Venus FX Review – Is This A Good Opportunity Or Big Scam?
Venus FX 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 Venus FX.
I have simply gathered for you all the facts in this Venus FX Review in order for you to make a proper decision about it.
So, is it true? Is Venus FX a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Venus FX?
Venus FX is a company that promises a massive return on investment of 480% in just 80 days. While that may sound enticing, the lack of any information in regards to who’s running the business is not.
For those who are new to our blog, we always become immediately suspicious when a company’s website doesn’t clearly outline who’s running or managing the company. No reputable company would ever make this information hidden, so this always causes for quite a bit of hesitation.
However, if we dig into the registration for Venus FX’s website domain, we are able to locate some rather interesting information. Although the domain name registration is set to private, the website makes a claim that the company was first created on December 11th of 2015.
Additionally, Venus FX also provides a Business Number that’s supposedly related to the company’s registration with the country of New Zealand. However, this registration is merely an illusion of legitimacy.
If we actually look into the registration number that’s provided on the website, we discover that someone by the name of Shahidrawadey Shahidan is titled as the owner for the company. However, the address that’s tied with Vens FX is nothing more than that for a virtual office.
The virtual office in question is being rented for $161 each year, along with a monthly fee of $20 each month. As a result, the New Zealand location is only here for the namesake. So, if that’s the case, where exactly is Venus FX located in the world?
On Venus FX’s website, the company does confirm that a Venus FX “Trading Centre” was created in Malaysia in January of this year – 2016. So, as a result, we can determine that Venus FX is actually being operated out of Malaysia.
What exactly is this Trading Centre used for? Venus FX claims that this area is used as an area for their management and corporate-level individuals to meet and discuss various matters, but the legitimacy of these claims is currently unknown.
Without any further ado, let’s take a closer look into seeing just what Venus FX has to provide for their potential affiliates and clients.
What Are The Products For Venus FX?
As if the above information wasn’t troubling enough, the situation for Venus FX doesn’t get any better when we take a closer look at the company’s product line. Well, we should say the company’s lack of any product line.
Affiliate’s for Venus FX are only able to market and sell the affiliate membership to other individuals, and this right here creates for a very big issue. With no product line available, there’s no chance for money to come in from outside, retail consumers.
As a result, the only money that’s circulating through Venus FX comes from investments from new and existing affiliates. This right here is a common recipe that we often see when looking at Ponzi schemes in the MLM field.
What Is The Compensation Plan For Venus FX?
In order for affiliates to earn a commission with Venus FX’s compensation plan, a required investment of at least $100 must be made. Following this initial investment, affiliates must enlist other members to do the same thing.
Actual commissions are paid out to affiliates once this recruitment takes place, and an extra 4 to 6% return on investment can be made on a daily basis for 80 total days.
When a new affiliate is recruited to join Venus FX, they have six different investment levels to choose from. These investment levels include $100, $500, $1000, $3000, $5000, and $10,000.
After a new affiliate signs up and invests at one of these levels, the affiliate that recruited them then earns a 25% commission off of whatever amount they invested. For example, an existing affiliate would earn a commission of $25 if their new recruit invested $100.
However, affiliates aren’t necessarily required to invest into the company if they want to earn commissions. If an affiliate doesn’t invest any of their own money, they are put into separate commission levels.
The system for these affiliates is setup using a unilevel system, and there are 3 different levels that are involved. Level 1 affiliates will earn a 30% commission, level 2 affiliates earn a commission of 20%, and level 3 affiliates earn 10%.
Residual Recruitment Commissions
In regards to the residual recruitment commissions that Venus FX offers, these are paid out through a binary system. The binary system first starts out with one single affiliate placed at the very top, and then two additional affiliates are placed right underneath that first affiliate.
These two new positions are located in two different sides, often referred two as left and right. Whenever a new level is created, double the amount of positions from the previous level are crated. This system can go on for as many levels as necessary, and at the end of every day, all of the money that’s been invested into the company is paid out to affiliates in the binary system.
