Best CoffeeGems Review: Coffee themed bitcoin Ponzi scheme
coffeegems

CoffeeGems operates in the coffee MLM niche. The company claims it was founded by “two dreamers, Abelardo and Antônia Santos”.

Supposedly the Santos’ are based out of Brazil and have “years of experience in the coffee production industry”.

If you run a search for either name however, nothing comes up in relation to coffee outside of CoffeeGems.

Seeing as the Santos’ appear on CoffeeGems’ website in name only, this puts a question mark on whether they actually exist.

CoffeeGems’ website domain (“coffeegems.com”) was first registered in November 2015.

The private domain registration was last updated on October 12th, 2019.

I was able to verify through the Wayback Machine that prior to October 2019, CoffeeGems’ domain was for sale.

This confirms that the current owner(s) took possession of the domain in October 2019.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

CoffeeGems’ Products

CoffeeGems has no retailable products or services, with affiliates only able to market CoffeeGems affiliate membership itself.

CoffeeGem’s Compensation Plan

CoffeeGem affiliates invest bitcoin on the promise of an advertised weekly return:

  • Jamaican Blue – invest $50 to $99 worth of bitcoin and receive up to $8 a week
  • Kopi Luwak – invest $100 to $499 worth of bitcoin and receive up to $40 a week
  • Hacienda La Esmeralda – invest $500 to $999 worth of bitcoin and receive up to $80 a week
  • Finca El Injerto – invest $1000 to $4999 worth of bitcoin and receive up to $400 a week
  • Black Ivory – invest $5000 to $20,000 worth of bitcoin and receive up to $1600 a week

The math comes to roughly 8% a week, with returns paid out for two years.

Referral Commissions

A 13% direct referral commission is paid on funds invested by personally recruited affiliates.

Residual Commissions

CoffeeGems pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each day CoffeeGems tallies up new investment volume on both sides of the binary team.

Affiliates are paid 10% of investment volume on their weaker binary team side.

Note that CoffeeGems caps payable binary team levels based on how much an affiliate has invested:

  • invest at the Jamaican Blue tier and earn residual commissions down six binary team levels
  • invest at the Kopi Luwak tier and earn residual commissions down eleven binary team levels
  • invest at the Hacienda La Esmeralda tier and earn residual commissions down fifteen binary team levels
  • invest at the Finca El Injerto tier and earn residual commissions down eighteen binary team levels
  • invest at the Black Ivory tier and earn residual commissions down twenty-one unilevel team levels

Once paid out on, funds are matched against the stronger binary team side and flushed.

Any leftover volume on the stronger binary team side is carried over.

Joining CoffeeGems

CoffeeGems affiliate membership is free.

Full participation in the attached income opportunity however requires a minimum $50 investment.

Conclusion

CoffeeGems is a simple bitcoin Ponzi scheme wrapped in coffee marketing.

A company aimed to deliver the world’s best beans for your company’s coffee production so that your customers could enjoy premium quality coffee.

There’s no evidence of CoffeeGems having anything to do with coffee, outside of the marketing coffee on its website.

Furthermore CoffeeGems’ business model fails the Ponzi logic test.

Started as a small family-based business, Coffeegems took its first step on the 23rd of November 2015.

Coffeegems operates beyond the border and serves coffee companies around the globe.

Our company operates in over 60 countries and plans to expand its operations in other countries as there is a high demand for our coffee beans throughout the world.

Right now, Coffeegems supplies Coffee beans to more than 100 coffee brands globally. Presently the number of companies we are associated with is 220.

First there’s the fact that CoffeeGems didn’t exist until October 2019, when its website domain was purchased.

Secondly the coffee industry doesn’t do business in bitcoin, so it makes no sense for a company representing itself as a major player in the coffee industry to be soliciting investment in bitcoin.

Finally if Abelardo and Antônia Santos already had a coffee business capable of generating at least 8% a week, what do they need your money for?

As it stands the only verifiable source of revenue entering CoffeeGems is new investment.

