Before you invest your hard earned money into an online investment program, please read our complete Credencefinance.net Review. We have done the research for you, so that you can make the best decision regarding your own investment options. Unfortunately, we have determined that Credencefinance is a scam and should not be trusted.
For this reason we NEED your help! Millions of people are currently online searching for investment sites to earn from. Many of those people will end up signing up with this scam. The more people that read this article, the better! Please share this review on all your social media sites so we can get the word out!
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Official Website: https://credencefinance.net/
Credencefinance.net is a HYIP or high yield investment program. They are currently offering an ROI or return on investment ranging between 12%-45% Daily. This is an incredibly high return and definitely NOT sustainable long term.
There are several problems with this investment offer, and we will detail and explain them all below.
Credencefinance wants us to believe that they are a highly successful forex trading site. However, further down their page, they have a video about Bitcoin. So which is it? The site seems very disorganized and confusing. Are they trading BTC or trading forex? They are NOT the same thing.
A legitimate forex site will be able to show you a long history of trades and results, either positive or negative. This is not hard to do. If you are trading, you can simply show screen shots of your work. Credencefinance.net scam has not even attempted to prove their forex trading.
Further more we discovered that they stole the name of a wealth mangement company called Credence finance and their website is www.credence-financial.com, so clearly this hyip website should not be trusted.
In reality, this site is nothing but another Ponzi scheme. This means that they are gathering money from Group B (new members to the site) and paying that money to Group A (the first members of the site). This is also called “recycling money”. They aren’t earning money through forex trading. They are just moving money from one Group to another Group in order to imitate an investment pay out.
Ponzi scams NEVER last. That is why they are all called a “scam”. It would be one thing if the owners of Credencfinance HYIP were upfront and honest about this. There are other sites that offer the Ponzi approach and are honest and explain how it works. However, this is not the case there. They have deliberately lied about forex trading.
Before you join any HYIP or other online earning program, it is always wise to take a long close look at the facts of the company. Here are the most commonly asked questions and answers you should be looking for when you find a new site.
1. Who owns and operates Credencefinance scam?
Supposedly a man named, Richard Welton, is the admin of this site. However, we did a bit of digging and discovered that the actual website registration and business license do not list this name at all. In fact, the website registration specifically hides the name of the real owner.
So why the secrecy if Richard Welton is the real owner? The answer to that is simple. The vast majority of HYIP scam sites have a vested interest in concealing their true identities. They don’t want the people in their real life to know about their scam business and most of all, they don’t want the police to find them. The name “Richard Welton” is a fake name that the real owner is hiding behind.
2. Where is the Credencefinance.net scam located?
The business registration is from Hong Kong. Don’t be fooled, the name “Richard Welton” is not a name commonly found in Hong Kong. We discovered that it is simple to purchase a business license online for Hong Kong, which means that anyone with a fake ID can make this happen.
HYIP scams typically all have meaningless business registrations from either the UK or Hong Kong. In reality, most HYIPs are located in Nigeria or Russia.
3. Is Credencefinance HYIP regulated and insured?
No! Credencefinance.net HYIP scam is neither regulated nor insured. They are hoping you will believe their “business license” is proof that they are a legitimate and trusted company. This could NOT be further from the truth.
We do not advise investing in any company that is not regulated. Why? Because if that company treats you badly, you will have nobody to complain to. If they are regulated, you can contact their regulations group and report them. In the case of Credencefinance HYIP, you are on your own. They do not follow any regulations which make them a highly untrustworthy program.
Is Credencefinance.net Paying?
Let us be VERY clear. Credencefinance.net is a new HYIP. When a new HYIP site opens they always try to pay for the first month or two. They do this to increase trust among the public and get a larger group of investors. As the next few months go by, they start running low on money that they are willing to recycle back into the group.
Remember! Credencefinance is a ponzi scam! They can only give back a portion of the money they take in and most admins want a large portion for themselves to keep! 99.9% of all HYIP members NEVER make a profit. This is a fact.
We predict that Credencefinance.net will pay for the next 2-4 months before collapsing. However, during this time you will see lots of “I got paid” spam. Don’t get too excited. Be smart! Invest your hard earned money into a system that actually works and doesn’t just shift old money around until it runs out!
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Is Credencefinance.net a Scam?
Credencefinance.net is a scam. They are also a deceptive Ponzi program disguised as a forex investment site. Do not give this dishonest company a single penny of your money. Remember, they don’t even have the decency to tell you the REAL name of the owner.
If you or anyone you know has lost their money to this scam, we need to hear from you! Send us a message and tell us what happened. We can also give you some tips on how to get your money back!
Stay safe online and as always…