IGOFX Review – Is This A Good Opportunity Or Big Scam?
IGOFX has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling IGOFX.
I have simply gathered for you all the facts in this IGOFX Review in order for you to make a proper decision about it.
So, is it true? Is IGOFX a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is IGOFX?
IGOFX is the name of the latest MLM venture to make an impression on my radar, and after examining the company to see just what it has to offer, it doesn’t look like that impression is a good one.
First of all, the IGOFX website has hardly any background information present on it. Nowhere will you find any mention of who owns the company, where it’s located, or who originally founded it — you know, information that you really search for when your’e thinking about handing money over to a new business opportunity.
The domain for the IGFOX website was first registered all the way back on August 13 of 2012, but it was just recently updated on February 16, 2017. This is likely when the new owner took hold of the domain, but due to the private nature of its registration, we have no way of knowing who the owner is or where they’re based out of.
Despite these many roadblocks, I was able to learn that IGOFX is listed as IGO Global Limited over in Vanuatu as a form of “dealer in securities.”
Furthermore, IGOFX has to use a shell company in order to register itself with the Vanuatu Financial Services Commission.
I found all of this to be quite odd, and it doesn’t create for a very good first impression with IGOFX at all.
Even more troubling is the fact that 55% of all the traffic the IGOFX website receives comes out of Malaysia — a country that’s proven time and time again to be a favorable home for lots of schemes and scams that exist within the MLM underbelly.
What Are The Products For IGOFX?
To make matters worse, there’s not a whole lot to talk about when looking at the product line that IGOFX is bringing to the table.
There’s aren’t any goods or services being sold to retail customers, and this also means that there is a complete lack of any retail sales activity whatsoever.
Affiliates for the company are left with nothing more than the affiliate membership to try and sell off to folks that might be interested in it, but when you consider that retail sales often serve as the backbone for any honest MLM setup, the lack of them within IGOFX creates for a very bad feeling.
What Is The Compensation Plan For IGOFX?
In order to start earning within the IGOFX compensation plan, you’ll be asked to invest a minimum of $100 into the company. By making this investment, you can secure at monthly ROI that’s valued between 10% and 30%.
On top of this, you can also earn on residual commissions — money that’s ben invested by your own personally recruited affiliates and the rest of your downline.
Residual commissions are paid out via a unilevel system, with personally recruited affiliates able to secure a commission rate of 5%. Level 2 members off a rate of 3%, and those that are level 3 and 4 members pay just 1%.
What’s Does It Cost To Join IGOFX?
If you’re for some reason intrigued by what IGOFX has to offer, you’ll need to pony over at least $100 in order to get things started.
You can choose to leave your investment at that, but if you’d like to maximize your overall earning potential, you’ll need to invest more cash.
Is IGOFX A Scam?
Have you heard from a friend that IGOFX is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about IGOFX – is it a scam or legit?
Good news – IGOFX is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
IGOFX Review Conclusion
Overall, IGOFX is a lot like FX United and VenusFX — two other Forex/Ponzi scams based in Malaysia.
The use of a forex trading system is used to entice potential investors, and they then dump money into the company in order to get their hands on a passive ROI.
However, there’s a big problem with the way IGOFX is operating.
The only identifiable source of income is that of affiliate investments, and because of this, funds that are newly invested are turned right around and used to pay the ROI that existing members are expecting.
This is where you see the Ponzi nature of IGOFX, and it’s something that you never want to get tied up with.
Similar to all other Ponzi/Forex schemes that have come and gone before it, IGOFX will only be around as long as people continue to join the opportunity and dump money into it.
Once this activity dies down, the company will be faced with a rather speedy collapse.
The anonymous admin(s) will make off with the majority of all the money that gets invested into IGOFX, with the rest of the affiliates likely left to lose out.
I sure hope that you have found my IGOFX review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my IGOFX review to have all the information for you.
If you decide to carry forward with IGOFX, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.