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CryptosWorld is one of the worst companies to invest in. We have a lot of evidence to show that this is nothing but a scam operation. The founders are working very hard to prove their legitimacy. They are using falsified regulation information and lies. Moreover, the regulation information this company presents belongs to another company.

This company checks every mark of a scam company. Nothing good can come from this firm. The founders are only in the market to steal people’s funds. Investing here will be like burning your money in a fire pit.

CryptosWorld Review, CryptosWorld Company

Furthermore, this company has only been in the market for a few months. It certainly does not belong among the best forex brokers in the market. For your own good, invest only in companies with years of experience in the market. Only such companies can help you keep your money safe as you invest.

Meanwhile, here is our review of this terrible forex broker.

CryptosWorld Review

This company’s website may make you believe that it is the best forex broker. CryptosWorld boasts of having over 140,000 clients from all over the world. The company claims that this is possible due to its cutting-edge trading platform.

Well, we looked at the trading software and were disappointed by what we found. The only thing available to clients is a web-trader that barely passes for a trading platform. It is not aesthetically pleasing and has little to no functionality. 

Professional brokers know the value of trading software. That is why they will always avail the MT4 or the MT5 platforms. This is how we know that CryptosWorld is a phony. It has no business being in a market full of serious investors.

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Even worse, this company purports to provide trading education. These are amateurs with no idea what they are doing. You should not take trading education from such individuals. Furthermore, CryptosWorld does not even introduce us to any of its professional traders. You will not learn anything of value from these people.

Another trick this company uses to attract customers is promising things it cannot deliver. It promises access to a plethora of market assets. While this may be appealing, the trading software is broken and subpar. You will not enjoy trading any of these assets.

CryptosWorld Trading Accounts

There are six main trading accounts to choose from on CryptosWorld.trade. These include the Basic, Professional, Premium, Superb, Deluxe, and VIP accounts. The company makes these accounts sound like the best things in the market. However, when you invest, you will get some of the worst trading conditions around.

CryptosWorld.trade Review, CryptosWorld Accounts

First, each trade comes with a cost. Second, the leverage levels are unbelievably high. The company allows leverage levels up to 1:2000. This puts investors at a ton of risk. They may lose all their investment in a single trade. It is unbelievable to see such leverage levels in a company.

They are dangerous and illegal. That is why the UK caps leverage at 1:50 for retail traders. They do this to protect investors. Clearly, this company does not respect regulatory requirements. Additionally, you can tell that these people are not professionals.

CryptosWorld Payment Options

Here, we have yet more evidence that this company is a scam operation. The only payment option here is Bitcoin deposits. Sadly, this is a payment method that scammers favor. They like it because it is easy to scam people this way. There are two reasons why this is true.

For starters, Bitcoin transactions are permanent. Therefore, it is impossible to recover your funds once you send them out. Secondly, cryptocurrency transactions are between abstract addresses. It is hard to associate these addresses with a person. As such, it is impossible to trace your funds once you send them out.

Do not trust these people with our money. They will disappear with it and you will never hear from them again.

CryptosWorld Founders and Physical Location

It is very common for scam operations to conceal the identities of the founders. Therefore, we are not surprised that there are no names or faces on Cryptosworld.trade. The founders of this company are hiding from the public due to their illegal operations.

It is never a good idea to invest in anonymous people on the Internet. That is the beginning of a bad story. Furthermore, it only proves to us that these people are not professionals. Professional brokers will always identify the importance of being transparent with their identities.

The only good thing is that the company provides an address to its offices. However, this is not something to boast about. We still have to figure out whether CryptosWorld is in this location legitimately.

CryptosWorld Regulation Status

We were very excited to see that this company has a license and regulation section. We believed that we would find legitimate information about its regulatory status. To our surprise, the information on this page is completely fake. The company claims to have regulations from CySEC and it even provides a license number. 

Well, it turns out that the license number the company uses belongs to another legitimate company. The company has already called out CryptosWorld for this. Things only got worse from here.

Seeing that the company operates in the United Kingdom, we had to confirm with the FCA. We looked on the FCA register for some regulatory information. What we found was a warning to investors against investing in the company. The company does not have a license. It is an illegal operation with anonymous founders.

Such a company cannot assure you of your funds’ safety. They do not have segregated accounts in Tier-1 banks. Furthermore, the payment option this company supports suggests that it will not return any money to investors.

Domain Insight

CryptosWorld boasts of over 25 years in the market. However, we do not know how they expect people to believe this. The website Cryptosworld.trade only went live on the 10th of November 2020. Therefore, it has only been around for a little over six months. Those 25 years the company is talking about are a complete lie.

On top of this, the company presents fake awards to make investors trust them. Apparently, the company received the award for the best forex broker in 2019. But it was not even in existence then.

