High Yield Investment Programs or HYIPs (read more) typically promise investors exceedingly high returns on their investments. Nevertheless, when things seem too good to be true, they usually are. An excellent case in point is ForexMacro, a reputed HYIP Ponzi scheme that has recently taken down both their U.S. and E.U. websites.
The Websites’ Inaccessibility and Message to Users
The U.S. website for Forex Macro has been down since sometime in March of 2010, according to some investors. Although the E.U. website was still up at that time, it too has now also gone down. Before going down however, the E.U. website had an under construction message dated February 27th, 2010 which was still accessible as of March 25th, 2010.
The message posted on the E.U. website was in Spanish and basically addressed the users and members of Forex Macro to inform them that they were temporarily closing their website in order to perform maintenance and managerial restructuring. The message also stated that it was public knowledge that the company had suffered from a breach of payments and a lack of liquidity.
The posted text also reminded customers of Forex Macro that, by signing a contract, all users of ForexMacro had been informed that investments in the forex market had to be considered as risk capital. It added that in no case could Forex Macro insure the capital invested for clients, nor any interest or commissions that were due them.
The message was signed by ForexMacro’s Administration with a postscript underneath directed to all those who trusted in the company which stated that they were very sorry about this situation and that the page was under construction, and that they would notify their clients via e-mail when they return to operation.
The New Forex Macro Website
While both the U.S. and E.U. sites for Forex Macro now have an error or “server not found” message when you try to access their websites, another apparent ForexMacro site has popped up in Spanish. This site, called “forexmacro-inversiones” contains some interesting information about its high yield investment scheme.
The new site claims that the company is headquartered in the Republic of Panama. Also, for some highly-questionable reason, it uses the credentials of their alleged broker, IFX Markets on their Information and Contact page, instead of their own.
The new site offers three investment plans that allegedly pay investors anywhere from 8% to 30% monthly returns on investments from $50.00 to $200,000. The minimum investment terms are from three to six months.
In addition to these unrealistic returns, the site also offers a referral plan which gives investors the opportunity to receive a percentage of investments made by other people that they refer to the program. You do not even have to invest yourself in order to cash in on investments made by people you have referred.
Despite the fact that this new site is up and running, many people who invested in the other two ForexMacro HYIPs have now been left in the lurch, with their e-mails left unanswered and their money apparently lost. The likelihood of any of these investors getting any of their invested money back is extremely slim.
Most likely, ForexMacro is simply another failed HYIP/Ponzi scheme that has taken the deposits of the unwitting investors who sunk their hard-earned money into their too-good-to-be-true “investment plans”. Overall, ForexMacro presents a classic example of why investors should avoid putting their funds into such high-yield investment plans.
- China’s New Central Bank Digital Currency Dishes Out More Pain to The Dollar
- Russell 200 Index – US Jobs Report Could Signal a Good Week for Equity Markets
- Deliveroo’s IPO Flopped But is Now the Time to Buy?
- Archegos – Could the Markets be About to Crash?
- Will Wednesday’s Speeches Correct This Forex Disconnect?
- Is This the Time to Buy the Dips?
China’s New Central Bank Digital Currency Dishes Out More Pain to The Dollar
Russell 200 Index – US Jobs Report Could Signal a Good Week for Equity Markets
Safest Forest Brokers 2020
|Broker||Info||Best In||Customer Satisfaction Score|
|#1||Your capital is at risk Founded: 2011||Global CFD & FX Broker||
BEST FOREX BROKER Visit broker
|#2||CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Founded: 2010||Global Forex Broker||
Low minimum deposit Visit broker
|#3||Your capital is at risk Founded: 2014||Global Forex & CFD Broker||
Best Trading Conditions Visit broker
|#4||Your capital is at risk Founded: 2014||Global Forex Broker||
BEST SPREADS Visit broker
|#5||80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008||Global CFD Broker||
Best Trading App Visit broker
Stay up to date with the latest Forex scam alerts
Sign up to receive our up-to-date broker reviews, new fraud warnings and special offers direct to your inbox