Day: June 22, 2022

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scam reviews 2022

COTP Review

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COTP

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Do You Want to Know If COTP Is Legitimate or a Scam?

COTP has a number of problems. Its license is fake, it makes false guarantees of high returns. This broker has been suspected of being a Ponzi scheme and its structure is a MLM or a multi-level marketing scheme. This means that it persuades clients that they will get additional rewards for recommending other clients. COTP does this by promising clients passive income, which no broker can guarantee. 

There Are Some Problems with COTP

COTP seems to have a license, but it’s fake. It falsely claims it is regulated by FINCEN. This demonstrates why it’s important to always validate any claims about licensing and not taking any of this information at face value. Additionally, COTP promises 4% daily ROI. This is far beyond anything a legitimate broker would guarantee; in fact, no broker should promise specific percentages of profits. 

Red Flags that COTP May Be a Scam

  • Fake license
  • Guaranteed returns
  • Ponzi scheme
  • MLM
  • No transparency
  • Poor web content
  • Bad reviews

If You Need Fund Recovery from COTP Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with COTP, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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scam reviews 2022

StablecoinUS Review

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StablecoinUS

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Do You Want to Know If StablecoinUS Is Legitimate or a Scam?

Stablecoin is a type of cryptocurrency that is connected to another type of currency. However, StablecoinUS is something different. It’s a broker that is trying to associate itself with stablecoin by adopting a similar name. It isn’t uncommon for brokers to call themselves something that sounds legitimate to disguise the fact that they are a broker scam.

There Are Some Problems with StablecoinUS

StablecoinUS claims that it has tens of millions of clients, which of course is unrealistic. It also guarantees returns after a few hours of trading on to several months. Don’t trust brokers that promise certain returns. Any broker that claims to give specific returns isn’t telling the truth. It’s hard enough to try to game cryptocurrencies-to know for certain that you will have a certain return from trading is impossible. StablecoinUS tries to give people the impression that its financial services are licensed by saying it uses “licensed” software. 

Red Flags that StablecoinUS May Be a Scam

  • No license
  • Guaranteed returns
  • No transparency
  • Poor web content
  • Bad reviews

If You Need Fund Recovery from StablecoinUS, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with StablecoinUS, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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scam reviews 2022

CryptosPair Review

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CryptosPair

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Do You Want to Know If CryptosPair Is Legitimate or a Scam?

CryptosPair says it offers services in 32 countries. It may have clients in all of these locations, but that doesn’t mean it’s licensed to do so. To offer trading services in so many countries, CryptosPair would have to have many licenses. However, CryptosPair doesn’t show proof of having even one. In addition, this broker has a low trust rating and customers have made numerous complaints. They say CryptosPair keeps putting pressure on to make more trades but makes it difficult if not impossible to withdraw money. 

There Are Some Problems with CryptosPair

This is the behavior of a typical broker scam. First, they will provide no proof of a license and yet make assertions of having clients all over the world. Second, they have been flagged by regulators and have a low trust rating. Third, there are many customer complaints. Although not all customer reviews are genuine, if no independent reviews validate the broker, there is good reason to at least be cautious and to stay away. 

Red Flags that CryptosPair May Be a Scam

  • No license
  • False claims about licensing 
  • No transparency
  • Low trust ratings
  • Bad reviews

If You Need Fund Recovery from CryptosPair, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with CryptosPair, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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scam reviews 2022

24CryptoBuzz Review

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24CryptoBuzz

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Do You Want to Know If 24CryptoBuzz Is Legitimate or a Scam?

24CryptoBuzz says that its clients can sign up and start making money in “3 easy steps,” which includes signing up, funding an account and starting to trade. It also claims to make $5 billion in transactions and $3 billion withdrawals. However, 24CryptoBuzz has no license and hasn’t been reviewed positively by any financial media. 

There Are Some Problems with 24CryptoBuzz

24CryptoBuzz doesn’t seem to have any  regulatory information, yet it has been flagged by the FCA. Its web content isn’t competently written with generalities such as “best conditions for financial specialists.” The main tip-off that this isn’t a real broker is that 24CryptoBuzz claims to be from “Great England.” The name of the country is Great Britain. Such glaring errors are a tip off that 24CryptoBuzz is most likely a scam. 

Red Flags that 24CryptoBuzz May Be a Scam

  • No license
  • Guaranteed returns
  • No transparency
  • Poor web content
  • Bad reviews

If You Need Fund Recovery from 24CryptoBuzzTalk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with 24CryptoBuzz, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

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scam reviews 2022

Swapnex.io Review

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Swapnex.io

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Do You Want to Know If Swapnex.io Is Legitimate or a Scam?

Swapnex.io claims to offer passive income, but don’t give up your day job for this broker. Swapnex.io says it is “the best arbitrage trading company in the industry.” Avoid language that makes unsubstantiated claims, including expressions like “the best.” This may seem like a minor point but indicates a lack of professionalism. People who visit the site are told about four account types, but there is no regulatory info or anything about who runs Swapnex.io. 

There Are Some Problems with Swapnex.io

Swapnex.io also guarantees returns. This is a sign of a scam broker, because no responsible broker or trading service can promise its clients will make a specific percentage profit, or even any profit at all. There is also no indication that Swapnex.io has a license, which is also a sign of a fake trading service. 

Red Flags that Swapnex.io May Be a Scam

  • No license
  • Guaranteed returns
  • No transparency
  • Overly enthusiastic language about itself
  • Bad reviews

If You Need Fund Recovery from Swapnex.io, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with Swapnex.io, close it and request a withdrawal. If you are not given your money back, contact the Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.