Website Review : SCAM or PAYING?

Mytradeforex.net Review SCAM or Paying?

Scam
problem

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Mytradeforex.net Review SCAM or Paying?

Summary

User Management/Design: Standard HYIP script/template
Company transparency: Not Legit
Site Security: SSL
Deposit options: Perfect Money, Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dogecoin, and Dash
Affiliate: 1%-3% 
Withdrawal: Instant
Investment: Starts from $10 
Profit: N/A

Sending
User Review
0 (0 votes)

Status: SCAM-PROJECT
(classified as HYIP)

What is hiding its identity and promise unrealistic return? I’ll give you a clue, A scam-project.

pros

  • Multiple payment options

cons

  • Very limited information about the company 
  • Unrealistic returns 
  • Unreal business model

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.

Red-Flag Score

  • Company registration: Y
  • Address: Y
  • People identity: Y
  • Script/code: Y
  • Design: Y
  • Profit return: Y
  • Onsite statistic process: Y
  • Payment processors: Y
  • Video/Images of facilities: N
  • Registered on HYIP Monitors: Y

SCAM SCORE = 9/10

STATUS: SCAM-PROJECT 

Company

Mytradeforex is a UK-based company. They offer cryptocurrency trading and mining services. Greg Baker is the Director of My Trade Forex Limited. The company registration number is 13086365. Their registered office address is 43 Berkeley Square, London, England, W1J 5AP. The following information is available on the website of My Trade Forex:

“The MyTradeForex.net company has all the necessary tools, intellectual and temporal resources to manage the assets of our investors. All our activities are based on the interest to maximize the return for our partners, while minimizing the risks involved. Time is valuable, but it is even more valuable on the cryptocurrency market.”

Investment Plans

Mytradeforex offers seven plans to its clients to choose from. 

Plan-1:

  • Profit: 1% – 2% Daily For 130 Days
  • Min. deposit: $10
  • Max. deposit: $10000

Plan-2:

  • Profit: 2% – 3% Daily for 60 Days
  • Min. deposit: $110
  • Max. deposit: $10000

Plan-3:

  • Profit: 3% – 4% daily for 40 days
  • Min. deposit: $110
  • Max. deposit: $10000

Plan-4:

  • Profit: 4% – 5% Daily For 30 Days
  • Min. deposit: $300
  • Max. deposit: $10000

Plan-5:

  • Profit: 5% – 6% daily for 24 days
  • Min. deposit: $400
  • Max. deposit: $10000

Plan-6:

  • Profit: 6% – 7% Daily For 20 Days
  • Min. deposit: $500
  • Max. deposit: $10000

Plan-7:

  • Profit: 120% – 130% After 15 Days
  • Min. deposit: $700
  • Max. deposit: $10000

Conclusion 

Mytradeforex.com claims to be a crypto mining and trading company. It’s the norm in the crypto mining industry to provide images/videos to prove that they indeed mine cryptocurrencies. But My Trade Forex Limited didn’t provide any images or videos to prove their claim about being into crypto mining. 

The company has a UK registration but that’s not enough as most of the HYIP companies have a registration in the UK. It didn’t deter them from cheating their investors. They haven’t even disclosed who are the key personnel of the company. Neither have they said who are the owners but we found that information through a third-party website. 

When it comes to the website, it is below average in terms of user-friendliness and functionalities. Their plans are also unrealistic and there’s no way they can generate such revenues. A few monitors are showing that Mytradeforex.net under the paying status. But a far more number of monitors are showing them under waiting status. Due to the high number of red flags, we cannot trust this website. Hence, our rating for them in the Mytradeforex review is 0.5 out of 5.0.

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.
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