You’ve heard of forex and may have been a part of it one way or another. But this review is not really about forex but a scheme that used the term as a domain name. The site, Forex Investment UK is the focus of this post. The essence is to give you a background overview of what the site is about in case you came across it and your’re wondering if it is a good investment opportunity.
If that is your situation, I encourage you to go through this post. You’ll not just know about Forex Investment as a supposed scheme that promises to help you make money, you’ll also learn what to look out for in your quest for solid investment opportunities.
What is the Site All About?
This is a site that claims that the entity behind it has been involved in trading of forex. It also claims to be a new company with many experience professionals behind it.
The site claims that the company is registered in the UK even though it did not give any evidence to prove that this is so. Rather what we noticed about this particular site is an attempt to balance between the claims that it has experienced professionals behind it and the need to let investors know that it is a brand new opportunity to make profit.
Nevertheless, what is obvious is that companies such as this are mainly focused on developing strategies to get people to send them their funds. This is why little effort was put into proving that the owners are actually involved in a profit-generating business.
Just Like The Make-Money ‘Gurus’
Years ago, the internet was agog with money-making gurus who claimed that they were making thousands of dollars daily or weekly. They called on all others who wanted to get the secret to instant wealth to buy their profit-in-a-box trainings but at the end of the day, the only person that made money was the guru because he got his own wealth from others.
Why Do They Need Your Money?
According to the site, the operators claimed that they are traders that are so good at trading forex that they evaluate the risks and make profitable trades taking advantage of impeccable forecasts. The question is why they would want you to send them your funds if they’re actually making all that money.
The reality on ground concerning forex traders or any other trader is that they’re too busy following the market and working to grow their own capital to be concerned with the funds of others.
Most sites that claim they are investment programs where investors would grow their funds are actually frauds with the intention to steal the funds that are sent to them. This is especially so if the owners of the site are not known as in the case with Forex Investment UK. Just think about this: why would a legitimate business hide the identity of the owners, especially if they’re soliciting for funds from the public? Click To Tweet
If you’ve heard of high yield investment programs, you would know that it is a sort of scam in which the operators use promises of high rewards to lure investors. What is happening these days is that fraudsters are setting up scam sites using the prospect of high return on investment as bait to lure people to make deposits on such sites. If they do, they most likely get nothing back.
This is why you must never send your funds to a strange site irrespective of what they claim they pay investors as reward. That these sites are increasingly common stems from the fact that many people are not aware of the reality of genuine investment.
The Forex Investment UK site claims it could pay people that buy their investment plans up to 500 percent profit. This is ridiculous and every experienced investor knows that this is impossible.
No one would share their profit with you if they have ways of doubling, tripling or quadrupling their own capitals. The scammers behind this site are just hoping that some people would be fooled into believing they would get rich by investing. Unfortunately, those who do that would blame themselves for not knowing better.
Think about this, if the owners of this site have a business model that makes them all that money as they claim, why do they need your money? They would simply use their own funds and double and double it until they become the richest people on earth. They’re interested in convincing people to send their own funds because they have no business debar the quest to steal the money of others.
According to the Securities and Exchange Commission(SEC) alerts:
“In some cases, the fraudsters claim to invest customers’ funds in proprietary crypto trading systems or in “mining” farms. The fraudsters promise high guaranteed returns (for example, 20-50%) with little or no risk.
After the investors make an investment, typically using a digital asset such as Bitcoin, the fraudsters in some cases stop communicating with the investors altogether. These fraudsters can quickly send your money overseas, with little chance of you being able to get it back. Sometimes the fraudsters direct investors to pay additional costs (such as purported taxes) to withdraw fake “profits” earned from the investment. This is an example of an advance fee fraud scam, where investors are asked to pay a bogus fee in advance of receiving proceeds, money, stock, or warrants.”
It’s not really difficult to identify scams if you know where to look. The features of scam investment sites are such that the intention of the fraudsters is clear irrespective of how they try to conceal it especially with high yield scams.
No genuine business wastes money because they’re in it for profit. So when a site claims it could pay you 100 percent in one month, it is likely a fraud. Every genuine business makes sure that the managers are known because it is a way to show its integrity. They do not solicit for investment from the public without due process.
Also reputable investment company would have the appropriate regulatory agency oversee its activities. This is the way to assure the public that they would not mismanage the funds entrusted to them.
You must have noticed the fake office address and date of commencement of operation. fraudsters extend how long they have been in business because their intention is to make people think they have built online reputation and credibility like good investment sites. The date the site was registered can be seen from the Whois record above.
Forex Investment UK is another nasty attempt at stealing people’s money. This is why investors are advised to learn about what they’re investing in. It is recommended that when people invest, they should use known and reputable investment companies.
The site that we recommend would help you grow your assets through a systematic social investment program. You can even copy the best traders in the business and get the exact result as they. You can check our top recommendation for a copy trading experience even if you know nothing about trading and investing.
What’s your opinion about Forex Investment UK? Please share it with us using the comment box below.