Website & Company Information
The web domain of the company was privately registered on the 11th of October 2019 and was later updated on 2019–11–2. The company provides no information on its website about who owns or runs the company.
According to the Incorporation certificate provided on the site, the company is based out of the United Kingdom. But after further research, we now conclude that the company isn’t incorporated in the UK, it doesn’t even exist.
The website is filled with those ‘feel good’ statement portraying themselves as the only forex experts in the market. And also, the website not cleanly built. This suggests that the admins are in-experienced.
These are fake testimonials filled with stock images. These characters do not exist.
Profit Finance Option’s Products
The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.
This is a matter of concern because an MLM must provide retail if it is catering to customers from the U.S and Canada. Otherwise, it is operating illegally.
Profit Finance Option’s Compensation Plan
The affiliates of the firm invest funds on the promise of the following advertised returns:
- Beginners Plan — invest $400 to $1000 and get an ROI of 128% over 24 hours
- Professional Plan — invest $1000 to $10,000 and get an ROI of 130% over 24 hours
- Investor Plan — invest $10,000 to $20,000 and get an ROI of 132% over 48 hours
- VIP Shareholders — invest $20,000 or more and get an ROI of 134% over five days
- Best Retirement Plan — invest $10,000 to $50,000 and get an ROI of 135% over two years
The company also pays referral commissions on invested funds down two levels of recruitment (unilevel):
- 4% on level 1 (direct recruits)
- 1% on level 2
Joining Profit Finance Option
Joining Profit Finance Option affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $400.
The company claims of generating external revenue through “cloud mining”. But we couldn’t find any substantial evidence that would allow them to prove this claim. No evidence of the said company engaging in mining is provided. Nor is there evidence of any other external revenue generation, or external revenue of any kind being used to pay advertised returns.
As you can see that the company registered its domain in October 2019, it claims to be operating since 2018, which is an outright lie!
As of now, the only verifiable source of money going into the company is the new investment and the company is using these funds to honour existing withdrawals.
Using new investment to pay affiliates a daily return makes this scheme a Ponzi scheme, and you know what happens when new funds stop coming in!