This World Coin Community LTD review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
World Coin Community LTD Broker Overview
- Website: https://wccincv.com/
- Website Availability: NO
- Headquarters Country: USA
- Owned By: NA
- Blacklisted by: Financial Conduct Authority
World Coin Community LTD (WCC) presents a professional team of cryptocurrency industry developers who provide investment opportunities via their trading bot for profit-making in bullish and bearish trends. The company also claims to have official registration in the UK.
Illegal Operations
However, serious issues were roaring at several locations of WCC. Investigations proved that it employs fraudulent marketing and exploitation of people, especially from developing countries. It is said that its representatives lured people with promises of cash and electronic devices to recruit them as users without telling them about the operations and intentions of the company. This has resulted in biometric data being collected under dubious circumstances and many participants have no idea how this data will be used.
Moreover, users have reported problems such as having their accounts suspended and funds in access denied. For example, account holders have issues related to blocked accounts and no response from customer care services.
Inaccessible Website
Also, the official website of WCC, that is, https://wccincv.com/, has become inaccessible. Visit the site and it gives you nothing but errors, meaning that either the domain has been taken out of commission or it no longer exists. This further complicates the issue of verification for the validity of the company and puts more red flags into the operations.
Therefore, based on these facts, caution is highly advisable for all potential investors and users. All these stolen recruitment gimmicks, reports of accounts gremlins, and lack of access to an official site only hint at World Coin Community LTD as an unreliable investment platform.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is World Coin Community LTD Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of World Coin Community LTD Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from World Coin Community LTD Broker?
If you got scammed by World Coin Community LTD Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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