MoneyInvesta Review: Forex Paradise Makes a Come Back to Steal Your Money

If you have been cheated by Forex Paradise before, you probably remember this big cheater. Today, Forex Paradise makes a come back as MoneyInvesta to steal your money again. For those who do not know about Forex Paradise, it operates exactly like MoneyInvesta (with an exact site template). Almost everyone thought MoneyInvesta is a legitimate company, it is not. Read this unbiased review before you invest.

MoneyInvesta Review Forex Paradise Makes a Come Back to Steal Your Money


MoneyInvesta Review: Forex Paradise Makes a Come Back to Steal Your Money

To keep the long story short, MoneyInvesta is a high-yield investment program (HYIP). If you have read the definition of HYIP on Wikipedia, It is s a type of Ponzi scheme, an investment scam that promises unsustainably high returns on investments (ROI) by paying previous investors with the money invested by new investors.

The MoneyInvesta is a fake investment company. From the official website, one can notice it is an HYIP investment scam that aims to steal your hard earned money. Why? There are a few red flags I managed to pick up.

#Red Flag 1 – Old Big Cheater, Forex Paradise

Look at the screen shots of Forex Paradise that has been proven a big cheater and MoneyInvesta, can you see the similarity?

MoneyInvesta Review Forex Paradise Makes a Come Back to Steal Your MoneyMoneyInvesta Review Forex Paradise Makes a Come Back to Steal Your Money

#2 Domain Registration

The second red flag is the fact that MoneyInvesta is unwilling to share any basic company background with you. Their domain was registered on 15th March 2016 and domain whois showed the setting is private but the website itself is registered in the United States.

The registrant’s name doesn’t show up. I have tried to search for the person who is running the scene on the internet and nothing appears. This is a clear warning that the scammer does not want to reveal his or her real identity to avoid detection.

If a company is not upfront and willing share basic information about the company, then it is either a scam or not worth your time and money.

MoneyInvesta Review Forex Paradise Makes a Come Back to Steal Your Money

#Red Flag 3 – Vague Investment Information

Obviously, there is a lack of details on how MoneyInvesta manages the money from the investors such as underlying insights, strategies, goals, and techniques. MoneyInvesta tends to be vague about the strategies used in their program.

Most importantly, given that MoneyInvesta is an Investment Service based in Hong Kong, it should be regulated by the Securities and Futures Commission (SFC) of Hong Kong. There is, however, no record of the company in the public register.

This is your hard earned money, please do not be afraid to ask questions. A genuine financial professional will usually be happy to explain in detail the investment program they are marketing. Unfortunately, MoneyInvesta fails to do so.


Final Verdict

MoneyInvesta is a fraudulent investment scheme where they pay returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.

MoneyInvesta Review Forex Paradise Makes a Come Back to Steal Your Money

It is a pyramid scheme that typically collapses in the end because it requires exponential increases in participants to sustain the business model. That simply means the scheme cannot go on forever.

MoneyInvesta probably still pays their investors for now as the program is still relatively new on the market. When there is insufficient investment fund from the new recruitment to the older investors, the entire structure will collapse.

I am not a fan of these HYIP programs. It is very rare that I recommend them because there are some things you need to know before you dive into this and throwing your hard earned money around.

Every investment carries some degree of risk, which is reflected in the rate of return you can expect to receive. If your money is perfectly safe, you’ll most likely get a low return. High returns entail high risks, possibly including a total loss on the investments.

Fraudsters like MoneyInvesta spends a lot of time trying to convince people that extremely high returns are “guaranteed” or “can’t miss.” They try to plant an image in your head of what your life will be like when you are rich.

Don’t ever believe it.

Based on my observation, it is very clear that MoneyInvesta is an investment scam.

I reviewed some other similar HYIP in my blog too like CoinceAmaing 5 and Capital7. They work the same way as MoneyInvesta.


Why do people keep joining HYIPs knowing that they are Ponzi schemes?

GREED!

All these Ponzi Schemes aim at people who want to get rich quick and do not want to take the tried & tested route of – hard work = success.

Most people want to make lots of money quickly and the legal options are often very limited (e.g. Lottery). When a product promises to give you exorbitant returns, people tend to believe it due to our greed.

However, most of the people end up losing their savings and hard-earned money.

I wrote an article on How to Invest Online Without Being Scammed. This should serve as a reference when you look for a legitimate investment company on the internet.


Final Word

I don’t like the reliance on Ponzi scheme in order to make bad money. I do not believe in HYIP because they are too risky and most of them are not legitimate.

If you really want to make some investment, you could possibly look into legitimate companies such as Genesis Mining. It is a company that sells mining contracts for Bitcoin and other cryptocurrency.

Their main operation is in Iceland where they provide an easy and safe way to invest in their mining facilities. In return, you get a certain percentage of mined cryptocurrency daily.

MoneyInvesta Review: Forex Paradise Makes a Come Back to Steal Your Money

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