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Profit Finance Option is a crypto trading company. Its website, ProfitFinanceOption.Online states that the company’s mission is to make crypto trading accessible to everyone around the world. The company is inciting people to invest in the company by making numerous claims. The site mentions that the users do not have to buy expensive equipment for crypto trading.
Yet, Profit Finance Option is asking for a significant amount of initial investment. Before you make any decision to invest in this platform, you should read this article to learn about the various aspects of this company.
Profit Finance Option presents itself as a well-established platform that is capable of providing various services in different industries. However, crypto trading is the primary target of this platform.
ProfitFinanceOption.Online states that people can trust this company because a lot of tech gurus use it to generate passive income via crypto trading. Yet, the website does not mention the name of one specific individual. It is also claiming to be one of the largest companies that have state-of-the-art tools and technologies for trading in numerous cryptocurrencies like bitcoin, Litecoin, Ethereum, and many others.
Another interesting fact about Profit Finance Option is that it is claiming to be established since 2016. However, there is no proof that the company was formed in 2016. In fact, ProfitFinanceOption.Online was registered in October 2019. There is no information about any previous domain. Therefore, it is likely that the company was formed in 2019.
The website also keeps mentioning having a team of highly professional, qualified, and dedicated individuals. Yet, it does not provide the name of the people running this company. This kind of marketing is disappointing as it is difficult to trust a company that is lying about its formation.
Moreover, the website even provides a UK incorporation certificate to seem like a genuine company. Further research shows that Profit Finance Option Limited is not incorporated in the UK. Therefore, the company actually does not have a legal trail of formation.
Profit Finance Option does not have any limit on the maximum amount of money that you can invest in this platform. However, it has placed a limit of a minimum of $400 investment. This kind of business model shows that ProfitFinanceOption.Online is asking for a significant amount of investment, even for the most basic package. Such kind of large amount contradicts the company’s mission of making crypto trading accessible to all kinds of people.
Profit Finance Option initially presents itself as a crypto trading platform. However, the income structure of the company shows that it is similar to many other Ponzi schemes that promise daily ROIs in exchange for a certain investment.
The website provides the following breakdown of the income structure:
Another feature of the company that makes it similar to any other Ponzi scheme is that it heavily focuses on referral commissions. The members of level 1 can generate 4% referral commissions by directly recruiting the new affiliates. On the other hand, the members of level 2 can earn a 1% referral commission.
It shows that the company wants to attract as many affiliates as possible and make them promote the company to recruit new members. However, there is no data available about how such profits and commissions are distributed among the members. Therefore, it would not be wrong to say that you should avoid investing in Profit Finance Option.
The company is asking for $400 as an initial investment. This kind of investment is very high for a new platform like Profit Finance Option. However, the logic behind asking this huge amount is that the company wants to earn as much money as possible before its eventual collapse.
Instead, you should consider using the modern crypto cloud mining companies that allow you to earn a maximum amount of profits with minimum investment. Such platforms are suitable for both beginner and experienced traders and crypto miners. Thus, anyone can rely on them to earn profits in the crypto industry.
ProfitFinanceOption.Online mentions the following features of the company:
The company is claiming to have a team of highly professional and experienced people to provide crypto trading and mining services. However, the website does not mention the name of any of these team members or even the owner of the company. It shows that the company is concealing the identities of the people running this platform.
Profit Finance Option is trying to make people invest in the company by claiming to have a highly efficient, safe, and secure system. However, there is no proof of the fact that the company is capable of dealing with modern cyber-attacks and provide reliable crypto services. Therefore, it would not be wrong to assume that the company is lying about having secure crypto mining equipment.
ProfitFinanceOption.Online is claiming to be a fully legal and authentic platform. It claims to have proper registration in the UK, USA, and Panama with the relevant authorities. Yet, no major authority has any official information about this company. This shows that the company is making untruthful claims to seem like a legitimate platform.
The above discussion about various aspects of Profit Finance Option points to the fact that you cannot trust this platform to earn any significant profits. ProfitFinanceOption.Online is making a number of false claims.
It states that cloud crypto mining is the primary source of revenue of the company. However, there is no proof that Profit Finance Option is using any kind of cloud crypto mining technology to mine crypto coins and earn profits.
In fact, the company does not seem to have access to any major modern tools and technology. Therefore, it cannot perform crypto trading or mining. This shows that ProfitFinanceOption.Online does not have any external source of income.
The entire company is heavily dependent on the investment from the affiliates. Since it does not have access to the crypto mining hardware, it is evident that Profit Finance Option is actually a Ponzi scheme.
Another false claim made to attract more investment is that Profit Finance Option has been operating since 2016. In reality, it was founded in 2019. Therefore, you should not trust this platform as it is making a lot of false claims to make people invest in the company.
The business model of Profit Finance Option makes it evident that it is a Ponzi scheme. It can collapse anytime due to lack of recruitment. Hence, you should not invest any kind of money in this company. Instead, you should consider investing in the genuine crypto cloud mining companies that allow you to earn the maximum amount of profits by legal and efficient crypto mining.
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