Westland Storage has been getting some attention lately, and even the search results on Google show that many industry review sites have already analyzed the investment opportunity. The question is, can we trust Westland Storage with what they offer? Is this a reliable investment opportunity? Westland Storage resembles a typical ponzi scheme, and even if you look at the background of the site carefully, you won’t find anything that says it is legit.
Some of the critical things which they have intentionally missed include details of the owner, their location or date that the operation was started. For this reason, many people feel that this site is feeling faceless, and there is no confidence in what they are offering at all. This has prompted us to go undercover to try establishing the truth that this website does not want to tell us. By the way, a site like wayback machine is good at giving us some information concerning the site. We were able to establish that the first iteration of the site where Westland Storage is hosted at first went online some time in April of 2018. Back then, the domain was used to promote a storage company based in Michigan.
This info also agrees with that of their Alexa ranking where we learn that traffic to the site suddenly started going up in the month of May 2018. Some resources that reviewed this month at the time suggest that the used used to claim that they had generated 33 million USD in annual profit and were serving some 8000 investors on the site. These numbers are definitely staggering, and before you fall for them, you need to think long and hard because there is no way a site like this can rack up such numbers when it is anonymous and its details cannot be found anywhere on the site.
Having said that, we need to talk about the important aspects of this site. Ultimately, we will let you know whether or not to trust them. But in case you want to invest right away, we have a project that we can recommend to you. Crypto currency is hot, and you can make a lot of returns by mining with these companies.
So far, we have been able to establish that this site runs an MLM business opportunity. We know that MLM business opportunities are mostly ponzi schemes. You should consider the dangers that come with ponzi schemes since most of them turn out to be scams. They scam people by running away with investors funds at some point. No ponzi scheme will ever last a long time. Initially, investors will earn a profit. But this money is mostly coming from new depositors money. If new depositors stop trusting the site, it means revenue will start to fall, and that’s where things will go haywire with new investors losing all their deposits.
👉 Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout the Next Day After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase. Click the Banner Below To Register Now:
The site reveals that Westland Storage LTD is a company that was incorporated in the UK on Feb 2018. You have to know that it is extremely cheap to register a company in the UK. Incorporating a company here does not mean that the company in question in engaging in legit business activities.
The reason this site is an MLM is because even if you investigate it, you won’t find any product or service that is being offered under the Westland Storage LTD brand. This means that affiliated can only earn by recruiting others through the bundled investment opportunity. That is where the problem starts to set in.
The company in question is looking for people who can earn as little as $10 on the promise that they will earn a daily ROI of 1%. Members who successfully manage to recruit others will also be entitled to referral earnings in form of commissions. The website uses a uni-level compensation structure where the first level of affiliates get 10% referral commission, followed by 5% and 1% respectively.
Westland Storage LTD has set the minimum joining deposit as $10. However, if you’d like to boost the amount which you can earn in a day, the site claims that you must invest more. Investing more also increases your risk of losing more, and that’s where the problem sets in.
To make payment to the site, you will be required to do so in Bitcoin and in other forms of Cryptocurrency payment. This is yet another red flag because in as much as they can accept payments from mainstream methods like PayPal, the site is instead choosing anonymous forms of payment to increase chances of never recovering your deposit in case things go the wrong way.
While all ponzi schemes are risky to invest in, risk takers are always people who are willing to take risks just to see how far they can go. With Westland Storage, there is no telling whether or not a new investor will be able to earn at this time.
As with all ponzi schemes, the start is usually good because early investors make some money initially. However, since Westland Storage has existed for some time and many people joined, it would be too late to join at this time. You might join and lose all your money.
So in the conclusion part, we will tell you what we think about the site. Generally, there is a risk of losing funds. But at the same time, some people have been reported to have earned money with these sites, although there is zero evidence to support their earning claims.
Our best advice for you is that you should consider the pros and cons of joining a site like Westland Storage. While the site is claiming to give an opportunity for everyone to invest in real estate, the fact of the matter is that there is zero proof that they are actually investing in real estate. The site is actually relying on new deposits to pay out ROIs. If you want real investing, consider these trading resources.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More