X2 Crypto Payment Site Reviews is x2cp.site a Scam or Should I Invest

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X2 Crypto Payment Site Reviews: is x2cp.site a Scam or Should I Invest?

X2cp.site Review: Scam or Paying? X2cp Site claims it could make you good profits by doubling your bitcoin in 24hours. How true is this? Is it Legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of X2 Crypto Payment Site, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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X2cp.site Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

X2cp Site is not a legit investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Cryptec Review – is it scam or safe?

Cryptec is presented as the fastest growing global, crypto trading broker, offering over 120 crypto currency pairs, with instant access to the markets provided by a unique, web based trading platform. All of that comes with a choice of five account types and leverage of up to 1:40.

Account type Min. deposit Max. leverage Spread s
Basic Account $250 1:10 n/a
Silver Account $10 000 1:20 n/a
Gold Account $25 000 1:30 n/a
VIP Account $50 000 1:40 n/a
Black Diamond Account $500 000 1:40 n/a

Unfortunately what we have here is a unregulated, offshore broker, so if you are considering whether it would be a good idea to trade with Cryptec, we would better suggest that you read the following review first.

Cryptec Advantages:

Lots of crypto CFDs

Talking about advantages with Cryptec that could be the comprehensive selection of crypto CFDs – as we note well over 100, which they offer with leverage of between 1:10 and 1:40 depending on the account type. Unfortunately the broker does not offer fiat currency pairs so we may also suggest that you check our list of forex brokers, also offering bitcoin CFDs:

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Offshore broker, no license

Cryptec is owned by an offshore company – Point Place Ltd., which we are told is based in the Commonwealth of Dominica. In the same time all payments are processed by Meantech OU – a company incorporated in Estonia.

There is nothing wrong for a broker to be owned by an offshore company, if only they have made the effort to obtain a legit forex license.

And why a license is so important? Because there is no way you can safely trust your money with a unregulated, offshore broker. Unregulated brokers by definition are completely unaccountable for the way they handle your funds, and quite too often such websites simply tend to disappear after a couple of weeks or months, scamming traders with thousands of dollars.

Regulated brokers on the other hand can be trusted, because they have to comply with the requirements of their regulator, as for example, to keep all clients funds in a segregated from their own, protected form creditors, trust account; to maintain at all times a certain minimum operational capital; to file regular reports; to allow external audits and in some cases even to insure their clients funds.

Thus, with broker regulated in the UK by the local Financial Conduct Authority (FCA), your capital will be protected for up to 85 000 GBP, payable in the unlikely event you broker files for bankruptcy. So here you may also check our list of FCA regulated brokers:

Cryptec will charge you an inactivity fee in the amount of 10% of your account balance (or 100 USD, whichever is greater) after just 60 days in which you have not placed a trade, and that is not something a legit broker will ever do. With regulated brokers on the other hand your account might be deemed dormant after no less than 12 months.

And Cryptec also charges withdraw fees, which they reserve the right to change anytime, on their sole discretion.

Trading bonuses are a favorite tool used by scammers as a pretext to cancel your withdraw requests. How? Trading bonuses always come with additional withdraw conditions, as for example some minimum trade volume requirement, which a unregulated broker also reserves the right to change anytime. So you should not be surprised if by receiving a bonus you may never be eligible to withdraw.

MetaTrader4 not supported

As we noted Cryptec boasts to offer a unique, web based trading platform, providing high speed access to the crypto markets. Unfortunately, what they actually offer turned out to be a cheap looking, unproven platform, which lacks some basic functionalities, which traders are well used to with professional trading platforms like the MetaTrader4. You can see the Cryptec platform here:

Unlike the Cryptec platform MT4 comes with a fine pack of advanced charting tools, well over 50 integrated market indicators, and trading robots with the help of which one can easily run automated trading sessions. Here you may also check our list of broker, supporting the MT4:

Our best advise is to avoid unregulated, offshore brokers like Cryptec altogether. As we already discussed such brokers are totally unaccountable for the way they handle your money and what is even worse – their offshore status makes them more or less anonymous and extremely difficult to sue.

So, when choosing a broker make sure it is duly licensed and authorized by an official national regulator such as the FCA in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) – as of today the three most popular regulatory hubs in the forex industry.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Cryptec

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

terrible money losing expeirence

i was talked out of $2750 i asked next day to stop everything and i wanted and needed my money back. good luck with that !! i live on $1350/month pension.

