Company Name: Cryptos OTC trading platform (COTP)
Website: cotps.com, cotps.net
Address: 6547 N Academy Blvd, Colorado Springs, Colorado, USA
Warned By: Not Recommended By Brokers Complaint
Cryptos OTC trading platform (COTP) is a crypto or digital currency service platform in which algorithms and artificial intelligence automatically buy cryptocurrencies at a low price and sell them at a higher price. The difference so earned between the low and high is the profit earned. In this COTP review, you will get to know more about their scams.
It is a 100% scam and illegal investment scheme. It is a Ponzi (pyramid) scheme whereby it takes money from the newly formed members to pay the old members. There is no real trading of cryptos. Everything is behind the scenes.
Please do not invest in such a type of scheme. No sooner their membership dries up the system collapses. It is a matter of time as long as it goes on.
Presently it is in vogue because it promises to pay the members 100% (that is 3.6% daily) on their investment monthly. They also assure their members that they will get stable income using high-frequency trading technology. HFT is a program that uses mainframe computers for the transaction of a large number of orders in a fraction of a second. The high daily returns are impossible for any legitimate trading program.
Reasons To Stay Away From COTP
COTP Regulation
It is not a good idea to trade with an unregulated broker. There should be at least one justification for a representative not to have at least one genuine license. Brokers Complaint suggests you regard alerts in this COTP review and keep away from this unregulated agent.
COTP Withdrawal
Money deposit is easy but getting your money back from these unregulated brokers is a big issue! If you are experiencing difficulty getting a Cryptos OTC trading platform withdrawal or having any withdrawal issues, you can contact us. You’ll be associated with specialists that can help you in the fund recovery and withdrawal process from the COTP broker.
COTP Complaints
COTP has been viewed as a problematic broker, and many Cryptos OTC trading platform complaints have gushed on the web about this broker. Many brokers are involved in scam activities which we mentioned in our scam brokers 2022 list. We suggest you stay away from such scam brokers. It is ideal to pick a broker who has a clear trading history and is a regulated element.
More Drawbacks
- No specific digital currency is mentioned.
- Deposits and withdrawals are only through USDT.
- The founder is unknown.
- There is a possibility of ‘rug pull’ anytime.
- You will not find any reviews of the platform.
- The company claims that it is providing payments since 2019 but the website registration shows it was registered in October 2021. According to it WHOIS the company was registered in March 2022. The Twitter account exists since January 2022.
- The website is not secured. There are multiple websites with small variations. The site is poorly designed with many grammatical errors. Presently the website has shut down.
Report An Unapproved Firm
COTP is nothing but a scam that offers fake promises and guarantees. Numerous scam exercises are going on the internet today, and fraudsters are making fake frameworks to cheat clueless traders.
After reading this Cryptos OTC trading platform review, it is clear that this broker is a scam. If you are a victim of the COTP scam or any other scam and want to discover more about the scam brokers, you can fill COTP Complaint Form. We help you to document the case against a scam broker. With insightful reports and direction, we can help you fund recovery.
Trading can be beneficial with a genuine broker, but COTP isn’t the one. Keep your funds safe and save rather lose them to a scam broker involved in Forex Scams, Cryptocurrency Scams, Investment Scams, etc.
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