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.
The refund websites propaganda is just that.
They will not help.
The Banks won’t help.
The so called investigators rip you off.
So the rip offs get away. One day they probably wont then they will scream and will get away with it anyway because the so called watchers dont!
Anyone here just had an email today from nextcoin from a David Morgan saying they want to refund monies & close accounts down but needs to speak to you first ?
Great result today – the UK Ombudsman made our bank agree to repaying the entire amount for which we were scammed. If you have not already done so , may I recommend contacting the Ombudsman.
This sounds very positive. I have been scammed for £ 17000 by these scumbags.
I don’t understand how the ombudsman can force the bank to refund the money but I’ll try it anyway.
David.
i might contact the ombudsman in australia to and see if i have any luck. the bank did hold the monies when we sent and said, its overseas, are you sure, so i dont know if i will have any luck
cheers
the money we paid to Nextcoin was transferred from our UK bank to an account owned in Holland by a intermediate money transfer company based in London. They must have had Nextcoin as a client. We contacted our bank after reading in the papers that banks had agreed to refund victims of complex frauds. After about 5 months of chasing our bank offered us a few hundred pounds compensation. Rejecting this we complained to the ombudsman and he did a fantastic job for us. The argument that he put forward with the bank was that they should have looked into the transaction more closely as it was clearly out of character for us. Although not immediately obvious the investment was a scam, they should have made us aware of the risks . If it had queried the transaction with us before letting it go through , its likely that we would not have made the transfer for the investment this avoiding loss. In the end our bank agreed to refund our entire investment sum. Every case will be dealt on its own merits of course, but contacting the ombudsman certainly helps us.
Thanks for the heads up with the ombudsman. I will give it a try. It would be great to get something back from somewhere.
Cheers
David.
Any luck in getting your money back?
What happened in court
Dear Elizabeth i can assure you we are decent not one of us has been able to make a withdraw how come you have.
Deceit, trickery, coersion,What made it worse I gave more to reach my ‘trading goal’ just so that i could make a withdrawal. Which they said i would have by the end of the week. That was 3 weeks ago . Now Brandon Gates is saying I have to open a different acc because my bank wont change bitcoin,Yet I was trying to withdraw EU$ from my Trading Balance. Brad Weber told me when the trading is done, the Bitcoins I paid for are not mine anymore as they are now part of the ‘cash’ withdrawal. They change their story to fit the circumstance . Liars , cheats and thieves. I want them found. david
THIS ASSHOLE IS DESTROYING PEOPLE’S LIVES. DO SOMETHING ABOUT IT ,,,HE is only a person or a small group. But so are all of you?????????????.
I am 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 & what can you do
Not relying on the legal system for assistance . Though I have almost no money left, whilst I get a kit together, I shall be gathering information and when I have enough intel to locate one person from that group…….I’m sure things will go faster. I am looking for Johnathon Kirby; manager brokerage dept NCM, Alexander Pierce, Brad Weber, Vincent Moretti, Brandon Gates. All involved in this scam(These names maybe aliases)David
Careful! new scam from these future jailbirds! They are calling clients to tell them they are closing down and want to repay their customers. In order to do so they need to gain screen control of the clients computer to show them how to set up the repayment process. Obviously do not let them anywhere near your computer or it could be game over for you in more ways than one.
Yea had that as well 3 times they will try to extract if you let them in. doesn’t matter weather crypto wallet or your bank accounts details.
Just had them call again always a nova scotia number want to refund via my pc its all BS didn’t even know how much i had in my account so could very well be another company trying a scam on the back of nextcoin as Brad told me when first happened this now fourth time tried with me
The money is gone. They are not real and its all make believe. Only in recent months have they been found out to be nothing but scamming fraudsters, low lives with nothing real or pure to live for. They don’t see you or me as another person or human being, to them its just one day by day and what they can get, as they would sell there own mother for their own benefit. Stop investing money and then you stop their cash flow! Then you will see or hear how they speak and react to you with great hostility and vengeance they will come out aggressive and threatening. Now exposed, these criminals will dissolve and spread into other areas of crime. The best what I believe is to put extreme pressure on your bank to investigate so they work with authorities to prevent all middle party payment processors from allowing the funds to be sent offshore or abroad.
I followed the paper trail with my bank for a while but did not get very far as they are keen to hide behind ‘client confidentiality’ . What I did find out however, is that the account we paid our money into was owned by JNFX Limited. I think they are what you call a middle party payment processor. When I approached them they gave out little information of value, informing me of the limitations of information they were allowed to give out to third parties. All very convienient and helpful to the people that use their services. If you have some time look at the testimonials on the JNFX website.
I spoke with a private Investigations firm in the UK that featured in a Times report , specializing in cybercrimes some while back. It can cost a fair amount of money to use their services and as they say there is no guarantee of success. I was offered an initial package to do some basic investigation with the option to increase the package if I wanted to . Alone it was to much , considering the chance of success, but if a sufficient number of victims pooled together then the risk / return ratio might not be so bad.
How can they actually help to get it back through what means
The refund websites propaganda is just that.
They will not help.
The Banks won’t help.
The so called investigators rip you off.
So the rip offs get away. One day they probably wont then they will scream and will get away with it anyway because the so called watchers dont!
Hi David, I was in exact same situation as you are in right now. Had made up to 123.000 Euro, with the initial investment of 45.000 Euro.
One of the executive officer gave me a call and asked for the investment of 7.000 Euro. I got bit skeptical about the whole situation, however after they finally convinced me and helped me to invest, I could gather half of the funds back to my bank account and with the rest of the funds I’m still trading. Sometimes their attention is bit overwhelming, however I can’t complain about the results they give me. Hopefully will continue working with them for a long time.
What ! Your saying you got some funds back, You had 123k in there & deposited another 7k to get back 62.5 k this all sounds far fetching since none of us has been able to get any out, do you work for them ?
No Dave, not work for them
However till today I am still working with them, had just made profits on BTC price going up. I don’t know how or why situation went so badly in your cases but in mine everything seems to be alright. Will request additional withdraw at the end of May.
Situation gone bad ? my account now up another 22k from my trading, can make a withdraw no bloody way.
Suggest you ask for withdraw now then tell us all of your results.
Elizabeth how did you get on with your end of May withdraw request from them
HI Dave
I have contract made with them, that provides me with the interest payment of 15% every month, therefore I receive up to 15.000 Euro at the beginning of every month. I asked to my broker about reviews I am reading. I don’t know if you guys are decent or just other company trying to lower down the reputation of Nextcoinmarket, as I myself never had any problems rather than sometimes waiting longer than expected, for my funds to arrive.
ELIZABETH STUART, 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. With enough bits of information I think I can find them. David
I had a long phone call from someone called Johny said he is from recovery company and will recover the money I lost with another company. He was very insistent even aggressive he wanted me to sign into my bank account whilst he was operating the computer. When I refused he got very annoyed even called me a liar when I said I had no money.I hung up and he still call and email me. I cannot understand how such individuals can be so vindictive and dishonest..
I had the same saying they were going to pay my withdraw request into my bank account online but they tried to take it out i managed to stop them also they tried twice more . Scam
same thing here they want same amount of money in account your withdrawing to, How are these people allowed to operate?