High Yield Investment Programs (HYIP) are very risky but potentially highly rewarding programs that are ideal for people who have high risk appetites. Legitimate HYIPs can be a dependable source of daily income. Let us look into Emagictrading, one of the many companies claiming to be a HYIPs.
Does Emagictrading Pay?
A quick Google search reveals the disappointing reality that Emagictrading, also known as Emagic Trading Limited is a scam g in this company, you should dig deeper to find out just what promises they made to its that started swindling potential investors off in its first week of existence. If you are considering invest in victims, and never give them your money until you are certain the allegations are untrue.
Emagictrading claims to be the number one resource for trading multinational company shares and stocks. On its website, it advertises the following plans:
- Deposit amount $10 to $10,000 to earn 135% after 1 day.
- Deposit amount $10 – $10,000 to earn 170% after 2 days.
- Deposit amount $10 – $10,000 to earn 320% after 4 days.
- Deposit amount $10 – $10,000 to earn 555% after 8 days.
- Deposit amount $10 – $10,000 to earn 777% after 10 days.
- Deposit amount $10 – $10,000 to earn 1500% after 20 days.
- Deposit amount $10 – $10,000 to earn 10,000% after 40 days in the VIP plan.
The Emagictrading Limited homepage promises included deposits and fast withdrawals for all plans.
While there are legit High Yield Investment Programs out there, the astronomical returns that Emagictrading promises are too good to be true and investors should not fall for. Emagictrading is most probably a scam.