Caution! Coincountsltd is an offshore company! Your funds may be at risk.
Coincountsltd Key Features
🔴 Coincountsltd services are not trustworthy – a warning sign!
🔴 Coincountsltd is under no regulatory oversight – a red flag!
🔴 Coincountsltd is not transparent – a red flag!
🔴 Coincountsltd creates irrational expectations – a red flag!
Coincountsltd Products and Services
Coincountsltd is a scam firm that promises incredible return rates on deposits – the firm is supposedly able to achieve the following for its clients:
There is only one issue – if there was a way that Coincountsltd, or any other firm was able to actually make as much money, they would not need to ask for random people’s money – they would have simply taken out a loan and become rich beyond imagine by investing their own money and not having to worry about paying middlemen a single cent!
The sad truth about Coincountsltd is that the firm is simply running a HYIP scam that relies on its victims being interested in crypto investments, but not actually having the required amount of knowledge to know what is possible to achieve with the assets. There has been a lot of such people – that is because there has been an increase of attention towards the assets, but they are too complex for the average person to understand – so they fall for the false promises that Coincountsltd and other firms make! Stay away from such companies at all costs and make sure you are not the victim of a HYIP!
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.
Coincountsltd Company and Regulation
Coincountsltd is not licensed and it does not claim to be either – there is no way that such companies deserve your attention, as nine out of ten unlicensed firms are running various scams!
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.
Coincountsltd Address and Contacts
|Address:||Flat 10 87 Canterbury Road, Croydon, Surrey, CR0 3HH|
|Phone number:||+44 1134592110|
Coincountsltd is not licensed to deal in the UK – it nevertheless claims to. This means the firm forges its contact information, which is an enormous red flag – it means the people behind the firm are aware of the fact they are running a scam and do not care to have themselves exposed to possible legal action from their victims. Avoid firms that are not fully transparent and avoid getting scammed!
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.
Coincountsltd.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2022-01-27|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Coincountsltd Safe?
Coincountsltd is not safe – beware of the scam!
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.