Caution! DeFiProfit is an offshore company! Your funds may be at risk.
DeFiProfit Key Features
🔴 DeFiProfit is another shady investment firm – a warning sign!
🔴 DeFiProfit is under no regulatory oversight – a red flag!
🔴 DeFiProfit is not transparent and it does not have its real address available – a red flag!
🔴 DeFiProfit creates irrational expectations – a red flag!
DeFiProfit Products and Services
DeFiProfit is another crypto scam that relies on the recent developments in the markets to make a killing. These include the fact there has been a surge of interest in the assets, but there has not been a lot of knowledge about how they work among these interested investors. And this means there are a lot of targets for crypto scammers to abuse – these clients are interested in what is possible with the assets, but not actually aware of it – meaning companies like DeFiProfit have been able to push them bold claims like the ones available below:
Of course, a profit of 135% within 24 hours is downright impossible – there is no way for that amount to be matched using any kind of investment activity. And if you believe DeFiProfit that the firm is somehow able to achieve the impossible, it is enough to ask yourself the following to dispel its lies:
If it were possible for DeFiProfit to achieve such profits, why would it need you to deposit? Surely, it would be best for the people behind the firm to simply participate with their own money and make their profits without needing to pay third parties a cent! The fact they have not done so can only mean one thing – the firm is actually running a complete scam!
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.
DeFiProfit Company and Regulation
DeFiProfit is not a licensed firm – it claims to operate from the UK, but does not have a license from the regulatory body there. Beware of such companies and make sure you are only investing with firms that are fully regulated!
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.
DeFiProfit Address and Contacts
|Address:||Unit 24 Highcroft Industrial Estate Enterprise Road, Horndean, Waterlooville, United Kingdom, PO8 0BT|
DeFiProfit does not have the license to operate in the UK – so it cannot have an office on the address it claims to! Stay away from such firms that lie about their whereabouts – most are scams like DeFiProfit!
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.
Defiprofit.io Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-02-24|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is DeFiProfit Safe?
DeFiProfit is not safe – avoid the firm at all costs!
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.