Report a Scam and File a Chargeback COTP

Should You Trade with COTP?

COTP tells prospective customers that it offers trading that can serve as passive income. It is allegedly an MLM or a multi-level marketing operation that encourages people to recruit others for a fake service. It also says it has a license from FINCEN, but it is actually fake, which is another reason not to trust COTP. 

We Have Found Some Problems with COTP

COTP claims to give its customers a 4% ROI. This is a sign of a possible scam. No reliable brokers will promise specific returns from trading. There is no way any brokers can guarantee returns, and if a broker does, then stay away. It’s important to be able to recognize signs of possible fraud, and COTP shows several red flags. First of all, it has no license, it aggressively recruits clients for a service that doesn’t really involve any trading. In addition, COTP fakes its licensing and makes false guarantees of returns. 

Red Flags Concerning COTP

  • No license

  • False claims
  • No transparency
  • Negative reviews

What Should You Do If You Have an Account with COTP?

We do not recommend opening an account with COTP. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.

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