Nexus Heat has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Zeotar. We’ve received over 5 complaints against Nexus Heat.
Nexus Heat, due in 2023, guarantees daily rewards in the moving cryptocurrency market. A closer look reveals Ponzi scheme red flags, ranging from questionable leadership to an unsustainable remuneration structure. Nexus Heat’s 2016 establishment date contradicts its recent web presence, and its phony CEO, lack of products, and regulatory oversight call into question its authenticity. Nexus Heat is a cryptocurrency Ponzi scheme that claims up to 15% daily returns without a realistic revenue source, alerting participants about the high risk of financial loss.
Get Your Money Back From These Scammers!
[mychargeback-form]
Key Takeaways
Is Nexus Heat Regulated? Do They Have a License?
In the world of cryptocurrency, which is changing very quickly, investing platforms that promise big returns are popping up more and more often. According to Nexus Heat, a website that came out in 2023, investing in cryptocurrency can earn you money every day.
However, a closer look shows a number of warning signs that point to a Ponzi scam. This in-depth review tries to break down different parts of Nexus Heat, from its questionable leadership to its pay structure that can’t last.
Nexus Heat has a mysterious online presence, even though its domain name was registered on May 20, 2023. The company says it was founded on August 25, 2016, but this claim is not backed up by proof and goes against the fact that it just recently registered a web domain.
This difference is the first sign that the platform is not trustworthy.
CEO Johan Hjertonsson, who is said to be the face of Nexus Heat, seems to be a fake. The fact that there is no information that can be checked about Hjertonsson and that a stolen profile picture is being used to represent him makes people even more skeptical about Nexus Heat’s operations.
The fact that the platform’s ownership and leadership are not clear is a big red flag that warns potential buyers to be careful.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Nexus Heat 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 Nexus Heat, 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 Nexus Heat
The only thing Nexus Heat does is promote its partner membership. It doesn’t sell any goods or services. This is a common way for multi-level marketing (MLM) schemes to work because they don’t have a real business model and instead depend on getting new people to keep making money.
Plans for pay and investments
Investors are drawn to Nexus Heat by the promise of daily returns on four different investment plans:
| Plan | Investment Range | Daily Return |
|---|---|---|
| A | $300 to $4,999 | 3% |
| B | $5,000 to $14,999 | 5% |
| C | $15,000 to $49,999 | 8% |
| D | $50,000 or more | 15% |
Commissions for referrals
The platform also has referral bonuses that go down three levels of recruitment, following a one-level system. These fees are 5% for level 1 (direct recruits), 3% for level 2, and 1% for level 3. They are meant to encourage people to bring in new affiliates.
It’s free to join Nexus Heat, but you have to put down at least $300 to take part in the income chance. The company takes stakes in different cryptocurrencies, which adds another level of risk because these assets are very volatile.
Nexus Heat says that dealing in foreign exchange, the stock market, and securities bring in money. But there is no proof for these claims, which makes the site even less trustworthy.
The Ponzi scheme logic test does not hold up against Nexus Heat’s business plan. The promise of high daily returns that can’t be backed up by a real source of income can’t last. One feature of Ponzi scams is that they depend on new investments to pay out affiliate withdrawals.
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 actually 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.
Nexus Heat 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 in order 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, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Nexus Heat 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 Nexus Heat 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 Nexus Heat reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which 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 Nexus Heat, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Nexus Heat enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Nexus Heat reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Nexus Heat.
You should always look out for consumer complaints. In the case of Nexus Heat, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Nexus Heat? You can share your complaint in the comment section or submit an anonymous tip.
Is Nexus Heat Legit Or Scam?
Nexus Heat, like all MLM Ponzi schemes, depends on people keeping putting money into it. When affiliates stop applying, the site will run out of money, which means it will have to shut down. Ponzi scams are based on math that makes sure most of the people who join will lose money.
Nexus Heat is an example of a crypto Ponzi scheme because its leaders are anonymous and it makes financial claims that can’t be kept. People who want to invest should be very careful because there is a high chance of losing money on these sites.
Nexus Heat 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 Nexus Heat can run away with your money without any prior notice. You should be 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 Nexus Heat?
All the evidence suggests that Nexus Heat 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 Nexus Heat a scam?
Can I withdraw money from Nexus Heat?
Where is Nexus Heat Located?
How do I get my money back from Nexus Heat?
How The Nexus Heat 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. 
