MoniFinex supposedly is one of the biggest cryptocurrency investment companies in London. It offers several investment plans: Silver, Gold and Platinum with daily returns on investment between 1.5% and 2%.
This means that you allegedly can make 60% per month with this company. Should you believe it?
Moni Finex scam
If you believe that any company can make you 60% per month in a legitimate way, you are in big trouble. Because it really is not possible.
Cryptocurrencies can be very volatile, but making steady daily returns is impossible. 60% is totally ridiculous and a proof that Moni Finex is a scam. You don’t even need to look for testimonials and reviews from other users, you just need basic economic knowledge.
The fake CEO of Moni Finex, Mr. Moni Micha, claims that he has been working for the company eight years. But as you can see on our picture, the company exists for only about half a year. The entire video is a very poorly staged piece with paid actors.
The most important thing though is that Moni Finex is providing investment services, which in the UK requires a licence from the Financial Conduct Authority (FCA).
But Monifinex of course is not regulated by the FCA, it has no authorization whatsoever, so it is an illegal investment service.
How it really works
Moni Finex is a scam, that is for sure. The only question is how they operate. They start by collecting deposits from the general public.
Then they might use some of this money to pay out some first profits to make it look like a working system. Behind the scenes there is no real business, no real economic or trading activity, just an illegal money game.
Once the scammers have enough, they will shut down the system and run away with all the money left in the system. This is how these schemes always end, they can last for a few days, weeks or even months, but they don’t make it through the first year.
Beware, Moni Finex is a total scam, an illegal financial game that you have to stay away from!
Real cryptocurrency trading is a thing that you can try risk free on a demo account with a regulated broker.
If you decide to trade with real money, be careful and understand all the risks.