The firm is a ponzi scheme operating for a short period before disappearing from the market. Our Final VerdictĬ is nothing but a con firm. This is definitely a clear sign that your funds are not safe with this firm at all. Moreover, is already listed in the warning list of the Financial Conduct Authority since it is unlicensed. The high return rates promised per account is a way to lure investors to their platform. So far, only negative reviews have been published by investors as they are not satisfied with what the sales page of the firm is purporting to promote. Customer FeedbackĮven if you search for all over the internet, their is no positive feedback on. This explains why your funds are not safe here. When this information is not available, safety of your funds becomes a challenge which should be addressed immediately. Important details like this should not be a task to find out but easy to trace to raise any concerns about the company. The referral program is a way to attract new investors and often pay referral fees, as high as 25 percent, to anyone who can recruit more people.Ĭ doesn’t provide any details of who runs the daily activity of the firm. Secondly, apart from the company being unregulated, it is an offshore firm.Ī universal characteristic of offshore brokers is that they are anonymous and can disappear at any time without any notice whatsoever.įurthermore, not only is this firm known for abusing trading regulations but also is promising unrealistic returns upon investment. This gives the firm an upper hand of luring and scamming inventors like you. This firm is not regulated by any financial body. Reasons why you should avoid įirstly, is a Ponzi scheme operating for a short period of time before disappearing from the market. Most HYIPs are Ponzi schemes where the organizers take money from new investors to pay returns to established investors.įurthermore, High-Yield Investment Programs ( HYIP) are unregistered investments typically run by unlicensed individuals – and they are often frauds. To begin with, this firm is a fraudulent investment scheme that purports to deliver extraordinarily high returns, in excess of 100%, on investment.
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