Coinfxchain Review: CONFIRMED SCAM!!
Coinfxchain is an online investment platform focused on cryptocurrency and forex trading (currency pairs).
They claim to be a top-rated investment opportunity in cryptocurrency and forex trading that is made possible by their highly skilled analysts and traders.
Coinfxchain purports that there are no risks involved as they properly and meticulously analyze their investments and ensure that they yield profit. This is a controversial given that in any kind of investment there are always two possible outcomes i.e profit or loss. No one can guarantee only profits especially in this industry. This is a con that you should never entrust your money with.
Coinfxchain allegedly provides an all-round, easy to use, risk-free investment platform that increases your earning potential.
Similar to Coinasset.biz, Coinfxchain is a scam that you should avoid by all means.
Are you a victim? CLICK HERE to recover your money.
Overview of Coinfxchain
This broker is an HYIP.
These schemes have specialized the art of luring customers with extremely high rates of return on investment.
Theirs is just a matter of time and not if they are a scam. What they do is pretend to be paying the first few customers so as to get referrals.
Once they hit their target they just disappear with your money.
From their website, http://www.coinfxchain.com/, this broker claims that it was established in 2013 and is based in the UK. However from our research the domain was created on 2020-11-06. Why would an investment firm offer misleading information on their site? This raises a lot of questions on the integrity of the company.
In addition to the above, financial service providers ought to be regulated by a watchdog in the jurisdictions that they operate in. There is no evidence whatsoever from their website that this broker is regulated. Unregulated brokers are untrustworthy to deal with lest you want to lose all your hard earned resources.
Coinfxchain has four investment plans. All of them are short term investment plans. The investments mature in 7 days. This is a plus because your investment is not tied for long and through ploughing back the profits, you can easily double your investment amount within a short period of time.
- With a minimum deposit of $300 and a maximum deposit of $499, you earn a profit of 4% daily for 7 days.
- With a minimum deposit of $500 and a maximum deposit of $999, you earn a profit of 5.5% daily for 7 days.
- With a minimum deposit of $1000 and a maximum deposit of $4999, you earn a profit of 7% daily for 7 days.
- With a minimum deposit of $5000 and a limitless maximum, you earn a profit of 9% daily for 7 days.
The above are very lucrative if there were anything to go by. This is the most prominent characteristic of an HYIP scam, very high rates of returns with no clear demonstration of how they make the profits.
A referral commission of up to 10% is paid by this broker. This is to entice more investors to come on board so as to increase their loot. They want to reach their target as soon as possible with the highest number of causalities. Why would someone be paid for bringing an investor on board, yet they will be earning their profits? Take note of these cheap tricks.
Is it safe to invest with this broker?
It is definitely not safe to invest in this illegitimate broker.
HYIP schemes cannot be trusted. They often lure investors to put in their money then vanish with it once their target has been reached.
There is no evidence of regulation for this broker. Unregulated brokers can never be trusted as they are fond of breaking regulations. They always disappear to thin air since they are not answerable to any watchdog.
For legitimate brokers please click here.
Coinfxchain is a scam.
They are using a cheap trick of luring investors with crazy profits. Whenever a broker is not regulated do not be tempted to put in your money however lucrative the deal may seem to be.
Unregulated brokers are high risk ventures to even think of investing your money in. They are not answerable to any watchdog incase of any misappropriation of investors’ money. All financial services providers must be regulated by the regulator in which they are operating in.
We cannot recommend this broker for now, this is a time bomb and for sure they will scam you!
This broker is very new in the market to promise such rate of return yet they have not even been in the market for a week. Be wary of this scammer.
Have you been scammed by this broker? CLICK HERE to recover your money.