Caution! Maxicointrade is an offshore company! Your funds may be at risk.
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Maxicointrade Key Features
🔴 Maxicointrade’s services are questionable – a warning sign!
🔴 Maxicointrade isn’t licensed – a red flag!
🔴 Maxicointrade isn’t transparent – a red flag!
🔴 Maxicointrade creates unrealistic expectations – a red flag!
Maxicointrade Products and Services
Maxicointrade wants us to believe it’s a legit investment scheme, but that simply won’t happen! They claim to be registered, regulated, trusted and so on, but given the foolish profitability offered, we can guarantee that there is something wrong with this entity. As seen from above, they claim that customers can make up to 450% for 12 hours – an offering that can only be fraudulent! Such profitability is simply impossible to guarantee, notwithstanding the assets traded! Consequently, we can only label Maxicointrade as an HYIP that’s a suspected Ponzi, given the MLM referral scheme carried out! Beware!
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.
Maxicointrade Company and Regulation
Maxicointrade claims to be a British company, but we found no proof for their allegations. Indeed, there is absolutely no information about this scheme, so Maxicointrade may as well be illegal. It could also be a brand of an international offshore company, but even in this case, Maxicointrade’s services would still be unregulated and overly risky for investors!
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.
Maxicointrade Address and Contacts
| Address: | None |
| Phone number: | None |
| E-mail: | [email protected] |
Maxicointrade refuses to disclose its address and phone numbers. The only thing shown is an unverifiable e-mail address, so a red flag appears due to the lack of transparency. Such a shadiness always suggests a scam!
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.
Maxicointrade.com Website Info
| SimilarWeb Ranking | None at the time of writing |
| IP | 68.65.123.168 |
| Server Country | USA |
| WHOIS Reg. Date | 2021-05-15 |
| Registrar | NAMECHEAP INC |
| SSL certificate | Valid |
| Owner | Redacted for Privacy |
| Administrator | Redacted for Privacy |
The website data revealed that the United States IP 68.65.123.168 was hosting 843 domains at the time. Some are shady and potentially fraudulent schemes, but due to the large number of websites, we can’t prove a linkage among them. Nevertheless, you should be warned, and below, you can see the ones we already reviewed:
| Coindesx | Maxicointrade | OrbitAsset |
Is Maxicointrade Safe?
Maxicointrade is not safe! It’s an anonymous entity offering illegal investment services, which ultimately means that your funds will be exposed to risks if you invest there. More so, the profitability promised is ridiculously high, which outright suggest a scam, so make sure to avoid it!
Scam Warning
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.
Rasheed
Me too in trap