that you have a complete understanding of their large-scale scam. I can send you the information to your email for review.
We have all the information we need, but thank you.
Chris
Hello, I was contacted by Smartrade claiming they have recovered funds of mine when I was scammed. Are they legitimate?
If it hadnāt been for outside help, I honestly believe I would have lost everything.
On December 17, 2025, I got a call from someone claiming to be an official MetaMask representative. They said my wallet had been compromised and urged me to move my funds to a āsecureā wallet while they fixed the issue.
Trusting them turned out to be a huge mistake. About $22,000 worth of USDT was taken from my wallet. After two days of trying to reach them and getting no response, it became clear I had been scammed.
At that point, I reached out for professional help(CipherTraces). Through blockchain forensic analysis, the transaction trail was traced and my USDT was eventually recovered.
Iām sharing this as a warning, no legitimate wallet provider will ever call you or ask you to move your funds.
The firm that helped me was CipherTraces, and their contact info is help@ciphertraces.com
UnlikelyPotency8039 thanks for reaching out. We canāt confirm legitimacy from the name āSmartradeā alone, but please be aware that unsolicited āwe recovered your fundsā messages are very often linked to so-called recovery-room scams (scammers targeting people who were previously scammed).
Please do NOT do any of the following
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Do not pay any upfront fees (tax, ārelease feeā, insurance, verification, legal/admin fee, etc.).
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Do not share sensitive information (ID/passport, bank/card details, online banking credentials, crypto wallet seed phrase/private keys, one-time codes/OTP).
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Do not install remote-access tools (AnyDesk/TeamViewer) or allow anyone to āhelpā you on your device.
What to ask for (minimum) if they claim theyāre legitimate
Ask them to provide everything below in writing, and verify it independently (not via links/screenshots they send):
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Full legal entity name, address, country, and company registration number
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Regulatory authorization (if they claim to be regulated), plus a direct link to the official regulatorās register entry
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Proof connecting your case to them: how they identified you, case reference, transaction dates/amounts, and evidence theyāre authorized to act
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Where the ārecovered fundsā are currently held (institution + jurisdiction) and the legal basis for the recovery and transfer
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A verified callback number/email that matches the official registry/regulator entry (not just their website)
If they refuse, dodge specifics, pressure you, or keep pushing fees/remote access, treat it as highly suspicious and stop engaging.
Practical next steps that can actually help recovery
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Contact your bank/card issuer immediately (or the crypto exchange/payment provider you used) and ask about dispute/chargeback options (timelines can be strict).
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Preserve evidence: emails, chat logs, phone numbers, wallet addresses, transaction IDs/hashes, receipts, screenshots, and any URLs.
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Consider reporting to relevant authorities (local cybercrime/police, financial regulator).
You may also find this resource useful for recognizing scam patterns and what to do next:
Scam Broker Shield: https://brokerchooser.com/scam-broker-shield
Regards,
Chris
SteppedUpFilament5947 thank you for sharing your experience and Iām really sorry this happened to you. Iām glad to hear you were able to recover your funds in the end.
Your key takeaway is absolutely right: no legitimate wallet provider (including MetaMask) will ever call you or ask you to move your funds to a āsecureā wallet. Calls like this are a common impersonation tactic used by scammers.
A few important safety reminders for the future:
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Never share your seed phrase/private keys or any one-time codes (OTP) with anyone.
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Never install remote-access software (AnyDesk/TeamViewer) at someoneās request.
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Be cautious with any ārecoveryā services ā many are follow-up scams that ask for upfront fees. Always verify the company independently before engaging.
Thanks again for taking the time to warn others.
Best regards,
Chris