If you came across Epex Unity and plan to make some investments with this company, it is a good idea to read through this review to understand what you’re dealing with. Getting a good investment site might be a tough call for many users of cryptocurrencies.
Not even with conventional investments has this been easy to accomplish. With the proliferation of scam sites, it is important that every investor conduct due diligence before sending their funds to anyone, especially people that operate online through investment sites.
There are some guideposts that should guide an investor if they’re to avoid the pitfalls of being defrauded. In this post, we shall look at Epex Unity, a site that has promised to help the investors make a lot of money. We shall do this with the view of ensuring that nothing is left to chance by the investor risking their funds unnecessarily.
What is Epex Unity?
This is supposed to be an investment company involved in trading of assets. Information on the site claims that it is an Australian company that has been in operation since 2015. With a team of experts behind it, the firm claims to be a leader in prop trading.
The content on its About Us page states:
“The main company’s value is its well-coordinated, perfectly trained and goal-oriented team. It took a lot of time and effort to form and arrange the core of our team, which includes traders, analysts, financial coaches and trading transactions experts.”
That does not say much though since we have seen that it is easy for sites to claim what they are not in the quest to convince users and visitors to do their biddings.
A Background Check
We ran a check on the domain and found out that it was actually registered on July 18, 2019. This contradicts the claim on the site that the company has been operating since 2015.
This is a common deception employed by fraudsters in the quest to make visitors believe that their sites have built online reputation. A company that lies about something as basic as when it commenced operation is not reliable and has probably lied about every other issue.
In presenting its certificate of registration with the Australian Securities and Investments Commission, the company wrote on its site:
“We are confident in our business and in our services. Our business is transparent and can be a subject to independent inspection at any time.”
Nevertheless, we noticed that the registration certificate with the number 635090327 was registered on July 25, 2019. This also contradicts the claim that this company has been in operation since 2015. Realizing that you’re dealing with fake integrity maybe what you need to avoid being defrauded.
The site shows that there are 4 investment plans: Start, Medium USD, Premium USD and VIP USD. Aside the minimum and maximum deposits needed for each of the plans, there is no definite structure that the investor should expect, neither should they have expectations that the company would deliver on its promises.
What is important to note is that there is a minimum deposit of $10, $50, $500, $3000, $5000 and $10,000 depending on the plan that the investor chose.
“Under Premium USD plan, profit is available for withdrawal at the end of each period. The deposit body is available for withdrawal upon the deposit term expiration i. e. in 300 working days. If funds are added, deposit term does not get updated.”
What is remarkable is that the ROI promised is outrageous and unrealistic. This points to the suspicion that the site is either a ponzi that would lure people with payments that were generated from the deposit of new participants or fraud that would steal every fund donated to it.
It is important that a site such as this be avoided since at the end of the day, it would turn another exit scam.
Fake Country Code
The elaborate nature of the site is an indication that the owner plans to be around for months or years to ensure that they actually steal from people before exiting. As expected, there is no genuine physical address where the business is located even though there is a New South Wales address posted on the site.
Interestingly, the phone numbers provided on the site originate from the England even though the business claimed to originate from Australia. This is another red signal that a savvy investor should take note of.
A Fake Identity
A search of the social channels provided on the site turned up one Mark Norton who supposedly is the owner or founder of the company. A background check showed that this is a faked identity. The individual just doesn’t exist outside the site.
This means that you’re dealing with a shadowy owner who you wouldn’t be able to hold responsible if something goes wrong with your investment.
Investing your funds should involve careful appraisal of the investment site, its owners and the motive behind the business. This is why sending your fund to a random site is very dangerous.
We recommend using investment sites that are licensed to render investment services. Such sites must have owners whose identities are known and they should be regulated by the appropriate regulatory agency.
You can check our top recommendation where you could profit through a social investment system where you copy experienced traders and get the same result as they.
What is your experience with Epex Unity? Please share them using the comment box below.