TradingCoinx Review – Is tradingcoinx.com a Scam or Safe?

TradingCoinx Review – Is tradingcoinx.com a Scam or Safe?

TradingCoinx Key Features

🔴 TradingCoinx’s services are questionable – a warning sign!

🔴 TradingCoinx isn’t licensed – a red flag!

🔴 TradingCoinx isn’t transparent – a red flag!

🔴 TradingCoinx creates unrealistic expectations – a red flag!

TradingCoinx Products and Services

TradingCoinx is promoted as a mining platform or pool where you invest your money in Bitcoin, and your Bitcoin investment undergoes a regular mining operation for 24 hours a day, making it possible for you to increase your financial capacity. They also claim that the platform is secure, stress-free and designed according to customers’ needs! Well, that’s nonsense! In fact, it’s a misleading passage showing that amateurs and, most likely, scammers are operating TradingCoinx.

The unrealistic investment opportunity undoubtedly support our view! As seen from the screenshot below, customers who deposit $999 will get $3996 after a month, or simply put, 4 times the initial investments! That’s impossible! Bitcoin mining can’t secure 400% earnings per month – it simply doesn’t work like that! So, at the end of the day, TradingCoinx is just another HYIP that’s highly likely an online Ponzi. You’d better be careful with it!

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.

TradingCoinx Company and Regulation

TradingCoinx is allegedly headquartered in Britain, but we could find no British company associated with the fishy scheme. So, two things to discuss here! First of all, the misleading information is a red flag because TradingCoinx apparently lies to the public. On the other hand, there is a lack of transparency because we can’t really say who these people are and where they operate from – another red flag! Dealing with illegal, unregulated entities like TradingCoinx is always a no-no, so make sure to avoid it!

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.

TradingCoinx Address and Contacts

Address:5 Preston Court, Burton Latimer, United Kingdom, NN15 5LR
Phone number:+15513179710
E-mail:[email protected]

TradingCoinx’s address is false, and the same applies to the phone number provided. Therefore, yet again, there are two red flags to note – because of the false information and the lack of transparency! Beware!

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.

TradingCoinx.com Website Info

SimilarWeb RankingNone at the time of writing
IP192.3.183.226
Server Country USA
WHOIS Reg. Date2021-12-11
RegistrarNAMECHEAP INC
SSL certificateValid
OwnerRedacted for Privacy
AdministratorRedacted for Privacy

Under this section, we should highlight the fact that the United States IP 192.3.183.226 hosts multiple suspected scams. At the time of writing, there were 3483 websites on it, and due to the high number, we cannot undeniably prove there is a linkage among those schemes. Still, you should know about it, and make sure to be cautious with the ones seen below:

DigitalglobaltradeTradingCoinx

Is TradingCoinx Safe?

TradingCoinx is not safe! It’s anonymous and illegal, which is more than enough for you to avoid it! More so, it only accepts crypto deposits, meaning that you won’t be able to retrieve your money if things go wrong – crypto payments are final and non-refundable!

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.

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