Kirkland and Felt (kirklandfelt.com) is an all in one investment solution which claims to be involved in trading and mining cryptocurrency. The founders of this firm are John Kirkland and William Felt. There is no information on these alleged personalities.
Their platform showcase transaction records, but those are all bogus. The returns advertised by them are up to 155% after 28 days.
Trading is undoubtedly an exciting way to earn a living. However, it is not possible to sustain these kind of returns. Before they trick you into depositing with them, go through our review wherein we have unraveled all their filthy agendas.
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Company and Support
All the investment companies indulged with the retail clients have to be regulated. Looking at the way the world of online trading has evolved over the years. It is better to stick with licensed entities, as the number of scams are ever rising.
KirkLand & Felt is an ICO. They raise money for trading and mining activities from the general public. In return, the investors are promised certain returns after some time period. We checked their legal aspect. As it turns out, they are not recognized by FCA. So, they are not only unregulated, but also illegal.
Their website does not reveal any kind of registration certificate. Seems like, they do not care about featuring relevant details in front of the potential investors. The support team can be contacted through email only.
Email – [email protected]
Address – 332 Ladbroke Grove, London, United Kingdom
How does KirkLand Felt Work?
There is no details about what they will do with the funds raised. In their About Us section, they say that their traders have been around from the 1990’s. Apparently, that is the reason for their success. This narration does not make any sense.
We do not have the slightest idea about the indicators they consider or the trading approach they use. They do not feature any information regarding the various aspects of trading like risk diversification and money management.
Moreover, the do not showcase any trading history. There isn’t much to talk about mining either. We do not know the location of their data centres or the type of machinery they employ. Basically, there is no credible proof to support any of their claims.
Plans and Returns
Mining and trading are both exciting opportunities which paves way to make reliable income. However, do not mistake it as a shortcut to acquire wealth. Take a look at the plans they advertise, do they look sustainable to you?
Returns – 7% Daily
Duration – 20 Days
Minimum Deposit – $25
Returns – 155%
Duration – 28 Days
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Minimum Deposit – $10
Returns – 1.25% Daily
Duration – 20 Days
Minimum Deposit – $10
All ponzi scheme require consistent stream of new participants to stay alive. To grow their profits, these fraudsters offer an affiliate program. They pay attractive incentives to any individual who refers more people to their service.
Basically anyone can sign up with them, as they do not care about things like KYC. The commission percentage ranges from 1% to 7%. Operational model of this firm is similar to that of a pyramid scheme. Ultimately, everyone will make money at the expense of the innocent investors.
Below we have gathered the statistics of this website with the help of whois.com and alexa.com.
Domain – KirkLandFelt.com
Registered On – 16/01/2017
Expires on – 16/01/2023
Global Rank – 387,280
Rank in Brazil – 37,004
Majority of the traffic to this website are coming from Brazil, Iran, India, Pakistan and Turkey.
The details of the creators of this firm are untraceable. If they were actually legit, then why are they hesitating to reveal any images of the owners? Moreover, they do not have any credibility boosting factor on their website.
A vast majority of the social trading platforms and reputable services offer demo account. The main reason for doing so, is to make the clients confident and allow them to get familiar with the interface. Since this firm does not do that, on what basis will you trust them?
Kirkland and Felt Review Conclusion
Kirkland & Felt is certainly a fraudulent service. There is no way to earn the kind of returns they promise through trading or mining. If you encounter this firm through any of the online forums, then do not engage with them. Since they are a ponzi scheme, they will get shut down sooner or later.
Do you have any experience with Kirkland and Felt? Share your story by leaving a comment below.