Petro Profit is a new viral high yield investment program which is looting the public. They provide outright insane returns on capital and make some of the ridiculous claims ever.
Their operational model is said to be based around the cryptocurrencies, but that is not the way it works. Many newbie’s might be attracted to their flashy and glittering claims. Before you indulge with them go through our review to find out about their true nature.
Registration and Customer Care
Petro Profit handles the money raised from the public. So, they must adhere to regulation. However, this firm has ignored all of the legal norms. We checked the FCA to see if we can trace out any details of this company, but it was nothing more than a dead end.
Whenever a company is not registered and is not transparent, then it is the first sign of trouble. They advertise themselves as regulated, but do not fall for that cheap gimmick.
There are a few contact information on their website. However, if you need any type of assistance from them, then know that it’s never going to happen. They might interact with you until you deposit with them, but once you deposit, it is game over. Below is the rundown of their contact details.
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Address – 10-25 Queen St, Belfast, Glasgow, DC Fr 52.
Email – admin@petroprofit.biz, support@petroprofit.biz
How does Petro Profit handle the Funds ?
We personally don’t think anyone has the faintest idea about that. On their website, they state that they are involved with the ICO sector and day trading. Apart from the one line explanation, there is no tangible proof to support their statement.
There is no verifiable trading records on their platform and they do not even shed light about their strategy as well. Without being aware of the underlying indicators, parameters and accuracy of their system, it feels like gambling rather then trading.
Day trading is a profitable activity, but if you are not mentally prepared and equipped with a process, it is going to break your account. Easy money is always attractive, but remember to exercise caution whenever things are too good to be true.
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Profits Advertised
More than 90% of the retail traders lose. So, it is important for you to understand that, it takes effort to make consistent stream of income from the markets. This firm advertise returns which range from 12% hourly all the way up to 800% after 3 days.
Do you honestly believe this kind of returns are possible ? We hope not because it is statistically impossible to achieve it. Here are the details of the investment plans on their website.
Plan 1
Returns – 12% Hourly
Duration – 16 Hours
Minimum Deposit – $2
Plan 2
Returns – 5% Hourly
Duration – Forever
Minimum Deposit – $250
Plan 3
Returns – 250%
Duration – 1 Day
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Minimum Deposit – $1000
Plan 4
Returns – 800%
Duration – 3 Days
Minimum Deposit – $2000
Domain Insight
Below are the important details of this website. However, note that we couldn’t trace the identity of the actual creators.
Domain – Petroprofit.biz
Registered on – 03/03/2019
Expires on – 03/03/2020
Alexa Global Rank – 913,830
Rank in vietnam – 14,690
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Major Traffic Sources – Vietnam, Saudi arabia, Argentina, Bangladesh and Egypt.
Major Concerns
This aspect cannot be covered fully because it’s never ending. So, we have listed the main topics below.
Fake Statistics
This platform portrays a withdrawal screenshot on their homepage. The image is clearly a fake with just fake profiles attached to them. They are doing this only to seem like a professional institution while in reality, they are just crooks.
Social proof might seem legit to the unsuspecting eyes, but if you do not find solid proof, then do not sign up. Moreover, think rationally why would they falsely represent their payouts, if everything was truly legit ?
Ponzi Model
The only reason as to how they sustain their business model is ponzi type scheme. It is an ancient trick of majority of the scams. Basically, they use the money brought in by the new client to pay the older one’s. So, their income is mainly dependant on their marketing capabilities.
Since their model is flawed, they will gradually crumble and will flee away with your money. So, be careful if you come across their website. Regardless of how they might pitch their idea, never ride the hype.
Ownership
The actual creator of this whole platform seems to be a professional scammer. We searched every way to trace out his identity, but sadly we didn’t succeed. This kind of behaviour definitely rings some bells and the air of anonymity is undeniably overwhelming.
Investing online is a nice and efficient way to earn a living but it is those kind of companies which brings bad name to the industry as a whole. In short, if a firm is unregulated, then it’s better to stay away from it.
Petro Profit Review Conclusion
Petro Profit is just a classic HYIP which is rumoured to have paid some clients in the beginning. However, given their rogue business model, it is not at all worth the risk. Do not let greed lind you in the world of hot sectors. Remember it is the skill and efforts which will earn you consistent returns over the long run.
help me and make it easier for me to get the money
thank you
I have been using petroprofit biz for 8 months when I think it is avialable pending.
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