Next Coin Market (NextCoinMarket) is a deceptive cryptocurrency site that portrays their platform as a legitimate cryptocurrency investment brokerage.
Relying heavily upon fabricated site elements to appear more legitimate than they truly are, the creators behind Next Coin Market are just as illusive as they are deceptive.
To find out more regarding Next Coin Market AND why you should avoid this scam as a whole, we invite you to read our unbiased review.
About Next Coin Market
Next Coin Market presents their platform as an investment company that is highly specialized in delivering substantial profits for their investors.
They state on their About Us page that they seek to provide the “highest level of profit to our customers.”
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Apparently, their solutions are rendered in many forms such as short-term live scalping sessions to long-term account management and growth structure.
According to their site, day traders from all across the globe are able to use their platform while their team of investors have invested in a wide range of services.
Next Coin Market does NOT appear to be regulated.
In addition, Next Coin Market does not go into detail regarding their team of investors who ‘professionally’ manage your funds for you about whether they are actually licensed to render financial investment advice.
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Which, according to many governing entities, is illegal depending upon where you reside.
While we weren’t surprised at the relative vagueness of Next Coin Market alleged operational model what you discover below may surprise you.
Who is Behind Next Coin Market?
NextCoinMarket is owned and operated by Novomountain Ltd.
According to their Contact Us page, Novomountain Ltd reflects the following address:
28 Dzavaharlal Neru Str., entrance Silver Business Center Sofia, Bulgaria
When we researched the alleged physical address of Novomountain Ltd, it appears that only partial segments of the address are legitimate.
Customer Support
AU +61 283 173461
UK +44 203 318 5045
CH +41 445 083 158
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Next Coin Market can allegedly be reached through the numbers provided above or through their email address of support@nextcoinmarket.com.
In 2017, Next Coin Market allegedly had over $10 million trades executed, over 120,000 active customers along with a trade value in over $10 billion netted – as you can imagine though these numbers are greatly exaggerated.
Account Types
Bronze Account
Balance Required: $1,000 to $10,000
Maximum Trade Size: $5,000
Promotional Incentive: Elite Signals & Higher Payouts
Silver Account
Balance Required: $10,000 to $50,000
Maximum Trade Size: $25,000
Promotional Incentive: Elite Signals & Higher Payouts
Gold Account
Balance Required: $50,000 to $100,000
Maximum Trade Size: $75,000
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Promotional Incentive: Elite Signals & Higher Payouts
Domain Insight
NextCoinMarket.com was registered by Novomountain Ltd on November 27th, 2017.
According to SimilarWeb, NextCoinMarket.com reflected a global rank of 6,878,422 with a UK rank of 1,251,211 as of January 14th, 2019.
Given their pitiful web rankings, it appears that Next Coin Market receives little to no traffic.
NextCoinMarket.com Reviews
While their isn’t much feedback regarding NextCoinMarket.com, the feedback we did come across shared troubling investor experiences such as:
“Got a call from these guys claiming to be making a payment back to me regarding a closed bitcoin account…They must have now sold on my details to other company’s as I have had a numerous amount of withdrawals from my bank since this happened. They are now under investigation. Pure robbing scum bags…KEEP AWAY”
“Hi Brad and Alexander they asked for put money to my account,and I did…I had 2times trading and I won ,again alexander call me and asked put more money,but I told him I can’t and drop the phone…I send withdrawal request and also send mail to nextcoinmarket support ,no one responsible.They took my money.”
“These people scammed me for money,..Avoid Nextcoinmarket…Scam company.”
These reviews can be found at TrustPilot.
Red Flags
- Unverifiable corporate address for Novomountain Ltd
- Reflects a disturbingly poor track record for past investors
- Their site is greatly littered with grammatical spelling errors
- Incorporates fictitious testimonials on their website (see below)
- Does not appear to be licensed or regulated to provide investment options
- They fail to disclose any information regarding whether their investors are licensed
Is NextCoinMarket.com a Scam?