Too good to be true

DON’T BE TAKEN. After loosing all my hard earned Money with Cryptec,they keep calling me promising to build my account back to where it was. and after doing a few trades and gaining some ground then the conversation begins to head towards investing more funds to get you back on to the chopping block!! Do not be taken by this SCAM. We all work way to hard for your $$ to just watch it slip away.

Be Aware.

BE AWARE. Cryptec will get you to invest your hard earned money and promise easy trades and it’s to good to be true. They try to get you into the next level so you get higher trading power,new traders (VIP) will call you and next thing you know all your funds disappear,you can hear them partying in the background on you buck I’m sure,then ask you who did the trades and try to blame you for bad trades and try to get you to deposit more funds in your account. A trader then offers refunds to try to build up your account. When you try to make a withdrawal you’ll find out the refunds where really bonuses and they have to be payed back before you can receive anything! 7wmnph

Cryptec scam

Cryptec is a scam broker. I was asked to put in US$ 2500.00 and what followed is the Account Manager directed me to take a trade. I lost more than $1200.00
on trade and inspite of my emails to him and Cryptec client support since 7 days, no response. They have all dissapeared. At the end of the day I am to blame to be a victim of these scammers.

Reckless traders at Cryptec

!!DO NOT INVEST YOUR MONEY WITH CRYPTEC!! **PLEASE READ** **BE WARNED**
I initially saw Cryptec’ details on Facebook, and so I inquired and before I knew what was happening, I had parted with $250 USD to start a trading account. Soon after, as in a matter of minutes, I was being asked to invest another $2,250 USD on the promise they will grow this investment substantially and I will have a dedicated Snr Account Manager looking after my portfolio.
I decided to invest the additional $2,250 USD, and for the next week I received call after call from a supposedly “Diamond Account Manager” pushing me to invest another $2,500 USD, and of course, this came with the promise of great wealth. I did not invest the additional funds and had to request that they call off their dog and stop harassing me for more money.
PLEASE NOTE, any investment you make, Cryptec will match it dollar for dollar with a so-called BONUS, but be warned, this BONUS will lock up your funds and make it almost impossible to access them. Unfortunately, I learned this after I invested with Cryptec.
I started doing some trades with my account manager, and we were making some profits, however, the so called “dedicated account manager” is not the only person who can trade with you on your account, as I soon found out the hard way. I had built my total portfolio up to $7,000 USD when I received a call from a Cryptec traded, who I assumed was calling on behalf of my account manager, who requested that we do two trades each for $3,500 USD. In literally 10 seconds I lost $7,000 USD which was everything I had invested including profit. This person left the call immediately and said he’d get my account manager to call me, which did not happen. I was left wondering what the hell just happened, how could this happen.
I finally received a call from my account manager, mainly because I’d posted a review on their business activities. We discussed the losses and why this happened, he promised to help me rebuild my account to gain back the losses, and with this promise I removed the review. I did not hear back from my account manager again.
A week had passed when I received a call from another Cryptec employee, this time he said he was a “Black Diamond Account Manager” and talked about the “halving” which I was somewhat familiar with. This guy told me he would do 5 or 6 trades with me and make back all that I had lost and much more. He asked me to trust him, that I was in the best of hands and he would not let me down, that he and his team would personally be working on my account. He asked that I invest $5,000 USD, I told him I simply didn’t have that kind of money, that I had invested all the money I had with them on the initial investment. He pushed me to invest whatever I could as he would make back what I’d lost, so I reluctantly invested my rent and food money, $1,250 USD. Once the transaction was completed, he told me he would be managing my account and not to log back on for two hours, that he would call me after this time. I did not receive his call and he did not make the 5 to 6 trades he said he would. I also lost that investment, now my losses with Cryptec are $3,750.00 USD.
Cryptec is a SCAM and they will try everything and promise you the world to drain you of your hard-earnt money. DO NOT FALL FOR THEIR LIES AS I HAVE.

Bestinvestment.io Review: Is Bestinvestment a Scam or Legit HYIP?

Best Investment Review: Scam or legit investment? bestinvestment is offering enticing investment plans. Is bestinvestment.io paying? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

BESTINVESTMENT HYIP Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?

It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

How To Know a SCAM HYIP

It is true that most of this high yield investment platforms look like the real deal, thus confusing us. The truth is that there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

bestinvestment.io is not a sustainable investment platform. Don’t be deceived by their promises.

Conclusion

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Best Binary Options Brokers 2020:
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    Binarium

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    Sign-up and Get Big Bonus:

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    Binomo

    2nd place! Good choice!

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