In this review, we will describe why Coin Arena Trade Investment is a scam that you should avoid at all cost! The scam investment program can be found at coinarenatrade.com. The service seems to be collecting deposits and keeping the money or paying some depositors to persuade them to invest more money. Coin Arena Trade investment is focused on accepting deposits than making payouts. The activities which they engage in are unclear because the site claims to trade investor funds but no evidence has been given to back this claim.
Some features which they tout include quick withdrawals which can take anywhere between 24 hours to 72 hours (we wonder how this can be considered quick withdrawal). They claim that members of Coin Arena Trade Investment can make withdrawals any time although this is also attached to a 20% fee in case of emergency withdrawal. All of these things are a red flag because the site is clearly operating business like a ponzi scheme. If it is not clear how they generate returns for investors, then there is no doubt that this is a ponzi scheme.
You must avoid this scam at all cost. If you want genuine investment advice or tools that can help you make a lot of money from the markets, we recommend using these resources.
Ownership details of the site has not been provided and so the business is being operated anonymously. The people behind Coin arena trade investments are scammers because they have given us all reasons in the world to believe so. They claim the following on their site:
Anyone can make investments using our website. The interface is so easy to use that even someone with zero experience can figure it out. In addition, our experts are available online 24/7 and are always ready to help. Trust management with Trusted Paid Ads. We help our clients earn money on the volatility of the Finance market. Today, this is an industry with a market capitalization of $130,654,12.
👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
They are clearly using this vague excuse to extort funds from innocent internet users looking for a place to generate more revenue. Some of the features they tout include: 24/7 customer support (you won’t hear from them when they have scammed you). ”Trusted Paid Ads Support Team experts are always here to answer your questions. You can ask them any time of the day and receive a prompt response.”
They claim that Coin arena investment is registered in the US. ”We are a USA Based Company. We Don’t Support Scam and We do not. We are government verified company. We have License to do this business and Leading This.” The problem is that this scam has not provided a certificate of reg on their site and we don’t even know their business reg number. So how can it be true that they are reg in the US? Furthermore, this kind of thing usually needs approval of the SEC which the website has not even talked about. So not only is this a scam, but it is also illegal to set up a supposed investment business to start collecting funds from members of the public without the necessary approval.
An explanation has been given to convince investors that this is safe. “Our website resides on a dedicated server with DDoS protection and SSL certificates, so attacks are virtually impossible. You can access your personal dashboard anytime, anywhere – 24/7.” Again this is quite lame as it does not address the intent of the question. This question should be addressing issues to do with whether or not an investor may get scammed by the operators of the site. But as you can see, the owner of the site is dodging the question by answering it irrelevantly. Again this is a red flag which you must not ignore.
“Seize the opportunity to grow your capital in the most liquid market in the world by copying the trades of top preforming traders in our investment program. A simple and affordable way to increase your wealth by investing a small sum of money. Profit is calculated on weekdays and reinvested to increase your principal deposit and the overall profit. Profits and principal deposit are paid out at the end of the investment period.” It is quite clear that the scam has nothing to do with trading and if you look at it very carefully, you will see that there is no evidence of trading, only evidence that this is a scam.
Also, the reason this is a ponzi scheme is because they are advertising affiliate earning opportunities that goes up to 2 level deep. ”Our affiliate program is so well paying, it would be a big loss not to use it! In fact, we pay not just one, but 2 LEVELs deep! With our Affiliate program you can build a long term stable & passive income on the Internet.” The payback program is also as fake as it can get. ”Everyone who joins this program will get paid every day, 7 days a week! It’s free to use and earn money with Trusted Paid Ads.”
As you can see, they copy pasted the terms and conditions texts and were too lazy to change the name of the company’s website where it was copied from. This is a scam. Stick to these recommended investment services.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More