 Hey guys, it's MJ the student act tree and we've got quite a fun video for you today I've been going through the financial service board, which is the regulator here in South Africa And they've got this like billet and board where they they give you some news and they tell you what's what's happening But what they also do is they tell you to stay away from certain investments So here we have FSB warns against public Warns the public against the Dodder Forex Pty limited Okay, and what they do is they have their their little documentary where they say that they fake their Their numbers, they're not actually authorized in term of our act and all these type of things that they highly advise people to stay away from us But I couldn't help but clicking on and checking out this website So this is their website and first thing that you should be freaking out by is that it's a WordPress site That's one of the free WordPress sites I think that's yeah, if you're going to be investing your money with a company and they can't even afford or they don't want to pay for a Proper website, but they're using a WordPress that is so that's flag number one. Okay. Now what they have here is They've got their little statement Investments take Reduces the risk. I mean the English is brilliant as we are insured against any losses So that's flag number two is whenever something says there's no risk That's that's warning number two that there is a lot of risk if you look at all other financial Websites, they all say investing in us There is quite a big risk and you might lose your money as soon as someone says there's no risk Then you need to get get quite worried and it's very much, you know, oh invest now and they've got our successful formula We expand we provide blah blah blah all this type of stuff But what I did is I went and I copied just this text Okay, the text that we see here into this app called Grammarly. Yeah, so we where is my Grammarly? Yeah, here is Grammarly. So Grammarly, it's a it's kind of like word But it you know checks a few other things the worst thing that it does is check it all the Unoriginal text so they're very first statement that they're making here Reliability and assured profits or the main criteria when it comes to investing your finances, okay They have copied and pasted that from some other website called Bit Amplitude. Okay, then Holy, let's get back to Grammarly. This chunk over here is again an original text that they've just copied They've got something else here also an original text from Hippiecore and then the one right at the end where they even talk about their successful formula That itself is copied from another website called Lepid Finance So I think this is another flag. Look, we can excuse the poor English Maybe, you know, it's someone who English isn't their first language. So, you know, these are the things we don't mind too much You know with ten critical issues, you know, quite a low score But the fact that they're copying and pasting From other websites that is another flag. Okay, so now we have quite a few flags already Then what I wanted to do was I wanted to see these testimonies and these things are These things are actually quite scary. Basically this guy invests 5,000 rand and off the five working days He received 7,500 rand and I think this other lady here she received a hundred percent interest Okay, you can't get a hundred percent interest Of the five days unless you're gambling. Okay There's there's no investment out there that will guarantee you this hundred percent because so they've got all these testimonies All these people like, oh, wow, look at all these great people And they probably like just took pictures off of Facebook of random people and wrote some random random little stories But what I was quite interested in is how it works What are they saying minus 50% profit is because they say I don't know That's supposed to be like a bullet point where they say, you know 50% profit After every five days 100% profit of 10 working days I think they meant that to be a bullet point, but unfortunately they put it as a minus sign Which you know, maybe you could say, okay It's not a scam because they're actually telling you that you're gonna lose 50% of your money after five working days You're gonna lose all of it off the 10 working days And you're actually gonna lose even more money than you put in off the 15 working days So maybe they could you know tell the regulator? Hey, listen guys We did tell them that they were gonna lose their money But then they have this little table and I love the little colors like you can't even read read that 15 days in the little yellow There we invest 1,000 we'll start you invest as that 50,000 round then after five days you get 75,000 round and check up to 20 days you're getting 150 I mean these returns are are extreme Let's check out the frequently asked questions. I love this It's like just invest now you click invest you submit all your details and we will just give you the money straight away You know, how long does it take immediately? You know, we pay profits back straight away all that stuff stuff a lot of investment companies will have Like maybe a three-day period where it takes for the money to be transferred to different bank accounts They might have lock-in periods there might be a week You know, there's all these other things that you need to need to consider So that's another Another good flag is the fact that they're just gonna be paying you out Immediately. Also, what's quite funny is I took this image here Because I don't know maybe they portraying that this is their investor Sitting by his old 90s computers But I took that into to Google and you do a little Google image search for it And oh look at that look at all these other websites that are using the exact same picture So either this guy is just like such a brilliant trader And he's just set up millions of different trading rooms in various countries as you can tell by the different Languages that we're seeing here, or it's just a simply a copy paste. So That I mean if they're lying about their pictures There's something seriously seriously strange going on here So, yeah, just just really really be careful for that and then yeah I think one of the things is yeah, you click invest now and They want you to put in your date of birth your cell number all your banking details and then You know to contact them to make a make make a deposit and check they show pictures of a Bentley and All this type of stuff So I don't know I think I think your page only has these five pages that we've gone through Look, I hope no one is silly enough to believe I mean whenever you hear 50 whenever you hear double digit returns in under a week Okay, whenever you hear that Run away run away, okay? I know Bitcoin investments can go from like you can buy Bitcoin one day and tomorrow It can you know double in value, but the following day it can also have in value So you need to be careful of of trading in very risky things because their volatility works on both sides But remember these people are saying that there are no risk They take reduced risk as we are insured against any losses and their transactions are very fast Okay, it says choosing it is a wise choice. I don't think it's a wise choice Now what's interesting is I don't think the FSB is allowed to call them a scam That would be defamation So they're not allowed to actually say that instead what they can only say and what I'm also only gonna say is that you can advise people to Be cautious when looking at this website It's interesting. They have taken away. I'm trying to find out where they put their their number the FSB number I mean even these like little pictures that they've got at the bottom here are quite quite quite cute I mean they didn't even verify their phone number on Whatever platform this thing is over here So and I mean the other seriously looks like it's from the 90s. I mean what what a joke But anyway, I don't know. I just thought this was quite fun To go through it is sad that you know seeing pictures like this that they are marketing it at to you know the poor people and Telling them to invest money and it does seem very very dodgy. I mean this yeah These type of investments. I actually hope the FSB comes down hard on them Does a proper interrogation and gives them funds for misleading the public? Well, they've got another date on the 4th of March in Pretoria Come with your camp chairs invite your friends. Oh, yeah, that's another thing. There's this whole thing with Referrals and nothing nothing sounds more like a pyramid scheme than when they say come with your referrals and you know You get 5% of Everybody's else's money that that brings in here. So, yeah, I mean, oh I don't know what more to say about this this website because please be cautious I know none of you would be doing this But please tell your friends that you know because a lot of time is actually a lot of people will come to us and say Hey, check out this website. What do you think of it? And the rule is that if they promising zero risks with over 50% returns Then that is a massive massive warning flag. But who knows maybe maybe this is the best best website ever Maybe maybe we can get a hundred and fifty percent off the 15 working days Who knows like I said finance anything can happen. These guys might have a golden formula That just makes money out of thin air. They might actually have that So Yeah, anything can happen with finance, but it's definitely not going to be a risk or investment that I'm going to be taking Thanks guys so much for watching and if you have any questions, please feel free to use the comment section below. Cheers