inREM International (inrem.net) is an online investment opportunity which claims to generate returns of up to 13% daily.
This platform has been active for around 80 days as of writing this article.
At first glance their website seems very confusing and full of complications but rest assured what we are looking at is a over blown ponzi scheme.
While we took a closer look at their activities which were not only illegal but also unethical, we were convinced that every information on their platform is either flat out lies or highly misleading.
Continue reading our full review to find out all the shady tactics carried out by this firm.
InRem LTD and Contact Details
There is a lot of confusion regarding what this firm is all about.
First, they tell us that they are one of the largest metal mining and processing company which somehow got into trading Crypto currencies.
Their telltale story does not stop there. They state that along with 100 other extracting company associates they possess some kind of insider information which helps them predict the market.
More on that later but one thing which becomes clear after reading their About Us page is that they do not have a clue about trading.
inRem offers investment advice and packages which require them to be regulated by certain authorities depending upon their geographical location. They basically raise money from general public for trading and investing purposes and in return promises them predetermined monetary benefits.
inRem features some type of registration document on their website but that does not mean they are operating lawfully. While we were trying to find certificates confirming licenses they must lawfully hold, there weren’t any. We have confirmed through FCA InRem LTD has never been licensed which means they are operating illegally.
The only contact information provided on their website is an email address.
Isn’t it strange a company claiming to be the largest participant in the mining and extraction industry could not afford to place a dedicated customer support to assist the clients?
How inRem Generates Signals and Handle Investments?
InRem signal generation process is just mind blowing. They state that they have affinity with other extraction companies and possess some confidential insider information about the price movements which they can exploit and make money.
If you have any experience with the financial markets they you can easily figure that this explanation does not make any sense whatsoever.
First of all, there is little to no correlation between company’s output and the stock price because price movement of stocks has a lot of variable factors other than plain demand and supply analysis.
Secondly, if anyone is found guilty of possessing insider information they have to face criminal prosecution.
We are not told how the funds are allocated and how a trading opportunity is recognized. There is no verifiable track record proving that they are profitable.
They don’t seem concerned about providing the investors with the basic frame work of how this firm operates. Any rational investor will never indulge with this firm after seeing the lack of transparency around their firm.
Most of the legitimate investment platforms feature a demo account so that the users can test out various trading strategies and familiarize themselves with the platform without risking any money.
inRem does NOT offer a demo account. In fact there is no way to test out this platform without putting your hard earned money at risk.
What Returns can you expect with InRem?
InRem advertises returns of 13% daily.
Though this number seems much believable when compared to what other scams propagate, it is still impossible to sustain them over longer time period.
High return claims are an effective trick used by scams to lure in inexperienced investors and trick them into believing that they can become rich very quickly.
There is no shortcut to riches.
Ask yourself, if this platform really generates the type of returns as advertised with little to no risk associated do you really think they would give it to the public for free?
Domain Insight
inRem boasts of a huge existing user base.
According to Alexa.com This site has majority of the traffic coming from Singapore, Tunisia and Vietnam. This website has a ranking of 17,308 in Singapore.
Deposit and Withdrawals
The minimum plan on this platform starts at $10 and goes up to $10,000.
For higher returns, the investors have to select costlier plans.
The deposit and withdrawal methods supported by this platform are Bitcoin, BitcoinCash, Litecoin, Ethereum, PerfectMoney, Payeer and AdvCash.
The time taken for processing withdrawals is not stated anywhere on their website.
InRem Affiliate Network
InRem offers a three level referral system.
The affiliates promoting this fraudulent platform are paid certain percentage of deposits made by their referrals.
This whole idea comes down to making as much money as possible from registrations before they get shut down and run away at your expense.
Is inRem a Scam?
No doubts about it.
No legitimate platform can pay 13% return on investment daily.
If you do the math, these returns add up to a significant 390% monthly, which is highly unlikely.
Even the testimonials put up on their website is fake. They are not real users but just actors reading out a script.
inREM.net Review Conclusion
inREM International is nothing but a ponzi scheme which is gaining a lot of popularity.
Always remember to say no to offers which are too good to be true.
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