CONTROL-FINANCE REVIEW: IS THIS A LEGIT COMPANY???

in #control-finance7 years ago (edited)

Control-Finance is a new company that just launched approximately a month ago. This company does not use auto-bots to trade crypto currencies, but instead, has a team that manually trade cryptocurrencies on Poloniex. Most importantly they do provide proof of their trades in detail and also provide a knowledgeable prediction that is quite spot on in terms of market trends. Keeping up with their predictions can also be of great value, even if one chooses not to make any loans. This goes to show that the person managing the portfolio is well trained in trading and knowledgeable in cryptocurrencies.

Here is a weekly summary of their latest trade:

Trade report 03.07.2017 - 09.07.2017

We observed Bitcoin exiting correction territory for short-terms during the previous trading week. Meanwhile Litecoin-related forecasts also scored. We successfully traded other altcoins as well. The current period is not the simplest for crypto currencies market because of Segwit implementation and the fact that July is traditionally not the most successful month for trading. But even in this situation we continue demonstrating stable results with a total profitability of about 2-3% per day. Concerning BTC / USD pair, we continue trading within the corridor. We expect a drop to USD 1,800 for 1
bitcoin. It can happen. That's why we plan putting buy orders covering this range. Concerning other pairs of cheap altcoins, we perform trading with short transactions. These cryptocurrencies (such as Digibyte and Decred) are heavily overbought. We expect NEM to drop below USD 5 relatively soon, while siacoin will drop to about 200-250 satosh. We will buy ethereum when it falls below USD 200.

To view their weekly Trade-reports visit this link:
https://control-finance.com/?a=cust&page=report

FOLLOW ME TO SEE MY PROGRESS AND LEARN MORE

YOUTUBE:
https://www.youtube.com/channel/UCp8R_pVC7ExQXLpFwPqAtTw?sub_confirmation=1

STEEMIT:
https://steemit.com/@cryptocoin101

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Thank You!

Have you had any luck withdrawing yet? It says you need to type your "transaction code" to process withdrawal. I never received a transaction code, have you had any luck with this? If so, where can I find/get my transaction code?

They let you choose a 5 digit transaction code when you sign up. You might have to email support if you don't remember what it was. Withdrawing amounts $1000 and up may take up to 6 hours and anything below that is within 30 minutes.

Hi CC101, I have looked at the latest trading record on this website and I have a few questions.

  1. They always go long, never short. (Good luck this month!)
  2. They always win. Can any crypto trader have a perfect winning record over time?
  3. For this company to succeed, they need to have winning trades (over 30% ROI every month)
  4. Anyone can put blue dots and black dots on a chart, and then say "Here are our trades!"
  5. For an English registered company, I can't find anyone who speaks with an English accent. Press the "Instructions" tab on this link, and you get a southern USA accent.
    https://control-finance.com/?a=cust&page=video
  6. Multi-level marketing to boot!
    It seems fishy to me. Just my opinion :-)

Good questions as I was just shown this and thinking of investing.

  1. They never short; although they can if they wanted to implement that in their auto-bot.
  2. I don't think all auto-bots cans win 100% of the time. They do have some trades where it didn't make much profit, but all in all their averages are always positive.
  3. That's correct and from the looks of it, I think they are exceeding that mark.
  4. True, but it's good to see that this is the only HYIP that is providing some type of proof which is better than none.
  5. I operate a wholesale and retail business online and I would only hire virtual assistants for customer support from Central America because of their proficiency in English and their lower cost.
  6. Yes with any HYIP there is always the risk of losing what you put in, but you can also make much more than your initial investment. You just have to know when to get in and when to get out. This company has only been out for 2 months so now it still has plenty of time to gain your capital back and earn much more on top.

Of course Control Finance is a ponzi scheme. Anyone with half a brain can work that out.

You think that someone who can make literally 100s of perfect trades in a row (look at their reports, they NEVER EVER make a losing trade - that is impossible) would be borrowing at 1 to 1.5pc per day when they could borrow legitimately on Poloniex for 0.1% per day...

The trade reports are made POST-FACT, i.e. they are not released before the week, they are released after, anyone can write them when they have perfect hindsight.

Plus it has multi-level referral schemes - OMFG if you don't get that is dodgy then you need a brain transplant.

Everyone will lose their money, and you are an idiot if you put your money with them, and those on YouTube who are pushing sites like Control Finance (and many others) should be THOROUGHLY ASHAMED OF THEMSELVES.

Wake up people...

Those youtubers know very well what they are promoting, they are in for referrals. They hope they will end up with profits while their followers get burned. I'm glad in CF case, everybody lost money, even youtubers.

Suspicious: may just be an HYIP program. While 2% to 3% daily interest is very possible in the crypto market, there have been 100s of 1000s of programs like these which are purely scams.

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://control-finance.com/report/Trade_report_7.pdf

I'm very skeptical of these types of business opportunities as I as well as many others have been caught with similar programs such as:

  1. Gladiacoin
  2. JetCoin
  3. Ecoin Plus
  4. BetRobot
  5. Crypsys
  6. GlobalCryptoBot
  7. BitGrow
  8. Fundstream

There are so many others. What's interesting is that you cannot withdraw your initial deposit minus any profits you would have accrued. That makes the risk factor so much higher.

You can only withdraw your profits on this investment as it is a lifetime investment. If you decided not to reinvest your daily interest you can break even within 3 months or in a shorter time depending on what tier your investment is in.

Note that ALL HYIP investment programs have an end - sooner or later. Always keep that in mind.

You can borrow money straight on Poloniex for like 0.1% daily and less, why would anyone borrow money for 1% then? This seems to me very fishy.

This guy has a different view on it -

I would steer clear of this one ~~~ embed:ControlFinance/comments/6p6wtw/is_controlfinance_a_scam/?utm_source=amp&utm_medium=comment_list reddit metadata:fENvbnRyb2xGaW5hbmNlfGh0dHBzOi8vd3d3LnJlZGRpdC5jb20vci9Db250cm9sRmluYW5jZS9jb21tZW50cy82cDZ3dHcvaXNfY29udHJvbGZpbmFuY2VfYV9zY2FtLz91dG1fc291cmNlPWFtcCZ1dG1fbWVkaXVtPWNvbW1lbnRfbGlzdHw= ~~~