InvestCryptocurrency.co review – Is investcryptocurrency.co a scam or safe?

InvestCryptocurrency.co review – Is investcryptocurrency.co a scam or safe?

InvestCryptocurrency.co Key Facts

🔴 InvestCryptocurrency.co offers suspicious products. A scam sign!

🔴 InvestCryptocurrency.co presents suspicious legal information. Red flag!

🔴 InvestCryptocurrency.co isn’t regulated. Red flag!

🔴 InvestCryptocurrency.co creates unrealistic expectations. A disturbing sign!

InvestCryptocurrency.co products and services

InvestCryptocurrency.co is a fishy investment platform looking like a typical HYIP. They allegedly can guarantee a 50% profit per day with their starter account. It’s a one-time offer, still a very fishy one. That’s impossible, so their deals are apparently fraudulent.

Traders and investors should stay away from HYIPs. It stands for High-Yield Investment Program, which is considered a type of Ponzi scheme promising impossible return on investments. It’s perfectly in line with the scammers’ practices who create unrealistic expectations to entice people into their crooked games. The legit and trustworthy companies can’t in any way secure more than a few per cent gain annually, let alone per day. Judging by the products and services offered, this business is most probably a scam, so beware.

InvestCryptocurrency.co company and regulation

InvestCryptocurrency.co doesn’t reveal much about the company. In fact, the only thing they say is that the investment scheme is registered in Switzerland. However, InvestCryptocurrency.co isn’t associated with licensed and regulated companies, so it’s a shady scheme and a scam. Make sure to deal with regulated companies only, and you can find out why in the following lines in this section.

HYIPs are unlicensed and unregulated, meaning that the people standing behind are not abiding by the laws. The absence of regulation makes it possible to conduct illicit activities, and it’s not surprising that most of the HYIPs are pure scam. The Internet is bustling with shady investment businesses selling hefty deals, so be cautious when you see an offer that sounds too good to be true.

The regulation is crucial because the financial authorities impose strict requirements ensuring customer protection, but also push scammers away.  However, the US regulation is quite complex, and there are many agencies taking care to supervise the market such as SEC, NFA and CFTC, to name a few of them. The license in the US is costly, the FX broker and some investment companies have to provide 20 million paid-up capital to become authorised financial services companies. Also, the majority have to keep clients’ funds in segregated accounts, which guarantees that the money is only used for trading and investments and not for covering daily expenses.

There are also many reporting and auditing requirements the financial businesses have to follow. The different regulators impose different rules, but transparency is of utmost importance. Bear in mind that the financial market in the US is very complicated, so make sure to be up-to-date with the latest changes in the regulatory framework. HYIPs are shady businesses not abiding by the law, so make up your mind. 

InvestCryptocurrency.co address and contacts

InvestCryptocurrency.co lists two addresses-Level 2, 3 Hardman St, Greater, Manchester M3 3AX, UK and 320 Bay Street, Toronto, M5H 4A6, Canada. That’s very fishy for a company claiming to be a Swiss entity, but anyway, we can’t confirm their presence at these locations, which is yet another scam proof. Their contact numbers are +447868721250 and +15064988077. However, we can’t verify their phones, too. Those people refuse to operate transparently, so beware.

Transparency is critically important when it comes to investing. The financial authorities around the world are very strict about transparency because it helps fighting scammers. Transparent businesses are less likely to engage in fraud because it would quickly become evident and they would suffer severe penalties as a consequence. The regulated financial companies are compelled to provide the public with their basic corporate information including addresses, contacts and license numbers. This rule is implemented to make it easy for traders and investors to verify that they are dealing with a legit company. It’s most probably a scam if you can’t validate the company’s legitimacy or they are hiding their addresses and contact numbers.

InvestCryptocurrency.co website info

InvestCryptocurrency.co is a domain registered on the 01st of February 2021, so it’s less than 2 months old at the time of writing. It’s registered on an IP address in the United States:198.23.159.66, currently co-hosting more than 3000 websites.

InvestCryptocurrency.co’s Alexa ranking is 2,249,727, which isn’t a fascinating place. Still, it shows that there are people who visit this website, which means that some of them may have already been scammed by InvestCryptocurrency.co. In fact, we saw many fraudulent online posts praising this HYIP, so beware.

InvestCryptocurrency.co uses protection services to hide website ownership. The latest trend in the privacy policy denies it should be a problem, but considering investment services, we might as well dismiss it as a disturbing sign.

Scam warning

The people running HYIPs are experts at using social media, and they lure people by creating the impression that the schemes are legit and trustworthy. But it’s still a shady business and a scam. The con artists will sometimes operate in a pool, maintaining fraudulent payment systems, creating webpages of fake regulators, abusing genuine companies’ names, etc.

Many of the HYIP schemes operate precisely as a Ponzi because many investors can actually withdraw and get money, but in the end, the service will inevitably close and people would be left with losses almost impossible to recover. There are so many of these that some scholars and policy-makers even came up with the term Ponzimonium to emphasise that scam is excessively widespread today.

An example of an HYIP scam is OSGold, which is believed to be a $250 million scam. It was introduced as e-gold imitator providing guaranteed monthly returns of 30 to 45 per cent, and it’s reported that they operated 60 000 accounts at its peak. HYIPs are dangerous, so stay away from these programmes.

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