It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:
Coinmack.co claims to be registered in Australia, and the regulator, ASIC, vehemently refutes this notion. And that’s when we start seeing cracks appear on what looks like a viable crypto investment platform. Despite their efforts to use paid commentary on Trustpilot, the fallback is there for all to see. We have to expose this crypto investment platform before it disrupts the investing community. What we have is a full reveal on a rogue platform. Learn more in our COINMACK.CO Review.
As an investor trying to find a way out, you need reliable crypto investment platforms. The only way to get invest safely is by using tested platforms. Thanks to experts and the crypto community in general, these platforms are available. You should make the wise decision today and invest in Coin staking, DeFi, or Masternoding. Anyone of these options guarantees a realistic and safe way of investing.
Coinmack professes to promote the clients’ financial status thanks. This is all done thanks to having an uncompromised binary and forex trading software. We have to stop them there since they trade in binary options.
Jurisdictions in Europe, including America, have banned options trading. And this goes to show the unprofessionalism you expect from the platform. They are already on the crosshairs of regulators for offering binary options trading.
And what’s this automated trading software they claim to have? Well, to try and sell their pitch, Coinmack has to come out as a technologically advanced investment platform. Apart from mentioning the software, they fail to go into details.
The platform claims to offer trading services and financial support to institutional and retail clients. Apart from that, they also boast of being an award-winning forex automated trader.
All this is an attempt by the platform to lure investors into depositing with them. Those who fall for the trap end up losing their investment. To avoid falling for such traps, you need to spot the red flags in most investment schemes.
Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club: 1. You get up to 5% average monthly return on your starting capital. 2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do! 3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away! 4. No upfront payments for the service. 5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget. Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!
Coinmack.co claims to be fully registered by ASIC and even provides a certificate for it. The company holding the certificate goes by the name Coinmack Investment Company. Our investigations on the matter tell a different story.
ASIC is the official regulator of all finance-related entities in Australia. The platform vehemently denies licensing Coinmack.co. There’s a registration number provided by Coinmack ACN 87 621 466 608 issued on 20th June 2019.
From the ASIC records, we can say for a fact that Coinmack.co is using a cloned copy. The actual company licensed under the above registration number is The Coin Company PTY Ltd., And that’s how you know you are dealing with a cloned license certificate.
It begs the question, what extent will they go to try and seem compliant to consumers? The platform is ideally a walking shotgun roaming the halls and shooting down anyone who signs up. There’s no way your investment is safe with an institution using cloned certificates.
Coinmack.co offers five investment platforms to choose from. The accounts are in three categories, individual investors, professional traders, and share company plans.
Welcome plan
The welcome plan offers 3 percent ROI for any investment with a commission of 3 percent. The minimum investment amount is set at $100, while the maximum is set at $1,999. Withdrawing is possible after 24 hours.
Currency pairs
A minimum investment deposit of $2,000 is necessary to start investing with this plan. There’s a 6 percent average commission and earning. The maximum investment deposit is set at $9,999, with investments being major currency pairs.
Dynamite plan
There’s a withdrawal cap set at 36 hours after making the initial investment. The minimum investment price is set at $10,000, and the maximum is $19,999. Average earning for the dynamite plan is set at 9 percent.
Professional Traders Plan
Withdrawal with the professional trader’s plan is set after 48 hours. The minimum deposit is $20,000, and the maximum is $49,000. Average earning for this plan is set at 12 percent with no guarantees.
Shares Company Plan
With the shares company plan, withdrawal is made possible five days after the initial deposit. The minimum investment is $50,000, while the max cap is set at $200,000. Average earning is set at 40 percent with no guarantees.
What makes these plans different from the rest is the platform offers no guarantees. The average earning percentage for each program doesn’t come with a guaranteed ROI.
There’s a Coinmack crypto mining hardware where investors can partner with the platform to mine crypto. The platform claims to have mining rigs that mine multiple cryptocurrencies. What we fail to get is the type of mining hardware they use.
The platform gives little information on this service. What they plan to do with your investment is beyond us. We believe the platform is ideally targeting investors with little crypto knowledge. Taking advantage is what the platform does to naïve investors.
Apart from offering crypto investment services, the platform also provides a crypto exchange platform. You can exchange your crypto on their digital currency exchange platform.
The platform also allows you to buy and sell crypto via Coinbase. What we learn is the platform is an affiliate to these two platforms. The website earns money by directing users to challengy.com and Coinbase.com.
There’s no information on who owns or runs the platform, which is another red flag. When investing, you should be aware of who handles your funds. The platform goes silent on this feature which makes them anonymous.
Investing in an anonymous website should be the last option in your mind. Anonymity brings chaos and a high-risk setting. You don’t know who handles your funds once you decide to invest with the platform.
The platform offers a live chat option, email, and Whatsapp number. There’s no phone number listed you can use to contact support. And this implies the platform is trying to control the communication process.
It’s easier for them to contact you than you reaching out. On our live chat, they did agree the platform has bots that give automatic responses and greetings. Making direct contact with team members is next to impossible.
Donald’s response was unclear, and he insisted they have a legit ASIC certificate.
At the bottom of their about us page, there’s an investor review slide. What we have is an image with no name claiming to have made it thanks to Coinmack. The person claims Coinmack.co gave him an easy way to trade.
It would be ideal if the person had proof of his winning trades with the platform’s software. All we have is his word that the software works.
When it comes to the safety of funds, this is out of the question. Coinmack.co does not offer any safety net for investors. The platform does not insure deposits made by clients. Once you deposit, there’s no chance of recovering your funds.
There’s no way we would recommend a platform with a cloned license certificate. We have to add Coinmack to our blacklist.
Ensure you invest safely with tested and transparent crypto platforms. It’s the best way to invest with crypto.
Feel free to leave a comment or email us with any queries.
The platform is using a cloned license and registration certificate
No, the platform does not insure investments
Yes, it's one of the few working features of the platform
Try investing in Coin staking,. DeFi, or Masternoding. https://www.valforex.com/best-crypto-investment-platforms-defi-masternoding-coin-stakings/
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. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments