Beware! Eliguiscryptomin is an offshore broker! Your investment may be at risk.
Eliguiscryptomin Key Facts
🔴 Eliguiscryptomin offers questionable bitcoin related investment plans – a clear sign of a scam!
🔴 Eliguiscryptomin does not provide crucial contact information – beware!
🔴 Eliguiscryptomin lack any license for the provision of its services – a huge red flag!
🔴 Eliguiscryptomin's domain has been registered only recently – another off-putting detail!
Eliguiscryptomin products and services
Eliguiscryptomin offers investment plans – they have incredibly high returns and interest rates – up to 6% on your deposit as well as a ridiculous 60% bonus on top of that. Clearly Eliguiscryptomin does not intend to actually follow up on that and provide you with these funds, mind you – it is only after your deposit.
People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.
Eliguiscryptomin company and regulation
Eliguiscryptomin makes no claim to be regulated – at least online scammers can be bothered to say they are legitimate, but Eliguiscryptomin does not even bother with this. Therefore, we cannot assume them to be legitimate in any way, shape or form.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Eliguiscryptomin address and contacts
Eliguiscryptomin provides the bare minimum when it comes to contact information – a phone number ( 1 (949) 666‑3289). However, numbers can be generated by the hundred using specialized software – something we believe is the case here as well, without any compounding contact information or license to verify the legitimacy of the number.
Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.
Eliguiscryptomin website info
Eliguiscryptomin's website has been registered in September 2020 – this is incredibly recently, not even 6 months ago. This means that the claims of thousands of satisfied clients the company makes are completely fake.
Eliguiscryptomin's domain is hosted on the 184.108.40.206 IP address, along with over 900 other domains – however, we were unable to draw a connection between it and the rest of the domains.
Additionally, the domain that Eliguiscryptomin operates under is quite unpopular, with it not even ranking on SimilarWeb. This lack of renown usually means we are dealing with a scam.
Finally, the company's owners have taken extra measures to protect themselves from WhoIs lookups – but in doing so, they once more have failed to live up to the standards of transparency we have come to expect from companies like Eliguiscryptomin.
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.