This is my review of Nomidastocks.com, a scam investment platform in Uganda that “claimed” to reward up to 7% daily of the invested capital, and the total investment including earnings is returned in 10 days, plus lots of other benefits including unsecured loans of up to 20 million shillings instantly without security.
If you’ve been wondering whether Nomida stocks are legit and worth your investment, or simply another scam venture that you shouldn’t waste your valuable time and money on, keep reading.
Website name: Nomidastocks.com
Domain registration date: 2023-08-08
Domain Ownership info: Not Disclosed
Earning option: Up to 7% daily returns on invested capital
Legit or Scam: Is Scam. Read the full review.
What is Nomidastocks.com?
This was a Ugandan-based stocks investment platform kind of website that “claimed” to be the leader in the financial markets in the world after 4 days of existence according to whois.com domain registration information on this review date. By creating a free account that comes with up to a 2000UGX bonus, you are ready to invest with a minimum of 2000 Uganda shillings via Airtel or MTN Mobile Money, Sit and wait for your money to grow.
How Nomida Stocks Makes Money
According to their website, “Nomida stocks claimed to trade in stocks and forex with a 700k clientele base across the world, and thus they extend soft stocks loans to their clients to help them grow financially. But this is wrong, they scam people in the name of investment.
Ways to earn
- Joining bonus of 2000ugx
- 7% daily return on the invested amount
- Referral program
In addition to the 2000ugx bonus as a welcome gift, you earn up to 7% of the invested capital daily for 10 days. At the end of the 10 days, your earnings together with the capital can be withdrawn to your mobile money number via MTN or Airtel Money.
How to invest in Nomida stocks
- Log into your account
- Click investments
- New investment
- Enter the amount you want to invest eg 5000ugx
- Enter a phone number where the money is
- Click submit
- Enter mobile money PIN to approve payment prompt
- Done
How do you get earnings?
- MTN mobile money
- Airtel money
The minimum amount you can request for withdrawal is 5000 Uganda shillings via MTN or Airtel mobile money. Once your reward including capital accumulates to that amount in your account, you can request cash out by following the instructions below.
- Log into your Nomida account
- Click Withdrawals
- Enter withdraw amount
- Enter your phone number to receive your money
- Click Withdraw
Is Nomidastocks.com Legit or scam?
Nomidastocks is the trendy talk online in Uganda both on WhatsApp and other online apps after scamming many Ugandans. But the question is, were they legitimate or scams? While I have seen some messages as Nomidastocks payment proof somewhere online in the Whatsapp groups, the fact is that I haven’t personally been paid since my testing investment ended and they scammed me. The good thing is that the site disappeared and no more scams will happen.
However, just like any other online investment, I strongly advise you not to invest at all unless you are ready to lose that money however small it may be. This is because the platform is a Scam rather than a legitimate investment platform.
MUST READ UPDATE: When my 10-day investment period reached, I saw the accumulated profits. I clicked the withdraw button and the system showed payment was successful. However, I have not been able to receive any payment from Nomidastocks yet. Checking on the group, many members are complaining of the same and none of the Admins or owners are responding. Rather, they are deleting members who talk about the same or ask a question. Therefore, stay away from this investment, it is a PURE SCAM!
