Hello, and welcome to the Forex Legend review, in this Forex Legend review, our goal is to determine if Forex Legend is a legit platform to invest with or one of the many investment scams that exist in today’s world.
Is Forex Legend a legit platform? No!, in our ForexLegend.ltd review we determined that Forex Legend is not a legit investment platform, and we would explain why in detail for you to appreciate our reasons for classifying them as a scam.
Let’s dig deeper into the Forex Legend review!
Detailed Forex Legend Review
ForexLegend.ltd Company Registration
Most scam company’s have company registration document to give the unsuspecting investor a delusion of legitimacy.
The idea is that by showing you that they are registered, you might be convinced that they are indeed a legit business.
However, most often, this is not the case! Experience has shown that most often, scammers have several ways of drawing your attention to them and providing you with a company registration is one of such ways.
With regards to company registration via company house, note that company registration via company house can be done online and payment made online without stepping out of your home.
Sophisticated scammers use stolen data to do all these registrations, thus the actual people you might see on company house as the true owners of these companies, might not even be aware of the existence of the website in question.
What’s worse, some scammers actually go to the extent of scanning the company house database to identify a legit operating businesses, then proceed to purchase domain names that are similar to the legit business.
The whole idea is to get you to trust them, once you trust them, they can make you believe anything they write or any promises they make without you giving it a second thought.
Extra care has been taken to ensure that you do not know the actual operators of this platform. They are using privacy services to block the actual ownership of their domain names and many extra steps to ensure you are unable to track them.
Notice that, even when names of the owners of operators are given, in our … review, every search via social media, Facebook, Twitter etc. of the said name returned zero results.
The idea here is to be as anonymous as possible, so that when they make their platform unreachable, you have no way to reach them.
Forex Legend Review | The Investment Plans
The investment plan shown on forexlegend.ltd is fake and bogus, as a matter of fact, the entire goal is to ignite the greed in you , to manipulate you into thinking you have found a life saver, an investment platform that would solve all your financial needs if you invest with it.
The entire truth is that, the promises made in the investment plans above are not achievable, albeit they are given or put up there to make you feel like you are dealing with a legit investment platform.
Even if the intent isn’t to steal from you? The fact that the business model can not support such high rates means that eventually it would collapse.
You should note however, that the operators of these platforms know very well that their investment plans are bogus.
Indeed, they know that they are operating a Ponzi scheme, they might tell you all the projects they are involved in such as Forex, Crypto, etc. but the real truth is that behind the scenes they are just sitting back and watching the money flow in.
Forex Legend Review | Payment Statistics
Payment statistics is one tool in the scammers tool box that is used to deceive you into thinking you have found a legit platform, the real truth is that those statistics you see there do not matter.
The real truth is that, some of the platforms operate in such a way that they will pay off some of the earlier investors. Even with this, they ensure they only pay you back a portion of the money you invested.
The goal is such that you would be convinced of their legitimacy. By that single act, they turn you from a customer into an ambassador, promoting their platform to friends and relatives.
After a while, you issue withdrawal and it wouldn’t not go through, albeit, you will continue to see withdrawals being made via the withdrawal statistics, why?
You see, these scammers know that review websites classify them as paying or scam based on whether the review website itself is being paid.
The review websites do these by investing a small token, the idea is that they get a referral link and promote the project on their websites, thus every member who clicks on it to register brings in some good money via commissions.
Since the scammers know this secret, even when they refuse to pay normal users withdrawals, withdrawals coming from affiliates are honored.
As you might have guessed, such withdrawals cost the scammers nothing at all, it is just money they took from someone to pay another person.
Forex Legend Review | Conclusion
Scams of this nature would continue to exist till the end of the world, the real truth is that as the world moves to decentralized currencies, people are going to use the supposed anonymity to do more harm.
You should be very wary of platforms that promises such high rates of returns, because if the rates are too high to make sense, it is most likely a scam.
When we wrote Forex Legend review, our goal was to at the very least save one person from falling for this scam, if you find our review helpful, leave us a comment to make our heads swell a little for the good work we are doing.
You can actually promote our work by sharing this article to social media to save someone else from investing in this scam, the last but not least, consider donating to us, to help us fight scams of this nature.
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