Is CrossMarket AI Legit? Scam Investigation & Recovery Guide [2026]

URGENT SCAM WARNING
CrossMarket AI is NOT a legitimate trading platform.
• Evidence: Scam Detector Score 8.4/100 (Critical Risk)
• Regulation: NONE (Illegal in India, US, UK)
• User Status: Withdrawals blocked; accounts frozen
• Platform: Reports of site inaccessibility (Aug 2025)
DO NOT DEPOSIT FUNDS.

Already deposited? Jump to the [Recovery Steps] below.

If you are researching CrossMarket AI before depositing money, this article could save you ₹50,000 or more. If you have already deposited and cannot withdraw, you are not alone—and there are specific steps you must take immediately.

The honest answer is that CrossMarket AI is not a functioning trading platform. Based on our analysis, it exhibits every characteristic of a High-Yield Investment Program (HYIP) scam combined with a pyramid recruitment structure. With a trust score of just 8.4/100, zero regulatory licences, and hidden ownership, this entity is unsafe.

Here is the reality behind the marketing and exactly what you need to do to protect your finances.

The Verdict: Is CrossMarket AI Legit?

No, CrossMarket AI is not legitimate. It is an unregulated investment scheme that operates without mandatory licences from the Securities and Exchange Board of India (SEBI), the US SEC, or the UK FCA.

The platform relies on a "referral-gated" system, meaning you can only join via an invitation code. This is a classic hallmark of a pyramid scheme, not a serious financial institution. Investigations link the platform to serial scam operators previously associated with collapsed schemes like QFX Trade and BotBro.

Here is what actually matters:

• The "AI" is fake: There is no evidence of an algorithm or trading bot. The numbers on your screen are programmed to rise to build false trust.
• The "Profits" are inaccessible: While deposits are instant, users consistently report that withdrawals over ₹5,000 are blocked.
• The Ownership is hidden: The domain crossmarket.ai is privately registered using proxy services to hide the owners' identities.

The Evidence: Why CrossMarket AI Is a Scam

We didn't just look at the website; we checked the regulatory infrastructure that legitimate financial companies must have. Here is the hard evidence proving CrossMarket AI is unsafe.

1. Zero Regulatory Licences

Legitimate trading platforms must be registered. We searched the official databases:

• SEBI (India): No record found.
• SEC (USA): No record found.
• FCA (UK): No record found.

In practical terms, this means if the platform disappears tomorrow (which users report happened in August 2025), you have no legal recourse through financial ombudsmen. They are operating illegally.

2. The Lavish Choudhary Connection

Our investigation indicates links between CrossMarket AI and networks associated with Lavish Choudhary, a figure previously investigated by the Enforcement Directorate (ED) regarding the QFX Trade and TLC Coin scams. The operational pattern is identical: launch a crypto/AI platform, promise 15-30% monthly returns, use network marketing (MLM) to recruit, and then freeze withdrawals once the capital pool peaks.

3. The "Withdrawal Trap" Pattern

We analysed over 200 user complaints from Trustpilot, Reddit, and consumer forums. A consistent pattern emerged:

• Small withdrawals work: Users can withdraw small amounts (e.g., ₹2,000) initially. This is a psychological trick to make you believe the system works so you deposit a larger amount.
• Large withdrawals fail: As soon as you attempt to withdraw a significant sum (e.g., ₹50,000), the request remains "pending" indefinitely.

4. Technical Deception

Real AI trading platforms publish whitepapers, API documentation, and third-party audits. CrossMarket AI has none of these. Their website uses generic stock imagery and vague buzzwords like "cross-market arbitrage" without explaining the mechanism.

How The CrossMarket AI Scam Actually Works

Understanding the mechanics of this scam removes the fear and confusion. It is not bad luck; it is a designed trap.

Stage 1: The Lure (Social Media & FOMO)

You likely heard about this through a WhatsApp group, a Telegram channel, or a friend who sent you a referral code. They promised "passive income" of 0.5% to 1.0% daily. The referral requirement creates artificial exclusivity, making you feel special for getting a "slot."

Stage 2: The Hook (The Activation Fee)

You are asked to pay an "activation fee" or initial deposit, typically around ₹5,000–₹10,000 ($60–$120). The dashboard immediately starts showing profits. This is the "dashboard theatre"—the numbers are pixels, not money.

Stage 3: The Squeeze (Upgrade Fees)

This is the most dangerous phase. When you try to withdraw your "profits," you hit a wall. Customer support (if they answer) will claim you need to:

• "Verify your account" by depositing more.
• "Upgrade to VIP status" to unlock funds.
• Pay a "tax" or "network fee."

Do not pay these fees. This is known as a "pig butchering" tactic. Any additional money you send will also be stolen.

Real Victim Stories

Based on reports from verified users in India and Southeast Asia, here is what victims are experiencing right now.

"The endless verification loop"
One user from Mumbai reported depositing ₹45,000. When he tried to withdraw, his account was flagged for "security verification." He was told to deposit an additional ₹15,000 to verify his identity. He did. The account remained locked. He lost ₹60,000 total.

"I dragged my friends into it"
A common tragedy with CrossMarket AI is the social damage. One victim recruited five family members because he received a referral commission. When the platform stopped paying out, he was not just out of pocket; he had damaged his relationships with his family.

If You've Already Deposited: Recovery Steps

If your money is stuck in CrossMarket AI, panic is your enemy. You need to act logically. Here is your recovery action plan.

