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Cosetek is a scam, a trading bot promising daily returns that won’t materialize, as withdrawal is impossible. Our cosetek.com review exposes why this bot is far from being a genuine trading tool.
Those who have already signed up with Cosetek have already started seeing red flags. The second withdrawal is longer with the platform limiting withdrawals to 1 percent of the initial investment.
As this goes on, the bot claims to have generated daily profit margins for the entire vesting period. So why does the platform block withdrawals? We will tell you why, the COS trading tool is a scam that doesn’t offer quantitative trading as they claim.
Our Cosetek review exposes what’s wrong with the bot and why it’s a risk for anyone who purchases it. Chances are, the bot has backdoor logins to try and gain access to your Crypto wallet.
Continue reading our detailed COS Review for more.
There’s little to point to who owns or runs the platform, and as such, Cosetek remains an anonymous trading bot. And that should be the first red flag to spot with this robot quantitative tool.
Anonymity should be the biggest red flag facing investors on any platform. An anonymous investment tool tries to hide from the public eye due to the risks involved. The developers behind it are using the tool on the public’s actual funds.
Another reason to avoid such platforms is that they are far from being proven to work. These are robots that fail to offer much in terms of authenticity. A tool without full testing will result in real-life faults that will cost investors millions.
What we have with this tool is an untested product that doesn’t deliver much in terms of profitability. The said ROI margins are over-the-moon and far from reality of the crypto market. That’s why we insist on staying away from the platform.
Another reason why we believe Cosetek is a problem is the lack of profit verification or results from a reputable source such as MyFxBook. If there were verified trading results on such a platform, then we would consider it.
For now, all we have is the word of an unknown developer that his trading tool is the best in the business. And the words they use also make us avoid it, be on the lookout for such words in the future.
‘Daily and stable income earning’
These are the words used to target naïve investors looking for get-rich-quick schemes. Woe unto you who buys in from such as the developer will chew your funds and you won’t hear from them. The same is happening to the first batch of investors who bought in.
Six investment plans are made available by Cosetek each promising investors a chance to receive daily profit margins. The platform only uses Crypto deposits in form or USDT. Each plan promises guaranteed ROI on a consistent basis.
Let’s take a closer look at each plan.
It’s the most basic plan with investors having to deposit a minimum of 30 USDT to a maximum of 500 USDT to get started. The robot guarantees daily ROI of 0.57 percent to 0.7 percent in daily profit percentages.
Here’s the second plan also offering daily ROI with a slightly different twist in profit margins. Members have to deposit a minimum of 500 USDT to a maximum of 3,000 USDT to get started. Profit margins are set at 0.56 percent to 0.66 daily ROI.
Recruiting five of your investors on this account means getting larger bonuses.
You have to recruit over 10 members to earn the equivalent amount invested. The minimum investment with this plan is 3,000 USDT with the maximum set at 10,000 USDT. Investors are set to receive 0.53 percent to 0.63 percent in ROI.
It’s the fourth investment plan offering the same bonus levels as the third plan. Only this time, you have to invite 20 users to join. Minimum investment is 10,000 USDT with the maximum investment being 50,000 USDT.
The account promises 0.54 percent to a maximum of 0.61 percent.
One of the top tier investment accounts with investors having to deposit 30,000 USDT to a maximum of 999,999 USDT. Members have to recruit over thirty investors to get the same deposit amount as bonus.
With this plan, the account promises 0.53 percent ROI to a maximum of 0.6 percent.
It’s the most exclusive and premier account of them all. Recruiting 40 investors will earn you double your initial investment. Investors have to deposit a minimum of 50,000 USDT to a maximum of 999,999 USDT.
The account promises 0.53 percent to 0.58 percent in daily ROI.
There are other bonuses as well includes in the package. The platform rank users depending on affiliates they get in and the amount of funding. The minimum bonus earned on the platform is 30 USDT with the maximum possible rank bonus set at 412 USDT.
These bonuses are just part of the scam as the platform owners move money around for some time to entice investors to sign up. You get to do all the heavy lifting and the owners get to profit by taking all the deposited crypto.
It comes as no surprise that the platform doesn’t offer live access to developers or the support team. There’s no direct access to support in the form of live chat or phone calls. And that’s another pretty huge red flag.
Investors need to realize that communication in any investment project is crucial. You must understand the importance of making contact with people holding your funds. Clearly, the owners don’t want any interaction with the would-be victims.
Despite claiming to be a profitable quantitative tool, the robot remains anonymous. That’s why we insist you have to stay away from such platforms or risk losing everything. Be careful and test investment platforms all around including the communication aspect.
Your funds are far from safe with a platform failing to offer investors secure protocol protection. There’s no DDoS protection or SSL encryption to protect investors from third-party attacks. When funding USDT using your wallet, the channels remain vulnerable to attacks.
There’s also the issue of the platform failing to offer any insurance cover for deposits made. What happens when the platform delays withdrawals which it does or fails to pay? Investors have no one to turn to when this happens.
Depositing funds to an untested trading tool is a no-go zone for us. Please stay away from this and any other platform with such features.
Cosetek is a scam, there’s no doubt about it as there are no verifiable results of the daily profit gains. We also don’t have any investor who has come out with proof of withdrawing funds from the platform.
You also won’t see MyFxBook with the performance of such a platform. In every market, risks are there, and as such, guaranteeing daily profit margins is unacceptable.
Please stay away from this platform or risk losing everything.
Now you know that Cosetek is not a trustworthy firm, why not invest with R100k instead, a legit and profitable investment platform?
Do leave a comment or email us with any queries.
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