AlfaUnion.biz is an high yield investment program which supposedly generates returns of up to 2000% by trading forex market and Bitcoin. Any rational investor can easily see through all the lies bombarded on this platform.
No names of the persons involved or trading professional working for this firm are revealed. Considering all these facts along with the number of unethical practices on this firm, we can easily label them as scam.
Read our complete review which will help you save your time and money.
Company and Support
AlfaUnion.biz is a firm which raises the funds required for trading from the general public and promise the investors certain dollar figure amount after certain period of time.
Firms which are indulged in providing these type of opportunities to to be regulated by law. Since this firm refuses to share any information about their licenses, we strongly believe that they are operating illegally.
This firm has put up registration document on their website but do not be fooled by that. We have confirmed through FCA this firm has never been authorized.
Here are the contact details of this firm:
Address – 27, Mortimer Street, Fitzrovia, London, W1T 3JF, United Kingdom.
Email – [email protected]
How does AlfaUnion.biz Work?
This company is said to carry out its activity by performing an exchange transactions with cryptocurrency and shows the steady growth and increase in trade assets due to the cutting edge technology solutions they employ and the effectiveness of their trading strategy.
They further state that they buy long position when the markets are flat and sell when the markets booms and becomes overvalued. This narration is like a textbook example which appears simple when heard but when you try to execute, it will be very troublesome.
The uncertainty of the markets cannot be predicted every time. After going through their explanation we still do not know what gives then an edge over others in the market.
Will you invest your funds with an anonymous entity which does not provide you any sort of proof of being profitable?
Looking at the kind of profits this firm is said to generate, you can become a millionaire within a week but sadly we know that they are just empty promises.
Take a look at the investment plans offered by these criminals:
Plan 1 – 140% After 1 Day
Plan 2 – 350% After 5 Days
Plan 3 – 700% After 10 Days
Plan 4 – 1500% After 18 Days
Plan 5 – 3000% After 30 Days
Plan 6 – 1000% After 5 Days
Plan 7 – 2000% After 20 Days.
According to the profit calculator on this platform if you invest $1,000 then you will get $20,000 after 20 days. Sounds like a miracle, right?
The only things creators behind ponzi scheme want is to grow their user base because more people means more money to them. This firm encourages the individuals to promote their platform and pays them attractive commissions for every investor they bring in.
The affiliates are also given a set of promotional and marketing tools which helps them get better conversion rate. Also it is not compulsory for the affiliates to be an active investor to get their payments.
There are a couple of testimonials put up on this website wherein the early users have expressed how effective this platform is and how easy it is to earn money from home without doing anything.
Please do not fall for these type of comments as they are only put up to trick you into thinking trading is easy and convince you to make a deposit into their platform. These type of questionable practices are followed by many scams because their only motive is to make money and they do not care about anything other than growing their income.
According to the data provided by whois.com this domain was registered on 01/03/2018 and it expires on 01/03/2023.
This website ranks 51,159 in Russia and has a global rank of 539,565. They get roughly over 600,000 visitors monthly.
The majority of the traffic coming to this website are from Russia, Czech Republic, Netherlands, Vietnam and India.
Deposit and Withdrawal
The minimum spend is $20 and the minimum withdrawal amount is $1. The e-currencies accepted by this platform are Bitcoin, Litecoin, Ethereum, PerfectMoney, Payeer and advcash.
The deposits and withdrawals are said to be free. They state that the withdrawals are processed within 48 hours.
Can I Trust AlfaUnion.biz?
By looking the way their business is setup, there is no doubt that we are dealing with a ponzi scheme. The returns offered are impossible to earn by trading the markets so these scammers use funds deposited from new entrant of their scheme to pay the old investors.
Once they are happy with the amount they have earned, they will stop paying and will disappear into thin air and there is no way to track them down.
AlfaUnion.biz Review Conclusion
Forex and Bitcoin markets have huge volatility which creates the opportunities to earn considerable amount of profits overtime only if you have the discipline to stick to a plan while managing risk efficiently.
If you try to shoot for unrealistic targets like this firm offers, you might win a few times but ultimately you will give back all your profits and blow your account. Do not trust any of the so called revolutionary investment platform like this one who offer you an easy way out of the grind.
Got scammed by AlfaUnion.biz? Let us know your experience by leaving a comment below.
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