Legit business or investment scam? vol. 1: Forexparadise.biz
In my first blog about Investment scams, HYIP or Ponzi schemes I will talk a little about Forexparadise.biz and my experience with it.
I first came across www.Forexparadise.biz on June 7th. This year, and thought it looked interesting. I then did a little research on different HYIP sites and they all had the same answer: Forexparadise.biz is a Ponzi scheme, be careful when investing etc... But the site had been up and running for 800+ days and i couldn't find anyone that had lost their investment. Despite of all the advise i've got i decided to do it anyway.
My first investment
The signup was very easy and straight forward, and now i could do it (invest that is).
They have multiple investment plans (more on that later) and i looked them over and found one that suited me.
Classic 430 it's called and the minimum investment is 0.1 BTC but at the time you got a 10% bonus on whatever amount you invest. I transferred 0.1 BTC (58 USD) to them and within a couple of hours i got an email that said they received the BTC and the investment was a go (so far so good).
The next couple of days went by and i logged in to my account to see what was going on, and there it was.. I had earned 0.00088 BTC (0,51 USD) a day for 3 days, so my account had 0.00264 BTC on it and now i clicked withdraw.
This was the exciting part, and at the exact moment i clicked yes to the withdraw request they arrived at my wallet.
There was no manual transfer from them, it was fully automated, in my mind that gives them a lot of credibility.
I did the most common thing and invested some more (maybe it's not so common, but hey, i didn't find a single person that has been scammed by this site).
My second investment
After the first success of withdraw i invested 0.5 BTC with a 20% bonus in a different plan called Superior express.
And again it took a couple of hours from my deposit until the investment was up and running. This plan i a long term investment that takes 5 months to payout but i have great confidence in this company, so no worries from my side.
Payout date: November 13. 2016 (i'll post an update when it happens).
Investment plans
600% after 60 days: deposit 0.15 - 105 BTC - Total return 400 - 600% - Running time 60 days
Superior express: Deposit 0.3 - 250 BTC - Total return 330 - 759,38% - Running time 5 months
Superior 1777: Deposit 0.3 - 250 BTC - Total return 728 - 1777,24% - Running time 12 months
Classic 430: Deposit 0.1 - 400 BTC - Total return 188 - 430% Running time 154 days
You can read more about the company behind the site and their investment plan on Forexparadise.biz