Warning: Is Robycoin a Scam?

Review: Robycoin (robycoin.com)

We audited Robycoin (robycoin.com) and uncovered alarming details.

Robycoin appears to be a investment provider, but it is unregulated by any credible financial regulator, like the ASIC or CySEC.

Scammed by Robycoin?

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Is Robycoin Legit?

Robycoin operates without oversight.

Investing with unlicensed entities is extremely dangerous. Legitimate firms are always licensed with bodies like the SEC, ASIC, or FCA for your protection.

Robycoin lacks this supervision. This means there is no safety net if they keep your money. Most investment fraud use unregulated entities, and recovering money from them is difficult without expert assistance.

For instance, in the UK, unauthorized firms are outside the jurisdiction of the compensation schemes. In America, they are not members of regulatory bodies, so your money is completely exposed.

How They Steal Money

Online trading fraud is evolving. Scammers use psychological tricks to steal your savings. Below are typical methods used by brokers like Robycoin (robycoin.com).

Dating App Scams

The "Romance Scam" is a brutal tactic where scammers build trust over months. They fake a friendship on social media. Once trust is built, they introduce a secret crypto opportunity. It is a lie to lure you onto a scam site like Robycoin.

Fake Trading Dashboards

Fraudsters build websites that look exactly like real trading apps. You see graphs and profits that increase. But it is a fake. The broker manipulates the prices to convince you to deposit more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Cold Calling: You get calls from "brokers" you don't know.
• Unregulated: The firm lacks legal registration.
• Guaranteed Profits: They guarantee 1% daily returns or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
• Pressure Tactics: "Account managers" pressure you to deposit more.

Ignore fake reviews. Scammers frequently write their own 5-star reviews to look legitimate.

Verdict

Robycoin is unsafe. It appears to be a fraud. Save your funds and find a regulated broker. Avoid robycoin.com at all costs.