It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:
The company omits every executive detail about itself. You need not be a rocket scientist to figure out that a broker not straight up with information is up to mischief. CoinMarketBull is posing as a legit multi-level marketing (MLM) entity when it is a Ponzi scheme.
A Ponzi scheme is an investment fraud in which money obtained from new investors is used to pay out old investors. Ponzi scheme operators frequently purport to invest your money and produce significant returns with little to no risk. Nevertheless, they do not invest your money. Instead, they pay individuals who made earlier investments while keeping part for themselves.
Ponzi schemes need a steady inflow of new money to stay afloat because they have little to no actual earnings. These schemes frequently fail when it becomes challenging to find new investors or when many existing investors withdraw their money. Fortunately, there are ways to distinguish a legal MLM company from a scam.
Investors should be privy to the company’s product, management, services, and finance details. Subsequently, it is a red flag if an entity lacks registration by SEC or respective state regulators. On the same note, MLM entities should have licensure to operate, but Ponzi schemes are rarely licensed.
Another sign that investment is dubious is secretive strategies, promising returns with no clear-cut plan to making that money. Also, most shady companies promise consistent positive returns regardless of market inclinations, which is weird because investments fluctuate due to varying market forces. Read the below review to find out more.
This company has no retailable services or products. Thus, affiliates can only promote the CoinMarketBull affiliate membership. This company charges $50 a year for affiliate membership. If you decide to join the affiliate program and take advantage of the investment opportunity, you must invest $100 or more.
Despite the entity trying to give the impression that it has solid market experience, it registered its domain with whois on December 4th, 2022. The same domain expires in 2027. This is a little strange, considering that a video on the entity’s YouTube channel appeared on November 3rd. How did the entity operate without an official domain? Of course, the video was script-generated, repeating the content on CoinMarketBull’s website.
👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it. What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.
CoinMarketBull insinuates that it is based in Hungary. We say insinuate, because the telephone contacts suggest a different location (the UK). You can only find such discrepancies in a suspicious company.
Another essential factor for an investment company is its customer service. Telephone contacts are ideal as they have instantaneous reach and response. However, you should not trust every entity that offers such. As a precaution, only contact a legitimate company. This ensures you are not setting yourself up for Ponzi schemes or identity theft by rogue companies.
Since the entity deals with cryptos, the only accepted payment method is cryptos. Investors can pay via USDT or Bitcoin. Before you decide to invest here, there are things you should know about crypto transactions. The first is that they are entirely anonymous. Such anonymity makes it convenient for the entity to steal from you and precludes the option to take legal action. Secondly, crypto transactions are irreversible. Once you deposit, you have no further control over your funds.
Given this investment venture’s questionable reputation, it would not be smart to deposit to this entity. We always emphasize that you only use crypto payments if the company is legitimate. But if you must risk, ensure it’s negligible with minimal impact on your pocket.
There are two methods through which you allegedly profit from CoinMarketBull platform. The first method is to open an account with them, make an investment, and begin receiving a guaranteed return. You can earn through their AI trading bot’s daily ROI of 1.2% to 1.8% when you deposit $100 or more on the investment side. Nonetheless, there is no sign of a trading bot on this platform.
The second method is to find new customers who register for an account, deposit some money, and then earn a commission based on those deposits. Investors will allegedly receive a referral commission of 10 percent.
No one can lawfully generate 1.8 percent daily, consistently, and then give you access for only $50 a year. If that were actually possible with the broker’s alleged trading bot, they wouldn’t need you for that and would run it by themselves. We also noticed a somewhat shady suggestion where the firm asks to buy $100000 in bitcoins for lucrative returns. As expected, the company does not explain how you will get the so-called “abundant” gains.
The company uses a uni-level compensation system to distribute referral commissions on invested monies. With this structure, the affiliate is at the top of the uni-level team while their recruits are below them. New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates bring on newcomers, they are promoted to level 3, down a theoretically endless number of levels. The maximum number of payable team levels on CoinMarketBull is ten.
Referral fees are calculated as a proportion of the money invested at each level. Personally recruited affiliates (level one) earn a commission of 10 percent. Level two earns 5 percent, while levels 3 and 4 earn 2 percent. Similarly, levels 5 and 6 get 1 percent, level 7 rewards 0.75 percent, while level 8 makes 0.5 percent. Lastly, levels 9 and 10 earn 0.3 percent.
CoinMarketBull claims to be in Hungary. However, this company is not registered with the National Bank of Hungary(NBH). Again, the NBH has distanced itself from overseeing any crypto-related transactions, which happen to be this entity’s main line of business. Thus, we can confidently label this company as an illegal investment.
There are several risks inherent in investing with unlicensed entities. The first risk is that you don’t access the protection that the financial ombudsman accord those investing with legit companies. This implies you are on your own when the company goes tits up. In a similar line of reasoning, investors cannot take legal action against the company as it is not answerable to the authorities. Lastly, you are not eligible for any losses incurred if the entity goes bankrupt. This company is not worth the risk; stay away.
We came across implicating reviews for this broker. While you should not entirely rely on customer reviews, you should make an exception if the reviews are negative. This is because there is a high chance that the victims called out the company on its shady deals and to warn others about it.
According to the reviews, the company only wants you to recruit continuously but has no interest in cashing out money. That is typical of Ponzi schemes, and you shouldn’t be counted among the victims. If you must invest with affiliate marketing companies, ascertain their legal standing first.
CoinMarketBull is a Ponzi scheme that only uses fresh investments to pay off its current members. Companies like this will extort their investors when recruitment slows down. The anonymous broker ensures that there is no one to hold accountable when it swindles investors.
Besides risking your funds, you will jeopardize your relationship with friends and family. So why take this trouble? Look for a legal forex company that can give you decent proceeds from your sales.
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.