CBC-Finance.ro Review

CBC Finance is a Romanian company. The domain CBC-finance.ro was registered on January 4, 2019 for 1 year. But their previous domain, cbc-it.ro, was registered back in 2017 for 3 years. Their Facebook page, Digital Coins & Financial Matters, was created on March 26, 2015. Is CBC Finance a legitimate company or a scam? Let’s see…

cbc-finance.ro (CBC Finance)
CBC-Finance.ro

CBC Finance Services

CBCFinance offers a wide range of services within the blockchain industry, including:

  1. Trading (“quick money”)
  2. Investment plans
  3. Educational plans & courses (though the link from their site to the education platform seems to be broken…)

It seems like they were also intending to start offering the following additional services:

  1. Blockchain consulting for lawyers, accountants, developers, and law enforcement agencies.
  2. ICO Advisory – for people who want to start an ICO
  3. Crypto asset management
  4. Crypto Payments Implementation
  5. Mining Plans – We provide mining equipment, location and cheap electricity

But all the links lead to a Coming Soon page with an expired count down timer. It seems like currently only trading and investment plans are actively offered. Or they just forgot to update the site…

Deposits can be made via bank transfer (RON, EUR, GBP, USD) or to cryptocurrency wallets including Bitcoin, Ethereum, Ripple, and Litecoin. There’s a a flat 2% fee for every non-cryptocurrency deposit made.

Every month, on the 29th, CBC Finance sends out a report with the accumulated percentage for the period 1 – 28th of the month. For users who have reached their lock in period, they send a full account statement.

Withdrawals can be made in USD (cash or wire), BTC, and ETH. If the withdrawal is made within 5 days after the 1st of the month, it is charged with a 5% fixed fee, while if it is made within 20 days after the 1st of the month, there’s a commission of 1% for international transfers, and 10 RON for domestic payments.

There’s also a 30% Performance Fee.

Trading

There are at least three trading products offered by CBC Finance:

  1. Trade Express: For people looking for quick returns, along with a low to medium risk, your funds will be managed by a team of experienced cryptocurrency day traders.
  2. Smartrade: For people looking or wealth, along with a very low risk degree. The longer period allows to generate profits also from compound interest accumulation.
  3. Sure Trade: Benefit from long positions, hard forks, sudden market moves, and developments within the cryptocurrency industry.

With a short lock in period, investing your money into a day trading service which claims high returns may seem tempting. But where is the proof? No proof is shown anywhere regarding investment performance.

Well, there is a Monthly Reports Graph, but it doesn’t specify which investment plans the data reflect.

CBC Finance Monthly Reports
Not very convincing, is it?

Futures trading is also offered. The minimum investment is $250. The maximum may be $1,000. The funding period is 20 days, while the contract period is 45 days. Potential gains are 300-500%. What’s in it for CBC? That performance fee we mentioned earlier of 30% on generated profits…

Investment

With CBC Finance’s Crypto Flex Invest, a 24-month investment plan is created with a monthly payment plan to suit any budget. Possible gains: 20x your investment. Acceptable 10% risk degree on capital invested. There are 3 Crypto Flex Invest plans:

  1. Flex Invest 100 – Invest $100 per month
  2. Flex Invest 250 – Invest $250 per month
  3. Flex Invest 500 – Invest $500 per month for possible gains of 40x your investment over a 16-month period. Risk degree for this plan is 25%.

The company’s revenue equals to 25% of the gross generated profit.

CBC Finance also offers a program called Level Up Investments, a 24 month plan starting from $3,250 to $25,000. The money is allegedly invested for 24 months in lucrative and carefully selected blockchain and crypto currency projects. There are 4 plans:

  1. Bronze – Invest $3,250 to generate a target goal with returns of up to $32,500.
  2. Silver – Invest $4,000 to generate a target goal of $40,000.
  3. Gold – Invest $15,000 to generate a target goal of $200,000.
  4. Platinum – Invest $25,000 to generate a target goal of $500,000.

In the Level Up Investment program a company fee (applied on the profits generated) ranges from 15% for the platinum plan through 20% for the gold plan to 30% for the bronze and silver plans. Moreover, a management fee (appled per year on the total value of the portfolio) is 1% for gold and platinum and 2% for bronze and silver.

Education

Some information is provided, but the service does not seem to be available at the moment.

They are basically offering courses regarding topics such as blockchain and cryptographic systems, cryptocurrencies, how blockchain works, development strategies and how to maximize your profits using cryptocurrency systems, and more.

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The teachers are the same traders that trade for clients of the day trading and investment products.

To join the courses, one must be willing to dedicate one evening a week to attend the course and another 2-3 hours for individual study.

Who is Behind CBC Finance?

8 people make up the CBC Finance team:

  1. Cristian F. Pricop (Executive Director & Trader)
  2. Cristian Dreghiciu (Administration / Logistic Manager)
  3. Alexandra Prodan (Senior Sales Manager)
  4. Anthony Harisson (Business Development Manager)
  5. Eugen Maciuca (Senior Trainer)
  6. Ana Maria Ionica (Office Manager)
  7. Bjarne Virenfeldt (Legal Advisor)
  8. Letitia Stancu (Accounting Manager Strategic)

CBC Finance is a registered entity of CBC IT INNOVATION SRL, with headquarters in Str. Calea Vitan, No. 238, District 3, Bucharest, Romania, registered at the Trade Registry in Bucharest under number J40/7936/2017, CIF/VAT ID: RO37656560.

Address: 3 Duiliu Zamfirescu Street, District 1, Bucharest, RO

Additional address: 97, Vila 1, Iancu Nicolae Street, Voluntari, Pipera, RO

I’m unsure why there are three different addresses listed on the site. Also, 3 phone numbers:

Tel: +40 (0) 21 555 0676

Additional number: +40 (0) 746 106 371

Additional number: +40 (0) 756 022 500

Email: [email protected] & [email protected]

Twitter.com/cbcitromania

Facebook.com/cbcitinnovation/

Review Conclusion: is CBC Finance a Scam?

Overall, the operation seems a bit sloppy, not fully cooked, and unprofessional. On the other hand, there seem to be real people behind CBC Finance. Personally, we would not risk our money by investing with this company. The returns promised seem way too good to be true and without evidence of past performance, we would highly doubt them.

Still, to call CBC Finance a scam we would need some complaints from people who have invested with them.

So please make sure to let us know by commenting below if you have any first-hand information regarding CBCFinance.

Thanks for reading this quick warning, and as always you are welcome to let us know if you have any questions.

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