Caution! ProxyInvestment is an offshore company! Your funds may be at risk.
ProxyInvestment Key Facts
🔴 ProxyInvestment offers questionable products and services. A scam sign!
🔴 ProxyInvestment doesn’t reveal critical information about their business. Red flag!
🔴 ProxyInvestment doesn’t hold a license to offer financial services. Red flag!
🔴 ProxyInvestment is a newly registered domain. A disturbing sign!
ProxyInvestment products and services
ProxyInvestment offers fixed-income products with a 100% return rate with each deposit, which is a fraudulent promise. It’s an impossible gain in the world of finance. The big banks plus the biggest investment funds can’t offer more than a few per cent per year, let alone a 100% profit for each deposit customers make. They claim that they make money for their clients by investing in Bitcoins, but it’s a double-edged sword. While Bitcoin is rising, the investments into digital coins cannot guarantee any profits because it’s a highly volatile and risky asset.
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.
ProxyInvestment company and regulation
ProxyInvestment is allegedly Proxyinvestment LLC‘s website. However, there is no such company in existence. It’s impossible to unearth anything about this entity, so it’s an illegal enterprise. On the other hand, ProxyInvestment.com is not associated with other companies holding a license to sell financial products and services. Therefore, it’s an unregulated business and a scam. Read on to get some more info about the regulatory regime.
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.
ProxyInvestment address and contacts
ProxyInvestment lists 5 PRESTON COURT, BURTON LATIMER, UNITED KINGDOM, NN15 5LR as their headquarter address. Their contact number is +44 740 348 6227, a phone linked to another investment provider called Cryptonian, which was down at the time. Anyway, we cannot confirm a link between the address, contact number, and ProxyInvestment.com. The lack of trustworthy third-party information indicates that the people behind this investment scheme do not operate transparently.
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.
ProxyInvestment.com website info
ProxyInvestment.com is a domain name registered on 2nd of November 2020, so it’s just over three months old at the time of writing. The website age refutes their claim to have 198 billion USD market cap. It’s a ridiculous statement whatsoever.
It’s registered on Netherlands IP address: 126.96.36.199 co-hosting 75 websites at the time of writing. Most of the domains are linked to companies offering investment schemes.
Alexa doesn’t even rank this domain, so it’s a highly unpopular website people do not trust, regardless of the age. The Alexa ranking isn’t a key determinant, but the lack of popularity definitely isn’t a good sign.
Here are other shady investment schemes based on the same IP:
|FX Cloud Vest|
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.