What is LuxEarn.com? Is LuxEarn a Scam or a Legit?
Are you searching for LuxEarn reviews so that you can find out either is Lux Earn scam or legit, what is Lux Earn in real? Well then, your search ends here because you can find the complete truth about LuxEarn.com within our LuxEarn review here. In short, we want to make you clear that LuxEarn.com is not a good company. So, we have listed it within our Not Recommended sites list. However, if you want to find out the details why we are saying LuxEarn is a bad company, then you can find those details within our LuxEarn.com review as below. But, if this short information on LuxEarn.com is enough for you and now instead of finding out the details on Lux Earn, if you want to find out the legit companies to earn money online, then you can click this link:- newsonlineincome.org/legitimate-work-home-businesses/
Although we have listed several kinds of legit online work companies, but also we always recommend everyone to start their own business online in order to make good amount of money. It only sounds difficult to start your own business online, but in reality it is not. Even there are tons of training companies which will teach you to make your own business online. However, we recommend you to join Wealthy Affiliate if you want to get complete precise training to establish your own successful business online. Wealthy Affiliate will provide you step by step video tutorial to create your own business online and make good money out of that. If you are interested to know more about Wealthy Affiliate, then you can find our detail review on Wealthy Affiliate by clicking this link:- newsonlineincome.org/wealthy-affiliate-review/
OK, now let’s begin with our Lux Earn in order to find out what is LuxEarn in real.
Lux Earn login and join in link:- https:// luxearn. com/ (Not recommended to join)
What is Lux Earn and why don’t we recommend it?
LuxEarn.com is completely a Ponzi scheme. If you don’t know what is Ponzi scheme, then it is an illegal and unsustainable scheme where majority of members will lose their money at the end. Ponzi schemes only pay to few members at starting to lure more people into their scheme so that they can run with big amount of money. In order to pay those few members, they use the money invested by other members. Ponzi schemes never have any back up income source like they claim. Every Ponzi schemes claim that they have good income source to pay back certain about of ROI to their members, but in reality they just use the money invested by new members to pay few existing members, but at last completely stop paying when they succeed to collect enough amount of money for themselves. That is why Ponzi schemes are illegal. If you want to find out more details on illegal schemes like Ponzi and Pyramid, then you can find the details by clicking the following respective links:-
Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
If you check the WHOIS details of LuxEarn, you will find out that it has completely hide its owner details and it has also not mentioned anything about who and from where is operating Lux Earn within its official website as well. When some companies hide their owner details, in online work industry, that is marked as warning sign because till date none of the legit online work and investment companies have hide their owner details, only the scam companies have. More than that, the WHOIS details of LuxEarn matches with other lots of scam sites like Zooo.cc, Yesss.cc, FundsBroker and so on. So, may be all of these sites are from same group. Anyway, either all of these sites are from the same group or not, it doesn’t matter because the business model of LuxEarn itself is enough to prove it is an unsustainable and illegal company.
Let’s do the reality check. Lux Earn is offering high rate of return, such as 5000% ROI within 120 days, 7% daily for 120 days, 20% daily for 10 business days and so on. Well, it doesn’t make any sense to pay such amount of high rate of return by collecting the investment from several people because every legit companies which can make such amount of huge profit, they can simply take either business or personal loan from a bank in much more lower rate, less than 1% monthly interest rate. So, why any company wants to pay 20% daily by taking loan from several people instead of just taking loan from a bank and paying them less than 1% monthly? Well, there is not any reason for doing such thing. So, this proves the business model of LuxEarn is bogus in itself. So, we never recommend anyone to invest in LuxEarn.
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