Forexsky.biz Review

Forexsky.biz is an high yield investment program which boasts of generating returns of up to 3000% after 30 days with little to no risk associated. A single look at this service was enough for us to find all the fake claims and highly misleading facts put up by them to confuse and loot people who do not have any kind of experience in this field.

Further more, this whole platform is a ponzi scheme designed to lose your funds. If you are considering to open an account in to this fake investment firm, read our full review to find out why we urge everyone to stay away from this platform and the main reason why we are debunking them.

Company and Contact Details

Companies like Forexsky.biz which provide investing opportunities to the general public are required to be regulated and authorized by certain authorities depending upon their location.

This firm features some kind of registration information on their website to look legitimate but remember just because they are registered does not mean they have the rights to collect or raise money from the public.

Here are some of the contact details put up on their platform.

Address – 218 Grange Rd, Birmingham, United Kingdom, B6 6PA.

Email – admin@forexsky.biz

Since this firm represents an ICO and operates from UK they have to be regulated by FCA. While we were trying to find any certificates confirming licenses they must lawfully hold, there weren’t any. We have confirmed through FCA Forex sky LTD has never been licensed thereby operating illegally.

If you encounter any kind of problem on this platform, the support team can be reached through a contact form put up on their website. Ask yourself what kind of investment firm does not provide basic telephone assistance to their clients?

Apart from taking your money, these crooks does not care about anything else.

How does Forexsky.biz Work?

This firm claims to be a stable forex investment solution which was founded when a bunch of expert traders working in leading companies came together to form their own organisation. There is no details about the alleged expert traders or auditory records of their trading portfolios revealed anywhere.

These so called expert traders have developed a unique trading system which eliminates risk as much as possible through diversification of multi-currency instruments for continuous profit in the forex market. Simply put they are saying that they are able to earn stable profit without any risk.

In addition to this approach, they also state that because of their in depth knowledge about technical analysis, money and risk management techniques they have become one of the leading companies. If you are a newbie investor, this narration might make you feel that you are looking at a legitimate solution but rest assured this information is highly conclusive and misleading.

Despite whatever strategy you choose, it is impossible to eliminate risks in trading.

They state that this firm is operational from 2017 which is also a lie, according to the data provided by whois.com, this domain was registered on 29/04/2018.

How much profits can you expect to make with Forexsky.biz?

Do you like to earn 30 times your investment amount every month with no risk associated?

Of course, you would but stop dreaming and think logically is it really possible to do so. If this platform could really generate they type of returns as advertised why would they give it to the public for free?

Here are the details of the investment plans

Plan 1

Returns – 140%

Period – 1 Day

Min. Deposit – $15

Plan 2

Returns – 340%

Period – 5 Days

Min. Deposit – $15

Plan 3

Returns – 640%

Period – 10 Days

Min. Deposit – $15

Plan 4

Returns – 1340%

Period – 20 Days

Min. Deposit – $15

VIP Alpha

Returns – 1000%

Period – 5 Days

Min. Deposit – $4000

VIP Beta

Returns – 2000%

Period – 10 Days

Min. Deposit – $2000

VIP Gamma

Returns – 3000%

Period – 30 Days

Min. Deposit – $1000

According to the profit calculator provided on this website if you invest $1000 you will get $30,000 after a month. Sound like a miracle, right?

Referral Program

This platform offers an affiliate platform wherein a flat 5% from the deposit of the invited investor are credited to your account. They also provide the individuals promoting their platform with an exclusive access to their promotional and marketing tools so that the traffic in monetized in an effective way.

It is not mandatory for the affiliates to have an active deposit in order to get referral commissions which is why many blogs and forums are promoting this fraudulent platform heavily.

Deposit and Withdrawal

The deposit and withdrawal methods supported by this platform are PerfectMoney, Bitcoin, Bitcoin Cash, Litecoin, Dash, Dogecoin, Ethereum, Payeer and advcash. There are transactions fees applicable depending up on the payment method you choose.

They state that the withdrawals are processed within 48 hours.

Domain Popularity

According to whois.com, this domain was registered on 29/04/2018 and expires on 29/04/2023.

This website ranks 18,797 in Iran and has a global rank of 266,994 according to alexa.com.

The majority of the users coming to this website are from Iran, Russia, Vietnam, Czech Republic and Thailand.

Is Forexsky.biz a Scam?

Positive,

There are a lot of fake testimonials on many forums which are extremely favorable towards them but do not believe any of them as many of them are from fake user profiles containing an affiliate link.

Forexsky.biz Review Conclusion

Forexsky.biz is a ponzi scheme which according to HYIP monitor sites are currently paying but do not think you have found a royal road to the riches. They will disappear with your money sooner or later so exercise extreme caution while dealing with them.

If you were scammed by Forexsky.biz, please let us know your opinion and views by commenting below.