Next Coin Market (NextCoinMarket) is a deceptive cryptocurrency site that portrays their platform as a legitimate cryptocurrency investment brokerage.
Relying heavily upon fabricated site elements to appear more legitimate than they truly are, the creators behind Next Coin Market are just as illusive as they are deceptive.
To find out more regarding Next Coin Market AND why you should avoid this scam as a whole, we invite you to read our unbiased review.
About Next Coin Market
Next Coin Market presents their platform as an investment company that is highly specialized in delivering substantial profits for their investors.
They state on their About Us page that they seek to provide the “highest level of profit to our customers.”
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Apparently, their solutions are rendered in many forms such as short-term live scalping sessions to long-term account management and growth structure.
According to their site, day traders from all across the globe are able to use their platform while their team of investors have invested in a wide range of services.
Next Coin Market does NOT appear to be regulated.
In addition, Next Coin Market does not go into detail regarding their team of investors who ‘professionally’ manage your funds for you about whether they are actually licensed to render financial investment advice.
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Which, according to many governing entities, is illegal depending upon where you reside.
While we weren’t surprised at the relative vagueness of Next Coin Market alleged operational model what you discover below may surprise you.
Who is Behind Next Coin Market?
NextCoinMarket is owned and operated by Novomountain Ltd.
According to their Contact Us page, Novomountain Ltd reflects the following address:
28 Dzavaharlal Neru Str., entrance Silver Business Center Sofia, Bulgaria
When we researched the alleged physical address of Novomountain Ltd, it appears that only partial segments of the address are legitimate.
Customer Support
AU +61 283 173461
UK +44 203 318 5045
CH +41 445 083 158
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Next Coin Market can allegedly be reached through the numbers provided above or through their email address of support@nextcoinmarket.com.
In 2017, Next Coin Market allegedly had over $10 million trades executed, over 120,000 active customers along with a trade value in over $10 billion netted – as you can imagine though these numbers are greatly exaggerated.
Account Types
Bronze Account
Balance Required: $1,000 to $10,000
Maximum Trade Size: $5,000
Promotional Incentive: Elite Signals & Higher Payouts
Silver Account
Balance Required: $10,000 to $50,000
Maximum Trade Size: $25,000
Promotional Incentive: Elite Signals & Higher Payouts
Gold Account
Balance Required: $50,000 to $100,000
Maximum Trade Size: $75,000
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Promotional Incentive: Elite Signals & Higher Payouts
Domain Insight
NextCoinMarket.com was registered by Novomountain Ltd on November 27th, 2017.
According to SimilarWeb, NextCoinMarket.com reflected a global rank of 6,878,422 with a UK rank of 1,251,211 as of January 14th, 2019.
Given their pitiful web rankings, it appears that Next Coin Market receives little to no traffic.
NextCoinMarket.com Reviews
While their isn’t much feedback regarding NextCoinMarket.com, the feedback we did come across shared troubling investor experiences such as:
“Got a call from these guys claiming to be making a payment back to me regarding a closed bitcoin account…They must have now sold on my details to other company’s as I have had a numerous amount of withdrawals from my bank since this happened. They are now under investigation. Pure robbing scum bags…KEEP AWAY”
“Hi Brad and Alexander they asked for put money to my account,and I did…I had 2times trading and I won ,again alexander call me and asked put more money,but I told him I can’t and drop the phone…I send withdrawal request and also send mail to nextcoinmarket support ,no one responsible.They took my money.”
“These people scammed me for money,..Avoid Nextcoinmarket…Scam company.”
These reviews can be found at TrustPilot.
Red Flags
- Unverifiable corporate address for Novomountain Ltd
- Reflects a disturbingly poor track record for past investors
- Their site is greatly littered with grammatical spelling errors
- Incorporates fictitious testimonials on their website (see below)
- Does not appear to be licensed or regulated to provide investment options
- They fail to disclose any information regarding whether their investors are licensed
Is NextCoinMarket.com a Scam?
Given the information that we have disclosed in our review above, we believe it goes without question that Next Coin Market is an investment scam targeting cryptocurrency day traders.
Next Coin Market Scam Conclusion
Next Coin Market is not a trustworthy online investment brokerage to consider day trading cryptocurrencies with.
Claiming to support over 100,000 active traders on their platform while market intelligence sites directly contradict and point out how their site receives barely any traffic is just as deceptive as their fake testimonials.
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Under no circumstances should you consider investing with Next Coin Market.
Given the fact that some investors report that this fraudulent investment company fails to acknowledge withdrawal attempts while unwarrantably issuing payment charges to their investors payment methods is down-right theft, unethical and just goes to show you the type of entity Next Coin Market is down to their deepest roots (which isn’t far considering this is an exceptionally shallow scam).
Do yourself a favor and avoid this ridiculous scam before you become another statistic to this deceptive investment brokerage.
Verdict: Next Coin Market is a Scam!
Blacklisted Site: NextCoinMarket.com
We invite you to share any insight, experiences and feedback below.
I have been trying to get my money from
Nextcoinmarket for three months now but they refuse to send to me unlessI pay them an income tax amount first. I am told that I do not have pay tax this way and it comes off my normal tax return but they still will not pay even though I have told them to do as other companies do and take a payment out of my account money.
They say they can’t do that so I am now taking then to court on the 8th of July in BODMIN court at 10am. But I still cannot get any satisfaction or answers from them even though we are both going to end up with
Large court costs.
