Piggybankltd.com Review Is PiggyBank Scam or Should I Invest

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Piggybankltd.com Review: Is PiggyBank Scam or Should I Invest

Piggy Bank Review: Scam or genuine? PiggyBank is offering enticing investment plan. Is Piggybankltd.com legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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PIGGYBANK LTD Scam Review: Disturbing Things Found

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?

It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

How To Know a SCAM HYIP

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

Piggybankltd.com i s not a legitimate investment platform . Don’t be deceived by their promises.

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Piggy Bank Review – Legit Company or Huge Scam? Find Out Here…

Welcome to my Piggy Bank Review!

There’s been a lot of talk circulating about this company, so I decided to investigate to learn as much as I could about the company…

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Even though there are 100,000,000 companies out there, one will always find its way into your investment portfolio!

The best way to know if this is the company for you and your money is to always make sure you do your homework, and that means research!

Research and find all the information you can before you let go of any of your hard earned cash…

This blog will help you do just that by providing you with the essential info you need about the company, the products and the compensation plan.

Let’s take our first look at the company!

Piggy Bank Review – The Company

When you visit the company website, there is no information available on the administrators of the company.

So, I dug around a bit and was able to find that the Piggy Bank website domain was registered privately as “piggy-bank.io” on the 2 nd of June in 2020.

This is a little funny because the company says their “history goes back to the year 2000.”

When we look at the data from Alexa, we can see that traffic estimates show us that company pretty much started up only about 3 weeks ago in January of this year.

On the company website, there is a UK incorporation offered that matches up with “Piggy B. Limited.”

The company was incorporated with a residential address located in London on the 6 th of June in 2020, just about 3 days after the registration of the website domain.

The Director of the company is listed as Bruce Whatley.

Piggy Bank Reviews – The Products

Piggy Bank doesn’t have any products or services for affiliates to sell for retail or purchase.

But anyone wanting to sign up as an affiliate with Piggy Bank can market the company affiliate membership.

The Piggy Bank Compensation Plan

Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company

They must invest using bitcoin with the agreement of the “guaranteed profit” promoted by the company.

  • Invest 0.001 to 4.999 BTC and receive a 3.12% dailyROI
  • Invest 5 to 7.99 BTC and receive a 3.36% daily ROI
  • Invest 8 to 12.99 BTC and receive a 4.32% daily ROI
  • Invest 13 to 100 BTC and receive a 5.28% daily ROI

NOTE: Investments made with the company never expire – states the company. There is a fee of 7% that is charged on withdrawals by the affiliates.

Referral commissions are paid out as a percentage of capital (funds) invested among 2 levels of sponsorship (unilevel):

  • Level 1 (personally sponsored affiliates) – 5%
  • Level 2 – 2%

Referral commissions increase to 7% on level 1 and 3% on level 2 for those affiliates that qualify as “Representative” company affiliates.

The company does not offer any details on how to qualify to become a Representative.

Cost To Join Piggy Bank

The cost to join Piggy Bank as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.

If affiliates would like to fully participate in the company and the Piggy Bank MLM income opportunity, they must invest a minimum of 0.001 BTC.

Verdict of Piggy Bank

Thanks for making it to the end with me, and now that we’ve made it to the end of my review I can say that I do not think this company is 100% legit…

The company states that they make external ROI by mining cryptocurrency:

“Cryptocurrency mining with Piggy Bank Limited give a real possibility to earn money on the basis of minimum deposits.”

But there is no proof of the company actually doing any mining with cryptocurrency or using the external revenue to pay the ROI to their affiliates.

The only real source of money coming into the company is from investments from new affiliates.

The company uses capital invested by new affiliates to payoff pre-existing affiliates the daily ROI owed to them, and this is what makes the company a total scam.

When sponsorship of new affiliates slows down, it will spark a slow in money coming into the company for new investments and ROI payouts.

This will, in turn, bring about a severe lack of funds, which will likely cause the company to collapse and those whom invested will not get their money back.

My advice? Be careful with this company as you are likely to lose your investment…

I hope you enjoyed my Piggy Bank review and if you have any questions, please leave them in the comments below…

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Piggyvest Review: Scam or Legit?

Hello! In this article, I will be discussing in-depth review analysis of what piggyvest is all about. In order words, I will be talking about piggyvest review, how legit are the company and many other things.

First, let’s start by taking a look at the table of content.

What is Piggyvest?

Piggyvest, formerly known as piggyback, is an online financial management website or app where people can carry out different financial activities such as savings, investment, etc. Piggyvest happens to be the first platform to offer people the ability to save their money online just like the normal piggy banks we all know. They started off in 2020 as piggybank.ng, and after 2 years of efficient service, they rebranded from piggybank and now piggyvest.

Although, the rebrand happens to come with a lot of improvement in their mode of service and also an increase in the number of services they offer. That was when other services such as investment, fixed savings, etc were then introduced. Being the first company to provide an online savings platform for people in West Africa, Piggyvest has grown a lot… Not only in Nigeria but also, other parts of Africa.

