A questionable Bitcoin investment platform is none other than Coinportfx. All facts point to this being another audacious crypto investment scam led by anonymous persons. After receiving word about withdrawal issues, we decided to investigate the platform. No member will be withdrawing funds any time soon. Once you deposit funds with this platform, it’s the last you see of it. Our findings will shock all of you. Learn what we found out in this detailed COINPORTFX Review.
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A Brief overview of Coinportfx
They claim to be a brand new online earning platform made for everyone. Their program guarantees fix interest for investors regardless of market conditions. This straight away is a lie as market conditions determine whether you make a profit or not.
Claims of having a unique investment platform are false. Coinportfx.com is nothing but the same old crypto investment scams we have seen for some time.
Despite their claims of having the best platform, we have concrete proof showing they are a fraud. The call to make you financially free is used to entice unsuspecting investors to sign up. Everyone wants to be financially free and enjoy an easy life.
That’s the dream they try to sell to investors. Sadly, most investors have fallen for their antics and are now ruing the decision. Nearly all of them are facing the same problem.
Account registration process
Registering an account with the platform is as easy as it would get. You need to fill in your address, email, and full names. We do, however, have issues with the verification procedure. Our sign-up process ended when they demanded bank statements and credit card numbers.
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All our days of investing, we don’t see the reason to send such documents for verification. These scam artists do this to try and gain access to your bank account.
With your credit card details, they can charge your card with any online purchase. These scam artists can also change your banking credentials and transfer funds. After all, they have a copy of your ID, credit card number, and bank information.
The next time you check your account balance, it reads zero. This is the reason sending such crucial documents are only sent to government institutions and lenders.
Address and contacts
On their contact page, you will notice there’s no phone number. All you have is a message board and a corresponding email address. The website’s chat tab is only there to direct you to deposit funds.
You won’t go anywhere as you have to have an account to get their full attention. Once you send a message via chat, it might take more than twenty minutes to get any response. This is the situation facing investors who send withdrawal requests.
Affiliate and referral program
The platform offers three referral plans to investors. You will earn a 7 percent commission for every deposit. The other two plans come with a 2 and 1 percent commission for every deposit.
Before you jump in, the platform does not really pay these commissions. They use affiliate marketers to get more victims. You will be seen as an accomplice to online fraud. Please stay away from this platform.
Coinportfx License and Registration
Coinportfx is not a licensed platform despite posting a certificate on their homepage. The certificate is a word edit that doesn’t have any legal standing. These scam artists have gone to the extent of posting false company registration documents.
No company exists in the Company Register with the name of this platform. Ensure you stay away from the platform or risk losing everything.
A crypto platform with no compliance from authorities will use harsh conditions. That’s why withdrawing from the platform is next to impossible The Financial Conduct Authorities hasn’t heard of a platform with this name.
Authorities won’t protect users from the hands of these online savages. Make sure you check with the FCA for any platform that claims to have a UK address.
Mercy and John are couples who decided to invest part of their savings with this platform. None of them did any due diligence and researched the platform. After depositing and waiting to withdraw for a week, there has been no comment from the platform.
Withdrawing funds with this platform is next to impossible. This is what the couple and other members are facing. It’s a shame most investors don’t bother reading reviews on crypto platforms.
Custodian of the business
Although the certificate claims that Coin Port Ltd owns this website, it’s false information. We did a check using the Company House UK and found no such company exists. These scam artists are coming up with entities that have no registration.
We suspect professional scam artists operate this platform. They are using the UK registration name to entice European crypto investors.
Domain background (Coinportfx.com review)
According to their homepage, the website has been running for 1044 days. This is not the case as it’s just 33 days old when publishing this post. The website went live on March 20, 2021. Records indicate that the website shares the same server with other crypto scams.
This is another short-term website that will shut down soon. With complaints rising, authorities will have to shut down the website.
Features of Coinportfx
Accounts and investment plans
Coinportfx offers members three commission plans. These include 15, 25, and 40 percent ROI plans. With the 15 percent ROI, you get to withdraw after 48 hours. The minimum deposit for this account is $1,000.
25 percent plan comes with a minimum deposit of $2,500, and withdrawal is after 48 hours. The last plan is 40 percent with a minimum deposit of $4,500. Withdrawal with the last account is after 72 hours.
In reality, all these plans don’t offer any real profitability. Withdrawing is not possible, as Mercy, John, and other members already know.
Deposit and withdrawal channels
The platform only allows e-currencies and no other mode of deposit or payment. If you don’t have an e-wallet, they send a Perfect money link. This is another avenue they earn money by being referral agents to Perfect Money.
Safety of funds with Coinportfx
There’s no safety of funds with a platform that doesn’t allow any withdrawals to take place. Segregation of accounts is not possible as they pool all funds in one account. The moment investors deposit, the owners transfer funds to a private account.
Scam or Legit Coinportfx
Coinportfx is a scam, and the evidence is there for everyone to see. With the platform using false registration credentials, it’s best to stay away. Don’t interact with their call agents or website. Those who have already lost hope of recovering their money.
The evidence leads us to add this platform to our blacklist. Please avoid using coin port FX.
Choose wisely and invest in proven and tested crypto trading tools. These tools offer investors the much-needed avenue to make reasonable profit margins.
We wish you all the best in your crypto investment journey.