AffluentFX Network Review: Forex trading themed Ponzi
AffluentFX Network fails to provide ownership or executive information on its website.
AffluentFX Network’s website domain (“affluentfx.network”), was privately registered on March 15th, 2023.
On April 6th, a few weeks after AffluentFX Network’s website domain was registered, a marketing video was uploaded to a YouTube channel bearing the name “Affluent FX”:
I don’t have a name to go with the face but the individual hosting the webinar as “AffluentFX” has an African accent.
When demoing how to sign up, AffluentFX Network’s website defaults to South Africa.
This strongly suggests whoever is running AffluentFX Network is based out of Africa.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
AffluentFX Network’s Products
AffluentFX has no retailable products or services.
Affiliates are only able to market AffluentFX affiliate membership itself.
AffluentFX Network’s Compensation Plan
AffluentFX Network affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Silver – invest $50 to $800 and receive 2% a day, capped at 400% after 300 days
- Gold – invest $900 to $20,000 and receive 2.3% a day, capped at 460% after 300 days
The MLM side of AffluentFX Network pays on recruitment of affiliate investors.
AffluentFX Network affiliates earn a 10% commission on cryptocurrency invested by personally recruited affiliates.
AffluentFX Network pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day AffluentFX Network tallies up new investment volume on both sides of the binary team.
Affiliates are paid 10% of new investment on their weaker binary team side.
Once paid out on, volume is matched against the stronger binary team side and flushed. Any leftover volume on the stronger binary team side carries over.
AffluentFX Network rewards affiliates as they reach specific earnings 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)
Joining AffluentFX Network
AffluentFX Network affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $50 investment.
AffluentFX Network solicits invesment in various cryptocurrencies.
AffluentFX Network Conclusion
AffluentFX Network represents it generates external revenue via forex trading. These marketing claims fail the Ponzi logic test.
AFN specializes in trading forex and binary options, through an AI Bot, and a team of expert traders.
The team of expert traders have more than 8 years experience in the foreign exchange market.
Our Traders are Experts in the Forex and binary trading, who have been privately dealing with Hedge Funds, trading for companies and businesses.
They then decided to Open AffluentFX Network which will allow the public to invest and benefit from their Work, through ROI and a network marketing structure.
So AffluentFX Network’s traders have been trading for eight years, are able to generate 2% a day on a consistent basis… and are out here on a cheap template website offering you access for free?
Being a passive investment opportunity tied to forex, AffluentFX Network is required to register with financial regulators. It provides no evidence it has.
This means that at a minimum, AffluentFX Network is committing commodities and securities fraud.
As it stands the only verifiable source of revenue entering AffluentFX Network is new investment.
Recycling newly invested funds to pay existing investor withdrawals would make AffluentFX Network a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve AffluentFX Network of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update June 30th 2023 – AffluentFX Network has collapsed.
As at the time of this update, attempts to visit AffluentFX Network’s website brings up a CPanel config page. This suggests the website files have been deleted.