I would not recommend this organisation to anyone at all and if you are considering investing in bitcoin organisation steer clear of these robbing bastards they are not worth considering at all under any circumstances
How do you expect a court over here will be able to enforce a verdict on
them when they are abroad
Would you be good enough to give as much details as you are comfortable with to help me find these scammers, who tricked $50,000 from me, and ‘deal’ with them to show them the error of their ways. Especially information that might lead to their physical location. With enough bits of information I think I can find them. David
What happened in court
Have just had a lengthy call from Vincent Moretti of this company who told me that the scam lines are rubbish and not to be trusted and that people complaining that they have lost money are telling lies. He says that people cannot get their money back because although they have put in a lot of money and traded with them, they refuse to send in their documents so this company cannot send them back their money. He got very annoyed and shouty and I would not want to be involved with him. I invested nothing but he says they gave me $250 yesterday and it has now gone up to $700. Sounds highly suspicious. Not a nice company, and I believe the scam lines more than I believe him. Good luck with getting your money back. I have been scammed by Itrader and lost £20000 so I am wary.
Help I have just invested 250 I hadn’t looked at these revews before now and i feel sick . Im a single parent and do not know wot on earth i can do now
how did you pay them
Any joy with anyone through investigations, police etc,
court action
Official Warning from the FCA
fca.org.uk/news/warnings/novomountain-ltd-trading-as-next-coin-market-next-coin-nextcoinmarket
I need to know about this site….
I am currently putting together a legal case against companies like this on myscamexperience. I believe the more we are the stronger our case, I believe by sharing our reviews we can help others avoid scams like this.
Nextcoin Market is not registered with the FCA , but in my case there is a connection between them and a payment handler that is FCA registered. I spoke to the FCA and they showed interested in the activities of Nextcoin despite the fact they are not registered with them. Although its propably outside the powers of the FCA to become involved directly my hope is that they share this information with the Bulgarian authorities.
Has anyone got any money back? Why dont the FCA or police stop them trading? They (Alexander first and then Brad an American) contacted me and said they were taking over the Golden Markets accounts, another scam company whose owner, an Isreali had been arrested for massive fraud in Bulgaria. They then browbeat me into paying 300 euros to activate the old account. I guess I can write this off and my initial £250 with Golden Markets. There seems to be more scammers out then than legit firms. AVOID!!!
I am currently taking Nextcoinmarket market to court over their failure to pay out my 18,000 euros I have been sending emails to them for four months now with the only response being that I have to pay the tax before they will release. This means that when you declare it you end up paying tax twice. I have been told that what there doing is illegal so we have a date for their court appearance but will they attend and if they lose will they pay as you cannot get them to respond at all. THEY ARE UTTER SCAMMERS AND ROBBERS AND SHOULD BE ARRESTED AND JAILED. DO NOT USE THEM AT ALL UNDER ANY CIRCUMSTANCES.
Yes i had same experience i have built my account up to 60k & cannot get any money out they even told me this site is a scam revue. how are you taking them to court as they registered in off shore haven. There’s no tax due in the EU due to spread betting rules its all BS. Its only the US that taxes trading Forex & crypto’s
Please let us know how you go. We invested and were a bit worried about losing it and if we lost it knew it wouldnt kill us, but now i am more pissed off then worried about losing the $$.
Several times they tried getting more from us, even got a lady telling us to take loans. Thats when we asked for monies back and never heard back. Has anyone heard from them recently? I havent heard back since christmas.
Hi David,
They scammed my father out of 50 Thousand. My father suffers from early stages of dementia & they took advantage of this fact. They are very much still operating.
David, I am also David, have just realised that I have been scammed by Brad weber, Lukas Fisher, Brandon Gates, . I have been stung and I need to sting back. These are people somewhere so they can be found. I believe they reside in Swtzerland. No public chatter, must assume working aliases. Help me find them.
How were you stung? What was the scenario?
Hi Graham,
Have you had any luck in getting any type of real contact information for them? My father was scammed out of a huge amount of money. If you know anything more in the way of contact information for these scammers other than by email or there fake phone numbers (DID numbers) I would love to know. My email is bladex79@gmail.com
I have recently invested money with Next coin market. I was approached by a guy called Branden Gates. Initially i only invested e300. He next contacted me to inform me of a deal that they were doing with NASDAQ. He said that i would buy Bitcoin @ e3450 each & that on completion of the deal that NASDAQ would be paying a minimum of e10,000 each for them.I bought 6 Bitcoins. While i was waiting for the completion of the deal the company (Next coin market) were trading my money daily.I was contacted by a new person at next coin market called Chloe Thompson. She said that she was now in control of my account. she said that Brandon gates had been promoted & that she was my senior account manager. She said that the deal was complete & that they sold them to Nasdaq for a total of e76000. This left e33000 in my account spare. she said that I need to pay the commission to Nasdaq of e5000. When I asked why she didn’t take the e5000 from my account & send me the balance, she said that she couldn’t do that & that I have to pay it separately. My account stands at e109,897.00 & apparently i can’t have a single cent until I pay them another e5000 commission. This is most distressing. Does anyone on here know what if anything I can do to recover my money. Even if it is only my initial investment.
Its just another tale to scam more off you don’t fall for it.
David, I am also David, have just realised that I have been scammed by Brad weber, Lukas Fisher, Brandon Gates, . I have been stung and I need to sting back. These are people somewhere so they can be found. I believe they reside in Swtzerland. No public chatter, must assume working aliases. Help me find them.