It’s been a few weeks since snowealth began growing in popularity as “the best investment option” mainly promoted by our favorite South African YouTubers like Rolio Jack, to name a few. If you have ever been involved in the crypto space you will instantly see the similarities of a crypto Ponzi scheme from the snowealth website. After reading this Snowealth Review article you will have all the answers about the investment company.
I started looking for ways to make money online in 2019 and ever since I have been scammed countless times, mostly in Ponzi Scheme investments or what we call in South Africa Amabhanoyi scams. My goal now is to help you avoid the pain that I went through during my early days of trying to make money online.
What Is Snowealth LTD Company About
The website has a verge explanation of what snowealth is about, but to my understanding, Snowalth is a financial technology (Fintech) platform designed to help people invest their money wisely (Not A Trading Broker). The goal of Snowball is to make investing easy and accessible for everyone. Here is what you get:
- Automated Investing
- Personalized Portfolios
- Low Fees
Surprisingly Snowealth LTD is a UK-registered company with a registration number 15843387. By only looking at that you might think this is a trusted company that you can invest your money with but until you investigate the Man behind the Company aka MORRELL, John
How To Make Money With Snowealth
With snowealth, you make money by investing in packages called Snowballs offered by the platform. These packages are named according to the stock market for example you can invest in NASDAQ Showball and choose your investment interval or days ragging from 3 days all the way to 2 years of investment.
Snowealth Signup
- Go to The Snowealth website
- Provide your details
- Then start investing
Snowealth Withdrawals
According to the website once your investment interval has been reached you can withdraw your profits straight to your crypto wallet. To this day I have not seen anyone coming upfront with proof of payment from the platform. But there are claims to be proof of withdrawals from the website.
Is Snowealth Legit Or a Scam
Yes, Snowealth is an investment scam. Most of us believe that if a company is registered it can never be flagged as a scam but that is not true. To understand this we need to go back to my first point at the beginning of this article “THE MAN BEHIND THE COMPANY SNOWEALTH”.
MORRELL John is the man under the company Snowealth like many of his companies
- SXLMFL GROUP LIMITED
- MXFX GLOBAL LTD
- KUDO TRADE LTD
Just to name a few. But our focus will be on MXFX GLOBAL LTD an unregulated CFD trading broker that only lasted for 10 Months before disappearing with people’s money. Then 7 months with no shame he opens another unregulated CFD broker under a new name to scam more people.
Snowealth Review
Conclusion
What I know about Ponzi schemes is that they will pay those who get in early and take money from those who join later as they disappear. My real consent is that YouTubers like Rolio Jack are being paid to promote these investment scams, without even disclosing that they are being paid.
If you want to earn money online without getting scammed through investment this article is about the best website to make money online.
