Pmcoworld Scam Crypto Trading Platform To Avoid

Lost money to a crypto or trading scam? Read this first:

If your losses exceed £3,000 (in the UK) or $10,000 worldwide The Crypto Adviser can offer advice on recovering your funds. 

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Pmcoworld is a scam crypto trading platform designed to steal user funds after luring in would-be investors with the promise of high returns over a short period.

Although the platform may present itself as a legitimate cryptocurrency service, it doesn’t actually offer any functionality.

It’s being used in conjunction with a WhatsApp group to convince investors they’re engaged in real cryptocurrency trading opportunity.

However, once a victim has deposited a significant amount of funds their account will be blocked and the scammers will demand further money for ‘taxes’ or ‘fees’.

But this is just another way of fleecing victims out of their cash and if you’ve fallen victim to this scam you should in no way part with any more money.

Pmcoworld red flags

There are many obvious giveaways that reveal the Pmcoworld platform to be a scam.

They include:

• A very new domain name.
• Crude design and pixelated imagery.
• Numerous grammatical errors in the content.
• No functionality to the site.
• The promise of unrealistically high profits.
• No social media platforms or other online presence.
• A mismatch between the URL and ‘company’ name.
• No information about the team or platform.
• No regulatory or licensing information.
• A Domain Authority (DA) of 1, the lowest possible.

What to do if you’ve been scammed by Pmcoworld

Losing money to a scam can be devastating but it’s important to keep a clear head and collect as much information as possible about what’s happened.

You should then take this to the authorities in your country to see if they can act against the scammers.

There are also private companies that might be able to help which I’ve written about here.

If you suspect a site is fake, get in touch.

Related post: Crypto scam help and resources