newcrestmines.co.uk Reviews

The website newcrestmines.co.uk raises several red flags that are typical of cryptocurrency scams:

Unrealistic Returns: Promising high returns in a short period, such as 10% after 24 hours, is a common tactic used by investment scams. Legitimate investments rarely offer such high, guaranteed returns.

Vague Business Model: The website mentions cryptocurrency trading, forex business, and real estate, but it lacks specific details on how these activities generate profits.

Lack of Regulation Information: While claiming to be a regulated and licensed investment manager, the website doesn’t provide verifiable details about its regulatory status.

No Losses Claim: The assertion of never registering any form of losses or incompetence is highly improbable in the investment world, where risk is inherent.

High Referral Commissions: Offering high referral commissions, such as 20%, is a common tactic to attract more investors through a pyramid scheme structure.

Loan Services: Offering loan services with low interest rates is unusual for an investment platform and can be a sign of a Ponzi scheme, where new investors’ money is used to pay returns to earlier investors.

Limited Payment Methods: While the website lists various cryptocurrencies and fiat currencies, the lack of traditional payment methods like credit cards or bank transfers is suspicious.

Poor Website Design: The website’s design and language quality are often subpar in scam sites, as they prioritize quick setup and deception over professional appearance.

Lack of Transparency: The website lacks transparency about its team, physical address, and detailed information about its operations.

To confirm the legitimacy of the company, it’s crucial to conduct thorough due diligence, including verifying its registration with relevant financial authorities, checking for any negative reviews or scam reports, and seeking independent financial advice. It’s advisable to be extremely cautious and consider these red flags as potential indicators of a scam.”

the reasons behind this review :
Unrealistic Returns, Vague Business Model, Lack of Regulation Information, No Losses Claim, High Referral Commissions, Loan Services, Limited Payment Methods, Poor Website Design, Lack of Transparency