Depending on the amount of money that an affiliate invests, their daily earning cap is directly affected. If an affiliate invests a sum of $100, they will earn a maximum commission of $500 each day. However, if an affiliate invests $3000 or more, they’ll stand to earn a max commission of $3000 every day.
When an affiliate invests money into Venus FX, they are promised to earn a daily return on investment between 4 and 6% for 80 consecutive days. Once these 80 days are up, affiliates will earn 70% of the ROI that they are told they’ll receive. That other 30% is then reinvested back into Venus FX.
Following these 80 days, affiliates have the opportunity to either withdraw their available funds, or reinvest them back into the company for the chance to make an even larger commission.
Additionally, affiliates have the opportunity to earn referral commissions. These commission are paid out through a unilevel system, and this system also begins with one single affiliate placed at the top.
Individuals recruited by this affiliate are placed at the position of level 1, and level 1 recruits are positioned at the level 2 spot. With this system, these levels can essentially go on and on for an endless number of times.
With that said, Venus FX does set a payment cap at the first 10 levels of this unilevel system. Here, affiliates are able to earn a commission of 1.5% based off of invested funds in their specific unilevel team.
What’s Does It Cost To Join Venus FX?
When it comes to joining Venus FX, the affiliate membership is actually free. However, affiliates who don’t invest any money will be limited to just three levels of available recruitment-based commissions.
If affiliates want the chance to earn any real money, they’ll be required to invest a minimum of $100 into the company (with that number getting as large as $10,000 if potential affiliates are feeling adventurous).
Additionally, the amount of money that an affiliate invests has a direct impact on how much money they stand to make. Basically, the more money an affiliate invests, the more money they have the potential to make through the various commission opportunities within Venus FX.
Is Venus FX A Scam?
Have you heard from a friend that Venus FX is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Venus FX – is it a scam or legit?
Good news – Venus FX 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.
Venus FX Review Conclusion
One of the biggest issues facing Venus FX is the lack of any transparency between the company and its affiliates. When affiliates invest their money, they know that they are buying into the opportunity to make commissions and ROIs.
However, what’s not disclosed is where that money is actually going. Sure, you invest $100 for the chance to turn that into more money, but who actually has that investment of yours? While this area may be foggy, one area that isn’t is Venus FX’s source of income.
With no product line to speak of, the only money that’s coming into the company is coming directly from investments that affiliates are making. Something else that we know for sure, is the fact that Venus FX is claiming to use at least 25% of all invested funds to pay out commissions to their affiliates. However, the commissions and ROIs in question are between a whopping 320 and 480%.
If that sounds like a fairy tale to you, that’s because it is.
Whenever a MLM company is making claims for ridiculously high ROIs like this, it can be pretty safe to assume that most affiliates investing their money will never actually see a return on investment of 480%.
The reality of this situation is that Venus FX is more than likely operating as both a Ponzi and pyramid scheme.
Along with all the previous issues we’ve mentioned, there’s one final one we’ve yet to mention.
When it comes time for affiliate to get paid their commissions and ROIs, Venus FX uses something called IzziPay to handle the payments.
IzziPay is a type of online payment processor that’s being run and operated by a company called iGateway Limited.
Where the real issue comes into play is when we see that Shahidrawadey Shahidan, the same name attached to Venus FX, is listed to be the “Director” for IzziPay.
So, what’s the overall picture for Venus FX? We’re looking at a company that’s offering ridiculously high ROIs, the use of a pyramid scheme structure for recruiting additional affiliates, conflicting information for the company’s location, and the person that’s running this ordeal is the same person managing the system through which the invested funds are sent to.
So, before you decide to invest $100 to $10,000, read through this review a couple times. We’re positive your mind will change after that.
I sure hope that you have found my Venus FX review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Venus FX review to have all the information for you.
If you decide to carry forward with Venus FX, 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.