Wazobia Investment company is an investment platform in Nigeria which helps the members in Nigeria earn money by investing. It includes a team of professionals in trading and investments, specializing in cryptocurrency, binary options, currencies, gold, silver and oil trading and importation.
With a claim of more than 13 years of experience in investing and trading, wazobia investment claims to be a great source of passive income and active income living off of live trading.
Let’s look at how Wazobia Investment works.
What is Wazobia Investment?
Created in 2017 by a team of professionals in investing and trading, Wazobia has more than 13 years of experience in several aspects such as personal skills, knowledge, talent and Communautaire ambitions for success.
They prefer not to disclose the names of their working professionals, which sometimes make the people question their legitimacy, but their website and their email indicates towards instant answers and redressal if needed.
The main goal of Wazobia is to bring people together while helping each other by pooling funds in order to get a higher capital investment as they promise a high profit of almost 50%. The company also claims to provide investment decisions and products without risk for their investors, which might seem like a scam as people involved in trading and investments have experience facing painful losses at time.
Working of Wazobia Investment
As Wazobia is a peer-to-peer funding market and a purely investment platform, here are the four activities that goes in the working of Wazobia investment.
You can register by making your account on the Wazobia Investment Company platform. In order to register successfully you need to provide your personal details such as email address, phone number, name and sometimes bank details.
Once you have made your account on the portal, it is now time to deposit some money into your account for investment or trading purpose. The minimum amount you need to invest to begin is 10,000 NGN or 0.004 BTC.
For withdrawal process, you will have to wait for your investment to ripe before you begin with this process. It can take up to 3 days for your first investment to mature. Once your investment matures, you will be placed on a queue to be merged to receive your profits from another investor.
- Referral Program
Coming to referral, the investor is paid a percentage if they refer more people to the website and even more points, if they join the program later. You can earn up to 10% of the initial investment made by any person you refer to the platform using your referral link. After the initial earning on referrals, you are paid 5% on subsequent investments, but there are no limits to the number of people you can refer to the Wazobia Investment platform.
Other Activities on Wazobia Investment Platform
- Become a Guide
Apart from being an investor, you can convince upto 10 people to join the platform. Beginning from 10% payment on initial investment, you can earn up to 5% on every subsequent investment. Isn’t it tempting?
- Record a Video Testimonial
As a user on the Wazobia platform, you will be asked to record a video testimonial and upload it on your Facebook and Instagram account. Inserting the Wazobia website link to the video is important once it is ready to get uploaded. The essence of recording the video is to basically promote the Wazobia Investment platform.
- Upgradation of Account
Once your investment surpasses a period of 5 weeks or 5 withdrawals, you should start increasing your investment. In other words, you need to deposit more sums than your usual deposit once you have made up to 5 withdrawals.
How to Earn from Wazobia Cash Investment
As mentioned earlier, you can earn up to 50% profits on your investments made in the platform. You first investment gets this 50% after 3 days of maturity. Any other sort of investment after that might take up to 7 days before receiving the profit. You are also allowed to withdraw this amount along with the invested capital at once.
Now here is the tricky part,
You are not allowed to withdraw your mature or ripe investment until you reinvest.
If you invest N1000, your ripe investment would amount up to N1500, i.e., 1000+500 profit. Now this amount is due to withdraw in 3 days once it ripens. But, sadly, you cannot withdraw this amount of N1500 until you reinvest another sum into the platform.
In order to withdraw N1500, you cannot reinvest any amount less than your initial investment of N1000. Therefore, you are only allowed to withdraw N1500, if you invest an additional N1000 or more.
Once you reach a limit of 5 withdrawals, you have made a total withdrawal of N7,500, as you deposited N6,000. So, your profit percentage becomes 25% after 5 withdrawals and not 50% as the platform claims.
Do not forget to upgrade your account before you start investing again!
Can Wazobia Investment Crash?
Any system can fail and several systems have failed already. The recent lockdown due to Covid-19 pandemic has hit many organizations and financial institutions, making several fail-proof systems actually fail when people no longer patronize them.
The Wazobia Investment platform claims to provide a sturdy and steady system through the recommitments policy mentioned on their website. So, if everyone decides to reinvest before they begin withdrawing, then the re-investment will not stop, making the platform last longer.
But, don’t take our word for it. You need to listen to your gut; we are only providing a detailed analysis of the Wazobia Cash Investment Platform.
Investing your money into a company which is not completely transparent about their team of professional, founders and providing a guaranteed referral bonus, all seems a little fishy. We do not strongly recommend the legitimacy of this platform as there are several other secure ways to invest your money on legitimate and full-proof platforms.
But, follow your gut. We advise you to invest wisely or to not invest at all, as you are at a risk of losing a part or all of your investment on this platform.
Feel free to ask any other questions on the comment section below!