On its website, AffluentFX Network omits to list ownership or executive details.
The domain name “affluentfx.network” for the AffluentFX Network website was privately registered on March 15, 2023.
Several weeks after AffluentFX Network’s website domain was registered, on April 6, a promotional film with the title “Affluent FX” was posted to a YouTube channel:
Although I am unable to put a name with a face, the webinar’s “AffluentFX” host has an accent from Africa.
The website for AffluentFX Network defaults to South Africa when demonstrating how to sign up.
This shows that whoever is in charge of AffluentFX Network is in Africa.
Always consider joining and giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
Products from AffluentFX Network
AffluentFX does not offer any services or products for retail.
You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
Only the AffluentFX associate membership itself may be promoted by affiliates.
Compensation Plan for AffluentFX Network
Affiliates of the AffluentFX Network makes Bitcoin investments in USD equivalents.
On the promise of advertised returns, this is done:
-Silver: Receive 2% every day on investments between $50 and $800 with a cap of 400% after 300 days.
-Gold: Invest between $900 and $20,000 in gold to receive 2.3% every day, with a cap of 460% after 300 days.
AffluentFX Network’s MLM division provides commissions on the acquisition of affiliate investors.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.
These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.
Referral Commissions
Affiliates of the AffluentFX Network receive a 10% commission on any Bitcoin investments made by individually hired affiliates.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
Residual Commissions
The remaining commissions are paid by AffluentFX Network using a binary compensation scheme.
An affiliate is positioned at the head of a binary team that is divided into two sides (left and right) by a binary remuneration structure:
The binary team’s first level has two slots. By dividing these initial two slots into two more positions each (4 positions total), the binary team’s second level is created.
The binary team is formed in stages, with each set containing twice as many slots as the preceding stage.
Direct and indirect affiliate recruitment is used to fill positions on the binary team. The depth to which a binary team can grow is unbounded.
Each day’s new investment volume on both sides of the binary team is totaled by AffluentFX Network at the end of the day.
Affiliates on the side of their inferior binary team receive 10% of any new investment.
Volume is matched against the stronger binary team side and flushed after being paid out. Any remaining volume on the side of the more powerful binary team carries over.
Rewards AFN
Affiliates are rewarded by AffluentFX Network when they hit certain profit milestones:
-earn $3000 and receive a $460 petrol voucher
-earn $10,000 and receive an iPhone ($1800)
-earn $30,000 and receive $6000
-earn $80,000 and receive $19,200
-earn $170,000 and receive a car ($34,000)
-earn $350,000 and receive a house ($135,000)
Affiliating with AffluentFX Network
The AffluentFX Network affiliate program is free to join.
The attached income opportunity requires a minimum commitment of $50 to be fully participated in.
Investment is sought after by AffluentFX Network in several cryptocurrencies.
Final Verdict for AffluentFX Network
According to AffluentFX Network, forex trading is how it makes money from outside sources. The Ponzi logic test shows that these marketing claims are false.
AFN uses an AI Bot and a team of experienced traders to trade forex and binary options.
The crew of experienced traders has more than 8 years of market knowledge.
Our traders have dealt privately with hedge funds and have experience trading for corporations and enterprises. They are experts in forex and binary trading.
They ultimately made the decision to launch AffluentFX Network, which will let the general public invest in and gain from their work via ROI and a network marketing framework.
The traders at AffluentFX Network have been trading for eight years and can consistently produce 2% each day. Are are here on a low-cost template website giving you access without charge?
Right.
Since AffluentFX Network is a passive investment opportunity connected to forex, it must register with financial regulators. It offers no proof that it does.
This indicates that AffluentFX Network is at the very least engaging in securities and commodities fraud.
Right now, new investments are the sole verified source of income entering the AffluentFX Network.
AffluentFX Network would turn into a Ponzi scheme if freshly invested money was recycled to cover withdrawals from current investors.
As with all MLM Ponzi scams, fresh investment will cease as soon as affiliate recruiting does.
This will deprive AffluentFX Network of ROI income, leading to its eventual collapse.
The mathematics underlying Ponzi schemes ensures that when they fail, the majority of investors lose money.
AffluentFX Network has failed as of June 30th, 2023.
A CPanel configuration screen appears when trying to access the AffluentFX Network website as of the time of this upgrade. According to this, the website’s files may have been removed.
Forex: Is it a Ponzi scheme?
The history of pyramid scams, from Charles Ponzi to Bernie Madoff, is rich, tragic, and motivated by one of the strongest emotions: greed. The forex market is not a pyramid system, but as it has grown over the years, it has drawn dubious companies. This essay examines financial pyramids in forex trading and outlines fundamental precautions that can assist steer clear of dangers and fraud.
In what sense does Forex operate?
Forex refers to a decentralized, international currency market. It runs five days a week, 24 hours a day through a network of foreign institutions, with the Australian market beginning and the U.S. market concluding the week. By comparing the values of several currencies, or forming currency pairings, the forex market operates. The most well-known pair is EUR/USD, which stands for Euro to US Dollar.
The U.S. dollar officially began floating in the 1970s, which is when the current foreign currency market first emerged. The forex market has since grown to be one of the biggest in the world, with daily transactions topping $6 trillion.
What exactly are pyramid schemes?
A pyramid scam is a type of business that depends on unending, unsustainable expansion. To swiftly recruit new participants, these schemes frequently make substantial and quick returns. The program continues to run as long as there is a steady flow of new members by using its funds to pay out returns for previous members. When growth slows down, the scheme inevitably collapses because the con artists are no longer able to make the promised profits.
The 2 Most Common Forex Pyramid Schemes
The growth of the foreign exchange market was rapid, particularly following the expansion of the IT industry in the 1990s. Additionally, this development led to the emergence of illicit business methods in the industry.
Traditional pyramid scheme
In currency Ponzi schemes, a traditional pyramid scheme that depends on new members is a little less sophisticated. Usually, two recurring themes appear. The entity is ambiguous about the details and offers substantial financial benefits. These websites frequently promise returns from forex investments while using familiar-sounding financial lingo that makes little sense. These are solid red flags that this is probably a pyramid scheme at best and a flat-out scam at worst — especially if unregulated — especially when combined with an aggressive affiliate program.
Ponzi Scheme
This technique was called after Carlo Ponzi, a fraudster from the 20th century, even though it first appeared earlier in history. It entails taking money from investors who mistakenly think that gains are attributable to honest business ventures and investment opportunities.
These frauds may take the form of percentage allocation money management (PAMM) frauds in the forex market when con artists entice investors by fabricating their track records and then pay back the initial investors using fresh deposits. While there are legitimate PAMM services available, fake ones rely on unlicensed offshore brokers who are major con artists. Having control over a broker enables the offerer to backload deals onto a trading account, fabricating a successful track record.
When the plan has raised enough money, the scammer cuts it off while pretending that an account crash has occurred, just as they had done with the first profits.
Although this swindle may appear sophisticated, outstanding, reliable returns and a dubious forex broker are obvious warning signs.
