Oil Finances.com is a combination of two illegal schemes and those are Ponzi and Pyramid schemes. If you don't know what is Ponzi and Pyramid schemes, then you can find the details by clicking the following respective links:-
Ponzi scheme:- newsonlineincome.com/ponzi-scheme/
Pyramid scheme:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
If you want to find out the details why we are saying Oil-Finances.com is not a legal company or if you are searching for the Oil Finances reviews in order to find out either is Oil Finances scam or legit, then you can find the details within our Oil Finances review as below. However, before we begin with our Oil Finances.com review in detail, if you want to take a look at our list of legit online works and businesses, then you can find the list of our recommended good and trusted online works and businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Among all those online works and businesses, Wealthy Affiliate is our No.1 recommended online work company and if you want to know why, then you can find our detailed review on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let's begin with our OilFinances review in order to find out what is OilFinances in real.
Oil Finances login and join in link:- Oil-Finances.com (Not Recommended to join)
Oil Finances claims to make a profit from crude oil trading, stocks and forex investment service, but there is not any proof of that. Oil-Finances.com fails to provide the real location or details of those projects. The only verifiable source of income of the company is the amount invested by the affiliates which makes it a Ponzi scheme, means an illegal scheme.
Let's think generally. If some companies can make enough profit in real to pay back 200% profit within a day to their investors, then why they need to collect the investment from several people and pay them 200% profit and that is also within a day instead of taking a loan from a bank in much more lower rate, around 1% monthly interest rate. Don't you think anyone will like to pay 1% interest rate monthly than paying 200% profit daily? Even if they can't take a loan in the name of the company, then also they can at least take a personal loan from any local bank or use their credit card balances. So, the business model of these kinds of companies doesn't make any sense.
On top of that, Oil Finances pays the referral commission upto multi level downlines on the sales of those investment plans which makes them Pyramid scheme which is another illegal scheme. Any MLM (Multi Level Marketing) companies which pay referral commission upto multi level downlines without selling any real products or services falls into an illegal Pyramid scheme.
Like other similar kinds of Ponzi schemes, Oil Finances has also registered in UK Companies House and claiming that is a license to run an investment company. Well, that is not true. That registration is only for a tax purpose which anyone can register even without providing a real address, but just by renting the address from virtual address services. Even the registration fee is only 20 GBP. More than that, there were tons of Ponzi schemes with such UK Companies House registration similar to Oil Finances which have already turned into scams. So, it proves that having such document can't stop anyone to turn into scam. So, we don't recommend anyone to invest in Oil Finances and have listed it within our Bad and Scams category.
Please feel free to share this Oil-Finances.com review with your friends and families to save them from this OilFinances scam:-
Your comments are valuable for us. So, please feel free to leave your comment below if you have to say anything about Oil Finances or want our help in relation to online work industry.
We will be more than happy to hear from you and help you.