Setting up a scam site may not be as easy as it seems. In fact, it could be tough for scammers with investigators like Cryptoinfowatch moving after them.
This is why despite their efforts, many are still having a tough time breaking through with many new investors being enlightened. Let’s see what Forex Mining Ltd is about.
This is necessary in case you came across this site and you’re thinking of making some investment deposits. We are aware that people come online daily in a bid to make money.
The new entrants are usually not aware of the wiles, guiles and intricacies involved in making money on the cyberspace, so it is easy for them to fall prey to scammers.
This investigative review is essential to help you or any other investor protect their funds and invest them wisely.
What is Forex Mining Ltd?
This, according to the site is an investment site in which participants would have nothing to worry about if they just made deposits of any spare funds that they have.
It claims that the highly profitable investment scheme is safe and simple for all categories of investors.
The company in its assertion stated that it is meant for people who want to make gains in the forex market but do not have the necessary skills to go through the intricacies involved in it.
In other words, it has highly skilled professionals that would help the investor make money.
“If you want to earn money on the Forex market, but do not want to delve into the intricacies of financial operations, or simply do not have sufficient experience to conduct profitable trading, forex-mining.ltd is the best choice for you! We have the necessary experience and excellent prospects in the field of international asset management and Forex trading.”
Aren’t You Supposed To Profit The next Day?
It is worthy to note that irrespective of how careful an investor may be, there are sites that are expertly primed to deceive people and they do a good job at it. This happens very rarely though. Scammers succeed when no one pays close attention to the red signs.
The Forex Mining Ltd site claims that investors could get back their funds with the profit in a short time of a day or two, yet they’re telling investors to put in funds they won’t need in a long time.
Isn’t it obvious from the latter statement that if you make deposits with this site, you won’t be getting your money back? Let’s look at the statement again:
“forex-mining.ltd is the easiest, worries free investment solution, provides investors the opportunity to acquire guaranteed profits. And if you have some free money you are not planning to use in the nearest future, depositing the money would be useful for making your money grow.”
High Yield Investments Are Scams
Why should you believe that it is possible to become rich overnight just by making deposits to an investment site? Making money or wealth doesn’t work that way.
Fraudsters are taking advantage of the fact that people are interested in the no-work, instant-wealth opportunities to defraud people in their thousands.
Billions of dollars have been lost to scams because many people do not crosscheck information they come across the internet and elsewhere.
Forex Mining Ltd promises its investors that they could earn up to 300 percent in 2 days. If such investments were possible, everyone would be rich, but it is not.
This is why the Securities and Exchange Commission on their website warns:
“If it sounds too good to be true, it is. Compare promised yields with current returns on well-known stock indexes. Any investment opportunity that claims you’ll get substantially more could be highly risky. And that means you might lose money.”
From what we know of the Forex and stock market, such profits are impossible to be sustained. The only reason Forex Mining Ltd offers such high ROI is that they have no intention of paying it. They’re just interested in stealing the funds sent to them.
Scams thrive because people do not research before investing. Some scammers have been making their living by stealing from people and moving from scam to scam.
We recently saw with Elitefinfx which after stealing investor’s funds moved to a new scam Efx 2.0. This is why you should not believe everything that you read on the internet.
How Long Has This Site Been Online?
It is a well-known pattern that scam sites mostly lie about their duration in business. Every site wants online credibility and the best way to earn it is through longevity. The longer the site has been in business, the likelihood that many would trust it.
Fraudsters need your trust to propel you to send them your assets. This is why they backdate the date they started business. However, a Whois search would give insight into the age of the domain and verify or disprove the claims made by the owners.
Forex Mining Ltd claims that it has been online for 830 days. We ran a duration test with Whois and found out that the site has been online for just 60 days.
Genuine investment sites do not lie about any aspect of the company’s operations. They do not promise outsized returns and never claim that there are no risks.
These are the sites that savvy investors put their money in. They know that the managers of the funds would always do the right thing because they are regulated by appropriate regulatory agencies.
For the investment site that we recommend, check here.
What is your experience with fraudulent investment sites? Please share them using the comment box below.