Having known that, let’s move forward to seeing the various opportunities available for you on Piggyvest.

How Does Piggyvest Work?

Basically, how Piggyvest works is that you after you might have registered, will have the opportunity to save any amount of money above #100 in your Piggyvest account and you will decide whenever you wish to collect your money. Although, you can also decide to keep the money fixed in your Piggyvest account until after a certain number of days. You can also decide to invest your money in other people’s business and receive some certain commissions… In continuation of my piggyvest review, and that has brought us down to the various ways you can make use of on Piggyvest as a registered member.

Piggyvest Membership Benefits

1.Saving opportunity

As you might have known, with this, you get the chance to save money in your piggyvest account and withdraw once it has up to a certain amount within a period of time as you may desire. As you continue saving, you will be paid an interest daily and the percentage of the interest will be determined by the type of savings plan you are on and the length of your savings. This is furthermore divided into three plans i.e there are basically three savings plan available Piggyvest and they go thus:

Piggyvest Saving Plans

  • Flex Savings: With this, you can decide to save any amount of money you want to. You also get the chance to withdraw your money at any time… Even five minutes after you started the savings.
  • Target Savings: With this plan, you can decide to set a certain goal for yourself i.e set a certain amount of money to save within a duration of time. With this savings plan, you can withdraw your money anytime even if it hasn’t accumulated up to the targeted goal. You also need to know that if you are unable to meet your targeted goal within the specified time, you will lose all interests accumulated on this savings plan.
  • Fixed Savings: This savings plan is one in which you decide to keep saving any amount of money continuously or occasionally. You will only be allowed to withdraw the money after a fixed duration of time usually above 10 days. Also, you need to know that this plan attracts the highest percentage of interest. Below are the safe lock savings plan duration and the percentage you earn per annum.
    10 – 30 days: 6% interest per annum
    31 – 60 days: 8% per annum
    61 – 90 days: 10% per annum
    91 days – 2 years: 13% per annum
    Over 2 years: 31% – 43%.

In summary, these the interests you will earn on each fixed savings plan as of today, 20th January 2020. There is likely to be a change at any time. So please, do check very well on the website or app before saving.

2. Investment opportunity

Also, you can decide to invest your money into various successful businesses available in the various aspects of the Nation’s economy such as agriculture, telecommunication, oil, and gas, etc. All these businesses in which you are investing in have been fully verified by Piggyvest through the normal official due. So, you can rest assured of the security of your money. The image below is an example of the shares you can invest in and the amount of interest you will earn back within the agreed interval of time.

3. Referral Program

Aside from being able to save or invest in piggyvest, you can also take advantage of the referral opportunity and get as much as #1,000 for each person who signs up on piggyvest through your referral link. Although, there are terms and conditions that the person you invite must save at least #1,000 on piggyvest savings plan before you can receive your referral bonus. Also, the person you invite will earn #1,000 once they have done this. Want to learn more? Read more on their FAQ page.

Piggyvest vs Cowrywise

Cowrywise is also another savings platform just like piggyvest but I can strongly say that “Piggyvest is better than Cowrywise”. How? Apart from the fact that Piggyvest has various products in which you can make use of other than savings, Piggyvest also makes it possible for people to operate their account in dollars and keep the value of their money. Once the value of dollars to Naira appreciate, then it means you are also making more profits apart from the normal interest you will earn.

How to Sign up for Piggybank

  1. Click here to go to the registration page.
  2. Fill in your name, email address, phone number, and the desired password.
  3. In the field provided for referral phone or promo code, type in 08034052111.
  4. Click on the “CREATE ACCOUNT ” button.
  5. Check your email for a confirmation link from piggyvest and click the link to verify your email address.
  6. Your account has now been created, go back to your dashboard.
  7. Click on “Tell us more about yourself
  8. Fill in your details correctly as required in each field.
  9. Click the “Finish” button.
  10. You can now fund your wallet and start saving and investing.

For a clearer understanding of how this piggyvest works and how you can register an account with them, watch my piggyvest review YouTube video below.

Is Piggyvest Scam or Legit?

Piggyvest is actually 100% legit. And, If you are looking for the best way to save or invest your money wisely with a fascinating interest. Then, piggyvest is the platform you should look out for. Their plans are affordable and their website UI/UX is simple enough for even a newbie to interact with.

Final Conclusions

It’s not how much you make each month that matters — it’s how much you save along with the flexibility and time outside work that you have – “Francis Shenstone”. Start saving today and do not forget to invest as it’s a means of multiplying the money you save. You should start with something! Even with as low as #100 on Piggyvest today and you will not regret it. I hope you’ve been able to know everything you need to know about Piggyvest in this piggyvest review of mine.

Have any questions? Please drop them in the comments section below.

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