Caution! XtremeProfits247 is an offshore company! Your funds may be at risk.
XtremeProfits247 Key Facts
🔴 XtremeProfits247 creates unrealistic expectations by offering exaggerated weekly Bitcoin returns. Red flag!
🔴 XtremeProfits247 holds no license to sell financial products and services. Red flag!
🔴 XtremeProfits247 refuses to disclose important information about themselves. Red flag!
🔴 XtremeProfits247 is a recently registered website. Disturbing sign!
XtremeProfits247 registration, license and regulation
XtremeProfits247 reveals nothing about the company or the people standing behind this investment scheme. We found no license whatsoever based on our website research, so XtremeProfits247 is an illegal investment provider selling products and services on regulated markets without authorisation. It’s probably a scam given their business features- referral programs, “impossible to lose money” claims, etc. We urge traders and investors to avoid such shady entities and trade with duly authorised companies compliant with the financial regulations.
When we talk about investments, the critical aspect for traders and investors is the regulation. The regulated companies are licensed by the authorities responsible for supervising the financial markets, therefore safe to put your money in. These companies have to meet the strict rules laid down to sustain the financial system’s stability and integrity. But most importantly, the set of requirements businesses have to meet convey customer protection and safety for the investors.
The most comprehensive regulation is the minimum capital requirement which guarantees the companies have money at their disposal to remain stable in turbulent times. The minimum paid-up capital demanded varies- EU and UK- 730 000 EUR; Australia- 1 000 000 AUD; USA, Canada, Switzerland- 20 million USD/CAD/Swiss francs.
Another crucial regulation worth mentioning is about transparency. Each licensed company have to provide the public with its headquarter address, contact numbers, license numbers and so on, making it easy for investors to verify it’s a legit business. If it’s impossible to find comprehensive information about an investment provider, you’d better dismiss this entity as unreliable.
XtremeProfits247 address and contacts
XtremeProfits247 lists 200 Dryden Road, Suite 1100, Dresher, PA, USA as their headquarter address, but we can’t in any way link this location with the website. The contact number is +1(408) 766-4613, a landline in California clear of spam reports.
XtremeProfits247.com website information
XtremeProfits247.com is a domain name registered by NAMECHEAP INC on 3th of February 2020, so it’s a year old. The website age refutes their claims to be a leading crypto provider, making them fraudulent enterprise deceiving the public. It has United States IP: 18.104.22.168, co-hosting more than 530 domains at the time of writing. Based on the IP details, we can’t link XtremeProfits247.com to other suspicious websites.
Alexa doesn’t even rank XtremeProfits247.com, so it’s highly unpopular a website. Their claims to have attracted thousands of investors are baseless. Beware.
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.