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With many facing tough economic times worldwide, people are desperate to invest and make good returns. However, this has created the perfect recipe for scammers to thrive.
With Ida-vip.com being one of the most searched sites on ScamAdviser, I was compelled to look deeper. Ida-vip.com is a website that offers trading options as well as referral programs. However, are they legit or a scam? Let’s dive in, shall we?
According to the information I found on the site, they claim that they have three levels of distribution which will help “ increase the popularity” of the platform. In the first of the three levels, you use your invitation code to invite a friend and get 15% of the friend’s “daily automatic quantitative trading income”
In the second level, if the previous user joined the platform using your code, you are entitled to 10% of the “daily automatic quantitative trading income.” This continues to the next level, where the first user is entitled to get 5% of the income of the latest customer. At the end of this level, users will earn 30% of the income of the new users.
This has the hallmarks of a pyramid scheme where users get paid using the money generated from new users and are given commissions for recruiting more people into the scheme. They claim to generate income through automated quantitative trading which sounds dubious as no one can guarantee the kind of profits being promised by ida-vip..
When I checked for customer reviews, there were a lot of mixed reactions. There are a lot of positive reviews, though most of these don’t have explanations.
I was stunned to see a lot of negative reviews, with many complaining about being unable to make withdrawals. Some of the customers are complaining that it's hard to withdraw funds as the company comes up with excuses like taxes or hidden fees. This is a common trick used by investment scammers, who simply make it impossible for users to withdraw their funds even after achieving their targets.
When I checked through the site, I could not find any mention of where the website is based or any contact details, such as an email address or phone number. They have a customer support number that redirects to a WhatsApp contact.
Without listing their location or phone number directly on their website, it becomes hard to verify if they are registered and regulated by relevant authorities.
In general, there is a very high likelihood that Ida-vip.com is a scam. There are a lot of red flags that suggest it may be a pyramid scheme such as users being paid according to the number of people they bring.
The reviews are mixed as some investors have complained that they could not withdraw their funds as they were bombarded with taxes and extra costs. This is common with scammers who use this as a means of getting more money from customers with no plans of repayment. They have not listed their location or phone number, which makes it harder to know if they are a real organization or not.
Caution should be exercised when trading or investing at Ida-vip.com as it seems to be a fraudulent investment scheme.
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This article has been written by a scam fighter volunteer. If you believe the article above contains inaccuracies or is missing relevant information, please contact ScamAdviser.com using this form.
