×
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:
Thanks for reading this Money Trade Coin review. If you’re wondering what Money Trade Coin is, this review will give you insights into what it is and why you should never commit your money to this Ponzi scheme.
You see, Moneytradecoin.com is punting a useless coin which has no value, unlike Bitcoin, Ethereum, Litecoin, and Dash and so on. The Ponzi scheme now wants you to invest in their useless coin called MTCX.
What are the prospects of making money when you purchase MTCX? Zero! If you want to know more, here’s an in-depth analysis of the scam project.
Note: you can legitimately invest in Cryptocurrencies if you use these companies.
Money Trade Coin can be found on the domain Moneytradecoin.com. The first place to begin at is to analyze that domain to determine whether or not you’re likely to be scammed by it.
Luckily, there are so many ways to verify the authenticity and trust ratings of a site.
👉 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.
The first place to begin at is to search for it on who.is where you will mostly see that the domain is privately registered. That means the owner is not willing to disclose their identity for very obvious reasons. They are operating a Ponzi scheme, and in that sense, it is never safe to disclose personal information as it could lead to arrests.
The website was registered in June 2017, and its popularity is rising steadily. However, Money Trade Coin does not say the exact date that it was launched. This information is not available on the website.
The fact that this is such a new service means that people should exercise caution because new sites in this niche are often operating a Ponzi scheme. If you rush to invest, you will burn.
Besides, this website has a very low trust rating as the owner is hiding their details. So many things are unknown about them, and that means you’re likely to be scammed in the process.
According to the website, Money Trade Coin is a new Cryptocurrency and a safe and secure place to store Cryptocurrency.
They claim that this new Cryptocurrency can accommodate different types of transactions and investment goals. But the question is this: who accepts a zero value Cryptocurrency like MTCX?
The website also claims that the security of this currency is backed by real estate and so investors should not worry of the usefulness of the Cryptocurrency.
We are not so sure about this because for one, these claims have not been verified, and secondly, the owner is an anonymous person on the internet.
Even the names published on that site cannot be trusted. Why would they disclose their name here when ownership details on who.is is hidden? We doubt it.
They would be fools to disclose their names here, don’t you think?
The website also claims that Money Trade Coin is an intellectual property joined owned by a firm in Dubai called Bitcoin Global FZE. When we checked whether Bitcoin Global FZE existed, we discovered that indeed it’s a real firm in the Middle East. But the problem is that there is no indication at all that Bitcoin Global FZE is affiliated to Money Trade Coin.
Also, they are referring to Money Trade Coin as a corporation. That means the words Ltd are appearing in its name. When we check to verify whether a company with this name exists, we fail to find any tangible evidence that would convince us that indeed a corporation with that name exists.
What we were able to find was nothing more than the Money Trade Coin website, no company information.
Moving forward, we are introduced to someone by the name Mr. Amit M. Lakhanpal who is alleged to be the Director of this company and also an active member of the Bitcoin Global FZE and MD of Flintstone Group, India.
We are not sure how accurate this information is. We would have appreciated some evidence to show that indeed Money Trade Coin is affiliated with the company which they are mentioning in their website. By simply talking about this company does not make Money Trade Coin legitimate.
As a matter of fact, this is just a Ponzi scheme using the name of an established corporation in Dubai. You must be aware of this fact before making any transactions with these guys.
We would have loved to trust this website and their project as a whole. Unfortunately, they have done a poor job at presenting themselves to investors.
And secondly, all evidence out there point to the possibility that this website is a Ponzi scheme project, nothing else.
Their trust rating is suffering because Money Trade Coin is focusing on the company Bitcoin Global FZE more than they are focusing on themselves.
The worst thing is that this website doesn’t have any corporation backing its activities. But they lie about it anyway.
So you wonder what else they could have lied about. It’s just disturbing to think that this website is asking people on the internet to send them some Bitcoin so that they can store the money on behalf of these investors.
Also, the objective of this scam site is not clear yet. They are operating like an exchange and at the same time saying that they can store your coins.
But before that, they hinted that they were offering something that is akin to an ICO. MTCX is the coin which you’re supposed to acquire. The problem is that it has no value. That means you will incur losses the moment you send your money to this site.
As always, scammers are very creative when it comes to testimonials and endorsements.
You can see on the homepage of this website that they were allegedly endorsed by major media organizations like CNN.
We doubt this fact. There is no such kind of endorsement that happened. Even if you check with CNN Money, you will not find such kind of thing.
Moreover, big media houses don’t endorse phony investment projects. That would ruin their reputation, which would be bad for their business.
By the way, the kind of endorsement that theses guys are talking about appeared on a site called CCN, not CNN. Note the difference.
Also, read the disclaimer on the first paragraph of that post. It says that CCN is not endorsing Money Trade Coin and that investors should carry their own due diligence before investing with that site.
Now, that’s something you should be aware of. No site has endorsed this particular Ponzi scheme, and they know it very well. So the fake endorsement badges on their site are illegitimate.
You might be tempted to think that this site has customer testimonials and reviews.
Unfortunately, no such thing can be found on the internet. This is quite suspicious because in as much as the popularity of the site is increasing, no customer is actually telling others about their experience with this site.
It’s not safe to invest with Money Trade Coin. Chances of losing your money are 100% with this site. Be aware of that fact.
Once you understand this, you can look for legitimate Cryptocurrency investment projects that produce actual returns.
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.
Alert!
Fill out the form below to recover your lost funds from this scam company
MTCX has now invested in Dubai under a new ponzi scheme. The new entity is called Al Kasir Portal, now trading in crypto-assets. You should do a check on them.