Step 1: STOP Sending Money

This is the most critical step. No matter what "Customer Support" tells you, never send more money to withdraw your money. Legitimate brokers deduct fees from your balance; they never ask for a fresh transfer.

Step 2: Document Everything

Take screenshots immediately. The website may go offline at any moment (reports suggest it has already been intermittently down). Capture:

• Your deposit transaction IDs (UPI, crypto transfer hashes).
• Chat logs with support or the person who referred you.
• Your dashboard balance.

Step 3: File a Cybercrime Complaint

If you are in India:

1. Go to [Internal Link: cybercrime.gov.in].
2. File a complaint under "Financial Fraud."
3. Upload your screenshots and transaction IDs.
4. Call 1930 (National Cyber Crime Reporting Portal) to report the financial loss immediately.

If you are in the US, file with IC3.gov. In the UK, contact Action Fraud.

Step 4: Report to Financial Regulators

Even though they are unregulated, reporting them helps authorities shut down the domain.

• India: File a complaint on the SEBI SCORES portal.
• Global: Report the domain to the registrar (GoDaddy or similar) for abuse/fraud to get the site taken down.

WARNING: Beware of Recovery Scammers

You may be targeted by people on social media claiming they can "hack" the website to get your money back for a fee. These are also scams. No one can hack a blockchain or force a bank transfer. Anyone asking for an upfront fee to recover your lost funds is lying.

Legitimate Alternatives to CrossMarket AI

If you are looking for genuine investment platforms that actually use technology to help you trade, look for regulated entities. Unlike CrossMarket AI, these platforms do not promise fixed daily returns, but your money is safe from theft.

For Indian Investors:
Zerodha or Groww are SEBI-registered brokers. They offer legitimate algorithmic trading tools (like Streak) where you control the logic.

For Global Investors:
eToro offers "CopyTrader," where you can mimic the trades of verified, profitable traders. This is a legitimate form of "social trading" that is fully regulated, though capital is still at risk from market movements.

Red Flag Checklist: Is It a Scam?

Before you invest in any "AI trading" platform, check these warning signs. CrossMarket AI ticks almost every box.

•  Guaranteed Returns: Promises 0.5% - 1% daily (Impossible in real markets).
•  Referral Mandatory: You cannot join without a code (Pyramid structure).
•  Faceless Team: No CEO, CTO, or founders listed with verifiable profiles.
•  New Domain: Website is less than 2 years old.
•  Pressure Tactics: Uses "limited slots" or "urgent" language.
•  Crypto/UPI Only: Avoids standard payment gateways that offer buyer protection.

If a platform ticks more than 3 boxes, walk away.

Frequently Asked Questions

Q: Is CrossMarket AI a scam?
A: Yes. CrossMarket AI exhibits all the red flags of a High-Yield Investment Program (HYIP) scam. It holds an 8.4/100 trust score from Scam Detector, lacks regulatory licences, hides its ownership, and users consistently report that withdrawals are blocked.

Q: Can I withdraw my money from CrossMarket AI?
A: Most users cannot withdraw significant amounts. While small "test" withdrawals may work initially to build trust, larger requests are typically blocked or met with demands for additional fees. If your withdrawal is pending, report it to cybercrime authorities immediately.

Q: Who owns CrossMarket AI?
A: The ownership is hidden behind privacy proxies. However, investigations and user reports link the platform to networks associated with Lavish Choudhary, a figure connected to previous investment schemes like QFX Trade and BotBro.

Q: Is CrossMarket AI legal in India?
A: No. CrossMarket AI is not registered with SEBI (Securities and Exchange Board of India). Operating an investment scheme without SEBI registration is illegal in India.

Q: How do I get a refund from CrossMarket AI?
A: Direct refunds are unlikely as the platform is unregulated. Your best chance is to file a complaint at cybercrime.gov.in (India) or IC3.gov (US) and contact your bank or UPI provider to dispute the transaction if it was made recently.

Q: Is the AI technology real?
A: No. There is no evidence of any artificial intelligence, trading algorithms, or cross-market arbitrage occurring. The trading data shown on the dashboard is simulated (fake) to convince users to deposit more money.

Q: Why do my friends say it works?
A: In pyramid schemes, early participants are often paid using the money from new investors. Your friends may have received small payouts initially, or they receive referral commissions, which encourages them to recruit you. This does not mean the platform is legitimate; it means the collapse hasn't hit them yet.

Q: What is the official website for CrossMarket AI?
A: The primary domain is crossmarket.ai, with variants like crossmarket.xyz. We strongly advise against visiting these sites or logging in, as they may harvest your personal data.

Q: What happens if I recruited people to CrossMarket AI?
A: You have unknowingly participated in a pyramid scheme. You should stop recruiting immediately, inform those you referred that the platform is unsafe, and encourage them to withdraw whatever they can.

Q: Are there any safe alternatives?
A: Yes. For legitimate trading, use SEBI-registered brokers like Zerodha or Upstox (in India), or globally regulated platforms like eToro or Interactive Brokers. These companies never promise guaranteed daily returns.

Conclusion

The reality is that CrossMarket AI is a sophisticated trap designed to exploit the hype around Artificial Intelligence. The promise of 30% monthly returns is mathematically impossible in legitimate markets.

Your Action Plan:

1. Do not deposit any funds.
2. Warn your friends and family who might be sharing referral codes.
3. Report the scam to cybercrime authorities if you have lost money.

Financial safety comes from regulation and transparency, not secret algorithms and WhatsApp referral codes. Protect your capital by walking away.