Horizok has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Fidelcrest Prop Firm. We’ve received over 5 complaints against Horizok.
Horizok, an unregulated organization with no clear leadership structure, runs a dubious multi-level marketing scheme that focuses on recruiting members rather than selling items. Its website, registered anonymously, adds to the mystery surrounding its ownership. Such systems, which lack transparency and regulatory monitoring, generally indicate possible scams that rely on fresh contributions to pay previous affiliates. This model is similar to many Ponzi schemes, in which the major revenue derives from repeatedly registering new investors rather than providing actual services or products.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Horizok Regulated? Do They Have a License?
Horizok hasn’t said anything on its formal website about who owns the company or who runs it. “horizok.com,” the domain name for Horizok, was secretly registered on April 14, 2024. This makes it even harder to figure out who runs the company.
This lack of transparency about who runs a business is a major concern, since possible investors and affiliates need to be able to trust the company.
Horizok doesn’t sell any goods or provide any services to the public. Affiliates’ only choice is to sell Horizok membership, which shows that the company doesn’t have a real product base. A lot of multi-level marketing (MLM) schemes work like this, where the main goal is to get new members instead of selling goods.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Horizok is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Horizok, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Horizok
The referral commission method is set up to help with up to three levels of hiring:
- 16% for Level 1 (Direct Recruits)
- 8% for Level 2
- 4% for Level 3
It’s free to become an affiliate of Horizok, but you need to spend at least 3 USDT to fully take part in the compensation plan.
| Level | Requirement | Investment Range (USDT) | Daily Return (%) |
|---|---|---|---|
| VIP1 | None | 3 – 2,000 | 2.8 – 3.3 |
| VIP2 | 3 affiliate buyers | 500 – 8,000 | 3.3 – 3.8 |
| VIP3 | No specific requirement | 3,000 – 20,000 | 3.8 – 4.3 |
| VIP4 | 8 affiliate buyers | 10,000 – 50,000 | 4.3 – 4.8 |
| VIP5 | No specific requirement | 30,000 – 80,000 | 5.3 – 5.8 |
| VIP6 | 20 affiliate buyers | 90,000 – 999,999 | 6.3 – 6.8 |
In order to make money, Horizok uses a “click a button” method that it says involves quantitative trading. It’s necessary for affiliates to log in and click a button to start a “quantification process,” which is meant to make money.
Nevertheless, this process doesn’t make sense and doesn’t really involve any valid trading. Horizok seems to only use the money from new investors to pay back older investors, which is a common thing for Ponzi schemes to do.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Horizok Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Horizok Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Horizok tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Horizok reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Horizok, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Horizok enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Horizok reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Horizok.
You should always look out for consumer complaints. In the case of Horizok, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Horizok? You can share your complaint in the comment section or submit an anonymous tip.
Is Horizok Legit Or a Scam?
Horizok is likely to go down quickly, just like many other “click a button” app Ponzi schemes. This is because many other similar platforms have shut down without warning, leaving investors with nothing to show for their money. These sudden disappearances are a common feature of scams, especially ones run by the same group of people, which in this case is thought to be a network of Chinese con artists.
Since late 2021, this kind of Ponzi scheme has been common. Many platforms use the same dishonest methods while calling them “quantitative trading.” These kinds of platforms usually only work for a short time before shutting down, which shows that their business plan can’t last.
Horizok is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Horizok can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Horizok?
All the evidence suggests that Horizok is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Horizok a scam?
Can I withdraw money from Horizok?
Where is Horizok Located?
How do I get my money back from Horizok?
How The Horizok Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
