review – is a scam or safe? review – is a scam or safe?

Beware! is an offshore broker! Your investment may be at risk. Key Facts

🔴 offers questionable bitcoin related investment opportunities – a clear sign of a scam!

🔴 provides illegitimate contact information – beware!

🔴 lack a license from the appropriate authorities – a huge red flag!

🔴's domain has been registered only recently – another off-putting detail! products and services offers cryptocurrency investment plans that seem too good to be true – netting you a 15% profit in a day. There is no way for to achieve these returns in reality – the company is simply after your deposit.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware. company and regulation claims to be a company licensed in Hong Kong. Well, the regulatory body in the region is the SEC – and it has no documentation on Therefore that claim is simply a lie.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers. address and contacts's provided address – Room 1501 15th Floor Eastern Commercial Centre 395 Hennessy R Wan Chai Hong Kong, has got to be fake – as we explained, there is no way for the company to be operating from Hong Kong without a license.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy. website info's website was created extremely recently – so recently that it does not show up in WhoIs lookups. This means that the site is less than a month old – a surefire sign of a scam.

The website is hosted on an IP address from the States – We found out that there are a lot of websites that are hosted on the same domain – over 400. However, none of them are related to as far as we can tell.

The website does not show in SimilarWeb – a popularity indexing software. This is off putting, since you should be looking to invest with companies with significant amounts of traffic.

Finally, as the website does not show up in WhoIs lookups, there is no way to know who sits behind it. This contradicts the principles of transparency we have outlined above directly.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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