Read our Profit League review to see if this broker is a scam or legit. Just to clear doubts, this is a profitLeague.net review.
Thanks to the internet, you don’t have to go through your first investment endeavor alone and can instead rely on online investment programs that let you invest from the comfort of home. One example is that of HYIPs, which give users the chance to make considerable gains from a small investment.
But it’s important to do your research on the investment program you choose. Otherwise, you could end up falling for a scam like Profit League. In this Profit League review, we’ll discuss some of the main reasons users have titled this HYIP as a scam.
Vulnerable to Cybersecurity Breach
As cyber criminals become more sophisticated in their approach to steal information from unsuspecting internet users, there’s a highly likelihood of them using phishing scams and other techniques to lure information.
That’s why most websites try to prevent this from happening by using an encryption protocol on the platform. This helps in ensuring that no one else can read the information traveling from a user’s computer except for the server it’s intended for.
In the case of Profit League, the platform uses no such protocol, which means that bad actors will be able to intercept and read users’ information as it travels from their computer to the platform’s software.
When they have access to your private information, you face a higher risk of becoming victim to identity theft, which is when a cybercriminal opens a bank account or any other subscription in your name. It can end up showing on your credit report, which can negatively affect your score if you fail to address it.
Naturally, when you’re investing your hard-earned money somewhere, you want to ensure that you’re making a return on it as well. When you successfully do so, you’ll want to access your funds because that’s how the investment cycle works.
You invest, make a return, and invest a part of those returns as well. Unfortunately, users on Profit League didn’t get as much a satisfactory experience. Rather, they had to go through many struggles before some of them could access their funds and withdraw them.
Meanwhile, the remaining either faced further delays, or could never do so because the website became inactive and they stopped responding. Because of this situation, some users are simply stuck trying to obtain their lost funds. This can be highly stressful for any investor because they’re scrambling to get back their hard-earned money. Hence, it’s best to simply avoid using such an HYIP in the first place.
Unresponsive Customer Service
Back when people would stick to brick and mortar locations for investment, banking, or even retail shopping, there was always someone to talk to about your complaints. In an age of online shopping, customers are unsure of whether there’s someone they can talk to about their concerns.
Many online investment platforms are attempting to meet customers’ needs by providing different channels of contact. However, it’s of no use if the program itself has no intention of listening to customers.
When Profit League customers couldn’t access their funds and faced delayed withdrawals, they attempted to contact the platform’s management and administration to complain. However, there was no way to reach them. Similarly, when customers wanted to give feedback on the platform to improve the user experience, the management was unresponsive.
Overall, there are a number of reasons why Profit League is considered a scam among most investors. One of the biggest red flags is that it doesn’t employ SSL encryption protocol to protect users’ data and prevent it from being stolen and used in the event of a cybersecurity breach.
This increases the risk of users’ data being used for illicit activities like credit card fraud or identity theft. Then, there’s also the issue of delayed payments and withdrawals, which leaves users stranded with no way of accessing their funds. And when customers try to contact the platform’s management in an attempt to get their money back, they’re completely unresponsive.