RichDeposit (richdeposit.com) is a high yield investment program which claims to earn its users returns of up to 90,000% after 3 days. It is needless to say that we are looking at a fraudulent ponzi scam. While we were investigating this service we found a lot of misleading and disturbing factors which raises a lot of concerns. Read our full review to find out why you should stay away from this scam.
RichDeposit Scam Warning-
There is no information available about the creators or developers of this platform. The actual creators behind this platform have maintained complete anonymity in order to avoid criminal prosecution. Always remember the lack of transparency is a sign of a scam.
RichDeposit states to be active in the financial markets since 2013 but there is no evidence supporting that claim. Initially this firm was supposedly trading forex only and recently switched to trading cryptocurrencies which allegedly yielded them 3 times more profits. All these manufactured back stories are told only to gain the trust of the investors.
RichDeposit represents an ICO wherein it requires its members to invest a certain amount of money and in return they are provided with a fixed predetermined returns. While we were trying to validate their service we could not find any certificates confirming licenses they must lawfully hold. We have confirmed through the FCA RichDeposit has never been licensed which means they are trading and investing for their clients illegally.
RichDeposit does not talk anything about how the signals are generated or how the funds are allocated? We do not know which parameters are considered by this firm before executing the trades. There is no report of previous performance report of these so called cryptocurrency experts. How can they expect the investors to trust their firm without telling them how their funds will be handled and the trading system it follows?
RichDeposit claims to earn its users returns of up to 90,000% after 3 days with little to no risk associated. These type of returns are not only difficult to achieve but impossible to deliver on a consistent basis. The platform displays different investment plan where in for higher returns the users have to increase their starting deposit. High return claims are used just to catch your attention and trick newbie investors into depositing with them. Ask yourself if this platform could really generate the type of returns as advertised with little to no risk associated why would they offer it to the public for a minimal cost?
RichDeposit is an obvious scam which is designed to loot newbie traders. The kind of returns advertised are outrageous and unrealistic. They do not have any kind of previous trading history to show their win rate and maximum draw down. Anyone who has traded before will easily detect the lies portrayed on their website.
If the users encounter any problem on this platform, the support team can be contacted through email only.
A minimum deposit of at least $30 is required in order to get started on this platform. The deposit and withdrawal methods supported by this firm are Bitcoin, Litecoin, PerfectMoney, Payeer and advcash. They state that the withdrawals are processed instantly.
RichDeposit features many characteristics similar to the much hated ponzi scheme. Like most fraudulent investments, their main goal is to make as much money as possible from registrations and other affiliation before they get shut down. The affiliates are paid a percentage of deposits made by their referrals. Note that the affiliates do not have to be an active investor in order to get their commissions.
RichDeposit Review Conclusion-
RichDeposit is an obvious scam. Do not indulge with this firm in any way.
Review Date: 2018/06/21
Author Rating: 1/5
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