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Imoktrade looked like another safe and sure investment. The initial investment was guaranteed. The return ranged from 3.1% per day up to 5.1% per day.
For the record, the higher the return, the higher the risk. Anything paying 3.1% per day is going to be very risky. Any company offering returns this high and guaranteeing the principal has something seriously wrong. They even claimed that returns would be generated on weekends when markets were closed.
All of this plus the way the website was structured pointed to one conclusion. Imoktrade is a HYIP. So far, every HYIP that the FPA has investigated has turned out to be a scam.
FPA member Natzmclean placed some money with them. She got a few small payouts for the first few days, then nothing else. There was no response to her emails, and none when Lt. Gerard tried to help her communicate with Imoktrade.
Originally, the FPA recommended caution dealing with HYIPS. Later, we recommended extreme caution. Now we would just like to recommend not placing any money with any HYIP ever.
Someday, we may go back to only recommending extreme caution. This will happen if someone can show us a HYIP with 2 or more years of consistent payouts and legitimate trading records showing how the money is earned. We don't think this will happen.
In our opinion, Imok has gone amuk. We consider it to be a scam.
Official scam finding against Imoktrade
Natzmclean's original complaint against Imoktrade
Article giving general warnings about HYIPS.
For the record, the higher the return, the higher the risk. Anything paying 3.1% per day is going to be very risky. Any company offering returns this high and guaranteeing the principal has something seriously wrong. They even claimed that returns would be generated on weekends when markets were closed.
All of this plus the way the website was structured pointed to one conclusion. Imoktrade is a HYIP. So far, every HYIP that the FPA has investigated has turned out to be a scam.
FPA member Natzmclean placed some money with them. She got a few small payouts for the first few days, then nothing else. There was no response to her emails, and none when Lt. Gerard tried to help her communicate with Imoktrade.
Originally, the FPA recommended caution dealing with HYIPS. Later, we recommended extreme caution. Now we would just like to recommend not placing any money with any HYIP ever.
Someday, we may go back to only recommending extreme caution. This will happen if someone can show us a HYIP with 2 or more years of consistent payouts and legitimate trading records showing how the money is earned. We don't think this will happen.
In our opinion, Imok has gone amuk. We consider it to be a scam.
Official scam finding against Imoktrade
Natzmclean's original complaint against Imoktrade
Article giving general warnings about HYIPS.
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