Caserpay is an online investment platform which supposedly generates high returns in the long term and offer a wide variety of opportunities to the investors. This firm consists of a group of trading professionals who claims to have time tested strategies which ensures their profitability while keeping a diversified portfolio.
This platform offers returns of up to 8,400% which is a major red flag which proves that this service is nothing more than a get rich quick scheme. This fake investment platform is steadily gaining popularity and has scammed thousands of investors till date.
Read our complete review to know why you should never indulge with this firm in any way.
License and Contact Details
To protect retail investors from falling prey to online scams many precautionary measures have been taken by regulatory authorities. Firms like Caserpay basically raise money from the general public and provide them with fixed predetermined returns after certain time period. When we were trying to find any certificates confirming licenses this firm should there weren’t any.
Though this firm claims to be situated in the United Kingdom, we were unable to find any information about them on FCA which means they are operating illegally.
This firm has featured an incorporation certificate on their website but do not be fooled by that. They have no right to trade on your behalf or to provide investment advice.
Here are the contact details of this firm:
Address – 26 Granville Close, Duffield, Belper, England, DE56 4FY.
Phone – +441632960330
Email – [email protected]
The support team can be reached through a contact form provided on their website. They are operational from 09:00 AM to 09:00 PM UK time.
How does Caserpay Work?
This firm is supposedly involved in trading forex, stocks and cryptocurrency. They state that the volatility present in the financial assets can be predicted with certain trading strategies and by maintaining a diverse portfolio while minimizing risk.
This narration is very general and not something which gives you a sense of confidence. In reality we have no clue about what indicators or parameters are considered by them before executing a trade. Since the names of the so called expert traders are not revealed, we do not know the stats of maximum win rate and drawdowns achieved by them over the years.
There is no demo account or any sort of trial period which means you cannot test their trading system without risking your hard earned money.
What kind of returns are advertised by Caserpay?
Trading is one of the most lucrative ways to earn a living but that does not mean that it is very easy. Unless you know the financial instrument well and have a back tested strategy in place, chances of making a profit is very low.
Often newbie investors look for an easy way to overcome these obstacles by investing in some fancy get rich quick schemes commonly found all over the internet.
Here are the complete details about the investment plans these firm offers:
Plan 1 – 20% Hourly for 6 Hours
Plan 2 – 12% Hourly for 12 Hours
Plan 3 – 200% After 2 Business Days
Plan 4 – 450% After 5 Business Days
Plan 5 – 1100% After 10 Business Days
Plan 6 – 2800% After 25 Business Days
Plan 7 – 8400% After 65 Business Days
The main goal of HYIP service like this firm is to earn as much as they can through registrations before fleeing away with your funds. To grow their investors pool they offer an affiliate program wherein individuals are given a flat percentage of cumulative deposits made by their clients.
For the affiliates who bring enormous traffic to their website, they are promoted and given higher percentage of commissions. Note that the affiliates do not have to be an active investor in order to collect their rewards.
According to Whois.com this domain was registered on 26/04/2018 and expires exactly after one year.
This website has a global rank of 736,640 and it ranks 48,548 in Brazil according to the data provided by alexa.com.
The majority traffic to this website are coming from Brazil, Singapore, Iran, Pakistan and Mexico.
Deposit and Withdrawal
The minimum deposit amount is $1 and the minimum withdrawal amount is $0.10. The deposit and withdrawals are free. The e-currencies accepted by this platform are Bitcoin, Litecoin, Bitcoin Cash, Dash, Ethereum, Dogecoin, PerfectMoney, Payeer and advcash.
They state that the withdrawals are said to be credited within 30 minutes but sometimes can take up to 3 business days.
Is Caserpay a Scam?
An obvious Yes,
This platform has nothing but empty promises to offer to the clients. The kind of returns advertised by these scammers are all fake and impossible to achieve regardless of what strategy they follow. Considering the fact that they are operating illegally in the first place the safety of your funds is non-existent.
Caserpay Review Conclusion
Caserpay is an high yield investment program which will go to extreme length to convince you to deposit your funds but be wise enough to avoid pitfalls like this platform who rely on the gullibility of the newbie investors.
Got scammed by Caserpay.com? Please let us know your opinion and feedback by commenting below.
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