Using new investment to pay existing investors an 8% weekly ROI makes CoffeeGems a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.

This will starve CoffeeGems of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.

If you’ve been swindled by a forex scammer, it’s not too late. While you may need to go to court if you’ve paid them by cash or check – good luck suing a con artist in Belize – credit card and bank transfer payments are more common, since they allow easy transfer of funds from country to country. In this case, you can simply have your bank or credit card company issue a chargeback to recover your money. This can be a complex, time-consuming, and intimidating process for the average person. Shieldforensics has been getting people’s money back for years. Contact us for a free consultation. We recover your money or you owe us nothing. It’s that simple.

Read Also https://www.shieldforensics.com

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InvestMarkets Reviews 2021: Should You Trust this broker?

Best ForexTB Guide – Read our In Depth 2021 ForexTB Review

Benefits of Trading with ForexTB

💰 Min Deposit250
👱‍♂️ Used By5,000 ForexTB users and traders
📆 Founded2015
🌍 HQCyprus
👮‍♂️ RegulationCyprus Securities and Exchange Commission (CySEC), CIF license number 272/15
🚫 Excluded CountriesForexTB is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR

ForexTB is a Cyprus-based broker offering online trading through CFDs. Clients benefit from the leading MT4 trading platform and straightforward payment options. To find out whether to create an account, read our review of FXTB, which covers their CySEC license, mobile app, and explains how to contact the customer support team.

ForexTB Overview

ForexTB was created in 2015 and has offices in Cyprus. The brand is owned by Forex TB Limited and is licensed by the Cyprus Securities & Exchange Commission (CySEC) to provide trading services to clients throughout the European Economic Area (EEA) and Switzerland.

Trading Platforms

Clients can choose between two trading platforms. The first is a proprietary system developed by ForexTB for web-based trading, while the other is the industry standard – MetaTrader 4.

Web Trader

ForexTB’s web-based platform can be accessed directly from the broker’s website. The interface is clean and easy to navigate while offering one-click trading, six different chart types, plus a decent selection of indicators.

Multiple graphing tools can also be overlaid to analyse market sentiment. The only major drawback is the limited customisation available. Still, it’s an intuitive platform that will meet the needs of most new traders.

ForexTB Web Trader
ForexTB Web Trader

MetaTrader 4

MetaTrader 4 (MT4) is one of the most popular trading platforms for day trading forex. With a data-rich environment that is highly customisable, clients of all experience levels can effectively trade.

The platform boasts over 50 technical indicators and 30 chart analysis tools, alongside detailed trading and asset histories. The system is also compatible with automated trading algorithms. More experienced clients, in particular, will prefer to trade with MT4.

ForexTB MT4 trading platform
ForexTB MT4 trading platform

Assets & Markets

ForexTB clients can trade over 300 financial assets. Products include 50 forex pairs, major corporation shares, commodities including precious metals, energies and agricultural products, plus stock indices and cryptocurrencies.

Spreads & Commissions

ForexTB takes its cut from the spreads, which are competitive for VIP account holders at 1.1 pips on the EUR/USD and 1.4 pips on the GBP/USD. However, spreads are less competitive with the lower account tiers. For example, with the basic account, users get 2.5 pips on the EUR/USD and 2.8 pips on the GBP/USD, which is notably wider than competitors.

There is also an €80 charge for accounts inactive for over a month, plus a swap fee for positions that are held open overnight. Finally, ForexTB charge withdrawal fees at 3.5% for payment cards and up to €30 for bank transfers once you’ve exhausted your free monthly withdrawals.

Leverage

Due to ESMA regulations, retail clients are restricted to leverage rates of 1:30. This is to prevent traders from magnifying their risk exposure. Professional traders at ForexTB benefit from leverage rates up to 1:400.

Mobile Apps

ForexTB provides a mobile version of its custom Web Trader platform. The FXTB app is supported by iOS and Android-powered devices and can provide push notifications to ensure that no trading opportunity is missed. With the ability to open and close positions, analyse charts, and follow prices of all tradeable assets, the mobile platform is functional and easy to use.

