Are you in search of Progressive-Hour review to ascertain whether is a Progressive-Hour .Club legitimate company or a scam, and whether you should trust its website? If so, you have come to the right place. Let's analyze the Progressive Hour Club website and determine its authenticity.
Safety Index:
Safety Index for Progressive-Hour .Club: 20/100 (Illegal Ponzi Scheme)
Progressive-Hour .Club Website Highlights:
- Domain Name: Progressive-Hour .Club
- Website Name: Progressive Hour
- Email: admin@progressive-hour .club
- Address: Progressive Hour Ltd LTD, UK Registered Company #14884529, 16 Glenn Avenue, Purley, England, CR8 2AG
- Additional Address: 121 King St, Melbourne VIC 3000, Australia
- Website Claims: High rate of return and 3 levels affiliate program
- Schemes: 100.5% after 5 hours, 105% after 10 hours, 125% after 15 hours, 150% after 20 hours
Progressive Hour Review – Pros and Cons To Identify Either Is Progressive-Hour .Club Scam or Genuine:
Pros:
- Hypertext Transfer Protocol Secure (HTTPS) protocol can be found on its website.
- Its email domain is related to its domain name.
- It has provided the company address. (Before you fall for this address, we recommend you to follow the "Cons" below about company address and registration from the UK)
- The website features social media icons that direct users to its business-related social media pages.
Cons (Drawbacks and Complaints):
- It is a Ponzi Scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out some few people who promote and support some Ponzi schemes.
- We can say it is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay unrealistic rate of return on the investment amount of members such as, 150% after 20 hours, but fails to provide the proof of its income source.
- Progressive-Hour and similar Ponzi schemes employ a deceptive strategy of showcasing genuine payment proofs to entice individuals. They initially distribute funds among a select few members, creating the illusion of successful payouts, with the aim of attracting more participants based on these misleading payment proofs. However, it is important to note that in a Ponzi scheme, it is virtually impossible to sustain payments to all members. The majority of participants will inevitably experience financial losses as the scheme's unsustainable nature becomes evident.
- These kinds of Ponzi Schemes will try to trick people by showing the company’s registration document registered from the United Kingdom or Hong Kong. But, don’t fall on that trick. Such kind of registration is not the license to run an investment company like this one, but just a registration for the tax purpose. In the past, lots of businesses with such company registration had been already turned into scam.
- Its business strategy match with multiple scam sites such as Aqualimits, Tronay, KlaxxonCapital, etc.
- It also operates another illegal scheme known as a Pyramid scheme because any company which pays the referral commission up to a multi-level downline without selling any real products or services is known as a Pyramid scheme. It is claiming to pay referral commission up to 3 levels downline but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes it a Pyramid scheme as well.
Our Final Verdict:
Based on the aforementioned facts, now it is clear that Progressive-Hour Club is an illegal scheme. So, it is a fraudulent business.
If you want to report something about it or add your own Progressive-Hour .Club reviews, then please feel free to leave your comment below.
You can find the lots of suspicious sites listed within our “Suspicious” category, you can find about various kinds of scams by scrolling within our “Scams” category, you can find a short review as above by scrolling within our “Brief Reviews” category, or you can navigate our website through our home page to find out the several interesting and knowledgeable articles under different categories by clicking >HERE<.
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FAQs:
Is Progressive-Hour Club a safe platform to invest in?
No, Progressive-Hour Club is not a safe platform to invest in. It is classified as a Ponzi scheme scam. Investing in such schemes carries a high risk of losing your money, and authorities have warned the public to stay away from Ponzi schemes due to their unsustainable nature.
What is a Ponzi Scheme?
A Ponzi scheme is like a fancy trick where someone promises you big profits for investing your money. They say you'll get rich quick! But here's the catch: they don't actually make money through any real business. Instead, they use the money from new people joining the scheme to pay off the earlier investors. So, it keeps going as long as new people keep joining. But when no one new comes in, everything falls apart, and most people end up losing their money. If you want to find out in detail what is Ponzi Scheme and how is it operated, then you can click this link: https://de-reviews.com/ponzi-scheme/
What is a Pyramid Scheme?
Imagine a pyramid-shaped building, where the people at the top recruit more people below them, and those people recruit even more people below them. Each person has to pay money to the person who recruited them. The ones at the top make lots of money because they get a share from everyone below. But the problem is that there's no real product or service being sold. It's all about recruiting more people and getting their money. Eventually, the pyramid gets too big, and there aren't enough new recruits to sustain it. Then, the whole thing collapses, and most people end up losing their money.
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