ForexSky.Biz Review – Ponzi Scheme Exposed!

If you’ve been wondering the legitimacy of Forex Sky you’ve come to the right place. Hosted at forexsky.biz, Forex Sky has been able to stay relatively unknown within the cryptocurrency community although recently investor reports such as theft of funds and inappropriate use of personal information has been become the subject of discussion across the web.

To learn the facts behind forexsky.biz we invite you to continue reading our detailed review where we will disclose all of our investigative findings for you below.

What is Forex Sky?

ForexSky.biz is a minimalistic online investment platform actively targeting the forex and cryptocurrency domains. Contrary to other online investment opportunities, Forex Sky is not structured as an investment broker or a trading software but rather as a residual income investment opportunity.

Investors who are looking to invest their hard-earned money are allegedly able to invest with one of Forex Sky’s investment plans where after their plan expires they will receive a predetermined ROI equivalent to their plan. How an investors funds are managed or invested by Forex Sky is still unknown. Disclosed below is the following textual statement disclosed by Forex Sky on their FAQ page.

Where do you invest?

“Our investment portfolio is created taking into account the most promising areas in terms of profitability, while we prefer investments in business projects related to Forex Sky Ltd, because our successful experience proved the correctness of the chosen strategy.”

In other words, Forex Sky does not wish to disclose any verifiable information regarding their platform besides their shady UK-based corporate set up which we will get to momentarily.

ForexSky.Biz Company Intel

Forex Sky is one of those shady investments that is affiliated with a UK based corporation. While it has become common practice for the creators behind unlicensed and unregulated brokerages to form UK based corporations due to their easy-to-bypass unrestrictive requirements, we have seen countless day trading scams pop up reflecting their UK based company as if it makes their investment opportunity more legitimate when it reality it is just an illusion.

ForexSky.biz is owned and operated by Forex Sky Ltd, a UK based corporation with a company number 11352714. Incorporated on May 9th, 2018 this Private Limited Company is recently created by an alleged shady entity known as Steven Parrish. Steve Parrish’s correspondence address is the same as their registered office address of 218 Grange Rd, Birmingham, United Kingdom, B6 6PA.

Exposing the HYIP Scam

Forex Sky is clearly an unsafe investment opportunity when you break it down. Forex Sky Ltd’s lack of regulation significantly hurts the credibility of their brokerage while they try to cover up that lack of credibility loss by creating an easy-to-deceive UK based company. Below is the most recent we found regarding Forex Sky that was submitted to the web on July 23rd, 2018:

“Kofi Atakorah

I opened an account and transferred $20 into my account. The money never reflected in my forex sky account. I have tried contacting them but I’m not getting any response from them. These guys are scammers.”

The facts disclosed above speak for themselves, it is evident that Forex Sky is a deceptive HYIP scam.

Domain Insight

Forexsky.biz was a privately registered domain that was incepted on April 19th, 2018 through the NameCheap, Inc registrar. According to SimiliarWeb, Forex Sky reflects inorganic signs of site growth through the employment of traffic exchange sites. The usage of traffic exchange sites is a common trait we encounter when exposing online day trading scams, so it comes to no surprise that Forex Sky is actively employing these shady SEO measures.

Is forexsky.biz a Scam or Legit?

Given the facts provided above we believe it is abundantly clear that Forex Sky is a scam.

Forex Sky Review – The Ruling

Forex Sky is not a legitimate investment opportunity for those looking for a dependable brokerage. When it comes to day trading the financial markets, you need to only register and deposit with a brokerage that is regulated and complaint with your residing jurisdiction. Forex Sky is not regulated so they simply are not a viable option.

Official Verdict: Forex Sky is a Ponzi Scheme!

Blacklisted Site: forexsky.biz

Have you been fleeced by an online investment company or auto trader? We invite you to share your experiences by leaving a comment below!

Summary
Review Date
Reviewed Item
ForexSky.biz
Author Rating
21star1stargraygraygray


Leave a Reply

Your email address will not be published. Required fields are marked *

*

Join WatchDog!

Learn about trending scams to avoid, top rated brokers to consider and promising trading solutions!

Join 10,125 other subscribers