Evidently, these people are willing to use lies to attract customers. This is not a surprise seeing that the company is using another company’s regulatory information. These people have no morals. Run while you still can.

The Bottom Line

There is no reason why you should invest your money in this terrible company. The founders are anonymous and have no morals. They are presenting fake regulatory information to seem legit. In reality, they are on the FCA’s warning list. Additionally, the firm only accepts Bitcoins as a payment option.

There are too many red flags in one company. We have every reason to conclude that this is a scam operation. If you are looking to invest in the forex market, this is not the company for you. You are better off keeping your money to yourself.

Luckily, there are many regulated forex brokers in the market. Such companies have professionals behind them. They remain committed to servicing client investment needs. They will help protect your funds with no compromise.

Unfortunately, the broker is operating illegally.

The company is operating anonymously. Their real location remains unknown.

No. The company displays several red flags. Your information and money are at high risk.

No. The company being a scam will only respond when it is convenient for them.

No. There is no proof of payment from any of their customers.

Are the positive reviews online reliable?

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

MyCOM Review: Failed ecom platform turns to crypto fraud

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Owing to MyCOM intentionally omitting details of their MLM opportunity in their marketing, this isn’t a typical BehindMLM review.

Hiding information is a common occurrence across the various facets of parent company Tesora Financial’s operations, which made putting together this review a headache.

On that basis alone I’d recommend avoiding MyCOM and Tesora Financial. MLM companies only go to these lengths to hide information when they’re up to no good.

If you want to know what exactly MyCOM and Tesora Financial are up to, read on.

MyCOM is headed up by founder and CEO Jaime Villagomez.

Villagomez is also founder and CEO of Tesora Financial Group (dba Tesora International) and all its attached shell companies.

Villagomez runs MyCOM and Tesora Financial Group from Utah in the US.

MyCOM launched in 2017 as an ecommerce platform MLM company.

Four years later, here’s how that’s going:

MyCOM’s marketplace is a failure on every measurable metric. Thus it’s not surprising Tesora Financial and Villagomez have jumped on the crypto bandwagon.

Before we get into that though I want to go over what MyCOM is pitched as.

Essentially you’re looking at the usual closed ecommerce portal with cashback. As opposed to actual cashback, affiliates, customers and businesses are paid in COMS – which Villagomez stresses “isn’t a cryptocurrency”.

That’s disingenuous though, because at some point there does appear to have been a crypto component to COM points:

That distinction aside, COMS might as well be an in house MyCOM cryptocurrency.

Retail customers receive COMS when they purchase products on MyCOM’s empty marketplace. They can’t cash them out.

Retail merchants are paid in COMS, which they can cash out.

Whether MyCOM affiliates can cash out COMS isn’t specified, which likely means they can (hush hush).

Oh and for some reason COMS can be directly invested into, which makes no sense other than as a money spinner for MyCOM.

On the MLM side of things whether commissions are paid on MyCOM investment isn’t specified.

What we do know is MyCOM charges merchants fees, which funds the cashback (referred to as “shareback” because reasons).

Of this collected cashback fee from the merchant, MyCOM keeps 30% and pays

  • 30% to the purchaser
  • 1% to 4% to the referring MyCOM affiliate (based on how much they’re paying in fees)
  • 4% to the MyCOM Pro Advisor assigned to the store
  • 15% to “regional managers”
  • 20% through a ten-level deep unilevel team

MyCOM intentionally hides this unilevel compensation structure. You won’t find it anywhere on the internet or in their marketing videos.

The reason I’ve seen cited for the deception is because MyCOM doesn’t want to be seen as an MLM company. They feel this will better position them to attract merchants (see screenshot above, that’s going swell).

Shady business practices aside, MyCOM’s Marketplace failed because it’s an outdated model.

MyCOM charges customers for access based on a three-tier pricing model:

  • Basic – no cost
  • Plus – $60 annually
  • VIP – $120 annually

The more you pay the more COM points you can earn.

Oh and as a potential customer, you have to be referred by an existing MyCOM affiliate.

That’s going up against the multitude of free apps and browser cashback/voucher extensions – all of which provide vastly superior coverage of available merchants.

No fees, no restrictive ecosystem to buy into, and some of them actually offer cashback.

That’s what MyCOM’s Marketplace business model is competing against. So it’s no wonder the concept failed.

This is the Achilles’ heel of every MLM ecommerce cashback platform. Fees have the be charged somewhere or there’s no commissions to pay out.

With respect to affiliate fees, MyCOM charges:

  • Business Consultant – $360 annually
  • Professional Rep – $600 annually
  • MyPoint Pro – $900 annually

Again, how much you spend directly impacts earning potential.

MyCOM’s business fees are:

  • Free – no cost, capped at $500 Shareback
  • Plus – $100 annually, capped at $50,000 Shareback
  • VIP – $300 annually, capped at $150,000 Shareback

Same story.

