ProfitCoins is an online investment opportunity which claims to earn its members returns of up to 1% daily. While we were investigating this service we found a lot of inconclusive and misleading factors which raises a lot of questions about the legitimacy of the company. Read our full review to find out why we recommend everyone to stay away from this fraudulent program.
ProfitCoins Scam Warning-
There are 3 creators behind this platform namely Rocio Knight, David Mccoy and Tony Mahony. We are told that each of the creator had a different unique skill set. Rocio Knight claims to be an investor and a financial expert, David mccoy claims to be a mathematician, scientist and lecturer at the university of Cambridge and Tony Mahony claims to be a Wall street professional. We were unable to trace out their real identity as they are represented by stock photos. The anonymity maintained by the creators makes us more suspicious about their software.
ProfitCoins represent an ICO where in it requires its members to pay a certain amount of money and in return they are provided with a fixed predetermined returns. While we were trying to validate their operations, we were unable to find any certificates confirming licenses they must lawfully hold. We have confirmed through FCA ProfitCoins has never been licensed which means they are trading and investing for their clients illegally.
ProfitCoins claims to trade CFD but does not talk much about the signal generation process except that it trades based on arbitrage principle. We do not know which indicators or parameters are considered by the software before executing a trade. There is no assurance about the reliability of the software. There is no option to switch between different money management strategies depending upon the various market conditions. How can an investor trust this platform with their funds without knowing how and where the funds are allocated and used?
ProfitCoins claims to earn its users returns of up to 1% daily. If you do the math, it is about 30% monthly. these type of returns are not only difficult to achieve but impossible to deliver on a consistent basis. High return claims are used to catch your attention and trick newbie investors into depositing with them. Ask yourself if this platform could really produce they type of returns as advertised with little to no risk involved why would they offer it for a minimal cost?
If you encounter any problems on their platform the only way to contact the support team is through email.
The Deposit and Withdrawal method accepted by this platform is Bitcoins. A minimum investment of 200$ is required in order to get started with the investment plans. They state that the withdrawals are processed within 2-3 working days.
ProfitCoins features a cashback guarantee. If for any reason you are not happy with the performance of the software you can apply for a cashback. However, make sure that you read all the terms and conditions before signing up with them.
ProfitCoins features a lot of testimonies on their website wherein the early users appreciate the service provided by this platform. There is no way to verify that the comments are from real users.
ProfitCoins Review Conclusion-
ProfitCoins is a high yield investment program which is carrying on its operations illegally. We urge everyone to stay away from this platform.
Review Date: 2018/05/31
Author Rating: 1/5
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