247coinoptions.com Review: Is 247 CoinOptions Legit Or Scam?

247 CoinOptions Review: this is the name of firm that claims to be based in Amsterdam and involved in fund management using cryptocurrency investments. Is 247coinoptions.com a scam or legit firm?

This investment firm does not state the means by which customers are to make profit. It only mentions 4 account types, their minimum deposit requirements and profit per month. Here they are below:

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Silver ($1,000) 20% monthly profit.
Gold ($5,000) 25% monthly profit.
Classic ($10,000) 35% monthly profit.
Ultimate ($20,000) 40% monthly profit.

Trading Conditions of 247 CoinOptions

The website does not offer any information on what is being done with the invested funds. There is only mention of “cryptocurrency” and we see this as a bid to deceive traders and investors.

Because many are just newly discovering online investments, many scammers are using the opportunity to try and dupe innocents. They are in the habit of throwing the names of digital currencies about and using their symbols on their colorful page.

This is then followed with unrealistic gain promises that most times require the investors to do no more than invest their money. They promise a money back guarantee but traders are not to be deceived by this because most of the time, the identities of the owners of this websites are hidden. Funds are mostly unrecoverable with these kinds.

Deposit and Withdrawal Methods on 247 CoinOptions

The means of making deposits and withdrawals are not listed. They are part of the questions in the FAQ section but the links to get these answers are not functional. This is another red flag for this firm.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $1,000 is required to invest and this is quite high. Minimums are generally expected to be within $100 and $250. There is no information given on the charges and fees on withdrawals.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is 247 CoinOptions Licensed?

No. It lacks many corporate details but claims licensed and registered in Amsterdam and China. These are false claims because cryptocurrency is not regulated in China and Euronext is not an Amsterdam commission but a company.

Support

To reach the customer care agents of this firm, clients have to fill an online message request form.

Conclusion

We do not find anything encouraging about 247 CoinOptions and advise traders to not invest their funds with them. There are many details lacking and they would do well to fix these issues before they can be considered an investment firm.

 

 

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247 CoinOptions
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