Monelo.biz Review: 5 Solid Reasons Why This HYIP Is Risky
Monelo Ltd Reviews: Is Monelo.biz a Scam or Legit investment platform? We have had a lot of queries from readers who are considering the investment options being offered by Monelo HYIP. As a result of that, we decided to look into this platform.
With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.
Our review of Monelo Inc. serves as an eyeopener about this investment website. We hope this review meets you well, and on time.
What is Monelo.biz
Monelo is a bitcoin investment platform that has been swooning heads as a result of it’s standard platform, investment offers, and quick to respond customer service.
This investment platform promises to make you 3% profit every business day, and 1% on weekends forever. Is monelo.biz the best 2020 HYIP? Does it have the prospect of staying for long? these and many more are questions behind our review of Monelo.biz
No doubt, the people behind Monelo took extra time to put together this investment platform, right from the About Us page to the FAQ. They even have a review section on Trustpilot with more than 200+ reviews from investors claiming Monelo Investment is the best thing to happen this year.
However we have our concerns.
Is monelo.biz a sustainable BTC investment platform?
Earn 3% daily forever or another Ponzi scam?
We would be answering that question soon enough.
How Does Monelo.biz Work- What Do They Use Your Funds For?
This should be the first question you should ask before thinking of registering in any investment platform. What are they using my funds for? How are they able to get the profits they’re promising?
We found the answer to this question on their homepage, however their response is vague, and not tangible enough.
” Trading currencies is our primary method of fund investing. From major currencies to specific pairs, we expertly trade in the complicated market of Forex.”.
This sounds promising, beautiful even, but is Monelo really sustainable? The returns they offer is unbelievable, impossible even.
How do they intend to pull this ‘acclaimed success’? do they have a magical wand?
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The Truth About Monelo Ltd
Though they claim they to be trading a wide array of financial instruments. We are sorry to disappoint you. This is not how this platform works. They are just feeding you well scripted lies.
monelo.biz is simply a HYIP, High yield investment platform. What this means is that it offers unsustainable returns which no right thinking investment platform would do.
In case you don’t know what HYIP’s are, they are simply ponzi schemes fashioned to look like investment platforms. Initial investors only get paid when new people sign up and invest. In order to keep platforms like this running, the high returns are used as a bait to pull you in.
Those that benefit most times are the first investors. This is because as soon as the amount of new investor drops, the owners do away with the money invested. HYIP’s are unsustanable, infact no right thinking person would advise you invest in a high yield investment platform. This is because the chances of you losing is 20 over 80.
Why Monelo Biz Is Not Worth Your Money
If you’re still considering doubling your money with Bitgainerasset.com , below are reasons why you should not do so.
Anonymous Lots
After a thorough background search on who the owner/owners of this platform is, we came up with absolutely nothing. This alone is an indication that they don’t have genuine intentions. If they do, they wouldn’t be hiding their details from whois.
Unpredictability
Because this platform is a HYIP, you can’t predict what their next move would be. They might decide to shut down their platform today, leaving your money trapped. That being said, your money is always at risk with HYIP’s like this.
There are No Watch Dogs Watching Over This Platform
Though some of these platforms might provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. In the real sense, they are not regulated. No Financial Body approves their services.
No Social Media Presence
Though this platform provides social media buttons at the top of their homepage, these buttons simply redirect you back to their homepage and not to any social media page.
When we checked Facebook, we found absolutely nothing about this investment platform. Likewise on google. If they are really what they claim to be, a lot of investors would have been writing stuffs about them online.
monelo.biz Scam Review: Our Findings
Notwithstanding how legit this platform looks, they are not to be trusted. This is because they have a very short span, they are not licensed, and no one can tell what their next move would be.
Our Recommendation
There are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We’ve taken out time to research on legitimate platforms for you.
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