Instant Hour limited claims to be a private investment company which provides an easy way for the investors to earn significant returns from mining and trading cryptocurrencies.
The returns offered by this firm ranges from 1% to 25% per hour which adds up to a grand total of 600% return on investment per day which is obviously impossible to sustain. After going through all the information provided on this platform, we weren’t able to trace the identity of the creators or traders behind this firm which makes us a bit uncomfortable.
Read our complete review which will help you to find out why you should not trust these scammers for any reason.
License and Contact Details
Instanthour.biz represents an ICO which in simple terms raises money from public for investing purposes and promise them fixed predetermined returns over certain time period. These type of activities have to be regulated by law.
This firm has put up incorporation details on their website but just because they are registered does not means they are authorized to take money from the public. We have confirmed through the FCA Instant Hour limited has never been licensed thereby operating illegally.
Here are the contact details of this firm:
Address – 100 St John’s hills, London, United Kingdom, SW11 1TD
Email – [email protected]
How does Instanthour.biz Work?
This firm claims to derive profit through cryptocurrency mining and trading activities. The details of the mining farms or scripts and the names of mining pools they are involved with are not stated.
They claim to be actively trading the crypto market they fail to provide us with any auditory records. We have no clue about the so called trading professionals who are going to handle the funds. We do not know whether they follow technical analysis or fundamental approach.
In fact, there isn’t any evidence to prove that their strategies are profitable and in case if you were wondering there is no way to sort of free trial or demo accounts offered by them.
Profits advertised by Instanthour.biz
Do you like to double your money every 4 hours once? Of course you would, there isn’t any one who doesn’t like to earn money without having to do anything but understand the fact that return and income claims are all fake.
High return claims are an effective trick used by many scams to lure in more people to their platform and convince them to deposit with them. This platform features 3 investment packages wherein for higher returns the investors have to commit with higher capital.
Here are the complete details of the investment plans:
Period – 96 Hours
Minimum Deposit – $5
Referral Commission – 3%
|By signing up with the below services, we may receive a commission, which allows us to keep providing you with free content. Thanks for your support!|
|Day Trading Brokerage||Review|
|CFD Broker & Trading Platform|
Period – 48 Hours
Minimum Deposit – $300
Referral Commission – 5%
Period – 24 hours
Minimum Deposit – $1,000
Referral Commission – 10%
According to whois.com this domain was registered on 18/06/2017 and expires on 17/06/2019. The registrant information is not revealed as they use privacy services.
This website ranks 102,755 in India and has a global rank of 415,015 according to alexa.com.
The majority of the traffic coming to this site are coming from India, Russia, Bangladesh, Singapore and Pakistan.
In order to remain cash flow positive this fraudulent firm has to rely on new investors to continue the loop. This service encourages its existing clients to refer more people on to their platform. The affiliates are paid anywhere between 3% to 10% of the deposit amount made by their referrals.
The individuals promoting this platform are provided with free access to some of the promotion and marketing tools. Note that the affiliates do not have to be an active investor to get their commissions.
Deposit and Withdrawal
The e-currencies accepted by this platform are Bitcoin, Litecoin, Ethereum, BitcoinCash, PerfectMoney, Payeer, Bankwire and advcash. We do not know whether there are any fees associated with deposits and withdrawals.
The time taken for processing withdrawals are not specified.
Can I Trust Instanthour.biz?
In short no,
Their whole platform consists of only misleading facts which tricks newbie investors into thinking they can become rich very quickly. In reality these type of returns are all fabricated lies and more than what legitimate solutions can ever offer.
Not to mention that they are unregulated which means the odds of you getting back your money is tremendous.
Instanthour.biz Review Conclusion
Instanthour.biz is clearly a ponzi scheme which has nothing to do with trading. They have tried their best in terms of appealing genuine in front of the people who does not know much about investing but remember their model can’t last for a long time. All ponzi schemes collapse quickly and a lot of investors funds will be wiped out when it happens.
Do you have any experience with Instanthour.biz? Share your views and feedback by commenting below.
For more latest scam warnings delivered directly to your inbox free of charge, please subscribe to Scambitcoin.com