Smartovo.biz Reviews: Is smartovo.biz unreliable? Because we are concerned about the financial safety of our readers, we did extensive research and made a review on Smartovo.
Please read our review before you decide if you should throw your time, expectation, and money into this platform.
Table of Contents
What Is smartovo.biz?
Smartovo is a high-yield investment program (HYIP). Here is what’s written on their profile: “Smartovo was created with a big idea: to revolutionise the outdated banking system and secure a better deal for everyone. We’ve helped businesses expand, investors prosper and the economy grow.”
Smartovo is located on smartovo.biz. Their contact information is:
Email: [email protected]
How Does smartovo.biz Work?
Smartovo claims to run a platform designed to return unbelievable profit in so short a time. They accept the following payment methods: Bitcoin, Perfect Money, Dogecoin, Litecoin, Payeer, and Ethereum.
Smartovo has investment plans promising up to 24000% profit after 4 days. In addition to their investment plans they offer 7% referral commission.
The supposed assurance and profitability of investing with Smartovo would be attractive to any investor. But should you trust smartovo.biz?
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What We Found about smartovo.biz!
According to Smartovo, they are “a peer-to-peer lending marketplace that allows investors to lend money directly to small and medium-sized businesses.” However, we failed to reconcile how what they described themselves to be relates to those impossible profits they promise investors.
Smartovo claims to be a legally regulated and registered company but this is not a reliable information. We are aware that getting a verified company registration credential is not a guarantee of authenticity. Anyone can, for as low as $50, get a certificate of legal registration from Company House.
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Their website, smartovo.biz, after passing through a series of tests, shows it is very recent.
We are aware that smartovo.biz, like every other high-yield investment program (HYIP), is not sustainable. They operate like pyramid schemes where early investors are required to cajole people into signing up, too, and, in this way, they get paid. But, as always, the downlines begin to thin and the pyramid can’t sustain itself anymore, hence crashes. The early investors may benefit, the creators of the platform would definitely benefit, but there are those who would receive the short end of the stick.
The reasons why you should be weary of investing your money with Smartovo are:
- Their certifications and testimonials are unverified and therefore could be false, a way to win the trust of unsuspecting investors.
- We found no information on the company or the people behind Smartovo. This is a red flag, as there is no one to hold accountable should things go south.
- Smartovo promises to provide long term investment plans but we discovered that their domain is a short life expectancy domain and could go offline at any moment.
Verdict!
smartovo.biz, despite seeming reliable, should be approached with caution. As there is always a risk factor in any investment, and also a possibility of loss.
Never forget to invest with money you can afford to lose. Business models like this are never sustainable and could crash at any time.
There are many untrustworthy investment websites on the internet promising get rich quick options. Most people attracted by these “too good to be true” ROIs from these sites have invested their money expecting profit but lost everything in the end. You do not have to become one of them to learn from their experience.
It is unfair to fall victim to fraud and lose the money you earned from honest work. Fact-checking should be a priority before you throw in money into any online investment scheme.