faxobit.com Reviews
is faxobit.com legitimate or a scam?How much trust do people have in faxobit.com?
Why is the trust score of faxobit.com strongly low?
Unrealistic Returns: The promised returns on investment, such as 220% in 30 days for the primary plan and 300% in 40 days for the platinum plan, are exceptionally high and not in line with typical investment returns. Such high returns are often associated with Ponzi schemes or high-risk, unsustainable investment models.
Lack of Transparency: The website lacks transparency about the specific strategies and mechanisms used for generating returns. It's essential for legitimate investment platforms to provide clear and detailed information about their investment approach.
Referral Program Emphasis: The heavy emphasis on the referral program as a means of earning, especially with multiple levels of referral commissions, is a common feature of Ponzi schemes. These programs often prioritize bringing in new investors over actual investment activities.
Early Withdrawal Fees: The 20% fee for early withdrawal of deposits is unusual and can be a tactic to discourage investors from withdrawing funds, especially if the platform is facing liquidity issues.
Compounding Options: While compounding can be a legitimate investment strategy, it can also be used to artificially inflate returns and create the appearance of profitability, especially in Ponzi schemes.
High Minimum Withdrawal Amounts: The minimum withdrawal amounts for certain cryptocurrencies are relatively high, which can be a barrier for investors looking to access their funds.
Limited Information on Team and Founder: While the website mentions the founder and team, there is limited verifiable information about their backgrounds and expertise. Legitimate investment platforms typically provide more detailed information about their leadership and team.
No Risk Disclosure: The website does not adequately disclose the risks associated with cryptocurrency investments, which is a standard practice in the financial industry.
Overall, the combination of high, unrealistic returns, an emphasis on the referral program, and a lack of transparency about investment strategies raises significant concerns about the legitimacy and sustainability of Faxobit.com as an investment platform. It's important for investors to exercise caution and conduct thorough due diligence before considering any investment, especially in the volatile and high-risk field of cryptocurrencies."
the reasons behind this review :
Unrealistic Returns, Lack of Transparency, Referral Program Emphasis, Early Withdrawal Fees, Compounding Options, High Minimum Withdrawal Amounts, Limited Information on Team and Founder, No Risk Disclosure
Positive Points | Negative Points |
---|---|
Website content is accessible No spelling or grammatical errors in site content | Low review rate by AI Domain is new Archive is new Whois data is hidden Domain does not rank within the top 1M on the Tranco list. |
Domain age :
2 months and 21 days
WHOIS Data Status :
Hidden
Website :
FAXOBIT.COM
Title :
FAXOBIT Your Wealth Architects. Asset Management & Investment Solutions
Description :
FAXOBIT LTD - Your Wealth Architects. Offering comprehensive asset management solutions and innovative investment plans. Join us for strategic asset management and exceptional ROI.
Website Rank :
3387981
Age of Archive :
0 year(s) 1 month(s) 12 day(s)
SSL certificate valid :
Valid
SSL Status :
Low - Domain Validated Certificates (DV SSL)
SSL issuer :
Sectigo Limited
WHOIS registration date :
2023/12/02
WHOIS last update date :
2024/02/21
WHOIS Renewal Date :
2028/12/02
Organization :
REDACTED FOR PRIVACY
State/Province :
Charlestown
Country :
KN
Phone :
REDACTED FOR PRIVACY
Email :
https://tieredaccess.com/contact/217802c4-5c52-4a36-b69d-07fa33b5fea2
Organization :
REDACTED FOR PRIVACY
State/Province :
REDACTED FOR PRIVACY
Country :
REDACTED FOR PRIVACY
Phone :
REDACTED FOR PRIVACY
Email :
REDACTED FOR PRIVACY
Organization :
REDACTED FOR PRIVACY
State/Province :
REDACTED FOR PRIVACY
Country :
REDACTED FOR PRIVACY
Phone :
REDACTED FOR PRIVACY
Email :
REDACTED FOR PRIVACY
IP : 190.115.26.57
ISP : AS59692 IQWeb FZ-LLC
Country : RU
Name :
TUCOWS, INC.
IANA ID :
69
Registrar Website :
http://tucowsdomains.com
Phone :
+1.4165350123
Email :
domainabuse@tucows.com
Target : ns2.ddos-guard.net
IP : 185.129.103.200
ISP : AS57724 DDOS-GUARD LTD
Country : RU
Target : ns1.ddos-guard.net
IP : 185.129.101.200
ISP : AS57724 DDOS-GUARD LTD
Country : RU
This website was last scanned on August 23, 2024
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