ForexTB mobile trading
ForexTB mobile trading

Payment Methods

ForexTB accounts can be funded and emptied using payment cards, e-wallets, and wire transfers. The broker accepts USD, GBP, and EUR. The minimum deposit is $250 and payments are usually processed the same day, although this can take longer if incorrect documentation is provided upon withdrawal request. While there are no fees for deposits, withdrawals can be costly if done frequently; each account type offers a certain number of free withdrawals before charges are applied.

Demo Account

FXTB offers a demo account that allows traders to explore new strategies and try the two trading platforms available. With $100,000 of simulated money automatically available, there is no risk to your capital.

Deals & Promotions

There are no promotions or deposit bonuses offered at the time of writing. There is, however, daily signals, market news, and an education centre equipped with webinars, online lessons, ebooks, and a glossary of relevant terms.

Regulation & Licensing

ForexTB is operated by Forex TB Ltd, a Cypriot investment firm licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC). Authorised to provide services to clients within Switzerland and the EEA, though not Belgium, ForexTB builds the trust of its clients through transparency, with a large legal section on the website providing clear information about the company.

Additional Features

ForexTB offers an expansive education section on their website, with different tips and advice for all experience levels. Complete with webinars, online lessons, articles, video tutorials, and ebooks, the education centre caters to all types of learners. Unfortunately, some parts of the education centre are not open to retail and lower-level accounts.

Beyond education, ForexTB offers daily signals and market news, a full economic calendar and an asset calculation tool that finds spreads, swaps, trade sizes, and fees in a few clicks.

 economic calendar
ForexTB economic calendar

With the MT4 and ForexTB platforms come the capability of automated trading, allowing traders to open and close positions based on pre-determined algorithms and market scenarios. Furthermore, each trader has a dedicated account manager to answer questions and provide support.

Account Types

There are four account types offered by FXTB, each aimed at traders with different needs. The leverage rates are the same for all account types, though professional and retail accounts differ.

Basic

  • $250 minimum deposit
  • EUR/USD 2.5 pip spread
  • Only 1 free withdrawal
  • 2 daily signal alerts
  • 1 basic lesson
  • No webinars

Gold

  • $25,000 minimum deposit
  • EUR/USD 2 pip spread
  • 1 monthly free withdrawal
  • 2 daily signal alerts
  • 2 basic lessons
  • 1 monthly webinar

Platinum

  • $100,000 minimum deposit
  • EUR/USD 1.6 pip spread
  • 3 monthly free withdrawals
  • 4 daily signal alerts
  • 3 advanced lessons
  • 2 monthly webinars

VIP

  • $250,000 minimum deposit
  • EUR/USD 1.1 pip spread
  • No free withdrawal limit
  • 5 advanced lessons
  • 7 daily signal alerts
  • 5 monthly webinars

Benefits

There are several reasons to consider registering for an FXTB investing account:

  • Comprehensive education centre
  • Daily signals & financial news
  • MT4 trading platform
  • Automated trading
  • Mobile app

Drawbacks

ForexTB could improve in the following areas:

  • Unclear range of payment options
  • Limited customer support hours
  • Lack of social trading
  • Withdrawal fees

Trading Hours

ForexTB is open for trading 24 hours a day, 5 days a week, with platforms accessible over the weekends for analysis and portfolio management. Trading hours also vary between assets.

Customer Support

Traders can contact ForexTB customer support using the online chat function on the right of the broker’s website. The live message and voice chat is only open during trading hours.

The customer support team can also be contacted by:

  • Phone – +357 2 222 2353
  • Email – info@forextb.com
  • Post – 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus

Safety & Security

ForexTB uses 128-bit Secure Sockets Layer (SSL) encryption for any transmissions, certified by Thawte and Comodo. All transactions are secured by firewalls, complex security systems, and two separate encryptions methods. Furthermore, for online payment card transactions, the 3D Secure V2 standard is met. ForexTB complies with all EU regulatory data protection laws.

