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.
Their site is now down & gone
Has anyone just had a call stating that legal action has been take towards Nextcoin market and that we can now get our money back all my husband kept saying to the guy every time he spoke was bull…t, bull…t, bull…t I then took the phone and said before we talk to anyone you can email us all the court details stating that this company has been taken to court, with that he said he had a problem with his computer and said he’ll email it all over first thing in the morning and he’ll call tomorrow night phone number came up as London 02038076019 tonight but during the day my husband was called on 02038748146 let us all communicate otherwise someone else will be scammed again no doubt
I have been scammed by them for £24000
Damion and Alexander pairs they are scum, I would love to find them and destroy them and stop them from financially Ripping anyone else like they have me
ATTENTION :- Follow up Scam – see below email recieved November 2019
From: finance service
Subject: NextCoinCrypto
Date: November 2019
Dear XXX
I really enjoyed our conversation, thank you for being so receptive. I understand its hard to trust when you have been burned before.
One Geoffery Rosenbloom is owed 1BTC by the NextCoinCrypto finance department.
You must create a wallet and then connect this with your online banking with a holding transaction. The transaction is 20% of the amount owed. Once done you will receive the full amount of 7,197 GBP within 30-60 minutes. The amount has already been tax deducted. The holding transaction can/will be sent back to your bank account at the same time as you receive a full refund.
Check out this link and make sure to contact your bank but remember to not inform them of what you are doing with BTC.
btcbit.net
anydesk.com/en
David Roberts
Senior Financial Representative