Hotcoin: The Dark Side of Cryptocurrency Investments

Pros and Cons

Pros:

• Multiple products and services
• Publish regular blogs

Cons:

• No license or regulation
• No details about team members
• No contact address or details

How Does Hotcoin Reach To Their Prey?

Hotcoin’s team members mainly use basic tricks to con the target audience. They cold call the target, offer lucrative packages, and show them unexpected returns in a short amount of time. So, if you get a call offering such kind of packages, it will surely be a scam.

Technical Details

Minimum Deposit:

There is no such information available regarding their minimum deposit amount or account opening amount. That means they can charge any amount to their clients whenever anyone wants to perform a trade.

Trading Platform:

Both Basic Spot Trading and Professional Spot Trading are purportedly available from Hotcoin Global. We tested both, even though the website doesn’t go into detail about the deal and the distinction. Let us just say that Hotcoin Global only changed the arrangement of the windows that their program contains in order to fool customers. Just like that, they added the label “professional” on it as if regular investors couldn’t detect that it was the same bait with a somewhat different appearance.

Spread:

There is no option of spread in the crypto trading platform. We did not find any information about this.

Leverages:

There is no information available for their leverage details.

Packages and Products They Offer

They offer several products and services. There was no option for multiple packages.

Withdrawal and Deposit Method

There was no clear information about their withdrawal and deposit method. Clients of Hotcoin Global have complained about the sketchy, protracted, and unclear withdrawal processes. Given that the firm is an illegal fabrication, this is not in the least unexpected.

What Do Their Previous Traders Say?

Finding user experiences that have been put online hasn’t been as fruitful as we had planned. You see, it’s very possible that Hotcoin Global’s purported popularity is a hoax, just like the services they promote. The most trustworthy site for reviews is TrustPilot, and the profile for Hotcoin Global there is unclaimed and only has a few reviews filed overall. The concerning fact is that they are all disparaging Hotcoin Global as a fraud and are all negative.

Summing Up- Why Should Not You Trust Hotcoin?

In summary, Hotcoin is not the broker that you are looking for your next investment.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you get scammed by this broker, you need to act quickly. You can submit your report to us and we will evaluate your case to provide you with some recovery service recommendations. These will help you to recover the lost funds.