Given the information that we have disclosed in our review above, we believe it goes without question that Next Coin Market is an investment scam targeting cryptocurrency day traders.
Next Coin Market Scam Conclusion
Next Coin Market is not a trustworthy online investment brokerage to consider day trading cryptocurrencies with.
Claiming to support over 100,000 active traders on their platform while market intelligence sites directly contradict and point out how their site receives barely any traffic is just as deceptive as their fake testimonials.
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Under no circumstances should you consider investing with Next Coin Market.
Given the fact that some investors report that this fraudulent investment company fails to acknowledge withdrawal attempts while unwarrantably issuing payment charges to their investors payment methods is down-right theft, unethical and just goes to show you the type of entity Next Coin Market is down to their deepest roots (which isn’t far considering this is an exceptionally shallow scam).
Do yourself a favor and avoid this ridiculous scam before you become another statistic to this deceptive investment brokerage.
Verdict: Next Coin Market is a Scam!
Blacklisted Site: NextCoinMarket.com
We invite you to share any insight, experiences and feedback below.
Their site is now down & gone
Has anyone just had a call stating that legal action has been take towards Nextcoin market and that we can now get our money back all my husband kept saying to the guy every time he spoke was bull…t, bull…t, bull…t I then took the phone and said before we talk to anyone you can email us all the court details stating that this company has been taken to court, with that he said he had a problem with his computer and said he’ll email it all over first thing in the morning and he’ll call tomorrow night phone number came up as London 02038076019 tonight but during the day my husband was called on 02038748146 let us all communicate otherwise someone else will be scammed again no doubt
I have been scammed by them for £24000
Damion and Alexander pairs they are scum, I would love to find them and destroy them and stop them from financially Ripping anyone else like they have me
ATTENTION :- Follow up Scam – see below email recieved November 2019
From: finance service
Subject: NextCoinCrypto
Date: November 2019
Dear XXX
I really enjoyed our conversation, thank you for being so receptive. I understand its hard to trust when you have been burned before.
One Geoffery Rosenbloom is owed 1BTC by the NextCoinCrypto finance department.
You must create a wallet and then connect this with your online banking with a holding transaction. The transaction is 20% of the amount owed. Once done you will receive the full amount of 7,197 GBP within 30-60 minutes. The amount has already been tax deducted. The holding transaction can/will be sent back to your bank account at the same time as you receive a full refund.
Check out this link and make sure to contact your bank but remember to not inform them of what you are doing with BTC.
btcbit.net
anydesk.com/en
David Roberts
Senior Financial Representative
The refund websites propaganda is just that.
They will not help.
The Banks won’t help.
The so called investigators rip you off.
So the rip offs get away. One day they probably wont then they will scream and will get away with it anyway because the so called watchers dont!
Anyone here just had an email today from nextcoin from a David Morgan saying they want to refund monies & close accounts down but needs to speak to you first ?
Great result today – the UK Ombudsman made our bank agree to repaying the entire amount for which we were scammed. If you have not already done so , may I recommend contacting the Ombudsman.
This sounds very positive. I have been scammed for £ 17000 by these scumbags.
I don’t understand how the ombudsman can force the bank to refund the money but I’ll try it anyway.
David.
i might contact the ombudsman in australia to and see if i have any luck. the bank did hold the monies when we sent and said, its overseas, are you sure, so i dont know if i will have any luck
cheers
the money we paid to Nextcoin was transferred from our UK bank to an account owned in Holland by a intermediate money transfer company based in London. They must have had Nextcoin as a client. We contacted our bank after reading in the papers that banks had agreed to refund victims of complex frauds. After about 5 months of chasing our bank offered us a few hundred pounds compensation. Rejecting this we complained to the ombudsman and he did a fantastic job for us. The argument that he put forward with the bank was that they should have looked into the transaction more closely as it was clearly out of character for us. Although not immediately obvious the investment was a scam, they should have made us aware of the risks . If it had queried the transaction with us before letting it go through , its likely that we would not have made the transfer for the investment this avoiding loss. In the end our bank agreed to refund our entire investment sum. Every case will be dealt on its own merits of course, but contacting the ombudsman certainly helps us.
