Encorp Review: Is it A Scam Investment Destination?
Hello everyone and welcome to Wisdomganga’s Encorp Review. Online scams are becoming pretty common these days and they’ve become so common that each and every person is aware of their existence. Despite this fact, many people are getting scammed as scammers use various technologies to dupe people.
We assess different suspicious websites that have red flags and help people in recognising such shady businesses.
Today we are going to review the website encorp. This particular website calls itself an Investment Firm. Is Encorp a scam or a legitimate website?
Encorp and its Functions
This website states in its ‘About Us Section’. “ENCORP LTD – new technology shares hedging of futures contracts and start-up investments on the basis of intelligent monitoring of global indices, as well as «predatory trading» technologies.”
According to the Encorp website, they are going to give you returns for a long period of time as they have invested in various shares and goods. The text on the website does look and sound convincing to a layman but there are still a lot of doubts.
Specification of Encorp
| Website Url | https://encorp.cc/?a=home |
| Company Address | NA |
| Company Phone No. | NA |
| Email Address | NA |
| Social Media | Not available on social media |
| Reviews | Negative Reviews |
| SSL Certificate | Valid |
| Domain Age | Very Young (at the time of writing) |
What’s wrong with Encorp?
1. Unrealistic Plan of Income
According to their website, Encorp is a long-term investment organisation with conservative long-term intentions. As stated, their purpose is to give dividends to all clients for a lengthy period of time.
According to them they buy and sell reliable shares. This looks like a good deal but there is no information given about which shares they are investing in.
The first thing that attracts people to this website is its Investment plans. This website is offering 10 to an unrealistic 22,000 % return on investments that too within 24 hours to 1 week. This fact indicates the involvement of a Ponzi Scheme.
What is a Ponzi Scheme?
A Ponzi scheme is a type of investment fraud in which existing investors are paid using monies collected from new participants. Organizers of Ponzi schemes frequently offer enormous rewards with little or no risk.
Instead, they take money from new investors to pay off previous investors, and they may steal some of the money as well. Ponzi schemes require a steady flow of new money to survive because they have little or no actual earnings.
2. Referral Commission
Encorp’s website also attracts people through referral commissions. Referral commission is a preferred way of earning provided by various legal companies.
They have products to sell and whenever a product is sold, the one who had referred it gets some amount of commission.
In the case of Encorp, they don’t have any product through which they are earning. Their Modus Operandi indicates that this is an MLM Scheme.
3. Owner Information Unavailable
All legal websites are proud of their journey to date. They have their owner’s picture and a note written by them somewhere on them. This is a common practice among legal businesses.
It is fishy when a company or website has hidden all the information about their owner. There is also no information about any parent company. This brings the Encorp website closer to being a scam.
4. No Information Regarding their Investments.
Encorp classifies itself as an Investment Company. When we look at the website it seems they must be investing in refineries and the petroleum oil industry.
But there are no actual details given on Encorp where your money will be invested by them or who will invest the money.
5. Content is Copied by Encorp
The content of Encorp is not at all authentic. With a respectable website, this isn’t the case. Scammers recycle existing material and construct duplicate websites rather than creating fresh information.
6. Data Safety is a Big Issue
Genuine websites are totally secure to use since we know they have firewalls in place to protect our data, as described in the About Us section.
This website, on the other hand, does not supply this information. We recommend that you do not use any website that cannot keep your data secure.
7. Very Young Domain Name
Encorp on its home page makes it clear that it was started in 2004. We went on to check its domain age and the result was completely different.
Encorp and its domain are just nine months old. (till the day this article was written). That is a proper sign that Encorp might be a scam.
8 No Social Media Presence
This is the era where Social Media has become an important aspect for all businesses. Hence, there is doubt when a business website is not visible on social media. Also, this is a common factor among scam e-businesses.
Pros and Cons of Encorp
| Pros | Cons |
| SSL certificate is valid. | The website’s owner is hiding his identity on WHOIS using a paid service |
| This website is not optimized for search engines | |
| This website seems not used at this moment | |
| | This website is not trusted |
| Anonymous payment methods were identified on this site | |
| Characteristics of an HYIP site detected |
FAQs
| Is the website fake? | Everything present on this website is fake. |
| Is it safe? | No security measures are used on this website. So it is not a safe online store. |
| Is this website a scam? | From our research and experience, we are sure that this is a scam. |
| Is the Encorp website legit? | It has zero authority or legitimacy. |
Other similar sites
Lunainvest, Trustassetltd.com, Binopxtrades.com, Carfoxes, Bileforextrade.com, Capitalincome.ltd, Dailyprofit.ltd, Bit-nova, Realbigprofits.live, Ibpmoney
Endnote
Encorp is not a safe destination to trust with your hard-earned money. If you believe you might get duped, read this article.: What to do next when you get scammed?
Our team at Wisdomganga is constantly working to recognise all the possible scams and is focused to make everyone aware of them. If you find this article useful, you can now simply order a cup of coffee for our team as a token of appreciation.
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