Cogs Capital Investment review – cogscapital.com is a scam! CNMV Warning!

Cogs Capital Investment review – cogscapital.com is a scam! CNMV Warning!

Cogs Capital Investment Key Features

🔴 Cogs Capital Investment was blacklisted by CNMV. It’s an exposed scam!

🔴 Cogs Capital Investment was reported as a scam by customers. A red flag!

🔴 Cogs Capital Investment offers fictitious investment services. A red flag!

🔴 Cogs Capital Investment creates high expectations. A red flag!

Cogs Capital Investment products and services

Cogs Capital Investment is an investment provider promising to deliver daily earnings varying between 2% and 6%. So, it’s an HYIP, and as such, it may as well be a Ponzi, so you’d better stay away. Well, we don’t know if it’s a classical Ponzi or not, but Cogs Capital Investment is an exposed scam, so you should stay away no matter what.

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.

Cogs Capital Investment company and regulation

Cogs Capital Investment says it’s a Vietnamese company, and that’s all. However, the Spanish regulator CNMV recently issued a warning against Cogs Capital Investment, so it’s presently an exposed scam that you should avoid at every cost. However, with or without a warning notice, we would still advise against investing with Cogs Capital Investment because it’s an unregulated HYIP.

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.

Cogs Capital Investment address and contacts

Cogs Capital Investment contacts are as follows:

Address: ME LINH SQUARE, BEN NGHE, DISTRICT 1, HO CHI MINH CITY VIETNAM

Phone: None

E-mail: [email protected] / [email protected]

So, Cogs Capital Investment is allegedly Vietnamese, but we can’t really prove there is such an entity registered on that exact location. There is no phone, so the only way to reach these people is via the two e-mails seen above. So, Cogs Capital Investment isn’t as transparent as it should be, and that’s fine as we already know we are reviewing a scam. In any case, though, the absence of transparency suggests fraud.

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.

Cogscapital.com website info

Cogscapital.com WHOIS registration date is 26.04.2020, so the HYIP has been online for more than 1.5 years.

Cogscapital.com is on 198.54.115.170– a US IP address, hosting 958 domains at the time.

Cogscapital.com isn’t ranked by Alexa at the time of writing, so presently, it’s highly unpopular, which is a good sign as fewer people may end up being scammed.

Cogscapital.com uses privacy protection services to conceal website ownership.

Scam warning

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.

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