This review is going to be about a website called Chinacorp-bank.com. What is China Bank Corporation? Is it a scam? Or a legitimate opportunity for you to invest your money in and make money online? Are those lucrative investment plans really true? These are some of the questions that we will be focusing on in this short review.
Alright without further ado, let’s get things rolling…
Name: China Bank Corporation (or Bank of China Limited)
Price: Free to join, but min. deposit $10
What is Bank of China Limited all about?
Bank of China Limited claims to be a bank from China. However, after doing some research I found out that this site has nothing to do with the original bank itself. It seems like this is a duplicate site that has been launched to deceive people into investing with them.
They even went on to use the same images from the original website itself to make everything look legit. Bank of China Limited has only been registered on the 24th of October 2016 and will expire exactly one year later. Doesn’t it seem strange you that a bank that claims to have a long history only have the website recently registered?
So if Bank of China is not a real bank, what exactly is it?
Well, it is known as a High Yield Investment Program, HYIP. HYIPs basically are those that claim to give you big investment returns in a very short space of time.
More About the Website itself…
Since we are dealing with investing, which means putting a sum of money into the website to make money, it is important that you first do a quick background check on the company itself. You shouldn’t blindly just put money into some random company that you are hearing for the first time.
This is my first time coming across Chinacorp-bank.com too. I only came to know about them through social media. I noticed that lots of people have been promoting this website which is mainly the reason why I decided to check it out.
I tend to look for several things when doing background research. And the very first one would probably be information about the owner or founder of the company. In this case, I couldn’t find a single piece of information on who runs the website.
This is a hint telling us that there is something fishy about this company.
The company is taking in big investment amounts but not able to tell who are we giving our money into seems strange. How do we know that our money is safe and secure? I also couldn’t find anywhere that mentions where the company is located. There is no physical address included on their website.
As I dug deeper it seemed like this website is nothing but dishonest right from the start.
Why do I say so? Have a look at this!
As you can see from the above image, most of the traffic is coming from outside China with 45.94% from Belgium. Doesn’t it seem strange to you to a company from China is getting people from other countries but itself?
From the looks of things this website is probably run somewhere in Belgium itself or could be outsourced. Definitely, I’m very sure it’s not by someone in China.
My Experiences With HYIPs
This website is a good example of a high yield investment program. They claim to give you high return rates for your investments.
Just take a look at their investment plans. 10% daily for 12 days, 1300% after 1 day, 400% after 5 days. Doesn’t it seem ridiculous to you?
Coming back to my experiences…
I have a good amount of experience with HYIPs in the past. I did invest in several companies(Amazing 5, Atlant Investments and etc.) but almost all of them closed down without giving a notice. I managed to make some money but was still at a loss because my initial investments were still stuck inside.
Like I said earlier, I couldn’t do anything about it because I have no idea where they are. Even if I knew their location, I probably am not going to take a plane and go hunt them down.
This is why I emphasize that you don’t blindly invest money into a company because if they run away with your money in hand, you can’t track them at all. Once it’s gone… it’s GONE!
So think twice before you want to invest in such opportunities.
If you would really like to give it a try, then small amounts will do. Since their minimum deposit is $10, you can try to make use of it. If you made money good for you. If you didn’t…it’s OK. We all learn from our mistakes.
One thing you should NEVER do is when you made some money with a small deposit, you should not try to go for a bigger deposit the next time round thinking you will make higher profits. This is a typical mindset of an amateur investor. You should understand that the outcome every time won’t turn out the same.
Sites like this are smart enough to pay out small amounts to buy your trust and when you decided to go BIG, you might never get back your money again…
Is Bank of China Limited a Scam?
Yes, Bank of China Limited is definitely a scam and I recommend that all of you stay far away from this. Their site is very misleading and provides you with fake details. They claim to be a bank from China but it is actually a duplicate site.
You can simply do a quick search on “bank of China” and you will see the original site coming up. It’s clear cut that they are not a legit company nor they are from China itself.
Final Verdict: Scam, Not Recommended
Safe & Solid Way To Make Money Online?
For those of you who are keen on making good income online, I highly recommend that you start your own online business. This is a really safe and solid opportunity because you don’t depend on anybody but yourself. You don’t have to worry about investing money into a company you never heard of before and not getting back your investments.
So… what do I mean by online business?
There are many ways of running your very own online business. Selling your own products or running an e-commerce store are a few I can list from the top of my head. But the one that I have personally tried and am talking about is called Affiliate Marketing.
Affiliate Marketing means promoting someone else’s products/services and earn commissions from it. There are countless of benefits for this approach which is the reason why I really love it.
Some of them include…
- You don’t need a huge capital to start
- Can be done from the comfort of your own home
- No need to physically get in contact with anyone. Everything is done through the internet.
- You don’t have to worry about what products to sell or storage space to put your products
It’s really not difficult to get started. All you need is an interest or passion. If you have one, you can build a business around it. I have been doing this for just over a year and have seen more than just great success with it. This opportunity has allowed me to quit my day job and run this entirely from home and the best part…? My income is almost 3 times of what I earned in the corporate world.
Though it is nice to hear… I have to tell you that this didn’t happen overnight. I have put in a great amount of effort to make this work. If you are expecting to make tons of money within a week or month, sorry, this isn’t something for you. You have to put in the effort and give yourself enough time to see success in this.
I know some of you might be thinking right now, how do I get started without any proper understanding or knowledge about Affiliate Marketing & starting an online business. Don’t worry, I have got you covered. I have been using this program called Wealthy Affiliate. It’s an online training platform that teaches you from scratch to building an affiliate marketing business.
If you are interested to find out more, you can check my review on it…
Alright, I have come to the end of my review of Bank of China Limited. I do hope by now you have a better understanding of what it is all about and whether it is something you want to take part in. Those of you who have personally tried are welcomed to share your experiences with us in the discussion section below. Questions are welcomed too.
Thanks for reading…
And I wish you success 🙂