- High Risk Investment
- Ponzi Scheme
- Pyramid Scheme
Petron Pay was registered in 2019 and has been operational since, in this Petron Pay review, we bring you detailed information about the activities of Petron pay and help you decide if it is a scam or not.
What is Petron Pay?
Information gathered from our Petron Pay review shows that Petron pay is a business that speculates on the price of a barrel of petrol.
However, Petron pay does not physically buy barrerls of oil, they rather trade in it’s underlying financing instruments.
This is synonymous with other fake investment sites that we have reviewed that focuses on Forex trading, bitcoin trading or other presumably high profitable industries with high risk.
Petron Pay Investment Plans
Petron Pay doesn’t directly called it’s plans investment plans. In our review of Petron Pay, we noticed that investors buy barrels of petrol from the website, and receive profits from it.
That is not all, Petron Pay has barrels up to $4,999.00 which gives you 2.5% returns daily plus an additional 1000 binary points.
What is the Petron Pay binary point? Well, it is a pyramid scheme structure, that is designed to bring in more and more investors, the more people you draw under you, the more you earn.
This is basically how it is structured under their very own website.
In our Petron Pay review, we found you can not simply register with them unless you are referred by a sponsor, and this sponsor earns a percentage of whatever you invest.
This offers a lot of incentives for early user’s to get in and recruit aggressively to the platform.
However, an aggressive referral system, and an extreme high return rate, all points to signs of a Ponzi scheme.
Who are the Founders of Petron Pay
Well, you might think that a company that makes over 2.5% a day in profits (of course you must make more than that before you can pay that much interest daily) would let us know who it’s founders are.
Unfortunately, in our Petron pay review, we found that, meticulous steps had been taken to hide the founders of the website.
Not that this is surprising, many fake online investment platforms simply put up fake names and images to give the impression of a real business.
Petron Pay decided, you are not worth knowing who it’s business leaders are, and neither should you know if the company is actually registered or not, or even licensed to operate such a business.
In the event of a loss
In our reviews, we make it known to you that investing online is an extremely risky business.
Many people are taking advantage of the supposed anonymity of the internet and putting up systems like this to woe you.
In our Petron Pay review, we found that it would be practically impossible to get your funds back should the website disappears one day.
This is because every efforts have been made to secure their anonymity.
Invest with them at your own risk.