ForexTB Verdict

The combination of platforms, tradable assets, and CySEC oversight puts ForexTB on the map. Customer reviews also praise the automated trading capabilities and daily signals. The only serious drawback is the withdrawal fees and wide spreads associated with standard account levels. As a result, we’d recommend opting for a higher account level to get the cheapest withdrawals, tightest spreads, and free daily signals.

Accepted Countries

ForexTB only accepts traders from Austria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Slovenia, Sweden, Iceland, Liechtenstein, Norway, Switzerland.

FAQ

Is ForexTB a regulated, trustworthy broker?

The Cyprus Securities & Exchange Commission (CySEC) regulates ForexTB for operation in the European Economic Area (excluding Belgium) and Switzerland. This coupled with positive customer reviews makes them safe to open an account with.

What is the minimum deposit to create a ForexTB account?

The minimum deposit is $250 for a Basic account; however, this rises to $25,000 for Gold accounts, $100,000 for Platinum accounts, and $250,000 for VIP accounts. The minimum trade size is 0.01 lots.

What trading platforms does ForexTB offer?

ForexTB clients can trade using either the highly regarded MetaTrader 4, or the broker’s proprietary Web Trader platform. The FXTB web-based platform is best suited to beginners while more advanced traders will likely want the customisation and sophisticated features that come with MT4.

Does ForexTB offer a demo account?

Yes, a demo account can be opened with ForexTB. With $100,000 of notional money and a simulated market, the fully operational demo account can be useful for exploring strategies, platforms and indicators.

Can I open a ForexTB account in the USA?

No, ForexTB is currently only licensed to offer trading services in Switzerland and the EEA, though not Belgium.

 If you have any questions or you need an advice about the withdrawing process, feel free to contact us at shieldforensics.com
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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Best Radixoptionfx Review


radixoptionfx

Trading can be a great way to make some extra money. Unfortunately, it can also be a means of losing your savings if you aren’t careful. This is not meant to deter you–in many cases, trading is safe and reliable but only if you have the right broker. This means avoiding flashy phrases and hollow promises of outsized returns and sticking with brokers that have a solid reputation. This is why it is important to find out more about Radixoptionfx before opening an account and sending money or sending any documents. Read our Radixoptionfx review before sending your hard-earned cash.

Radixoptionfx Review

Our shieldforensics.com experts have investigated Radixoptionfx and have found some reasons to pause and look carefully before signing up. shieldforensics.com specializes in investigating brokers, evaluating them, and guiding our clients towards the best choices. If you have lost money with Radixoptionfx consult with our experts and we can do a full investigation and can help you put together a claim that will make it easier to retrieve your funds.

Radixoptionfx Complaints

Depending on the amount of experience people have with brokers, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of our clients were not aware their broker was problematic before they had already signed up. If Radixoptionfx shows any of these signs, either avoid them entirely or look very carefully before proceeding:Not regulatedHigh fees and commissionsNot enough information on the websitePoor communication and refusal to answer questionsPushy mannerKeeps mentioning rules and fees that were not outlined in the contractDoes not let you withdraw money from your account

These are a few of the warning signs of a problematic broker. Below, we will discuss red flags. If radixoptionfx exhibits any of these features, do not proceed without consulting an expert at shieldforensics.com

Radixoptionfx Red Flags: Scam Broker

Radixoptionfx regulation: None

It is never a good idea to work with an unregulated broker. This is because there is no excuse for a broker not to have at least some kind of license. The lowest-tier regulators have minimal requirements and oversight, and it is not a good idea to sign up with a broker with a low-tier license. However, even in these cases, the broker at least felt it was important to obtain a license. Those with no license at all want to get away with things without a regulator watching them.

It is also not advisable to work with a broker that has a license from a regulator that is not in the top two tiers. The lower-grade regulator does not provide much scrutiny concerning those they license and do not engage in oversight or deal with consumer complaints efficiently. Therefore, it can be almost as bad as working with a broker with no license. Look at Radixoptionfx’s license and ensure it is up-to-date and from a reliable regulator. If you have any questions about which regulators are the most trustworthy, consult with our experts.

