There are thousands of sites that promise to help people make money. Such is Finbitcapital, a site that claims that it is promoting long-term trading strategy, which investors can benefit from.
Whoever is behind this site has packaged it as a high yield investment program, knowing that with the increase in the value of Bitcoin that many investors would be interested in it. This is not surprising since fraudsters routinely make these fake investment schemes. When would they have greater incentive to do so than when there is increased interest in digital currencies.
The owners claim that they are experts in the market, rating themselves as among 1% of 1% of experts that understand the forex market. However, despite their claims of expertise in the bforex market, their objective is to steal bitcoin deposits from participants as seen from their demand for bitcoin deposits instead of fiat.
The platform also claims that their traders operate based on best risk management protocols and have been consistently profitable.
It requests a minimum deposit of $500 for its basic plan and $100,000 for its veteran plan. It claims that investors would gain 5% profit weekly.
It is obvious that all high yield investments are scams but many users still fall for these due to lack of information.