Thanks for the heads up with the ombudsman. I will give it a try. It would be great to get something back from somewhere.
Cheers
David.
Any luck in getting your money back?
What happened in court
Dear Elizabeth i can assure you we are decent not one of us has been able to make a withdraw how come you have.
Deceit, trickery, coersion,What made it worse I gave more to reach my ‘trading goal’ just so that i could make a withdrawal. Which they said i would have by the end of the week. That was 3 weeks ago . Now Brandon Gates is saying I have to open a different acc because my bank wont change bitcoin,Yet I was trying to withdraw EU$ from my Trading Balance. Brad Weber told me when the trading is done, the Bitcoins I paid for are not mine anymore as they are now part of the ‘cash’ withdrawal. They change their story to fit the circumstance . Liars , cheats and thieves. I want them found. david
THIS ASSHOLE IS DESTROYING PEOPLE’S LIVES. DO SOMETHING ABOUT IT ,,,HE is only a person or a small group. But so are all of you?????????????.
I am David, have just realised that I have been scammed by Brad weber, Lukas Fisher, Brandon Gates, . I have been stung and I need to sting back. These are people somewhere so they can be found. I believe they reside in Swtzerland. No public chatter, must assume working aliases. Help me find them.
How & what can you do
Not relying on the legal system for assistance . Though I have almost no money left, whilst I get a kit together, I shall be gathering information and when I have enough intel to locate one person from that group…….I’m sure things will go faster. I am looking for Johnathon Kirby; manager brokerage dept NCM, Alexander Pierce, Brad Weber, Vincent Moretti, Brandon Gates. All involved in this scam(These names maybe aliases)David
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Careful! new scam from these future jailbirds! They are calling clients to tell them they are closing down and want to repay their customers. In order to do so they need to gain screen control of the clients computer to show them how to set up the repayment process. Obviously do not let them anywhere near your computer or it could be game over for you in more ways than one.
Yea had that as well 3 times they will try to extract if you let them in. doesn’t matter weather crypto wallet or your bank accounts details.
Just had them call again always a nova scotia number want to refund via my pc its all BS didn’t even know how much i had in my account so could very well be another company trying a scam on the back of nextcoin as Brad told me when first happened this now fourth time tried with me
The money is gone. They are not real and its all make believe. Only in recent months have they been found out to be nothing but scamming fraudsters, low lives with nothing real or pure to live for. They don’t see you or me as another person or human being, to them its just one day by day and what they can get, as they would sell there own mother for their own benefit. Stop investing money and then you stop their cash flow! Then you will see or hear how they speak and react to you with great hostility and vengeance they will come out aggressive and threatening. Now exposed, these criminals will dissolve and spread into other areas of crime. The best what I believe is to put extreme pressure on your bank to investigate so they work with authorities to prevent all middle party payment processors from allowing the funds to be sent offshore or abroad.
I followed the paper trail with my bank for a while but did not get very far as they are keen to hide behind ‘client confidentiality’ . What I did find out however, is that the account we paid our money into was owned by JNFX Limited. I think they are what you call a middle party payment processor. When I approached them they gave out little information of value, informing me of the limitations of information they were allowed to give out to third parties. All very convienient and helpful to the people that use their services. If you have some time look at the testimonials on the JNFX website.
I spoke with a private Investigations firm in the UK that featured in a Times report , specializing in cybercrimes some while back. It can cost a fair amount of money to use their services and as they say there is no guarantee of success. I was offered an initial package to do some basic investigation with the option to increase the package if I wanted to . Alone it was to much , considering the chance of success, but if a sufficient number of victims pooled together then the risk / return ratio might not be so bad.
