NitronPay Invest Review – Is it a Scam or a Legitimate Program?
What is NitronPay Invest? Is it a scam? It is just another new High Yield Investment Program (HYIP) that aims to steal your hard earn money. Should you really trust the fake review sites on this new investment scam? The answer is NO. Read my honest NitronPay Invest Review and find out why you should stay away from this fake internet investment scam.
NitronPay Invest Review
What is The NitronPay Invest?
Name: NitronPay Invest
Website address: nitronpayinvest.com
Price: $10 (minimum)
Overall Rank: 0 out of 100
The NitronPay Invest (NPI) self-claims that it is an online investment and financial management company that deal with Forex trading that includes different instruments (futures, forex, stocks, and options). All you need to do is open a managed investment account and let their fund managers do the magic and bring in all the money.
This company also claims that once the first deposit is made, you will be getting daily interest until the deposit term expires. Depending on the investment plans you take, you can make up to 115% interest daily for a 10-hours investment plan. That’s totally awesome! Right?
Let’s investigate the investment plans available on NPI.
- Popular Plan. This plan runs for a term of 1
businesscalendar day with an interest of 108%.
- Daily Plan. This plan runs for a term of 2
businesscalendar years with an interest of 4% daily.
- VIP Plan. This plan runs for a term of 10 hours with an interest of 115%.
Do the investment plans sound too good to be true? Of course!
Hang on! Pay attention to my next few lines. Read on to learn more about this NitronPay Invest investment scam. You might be one of the unlucky ones if you are not careful with these HYIPs on the market.
These plans may be good for short bursts of profit in mid-term earning range. However, that sounds like an internet scam.
The official website of NitronPay Invest looks professional, but all the red flags are there and all the warning signs are obvious. You can expect to lose your entire account balance within days of trading with this money-making scheme.
Should You Trust NitronPay Invest?
You should not trust this investment company.
#Red Flag 1 – Domain Expiry Date
Why I said NitronPay Invest is a scam because the registered domain is expiring on March 30 2017 and it was created on March 30 2016.
On the official website, it clearly states that NPI has already been operating for the past three years. How come the domain was created in March 2016? The information does not tally at all.
Furthermore, if this is a legitimate business, why would they register the domain only for such a short period of time? Obviously, they are not planning to operate the business for a long term. They steal your money and disappear.
Taking an example of Carbon7 and Amazing5, it was also an HYIP like NitronPay Invest that came out a year ago. It is now completely gone from the market.
#Red Flag 2 – Ponzi Scheme
The referral program. This is a typical trick from most of the HYIP on the market. They offer to reward “referral fees” to investors for bringing in additional members.
That’s how a Ponzi scheme is operated. They recruit new members to sustain the pyramid scheme. They need “new” money to generate “returns” for the older investors by acquiring new investors.
It 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.
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.
TheNitronPay Invest 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.
See illustration below.
#Red Flag 3 – Vague Investment Information
Obviously, there is a lack of details on how NitronPay Invest manage the invested fund from the public. NitronPay Invest tends to be vague about the strategies used in the investment programs and how they help to generate interest by trading on the stock market.
Furthermore, they are not backed by a real and verified trader. There is no proof and information at all on who are running behind the scene.
NitronPay Invest provides very few details about how they run the company and how profits are generated. HYIP like NitronPay Invest should always be able to explain how they intend to generate returns.
I have tried very hard to find out their investment strategies but they do not give adequate information on how their financial instruments work.
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, NitronPay Invest fails to do so.
#Red Flag 4 – E-Currency Account
You are required to open an e-currency account to invest. You have to know that e-currency accounts are often not licensed as a money transmitter.
It is highly risky to invest your money through these unlicensed money transmitters, especially they involve international operations, which means it may be very hard, if not impossible, to get your money back.
#Red Flag 5 – High, Unsustainable Yields
I have years of experience in investments. Historically, investments in most large corporate stocks return less than 10% per year. Usually, HYIP scams offer between 1 percent to 2 percent daily profits to its members. As for NitronPay Invest , they offer up to 115% interest daily, of which it is extremely unrealistic.
Be careful of claims that an investment will make “incredible gains,” is a “breakout stock pick” or has “huge upside and almost no risk!” Claims like these are hallmarks of extreme risk or outright fraud.
The ROIs that they claim on the official page clearly indicate that the investment is actually a Ponzi scheme or a junk bond that may never increase in value and has a high rate of default.
#Red Flag 5 – 100% Risk-Free Investment
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 NitronPay Invest 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.
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.
Based on my observation, it is very clear that NitronPay Invest is an investment scam.
I have tried some of the HYIPs before and I have been scammed once. I hence did a thorough research and only discover how these “investment” scams operate and steal our money.
By the way, Amazing 5 started 6 months ago and now it is official shut down. It is now gone with a lot of money from many victims. This is a prime example of how these HYIPs scam your money.
Why do people keep joining HYIPs knowing that they are Ponzi schemes?
All these Ponzi Schemes are aimed 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.
It’s Your Turn Now
Please share this article with your friends and family members so that they do not fall into the trap of another HYIP scam, NitronPay Invest.
If you have any questions or comments, let me know in the comment box below.
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