✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in CYCLES. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Next we will show you essential information about CYCLES and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | cycles.coop |
| 🏠 Company | does not mention it |
| ️ Regulatory | not regulated |
| contact from the website | |
| 📈 Leading | own platform |
| 📌 Direction | Rafael Buelna #84 Fray Junípero Serra Fractionation Tepic, Nayarit |
⚠️ CYCLES does not mention who owns it, the company is located in Mexico, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we are going to analyze the types of account that CICLOS offers, in this case, we observe that it does not offer types of account.
Information on the web
CICLOS provides a basic explanation about the financial products it offers, some financial calculators, not much more than this.
List of phone numbers
- 311-160-6946
- 311-170-4914
- 311-162-56-89
🚫 Final assessment of CYCLES 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH CYCLES.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about CYCLES:
| Date | Update – news |
|---|---|
| August 2022 | We receive a large number of messages from CICLOS clients who claim they cannot withdraw their capital. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with CICLOS.
At the end of the review you will find customer comments.
How to Claim Money Scammed by CYCLES
How to Report CYCLES
FAQs
How can I report CICLOS?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is CICLOS a scam – is it a scam?
Yes. We believe that CYCLES is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is CYCLES reliable?
No. CICLOS is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from CICLOS?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to CYCLES?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
DO NOT INVEST IN CYCLES, it is not recommended, they lie, you give your money and they say that in one year you can withdraw it, however, when you sign up, the process must be so fast that you sign because they only give you minutes and what you sign says that they will not return you the money even if the “Paleras” (who are called regional managers) swear and promise that if only to deceive, you will not lose by pocketing others
Hello Fernanda, thank you for writing about CICLOS. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Cycles, it seems to be a Ponzi Scheme, a type of pyramid, what they offer you is something out of the market, here the maxim applies: “too good to be true”. When they offer you something very good that exceeds the offers of the entire system, waters!!!!!!
Hello LUIS, thanks for writing about CICLOS. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
This company is a pyramid scam.
Hello Male-Juarez, thanks for writing about CICLOS. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.