Read this review of Afriq JM Arbitrage to see why this investment platform is a scam that you have to avoid.
What is Afriq JM Arbitrage System
The platform allegedly uses high-frequency trading and algorithms for automated trading that generate at least 1.65% daily returns. This number is supposed to grow as the community grows.
There is also a referral program that can earn you 5% commission on direct referrals.
The investment platform is run by a company called Afriq Arbitrage System LLC, incorporated in Colorado. But is it legit, should you invest your money? No, it’s not legitimate, and we explain why in this review.
Afriq JM Arbitrage System scam
Our investigation clearly showed that Afriq JM Arbitrage is a scam that has nothing to do with real arbitrage crypto trading. It runs an illegal pyramid that is destined to crumble.
Unauthorized and illegal
Let’s start our explanation in this review with Afriq Arbitrage System’s background. On its official website, the company claims to be registered in Colorado. Which it is, since June 2022, so with no proven track record.
You also have to understand that it is very easy to register a company in Colorado via an agent, nobody verifies the legitimacy of what you are really doing.
What is important is that Afriq JM Arbitrage clearly is an investment service. As such, it is subject to regulation in the United States, it needs to be authorized.
Since Afriq Arbitrage System LLC is based in the United States, it means that its Afriq JM Arbitrage System platform is an illegal operation punishable by law in the US.
By the way, it is not authorized anywhere in the world, it can’t be offering its service legally in any country.
Also, why does it provide an address in New Jersey and a pekap.com e-mail address? It seems it was copied from some other website.
Normally you should not even have to read this Afriq JM Arbitrage review, because you should have known that the investment platform is a scam since the beginning.
Why? Because 1.65% daily returns are something impossible for a legit investment company to achieve. 1.65% daily in crypto trading means 49.5% monthly, which is a yield that only scams offer.
Don’t get fooled by the high-frequency and arbitrage trading terms. Nothing in the world can generate a steady 1.65% daily.
We have reviewed many fake arbitrage crypto scams in the past and we always have to explain that arbitrage trading is not scalable. It is always limited by liquidity, order books are not indefinitely deep, so you can’t offer the same returns to everybody who signs up.
They all failed as we predicted. By the way, some of them were also registered in Colorado. Which goes to show that a simple company registration for tax purposes means nothing.
How the Afriq JM Arbitrage scam works
Afriq Arbitrage System brings nothing new to the table. It runs a simple Ponzi scheme. It just transfers money from new depositors to older members. That is all.
Now you see that it has to crash one day, there is no other possibility, because it needs exponentially growing deposits, which is something impossible.
Afriq JM Arbitrage System review – Conclusion
Afriq JM Arbitrage System is a very ordinary scam that is only pretending to be trading cryptocurrencies. In reality it is running a Ponzi scam scheme that is going to collapse.
It also is an illegal investment service run by an empty company with a worthless tax registration.