Review: Legit Or Scam? [The Truth]

“” is one of the  investment websites that was launched in 2024. This platform claims that its investors can earn up to N7000 daily on their platform. We have reviewed lots of similar websites like phenet, and without an exception are going to do the same for in this article, so do read along. 

It is very important to note that there are lots of unanswered questions about this platform which we shall address in this article; some include; is legit? When was launched? What is the minimum withdrawal amount on Will crash? What is the minimum investment amount on And so much more!

Note: We are not under any sponsorship/partnership deal from to write this review article. We simply carried out our research and penned down our findings. We do encourage you to carry out your own personal research where necessary.

We urge you to make use of the table of contents below to help you navigate through this article with relative ease. If you have any questions or contributions regarding the platform feel free to ask them in the comments section below. Without wasting more time, let’s begin!

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What Is

For context sake, is simply an online investment website that was launched in January 2024. The platform has been appraised to payout thousands of Naira daily to their investors. Although they do not have any About Us page or company profile page, this is basically what we deduce phenet to be after investigating the website. was launched in January 2024. However, the domain name “” was registered on the 23rd of December 2023 according to statistics from Whois domain checker. However, the name of the registrar (owners/founders) was concealed.

There is no information about this platform nor their objectives, hence we can’t really say much about them except for the information provided above. But are they legitimate? Well, let’s find out.

With that settled, let’s quickly see how this platform works in order to understand how their investors or users are paid.

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How Does Work?

The process consists of four clear steps detailing how the investment platform works:

📍 Registration Process: Users register and establish a new account on

📍 Investment: Users can choose from various investment PRODUCTs available on Phenet platform, ranging from a minimum cost of N3000 to a maximum of N100,000.

📍 Withdrawal Phase: Users can request withdrawals provided they meet the minimum withdrawal threshold.

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How To Register On

👉 CLICK HERE to proceed to the sign up page.

👉 Fill up the registration form with your required details including your phone number, email, Whatsapp number and password.

👉 Complete your registration by clicking on CREATE ACCOUNT.

👉 Congratulations 👏, you have successfully created your account.

You will automatically be taken to your user dashboard which means you have successfully created your account.

A free N200 sign up bonus will be allocated to your account. This amount can be withdrawn provided you meet the withdrawal threshold.

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📍Phenet 1

PRODUCT price: N3000

Total profit: N700

Cycle: 30 Days

📍Phenet 2

PRODUCT price: N5000

Total profit: N350

Cycle: 30 Days

📍Phenet 3

PRODUCT price: N10000

Total profit: N700

Cycle: 30 Days

📍Phenet 4

PRODUCT price: N25000

Total profit: N1750

Cycle: 30 Days

📍Phenet 5

PRODUCT price: N52000

Total profit: N3640

Cycle: 30 Days

📍Phenet 6

PRODUCT price: N75000

Total profit: N5250

Cycle: 30 Days

📍Phenet 7

PRODUCT price: N100000

Total profit: N7000

Cycle: 30 Days

As seen on official website.

How To Invest On

To purchase an investment PRODUCT plan on Phenet platform, follow the steps below;

👉 Login to your Phenet platform account.

👉 Go through the available plans and Click/Select the plans you wish to purchase as listed on the homepage.

👉 Select/Click BUY NOW on the investment plan of your choice.

👉 Confirm your investment on the pop up page by clicking on YES.

Congratulations 👏, you have purchased your first investment on the platform. By default your earnings will be reflected on your dashboard after 24 hours of making your investment purchase.

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How To Recharge Your Account

👉 Login to your account and click RECHARGE on the homepage.

👉 Select your payment gateway and the amount you wish to deposit, proceed by clicking o ln RECHARGE NOW.

👉 Copy the account details provided on the next page and make a one time payment to the address generated.  

👉 Proceed back to the payment form and click the button “Pay Now” to validate your payment.

👉 Your payment will be processed automatically.

Ensure to upload 

How To Make Money On Phenet platform

The major way to make money on is by investing in their various investment PRODUCTs. The least expensive PRODUCT costs N3000 and generates a total of N210 during the lifetime of the investment. 

Users can also earn commissions via the Phenet platform referral program. also has a referral program where users can supplement their basic earnings by inviting new investors. They support up to three level invites.

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How To Withdraw Earnings On

👉 On the home page, click the options WITHDRAW.

👉 Select your payment destination and the amount of money you want to withdraw.

👉 Click the black WITHDRAW button to execute your withdraw request.

And there you have it! You have successfully placed your first withdrawal request on the Phenet platform. Payments will be made within 24 hours of placing your withdrawals.

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Is Legit Or A Scam? is not a legitimate website. After our in depth analysis on, we discovered quite a number of loopholes that make this platform fail our legitimacy standards. Below are some red flags we observed on this platform:

⚠️ The owners of phenet are unknown.

⚠️ Phenet platform offers no  real investment products/services. Despite the products they display, they are not real.

⚠️ No real source of promotion except media hype and referrals.

⚠️ No real source of income except investors money.

⚠️ No physical branch or office or animal ranch.

These warning signs from Bhustle show that might not be safe. Even though it’s new, it might not stay around for long.

Therefore, if you still make up your mind to join the train ( ensure to do so with income you are ready and willing to lose at any given point in time.

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Final Verdict

Finally we urge interested people to only register on with money they are willing to lose. Always remember that as long as the missing items dictated in this article about Phenet platform are not stipulated, it remains a ponzi scheme. Do ensure to thread wisely!

Also we have reviewed a lot of legitimate websites where you can earn money by working legitimately on the internet. CLICK HERE to access them for free.

Do ensure to join our community of over 1400+ subscribers on YouTube where we share the latest ways to earn money online. CLICK HERE to subscribe for free.

Kindly leave your questions, contributions or confusions in the comments box below, peace.

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About Stefan C.

Focused On bringing you the best educational and finance related topics that will impact your life and the lives of millions.
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