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Energy Markets is an offshore forex investment platform that will put your funds at risk. This is because the platform does not offer any security cover for deposits made. Already, there have been several complaints lodged against Energy-markets.co. So we must find out the reason why investors are shunning EnergyMarkets. To find out more, here’s a peak look at the ENERGY MARKETS Review for more details. 

About Energy Markets

Energy Markets Review

The platform claims to provide brokers all over the world with high-quality services. In addition, energy Markets claim to help traders gain access to several markets. At the end of the day, EnergyMarkets positively sells its agenda.

Before jumping in, you should check facts and know which are the best investment solutions. Some of them include Coin Staking, DeFi, and Masternoding. That’s how best to invest in today’s competing marketplace.

One issue we have with their platform is the results. There’s no way of earning money from the platform. No one has been able to withdraw funds which put members in disarray. That’s what happens when you use an unregulated entity.

Most investors fall for a well-designed website. The looks alone are what make this platform a crowd puller. Several investors have fallen for the platform due to its aesthetics. It would be best if you did due diligence before committing funds to any platform.

Your first prerogative should be the safety of your funds. How safe are funds with the platform? These are the hard questions you need to ask yourself before committing funds. It would be best if you read reviews to find out the experience others have faced.

Accounts Offered by Energy Markets

Energy Markets offers accounts in two classes, basic accounts, and executive accounts. Each of the classes comes with three-level account types. First, let’s take a closer look at basic accounts.

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Start

There’s a minimum required deposit of $500 with this platform. The leverage is set at 1:200, and spreads start from 3 points. There are over 25 trading instruments with this account. According to the features, there’s account insurance of 10 percent.

Trader

With the trader account, a user must deposit $5,000 to start trading. The leverage is set at 1:100, with bonuses set up to 50 percent. In addition, there are over 1000 trading instruments with account insurance set to 40 percent.

Gold 

For the Gold account, investors must deposit $25,000. There are four asset classes with leverage set at 1:50 with account insurance set at 65 percent. Members also get free monthly signals.

There’s the second class of accounts which is for the experienced trader. These accounts include;

Energy Markets Account Types

Premium

For the premium account, you need to deposit $10,000, and leverage is set at 1:75. Account insurance is set at 55 percent, with bonuses set at 70 percent.

Gold

There’s also the Gold account which comes with a minimum deposit of $25,000. The leverage is set at 1:50, with account insurance set to 65 percent.

VIP

With the VIP account, members must deposit $100,000. It’s the most exclusive account with leverage set at 1:30.

Bonuses with each account

The platform tends to bring investors in by offering huge bonuses with each account. Bonuses start from 35 percent to 100 percent, depending on the account. However, before jumping in, there are a few things to note.

Regulators in most jurisdictions have been against the issuance of bonuses. The results don’t favor members hence the high leverage. You will be forced to pay back the bonus with a new deposit amount.

Even if your account has the balance to clear the balance, the platform will insist on a new depository amount. And this is why the regulator is against bonuses. It seems these platforms take advantage of investors by demanding new deposits.

Deposit and withdrawal channels: Does the platform allow withdrawals?

The platform has made sure depositing funds is straightforward. Some of the depository channels listed include Maestro, MasterCard, Visa, and Wire Transfer. With deposit channels easily available, it makes it possible;e for anyone to sign up.

Withdrawing funds remains the biggest hurdle facing members of the platform. Unfortunately, you won’t have any chance of recovering your funds. Hiring recovery agents won’t help much as they don’t have the power to freeze these accounts.

We also believe the owners immediately transfer your deposits to personal offshore accounts. That’s how hard it is to recover even a penny from the platform. Those who manage to withdraw have done so using small amounts.

Domain records (energy-markets.co review)

With domain checker tools, we can determine the lifespan of a platform. By searching, we learn the reliability and online reputation of a platform. As we publish this post, the platform has been running for 162 days. 

The name of the registrar has been redacted for privacy reasons. Energy-markets.co went live on January 16, 2021. Whoever made this happen didn’t think we would investigate further. And the findings will shock you.

Energy-markets.co has been using the same server as other low-rated forex investment websites. Even search engines don’t rank the website as they term it as a high-security risk platform. Who are we to disagree?

Energy Markets License and Registration Status

Energy-markets.co License and Registration Status

EnergyMarkets is not a licensed platform, and it’s an offshore platform with no oversight. And this means your funds are at risk of being transferred to a personal account. However, thanks to regulation, the platform would deposit funds in segregated accounts.

The lack of oversight gives the platform a chance to do what they want. We don’t see any license or registration documents on their part. It’s their duty to inform users of the license status. The disclaimer at the footer of their homepage fails to do so.

Markets and Trading assets found on Energymarkets

There are four assets on the platform: bonds, commodities, forex, and indices. From the conditions we see, the platform does offer fair conditions on some parts. These include leverage on the latter account types.

If you are an experienced trader, the conditions might work for you. The only problem is EnergyMarkets doesn’t allow any withdrawals. So even if you make profitable trades, withdrawal is out of the question.

Proof of Deceit

No investor or member has come out with proof of withdrawing funds. The team behind this platform acts as they don’t care about the consequences. There are hundreds of complaints floating from all corners of the globe.

That’s the proof you will need to stay away from the platform. Ensure you read our other reviews, which highlight the features to watch out for when investing. We feel it’s our duty to keep the online investment world safe.

With no one coming out with proof of making money, we will have to expose this platform as a fraud. Those who claim to withdraw funds are in league with the owners. In most cases, they are affiliates or close relations with the owners.

Safety of funds with Energy Markets

Energy-Markets Features

There’s no safety of funds with a platform with no license details. We have to block this platform for not adhering to set forex trading rules. The platform fails to offer a safety net to investors, which is a huge problem.

You should get a platform that offers insurance cover to deposits made. That’s how best to invest and protect your investment. 

Bottom line

As all facts point to an unregulated platform, we will add Energy Markets to our blacklist. 

For a safe and secure investment, use reliable and proven alternatives. It’s the safest way to trade with forex assets.

If you have any queries, please leave a comment or send an email; we would be happy to oblige. 

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

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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how to start investing in bitcoins

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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?

Read articles you may want:

everything a beginner needs to know

how to start investing in bitcoins

Continue Reading

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