I will be doing a quick review on Summit Oil Profits to share with you insights of how this program operates and whether it is an advisable opportunity.
I don’t have to tell you, I believe all of you know that gambling is associated with high risks(and big returns) and there is no guarantee that you will win and make money. High Yield Investment Programs are not different from that.
When dealing with high yield investment programs, you really don’t know what’s going to happen next. Most of the time you will feel as if you are left hanging.
Honestly, I am not completely against HYIP, it’s just that the level of risks involved is very high that makes it unfavourable to me.
I have been involved in many make money online programs myself. Thankfully, if not for a program like Wealthy Affiliate(sustainable & low risk), I’d probably would been into some HYIP myself.
Alright, without further ado, let’s dig a little deeper into this program…
Name: Summit Oil Profits
Price: $50 minimum
Verdict: Not Recommended
What is Summit Oil Profits all about?
Summit Oil Profit is a high yield investment program. Basically, you are required to invest a sum of money into their website.
The invested money will then go into the forex market and be given to you in profits in the coming days, weeks, months and years. There is nothing much you could do here as an investor. Almost everything will be handled by their team of hired trading professionals.
What I didn’t really like about this company is that they aren’t open about who owns or currently runs the business. I tend to look at this(transparency) as a major deciding factor in whether or not I should try the program or website.
Who is This For?
Mainly for people who are looking to make some money and doesn’t mind taking risks.
What you should understand is that you will not be getting your entire investments immediately. However, if everything is running smoothly and as per planned, then you should able to see some form of returns over time.
How Much is it?
The minimum amount of money you can invest in this site is $50 and the maximum is $5,000,000.
$5,000,000 is definitely a very big sum of money. I think this investment amount are catered more for clients with big businesses and looking for an opportunity to invest money.
I don’t think you should worry too much about that.
Just invest within your affordable range. If you can’t afford to lose, then don’t invest… simple as that.
Payment options offered:
- Bank Wire
For those of you wondering why is Paypal not part of their list, allow me to explain…
Paypal has completely stopped doing business with this kind of investment programs because of the previous bad records of this businesses.
It’s not really a big issue because the other payment processors just work equally as fine too.
Their Investment Plans
The currently have 3 investment plans in place.
(1) 1% Daily Profit
- 365 days business period
- 361% Total Return
- $50 Minimum deposit
- $1,200,000 Maximum deposit
- Suitable for beginners
(2) 1.2% Daily Profits
- 365 days business period
- 413.2% Total return
- $50,000 Minimum deposit
- $2,000,000 Maximum deposit
(3) 1.5% Daily Profits
- 365 days business period
- 491.5% total return
- $100,000 minimum deposit
- $5,000,000 Maximum deposit
Of course, if you compare all these three plans, choosing the plan with the most profit return is a no brainer. However, you should take note that the minimum amount of deposit is directly associated with the profits. In other words, if you want high profits you are required to deposited higher amounts.
If you are a total beginner or don’t have that much money your obvious choice is to go for option 1. Minimum $50 deposit is not too bad, it seems affordable to most people.
Another Alternative to make money?
Summit Oil Profits has an Affiliate program in place too.
Basically, you have to promote your affiliate link at places like blogs, forums, website and etc. And when someone clicks on your affiliate link, joins and invests a sum of money you will get a 5% commission from the total investment.
This is not a one-off commission, whenever your referral invests you will continue to receive commissions.
The best part is you don’t have to be involved in the investment program yourself in order to participate in the affiliate program. All you need to do is sign up for free and use the referral id.
They have some promotional tools such as banners and text ads that you can use to increase your click-through-rates.
Summary of Pros Vs Cons
- You could possibly make some money without having to put in much effort at all
- The minimum investment of $50 is quite affordable for most people
- They are working with experienced traders, so you can ensure that your money is safe
- Clear explanation about everything
- Opportunity to earn money through their affiliate program
- High Risks involved
- Doesn’t accept Paypal as a payment option
- Did not mention anything about who owns or runs the company
My Final Opinion on Summit Oil Profits
I believe I have given you sufficient information about this program, what you going to do next is totally up to you.
You are the only person who can take responsibility for your own actions. You know what you are exactly getting yourself into, so there shouldn’t be frustration or complaints about it in the later period.
Personally, I think Summit oil profits may not necessarily be a scam. It’s just that I am not a big fan of this business model.
If you are a bit skeptical about this program, try invest in small amounts. Investing at the bare minimum of $50 is actually a good way to start with, see how things goes…
Once you got more confidence about this site, then you can slowly increase your budget. But even then, always keep in mind that you should only invest the amount that you can AFFORD to lose. You shouldn’t be in a situation where you invest your entire earning or start borrowing money to invest.
My #1 Recommendation!
If you are looking for a legitimate way that has low risks and has the ability to provide you with a sustainable income, I suggest you start your own online business.
Starting an online business is not difficult, and doesn’t require as much capital as you might think. If you are interested in learning more, read my #1 Recommended Program Review.
One of the best things about starting an online business is, you can build one based on your very own passion or hobby.
Well, I have come to the end of my review on Summit Oil Profits. If you have any questions to ask or personal thoughts you want to share with regards to this program, please do so by leaving a comment or two in the box below.