Welcome to my Finstorage Biz Review!
Recently I have been asked from one of my follower to do a review finstorage.biz, so I decided to have a closer look.
At the first glance, you will see an insanely high return on investment which even looks crazy for HYIP.
However I don’t based my research purley based on ROI number.
If you are, like anyone else, thinking about this huge opportunity and wondering whether it is legit or not, you are in a right place.
I am going to go through the company, products, registration, compensation plan and everything that is about Finstorage biz.
Make sure your read this till the END before investing…
Table of Contents
Finstorage Biz Review (Company)
Landing on their website, there is no information in regards who runs or owns the company.
Checking their website registration via who.is I can see that ‘finstorage.biz’ has been privately registered on October 2019 and has been updated fairly recently on November 2020.
The only information that I was able to get from their domain registration was the country that the domain were being registered from which is Panama.
Furthermore they do provide a registration number for UK Companies House on their website, although they don’t actually link to the certificate.
I grabbed the certificate from UK Companies House and found out that ‘FINSTORAGE LIMITED‘ has been incorporated on 24th of November 2020. The nature of the business, stated in the certificate is financial management.
Under the ‘People’ section of the certificate I can see a person called ‘MARTIN, Beryl Ivy’ acting as the director of the company.
I did a bit of research into that name and I wasn’t able to find any digital footprint (such LinkedIn/Facebook profile) connecting this person to FINSTORAGE LIMITED. All I can assume is that this is fake person.
One more thing I would like to point out is the address (1 Rockley Road, London, England, W14 0DJ) that they have provided on the certification. Putting the address into the Google map and here is what you get:
I don’t know about you, but this doesn’t look like an office to me. The right building is a Hotel and the left building is residential.
So far they haven’t been transparent at all which is always a big red flag.
Finstorage.biz Reviews (Products)
Finstorage biz doesn’t have any product or services that you can sell to a real customer. All you can do is to sign-up, create an account, join the affiliate program and start promoting their affiliate membership.
Finstorage Biz Compensation Plan
Finstorage is an online cryptocurrency trading platform that provides 9 different investment packages.
These packages are as follows:
FS-1
- 2.1% Daily for 20 days
- Minimum: $10
- Maximum: $5,000
- Principal: Back
FS-2
- 2.3% Daily for 30 days
- Minimum: $20,000
- Maximum: $50,000
- Principal: Back
FS-3
- 2.7% Daily for 45 days
- Minimum: $35,000
- Maximum: $75,000
- Principal: Back
FS-4
- 500% After 25 days
- Minimum: $20,000
- Maximum: $70,000
- Principal: Included
FS-5
- 700% After 35 days
- Minimum: $10,000
- Maximum: $50,000
- Principal: Included
FS-6
- 1200% After 60 days
- Minimum: $5,000
- Maximum: $25,000
- Principal: Included
FS-7
- 2500% After 90 days
- Minimum: $300
- Maximum: $15,000
- Principal: Included
FS-8
- 5000% After 120 days
- Minimum: $100
- Maximum: $10,000
- Principal: Included
FS-9
- 8000% After 180 days
- Minimum: $100
- Maximum: $5,000
- Principal: Included
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Finstorage Biz Affiliate Program
Finstorage.biz has a simple uni-level type affiliate program.
Uni-level affiliate program is presented in the diagram below:
Uni-Level referral program starts with you at top, then whoever you personally recruit are going to be your Level 1 recruit.
After that, whoever your Level 1 recruits is going to be your Level 2.
This basically goes down an infinite level as it’s illustrated in the above image.
Finstorage biz, however cap their referral to 3 levels.
- Level 1 (personally recruit): 5%
- Level 2: 2%
- Level 3: 1%
Finstorage.biz Representative
Rules to become a finstorage biz representative:
1. You must show us that you have the ability to attract investors.
2. You must help in solving difficulties and problems regarding our project.
3. Promote our investment program in your geographic region by organizing training seminars, conducting regional advertising campaigns, consulting clients on company services, etc.
4. To receive a referral commission, you must be an active investor and have a deposit, the higher your deposit, the higher your referral commission will be.
5. This is also important to know! In case of violation of the rules, attempts to cheat, the referral reward will be set to the previous level 5% -2% 1% or completely disabled for your account.
