What is Fxprog.com? Is Fxprog Scam or Legit?
If you want to explore about the Fxprog.com, then this is the right page to end your exploration. Ponzi schemes on the net are not new but using this scheme in e-currency investment is the new trend. Ponzi scheme basically pays its already registered members through the new investment done by new registered members. So some questions will arise in the mind, Is Fxprog Real? Or Is Fxprog Fake? Or Is Fxprog Legit? Or Is Fxprog Scam? These are the general questions many readers asked from us. To save your time and give the answer directly then we do not recommend this site because this site has claimed that it is the Limited Company but it has turned into a HYIP company.
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How FxProg works? Why we do not recommend it?
One of the genuine things any registered company does is that they provide the owner information. We have searched the site and also tried to get any information of the owner but they have registered in private which means that they intentionally hide their information. The company claims that they have professional experts who invest user money wisely to give them huge profit. But they did not mention even the name of any experts. They have provided the registration certificate. They have registered their company in UK Registrations with company name- FX PROG LTD and Company number: 11026065. Many scam sites has also provided same registration certificate with different name and registration number. To get the registration from UK Registrations you have to pay just 20GBP and become an owner of xyz limited company. The credibility of company is not good in terms of transparency. Transparency is the base of trust and reliability. This company lags in all front of credibility.
They have very attractive and appealing investment plan for everyone. The scheme is that they will give 10% daily interest for 15 calendar days with minimum investment of $10. They also provide 12.5% of interest daily for 10 calendar days with minimum investment of $500. At the end they have one more investment plan of 22% of interest daily for 5 calendar days with minimum investment of $1000. They have single maximum deposit for all different schemes i.e. $50000. Maximum deposit is same for every investment is the most absurd scheme provided by this company. The investment plan of Fxprog is very unsustainable for their business.
Investment market is the volatile market and no one can guarantee such huge amount of interest. The question arises why they are claiming? Because they want to trap the user, in a dream of getting high return in a very short period of time. The greed is the human behavior and the scam sites took the advantage of this behavior.
They are also having a 3 tier affiliate program. On first level, they will give 7% of commission. For second and third level they are offering the 2% and 1% of commission. Affiliate programs help company to get traffic on their site. The referral program of Fxprog makes their business model more unsustainable.
We do not recommend FoxPro due to various reasons stated above. To be safe from such sites avoid them bluntly. Understood the basic thing that there is nothing worthy comes easy. Do not fall prey of any scam sites.
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If you have any more questions or doubt regarding Fxprog then you are welcomed put your query in the comment box. We will be happy to help you.