CMECoins (cmecoins.com) is an investment company which promises to double your funds every hour. As you can already tell, this platform is a fraudulent scheme which exploits the gullibility and the greedy nature of the newbie investors.
After carefully examining their platform we have enough proof to label them as a fraud operation. Read our complete review to find out why should stay away from these bunch of scammers at any cost.
License and Contact Details
CMECoins represents an ICO which gathers the resources required for trading various assets from a private group of investors and in return provide them with a fixed rate of interest on their capital.
When we were checking if they are authorized to carry out these activities, there weren’t any supporting evidence. We have confirmed through FCA this firm has never been licensed which means they are operating outside the law.
There are details about this company’s registration documents on their website which is just another deceptive trick to fool you into thinking you are dealing with a reputable firm but know that they have no right to collect money from others.
Here are the contact details of this firm:
Address – 4 Luke Street, London, United Kingdom, EC2A 4XW.
In the About Us section of this website, this firm has put up details of many people who are allegedly working for this firm. When we tried to find any information about them on the web, we could not find anything relevant.
Featuring stock photos with some random names is an effective trick used by fake investments to appear trustworthy and that is the case with this platform. Why would they lie to us unless they do not want us to find something about them?
How does CMECoins Work?
This company states that it uses some sort of algorithm which has a very high winning percentage and as markets change, the software is said to be self-adjusting by opening a combination of long and short positions.
There is no autotrader or software which can ensure profits in all type of markets and this narration is not providing sufficient insights about their trading system. They have not revealed what indicators or fundamental events affect their trading decisions.
Since there isn’t any evidence or trading history of the previous accounts handled by this firm, we believe that they have nothing but empty promises to offer the clients. To put things into perspective these crooks are asking for your money without giving you any assurance or proof of generating returns.
Trading is by far, the most lucrative ways of making money online. All you need is a laptop with an active internet connection and strict discipline in following any strategy but the fact about trading is that it is simple, not easy.
If you try to shoot for high targets without focusing on risk management your account will deplete very quickly. These fraudsters offer 210% hourly which is not possible regardless of which method you choose and is a false claim.
Take a look at the kind of profits they claim to generate:
Returns – 1.16% to 1.40% Hourly
Duration – 90 Hours
Minimum Deposit – $5
Returns – 2.75% to 3.55% Hourly
Duration – 40 Hours
Minimum Deposit – $300
Returns – 12% to 18% Hourly
Duration – 20 Hours
Minimum Deposit – $3,000
Returns – 160% to 210%
Duration – 10 Hours
Minimum Deposit – $10,000
The main motive behind every fraudulent company is to make money and to grow their revenue, they have to expand their reach. This firm offers an affiliate program wherein the online marketers who chose to promote this service get certain percentage of the deposits made by their referrals.
In addition to the monetary rewards, the affiliates are also provided with custom promotional tools which will help in pushing their sales numbers. It is not compulsory for the affiliates to be an active participant of the scheme.
According to whois.com this domain was registered on 04/07/2018 and it expires after one year.
This service claims to have more than 2000 investors which might be true as they get a lot of traffic.
CMECoins.com ranks 37,229 in Russia and has a global rank of 367,633. The majority of the users coming to this website are from Russia, India, Venezuela, Iran and Ukraine.
Deposit and Withdrawal
The minimum spend is $5 and the minimum payout is $0.10. The mode of payments accepted by them are Bitcoin, Litecoin, PerfectMoney, Payeer, Ethereum, Bank Wire, BitcoinCash, Dash, Dogecoin and advcash.
We do not know whether there are any fees applicable on withdrawals. They state that the withdrawals are processed instantly.
Is CMECoins Scam or Legit?
Considering all the fake claims and twisted stories the answer to this question is an obvious scam. This platform is a ponzi scheme which happens to have a convincing back stories but do not get carried away by any of that.
They basically use money gained from new investors to pay the old ones and they will keep on doing this as long as their marketing team is able to match the supply and demand but ultimately the whole scheme will bite the dust.
CMECoins Review Conclusions
CMECoins appeals very professional but websites like these are truly hard to detect for most people but rest assured this firm is in direct violation of law. Cryptocurrencies and pretty much all the trading assets have a potential of making money but that does not mean you are guaranteed to be successful within few hours.
Before you deposit into platform like these hosted by criminals in disguise, acquire some fundamental education about the markets, so you can easily detect all the lies sprinkled across many platform like these online.
Do you have any first hand experience with CMECoins.com? Feel free to share your opinion by commenting below.