Once you satisfy those rules then you will get different commissions such as below – These are grabbed from here:
Referral commission for partners, bloggers:
Level A: From 10 to 25 active investors 1-level,with a structure turnover from $ 1000 to $ 5000 (your active deposit is from $ 10 to $ 300)
Referral commission is set at: 6% -2% -1%.
Level B: From 25 to 75 active investors with a structure turnover from $ 5000 to $ 15000 (your active deposit is from $ 300+)
Referral commission is set at: 7% -2% -1% -0.5%.
Level C: From 75 to 150 active investors 1-level,with a structure turnover from $ 15000 to $ 50000 (your active deposit is from $ 500+)
Referral commission is set at: 8% -2% -1% -0.5%-0.5%.
Level D: From 150 to 2000 active investors 1-level,with a structure turnover from $ 50000 to $ 500000 (your active deposit is from $ 1000+)
Referral commission is set at: 10% -2% -1% -1% -0.5%.
Referral commission for MONITORS:
Level A: From 1 to 25 active investors 1-level,with a structure turnover from $ 1000 to $ 5000 (your active deposit is from $ 10 to $ 300)
Referral commission is set at: 5.5% -2% -1%.
Level B: From 25 to 75 active investors 1-level,with a structure turnover from $ 5000 to $ 15000 (your active deposit is from $ 300+)
Referral commission is set at: 6% -2% -1%.
Level C: From 75 to 150 active investors 1-level,with a structure turnover from $ 15000 to $ 50000 (your active deposit is from $ 500+)
Referral commission is set at: 7% -2% -1%.
Level D: From 150 to 2000 active investors 1-level,with a structure turnover from $ 50000 to $ 500000 (your active deposit is from $ 1000+)
Referral commission is set at: 8% -2% -1%.
You can also offer separate rewards (discussed individually).
Finstorage.biz Review – Withdrawal
Here I will put some information I gathered via finstorage.biz in regards to withdrawal/deposit.
- Accepted payments methods are: Perfect Money, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash and Dogecoin.
- Fixed cryptocurrency rates for every program: BTC=$20K | LTC=$165 | ETH=$1200 | BCH=$450 | DASH=$100 | Dogecoin=$0.004.
- Three confirmations are required for cryptocurrency deposits.
- You can’t add extra deposit to your current deposit.
- There is no charge for deposit or withdrawal.
- There is no withdrawal request limits.
- Minimum withdrawal amount: PM=$0.20 | BTC=$5 | LTC=$1.5 | ETH=$3 | BCH=$1.5 | DASH=$1.5 | Dogecoin=$0.20 .
- Withdrawals are not instantly processed. To ensure maximum protection of your account and funds, we carefully check all requests for withdrawals and process them manually. This process might take up to 36 hours. Of course, we try to pay more quickly, within 5-8 hours.
Cost To Join Finstorage
Finstorage is free to join. You can simply go to Finstorage.biz and open up a free account, however in order for you to participate in any of the investment plans, you need to at least deposit $10 with them.
Now that I have went through all the details about finstorage.biz it is time for my unbiased third party verdict.
Final Verdict
So do I trust them ebough to invest my coins with them?
My short answer would be no, and here are my reasons.
Firstly, they haven’t been upfront about who is behind the company, this is always a big red flag.
They are working in a financial sector and provide passive income, this means they need to be registered with financial regulators such as FCA[1].
In addition to that, they are only have UK companies house registeration, which as I mentioned before, it is mostly unregulated and is a favorite choice for scammers.
Finally, they don’t show any proof of external income. This means that the only revenue coming into the company is new recruitment paying of the existing members. This makes it your typical ponzi scheme[2].
Math behind all the ponzi schemes are the same, once they recruitments stops, so too the returns.
I can’t recommend this company!.
I hope you enjoyed my finstorage.biz review, Please make a comment below if you have any question or suggestion.
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Disclaimer
This finstorage.biz Review Article isn’t aimed at defaming finstorage.biz nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from my perspective because I strongly believe every brand needs a good
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with me via the comments box below so as to further improve this finstorage.biz review.
I get commissions for purchases made through links in this post.