A scheme called FinTech Limited that operates from a number of domains including fin-tech.ltd and fintech-ltd.me claims that those who sign up with their program can make $2,500 a day.
Is Fintech Limited legitimate?
We have categorised FinTech Limited as a Binary Options get-rich-quick scam. This mean the site attempts to lure those who sign up into Binary Options trading under the illusion they’ll have the secrets to get rich. Most who sign up will lose the money they will be required to deposit into their accounts.
What is a Binary Options get-rich-quick scam?
This refers to a scheme that deceives a victim by deliberately luring them into believing they can make significant money by trading with Binary Options trading software. The scheme will dress up Binary Options as a “secret” or “underground” method of getting rich.
Binary Options trading is where an investor attempts to predict whether a specific stock will rise or fall in value over a short period of time. If the investor predicts correctly they get a return on their investment, but if they predict incorrectly then they lose their investment.
It’s an alternative and less popular version of traditional trading, and it is poorly regulated. Additionally, most finance experts agree that Binary Options is similar to gambling. As such, there is no way to “beat” Binary Options or to “game” the system. There is no secret software or methods that can be used to guarantee wealth using Binary Options trading. Binary Options get-rich-quick scams have many similarities to schemes that falsely claim to help you beat online casino games.
These get-rich-quick scams use a variety of deceptive and misleading sales tactics to trick victims into signing up for Binary Options brokers by asserting that they can get rich by doing so. The Get-Rich-Quick scammers are paid a commission for referring victims to a Binary Options broker.
Those who sign up are required to pay an initial deposit into their broker account, and most will ultimately lose that money.
With Fintech Ltd, when we signed up we were referred to a broker called BinaryTilt. However it is possible the scheme uses many different brokers.
You can read more about Binary Options get-rich-quick scams in our article here.
Misleading sales tactics…
Fintech Ltd uses a number of misleading sales tactics as is common with these types of scams. These include –
– Creating the illusion the site has secrets to get rich using Binary Options trading using “secret” analysis software.
– Fake Facebook ads claiming Bill Gates invested $2 billion into the scheme.
– The use of actors in the sales videos.
– Fake testimonials using stock photos to illustrate previous customers.
– The fake assertion that customers only have 7 minutes to sign up or will have their “application” rejected.
– Fake results for previous customers.
It’s a Binary Options get-rich-quick scam. Those who sign up will lose money. These scams are everywhere and our readers are advised to avoid any scheme that claims you can get rich using what turns out to be Binary Options trading.