Is COTPS a Legitimate or a Scam?
COTPS seems to offer a great trading proposition. Who doesn’t want to buy an asset cheap and sell it back at a much higher price? COTPS claims to use AI technology to scan the net to find places to sell crypto holdings at a significant profit. They even guarantee returns as high as 3% a day. This sounds terrific. However, it’s all fake. COTPS has been exposed as nothing more than a Ponzi scheme. That means it takes deposits of customers for its own uses, including paying fake returns initially to inspire false confidence.
We Have Found Problems with COTPS
There is no contact information and no transparency about who runs COTPS. The company claims to have been around for several years, but we see it is a relatively new site. Having new sites doesn’t mean it has to be a crypto scam, but it isn’t honest about how new it is. There is no way they can possibly guarantee a 3% return to traders on crypto investments. We also discovered that COTPS doesn’t have a license and isn’t allowed to offer its services if it’s unregulated.
These Classic Red Flags Indicate COTPS May Be a Broker Scam
- No license
- No transparency
- False promises
- Flagged by BCSC
- Misleading claims
- Negative reviews
What You Should Do If You Have an Account with COTPS
If you currently hold an account with COTPS, close it and demand an immediate withdrawal of all of your funds. If you do not receive a withdrawal from this broker contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!