How can they actually help to get it back through what means
The refund websites propaganda is just that.
They will not help.
The Banks won’t help.
The so called investigators rip you off.
So the rip offs get away. One day they probably wont then they will scream and will get away with it anyway because the so called watchers dont!
Hi David, I was in exact same situation as you are in right now. Had made up to 123.000 Euro, with the initial investment of 45.000 Euro.
One of the executive officer gave me a call and asked for the investment of 7.000 Euro. I got bit skeptical about the whole situation, however after they finally convinced me and helped me to invest, I could gather half of the funds back to my bank account and with the rest of the funds I’m still trading. Sometimes their attention is bit overwhelming, however I can’t complain about the results they give me. Hopefully will continue working with them for a long time.
What ! Your saying you got some funds back, You had 123k in there & deposited another 7k to get back 62.5 k this all sounds far fetching since none of us has been able to get any out, do you work for them ?
No Dave, not work for them
However till today I am still working with them, had just made profits on BTC price going up. I don’t know how or why situation went so badly in your cases but in mine everything seems to be alright. Will request additional withdraw at the end of May.
Situation gone bad ? my account now up another 22k from my trading, can make a withdraw no bloody way.
Suggest you ask for withdraw now then tell us all of your results.
Elizabeth how did you get on with your end of May withdraw request from them
HI Dave
I have contract made with them, that provides me with the interest payment of 15% every month, therefore I receive up to 15.000 Euro at the beginning of every month. I asked to my broker about reviews I am reading. I don’t know if you guys are decent or just other company trying to lower down the reputation of Nextcoinmarket, as I myself never had any problems rather than sometimes waiting longer than expected, for my funds to arrive.
ELIZABETH STUART, Would you be good enough to give as much details as you are comfortable with to help me find these scammers, who tricked $50,000 from me, and ‘deal’ with them to show them the error of their ways. With enough bits of information I think I can find them. David
I had a long phone call from someone called Johny said he is from recovery company and will recover the money I lost with another company. He was very insistent even aggressive he wanted me to sign into my bank account whilst he was operating the computer. When I refused he got very annoyed even called me a liar when I said I had no money.I hung up and he still call and email me. I cannot understand how such individuals can be so vindictive and dishonest..
I had the same saying they were going to pay my withdraw request into my bank account online but they tried to take it out i managed to stop them also they tried twice more . Scam
same thing here they want same amount of money in account your withdrawing to, How are these people allowed to operate?
I have been trying to get my money from
Nextcoinmarket for three months now but they refuse to send to me unlessI pay them an income tax amount first. I am told that I do not have pay tax this way and it comes off my normal tax return but they still will not pay even though I have told them to do as other companies do and take a payment out of my account money.
They say they can’t do that so I am now taking then to court on the 8th of July in BODMIN court at 10am. But I still cannot get any satisfaction or answers from them even though we are both going to end up with
Large court costs.
I would not recommend this organisation to anyone at all and if you are considering investing in bitcoin organisation steer clear of these robbing bastards they are not worth considering at all under any circumstances
How do you expect a court over here will be able to enforce a verdict on
them when they are abroad
Would you be good enough to give as much details as you are comfortable with to help me find these scammers, who tricked $50,000 from me, and ‘deal’ with them to show them the error of their ways. Especially information that might lead to their physical location. With enough bits of information I think I can find them. David
What happened in court
Have just had a lengthy call from Vincent Moretti of this company who told me that the scam lines are rubbish and not to be trusted and that people complaining that they have lost money are telling lies. He says that people cannot get their money back because although they have put in a lot of money and traded with them, they refuse to send in their documents so this company cannot send them back their money. He got very annoyed and shouty and I would not want to be involved with him. I invested nothing but he says they gave me $250 yesterday and it has now gone up to $700. Sounds highly suspicious. Not a nice company, and I believe the scam lines more than I believe him. Good luck with getting your money back. I have been scammed by Itrader and lost £20000 so I am wary.
