Forex-x.ltd Review: HYIP scam – 5% daily profit

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Forex-x.ltd was officially launched on 06.01. 2021. Clearly, this is a new entrant in the forex market.

The domain of this company is registered in Arizona in the United States of America yet as per the certificate of incorporation from their website, it operates in England.

Forex-x.ltd

Similar to Coinbanker.top, this broker is a scammer only in this space to defraud you of your hard earned money.

Are you a victim?  CLICK HERE to recover your money.

Overview of Forex-x.ltd

This broker is an HYIP.

These schemes have specialized the art of luring customers with extremely high rates of return on investment.

Theirs is just a matter of time and not if they are a scam. What they do is pretend to be paying the first few customers so as to get referrals.

Once they hit their target they just disappear with your money.

Forex-x.ltd boasts of a 5 plus years experience in the forex market yet they have only been in existence for just one day.

The people running the investment in day to day operations are not disclosed. This is a major red flag to always look out for. The experience they are touting in their website should be supported by the personnel, their qualifications and expertise in the subject matter.

In addition to the above, it is not clear from the website who are the people behind this investment company. It is always advisable to interrogate the integrity of the directors and minds behind a financial services provider before investing in them.

Contact Address

Forex-x.ltd has provided an email to reach the customer service personnel for any query. The option of using telegram is also available for use. The calling option is only available for VIP investors.

Investment plans

  • For a minimum of $10 and a maximum of $1000 you earn a profit of 3% daily forever.
  • For a minimum of $1001 and a maximum of $3000 you earn a profit of 3.5% daily forever.
  • For a minimum of $3001 and a maximum of $5000 you earn a profit of 4% daily forever.
  • For a minimum of $5001 and a maximum of $7000 you earn a profit of 4.5% daily forever.
  • For a minimum of $7000 and a maximum of $10000 you earn a profit of 5% daily forever.

The above rates of return on investment are ridiculously high. From our research any promise above 3% per month in this industry should be interrogated further before investing even a single penny.

A referral commission of up to 7% is paid by this broker. This is to entice more investors to come on board so as to increase their loot. They want to reach their target as soon as possible with the highest number of causalities. Why would someone be paid for bringing an investor on board, yet they will be earning their profits? Take note of these cheap tricks.

Is it safe to invest with this broker?

It is definitely not safe to invest in this illegitimate broker.

HYIP schemes cannot be trusted. They often lure investors to put in their money then vanish with it once their target has been reached.

There is no evidence of regulation for this broker. Unregulated brokers can never be trusted as they are fond of breaking regulations. They always disappear to thin air since they are not answerable to any watchdog.

For legitimate brokers please click here.

Conclusion

Forex-x.ltd is a scam.

They are using a cheap trick of luring investors with crazy profits. Whenever a broker is not regulated do not be tempted to put in your money however lucrative the deal may seem to be.

Unregulated brokers are high risk ventures to even think of investing your money in. They are not answerable to any watchdog incase of any misappropriation of investors’ money. All financial services providers must be regulated by the regulator in which they are operating in.

We cannot recommend this broker for now, this is a time bomb and for sure they will scam you!

Have you been scammed by this broker? CLICK HERE to recover your money.

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