Money games refer the online that you can earn cash while you are playing like casino or app that promote about any games unlike the trading, trading is the platform that you are invest there without moving your money just to trade your money to them and they are the one increase or sometimes decrease if you are not invest every time need to pop up your trading account.
Know the Difference Between Money Games and Real Investment Platforms
What are your knowledge on gambling? Recent news stories have focused on names like JJPTR, MBI, and others for defrauding investors of millions of Ringgit. These money game businesses pose as investing platforms, promising to invest your money for significant profits before taking off with it.
To be aware, casino is not a scam because most of the players lose there money not because of the games but the probability of winning pattern that will broadcast every game. We have a gaming app that asian love it mostly at Malaysia, Thailand, Vietnam and Japan. Sign-up here and you can see a lot of games that you can start earning and you can used a free bonus if you are qualified to bet every game.
It’s a Legitimate Investment Platform if:
Although not particularly high, their claimed rates of return are a little higher than fixed deposits or perhaps even some unit trusts. When explaining investment returns, they would use language that included caveats about how unpredictable the market is and how there’s a non-zero risk that results won’t meet expectations.
…But NOT When:
The return rates they advertise are significantly higher than any unit trust or fixed deposit you are aware of. They might even promise you a specific sum of money after a set amount of time, saying their system outperforms that of all other investors. Recall that “con man” is an abbreviation for “confidence man”. You won’t be overconfident, dude, if you have a realistic view of the market.
One more thing…
Investments aren’t magic and it takes a while for you to earn dividends so if it looks too good to be true, it absolutely is. Read more details about travel if you want to go mostly at Malaysia places. Be safe!
…But NOT When:
Your funds are held directly by operators and the process of getting your funds out is tricky, complicated, or difficult.
Schemes and scams like this operate on the schemers knowing that people are often willing to go to great financial lengths to grow their cash. It becomes especially attractive when we assume there’s a secret trick to getting easy, fast cash. Unfortunately, that’s never how it works in the real world. It’s up to us to keep informed and be more knowledgeable about our finances so we don’t fall into this trap ourselves.
One More Thing…
You may have close friends or acquaintances who have already sunk in their cash into money games and are benefiting from it handsomely. They might be 0.001% who are lucky enough to get out before their downlines catch up to them. But don’t let their apparent success lure you into thinking money games are ethical, legal, or reliably lucrative because it’s none of those things. Even if by pure chance they do well right now, the authorities are never far behind as they’ve already clamped down on several of these unscrupulous companies recently.
Investments aren’t magic and it takes a while for you to earn dividends so if it looks too good to be true, it absolutely is. If you’re looking for ways to grow your money without things getting weird on you, we recommend starting out with a fixed deposit and go from there. Be safe!