Radixoptionfx Fees: Hidden and Predatory

If Radixoptionfx suddenly reveals there are fees for withdrawals when this wasn’t written anywhere on the website or in the contract, you can be suspicious of them. If there is transparency about fees, spreads, and commissions, you may notice they are high compared to the industry standard. To find out what the acceptable range is for fees, commissions, and spreads, you can do some research on the web or talk to our experts.

Radixoptionfx Communication: Poor & Pushy

A problematic broker may talk too much or not enough or in the wrong way. Some brokers will work hard to woo people at first only to ignore them and not answer their emails once they sign up. This is to discourage them from wanting to withdraw their money if they are scam brokers.

Don’t assume Radixoptionfx is legit just because they had a friendly chatbot to greet you when you first visited the site or because the broker gave you plenty of attention in the first weeks. You might have even apparently made money on some trades, but see what happens when you try to withdraw the money.

Some less than honest brokers will be pushy with clients and urge them to make certain trades. All brokers are required by law to reveal their own holdings. This prevents a pump and dump operation in which the broker will encourage his or her clients to buy an asset the broker holds until the price rises. Then the broker will sell their huge position and drive the price down, devaluating the holdings of their clients. This pump and dump strategy is illegal and Fund Recovery Experts are well-versed in filing claims in such cases.

Radixoptionfx withdrawals: Can’t Withdraw Funds

The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s fundsWill charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawingCease communication. They may be evasive or simply not communicate at all.

If Radixoptionfx is doing any of these things to avoid releasing your funds, contact our experts today.

Report Radixoptionfx problems

Are You Having Problems with Radixoptionfx? Report your complaint and get your money back

After examining Radixoptionfx, we have found some reasons to tread carefully. If you have lost money with Radixoptionfx, any other broker or simply want to find out more about another broker, speak to our experts. We advise clients and can help them file a persuasive claim against scam brokers. With investigative reports and guidance, we can help you on the way to retrieving your funds.

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chart, trading, courses, finmartket
365 FX Review [2021] – Scam or Legit? Detailed Guidance on Crypto Trading App
  • Our Review
  • 365 FX User Reviews
  • 365 FX News
About 365 FX
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is 365 FX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets – licensed by ASIC in Australia

Is 365 FX a scam or legit broker?

No, it is not safe to trade with 365 FX. 365 FX is owned by Fintech Software Inc. which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as GoldmanCFD, Obsbit and more. 

365 FX is a brand name owned and operated by Fintech Software Inc., which is managed and owned by the team of professionals, specializing in forex trading, financial options, online marketing, commodities, stocks, derivatives, etc., as claimed on the website.

365 FX Review

The broker states its address in London, however, is not registered officially to be able to deliver its financial services. In addition, the ruts of the company show the entity located in the Marshall Islands, which is known offshore zone. Nevertheless, the brokerage operates trading without licensing while targeting clients from various entities, therefore the company was warned by the authorities to stop their business offering. The statement below was issued by the Irelands Central Bank, while further, the regulatory bodies from EU spread the information through their sources too.

“The Central Bank of Ireland published the name of an unauthorized investment firm, 365-FX/365BinaryOption/Oproserv Limited/Fintech Software Inc., that states its addresses in the United Kingdom and the Marshall Islands. It is a criminal offense for an unauthorized firm to provide financial services in Ireland that would require an authorization under the relevant legislation, which the Central Bank is the responsible body for enforcing.”

Central Bank of Ireland. October 2018.

Investment through authorized firms involves significant risks that mainly concerns about loss of capital. Those companies are acting apart from the scope of international controls that are designed to protect a client and the investment itself. For that reason, we advise all investors and traders to avoid 365 FX and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

 If you have any questions or you need an advice about the withdrawing process, feel free to contact us at shieldforensics.com
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

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