Do not invest in another HYIP scam without reading our full Profit20.io Review first! We have just finished researching this new HYIP scam and our conclusion is NOT positive. There is nothing we hate more than a malicious financial scam, which is why the highlight of our day is posting a negative review on these scam sites that only exist to steal from you.
For many of you, you are reading this after Profit20 scam has already closed. If so, please know that you aren’t alone. Thousands of people will lose their money with this scam and people are still depositing into the site even though it’s not paying! Thank God you didn’t lose more money and remember to always check with us in the future before signing up with any online investment program!
Official Website: https://profit20.io/
Profit20.io is a HYIP or high yield investment program that offers an ROI (return on investment) of 120% which can be withdrawn at any time but expires as soon as the maximum earning has been reached.
Profit20 scam follows the same basic business model as all other HYIPs that are currently circulating on the fast and quick investment markets. The vast majority of HYIPs in the past year have already shut down with a complete loss to their investors. We recommend doing your research before investing in any site that promises an ROI that sounds too good to be true.
Most of these scam HYIPs all share a few things in common, which we will examine in detail below. The rule of investing is that if you can’t prove their profits than they are lying to you. Do NOT invest in any system that does not offer the proof you need in order to make an informed and transparent decision!
Profit20.io Scam Facts Exposed!
If you have ever invested with a HYIP, you know that most of the time they end up closing before they finish paying all the pending withdrawals. You don’t need to be a victim of this HYIP scam, because you can look for the following signs and determine if something will close or not. Education is the key to avoiding becoming a victim!
1. Profit20.io scam claims to be a cryptocurrency trading investment platform, yet they have no evidence of trading reports or trading data.
Any site that claims to be trading in binary, forex, or cryptocurrency and refuses to show you their trading portfolio is lying to you. All traders can locate their trading data quite easily. They can then take a copy and post it on their site to show their profits and losses. This report does not have any personal details on it, so it is completely safe to share and many trading sites share theirs without any problems.
Profit20 scam refused to show us their trading reports, even after we told them we were writing a Profit20 review on their website. This is a huge red flag and should be a warning to anyone wanting to invest.
2. The owner of Profit20 HYIP scam refuses to tell us his name and background information.
Once again, a legitimate trading site will have transparent details about the owner and admin of the team of traders. That way you can look him up online and see if he has positive or negative reviews. If you find a trading site that refuses to tell you the name of their CEO, you are better off to run away as fast as you can. This is technically illegal. Under the laws governing trading sites, you are required to tell your name to your investors.
Why would a legitimate and successful trading site hide their trading proof AND the name of the man who controls the trading team? Two big red flags and yet still people will continue to invest…
3. Profit20 scam is registered in Panama, which is notorious for two things, tax evasion, and scams.
Profit20.io scam promises to deliver 120% on your investment but they are registered in Panama which provides zero oversite and virtually no legal protection. If you lose your money, you will have no recourse in Panama. They don’t care about you. They only care about taking the business registration fee from the website, which is why they offer it.
Furthermore, when we checked with our favorite cryptocurrency brokers, none of them have ever heard of a team of traders associated with Profit20 scam. They advised us to warn our readers that this trading scheme was most likely a cover-up for a Pyramid scheme as they most certainly are not trading.
User Reviews: Is Profit20 Scam Paying?
So far we have gotten a few reports that Profit20 is paying. We advise you to take these reports with a grain of salt. Most people who claim that it is paying are lying in order to earn some referral money. Most HYIP scams do pay the referral money in order to increase their marketing and attract new investors. You will notice that we do NOT offer a referral link on because we do not want you to lose your money at our expense!
We give Profit20.io scam another 2-4 months before they shut down and stop paying. If you want to take that risk, it’s up to you, but we advise against it.
Other Safe Ways To Earn Online
We specialize in trading online. Below you will find our top favorite regulated, long-running trading programs that earn consistently. If you have any questions, please send us an email and we’ll get back to you right away.
eToro Review – Is our 1st top regulated social trading broker. Harness the power of the crowd and talk directly with professional traders before you copy their profitable trades into your account…
Note: With eToro, you don’t need any experience to make money. It’s a 3 step process. Open an account, copy the traders we’ll give you, Watch your balance grow!
Is Profit20.io a Scam?
Profit20.io is a scam and should be shut down by the Panama authorities, but we doubt they will. They don’t care about you and they won’t protect your money either. Please be sure to apply the same test to any HYIP you see online and send us a message if you need our help!