Palmills — Review

This is  SCAM project already! Do not invest there anymore!

Today I’d like to review a company called Palmills. This company has actually been online for over two months. However, as Emily News has only become active again in the last few weeks, this review is somewhat late. However, perhaps this late posting will pick up developments that only occurred in the Palmills website in recent weeks.

Palmills is a nickname for the full company name which is Bio Palm Oil Plantations Ltd. However, I am going to use the “nickname” to shorten the review a little! Palmills is headquartered in London and is registered in the United Kingdom. According to their website, Palmills operates palm oil plantations in many parts of the tropics. These include various regions of Malaysia and West Africa where the climatic conditions are suitable for planting oil palms. In Malaysia, the plantations are located in the states of Sabah and Sarawak, while in West Africa, they are located in Ghana and Nigeria. In addition, Palmills also owns oil palm plantations in Colombia and through joint ventures, owns plantations in Brazil and other parts of South America.

As the website indicates, palm oil is a precious commodity whose importance can only increase with time. It has value as fuel and as an edible fat and many other additional uses. In addition, the cake that is the byproduct of the oil production is a sought after animal feed.

Palmills operates an online investment program in support of its business ventures. The program is simple to understand as it consists of a single plan that applies to investments of all amounts — from the minimum of $10 to the maximum of $50,000. The term of the investment is 60 working days (Monday through Friday) at a daily interest rate of 3.5%. So, as an example, if you invest $100, you will receive $3.50 back every day. By the end of the 60 day term, you will have received a total of $210. This includes your initial investment. So, your profit would be $110, or 110%. You will break even in 29 days, just about half way through the term of the investment period. This is neither a short term nor a long term investment program as far as HYIPs are concerned. Somewhere in the middle. This leads me to believe that it might at least be more stable that many of the extremely high interest short term programs.

Like a number of HYIPs, Palmills has a “Regional Representative” program that enables you to earn significant commissions on the deposits of your referrals. The primary requirements for becoming such a rep are that you invest a minimum of $500 and that you have at least five active referrals. A nice benefit of being a rep is that your name and contact info can be listed in the Palmills website.

Use of the Palmills website should be secure as it is protected by Genius Guard, one of the world’s largest and most trusted DDoS protection and mitigation providers. Palmills also has an Extended Validation SSL certificate from GeoTrust to insure safe financial transactions. Finally, Palmills servers are protected by hourly malware and vulnerability scans.

Palmills accepts the major payment systems of PerfectMoney, Payeer and BitCoin. They plan to add Payza and AdvCash in the near future. Withdrawals — which are instant — must be made with the same processor that you used for your investment.

Finally, there are a number of ways to contact Palmills if you need help with anything that isn’t covered in their rather extensive FAQ section. There is a support form as well as a support email address (I suspect they are equivalent). A phone number is given as well as a physical address. Your choice if you would like to try those contact methods. Fans of social media might like to utilize the Palmills Facebook page as a means of getting help and support from the HYIP community that has invested with them.

That’s about all for this review. On a personal note, having lived in the tropics for over 30 years, I am very familiar with the many uses of coconut palm oil, ranging from use in cooking, as a body lotion, as a fuel for lamps and, even as a replacement fuel in truck diesel engines. In my opinion, Palmills has an outstanding product. With state of the art oil extraction processes, and wise business management and marketing practices, the company could do very well in the future.

However, in spite of this potential, the investor in all HYIPs is always warned to exercise caution. While the rewards of programs like this are great, they are accompanied by equally great risks. Good luck!