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Alt4coin Trading Review (2023) Update: A clone of a genuine crypto investment platform, alt4coin.trading failed to offer investors a window to withdraw funds.
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Alt4coin Trading is allegedly a Cryptocurrency investment platform for trading investor funds at different exchanges. The self-proclaimed asset management platform claims that they have rapidly achieved success and are fast expanding their resources to become even more profitable when you join them.
Alt4coin Trading is supposedly a team of like-minded individuals with experience in Cryptocurrency trading who have come together for a common goal. Because of the team’s alleged immense experience, they want others to also corporate to achieve a mutual benefit.
But what exactly does Alt4coin Trading want you to do? Well, they want you to get involved by purchasing any one of their investment plans which is allegedly going to yield some daily returns.
How is profit generated? They claim to have experts that carry out risk analysis and trade at various Cryptocurrency exchanges on your behalf.
Alt4coin Trading also claims that it is a registered company with a valid license for managing client funds. However, what we are able to confirm is their Ltd status but not a license in the asset management category.
This is contrary to what the website promises us. They initially said that they are licensed to manage portfolio for their investors. But that license is nowhere to be seen. Therefore, that is a minus in their cons column.
The point is, with so much sketchy information on this website, we can’t trust them with our funds. We are afraid that Alt4coin Trading us just another ponzi scheme based in the UK.
There is emphasis on transparency. However, nearly everything that is promised here does not have accompanying evidence. We have already ruled out the possibility of a license ever existing for this website. This makes it an illegal portfolio investment platform since what they are supposed to offer is a highly regulated service in all countries.
The reason Alt4coin Trading is an illegal business because they are targeting everyone regardless of their country of residence, and secondly, coercing everyone to sign up even though they are aware of the fact that they are operating without a license.
All you have to look at is their eye-popping returns to conclude that they are a ponzi scam. This company has a one day investment plan that promises 110% in one day. Basically, they are claiming that with this plan, you will double your money in just 24 hours.
No one can double their money in 24 hours, and that is definitely not trading but something else. When it sounds too good to be true, then definitely it’s a scam. You should expect ponzi scams to peddle their offers using unrealistic returns. These promises give us a lot of insights on who these guys really are.
The second investment plan is equally ridiculous as it promises 144% in 4 days. Again, this ROI is too high and unreasonable. Even in 4 days, you still won’t double the amount of capital spent on these plans.
How about 194% in 7 days. There is no need to sound weird. We have already said that this is an impossible goal to achieve in any form of trading, be it in Forex or Cryptocurrency trading.
Therefore, you should be asking yourself what Alt4coin Trading is intending to do to give such high returns. Do they engage in any other business activity apart from trading? One would assume. But the real truth is that there is no trading, and neither are they carrying out any valid business activities from which they can generate returns.
This is what ponzi schemes are supposed to do. They lie to their audience by promising unreasonable returns while telling them that they have employed a team of trading experts who know how to conduct market and risk analysis for the profitable management of client funds.
If you want to be sure that you are dealing with a ponzi scam, scrutinize their operations further. Start asking questions like who are these anonymous and experienced traders, and where are their professional profiles?
Apparently, there are no answers to those questions. Ponzi schemes are often run by one man army and registered anonymously. The domain where Alt4coin Trading is hosted was privately registered a few weeks ago. This suggests that the owner probably didn’t want to disclose their identity to the people they claim to serve.
The problem with such operations is that they often have a second agenda. If the owner of the site can take the first step to preventing people from discovering their identity, it means that they are fishy and their operations are not intended to benefit the target audience.
We don’t feel comfortable investing with a company or website whose owner is anonymous. It would take a lot of faith to do so. But given that this is money matters, one cannot gamble with their hard earned money unless there is evidence that the people who will be managing our funds are real professionals with real identities and track record.
There is no reason why we shouldn’t believe that Alt4coin Trading is a ponzi scheme.
When you scroll down this site, you will see a graph that supposedly shows the profitability of this company over time. These crooks couldn’t let a third party verify this data for us. So we will treat it as a mere claim of success.
The other part of this site shows user statistics where investors are allegedly depositing and cashing out their profits.
Again, you must understand that unverified statistics by an independent third party is not considered valid information.
Basically, Alt4coin Trading lacks transparency and legitimacy. Their credibility suffers because of these things. Definitely investors are not foolish enough to trust their anonymous trading activities.
Forget Alt4coin Trading scam and take matters in your hands. The best thing you can ever do is to take matters in your hands by trading with these Cryptocurrency bots. They are designed for people who are comfortable with auto-trading and have no time or skill for analyzing the market.
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