A sports car is the first selling point JS CO Pty LTD throws to investors. According to the platform, you can invest in over 200 products. The platform claims to turn your vision into profit. All you have to do is register, fund your account, and start seeing the profits rise. It all seems too easy to be true. Sadly, investors in Australia and Europe have been losing funds with this platform. Here’s more in our in-depth JS CO PTY LTD REVIEW.
The platform claims to have been writing its history since 2010. On their about us page, they claim honesty is not only their philosophy but the business model. All these are touching words meant to entice the ears of investors.
There’s also a statement claiming the platform was created to democratize trading. From an investor’s perspective, the website looks genuine. However, you have to have a keen eye to spot the mistakes on the platform.
And this is why we recommend doing thorough research before committing funds to a platform. You should know what other investors are going through or facing before funding accounts. For those who don’t know, you’re in luck.
We are providing you with a clear picture of what online investment is all about. First, you need to know the best investment options currently trending. We recommend using Coin Staking, DeFi, and Masternoding.
JS CO Pty LTD is by far one of the worst coin staking platforms we have seen. The platform gives no effort to enlighten users on what staking is about. Instead, it seems their only vision is to have as many investors sign up for their platform.
Those who deposit funds end up joining a pyramid scheme. Only a few individuals profit from this platform. Those close to the owners and those who participate in marketing the platform. Other investors are bound to lose funds with the platform.
JS CO Pty LTD offers users four investment packages for their coin staking program. However, we do have a problem with their minimum allowed deposit. The platform sets $10,000 as their preferred minimum deposit for the basic account.
Here’s a closer look at these individual accounts
7 Day
It’s the most basic staking account and comes with a minimum deposit of $10,000. In addition, there’s an expected interest or ROI of 1.28 to 1.67 percent. In fairness, the expected ROI seems feasible, especially with the timeline.
15 Day
With the 15 day platform, you must deposit $50,000 to a maximum of $3 million. The expected ROI is 2.11 to 3.08 percent. And this is where we start doubting their staking venture as this is such a short window.
30 Day
You must deposit a minimum of $100,000 to a maximum of $3 million to use this plan. The expected interest or ROI is 3.29 and 6.62 percent. But, again, the time is little for a platform to achieve such a high ROI.
90 Day
With the 90 day program, you need to invest a minimum of $200,000 and a maximum of $10 million. The lock-up and interest-earning venture does not look feasible at all. There’s something fishy going on with their staking approach.
One of the things that make us question the entire process is the distribution of income. The platform claims to distribute ROI daily. And yet, this is a lock-up type of investment that doesn’t allow such distributions.
There’s even a plan with unlimited commissions with their affiliate program. These are some of the incentives that you should be wary about. The platform is using unlimited features to attract more sign-ups.
Normal affiliate plans on the platform offer commissions starting from 5 percent. The highest commission rate you can earn is 65 percent. Before joining such a platform, there are a few questions you need to ask yourself.
Does the platform actually pay these commissions? How does an affiliate user track their conversion rates? The platform does not mention it, nor do we have anyone who claims to make passive income.
And here’s where we draw the line with their affiliate platform. It’s another staking pyramid scheme where members share the spoils. The unlucky investor who deposits gets to see his amount shared among team members.
JS CO Pty LTD claims to have won several awards to ensure naive users fall for the platform. These include Best forex affiliate broker 2020 and global forex broker 2020. Unfortunately, all these award ceremonies didn’t occur due to the COVID pandemic.
We also note the platform uploads logos of these awards. However, the awards don’t have their name engraved on them. And this is how we know the platform is playing mind tricks with naive investors.
The disclaimer at the footer of their homepage claims the platform is registered in Australia. Upon further investigations, we learn the platform is using records from another platform. The regulator plans to deregister the platform.
For the payment aspect, the platform lists Bitgo Registration NMLS as the entity holder. The platform is using a renowned digital asset company’s credentials. Those who are actually involved remain anonymous.
The chat tab has a message showing ‘we reply as soon as we can.’ Imagine depositing over one million and not having direct communication with the platform. The platform is avoiding direct communication.
Once you deposit funds with the platform, it’s as good as gone. Therefore, you should avoid investing with the platform since no one has come out with proof of concept. In addition, the people behind it want to remain anonymous for fear of being exposed.
For their staking program, the platform accepts Bitcoin, Ethereum, and USDT. What’s clear is the platform seems to suggest an ongoing ICO/IDO event. Depositing is fast, and the process takes less than five minutes to complete.
The process of withdrawing funds remains a mystery. There’s no information on how long the withdrawal process takes. The user doesn’t know whether the platform has to allow withdrawals on their end.
JS CO Pty LTD is not licensed or registered as they claim on the platform. After checking with ASIC, we can confirm the platform is not compliant. And this makes it a high-risk investment option for investors.
When investing with online entities, ensure reliable regulators register them. Reliable regulators include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, FINMA, and SEC.
The security of funds is out of the question with a cloned platform. Once you deposit funds, there’s no way of earning income as they claim. In addition, the platform fails to offer insurance cover for deposits made.
Here are the reasons why we don’t recommend JS CO Pty LTD for staking
These are the reasons we urge restraint when investing with jscoptyltd.com
For proven and reliable staking ventures, check out the list of the best platforms to choose from.
If you have any questions, feel free to email us.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
0 Comments