HourCheque (hourcheque.com) is an online investment opportunity which claims to earn its users returns of up to 19% per hour. There is no evidence to support their claims. While we were investigating this service we found a lot of disturbing facts which makes us believe that we are dealing with a ponzi scam. Read our full review to find out why you should never give this fraudulent firm a chance to run away with your money.
HourCheque Scam Warning-
The creator behind this platform is an entity known as Peter Christophe. He along with his team are supposedly running this firm. We were unable to find any information about the creators anywhere on the internet except their website which means that Peter Christophe is a fictitious entity. The images used are just stock photos purchased or stolen from other websites.
HourCheque represents an ICO wherein it requires its members to invest a certain amount of money and in return they are provided with a fixed predetermined returns. While we were trying to validate their service we could not find any certificates confirming licenses they must lawfully hold. We have confirmed through the FCA HourCheque has never been licensed which means they are trading and investing for their clients illegally.
HourCheque does not talk anything about how the funds raised from investors will be utilized? We are only told that the funds are handled by a group of alleged Bitcoin, stocks and Forex experts. By featuring a wide investment spectrum, they are trying to lure in all type of investors. We do not know which parameters it considers before executing a trade. HourCheque does not provide assurance about the reliability of the software. How can an investor trust this platform with their funds without knowing the win rate and draw downs of the trading system?
HourCheque claims to earn its users returns of up to 19% per hour. These type of returns are not only difficult to achieve but impossible to deliver on a consistent basis. High return claims are used to catch your attention and trick you into believing that you can become rich very quickly. Ask yourself if this firm could really produce the type of returns as advertised why would they offer it to the public for a minimal cost?
HourCheque claims to actively trade on stocks, bitcoin and currency market. Most legit automated solutions provide their users with demo account so that they can practice different trading strategies and systems without risking any money. This platform does not feature a demo account. If you encounter any problem on their website the support team can be reached through telephone and email.
The basic investment plan on this platform starts at $10 and goes up to $2,000. For higher returns the investors have to increase their initial investment. The deposit and withdrawal methods accepted by this platform are Bitcoin, Litecoin, Ethereum, Perfect Money, Payeer and advcash.
HourCheque displays a lot of comments from the alleged early users where in they explain about how this software helped them earn significant amount of money. Isn’t it strange, all comments are favorable to them!
HourCheque features characteristics similar to a ponzi or a pyramid scheme. Like most fraudulent investments their main goal is to make as much money as possible from registrations before they get shut down and run away at your expense. The affiliates are paid a percentage of deposits made by their referrals. Note that the affiliates do not have to be an active investor in order to get their commissions.
HourCheque Review Conclusion-
HourCheque is an unreliable investment platform which is operating illegally. Do not invest your money into this firm for any reason.
Review Date: 2018/06/18
Author Rating: 1/5
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