Dominant Finance (dominant-finance.com) is supposedly a blend of trading and mining cryptocurrency which offers returns which are too good to be true. They are said to generate up to 16% monthly and as expected there is no evidence backing up their claims.
While we went through their platform and all the information put up by them, we were convinced that it is nothing but a neatly organised scam which will rip off investor’s money. This platform is getting promoted heavily on the internet but there are reasons for that too which we will discuss later in the review.
Before moving further with this platform make sure that you go through our article which will help you make an informed decision.
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Company and Contact Details
Dominant Finance is an ICO which offers investment opportunities to the retail clients. They basically raise funds required for purchasing mining equipments and to pay for other associated costs, in return the investors are promised certain amount of returns depending upon the type and duration of the contract they choose.
While we were looking for any licenses they should legally hold, there weren’t any. We have confirmed through FCA this firm has never been licensed thereby operating illegally.
Nonetheless these scammers have tried their best to appear genuine. They have featured a lot of registration documents of all sorts but rest assured they have no right to accept money from the retail investor.
The only contact detail provided by them is an email address.
Email – clients@dominant-finance.com.
Background
This firm has put up some details of the people who are supposedly involved in this firm. We could not find them any information about them online except on their website which makes us believe that they are all just imaginary characters with stock photo attached with them.
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Now ask yourself why would they put up fake details unless they are hiding something from us?
How does Dominant Finance Work?
This platform is said to be involved in trading and mining cryptocurrencies but there is no sort of credible evidence to prove that. The details of their trading approach is not revealed and there is no trial period provided by them.
We do not know which factors are considered by this firm before entering a trade and as expected there is no verifiable trading history provided by them. As far as mining is considered, there isn’t much information either.
They have not stated which equipments they use and where their mining farms are set up. We do not know which mining pool they are involved with. After looking at the lack of clarity associated with this platform, it is certainly not the one you want to mess around.
Returns Offered
Mining contracts cannot be valued in exact dollar figure as the fluctuation in the crypto market is huge. Regardless of which mining contract you choose this firm promises returns of 10% to 16% which is just impossible to achieve through mining.
If you do the math it adds to a staggering 192% ROI yearly. Doesn’t this sound a little too good to be true? Let us know what you think.
Affiliate Program
This firm encourages marketers, bloggers and any one who has access to web traffic to refer people on to their platform. The affiliates are paid fixed percentage of the deposits made by every investor they bring in.
Just like many of the scams we have seen before this platform does not require the affiliates to be an active investor in order to get their commissions. Their only motive is to make money and they are ready to do whatever it takes to achieve them.
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Domain Insight
According to whois.com this domain was registered on 27/03/2018 and it expires on 27/03/2023.
This website has a global rank of 406,652 and it ranks 32,098 in Russia according to alexa.com.
The majority of the users coming to this website are from Russia, Germany, United States, Netherlands and Nigeria.
Deposit and Withdrawal
The deposit and withdrawal methods supported by this platform are Bitcoin, BitcoinCash, Litecoin, Ethereum, Ripple, Dash, NIX money, PerfectMoney, Payeer and advcash. There is no information about the transaction fees. The time taken for processing withdrawals is not specified anywhere on their platform.
Is Dominant Finance a Scam?
A Dangerous one,
This platform is nothing but a ponzi scam which just happens to have all the bells and whistles resembling to that of a legitimate solution. Indeed their website is very appealing, minimalistic but that does not change the fact that we are dealing with a scam.
They will be operational as long as they are profitable but once they turn cash flow negative they will be gone.
Dominant Finance Review Conclusion
Dominant Finance is one of the biggest fraud company out there in the crypto trading and mining sector. There are heaps of complaints against them and thousands of investors have lost their hard earned money.
This platform features many technical factors and fake information which gives the investors a wrong impression of getting huge profits. Regardless of what type of mining farm you have it is just not possible to reach these kind of return on investments especially with the rising cost of machines and electricity. Avoid any type of dealing with this firm because at the end of the day the only ones to make money is them.
Dominant finance please stop scam!
At least someone collected information on this HYIP? Founder of Questra World. Will not live long.
at the specified address Dominant finance does not exist. What should be expected 🙂
This is a fraud, nothing to think about. It is impossible to provide such profits by doing what they do.
New video about Dominant finance youtube.com/watch?v=V-gSuhIKDVc Enjoy!
U can’t to get profit from this hyip. Scam!
Scam! Absolutely scam hyip! They don’t care about your money, they only takes it and do not return!
Administration of the project Dominant Finance is already known for Resonance Capital, which has already got not a very good reputation – to say the least. The ambitious start of an “investment company” registered in Europe, in Scotland, did not meet any of investors the expectations. Resonance Capital also has several jurisdictions. However, though being registered in Belize and “operating” from Sweden according to rumors, “roots” are being conducted to Russia, Kazakhstan and Ukraine.
A high budget 3rd generation HYIP (High Yield Investment Program) even with the mining farm showroom))). The affair has some sense if you’re lucky enough to jump in on the first month of its life cycle and hop off on the 6th, no any later. Only in this case you’ll be able to earn something, otherwise the loss of your money is guaranteed. And nonetheless don’t ever make all of your investments in a single HYIP!
Low % to withdraw, long period and high risk… Hm very strange…