Help I have just invested 250 I hadn’t looked at these revews before now and i feel sick . Im a single parent and do not know wot on earth i can do now
how did you pay them
Any joy with anyone through investigations, police etc,
court action
Official Warning from the FCA
fca.org.uk/news/warnings/novomountain-ltd-trading-as-next-coin-market-next-coin-nextcoinmarket
I need to know about this site….
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I am currently putting together a legal case against companies like this on myscamexperience. I believe the more we are the stronger our case, I believe by sharing our reviews we can help others avoid scams like this.
Nextcoin Market is not registered with the FCA , but in my case there is a connection between them and a payment handler that is FCA registered. I spoke to the FCA and they showed interested in the activities of Nextcoin despite the fact they are not registered with them. Although its propably outside the powers of the FCA to become involved directly my hope is that they share this information with the Bulgarian authorities.
Has anyone got any money back? Why dont the FCA or police stop them trading? They (Alexander first and then Brad an American) contacted me and said they were taking over the Golden Markets accounts, another scam company whose owner, an Isreali had been arrested for massive fraud in Bulgaria. They then browbeat me into paying 300 euros to activate the old account. I guess I can write this off and my initial £250 with Golden Markets. There seems to be more scammers out then than legit firms. AVOID!!!
I am currently taking Nextcoinmarket market to court over their failure to pay out my 18,000 euros I have been sending emails to them for four months now with the only response being that I have to pay the tax before they will release. This means that when you declare it you end up paying tax twice. I have been told that what there doing is illegal so we have a date for their court appearance but will they attend and if they lose will they pay as you cannot get them to respond at all. THEY ARE UTTER SCAMMERS AND ROBBERS AND SHOULD BE ARRESTED AND JAILED. DO NOT USE THEM AT ALL UNDER ANY CIRCUMSTANCES.
Yes i had same experience i have built my account up to 60k & cannot get any money out they even told me this site is a scam revue. how are you taking them to court as they registered in off shore haven. There’s no tax due in the EU due to spread betting rules its all BS. Its only the US that taxes trading Forex & crypto’s
Please let us know how you go. We invested and were a bit worried about losing it and if we lost it knew it wouldnt kill us, but now i am more pissed off then worried about losing the $$.
Several times they tried getting more from us, even got a lady telling us to take loans. Thats when we asked for monies back and never heard back. Has anyone heard from them recently? I havent heard back since christmas.
Hi David,
They scammed my father out of 50 Thousand. My father suffers from early stages of dementia & they took advantage of this fact. They are very much still operating.
David, I am also David, have just realised that I have been scammed by Brad weber, Lukas Fisher, Brandon Gates, . I have been stung and I need to sting back. These are people somewhere so they can be found. I believe they reside in Swtzerland. No public chatter, must assume working aliases. Help me find them.
How were you stung? What was the scenario?
Hi Graham,
Have you had any luck in getting any type of real contact information for them? My father was scammed out of a huge amount of money. If you know anything more in the way of contact information for these scammers other than by email or there fake phone numbers (DID numbers) I would love to know. My email is bladex79@gmail.com
I have recently invested money with Next coin market. I was approached by a guy called Branden Gates. Initially i only invested e300. He next contacted me to inform me of a deal that they were doing with NASDAQ. He said that i would buy Bitcoin @ e3450 each & that on completion of the deal that NASDAQ would be paying a minimum of e10,000 each for them.I bought 6 Bitcoins. While i was waiting for the completion of the deal the company (Next coin market) were trading my money daily.I was contacted by a new person at next coin market called Chloe Thompson. She said that she was now in control of my account. she said that Brandon gates had been promoted & that she was my senior account manager. She said that the deal was complete & that they sold them to Nasdaq for a total of e76000. This left e33000 in my account spare. she said that I need to pay the commission to Nasdaq of e5000. When I asked why she didn’t take the e5000 from my account & send me the balance, she said that she couldn’t do that & that I have to pay it separately. My account stands at e109,897.00 & apparently i can’t have a single cent until I pay them another e5000 commission. This is most distressing. Does anyone on here know what if anything I can do to recover my money. Even if it is only my initial investment.
