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Welcome to this review on Hourzip.com in which we will highlight the red flags that lead us into concluding that this broker is a scam that you should avoid by all means.
This is an unregulated investment company thus very untrustworthy do deal with. It is a requirement that you should never overlook that any investment company must be regulated by the regulator in the jurisdictions that they are operating in.
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Who is Hourzip.com?
Hourzip.com is an HYIP.
These schemes have specialized the art of luring customers with extremely high rates of return on investment.
Theirs is just a matter of time and not if they are a scam. What they do is pretend to be paying the first few customers so as to get referrals.
Once they hit their target they just disappear with your money.
Hourzip.com has various investment plans that pay a profit of from 1.04% – 1.4% hourly for 100 hours as minimal profit for investment to 20% – 25% hourly for 20 hours as maximum profit. From experience, in this industry any promise of profits higher that 3% per month is questionable. This broker has not clearly stipulated how they raise such super crazy profits daily for one year. Stay woke not to lose all your money.
A referral commission of up to 10% is paid by this broker. This is to entice more investors to come on board so as to increase their loot. Why would someone be paid for bringing an investor on board, yet they will be earning their profits? Take note of these cheap tricks.
How does this Scam work?
Scammers present many fraudulent ads on the Internet and social media. Their aim is to lure as many people as possible to steal from.
Once you click and provide them with your e-mail and contact number they will ring you immediately and would promise you anything to make you deposit money with them as quickly as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t ever provide this information unless you want to get in trouble. There is also a chance to become a victim of Identity Theft, experiencing many more problems consequently.
Gradually they would ask for more money from you no matter the results. If you lost on the market, they’d persuade you to put more money and recover the losses. If you traded well, they’d convince you to put more money and increase the profits.
The troubles start when you ask for a withdrawal. The scammers would do anything to discourage you and even ask you to pay them if you want to withdraw. The scammers’ mantra is “give me your money”, they’d insist every day you should deposit again and again, for no obvious reason. Legit companies do not bother you over the phone to deposit with them, so if someone pushes you to invest, it’s most probably a scam.
Is it safe to invest with this broker?
It is definitely not safe to invest in this illegitimate broker.
HYIP schemes cannot be trusted. They often lure investors to put in their money then vanish with it once their target has been reached.
There is no evidence of regulation for this broker. Unregulated brokers can never be trusted as they are fond of breaking regulations. They always disappear to thin air since they are not answerable to any watchdog.
Hourzip.com is a scam.
They are using a cheap trick of luring investors with crazy profits. Whenever a broker is not regulated do not be tempted to put in your money however lucrative the deal may seem to be.
Unregulated brokers are high risk ventures to even think of investing your money in. They are not answerable to any watchdog incase of any misappropriation of investors’ money. All financial services providers must be regulated by the regulator in which they are operating in.
This is a newly registered broker in this industry, be wary with the kind of promise they are making on crazy profits. This is a con.
We cannot recommend this broker for now, this is a time bomb and for sure they will scam you!
Have you been scammed by this broker? CLICK HERE to recover your money.