This Crypto Phoenix review will provide you with an explanation of this fraudulent investment scheme.
Crypto Phoenix is supposed to be an investment company that operates in cryptocurrency mining and trading, it also trades stocks and commodities on traditional markets. It claims that it gives a percentage of its profits to charities.
The offer consists of three investment plans with daily returns going from 4% all the way up to 9%.
Can you make money in this program?
Crypto Phoenix scam
Unfortunately, you cannot make any money with Crypto Phoenix, because it is a scam. In this review we explain why.
It really is as simple as that, when you see impossible investment plans, you need you are dealing with a fraudulent offer, which is what Crypto Phoenix precisely is, a scam.
How it works
Scams like Crypto Phoenix all work in the same way. They promise you the moon, while all they do is running a Ponzi scheme.
It means they take money from people and use some of it to pay out first withdrawals. They will hope that more people will be coming in so that they show can run for some time, but it will always end up by collapsing, because there is no other way, since no real values are created.
But as we have already mentioned in this Crypto Phoenix review, all you really have to do is to look at the investment plans to see that it is a scam that you have to avoid.
But Crypto Phoenix is not regulated at all, it is an illegal and scam investment service.
Crypto Phoenix review conclusion
Crypto Phoenix is a dirty scam and an illegal investment service. Stay away from it!
For crypto trading use regulated brokers and start on a free demo to learn how to do things. Virtual money will allow you to learn without risking your own capital.
Only when you understand the risks and have a solid strategy ready you can start investing for real.