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Monelo Review: Monelo.biz A Notorious Crypto Scam

Monelo Review: Monelo.biz A Notorious Crypto Scam

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Monelo.biz was established in January 2020. The investment company has vital features of a Ponzi scheme. The platform claims it is diverse and offers limitless online investment services.

Monelo.biz only accept Bitcoin from its investors. The platform claims that its clients can deposit funds at a certain period and withdraw at their preferred time.

The Pyramid scheme website has a great user interface and can attract innocent investors. The platform claims to offer cryptocurrency investors an opportunity to yield vast returns.

The platform does not accept fiat currency. Monelo.biz has a digital currency plan tariff that raises red flags among the expert investors.

Investors are responsible for choosing the pact that they would like to invest in. The platform claim that the clients can instantaneously withdraw returns.

The Monelo.biz website can be translated into various languages. The platform only bluffs on basic information regarding Forex trading and crypto investment. This kind of knowledge is inadequate, and we can’t verify they perform any of the stated activities.

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There are better investment platforms that you can get good returns without compromising the safety of your funds. Perform a thorough research on any investment company before proceeding with your venture.

Monelo.biz Review

Monelo.biz platform targets its victims from various countries. Their website is accessible in many languages.

The platform claims to be an all-rounded company dealing with numerous trading assets. Just like all other Ponzi schemes, they have characteristics of getting rich quickly without any risks.

There is no available data to prove they offer their stated returns to investors. Digital currency investment is linked to high risks, especially due to its volatility.

The platform has provided inadequate information in regards to their mining activities. There is also insufficient data to validate their Forex trading activities.

Monelo.biz has not stated what percentage of the users’ income will cater to such risks. The people running the platform are unknown to the public.

Monelo.biz Review, Monelo.biz Website

They can disappear in thin air and never be traced. It is a huge red flag, and no expert traders would trust Monelo.biz with their funds. The kind of anonymity they are portraying is shady.

The platform is a scam that all investors should avoid. Monelo.biz may pay some of their initial investors, but the fact remains, they will exit the market at their own time. The money will be lost and will never be recovered.

Monelo.biz will await new deposits from clients to execute their initial investors’ withdrawals. The cycle will end once they are exposed, and they won’t have enough funds to sustain their activities. The platform will collapse, and investors will be losing money.

How does Monelo.biz Operates?

The company claims to undertake Cryptocurrency and Forex trading activities. The platform has allegedly learned methods that can generate high returns within a short time frame.

Monelo.biz promise their clients unrealistic high returns. No one would hate to get rich easily. The sad reality is its only pyramid scheme that offers such profits.

If Monelo.biz realize such an opportunity in the market, chances of sharing the information with a member of the public would be slim.

The investment company has no trading history available on their website. There is no method we can use to ascertain their track record.

The platform has so many loopholes and red flags. Monelo.biz is not a transparent investment company.

Monelo.biz Investment Plan

The platform offers one sole bundle for it all clients. Monelo.biz claims that their investors can earn returns on an unlimited basis. You can only deposit funds via Bitcoins.

The investment company’s minimal deposits are 0.0005 BTC. Investors of Monelo.biz can earn a profit of 1% on the weekends and 3% on the weekdays.

If you calculate the promised returns, it is a lot of money. This is unrealistic. No legit investment company will offer you such profits.

A 10% commission of the total withdrawal funds is charged to the investors. The platform claims that their clients can withdraw their earned profits at any time.

Regulation and Customer Support

Monelo.biz is not a regulated platform. The investment company is operating illegally. There is no relevant authority that has certified its activities.

Investing with public funds is considered a risky venture. Investment firms need to adhere to the set of rules and regulations.

The investment company claims to run its operations across the globe. This means they need to hold several proper paperwork from many regulation bodies permitting them to carry out their venture.

However, Monelo.biz is not featured in any regulatory database. The company is not licensed. If you choose to proceed with them, no one will come to your rescue upon being scammed.

Monelo.biz Review, Monelo.biz Contact

You will not only be risking your funds but also your data by trusting Monelo.biz. Why would you rely on a platform that cannot trust you with its founders’ whereabouts with your money?

It would not be a wise move, and we would recommend you avoid the platform. The customer support of Monelo.biz can only be contacted via email.

Investors’ queries should be handled fast to enhance credibility and trust. A telephone number should be listed. But, the platform is firm on hiding their identity.

Affiliate program

Monelo.biz is like other pyramid schemes that have an affiliate program. The clients of this platform are promised a lucrative referral program.

Every pyramid scheme utilizes an affiliate marketer to drive traffic in their platform. If they are no revenue, then they won’t be in the market.

The referral program allows both the active clients and also for investors who have not invested in their platform. Monelo.biz affiliate program ranges from 1% up to 5%.

Monelo.biz Scam Review, Monelo.biz Affiliate

All you have to do is invite people to Monelo.biz and gain returns. Investment is not as easy as this pyramid scheme puts it. Do not let the greed of getting rich easily invade your decision making.

Avoid the Monelo.biz investment company at all costs. The only people who will benefit from its fraudulent activities are their promoters and themselves. There is a conflict of interest involved, and you should be very cautious about the platform.

Most marketers create fake successful financial narratives through videos, adverts, and testimonials with the help of the platform to drive more victims in the hands of the shady platform.

Monelo.biz has not bound its marketers from using unethical methods to invite investors. The platform only cares about traffic and the revenue it will generate.

Monelo.biz Domain Insight

The investment company is registered under the Monelo.biz domain. It was registered in December 2018, and it is expected to expire in 2024 in the same month.

The platform targets its victims from Venezuela, the United States, and Russia, although a lot of its traffic comes from Russia.

Fake Testimonials

If you research on the platform, you will come across positive reviews. The testimonials are from the platform’s promoters. They seem to be handpicked.

They claim to be earning huge returns from the investment company, although they have not provided any tangible evidence.

They leave 5 stars reviews to show their flawless experience. There are no linked social media profiles to verify the users are real. Considering the platform is still new in the market, a lot of caution is required.

Avoid believing the success story you will encounter out there regarding Monelo.biz. They are all meant to incite you.

The scammers have evolved and advanced their fraudulent tactics. Promoters will use fake profiles to trick you.

Final Verdict

Monelo.biz claims to have verse information in the digital currency investment venture. However, they have insufficient data to back up their allegations. The platform will only leave a dent in your savings.

We believe the investment company is a Ponzi scheme that you should keep off. Before you deposit funds with any online investment company, you need to undertake thorough research. Avoid losing your hard-earned money to these scammers.

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