Caution! Centralvisiontrade is an offshore company! Your funds may be at risk.
Centralvisiontrade Key Features
🔴 Centralvisiontrade services are not trustworthy – a warning sign!
🔴 Centralvisiontrade is under no regulatory oversight and lies about it – a red flag!
🔴 Centralvisiontrade is not transparent and provides false contact information – a red flag!
🔴 Centralvisiontrade creates irrational expectations – a red flag!
Centralvisiontrade Products and Services
Centralvisiontrade is yet another crypto scam. The company claims to be able to provide incredibly lucrative investment plans, as you can see below:
However, that is not the case. There is no firm out there that can achieve a 20% ROI within a year, much less within three days. And if you consider it possible for Centralvisiontrade to reach these profit amounts, consider the following – if the firm were able to operate in such a lucrative manner, it would not be on the internet, trying to solicit money from you. The people behind Centralvisiontrade would have instead ran their own scheme a couple of times, and they would have cashed out rich, without needing to pay any middlemen.
There has been a growing issue when it comes to crypto investment firms – most of them have been scams. This is because there is a recent uptick in the interest towards crypto assets, but the amount of knowledge of the assets has remained at a low level. This means the scammers’ victims are easy to deceive into parting with their money under these false promises. Beware of HYIP scams with crypto language!
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can’t happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you’ll be at risk if you deposit.
That being so, it’s worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
Centralvisiontrade Company and Regulation
Centralvisiontrade claims to be a UK company, and presents us with a certificate from the UK Companies House to prove that. However, the House is not the regulatory body of the UK – this is the job of the FCA, which does not have an entry on Centralvisiontrade whatsoever!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients’ funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients’ money can’t be exposed to unnecessary risks or stolen. However, it’s worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you’ve wasted money on potential scams like the one under review. And you’d better avoid unregulated investment businesses at all times.
Centralvisiontrade Address and Contacts
|Address:||23 Tildesley Road Putney, London, United Kingdom, SW15 3BG|
Centralvisiontrade does not provide its client with its real address – scammers never do, as that is a way for them to avoid getting pinned with the consequences for their actions. Be vigilant of companies that lie about their whereabouts!
When it comes to investing, transparency is crucial as you should know who’s running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can’t reach anyone over the phone given, can’t validate the addresses or can’t in any other way prove that the investment provider has the authorisation to offer financial products.
Centralvisiontrade.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-11-12|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Centralvisiontrade Safe?
Centralvisiontrade is not a safe firm. The company is undoubtedly running a scam, and you need to stay away from it!
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can’t flourish in a strong regulatory environment, so you’d better think twice before you’ve deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country’s regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that’s why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer.