ArchWood (archwood.biz) is a private investment company which claims to earn its users 10% return on investment per day. There is no auditory record of their trade history. Their website overall looks pretty clean and simple but that is also a part of the problem. While we took a closer look at this service, it was quite clear that it is nothing but a ponzi scheme designed to specifically target newbie investors. Read our full review to find out why you should not give these scammers a chance to run away at your expense.
ArchWood Scam Warning-
There is no information about the creators running this investment firm. This is proves the fact that, we are dealing with a fraudulent platform wherein the creators have maintained anonymity in order to avoid criminal prosecution. Always remember lack of transparency and anonymity are the traits seen in most of the scams.
ArchWood represents an ICO, they raise funds from investors for trading activities, based on the initial investment the investors are promised a fixed amount of money predetermined by both the parties. This type of operations are heavily regulated all over the world. While we were trying to find any certificates confirming licenses they should lawfully hold, there weren’t any. We have confirmed through FCA ArchWood Timber Investment Limited has never been licensed which means they are trading and investing for their clients illegally.
ArchWood supposedly trades timber and cryptocurrencies. They do not talk anything about the signal generation process. We are not told which parameters creates trading bias in their software. There is no assurance about the win rate or draw downs of their trading system. Considering all these points along with the fact that they haven’t said anything about risk management means that they don’t know much about trading. Every reputable service out there provides detailed information about how the funds are allocated and utilized unlike this scam which is completely silent.
This firm claims to generate 10% return on investment daily. This type of return sounds enticing but in reality it is impossible to deliver them on a consistent basis. Often the newbie trader looking for a magical system fall prey to this type of scam because they do not have much experience. High return claims are used to catch your attention and trick you into believing that you can become rich within a short period of time. Ask yourself if this platform could really generate the type of returns as advertised on complete autopilot, why would they give it to the public for a minimal cost?
Most of the automated investment platforms feature a demo account to help their users get familiar with their platform and trading system without risking any money. ArchWood does not house a demo account. The investors have no means to test out this software without risking their funds.
If the investors run into any type of problem on this platform the only way to reach support team is through the email. Generally all of the reputable investment firm provide telephone assistance to their investors to make sure that they have a pleasant user experience but scam like these have no consent for their customers.
The minimum amount required to get started on this platform is $30. The deposit and withdrawal methods accepted by this platform are Bitcoin, BitcoinCash, PerfectMoney, Payeer and advcash. They state that the withdrawals are processed instantly.
ArchWood has many similarities to that of a ponzi scheme. This platform might pay in the beginning but understand the fact that this model of paying older investors by the money gained by new investor can’t last for long. The affiliates promoting this scam are given a flat 6% of the deposits made by their referrals. Note that the affiliates do not have to be an active investor to get their revenue.
ArchWood Review Conclusion-
ArchWood is not at all a legitimate investment platform. Do not throw your money into this scam.
Review Date: 2018/06/25
Author Rating: 1/5
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