Oilinv is an online investment program available to the open public. It allegedly will allow you to invest in oil and energy stocks, which is supposed to bring you stable returns.
There are five investments plans, each of them runs for 200 days and the daily returns vary from 0.5% to 1.25% daily. But hey are fake.
If we look at net returns, the Oilinv investment plans promise between 72% and 178% after 200 days, which is about half a year. This might not seem too much to you, but it is. It’s just numbers that are unsustainable in the real world.
If you look at oil and energy stocks, they are nowhere near these returns. In fact, Oilinv is a scam that is not investing in anything, unfortunately.
First of all, investing in stocks is all but predictable in terms of return. So, if anybody promises you steady daily returns from stock investing, they are scammers, there is no other way.
Add to this the ridiculously high numbers promised by Oilinv and you can be sure that it is a scam.
When you see an investment offer, you should always make a research about who is behind. Any company offering investments in stocks has to be regulated, it is certainly the case for companies in Sweden, where Oilinv is allegedly located.
But Oilinv is not regulated, it has no license from any national financial regulator, therefore it is an illegal scheme.
It is obvious that it works as a Ponzi scheme, which means that it just plays with money it collects on deposits in the hope that people will keep coming in and depositing, so that withdrawals can be paid out.
These schemes always collapse in the end, it is just a matter of time. Oilinv is no different, it will collapse, you just don’t know when. In any case don’t put any money into it.
Oilinv is an obvious scam, there is no real stock investing going on, stay away from it!
If you want to try financial trading and stock investing, start on a free demo with a regulated broker so that you can try it with virtual money.
You have to understand how trading works and what are the risks before investing real money.