Coinmalex.com Review 5 Reasons Why Coinmalex Investment is Risky

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Coinmalex.com Review: 5 Reasons Why Coinmalex Investment is Risky [Revealed]

Coinmalex Reviews: A legit investment or another scam? Read our reviews to see what experts have to say about Coinmalex Investment. This website promises to grow your money. Is Coinmalex.com a legit investment? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams.

In this review, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What Is Coinmalex- Is Coinmalex.com Paying?

Coinmalex.com is the new investment platform swooning heads with its enticing investment offer. They claim they can make you 100% in just 5 days. However, there are no proofs to this claim. There is nothing to make us believe they will keep their end of the bargain. Their website is pretty convincing, and has seen many people registering to the platform.

Should you invest with Coinmalex? Is this investment genuine or fraud? We hope to answer these questions. Meanwhile, always have it in mind that some platforms might try to convince you to invest in this platform. However, the truth is that they might not be concerned about your end, rather they are keen on their commission as an Affiliate partner.

So, take your time to go through this review. We bet you’ll find concrete reasons that will help you make a decision about this investment.

Coinmalex.com Scam Review: Disturbing Things Found

Though this site might appear legit to an untrained eye, the truth is that it is just a wishy washy HYIP just like Flamebit, it is designed in such a way to convince unsuspecting investors.

They are trying every means to make this platform look legit but this is simply a marketing strategy meant to make you lower your guard. When we went through their entire website, we couldn’t find any raw data about the strategy they follow or the performance reports of their so called expert traders. None of their achievements are documented and worse of all, they do not have any specific mandate to follow.

This simply means, Coinmalex is like every other HYIP. It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested.

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Thus, the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. However, the system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially. Why spend your time on HYIPs when there are other legitimate and sustainable ways of making money?

Reasons Why Coinmalex.com Is Not an Ideal Investment Platform For You

Many HYIP monitors wouldn’t tell you how this system works, even trusted hyip monitoring sites wouldn’t be quick in telling you that some of these HYIPs have a very very short span life. Below are reasons why we think it is not the best investment for you-

  1. Coinmalex is unpredictable. The returns are unrealistic. Common, how would they be able to keep shooting out that amount?
  2. We couldn’t come up with those behind this platform, notwithstanding the extent of our thorough investigation.
  3. Coinmalex.com works with some HYIP monitors. Their affiliate program is lucrative, so even top 10 trusted hyip monitors would promote. Hey! don’t let your guard down.
  4. There are no Financial Authority acting as a watch dog over their actions, so they are not bounded to any regulation, and could do as they please with your hard earned money.

You might probably think you should give it a try, but the truth about investment platforms like this is that, they have smooth talkers that would make you invest more than you bargained.

You might end up registering for more than one plan. Because, common it is the nature of humans to want the best. By the end of the day, you are left dry and empty, another sob victim.

Is Coinmalex.com a Scam or Legitimate Investment?

Though they provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries like the USA are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

The truth is that even the longest paying hyip would one day flop. The system is not sustainable. Why waste your time and money when there are legit and paying bitcoin investment sites? You could even start forex trading with the help of trusted brokers.

Coinmalex.com is not a trusted Investment Platform

How To Know Investments Scam Formats

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Coinmalex Review

In this review, we will describe why Coinmalex is a scam that you should avoid at all cost !

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Is Coinmalex Legit?

Coinmalex is an unregulated Investment Company. Problem with unregulated Investment Companies is that they are not reliable and abuse the regulations. Make sure to stay away from this Investment Company as they are anonymous and that they can disappear any time without notice.

To make sure you are dealing with a regulated and known Investment Company, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why Coinmalex is a dangerous Investment Company to deal with.

Are Funds Safe with Coinmalex ?

With such lack of information and Coinmalex being unregulated, funds are not safe. Security of funds is a huge problem with unregulated Investment Companies. A red flag that we noticed is Coinmalex is withholding vital information to users.

Coinmalex could go bankrupt from one day to another since there are no banking information about this Investment Company.

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Coinmalex Review: our Conclusion!

Coinmalex is an unregulated Investment Company to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.

MFSA Hunting Down COINMALEX, Crypto Foxtrades

March 31, 2020 | William T. | 2 mins

The MFSA exposes Coinmalex and Crypto Foxtrades in false claims of possessing license for operating in Malta.

The chief financial regulator of Malta “The Malta Financial Services Authority” (MFSA) has stated the names of crypto companies claiming to be operating under the Maltese law with holding a license. The MFSA is issuing a warning directly towards investors to be aware of potential false claims when it comes to any involvement with crypto companies.

Two companies that have been falsely claiming to be licensed and operating in Malta are the crypto platforms “COINMALEX” and “Crypto Foxtrades”.

Their websites and marketing materials claim such conditions for operating. Crypto Foxtrades claims on its website to be “licensed and regulated as a Category 3 Investment Services provider by the Malta Financial Services Authority” alongside a document that appears to be from the Malta Business Registry while its authenticity is still questionable. This category is real but the MFSA claimed that the platform is not licensed under such category.

COINMALEX seems to have the exact same document on their website, as well.

The regulator has been operating since 2020 in taking out crypto scams and frauds. They issued a statement to both platforms that states the following:

“The MFSA wishes to alert the public, in Malta and abroad, that Crypto Foxtrades is NOT a Maltese registered Company NOR licenced or otherwise authorised by the MFSA to provide the service of an exchange or other financial services which are required to be licenced or otherwise authorised under Maltese law.”

There is still no commentary on the case by both companies.

Until October 2020 these applicants were operating under transitory provisions set in the Virtual Financial Assets Act which holds rules for crypto companies. Those who want to continue providing their services can apply with the MFSA.

At BestBitcoinCasino.com, we believe that regulation is an utmost importance and we are pleased that financial authorities in Malta take the needed steps in order to assure safe environment for the crypto community.

As recently some countries widely opened doors to cryptocurrency and with the latter becoming massively used in sports betting and online casinos, licenses such as the Maltese one are necessary in order to provide transparency and credibility to the iGaming business.

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