Forex Paradise LTD is a Hong Kong Investment company that seems to have hit the big time through social media circles in recent months (it’s seen a bit of a viral uprising!).
Now I trade Forex part time and I’ve come across thousands of investment opportunities that bear similarities to this bunch.
I have recently noticed that many websites that take the time to endorse Forex Paradise, haven’t done a good job of relating accurate information to potential members.
So I thought it was about time I got on the case!
Do you want to know if Forex Paradise can get you some additional money? Read this review to determine if Forex Paradise is a scam before you start investing YOUR money…
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What is Forex Paradise?
Forex Paradise is a High Yield Investment Plan, and will help you with your investments by putting your money into the foreign exchange. Forex Paradise will split the profit with you, and if you lose money they will insure the loss.
How Does This Company Work?
The first step to investing with Forex Paradise is to complete a form on their website. On the top right-hand corner of the site, there is a link labelled “sign up now”.
In order to withdraw or add money, you will need an account with one of the following companies:
- Perfect Moneyo
The minimum amount you can withdraw at any given time is very low.
There are two plans to choose from. The first is the Classic 430, which offers 0.08% to 3% of the profits.
The second plan is the Superior 1777 and offers 18% to 25% of the profits. Once you have a profit you will be paid using your chosen payment method.
In addition, if you fancy yourself as a bit of an affiliate marketer, you can be paid through Forex Paradise’s affiliate program, which offers five levels of payouts.
What is The Signup Fee?
There is no cost to signing up, however in order to earn any money you must first invest some of your money.
Different payment methods have different minimum amounts that you need to invest in order to get started, which varies from $25 to $100.
How Much Can I Expect to Earn?
And now onto the important stuff – how much green is gonna be put on the table???
The Superior 1777 plan offers the highest return on investment, up to 1777%. Forex Paradise puts 7% of your money into an insurance fund, which enables them to offer insurance on your investment.
Forex Paradise seems to be one of the very few investments sites that offers this kind of insurance.
What you can expect to earn depends on how much you invest, what plan you choose, and whether or not you join the affiliate program.
The website offers a profit calculator which you can use to determine your profits.
What Sort of Complaints Are There?
So far there are not any complaints against Forex Paradise, and many trusted review sites have given them an optimistic rating. The comments from users on the website are also primarily positive.
Is Forex Paradise a Scam?
According to the reviews found, Forex Paradise is a legitimate investment company (at the time of writing this article!).
There are no reviews available written by users reporting they received the money they were owed, however, there also are no negative reviews.
The website is well-designed, and the insurance is one of the greatest advantages the company offers (in my humble opinion!).
Since Forex Paradise is classified as a High Yield Investment Plan, high returns are possible. However, they are only possible with a higher level of risk.
The insurance provides some amount of reassurance, however, there is no guarantee that the site will pay out your profits.
Remember – Forex is not a game and there are no strategies that are set in stone! If you invest money into a Forex market that investment is ALWAYS at risk (no matter how good a trader you believe you are!).
Many people join foreign investment sites in the hope that you will earn some extra money very quickly. Since there is no guarantee that the site will pay you, your potential income is not assured.
As an alternative to investing in a program that does not guarantee a payout, consider trying an online program that teaches you how to start an online business, such as Wealthy Affiliate. This site is free to join, so there is no risk…