British Columbia Securities Commission has already blacklisted Liyeplimal and warns investors. Liyeplimal is a Cameroonian-based Crypto investment platform targeting French-speaking countries. Investors should be extra careful with Crypto investment platforms that are seen as high risks. There’s a good enough reason why BSCS has added en.liyeplimalcryptoinvestments.com to their blacklist. The platform lacks any credibility and transparency in the eyes of regulators. Here’s more on the full LIYEPLIMAL REVIEW.
There’s even an error with the way the platform communicates with users. It’s clear that the people behind this platform lack professionalism. The truth is Liyeplimal is another Crypto investment platform trying to take advantage of investors.
And this is why we must ensure that the platform is exposed. According to the platform, they claim to end poverty thanks to the crypto investment venture. Global Investment Trading is the parent company.
To this day, no one knows the people behind this platform. It remains an anonymous crypto investment platform making it a high-risk option. We wouldn’t recommend using the platform due to various reasons.
For those who want to invest in Crypto, there are better and proven platforms. These platforms will cater to all your needs. First, however, you need to have a reliable investment platform with credibility and transparency being the core value.
Liyeplimal is far from that, and the platform lacks even the basic website designs. And this is why we side with the regulator. When offering crypto investment services, you need to come out as a professional in the industry.
We also believe the platform is trying to take credit from AFTA. The platform also claims to be the first African crypto platform to offer SMB swap services. Project Limo Roi is also available for sale with 1,000 units going for $1,000.
Liyeplimal offers twelve investment plans. These plans are listed according to different cities in West Africa and the Middle East. Let’s take a look at the twelve plans individually.
Plan 1 Porto Novo
To start trading with this plan, you need to deposit $200. After that, there’s a weekly ROI of $6.53 available to members. A commission rate of 6 percent is also available.
Plan 2 Libreville
The second account comes with a minimum deposit of $400. Again, 6 percent is the commission rate, with weekly returns set at 13.84 percent.
Plan 3 N'djamena
$800 is the acceptable deposit with this plan, and there’s a 6 percent commission. The weekly ROI is set at $29.93.
Plan 4 Malabo
With the Malabo account, investors deposit $1,600, with the commission set at 6 percent. The weekly ROI is set at $61.53.
Plan 5 Yaounde
Yaounde account holders must deposit $3,200 to start investing. The commission rate is the same 6 percent and a weekly ROI of $126.15.
Plan 6 Pretoria
You have to deposit $6,400 to start investing with this plan. Weekly ROI is set at $258.46, with the commission rate set at 6 percent.
Plan 7 Le Caire
The seventh account sets members on the second set of crypto investment plans. Investors must deposit $12,800 to start trading. The weekly ROI is set at $529.23.
Plan 8 Abuja
With the Abuja plan, investors must deposit $25,600 with the commission set at 6 percent. The weekly ROI is $1083.07.
Plan 9 Dubai
$51,200 is the set minimum deposit with this plan with a fixed commission of 6 percent. The weekly ROI is set at $2205.
Plan 10 OUAGA 2000
These three accounts are considered exclusive or VIP accounts. You have to make a minimum deposit of $100,00 to start investing. There’s a weekly ROI of $4326 set for account holders.
Plan 11 YAMOUSSOUKRO
Another exclusive plan, you must deposit half a million dollars to start using this plan. But, again, there’s a weekly ROI of $21,795, with the commission rate set at 6 percent.
Plan 12 TANANARIVE
A one million depository amount is required to start using this plan. There’s a weekly ROI of $43,910.
From what we can see, they all come with a fixed commission rate with all the plans. We also notice there’s no daily ROI. Investors should also take note that there are no withdrawal terms and conditions.
No one knows how long it takes for the platform to release funds. With no one coming out with proof of withdrawing, we have to recommend you stay away.
Just below the plan section, there’s an affiliate program where members can use the link. Unfortunately, we still don’t know whether the platform releases commissions to affiliate members.
Africa lacks a strict regulatory framework that would protect investors from crypto platforms. And this makes it impossible to safeguard funds. Liyeplimal doesn’t have the capacity or regulatory guidelines to protect your funds.
In addition, other regulators in Europe and North America will soon blacklist the platform. With French-speaking investors being the target, the platform might trap hundreds of investors.
We don’t recommend using a platform that is on the blacklist of a reputable platform. In the event of bankruptcy, no regulator will come to your aid. It’s best to stay away from the platform as it’s a high-risk option.
As far as who is running the show goes, we don’t have a clue. All we have is a picture of a guy receiving an award. The entire platform fails to give the names of the people working behind the platform.
All we see is an anonymous Crypto investment platform targeting French-speaking countries. The platform is targeting wealthy African investors. With Africa also having regulatory issues, we recommend you stay away.
Getting fast and reliable support is what makes or breaks a platform. With Liyeplimal, their contacts remain unknown. We don’t have a physical address or phone number to call. There’s no live chat or message board where one can leave a message.
We suspect that the platform plans to remain anonymous until they shut down. Those who invest will have a hard time trying to contact or reach the owner. And this is another solid reason why BCSC blacklists the platform.
Liyeplimal is not a crypto-compliant investment platform. Those who have signed up should know the platform lacks compliance. However, without regulation, the platform is free to operate as they want.
And this puts your funds at risk as the platform may decide to shut down. The platform may also block members from accessing funds. It’s not ideal since they fail to inform users of their regulatory status.
Investment platforms are obligated to inform members of their status. Without even a single document to show, we don’t recommend using it.
How and which avenues members deposit funds remain unknown. Others claim to use e-Wallets, while others use wire transfers. What remains a challenge to all members is the withdrawal aspect.
The truth is, no one gets to withdraw their initial deposit fully. And it makes the platform a huge financial risk to crypto investors.
These are the main reasons why we view it as a crypto risk
And now you know the risks you will get into when you sign up with en.liyeplimalcrypto investments.com.
If you want to invest in real crypto platforms, go for those offering Coin Staking, DeFi, and Masternoding.
You can leave a comment or email us with any queries. We would be glad to respond.
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