Yield-Sphere is a new cryptocurrency and investment site that has raised several red flags among online safety experts and financial regulators. While it touts high returns via new crypto services, several third-party sources have reported troubling trends related to the website.
About Yield-Sphere
Company Name – Yield-Sphere
Website – https://www.yield-sphere.pro/
Address – NA
Regulatory Warning – Financial Conduct Authority (United Kingdom) – FCA
Concerns Raised by Investors
Several other users have reported similar experiences with Yield-Sphere, including unresponsive customer support and difficulties withdrawing their money. Most often, investors say they were enticed by aggressive marketing, only to realize that once deposits are placed, the company is virtually impossible to reach. Several other users have mentioned that once they had asked for withdrawals, their accounts were either blocked or labeled under “review,” a typical stall method described in scams.
FCA Warning
To the distrust, the UK Financial Conduct Authority (FCA) has made a public warning against Yield-Sphere, cautioning consumers against dealing with the company. The FCA went out of its way to say that Yield-Sphere was not authorized to conduct financial services in the UK and may be carrying on business illegally.
Technical and Hosting Concerns
Technical site inspection reveals that the site is hosted on a server that also hosts other low-rated sites, and the registrant of the site is one commonly used by scam operations. The language typical of online scams, such as “guaranteed returns” and “zero risk investment,” dominates the site. Moreover, the young age of the site diminishes its credibility even further.
Frequently Asked Questions
Q: Is Yield-Sphere a regulated financial platform?
A: No, Yield-Sphere is not regulated by the FCA or any recognized regulator.
Q: How can I withdraw money from Yield-Sphere?
A: Most users complain of being unable to make withdrawals or access their money.
Q: What do I do if I’ve invested in Yield-Sphere?
A: Get in touch with your bank straight away and report the matter to your country’s financial regulator.
How to Recover Money from Scam Brokers
If you lost money trading with Robo Invest, Bitget Pro, or any other broker, don’t worry. Help is coming!
Go to Scams Report – a reputable company that assists victims in recovering funds that have been lost to fraudulent brokers. They have a proven team of experienced staff that will assist you in chargeback procedures and, in some situations, can pursue legal channels to help change your ability to recover your lost capital. Don’t let the scammers win! Take action today, and contact us if they want to help prevent further losses of funds.
