One of the coolest things about the internet is the availability of easy and quick investment schemes that promise quick profits. Although there are thousands of websites that promise quick returns for cryptocurrency investments, few are credible enough to be entrusted with investors’ funds as we shall see with 24expertsignals.
Few investment sites actually deliver on this promise with a majority proving to be fraudulent platforms. It is easy to fall victim to one of these numerous scam services without the right information to guide you on how to identify such platforms.
In this review, we would analyze one of the websites that promises quick return on investments for cryptocurrency deposits, 24expertsignals. Read along as we look at the whether the investment site is a genuine or fraudulent platform.
What is 24expertsignals?
24expertsignals is an investment site that belongs to a company that claims it manages cryptocurrency funds for its clients for profits. The company which was founded in 2012 has a link to a pdf file on its homepage which states that it registered under the Australian Securities & Investment commissions (ASIC).
According to the information on its homepage, it uses a unique value based strategy created to maximize profits for investors. The site also promises a full range of investments with different benefits and rewards for investors that signup for its services and buy investment plans.
It further claims that its intention is to maximize the benefits that their investors get from their investments while ensuring that they have nothing to bother about.
Is This A Reliable Site?
One of the features of sites that have no reputation but eager to get investors to send them deposits is that they lay emphasis on trying to gain the trust of the prospective investor.
One of the best ways to identify the legitimacy of an investment company is to check the official documents of identification displayed on its platform. However, it is important to note that there are some fraudulent sites that would not list any documents, leaving you with nothing to work with.
However, we are lucky that there are clues to the intention of a site such as this, so we can make definite deductions on the legitimacy and intention of the entity behind it.
24expertsignals fails in this step as the ACN number which the company claims was issued by the Australian Securities & Investment Commission proved to be false when run on their database. In fact, despite the claims that it was registered by the Australian agency, no records was found on ASIC website on 24 EXPERT SIGNALS.
This implies that it was never registered with the agency but forged a company registration certificate to deceive investors to think that it is a legitimate company. Anyway, that a company was duly registered by such oversight bodies does not necessarily confer on them the authority to render financial services.
What we are trying to point out here is that 24expertsignals is run by fraudulent individuals who are just eager to take money from people without delivering on their promises through presentation of false information.
According to the Securities and Exchange Commission (SEC):
“Unlicensed sellers. Many investment frauds involve unlicensed individuals or unregistered firms. Check license and registration status on Investor.gov.”
Who Is Behind The Site?
24expertsignals lists a number of names and photographs of the persons behind the website. However on closer inspection, we discovered that the photographs used where from stock free photo websites.
This means that those running the website are fraudulent, using fake names and photographs in a bid to prove legitimacy to unsuspecting visitors. For instance, Mike Freeman, who is supposedly the CEO of the company has an image pulled from a stock photo site as shown below.
Site Launched Seven Years Late
The investment website was launched in March 2019 despite the company supposedly having been incorporated in July 2012. There is a seven years difference between incorporation and launch which is the common feature with most cryptocurrency scam sites.
With this discrepancy, 24expertsignals is not a genuine investment platform but a scam initiative designed to defraud unsuspecting investors of their funds.
What are the Investment Plans?
A look at their investment plans shows different daily return on investments depending on the plan chosen by an investor. The Basic plan promises 10.25% Premium 13.75% and VIP plan 18.50% daily.
Since people want quick sources to wealth, fraudsters naturally use enticing offers to lure unsuspecting investors. The reality of the situation is that no genuine investment platform has the capacity to generate such profit.
The ROI offered by 24expertsignals are unrealistic which points to the intention as a desire to lure investors and steal their funds.
You should always be wary of sites that promise unrealistic profits within a short time. Scammers know that such offers would attract investors’ attention.
Another warning from SEC says:
“Before making any investment, carefully read any materials you are given and verify the truth of every statement you are told about the investment. For more information about how to research an investment, read OIEA’s publication Ask Questions. Investigate the individuals and firms offering the investment, and check out their backgrounds on Investor.gov and by contacting your state securities regulator.”
Never commit funds to an online investment scheme without making adequate research. The best websites for investments are the ones that are regulated by government bodies and you can check our recommendation here.
If you have encountered any site that you need us to review, please use our contact form. To send in your views on 24expertsignals, you may use the comment box below.