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.