MyPoint membership is $900 annually or $75 a month. It appears to be a purely “upgrade your income potential” membership fee.

Whether commissions are paid out on the above membership fees is not disclosed. I’d assume so, otherwise what else is MyCOM doing with those fees?

Anyway now that we’ve established what MyCOM is and why it failed, let’s move onto the next phase of Tesora Financial: crypto shitcoins.

There are a ton of shell companies within Tesora Financial, only a few of which have been elaborated on.

The primary companies we’re going to reference are Bitcoin Trust, Tesora Trust, Tesora Custody and Tesora Exchange.

Tesora Financial’s primary shitcoin is Bitcoin Trust.

Based on the company’s roadmap, Bitcoin Trust (BCT) is an ERC-20 shitcoin.

ERC-20 shitcoins can be set up in five minutes or so on the ethereum blockchain, at little to no cost.

MyCOM affiliates invest directly into BCT through their backoffice.

As per the above example from Jaime Villagomez’s backoffice, Tesora Financial sells BCT to affiliates for 0.9994 USDT each.

The primary reason for BCT investment, as per Tesora Financial’s own marketing, is the implication that affiliate investors will eventually be able to withdraw more than they invested.

Due to aforementioned secrecy, I wasn’t able to ascertain whether commissions are paid on BCT investment.

Once invested in, BCT is parked with the company. In exchange for doing this, Tesora Financial rewards affiliate investors with more BTC. Internal value goes up, and thus affiliates cash out more than they invested.

In other words BCT is your typical MLM crypto passive investment scheme.

Built into this a shitcoin factory (why stop at one shitcoin), purportedly attached to themed smart-contracts.

One of these shit tokens is “mobility token”:

In a mobility token promo video uploaded in August 2020, My ECOM pitches “you can drive you dream car, for free”.

The idea is affiliates invest in mobility tokens, get more mobility tokens as a return, cash out other people’s money and that money is used to pay off the car loan.

The mobility token scheme has a place on Tesora Financial’s website under “AutoMobility”.

There you find a link to another website, “automobility.it”.

As far as I can tell, Auto Mobility is an independent Italian business that predated MyCOM.

Naturally there’s nothing about a mobility token on Auto Mobility’s website.

The only reference I found was one post on Auto Mobility’s official Facebook page, dated August 2020.

Seems kind of odd Auto Mobility isn’t advertising free cars all over its website.

Other themed shit tokens Tesora Financial pushes is a business startup (power start) and real estate (power house). Same nonsense, invest in tokens, park tokens, get more tokens, cash out – free everything.

Tesora Trust is a secret passive investment opportunity. It has a place on myCOM’s website but the company is intentionally opaque about specifics:

“Holding assets” sounds like another avenue to park tokens, get more tokens and cash out through.

The linked website domain, “tesora.io”, naturally doesn’t work.

Tesora Custody is a passive bitcoin investment opportunity, accessible through myCOM.

Deposit your bitcoin into Tesora Custody and earn more coins!

There is no sense in holding your bitcoins without trading, place them on deposit, and make them work for you!

Sounds like your typical crypto trading Ponzi scheme ruse.

Finally we have “Mining Farm by Tesora Group”, another passive investment opportunity.

Mining Farm by Tesora Group allows through Tesora tokens [sic] for community members to participate without having to manage the technology.

This is the only reference to a “tesora token” I came across.

By offering multiple passive investment opportunities through their MLM opportunity or otherwise, Tesora Financial Group and Jaime Villagomez have created and are promoting multiple securities offerings.

With all of this going down in the US, this means myCOM and Tesora Financial Group need to register their securities offerings with the SEC.

Neither MyCOM, Tesora Financial Group, any of the known shell companies or Jamie Villagomez are registered with the SEC.

And now you know why this is all kept secret and quietly marketed behind closed doors.

To recap;

  • myCOM is a failed ecommerce platform MLM company that hides the fact its an MLM company;
  • parent company Tesora Financial Group has jumped on the crypto bandwagon, launching several passive investment schemes;
  • neither myCOM or Tesora Financial Group are registered with the SEC, meaning the company is committing securities fraud and operating illegally.

You know the drill. This won’t end well.

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Review

expertbtctrade.com

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

NOTE:

reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area.
Our main task is to provide the correct payment for hyips and their related data.
reviewscenter.net has no responsibility for your investments.
Do your investment with more observation and investigation.

Is expertbtctrade.com Scam or Not?

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Review

hypertech.pro

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In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email reviewscenter.net@gmail.com

NOTE:

reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area.
Our main task is to provide the correct payment for hyips and their related data.
reviewscenter.net has no responsibility for your investments.
Do your investment with more observation and investigation.

Is hypertech.pro Scam or Not?

Read articles you may want:

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