Beware! Supercryptonetwork is an offshore broker! Your investment may be at risk.
Supercryptonetwork Key Facts
🔴 Supercryptonetwork offers questionable bitcoin related investment opportunities – a clear sign of a scam!
🔴 Supercryptonetwork does not provide actual contact information – beware!
🔴 Supercryptonetwork lacks any sort of license for the provision of its services – a huge red flag!
🔴 Supercryptonetwork's domain has been registered quite recently – another off-putting detail!
Supercryptonetwork products and services
Supercryptonetwork claims to be able to achieve profits of over $2 700 with just a $300 investment. This is simply not possible in a short timespan – Supercryptonetwork is yet another online investment scam.
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.
Supercryptonetwork company and regulation
Supercryptonetwork does not present us with any regulatory information. Therefore, we can only assume it to be operating illegally, without a license, like many other investment scammers.
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.
Supercryptonetwork address and contacts
Supercryptonetwork claims to be stationed in Texas, under the following address – 3463 Anthony Avenue Abilene TX 79605. We have determined that to be yet another lie, as there is no license that the company has presented that confirms the address is theirs. That much can be said for the phone number it has provided as well – +1 (518) 882‑8907. You see, numbers are extremely easy to generate and we believe that to be the case here as well.
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.
Supercryptonetwork website info
Supercryptonetwork operates on an extremely recent domain – one registered in September of 2020. This means that the glowing testimonies on its website are most definitely fake.
The domain is hosted on an IP address from the States – 199.188.200.225, with nearly 1 700 other websites. We could not draw a connection between any of them and Supercryptonetwork at time of writing.
The website is quite unpopular – SimilarWeb does not even list it, meaning that it does not have as much traffic as we would expect from the website of such a profitable investment company.
The owners of the website will have to remain unknown, as they have hidden their private information from WhoIs lookups – absolutely their right, but also not something we would expect from a legitimate, transparent investment company.
Scam warning
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.