Table of Contents
Hotlot.cc Review: Genuine or Fraudulent Investment Platform
Is hotlot.cc to be trusted? Or is hotlot.cc unreliable? Because we are concerned about the financial safety of our readers, we did an extensive research and made a review on Hotlot. Please read our review before you decide if you should throw your time, expectation, and money into this platform.
What Is hotlot.cc?
Hotlot is a high yield investment platform which claims to be registered in the UK. They are, allegedly, an investment game where participants buy lots that earn them profit according to a given algorithm.
Hotlot is located on www.hotlot.cc. Hotlot has, at the moment, 502 registered users, as written on their website. They promise to provide a 10% profit daily and their contact information is:
Email: [email protected]
How Does hotlot.cc Work?
Hotlot claims to run a platform designed to return unbelievable profit in so short a time. After registering, users are expected to buy lots from hotlot (the price of each lot is from $1.00 to $999.00). These lots are then frozen for a while, where they grow interest. After that, the profit and the deposit principal of the user will be deposited into the user’s account.
The supposed assurance and profitability of investing with hotlot would be attractive to any investor. But is hotlot.cc to be trusted? Hotlot.cc uses a very neat and well-designed website layout, with a good and believable user interface, giving it a convincing feel. But they are not reliable.
What We Found about hotlot.cc!
Hotlot claims to be a legally regulated and registered company but this is not a reliable information. We are aware that getting a verified company registration credential is not a guarantee of authenticity because anybody could get a certification and address from Company House. Their website, hotlot.cc, after passing through series of tests, shows it is very recent. The reasons why you should be weary of investing your money with Hotlot are:
- Their certifications and testimonials are unverified and therefore could be false, a way to win the trust of unsuspecting investors.
- We found no information on the company or the people behind hotlot. This is a red flag, as there is no one to hold accountable should things go south.
- Hotlot promises to provide long term investment plans but we discovered that their domain is a short life expectancy domain and could go offline at any moment.
- Hotlot, like other hyips, as a business model, is not sustainable. They could fold at anytime.
- They have no contact information and their social media links do not work. So how does one reach them when one is in need?
Verdict!
Hotlot.cc, despite seeming reliable, should be approached with caution. As there is always a risk factor in any investment, and also a possibility of loss. Never forget to invest with money you can afford to lose.
There are many untrustworthy investment websites on the internet promising get rich quick options. Most people attracted by these “too good to be true” ROIs from these sites have invested their money expecting profit but lost everything in the end. You do not have to become one of them to learn from their experience. It is unfair to fall victim to fraud and lose the money you earned from honest work. Fact checking should be a priority before you throw in money into any online investment scheme.