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Vipstrade.com Review: is VIPs Trade Scam or Safe?

Vipstrade.com Review: is VIPs Trade Scam or Safe?

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The domain Vipstrade.com has been around since 2016 but the site has not been around for quite long. It appears that suckers decided to purchase an established domain to start a trading business. They claim that VIPs Trade is a dependable and innovative trading platform for Crypto currencies. They are also inviting investors to sign up in order to start trading. However, when you scroll down on the homepage, you will realize that the rest of the content is talking about Bitcoin cloud mining and not trading. Is this a scam or what? The answer is that this is obviously a scam. With so many red flags, we can’t go wrong when we pass this judgement.

VIPs Trade claims that they have faster mining servers with up to 2 times the normal speed of other servers. They attribute the speed to things like multiple caching layers, premium hardware and low density servers. These things are obviously misleading because we are not even sure if this site is operating any Bitcoin mining servers. It’s something they cannot prove. The site promises strong security and even claims that their project was built with security in mind from the ground up. The site even claims that they have a Bitcoin escrow service integrated into the system and that their trusted agents can reverse payments when need be.

VIPs Trade

In other words, they are trying to operate VIPs Trade like a Crypto currency exchange but at the same time mixing it with mining of Crypto currencies. This is bringing confusion because we actually don’t know which product or service that this site is offering. VIPs Trade touts 24/7 customer support in addition to a troll box where users can chat with their customer support in real time.

The site’s credibility is obviously questionable. A look at the homepage will tell you that they are even using stock photos to mislead users. They are representing their CEO with stock photo and a fake name. He is allegedly called Soumei Fujimura. The person who picked his stock photo on the internet wasn’t creative enough because he picked up a photo showing a sad old man. If this is the face that represents the owner or founder of VIPs Trade, we’d better not give these crooks our money at all. The same case applies to the other two people whom are referred to as Chief trader and co trader.

Why is this site using stock photos in place of real people who are actually managing this site? Is it that they are not confident enough concerning the abilities of these people? Something seems fishy. One thing we know is that only scammers often want to hide their real identity because they have evil intent of stealing funds from unsuspecting victims. They do not want to damage their reputation. So that is why they often use stock photos belonging to people who may not even know that their photos are being used to pursue malicious intents.

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The truth of the matter is that VIPs Trade is actually not a trading platform. If you want to make money trading, take things into your hands. Invest in a proper trading product and start making money. But do not rely on websites that are vague about the products which they claim to offer. Up to now, it is not clear whether VIPs Trade is focusing on trading, mining or both.

VIPs Trade review

We have looked at their investment plans and realized that they are talking of mining of Crypto currencies as opposed to trading. These investment plans are quite ridiculous because the site is demanding a minimum investment of $1000 in order to get started with the basic plan. All of the 4 plans are running for 1 year. Daily returns are between 1%-1.4%.

Obviously when you study these 4 plans, you will immediately know that there is a problem. First of all, these plans do not talking about trading. They are talking of mining Crypto currencies. And if this is mining of Crypto currencies, we cannot realistically generate over 30% in monthly returns. This is Crypto currency mining and such returns are unheard of. Moreover, we can compare the kind of returns that people were earning in 2017 when price of Bitcoin was rising and now when price has actually corrected itself. You will discover that nobody made 30% in monthly return back then. So today it should be impossible even to see a return of 15% per month.

They also claim that none of these plans will charge maintenance fees which is another obvious lies. This kind of marketing targets those who are naive and have no idea about what kind of work that goes into mining of Crypto currencies. There is no way these people can claim that they are not charging maintenance fees when maintenance costs together with those of electricity are the highest impediment in Crypto currency mining business. That is why people barely see the projected profit margins which rogue websites often advertise on their sites. So this is a red flag and evidence that the site is looking to convince naive investors to make a deposit so they can lose their money.

High deposit requirement

There is no sensible Crypto currency cloud mining service that can demand a minimum of $1000. All Crypto currency cloud mining sites which are actually legit will ask investors to put in any amount of money even if it’s $10. We feel that not only is this minimum deposit requirement too high, but it also puts many people off when they imagine that this site is asking the unthinkable. This is very suspicious. It points to the fact that VIPs Trade is definitely run by crooks.

Our best advice for you

The people behind this site were so much in a hurry that they presented an incomplete site with ”lorem ipsum dummy text still on the website. Can you trust these scammers when you see this kind of thing on their site? In our opinion, nobody can ever trust such a website. Mine Bitcoin with these sites.

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