Beware! Crypto-Bitfortune is an offshore broker! Your investment may be at risk.
Crypto-Bitfortune.com Key Facts
🔴 Crypto-Bitfortune.com creates unrealistic expectations by claiming investors can gain 50% in one day. A scam sign!
🔴 Crypto-Bitfortune.com doesn't disclose important information about themselves. Red flag!
🔴 Crypto-Bitfortune.com is a recently registered website. Disturbing sign!
Crypto-Bitfortune.com registration, license and regulation
Crypto-Bitfortune.com is a trading name of Cryptobitfortune Limited, allegedly a UK business. In fact, there isn't any available information about such a company, so it's an illegal enterprise. They promise a 50% profit daily with their starter account, a ridiculous number and evidence of a scam. As there isn't such a company, we can't even talk about license or regulation enforce. We advise traders and investors to avoid shady schemes like this one but rely on authorised companies compliant with countries’ investments regulations.
When we talk about investments, the critical aspect for traders and investors is the regulation. The regulated companies are licensed by the authorities responsible for supervising the financial markets, therefore safe to put your money in. These companies have to meet the strict rules laid down to sustain the financial system's stability and integrity. But most importantly, the set of requirements businesses have to meet convey customer protection and safety for the investors.
The most comprehensive regulation is the minimum capital requirement which guarantees the companies have money at their disposal to remain stable in turbulent times. The minimum paid-up capital demanded varies- EU and UK- 730 000 EUR; Australia- 1 000 000 AUD; USA, Canada, Switzerland- 20 million USD/CAD/Swiss francs.
Another crucial regulation worth mentioning is about transparency. Each licensed company have to provide the public with its headquarter address, contact numbers, license numbers and so on, making it easy for investors to verify it's a legit business. If it's impossible to find comprehensive information about an investment provider, you'd better dismiss this entity as unreliable.
Crypto-Bitfortune.com address and contacts
Crypto-Bitfortune.com lists A428, Northampton NN6 7GW, UK United Kingdom, but it's a fraudulent address. A428 is a major road in Central and Eastern England ant it's not a particular location. That piece of information serves as solid evidence of a scam.
The contact number provided is +12017011521, a phone in New Jersey, USA, clear of spam reports. It's always weird and disturbing when an alleged UK entity uses contact numbers in different countries only.
Crypto-Bitfortune.com website information
Crypto-Bitfortune.com is a domain registered at 11.11.2020 on a German IP address:126.96.36.199 by NameSilo, LLC. It co-hosts 29 other websites, most of which belonging to brokers and investment companies. In fact, some of the websites are identical in appearance with only the names changed over. We suspect the IP hosts many fraudulent websites run by a group of scammers who want to steal as much as possible from traders and investors.
Have a look at the other brokers and investments providers co-hosted at the same IP by following the links below:
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.