Forexprofits.biz Review: Up To 2000% Crypto MLM or Ponzi Scheme?
Welcome to my Forexprofits.biz Review!
This is one of the latest Crypto HYIP that has caught my eyes, so I decided to take a closer look.
Probably you have been approached by a friend or an affiliate to join Forexprofits.biz, and you want to know if you can make 2000% ROI on your crypto.
Heck, I am tempted and want to know if it is legit or not!
That is why I have done extensive research and now write this review for anyone interested in joining Forexprofits.biz.
In this review, I am going to go through the company, products, compensation plan, and much more. By end of this review, you will have all the information you need to make an informed decision.
Pay close attention and make sure you read this till the END.
What is Forexprofits.biz
Forexprofits.biz is a high yield trading platforms that allow users to invest in cryptocurrency and promises very high returns.
Forexprofits.biz Review Company
You can’t find any information on the forexprofits.biz website about who runs or owns the company. So I decided to check their domain registration. Forexprofits.biz has been privately registered in December 2020, which is not that long ago.
Based on Alexa Rank, most of the traffic coming to Forexprofits.biz is from Russia following by Bangladesh and Egypt.
Now, they do provide a UK company house registration number on their website, which obviously I had a look at that too.
Based on their UK registration, FOREX PROFITS LTD operates in the fund management sector and the company has been incorporated fairly recently, in January 2021.
Forexprofits.biz does not provide any retail-able product or services that you can sell to a real customer.
All you can do is to become an affiliate and promote their affiliate membership. This means you can also invest in hope of earning that advertised return on investment!
All they claim is that they have a super experience team with more than 5 years trading experience.
Forexprofits.biz Investment Packages
Currently, Forexprofits.biz provides 12 investment packages. The packages are as follow:
- 0.5% Daily for 365 business Days – min deposit $10
- 3% Daily for 100 business Days – min deposit $25
- 5% Daily for 40 business Days – min deposit $1000
- 10% Daily for 20 business Days – min deposit $3000
- 20% Daily for 10 business Days – min deposit $5000
- 150% After 1 business Days – min deposit $10,000
- 200% After 3 business Days – min deposit $5,000
- 300% After 7 business Days – min deposit $3,000
- 400% After 15 business Days – min deposit $4,000
- 500% After 40 business Days – min deposit $100
- 1000% After 80 business Days – min deposit $20
- 2000% After 125 business Days – min deposit $10
Forexprofits.biz Review Compensation Plan
Forexprofits.biz uses a simple unilevel affiliate structure.
You can see how this structure works in the image below.
The affiliate program allows project participants to receive additional profit on the investment amount 5% to 10% on 1st Level for every deposit of your referrals depending on their numbers: 1-200 Referrals: 5%, 201-500 Referrals: 7%, 501 – or more Referrals: 10% . You can also earn 2% on 2nd Level and 1% on 3rd Level.
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Forexprofits.biz Scam or Legit?
So is Forexprofits.biz scam?
Well based on the facts I layout it here, the short answer is YES.
They haven’t been transparent and we don’t know who runs the company.
In addition to that, they don’t show any proof on how they are gonna make those promised return on investments.
Also, the UK registration is mostly unregulated and fairly cheap, which makes it a favorable choice for scammers.
They claim that they have been around for more than 5 years, however their domain registration and UK certificate is not even a year old!
Any company or platform that works in the Financial sector and promises returns on investment, needs to have registration with financial regulators. Especially the financial regulators from the jurisdiction that they operate in. Forexprofits.biz is not registered with FCA (UK Financial Conduct Authority) or any other regulator.
The only income I can see coming in is the new investors paying of the existing ones. This makes it your typical ponzi scheme.
And we know what happens to ponzi schemes, once the recruitment slows down they start planning their exist scam.
Since we don’t know who is behind the company, there is pretty much no way for you to get your money back!
I can’t recommend this company.
Forexprofits.biz Review / Recommendation
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Think Rich and see you at the Top!
This Forexprofits.biz Review Article isn’t aimed at defaming Forexprofits.biz nor is it targeted to promoting them.
This article is strictly for enlightening purposes and an 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 Forexprofits.biz review.
I get commissions for purchases made through links in this post.
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