Forexsky.biz is yet another weird ponzi scheme promising 3000% returns in 30 days with zero risk. Just by taking one look at this service, we were able to establish the misleading facts and fake promises which are targeted at naive people. Forex Sky is definitely on a looting spree, hence the misleading promotion and confusion. Their target are people who have very limited knowledge on how Forex trading works. Forexsky is designed to loot funds from the ignorant.
So if you were planning to open an account with them thinking that a 3000% after 30 days would be real, pause for a moment and think twice. In this post, we are warning people against this scam and giving reasons as to why we are rebuking them. So pay attention so that you may not lose your money.
Note: Use these Forex trading robots.
Any website or company that claims to invest public funds are usually required to be regulated by the financial authority of their respective jurisdictions. In response to this, Forexsky is telling us that they are registered. Even if they are registered, they are only registered as a company and this does not mean they have the permission to collect funds from the public. This registration is meant to imply that Forexsky is legit. Anyone can register a company for almost nothing. It is not expensive. And for the most part, it is not regulated. These companies are created for purposes of paying taxes and not conducting legit operations.
Forexsky is citing their addresses as 218 Grange Rd, Birmingham, United Kingdom, B6 6PA and an email address [email protected] Now, since this company represents an ICO, they have no other way of operating legally other than registering their operations with the FCA. The law requires that they must hold this certificate in the UK. The problem is that Forexsky does not have such a certificate anywhere to display on their website.
Should you encounter any problem with this site, users will be required to reach their support using the contact information found on the website of Forexsky. Now, the strangest thing is that Forexsky is not even providing a phone contact on their site. Ask yourself whether there is a genuine investment firm out there that does not have phone support. Is there any?
Other than taking your money and running away with it, these crooks will never care about anything else. The aim is to loot as much as they can. When they are done, they can simply disappear with it.
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This website claims to be a stable Forex investment company operated by a bunch of ”expert Forex traders” who came together to start their own company. Now, the main problem is that there is no information anywhere about these Forex traders. We don’t know their name and there are no links on this website which can take us back to their trading portfolio. So that means we can’t scrutinize their records to see whether they truly have the qualifications of trading and making money consistently.
With regards to how it works, this site claims that these Forex traders have developed a unique trading strategy that focuses on diversifying currency pairs to eliminate risks as much as possible. They claim that this has enabled them to earn consistent profits over time. In other words, these crooks are saying that they have been able to trade consistently for profits without any risk.
But realize that the scammers have not revealed their trading methodology at all. This means that we don’t know how they trade and so we cannot evaluate the effectiveness of their trading. If they could reveal their trading strategy, it would be a lot easier for their intended audience to know whether or not these people really make profits through trading.
They claim that they are using technical analysis, money and risk management techniques which has made them become the best investment company out there. If you are new to this industry, you might feel that Forexsky is genuine about their explanation on how they trade. You may not know that these things are complete lies and the company does not trade at all.
Also, we want you to understand that whatever the risk we are going to use in trading, there will always be a risk. That is the game of Forex trading. Risk cannot be eliminated regardless of how we look at it. They also claim that Forexsky was started in 2017. This website is lying because if we look at their who.is data, we find that the website was created in April 2018 as opposed to in 2017. So one may wonder why exactly they are lying about everything? It only means that they are lying. Nothing is genuine about their site.
If you look at the promised profits, you realize that they are all too good to be true. There are 7 different types of investment plans being offered by this website. The least that this company is claiming to offer is 140% per day. The question you should ask yourself is whether 140% per day is a logical amount of profit. Please ask yourself. If Forexsky could really generate these returns, why would they put it out there for everyone to get it free of charge? That is the question you must ask yourself before trusting such an operation.
According to the fake profit calculator which the site has incorporated on their platform, if we invested $1000 today, we would make $30,000 at the end of 30 days. This sounds like a miracle. Remember that they are also providing 5% referral deposit for each member deposit. These returns are simply too good to be true. Do you think members will ever get paid this much? The most likely thing to happen is that they won’t get paid anything.
Is Forexsky a scam? Yes indeed, it is a scam. If you look at their deposit method, you will realize that they are only supporting Cryptocurrencies. This means that the scammers only want to steal from you and run away.
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