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Published on January 15th, 2020 | by Sara Kane

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Enobitco Trade Review—Should You Beware of it?

Enobitco is one of the binary options companies that procure investments from potential traders and do business through that. They claim to be one of the primary payment agents and allegedly the pioneers in the binary options and Forex marketplace. 

There is no information about the developers or owners of this company, even though, they claim to be among the pioneers in the binary options and Forex trade market. The company website displays a statement regarding their ‘registered’ status, however, it cannot be verified and there is no registration number or any supporting links or documents to corroborate that claim. They also display a 24/7 customer support and is available as a contact web-form and email: SUPPORT@ENOBITCO.COM. Other than this, there is no contact number or company address. Also, the “about us” page that should ideally have the company relevant information to validate their credibility in the marketplace has no related information either. 

EnoBitco Trade Review

Enobitco works on the basis of a system, that attracts investment by way of offering high returns, a program universally known as HYIP. The investment made by the first investor is used as a profit return to one of the subsequent traders or investors.  

Enobitco is also offering lavish profit margins and unrealistic percentage estimates on investments. This is clearly to lure the investors and seems outright shady. To attract investments it offers a return on daily basis starting from 205% on the investment for just 1 day (on a minimum investment of $10) to 700% profit on investment for 5 days (on a maximum investment of $1000). Enobitco.com is an unrealistic and questionable, high yield investment program (HYIP). Moreover, it offers interest on investments such as 205% after 1 day, 330% after 2 days, 470% after 3 days, 580% after 4 days and 700% after 5 days.

Strategy

Enobitco presents itself as an efficient and professional cloud mining company that does this without having to succumb to mining software, hardware, bandwidth or electricity. Trading bots used in stock markets is another way followed to earn high-profit returns and Enobitco promotes itself as a high-yielding investment program or HYIP. They ensure that their investors are cautious and stay away from business ventures that have a high risk.

The account opening process is as easy as one can imagine. As a first step a registration form is filled, you become a member of the system. The second step is making a decision about your deposit plan. From the system, you choose the one that suits you the most. The minimum deposit that one can make is just $10, this deposit can be repeated as many times as one likes, the facility will treat each deposit as a separate investment.

The next step is learning how the system works for this, the user has to study each section of the opened account. They also promote the referral program and showcase a 20% profit on referrals. According to the company website, making referrals would yield rewards for you as soon as they also join the program and make a deposit. However, we would advise you to be cautious as several scam operations employ this method. The withdrawal system seems to take, a few seconds to be completed. However, all this theoretical mechanism has no evidence. The company does not share any customer feedback or reviews and has no reviews over social media either.

Analysis

  • Founded: 2019
  • Located: Not shared
  • Strategy: HYIP
  • Trading Results: Not verified
  • Price: $10 (minimum) upto $1000 (maximum) deposit (this can go up to $100,000)

Trading Results

Enobitco, does not provide ample evidence for trading results and only has dynamic deposits vs withdrawals ticker/stream. This widget certainly doesn’t qualify as reliable evidence for the trading results. Moreover, there is no third-party trade result verification, that makes it all the more dubious.

You may be interested in looking into other similar platforms…

Client Feedback

When it comes to social media proof or online proof of the claims that they have been making, Enobitco falls short of providing evidence. They have not displayed any customer reviews on their website and they don’t have any social media presence, thus, blocking transparency and creating ambiguity for a potential trader.

Conclusion

Enobitco establishes itself as a high yield investment program and that seems to be a lucrative option to make investments and pursue profits actively. In reality, there are too many pertinent details that Enobitco is simply keeping to itself, such as the information related to developer identity, details about the strategy they employed and verification of trade results. We would recommend staying cautious while doing business with EnoBitco.

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Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


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