Proven-Profits.co Review

Proven-Profits is an high yield investment program which supposedly generates 2,500% after 50 days. The ridiculous returns claims are not backed up by any evidence or trading history reports. When we were investigating this service, it was more than evident that we are dealing with a ponzi scam.

This service has been active for around 3 months as of writing this review.

If you are considering to invest into this platform, read our full review to find out why you should never trust this fraudulent firm to handle your money.

proven-profits.co - Review

Proven-Profits Company and Contact Details

Firms providing financial services have to be regulated by certain authorities. Proven-Profits represents an ICO wherein they raise money for trading and investing purposes from general public, in return the investors are promised a fixed sum.

While we were trying to validate their service, we were unable to find any certificates confirming licenses they must lawfully hold. We have confirmed through FCA Proven-Profits Limited has never been licensed thereby are operating illegally.

To appear legitimate they have featured some type of registration document on their website but that does not mean they are authorized. Here are some of the company details put up on the platform.

Company Name – Proven – Profits LTD

Company Number – 11341374

Date Incorporated – 02/05/2018

Address – No 87, Lord ST, Manchester, M4 4EX, United Kingdom

The support team of this firm can be reached through email and telephone 24/7.

Email – customers@proven-profits.co
Telephone – +44 2032872291

What does Proven-Profits do with the Funds?

This firm states that it is mainly focused on trading cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc. The explanation of their trading system is highly inconclusive, they say that they buy low and sell high. Apart from the absurd explanation we are not told how the funds are allocated or utilized.

The investors are not briefed about any risk management protocols they have in place if a market crash happens. The lack of transparency covering this firm is not justifiable by any means.

Will you trust unknown person to handle your funds?

We wouldn’t

What kind of returns does Proven-Profits offer?

There are a 6 investment plans wherein for higher returns, the investors have to ramp up their starting capital.

Plan 1

120% After 1 Day
Minimum Deposit – $25

Plan 2

419% After 5 Days
Minimum Deposit – $25

Plan 3

719% After 10 Days
Minimum Deposit – $25

Plan 4

951% After 15 Days
Minimum Deposit – $25

Plan 5

1130% after 25 days
Minimum Deposit – $50

Plan 6

2500% After 50 Days
Minimum Deposit – $501

According to the profit calculator provided on their website if a person invest $1000 he will get $10,000 after 50 days. Sounds like a miracle right?

Testimonies

Testimonies always acts as a credibility booster when it comes to online investing. There are a lot of positive testimonies sprinkled on their website wherein the alleged early users share their experience and views about this service but there is one main hurdle in believing them, there is no way to verify whether they are from real users or not.

Isn’t it strange that all the testimonies are extremely favorable towards them?

Affiliate Program

In order to reach maximum number of people, this service encourages people to promote their platform by rewarding them with up to 5% of the deposits made by their clients.

Note that affiliates do not have to be an active investor to get their commissions.

The affiliates are even provided certain promotion tools in order to make their campaigns easier.

Domain Popularity

According to whois.com this domain was registered on 27/04/2018 and expires exactly after one year

This website has a global rank of 560,804 and it ranks 36,801 in Iran according to alexa.com.

The majority of the visitors coming to this website are from Iran, Vietnam, France, Czech Republic and Indonesia.

This website also has a SSL and DDOS protection.

Deposit and Withdrawals

The deposit and withdrawal methods supported by this platform are PerfectMoney, Bitcoin, Litecoin, Ethereum, Payeer and advcash.

They state that it takes anywhere from 1 to 24 hours for the withdrawals to get processed.

Is Proven-Profits a Scam?

Yes

This service is just a ponzi scheme investment which might pay its customers or clients initially but eventually they will get shut down and run away with your money.

Proven-Profits Review Conclusion

Proven-Profits is an obvious scam you do not want to mess with. Avoid any kind of interaction with this platform.

Looking for a way to make money online?

Check out The Best Automated Solution

If you have any experience with this firm, please share your views by commenting below

Questions or general inquiry?
Email us- simplefxonline@gmail.com

To receive latest scam warning directly to your inbox free of charge, subscribe to Simplefxonline.com

Please follow and like us:
Summary
Review Date
Reviewed Item
Proven-Profits.co
Author Rating
11stargraygraygraygray

Add a Comment

Your email address will not be published. Required fields are marked *

Enjoy this blog? Please spread the word :)

  • RSS
  • Follow by Email
  • Facebook
  • Google+
    https://simplefxonline.com/2018/07/10/proven-profits-co-review">
  • Twitter