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Myfintegri Review Update: Another platform that went dark after taking all the members’ funds.
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Myfintegri.com is a supposed an innovative Crypto currency trading and mining platform with an elaborate affiliate program to boost the income of the investor. The domain my-wci.com is redirecting to Myfintegri.com, and that suggests that the previous domain might have been compromised in one way or the other. After investigating both domains, we found disturbing things about the current site and its domain. Evidence suggests that Myfintegri is just a fancy ponzi scheme as opposed to a genuine Crypto currency trading and mining operation.
Initially, the site was promising over 300 percent returns after 450 days. At the moment, the site is not promising any specific figures, plus there seems that the operators made some changes here and there to make it look legit. But the main thing here is that the site and its operations are questionable. For example, there is no verifiable history of trading or mining of Crypto currencies.
While investigating Myfintegri, we found a lot of misleading and disturbing facts about their operations, and we are fully convinced of the fact that Myfintegri is just a gloried ponzi scheme. For that reason, this review actually advises investors to avoid sending funds to Myfintegri at all cost. Anybody who ignores this advice will end up losing their funds. But if you want to invest in Crypto trading, use these bots.
The first thing we notice is that there is zero information about the owner or developers running this platform. The level of anonymity and the lack of transparency that this site has maintained is mind boggling and we also believe that this is severely affecting their credibility. But there is also a good reason as to why the site is not transparent with the kind of information that investors would like to get from them.
If it was a legit investment website, it would have featured details about the CEO of the company and the investment managers who run the operation of the platform. That’s how a professional investment company works. But this is not the case with Myfintegri. This kills the confidence of investors, and we believe that it’s working against them. They look shady from the word go.
Myfintegri is also offering investment services which need to be regulated. If they don’t have a license, then it means that they are offering a service that is considered illegal. You see, Myfintegri is soliciting funds from the masses on the promise that they will trade and mine more Crypto currencies for returns.
While we tried to validate any of their alleged services, we were not successful. We couldn’t find a license and neither could we prove that Myfintegri is actually trading or mining Crypto currencies. We’ve actually looked at the FCA database and discovered that Myfintegri is not licensed anywhere.
This means that if you ever encounter a problem with this site, you will never be able to contact the anonymous team because there is literally no way to do so since the site has not provided this crucial feature. What kind of an investment firm is operating without a license or a professional support in place? One may wonder.
Trading, mining and staking are the main financial activities on this site as alleged by their promotion material. They claim to have something called FINT network which operate like your private savings account. This type of account is supposed to earn interest and Myfintegri is actually encouraging internet users to invest in this type of account because they claim that master nodes are what helps secure the community and relay transactions across the network.
The question that we should ask them is what proof is there to show that indeed this technology is being utilized by Myfintegri? Is there a way to verify the existence of this technology the way we do it when we want to validate the existence of a blockchain network? The answer is no. This site does not provide us with a link that can be used to verify the existence of this technology on their platform.
The other alleged sources of revenue is trading and mining. They claim that they are using cutting edge technology to trade and mine efficiently. They claim that their automated bot are using arbitrage trading strategy in order to make profits. If this was true, Myfintegri would be a phenomena by now. In fact, everybody would be talking of investing with this site. But this is not the case. The site is only looking to scam internet users, which is why none of their claims can be verified.
The same applies to the claim that they are mining multiple coins and that the system is automatically switching to the most profitable Crypto currencies. There is no truth in this statement and as you can see, Myfintegri cannot produce a single evidence of Crypto currency cloud mining. So this is also a lie which investors should not believe in.
Myfintegri is a shady investment site where the business model resembles that of a ponzi scheme. The site lacks transparency, and most of the content is quite generic in nature. While they insist that they are using the latest technology, that is just a generic phrase that all ponzi schemes use just to fill up their web pages.
They claim to trade 24/7 but this is yet another lie. You have to remember the kind of risk you will be putting yourself in if you send a lot of funds to the anonymous operators of this site.
By the way, since they are anonymous, there is no need to send any funds to them in the name of investing. Real investing doesn’t look like this.
When you send funds to the anonymous operators of Myfintegri, you will be at their mercy. The site does not engage in any legit investment operation whatsoever. If you want to mine Cryptocurrencies for profit, please invest with these platforms.
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Its a good business I can see.
still investigating……