Conomi (Conomi.store) is another cloned platform that is trying to deceive unsuspecting Crypto investors. It is a new Crypto platform that claims to be at the forefront of digital currency trading. They claim to be a cryptocurrency platform that offers e-commerce services. The claim that they are a popular Crypto exchange website is not substantiated or verified. And this poses a huge danger to anyone who signs up with the platform. CONOMI is a platform investors should be wary of.
From our initial investigation, we can state that Conomi is a third party platform. Its main aim is to connect consumers with crypto assets and exchange platforms. They also claim to connect digital currency enthusiasts using their own coins. We found that the website is filled with holes that make us question the intent of this platform. One of the main suspicious points is offering a guaranteed 15 percent ROI without giving a time estimate. And this is where the trap is set for investors to fall into.
Dealing with digital currency can be quiet a lucrative venture. When looking for new coins, it is best to mine your own Crypto coins. The avenues available for mining crypto currency are far and wide. It is best to go for Crypto mining companies that are affordable and backed by digital currency experts. The mining coin venture is a promising one if investors use reliable mining companies. As far as Conomi is concerned, investors should stay away from products that have no strong reputation.
From what we can gather, Conomi is a Crypto currency trading platform. The creators of this platform are trying their best to connect it with an e-commerce model. What we find sinister with regards to their model is lack of precise information on how they both connect. And this type of trading offers a disadvantage to investors. Investors will have to rely on the auto-trading features to make a profit. And this is another problem as CONOMI is not proving to be as reliable as they claim.
Conomi does not give any information about the developers or owners of the platform. And this is a huge problem since it means CONOMI is an anonymous online trading platform. There is a serious loophole when it comes to investing with an anonymous website. Such platforms may decide to shut down as fast as they crept up which leaves users at a disadvantage. A member may deposit funds today and the owners decide to shut the entire program tomorrow.
👉 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.
The feedback we are getting from current and previous members is harsh. Most of them are unhappy with the end results as they claim to have lost funds. After claiming to offer a number of plans, the platform is unable to deliver on its promise. Losing is the other name of this platform as members claim to lose money in the thousands. Others have gone to the web and rant about their misfortune in the hands of CONOMI. And this is another reason to stay away from this anonymous online trading platform.
After checking with all regulatory bodies in most jurisdictions, we can confirm Conomi IS NOT REGULATED. The platform does not have any valid documents to support any claim of compliance. And this is a huge problem for anyone who signs up with their platform. An unregulated Crypto platform is as dangerous as it gets. It means the platform does not follow the set principles laid out. Such a platform can prove to be a disaster as they tend to offer no insurance to deposits.
Most regulators in the European region are planning to issue a warning in regards to this platform. The warning is in relation to the platform’s inability to comply with trading guidelines. With over five months in existence, the platform ought to have a valid trading license by now. The reason they fail to have one is these scam artists know they don’t have a chance. They are operating illegally and could not possibly pass the high standards required to operate a Crypto trading platform.
Conomi is offering users with three plans for opening an account. The three accounts have a minimum deposit of $20,000, $30,000, and 50,000 respectively. These plans come with a guaranteed ROI of 15 percent which has no time frame. What still remains to be their biggest flaw is having the same ROI. Why would the investor group the plans separately when the ROI is the same?
Users can make contact using email and a listed phone number. One can also find out whether the site still exists by visiting their web page conomi.store to find out if the site exists. We have strong reason to believe the site will only be operational in a few weeks. Scam platforms such as this one tend to close shop once investors start reading detailed reviews. And this is why reading our reviews is essential; we strive to make the trading world safe. Such platforms should be exposed by all means necessary.
Conomi is offering e-wallet channels as the best form of depositing funds with the platform. Another listed depository channel is bank wire transfer where members are sent a bank account number. And this is another risky move as the owners may decide not to inform members of the deposit. The members will get excuses such as the bank did not receive the listed amount.
The platform is boasting of having partners on their platform. Unfortunately, this is not the case as the companies listed have nothing in common with Conomi. Some of the partners listed include Blibli, Bukalapak, Jakmall, and Mullberry. These scam artists will want their product to be identified by leading companies. After reaching out to these so-called partners, they were shocked on learning this.
Conomi has gone ahead and listed a number of people as staff members. They have simply used stock imaged and give the titles of the photos. And this is another way of spotting the scam artists that are behind this platform. We could not find even a single person on any social media platform. Does this mean that the entire project team is not on social media? And this is a cause for concern as it means the members are made up. Stay away from such a platform that does not use actual staff members.
The security of funds is far from being guaranteed by an anonymous and unlicensed entity. Conomi is a foreign online trading platform with a huge problem. These scam artists are in the business of luring unsuspecting Crypto investors into depositing funds. Stay away from this Crypto platform as it brings nothing but losses.
After reviewing all the facts, it is clear Conomi is a scam. Stay away from this ruthless platform that does not offer any meaningful trading services. The Crypto industry is better off without this platform having to steal from unsuspecting investors. Stay away from this platform and use credible tools that are highly probable. Use tools that get recommended by crypto experts and traders. It is the only way to trade safely with the platform. It is your chance to sign up with a credible Crypto tool that is efficient and effective.
Adding the platform to our scam blacklist will enable our readers to stay off unlicensed products. Ensure you mark any and all of their promotional emails as spam. Stay away from the platform and avoid any interaction with their so-called staff members.
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