Caution! EquityPool is an offshore company! Your funds may be at risk.
EquityPool Key Features
🔴 EquityPool services are not trustworthy – a warning sign!
🔴 EquityPool is under no regulatory oversight – a red flag!
🔴 EquityPool is not transparent and lies about its contact information – a red flag!
🔴 EquityPool creates irrational expectations of impossible profits- a red flag!
EquityPool Products and Services
EquityPool is yet another crypto scam which has popped up as the crypto assets have become more and more popular. The nature of the scam is always the same – it preys on people who are interested in investing into crypto, yet do not know what is actually possible with the assets. These people are most retail investors, and the scams which prey on them are incredibly malicious. They target the most desperate people and offer them false hopes in the face of the following incredibly “lucrative” investment plans:
Of course, it is not possible for any company to achieve a 20% profit in 24 hours – no matter what kind of asset it supposedly deals with. EquityPool is no exception, and the mere fact the firm clams it is possible for it to be this profitable means it is definitely running a scam! If it were possible for the people behind EquityPool to realize such an impossible ROI, they would not be out here, on the internet, trying to solicit money from their victims! Instead, they would have invested their own money and walked out incredibly rich without needing to pay any middlemen a cent! Stay away from companies that overpromise to such obscene levels – they are all HYIPs!
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.
EquityPool Company and Regulation
EquityPool is not a licensed firm – the company claims to operate from the UK, but does not have the approval of the regulatory body there, the FCA. Therefore, we can add EquityPool to the list of offshore companies which lie about their regulation to attract more clients and avoid legal action – another huge red flag!
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.
EquityPool Address and Contacts
|Phone number:||+44 7541442334|
EquityPool is not concerned with being transparent – scammers rarely are. They seek to limit the legal action their victims can pursue against them, with the restriction of the available contact information to them!
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.
Equitypool.cc Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-08-25|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is EquityPool Safe?
EquityPool is nothing but a malicious scam – stay away from it at all cost!
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.