Beware! Dogeday is an offshore broker! Your investment may be at risk.
Dogeday Key Features
🔴 Dogeday's services are questionable – a warning sign!
🔴 Dogeday isn't licensed – a red flag!
🔴 Dogeday isn't transparent – a red flag!
🔴 Dogeday creates unrealistic expectations – a red flag!
Dogeday Products and Services
Dogeday is one of the most ridiculous suspected scams we've ever seen! With this scheme, we should start the other way around. The first thing you should know is that it's hosted on a Russian IP address with two websites – dogeday.biz and trustpilot.guru. The latter is a clone of Trustpilot, and it's essentially a single webpage with 667 positive reviews – that says it all! The same people who created Dogeday are spreading false reviews to entice people into the alleged mining scheme – that's strong evidence of a scam!
But anyway, just looking at the offers, we can undisputedly confirm that Dogeday is most probably a scam. They claim that customers can earn 20% per day forever, which is nothing else but a fraudulent investment opportunity. The unrealistic profitability shows that Dogeday is an HYIP programme, and quite naturally, it's also a suspected scam! Beware!
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.
Dogeday Company and Regulation
Dogeday is registered in Britain, but that doesn't really change anything whatsoever – it's still a suspected scam. Nevertheless, we researched but expectedly could find no license, so we confirm that the so-called investment scheme is unregulated.
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.
Dogeday Address and Contacts
|8 Porchester Square, London, England, W2 6AL
We could verify Dogeday's address, but that doesn't really change anything whatsoever – the scheme remains a suspected scam! Indeed, from the information we could unearth, it became clear that Dogeday has a nominal presence only, meaning that the lack of transparency is still there – the people operating Dogeday and the actual location of the scheme remain unknown!
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!
Dogeday.biz Website Info
|11,357 at the time of writing
|WHOIS Reg. Date
|Redacted for Privacy
|Redacted for Privacy
Is Dogeday Safe?
Dogeday is not safe! We exposed it as a scam scheme, so you should avoid it at every cost, or you'll lose money to fraud if you deposit!
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.