Is Moluc.com a Scam? The Facts You Need to Know

This project is running as a cryptocurrency platform that provides access to a basic selection of financial instruments. Clients also have access to educational materials, a frequently asked questions section, and expert support. The exchange operates using a generic trading platform with limited functionality. Founded in 2024, the company has a limited number of reviews and a low level of trust. Let’s examine whether moluc.com is a scam.

Company Highlights

Key Moluc.com Trading Features

Moluc.com presents itself as an exchange with an extended range of services and high liquidity. It claims to offer numerous services, account protection features, and comprehensive support for beginners. However, only standard and premium accounts are available. The premium account supposedly offers “exclusive” conditions, but no details are provided. This lack of transparency raises concerns.

The company does not regulate the minimum deposit amount, which depends on the selected cryptocurrency, network fees, or banking institution. Transactions are conducted exclusively in cryptocurrency, despite claims of supporting various payment methods. Activating a premium account requires a higher deposit, which is not openly disclosed. This approach is a red flag, as it forces clients to pay for privileges that were previously unavailable.

Regarding leverage, the dealer remains secretive. Given the potential risks, this is another significant drawback. Information on margin trading is absent not only from the homepage but also from separate digital documents. In contrast, reputable centralized exchanges offer leverage of up to 100x-125x.

For spot cryptocurrency trading, other trading conditions remain unknown. This includes spreads, order execution speed, and additional services. The actual commission rate cannot be determined, while information on penalties and sanctions against clients is abundant.

One of the platform’s main services is its P2P marketplace, which supports various fiat currencies and cryptocurrencies. The P2P page lists many counterparties with high success ratings and numerous completed transactions. However, considering the exchange’s reputation and short operational period (since the second half of 2024), this page appears entirely fabricated. Additionally, using a fraudulent P2P intermediary carries the risk of involvement in illegal financial operations, such as money laundering.

As a result, the combination of these shortcomings in trading conditions guarantees financial losses. There is a high likelihood of losing not only funds but also personal data. Platform managers deliberately conceal details about spreads and leverage to deceive beginners while avoiding accountability.

Overview of Available Trading Instruments

Moluc.com does not disclose the exact number of available instruments. The terminal features basic crypto pairs, including BTC/USDT, ETH/USDT, and SOL/USDT. Premium accounts are supposed to offer unique instruments, but this remains the subject of manipulation and deception by the intermediary.

One significant drawback of trading on this platform is the quality of the terminal and the level of liquidity. These issues directly impact financial instruments. Furthermore, there are reports of discrepancies in price quotations. Given the high volatility of the cryptocurrency market, this adds another layer of risk for traders.

Moluc.com Trading Platform Analysis

Moluc.com only supports a browser-based trading platform. This software is essentially a generic terminal created from templates. It features a basic asset chart and a standard order book. While an interface for various types of trades is present, it is practically unusable.

The administration actively promotes a mobile version for iOS, but the download link is non-functional. Such inconsistencies are prevalent across the platform. As a result, the main drawbacks of the platform include trade execution delays, zero liquidity, fake quotations, and inflated spreads.

Additional Services

Moluc.com promotes several services positioned as separate features or privileges. However, most advertised options are fake and remain inaccessible even after activating a special status or making an increased deposit.

For instance, the exchange promotes cryptocurrency-to-fiat exchange services but does not disclose details on commissions or exchange rates. A separate section allows cryptocurrency transactions using bank cards, but the “Fiat On-Ramp” service operates through obscure third-party companies with low reliability and trustworthiness.

For beginners, the platform offers educational materials (which exist only on paper) and a frequently asked questions section. There is also a referral program with payouts ranging from 10% to 30% of the trading commission from referred users. Withdrawals from the referral system are only available in USDT.

Fee Structure. Are You Paying More Than You Should?

Moluc.com maintains secrecy regarding its fee structure for both trading and transactions. Some details about penalties are published in the “Terms of Service & Use” document, which we will discuss later.

The exact deposit fee is undisclosed. However, for premium accounts, the deposit fee is 2.5% (excluding network fees). A discount system exists but is applied selectively. For example, there may be a reduced withdrawal fee, but the administration reserves the right to cancel any special offers at its discretion.

Consequently, there is no available information on trading fees. Legitimate cryptocurrency exchanges always disclose such information on their homepage, but this is not the case with Moluc.com. Therefore, conducting profitable trades on this platform is highly unlikely.

Legitimacy of Moluc.com

Moluc.com operates illegally in Europe and Asia and is not regulated in the United Kingdom. There is no information on the website regarding company registration or executive management. The exchange section contains vague statements about reliability and fake trading volume statistics.

Given these factors, the platform’s administration bears no responsibility towards its clients, making the likelihood of a scam extremely high. Even reputable centralized exchanges may suffer a collapse in the cryptocurrency market. The lack of a license also allows the company’s leaders to ignore client rights.

Furthermore, the website’s footer lacks any mention of regulation or legal compliance. It displays several generic logos that have no connection to the exchange’s operations. Even though the Terms of Service state that all disputes will be resolved in California courts, this information seems meaningless and does not even require effort to verify. Moluc.com still avoids specifying its legal entity, which calls into question its existence in nature.

The Broker’s Past and Present

Moluc.com’s company information consists only of superficial claims about reliability and fake statistics. Several corporate logos have been added, but they are unrelated to the project. A Whois domain check reveals that the exchange has only been operating since 2024, which explains the low website quality and negative reviews.

Conclusion

Moluc.com is an unreliable cryptocurrency intermediary for exchange and spot trading services. We do not recommend dealing with this exchange, as it has been accused of being a scam. It is crucial to consider the platform’s poor-quality terminal and generic website interface.

Weighing the Pros and Cons

Common Questions