Is Forexbrothers.net Legit or Scam? Review

posted in: HYIP, Scam | 0

Welcome to my Forexbrothers.net Review!

If you are reading this post because you might be interested on joining Forexbrothers.net, before you do, please read on to find out whether it’s Legit or Scam.


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SCAM!

Company: FOREX CAPITAL MARKETS LIMITED (FXCM)
Business Model: HYIP (High Yield Investment Program)
Owner: Brothers Jon and Martin Widebackers
Product: High Yield Investment
Start Date: Oct. 24, 2016
Contact: The Northern & Shell Bldg. 10 Lower Thames St, London EC3R 6AD, UK
+44 20 7398 4050

Forexbrothers.net Overview

Well, this is odd? It seem that Forexbrothers.net have some relation to a public forex company under a NASDAQ ticket symbol of FXCM with offices around the globe. Its a UK Forex Trading Investment company located in London.

It’s odd because why would a very well established company doing in HYIP? You can view the relation on Forexbrothers.net’s About website.

Forexbrothers.net claims there are in business for over 5 years with more than 200 employees worldwide. It just doesn’t make sense. Maybe Forexbrothers.net is using FXCM background to earn trust from their investors or maybe it’s intentional so more people will fall into their HYIP trap?

They further stated that their investors deposited money is held in a segregated client bank accounts (which ones?) and in the even of default, their clients funds is protected by the Financial Services Compensation Scheme (FSCS), which is a compensation scheme for customers of UK authorized financial services. By the way , both Forexbrothers.net and FOREX CAPITAL MARKETS LIMITED are not listed in the FSCS’ website.

Whatever it is, Forexbrothers.net is still a High Yield Investment Program also known as HYIP. Although it doesn’t show when they started on their website but based on some HYIP monitors, Forexbrothers.net was launched on October 24, 2016.

They offer high yield returns on real money investments. They do not have any affiliation with any financial departments nor do they offer any financial advise. They are not financial brokers either.

Most of these program creators, are located either off-shore or in some undisclosed locations. Their main mission is to make as much money as they can then, disappear. It’s pretty much guaranteed they will scam.

Forexbrothers.net Domain Info

Below is a screen shot of Forexbrothers.net domain info. Their domain is privacy protected, meaning we do not know who owns or runs this website. The IP location is not the actual location either, it belong to their server.

The domain registrar shows the domain was bough on October 01, 2016. They must of have a huge web team ready in place to launch Forexbrothers.net on October 24,2016

It doesn’t show who the Registrant is but it show where it was registered, with an IP address in Ecuador

source: http://whois.domaintools.com/forexbrothers.net
source: http://whois.domaintools.com/forexbrothers.net.

Also, they show on their website that they started on Nov. 25, 2011 but their somain was created on Oct. 1st, 2016?? See image below;

source: forexbrothers.net
source: forexbrothers.net

Forexbrothers.net Products

Forexbrothers.net offers 1 compensation plan with a minimum deposit of $25.

  • 0.63% Hourly for 250 Hours

Meaning if you deposit $25, you will receive $37.50 after 240 hours or 10 days.

Is Forexbrothers.net Legit or Scam?

Forexbrothers.net owner is trying to use a reputable and publicly traded company as a trap to lure people into their HYIP program. Unfortunately, the un-savvy investors who does not or know how to conduct a program research will fall into this trap. And this is one of the reason we never stop seeing new HYIP programs popping up everyday, it’s a one way winning street for the owner and creator.

I think I’ll have better odds going to Las Vegas and gamble my money on say Roulette where I’ll get 50/50 chance of doubling my money ‘On the Spot!’.

HYIP programs are guaranteed scam. The owners only relies on customers deposits to survive. They cannot function for the long term. They’ll ran out of money this way. The average HYIP programs only last about 7 to 14 days. Although some last much longer but then again, no one can really predict when the owners will run off.

So, no thanks. I just will not my money on HYIP programs. I’ll stick to my Online Marketing Business.

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Warning: HYIP Investment is Highly Scam and Dangerous!

If you have never invested in HYIP Programs, good for you. Just stay away! If you have, you know how dangerous it is. HYIP programs are doomed to scam. It's a guaranteed scam.

The owners of HYIP programs are basically out to scam people. They created an attractive website to grab innocent people's attentions and lured them to invest real money and in return, offers some outrageous ROI (Return on Investment) rate. Once their program makes enough money, they stop paying and disappear from the face of the earth.

So, be warned, stay away from these HYIP programs. If you are looking to make money online, there are hundreds of legit programs out there such as selling on Ebay or Amazon. And if you don't have a product, you can make money with Affiliate Marketing. Check out my highly recommended programs below.

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