Its just another tale to scam more off you don’t fall for it.
David, I am also David, have just realised that I have been scammed by Brad weber, Lukas Fisher, Brandon Gates, . I have been stung and I need to sting back. These are people somewhere so they can be found. I believe they reside in Swtzerland. No public chatter, must assume working aliases. Help me find them.
I have there my account with 767 Euro. Should I forget it?
In the first week they helped me with some trades, but simce 5 Month I hear nothing from them.
you can trade yourself but its only a video game
No so what happened to you then as was bitcoin paid to them
Our initial payment went into T1 Holdings (FZE) at ING Bank in Amsterdam. Did anybody else share this experience?
If you paid by debit/credit card then get onto bank if they not supportive go to mycharge.com they charge up front fee + 20% of recovery but persist with your bank / card co first
Thanks Dave
Unfortunately we paid by bank transfer and our Bank is about as active as Nextcoin themselves when it comes to responding.
Charlie Zero,
I share exactly the same experience, transaction to ING Diba in Netherlands. Account Holder is T1 Joldings FZE, the Scamming Platform is Alpha Capital and Stella Markets. What have you done to geh the money back? What du you suggest? Any experiences .
Peter
AVOID..
Yes they are scammers have been blocked from trading have a lot of money in account been told i need to invest more to reactivate account hence also told i can not withdraw either why can’t authorities do anything about them.
Thank you for your comments. I have to agree with you totally and am trying to find other ways to let people know. The most popular seems to be Facebook and when I put a comment on there they then got in touch. But too success they just lead you on and robbing you of everything. So be careful all of you out there
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We opened a trading account with nextcoin market and were given a trading advisor going by the name of Frank Anderson based in Zurich with whom we were in daily contact with by phone and email. Some while later we were given a cock and bull story that Mr Anderson was involved in a accident and that his replacement was a person going by the name of Charlie Jacobs. Within only a few months our account had grown by 66% in value. Ok – we should have known that was bullshit , but they are good at spreading it. When we instructed Nextcoin to repay our initial investment thats when we knew for sure that something was not right with this mob. Although we chased for repayment they had some simpleton from their (no) accounts department who told us that they did repay but we had given them incorrect transfer details and that the money was stuck somewhere. The funniest thing is that they called in the last couple of days to say that if we increased our investment they would be able to unstick the stuck money and repay us. Anyway they are thieves that stole our money and are looking to steal more. Nobody in a position to prevent them from continuing this scam seems to give a monkey, neither the anti fraud authorities, Nextcoin banks , the Bugarian authorities,nor their hosting website. You are trulely alone out there. Be careful.
I am David, have just realised that I have been scammed by Brad weber, Lukas Fisher, Brandon Gates, . I have been stung and I need to sting back. These are people somewhere so they can be found. I believe they reside in Swtzerland. No public chatter, must assume working aliases. Help me find them.
Nextcoinmarket are rubbish be very careful and don’t use this organisationas theywill takeyout money but will not pay you back whenyowidhti withdraw.
Cant. Even get an answer on either the phone or email they just ignore you
If you do get through they want you to s major amount of money which the say is tax. But it’s a large sum andthey are not ready topsyyou back at all
THEY are bloody rubbish and rovers keep away
I was contacted by the same name today, purporting to be my new account manager. Any info would be much appreciated, as I have instigated investigations through the police, fraud office and my bank. Any helpful info at this stage would be most helpful in claiming back clients money and making sure these scumbags are bought to justice.
very big con man. do not trade with this company. you do not get your money back… very bad bussinss scam scam scam. the man claims to be damien montgomery from bern in ch. not to be trusted