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JoinDeposit Review

Joindeposit.com - Scam Review

JoinDeposit (joindeposit.com) is an unregulated investment firm which claims to generate returns of over 5,000% every 10 days.  As you might have already guessed the returns claims are all outright lies. When we took a thorough look at their firm and the work model they follow, there is no doubt that this is an over blown fraud which is going on for more than a year now.  

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Before you send your money to this firm, read our complete review which will save you from getting looted.

License and Contact Details

Simply put JoinDeposit is an ICO which raises capital from individuals or general public for trading activities, in return the investors are entitled to certain amount of profits depending upon the terms of the contract agreed by both the parties.  

While we were trying to check the legitimacy of this firm, we couldn’t find any licenses or documents they must possess in order to operate lawfully.  Since they are also reluctant to show any registration details, they are probably operating illegally and are just aligning their pockets with the investors deposits.

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The only contact detail put up by them is an email address.

Email – [email protected]

How does JoinDeposit Work?

This firm claims to have developed a proprietary trading system that not only brings continuous profits but also minimise risks by having a diversified portfolio.  

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They further state that precise adherence to the principles of money management and competent technical analysis of different markets allows them to increase their funds steadily.  If you have traded before or have basic idea of how markets work then you will easily figure out that their explanation is very basic and does not make much sense.

The market is like a double edged sword, it favors the ones who know what they are doing and have a proven system, on the other hand it punishes many people by depleting their account within few weeks or days.  If you trust this firm with your money then you are not an investor, you are a gambler.

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Returns Advertised

If you decide to check out the returns top hedge funds, they are usually not more than 20% per year but these scammers claims to generate return of up to 5,000% after just 10 days.  You do not have to be a genius to discover that they are obviously lying.

See the complete range of investment packages they have put up:

Plan 1

Returns – 0.58% to 0.64% Hourly

Duration – 180 Hours

Minimum Deposit – $20

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Plan 2

Returns – 1.12% to 2.15% Hourly

Duration – 96 Hours

Minimum Deposit – $300

Plan 3

Returns – 10% to 18% Hourly

Duration – 24 Hours

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Minimum Deposit – $3,000

Plan 4

Returns – 105% to 108%

Duration – 1 Day

Minimum Deposit – $1,500

Plan 5

Returns – 500% to 700%

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Duration – 3 Days

Minimum Deposit – $3,000

Plan 6

Returns – 2,000% to 5000%

Duration – 10 Days

Minimum Deposit – $30,000

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Referral Program

This firm gives utmost attention to their marketing team.  To motivate the affiliates, this firm offers high percentage of commissions from every deposits made by the investors they refer to this platform.  

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On top of the commissions and perks, the affiliates also get fancy banners and other promotional tools which will help them increase their conversions.  Note that the affiliates do not necessarily have to be an active investor in order to get their payment.

Testimonies

If you go through this platform you will find a lot of positive testimonials about their service.  All the users explain how this firm changed their financial needs forever but rest assured they are all completely manufactured backstories.  

Joindeposit.com - Fake Testimonials

Usually testimonies serves as credibility boosting factor but nowadays many scams are twisting them according to their needs.  All the comments put up are from imaginary persons with stock photos purchased or stolen from other websites.

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Deposit and Withdrawal

The minimum spend is $20 and the minimum withdrawal amount is $0.10.  The payment methods supported by this service are Bitcoin, Litecoin, PerfectMoney, payeer and advcash.  There is no information about the transaction fees. The withdrawals are said to be processed instantly.

Domain Insight

According to whois.com this domain was registered on 30/04/2017 and it expires on 30/04/2022.

This platform is some what popular in the HYIP space.  Majority of the users coming to this website are from Iran, India, Russia, Bangladesh and Kazakhstan.

This website ranks 71,257 in Iran and has a global rank of 677,234 according to alexa.com.

Is JoinDeposit a Scam?

Yes,

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Looking at the lack of transparency along with the poor narration provided on their website, we strongly believe that they are not involved in trading any digital assets.  

Simply put they are a bunch of con artists who lure in people by featuring high returns and pay a small percentage of clients every once in a while but since their scheme is illegal they will get shut down for sure but know one can predict when it will happen.

JoinDeposit Review Conclusion

Trading any markets requires mainly three things which are risk profiling, money management and a solid strategy which ensures higher probability of winning trades.  This platform is nothing but a single sheet sales/squeeze page which is after your wallet.

Seems like these fraudsters are getting extremely lazy and running out of new ideas.  If anyone without proof claims to generate returns which the top investment banks have never achieved then do yourself a favor by avoiding any type of interaction with them.

If you have any experience with JoinDeposit.com, please share your feedback by leaving a comment below.

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