COTPS Review by Chargebackpros
Chargebackpros which has done a lot of work in researching for COTPS Review, advises investors not to invest in COTPS, as it is suspected to be a potential scam broker. Read a complete COTPS review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Website: http://cotps.net/ and https://cotps.com/
Address: United States
Warning: Not Recommended By Review Website Like Scam Helpers
Risk is an integral part of every type of trading. A genuine investment provides the broker with an excellent opportunity to earn a profit if they make the right decisions. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2022 to aid your decision-making.
We include the name of COTPS here because it is not a legit broker. For fledgling brokers or clueless clients, COTPS will appear as a genuine investment opportunity for unsuspecting users and novice traders.
In any case, we are here to expose this broker and share with you the reason for presenting this COTPS review.
COTPS Scam or Legit? How To Tell The Difference
After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. The COTPS scam is particularly dangerous because it is easy to fall for. Scammers usually contact people through email, social media, or even phone calls. On its official website, they claim that all digital tokens held within its app are FDIC-insured. Furthermore, they claimed to gain over 100,000 customers within a year. To distinguish between legitimate and fraudulent platforms, be aware of the warning signs of a COTPS scam listed below.
Some of the reasons why Cryptos OTC Trading Platform is listed in the list of Scam Brokers 2022
COTPS Review: Regulation Status
Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. COTPS is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
COTPS Withdrawal Problems
If you have already invested your money with COTPS, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With Cryptos OTC Trading Platform, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
Commitments of Ensured Benefits
Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform.
If you get attracted by such brokers, there’s a chance of getting scammed by them.
How to Invest in them?
The process of investing in COTPS is easy. You just have to register on the site, and after that, you can invest in their platform. You will face trouble when you want to withdraw your deposited amount. They will not let you get your invested funds. If you think you may have been a victim of the COTPS scam, don’t hesitate to report a complaint against them.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is COTPS Legit or scam: Final Thoughts
It is clear from the COTPS review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from COTPS and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Also, if you are a victim of the COTPS scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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