Coinpackfx Review – Is coinpackfx.net an HYIP Scam?

Coinpackfx Review – Is coinpackfx.net an HYIP Scam?

Coinpackfx Key Features

🔴 Coinpackfx’s services are questionable – a warning sign!

🔴 Coinpackfx isn’t licensed – a red flag!

🔴 Coinpackfx isn’t transparent – a red flag!

🔴 Coinpackfx creates unrealistic expectations – a red flag!

Coinpackfx Products and Services

Coinpackfx is allegedly a safe and secured option, which ensures steady growth on customers’ investments with daily returns on an ongoing basis with no hustle and instantly. They certainly want to create a sense of security and expectations, but we believe it will turn out to be false. We claim so because Coinpackfx is actually an HYIP programme promising returns that are impossible to deliver! As you can see, customers are reassured that they can earn up to 5% per day, which is simply too good to be true! All HYIPs are suspected scams, so it’s recommended to avoid Coinpackfx!

HYIPs are unregulated investment schemes offering questionable opportunities, to put it mildly. The promised ROI (Return in Investment) is just too good to consider trustworthy- at times, customers are reassured that they can make 100% or more per day, which can’t happen in any possible way. To put it into perspective, even the largest investment funds can’t secure more than 10% per year, let alone per day or week. So, given the products and services offered, we can decisively say that the service reviewed is highly suspicious and most likely fraudulent.

With that being said, you’d better stay away and have a look at other reliable opportunities, such as Forex brokers PAMM managed accounts, social trading platforms or regulated crypto providers. For example, many crypto exchanges are presently offering BTC and ETH staking that can bring a decent passive income on reduced investment risk. But in any case, make sure to trust your money to transparent and adequately regulated financial companies because markets are currently plagued by anonymous investment schemes, most of which are pure scams.

Coinpackfx Company and Regulation

Coinpackfx shows an incorporation certificate, but the document is forged, and that says it all! No trustworthy company will ever provide fakes like this one. In detail, the number shown on the certificate isn’t even in the British Companies House register, and on top of it all, Coinpackfx provides yet another registration number, which also happens to be false. And with that being the case, we confirm that Coinpackfx is illegal and unregulated! You should avoid it!

The lack of regulation implies that the people operating the scheme are not supervised while working, meaning that clients’ money will always be exposed to risks. To put things into perspective, duly licensed and adequately regulated financial firms are forced by the authorities to comply with many standards designed to guarantee customers’ safety. For instance, to obtain a license, a company must meet minimum capital requirements that vary by country and depend on product specification or other factors. The condition is set to guarantee that firms should have enough money at their disposal to survive unforeseen events, remain stable and continue operations, inflicting no harm to customers.

The US minimum capital requirement is 20 million USD, which is actually one of the biggest among all. In addition, US financial firms should also keep customers’ accounts segregated, ensuring that deposits won’t be misused or misappropriated. However, we should note that the US regulatory framework is quite complex as there isn’t a single financial authority, but many. The list includes NFA, CFTC and SEC, to name a few, and each of the mentioned control companies in one way or another. Additionally, each state usually has its own independent authority, making the US market significantly more complex than others. Regardless, the scheme reviewed isn’t regulated by any authority anywhere in the world, so make sure to avoid it as it may as well be a pure scam.

Coinpackfx Address and Contacts

Address:Castle Meadows, Huish Champflower, Taunton, England
Phone number:+44 7385 633601‬
E-mail:[email protected]

Coinpackfx’s contact details are false, too! And quite naturally, a red flag appears due to the misleading information provided and the lack of transparency (after all, we can’t say who these people are and where they work from). Beware!

Transparency is essential when it comes to investing because you should always know who is making the investment in your name and where your money really is. Legit businesses always operate transparently and are required by law to provide the public with their basic corporate information – addresses, phone numbers, e-mails, legal documentation outlining service provisions and so forth. It’s very likely that you are dealing with scammers if you cannot independently verify the contact information given, and it’s even a more treacherous sign if you come across an entity that doesn’t even provide these crucial details!

Coinpackfx.com Website Info

SimilarWeb Ranking1,666,463 at the time of writing
IP162.0.235.128
Server Country USA
WHOIS Reg. Date2021-12-02
RegistrarNAMECHEAP INC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Note that the United States IP 162.0.235.128 currently hosts 732 domains, some of which are suspicious trading and investment schemes. Due to the high number of websites, we can’t irrefutably prove these are linked to each other, but we think you should know about that. Follow the links below to see the ones reviewed:

AxsfinanceBlueslidefx.netBlocknux
Coinpackfx

Is Coinpackfx Safe?

Coinpackfx is not safe! It waves too many red flags, and we firmly believe it’s a scam! It’s illegal and unregulated, and on top of all that, Coinpackfx provides false corporate information. You’d better stay away!

Scam Warning

For various reasons, depositing with HYIPs and other unregulated investment schemes is highly not recommended. Above all, the lack of regulation strongly suggests a scam, as only regulated firms can offer investment services to the public. As you might expect, scams cannot thrive in a robust regulatory environment, where numerous customer protection rules are imposed, all of which are designed to make markets safer by actively preventing fraud.

Authorisation by regulators is only granted if the firm meets the standards governing how the entities should treat you as a customer and what kind of information they should provide. Each country’s regulator keeps a register of licensed firms and the products and services each licensee is permitted to offer. Unauthorised firms, on the other hand, seek to avoid the controls that legal, authorised entities are subject to, thus leaving investors unprotected. Scammers, of course, want customers to be completely unprotected, which significantly facilitates fraud, and that’s why they always work without a license.

The HYIPs, in particular, are usually operated as a Ponzi because many investors can 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, allegedly delivering unrealistically lucrative gains. 10% or 100% per day certainly isn’t a legit offer – that’s a scam, and you’d better stay far away from entities promising get-rich-quick schemes.

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