Summary
User Management/Design: Standard HYIP script/template
Company transparency: Not transparent
Site Security: SSL
Deposit options:
Affiliate: 10%-50%
Withdrawal: N/A
Investment: Starts from $30
Profit: Up to 300% per year (Capped).
User Review
( vote)Status: SCAM
(classified as HYIP)
In our review of Petropay.com, our investigation reveal a Government warning for using fake company registration and can confirm the site is a SCAM.
pros
- None
cons
- Limited information about the company
- Unclear business model
- Asks for mobile number while registration
- Unrealistic plans
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.
Company
The company has provided an address that is from Switzerland. There’s not much valuable information that is worth providing here. They haven’t even provided their company registration details. The following information is mentioned on their website:
“Petroleum represents a privileged investment that allows investors to speculate on the price of a barrel of oil. This raw material is, in fact, extremely volatile, which favors large price differences, even in the short term. Crude oil offers high liquidity and excellent profit opportunities under virtually all market conditions.
We are a company that operates and invests in oil assets that generate solid returns for our investors. Ethics, efficiency, transparency and profitability. It is with this fundamental foundation of values that we built PetronPay.”
Claimed Address: Airgate Business Center – Thurgauerstrasse 40, 8050, Zurich – Switzerland
Plans
PetronPay doesn’t really have any business model and ways of earning, other than their useless affiliate membership fees. The investment requirements are as follows:
Barrel $25
- Accession: $5
- Binary: 5 points
- Profit: 0.2% to 2.5% day
Barrel $50
- Accession: $5
- Binary: 10 points
- Profit: 0.2% to 2.5% day
Barrel $99
- Accession: $10
- Binary: 20 points
- Profit: 0.2% to 2.5% day
Barrel $249
- Accession: $15
- Binary: 50 points
- Profit: 0.2% to 2.5% day
Barrel $499
- Accession: $15
- Binary: 100 points
- Profit: 0.2% to 2.5% day
Barrel $999
- Accession: $30
- Binary: 200 points
- Profit: 0.2% to 2.5% day
Barrel $1.999
- Accession: $30
- Binary: 400 points
- Profit: 0.2% to 2.5% day
Conclusion
We found some interesting things about the company while researching for the Petronpay review. Their marketing videos and materials have people with Eastern European accents. We also found that in one of the videos, someone called Johnny Grant is mentioned as their CEO.
We also found an interesting thing about them. As we told you that the company has provided a Swiss address. That must have raised suspicion in the eyes of Swiss authorities. They had warned Petronpay regarding it.
Their website is also basic at best as there are no advanced features that we expect from a successful investment company. With so many red flags and a warning issued by Swiss authorities, there’s no doubt that Petropay.com is nothing but a scam. Our rating for Petropay.com is our lowest at 0.5 out of 5.0.
