Caution! Rolextrades is an offshore company! Your funds may be at risk.
Rolextrades Key Features
🔴 Rolextrades provides access to a shady investment service – a warning sign!
🔴 Rolextrades is under no regulatory oversight – a red flag!
🔴 Rolextrades does not have any of its contact information available – a red flag!
🔴 Rolextrades creates irrational expectations – a red flag!
Rolextrades Products and Services
You might be wondering what Rolextrades has to do with the Rolex brand of watches. The answer is absolutely nothing – the people behind the company are obviously just looking to gain the attention of people interested in the Rolex brand instead. That is because the ones running Rolextrades are scammers – and the farther their scam reaches, the more money they can steal from their victims.
And if you think this is too accusatory of a tone, allow us to present you with the business model Rolextrades has:
The company offers one investment plan, with a promised 8% weekly return at least. Index funds rarely achieve such high returns in a year – so how does a random company online plan on reaching them? And why would the people behind it not invest with their own money and become billionaires easily, without needing to rely on third party deposits? There are no answers to this question. Rolextrades is a HYIP scheme and it relies on its victims depositing under the false promise of insane returns – 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.
Rolextrades Company and Regulation
Rolextrades is not a licensed company. In fact, it does not mention regulation once on its website, which is quite concerning, as it means the company is completely fine with operating without it! There is no way that you should trade with companies without a license – holding one is the only way to prove your firm of choice is not running a scam!
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.
Rolextrades Address and Contacts
Rolextrades has none of its contact information either – and that is a great reason to avoid this clearly fraudulent company! There is no reason why Rolextrades would conceal the identities of the people running it if the company were legitimate – legitimate firms are transparent!
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.
Rolextrades.com Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-11-28|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
Is Rolextrades Safe?
Rolextrades is nothing more than another HYIP scam – watch out for such schemes. Stick to licensed and transparent companies instead!
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.