OKinstant.com Review: A Popular Pyramid Scheme
OKinstant is a cryptocurrency another trading pyramid scheme that has grown popular in the market. The investment company claims to offer clients a passive income within a few hours.
It is only Ponzi schemes that promise users ridiculous returns. OKinstant claims that clients can withdraw profit like cash storm.
The platform partakes the cryptocurrency trade of Bitcoin, Ethereum, and Litecoin mining. The investment company promises users they can withdraw as many times as they wish during the day.
The platform switched from Forex trading to crypto since it has more returns. The platform claims that they make triple returns than they used in Forex, and they urge all investors to join them in their venture.
The data they have put across seems not to change The amount deposited and withdrawn remains constant.
It can only mean one thing that the information is incorrect and made up. All is required of you by this pyramid scheme is to register, choose a plan, and deposit your funds.
The platform offers attractive returns, but their platform is full of loopholes. The data they have provided is lacking. If you are an ardent investor, you will realize the platform is not legit.
The company targets naïve investors who still believe cryptocurrency is a get rich quick scheme. Avoid indulging with them at all costs. There are credible mining and trading services in the market that you can trust with your money.
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OKinstant.com Review
The platform has numerous red flags and characteristics of a Ponzi scheme. The founder of this platform is operating under the shadows.
The owner remains unknown to the public. You should not trust your money with people who don’t avail any details to the investors.
OKinstant only states that they undertake trading and mining of cryptos. However, there have not showcased their performance report.
Investment is all about the number, and we can’t access the data; it can only mean one thing that the platform does not undertake any venture.
How does this platform mitigate the associated risks surrounding the crypto? It is also mysterious what their equity growth is. The mining data they have provided is too basic.
We don’t know the hardware in use or the platform’s farm location, or the incurred expenses in running the operation. We can guarantee that this platform is a pyramid scheme that wants to rip where they haven’t sowed.
Embracing cryptocurrency is growing popular, and there is a massive revolution as many people try to join. Unfortunately, nothing comes easy, and you need to have relevant skills and patience to venture into this market.
There is no shortcut in getting rich. Once you understand this, none of the scammers will be able to con you. Be on the lookout and stay vigilant when investing online.
Regulation and Customer Support
There is a huge difference between a company being registered and being regulated. OKinstant is a platform that is operating illegally. They are not licensed by any government to carry out their activities.
The company displays that their company is registered under no 12223267, 1699 W1J, 169 Piccadilly, England, London. The company targets newbies, and all the information they have put up is to try and create transparency.
Pyramid schemes will do anything possible to get investors to deposit with them. It is every company’s strive to offer their clients a top-notch customer support system.
However, OKinstant only form of communication is via email. The company does not have a phone number that you can contact them with. The email address of their support is admin@okinstant.com.
They can take ages before they reach back to you or handle your complaints. The Ponzi scheme wants to remain anonymous no matter the circumstances.
No government can trace OKinstant.com; they are not regulated, and there are no contact details linked to the platform. The only way you stay safe if by avoiding this investment company.
OKinstant.com Investment Plan and Returns
The plan offers a 27% hourly profits to investors. You can also deposit funds as minimum as $10. OKinstant.com claims that investors can withdraw funds instantly at their preferred time.
The platform has three investment plans. The standard program offers clients a return of 1.08% to 1.30% hourly returns for 96 hours. The maximum amount you can deposit is $4,000.
The returns are too high and unrealistic to be attained. The platform's most popular plan is the golden plan. It promises users a gain of 2.55% up to 3.75%, which runs for 40 hours: the minimum and maximum amount of funds you can deposit ranges from $400 up to $40,000.
The third and final plan is the ultimate plan that promises clients a return of 18% up to 27% within 20 hours. The least amount of funds you can deposit in this platform is $3,000, and the maximum amount is $400,000.
The ridiculous thing is there is no other platform in the market that is offering anything close to what OKinstant is promising. You should ask yourself why this is the case.
Using logic, it very hard to become a billionaire within such a short span. If any platform discovered any method that generates such returns, they would not share it with the public.
They will spend their time opening portfolios and making the best out of it. The platform target those with less knowledge of how the digital currency market works.
Affiliate Program
The platform encourages investors to refer others in the company to increase their chances of making an even higher income. All Ponzi scheme depends on the referral program to generate traffic.
OKinstant provides its investors with promotional materials to aid their process of inviting other people. Hence, existing clients’ can use their social media platforms to invite their friends, create content like video or adverts to reach more audiences.
The company referral program offers clients a 1% up to 15% commission. The more people you get to deposit, the more significant the bonus. Keep in mind that this process majorly benefits the initial investors.
There is a conflict of interest that is created between the Ponzi scheme and the marketers. The promoters make money at the expense of investors.
This is the reason why you will encounter positive reviews regarding this pyramid scheme. Do not lose focus; remember that they only want to lure you into depositing money.
OKinstant Fake Testimonials
Great customer experience in any business is highly appreciated, especially by those that want to know how a platform works. Nevertheless, this has changed as pyramid schemes are manipulating testimonials.
They use bogus information to create transparency to scam investors. The company has a fake review, which you can tell they are not linked to any social profile.
The platform uses stock images; nothing in this platform is legit. You can tell by how those who have reviewed the site claims to have gained instantly that the testimonials are phony.
The Domain Name
The investment company is registered under the OKinstant.com domain. The registration took place in September 2019 and will expire in September 2020.
The platform has an Alexa Global Rank of about 94 thousand. The majority of the traffic comes from the US.
Final Verdict
There is no investment activity taking place on this platform. OKinstant is not a regulated platform, and indeed it founders also are operating anonymously.
Therefore, it is a massive risk if you invest in this company. We recommend you invest with well-known crypto investment firms. They will offer a decent amount of return without compromising the safety of your funds.