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What is Crypto Forex Bank? Is CryptoForexBank Scam or Legit?
Have you landed here because you were searching Crypto Forex Bank reviews to find out what is Crypto Forex Bank in real, either is Crypto Forex Bank a scam or a legit? If so, then your search ends here because within our Crypto Forex Bank review, you can find out the complete truth about Crypto Forex Bank. Actually, we have listed Crypto Forex Bank within our Not Recommended sites list. If you want to know why, you can find in details within our CryptoForexBank review as below. But, before that if you are curious to know either we have recommended any online works and businesses, then you can find the list of our recommended online works and businesses by clicking this link:- newsonlineincome.org/legitimate-work-home-businesses/
However, even we have recommended many online works and businesses, but also our No.1 recommended online business is Wealthy Affiliate. If you don’t know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.org/wealthy-affiliate-review/
OK, let’s begin with our Crypto-Forex-Bank.com review in order to find out what is Crypto-Forex-Bank.com in real.
Crypto Forex Bank login and join in link:- https:// crypto-forex-bank. com/ (Not Recommended to join)
What is CryptoForexBank and why don’t we recommend it?
Crypto Forex Bank is not a real bank, but is an illegal scheme, a Ponzi Pyramid hybrid which can’t be sustain for long time. So, we don’t recommend anyone to invest in Crypto Forex Bank. They claim that they are expert in trading so that they can pay back from 1.2% daily to 30% monthly upto 6 months to their members who invest in their ROI plans. Well, their claim itself prove that they are fake company because if some company can really make 1.2% daily profit to 280% ROI within 6 months, then they don’t have to collect the investment from several people in first place because they can simply use their credit card balance or can take a loan from a bank in much more lower rate than what they are offering to their members. So, why they are not taking loan from a bank in less than 1% monthly rate? Don’t you think they can make much more profit by paying 1% monthly to the bank than paying 1.2% to 280% ROI to their members? OK, even if we assume they can’t take a loan in the name of the company, what about taking personal loan? Well, that proves that their claim is fake and in real they don’t have any system to make real profit to pay their members. So, at starting they will pay to few members using the money invested by new members so that they can show payment proofs and can lure more people into their scam. After all they are here to earn big amount of money. Once they gather enough investment from several people, they will just stop paying and run away with money of members. Every Ponzi scheme operates like this. That is why we don’t recommend any Ponzi scheme like Crypto Forex Bank.
If you want to know more about illegal schemes like Ponzi and Pyramid, you can find that by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
Well now why we are also saying Crypto Forex Bank is Pyramid scheme. It is because they are offering upto 3 level referral commission like MLM (Multi-Level Marketing) companies, but without selling any real products or services, just on the sales of Ponzi ROI plans. So, any company which pay referral commission upto uni level downlines without selling any real products or services, they fall into illegal scheme known as Pyramid scheme.
Now may be you are thinking they have provided UK Companies House registration document. So, how can they be illegal.
Well, it is not a big deal to register company in UK Companies House and even that registration is only for tax purpose, not a license to run investment company or a bank. You can simply register company in UK Companies House just by paying 20 GBP only and that is also by providing virtual address of United Kingdom by renting address from virtual address services. If you check the address of Crypto Forex Bank, then you will find out that is not a address of the company Crypto Forex Bank, but just a rental address. Actually it is not a new thing. You can find tons of illegal companies using registration document of UK Companies House so that they can make people confuse. Tons of Ponzi schemes which use to have registration document of UK Companies House have been already turned into scam. So, it proves that having UK Companies House registration document doesn’t stop anyone to scam people.
Actually, if you check the WHOIS detail or official website of Crypto Forex Bank, you will not find any information about who and from where is operating Crypto Forex Bank. It is because they don’t want to come upfront because they know they are here to scam. After all who wants to show themselves if their intention is not good.
Crypto Forex Bank claims that it was founded in December 2016. But, if you check the WHOIS details, you will find out that Crypto Forex Bank has been registered at 27 May 2017. So, there is another fake claim. Like this you can find lots of fake claims by Crypto Forex Bank.
That is why we don’t recommend anyone to invest in Crypto Forex Bank because it is completely bogus company.