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Coin Contract Scam Review: Don’t Ignore the Signs

Coin Contract Scam Review: Don’t Ignore the Signs

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This review will prove that CoinContract is a scam operation. The main method of losing money is through inviting investors to deposit a certain amount of money in the name of trading Cryptocurrencies. It seems as if Coin Contract is operating like an asset management platform which also uses an invest and forget method of operation.

We have looked at their About us section and realized that it is not making any sense. It looks as if this section of the website was prepared by someone who doesn’t speak English or an online translator who is somehow not versed with the English language. For that reason, it isn’t clear what Coin Contract is supposed to do.

But one thing is clear. It is seemingly a Cryptocurrency trading company that solicits deposits from investors. The main thing here is the promised return on investments which are ridiculous. One could say that those returns are too good to be true. To be precise, Coin Contract wants to generate 15% daily return for every investor who joins them.

If this is true, then everyone who joins them should be rich. Unfortunately, that’s not how the economy works. 15% daily return is an impossible feat to achieve. There is no legitimate business on the planet that can put such amounts of money in your pocket overnight.

You might have gone through this website and wondering whether Coin Contract is a safe place to invest in. Too bad, it is not, and here’s why:

Coin Contract review

Coin Contract gives us more than enough reasons to doubt their offers. Just go through the site and you will quickly notice that something is fishy. The site operator has deliberately refused to give their audience contract information, which is very critical when it comes to making decisions as to whether or not to join this site.

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The text on this website isn’t making any sense too. We find this very unethical. How does this site admin intend to convince people to sign up and start using their service? One wonders.

But that is not all. It seems they are very much determined to deter users from signing up since they are doing the exact opposite of what any investor might expect from a site like this one. The 15% daily returns is outright nonsensical because that will mean 450% monthly returns. These scammers clearly think that everyone is foolish, hence the quoting of figures that don’t make any sense.

We are now fully convinced that only scams like Coin Contract can display such numbers on their websites.

Who owns Coin Contract?

There is something peculiar about website operators who hide their identities so that users can’t know who they are. This website is one of them. The site admin is too careful not to reveal any information about themselves.

On the other hand, they are expecting you to exercise blind faith by handing them your deposit. Do you truly believe that such a person will trade your money for profit? No way. That can never happen. The ultimate results are crystal clear.

A very fake company with no credible background

Coin Contract is indeed a fake company. The website is showing us their company registration and telling us that they are based out of the UK. Now, this entity is very new. They don’t have a history yet. We can’t have any confidence in a new company that seems to take investor money with the claim that they will trade it for profit. That’s not how the industry works. And most certainly new companies don’t stand a chance of ever convincing investors to part with any sum of money in the name of trading. They must prove that they are capable of delivering their promises.

But as you can see, Coin Contract has failed terribly in this department. No one can trust such a shady website. If it’s impossible for us to trust them, then most likely you will find it a big challenge putting your faith in them.

So, these guys are offering a service that is classified under investment services. Since they are operating from the UK, they have no other option but to seek a license from the FCA.

But as you can see, Coin Contract is not even bothered by this rule. They have no license and are not intending to apply for one. Instead, they are running this business as if everything is okay. Now, this puts investors funds at risk of losses because this entity isn’t licensed to provide such a service. We don’t have any guarantees that our portfolios will be managed by qualified asset managers or traders for that matter.

Therefore, Coin Contract is an illegal business. You must stay away from these scammers if you want to safeguard the little amount of capital which you are planning to invest.

Coin Contract is a ponzi scheme

The truth is that this website has been beating around the bush for a long time. What they do not know is that we are aware of the fact that they are a ponzi scheme operation.

Since they are a ponzi scheme, they don’t have a license because they don’t have a real business. What they are doing is very simple. They just collect membership deposits and sometimes pay out small profits. The rest are stashed into their anonymous bank accounts.

No ponzi scheme is legit. Therefore, Coin Contract will either collapse by design or by way of business model which is obviously unsustainable in the long term. You need to understand that these guys are here to scam you. They are not here to make you any profit.

Our best advice for you

As we have already stated above, our verdict is that CoinContract is a Cryptocurrency scam. They don’t have any track record of doing what they say they will do best. The site operator is anonymous and has no moral authority to lecture us on these matters. Please trade Cryptos with these Cryptocurrency robots.

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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

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