If you’ve come across Finorion Biz, you may be wondering if this is the opportunity that you’ve been waiting for all these while. This is especially so if you are not very well informed about the inner workings of the cryptocurrency ecosystem.
Many Malicious Players
The attraction cryptocurrencies holds for scammers is premised on the liberty it affords the user. The fact that its peer to peer features makes it easy for a holder of the digital currency to transmit and transact with another person without necessarily going through an intermediary makes the coin a great tool of exchange.
Therefore this is responsible for the appeal it has for many malicious players. This is why sites like Finorion Biz are set up daily to convince gullible investors to part with their funds.
Bitcoin is Money, It is Earned
Before you look at what Finorion is all about and what they have promised the investor, it is important that we understand that cryptocurrencies such as Bitcoin, Ethereum, Litecoin and most of the other digital tokens that you would come across are digital money. So to be properly guided in their use, it is important that you put their value in proper perspective.
A digital currency is money, so all the functions and features of money are borne by it. Therefore it would be foolhardy for anyone to believe they could earn a digital currency freely from any website.
Scammers are aware of this fact. They’re also aware that there are many that are not informed about this reality. That is why they sell useless services and products with outlandish promises to those that are not aware.
What is Finorion Biz?
The company claims that it is involved in financial management of assets that its clients deposit with it. It stated that it is involved in forex trading despite other activities in the London Stock Exchange.
Even though none of these claims is verifiable, the setting of the website is an indication that the people behind it are not professionals as they claimed. Furthermore, of concern is the fact that the quality of the web copy leaves a lot to be desired as could be seen from this:
“We are sure that the right combination of the best world experience with a deep understanding of the realities of Forex market, politics, and financial environment is a key factor to success. Today we are satisfied by our position taken on the market and company growth.”
One would ordinarily expect that the web copy of a professionally managed company would be error free in terms of grammar, but going through the Finorion Biz site shows that this is certainly not the job of a professional.
For instance in a bid to show that it is active on the stock exchange, the copy reads,
“FINORION is also a quite active player on London Stock Exchange.”
Is Finorion Biz Registered?
A Company House database search shows that the company was registered on February 26, 2019. This means that it has not even filed its first accounts. By implication, this is a company that has zero reputation and so, not qualified to be invested with despite all the claims on its site.
You should also bear in mind that there are many registered companies that do not have the license to manage financial services for investors.
Fraudsters routinely register companies and use them as front to defraud people. So the fact that a business is registered does not necessarily mean that its activities are legitimate.
The Finorion Biz Website
The first thing an experienced investor should notice about the Finorion Biz website is that it is unprofessional. No professional fund manager would be so blatant in its quest to make the investor make deposits without first explaining how they hope to make profit.
It is a case of putting the cart before the horse. A Whois search shows that the site was registered on February 24, 2019, that is two days before the business was registered.
A site that does not have online reputation has no integrity to protect and should not be trusted by any investor.
An Obvious Scam
What will you say if I ask you to send me $1000 that I’ll pay back $2400 by this time tomorrow? Crazy, isn’t it. That’s exactly the sort of returns that Finorion Biz promises its investors. And this is one of its cheapest plans.
There’s an outrageous 3000% after 30 days. In reality, no legitimate business wastes its money. Rather, they all strive to make profit in a safe manner. High yield investment sites are scams meant to entice the uninformed or the greedy to steal their money.
Features of Known Scams
Scam sites that offer unrealistic ROI usually depend on affiliate referrals and word of mouth to create awareness about their schemes. Finorion Biz promises its affiliates 5% of the investment they bring to the site.
Unfortunately, this business is not sustainable because users would quickly realize that they have been scammed and words would go out that the owners are dishonest people stealing behind the site.
Also, scam sites are known to use false stats to create impression that investors are making deposits. This is easily observed at the base of the FinorionBiz site.
Whenever you find a site that is offering unrealistic profit such as this, that is the first indication that you’re dealing with people who will steal your funds if you’re careless to send it to them.
There are better and safer ways to invest your funds. If you’re in doubt, check our top recommendation. Please keep away from Finorion Biz.
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