PlBalance (Plbalance.com) is a high yield investment program which claims to yield returns of up to 150% after 15 days. There is no sort of credible proof to back up their claims. This service has been active for around 3 months as of writing this review, within this short while this firm has scammed a lot of people.
While we took a closer look at this service, we found a lot of highly misleading and inconclusive factors which makes us believe this platform is nothing but an overblown ponzi scam.
Read our comprehensive review to find out why you should avoid any kind of interaction with this fraudulent platform.
Company and Support
Every reputable investment firm tries to maintain cordial and transparent relationship with their clients to boost their credibility factor but this firm does not disclose any details about the creators or developers behind this platform.
These faceless scammers are very well aware of the fact that they have to face criminal prosecution for operating illegally, so to avoid that they have maintained complete anonymity. Will you trust an unknown person with your money?
PlBalance represents an ICO. Firms which provide financial services are required to be regulated in most countries. While we were trying to find any certificates confirming licenses they must lawfully hold, there weren’t any.
We have confirmed through FCA PlBalance Limited has never been licensed which means they have no rights to raise funds from general public for trading and investing purposes.
If you run into any kind of problems on this platform then there is nothing you can do about it. There is no support staff to address your problems.
Have you ever seen an investment firm which does not care to hire a support team? These scammers are least bothered about providing any type of after sales service.
How does PlBalance Work?
We have no idea. They state that they are actively trading in the forex market but fail to provide any type of performance report of these so called expert traders and fund managers.
We are not told what parameters creates a trading bias. There are a lot of variables factors which affect the price of a currency pair but we are not briefed upon any details as to what gives this firm an edge.
This firm does not take much about other important aspects of trading like risk management and money management techniques. Sending money to this firm is just like taking a shot in the dark with your money, you are bound to lose all your funds.
What kind of returns are offered by PlBalance?
The thought of making easy money on complete autopilot is very enticing but unfortunately it is not possible to earn profits from the markets unless you put in a lot of effort. High return claims is an effective trick used to catch your attention and trick you into believing you can become rich very quickly.
Here are the investment plans offered by this platform
2.2% Daily for 50 Days
Minimum Deposit – $10
Ref. commission – 1%
150% After 15 Days
Minimum Deposit – $15,000
Ref. commission – 1%
The basic investment plan which offers 2.2% daily might seem believable but if you do the math it adds to 66% which is more than what legitimate solutions can ever offer.
Ask yourself if this platform really generate these type of returns, why would they offer it to the public for free?
The main motive of the fraudulent platforms like these is to earn as much money as possible from registrations before they get shut down and run away at your expense.
In order to reach more people quickly, this firm offers handsome rewards to anyone who promotes their platform. The affiliates are paid a percentage of deposits made by their clients.
Note that it is not mandatory for the affiliates to be an active investor to get their commissions.
Deposit and Withdrawal
The only deposit and withdrawal method supported by this platform is PerfectMoney.
They state that the withdrawals are processed within 48 hours.
According to whois.com this domain was registered on 20/04/2018 and expires on 20/04/2020.
This website ranks 601,785 in the Unites States and has a global rank of 1,356,598 according to alexa.com.
The majority of the users coming to this website are from United States, Russia, Kazakhstan and Ukraine.
Is PlBalance a Scam?
If this platform was really trustworthy they would have provided the investors some way to test out their platform without putting their money at risk. Do not yield into any of their shady tactics.
PlBalance Review Conclusion
PlBalance is a ponzi scheme wherein they pay the early investors form the money generated from registrations of new investors, as you know this model can’t last for long.