Fast Money Matrix Review: $3.70 six-tier matrix cycler
There is no information on the Fast Money Matrix website indicating who owns or runs the business.
The Fast Money Matrix website domain (“fastmoneymatrix.com”) was registered on the 20th of January 2016, however the domain registration is set to private.
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.
The Fast Money Matrix Product Line
Fast Money Matrix has no retailable products or services, with affiliates only able to market Fast Money Matrix affiliate membership itself.
Once signed up, affiliates are able to purchase positions in the Fast Money Matrix compensation plan.
Bundled with each position purchase are a series of advertising credits, which can be used to display advertising on the Fast Money Matrix website.
The Fast Money Matrix Compensation Plan
The Fast Money Matrix compensation plan sees affiliates purchase positions in a six-tier matrix cycler.
Fast Money Matrix use 2×2 matrices in their cycler, with each matrix housing six positions:
Once filled, a cycle commission is paid out and the position cycles into the next tier of the matrix.
How much of a cycle commission is paid out is determined by what tier of the cycler a position cycles out of:
- Tier 1 (positions cost $3.70) – no commission payout, cycles into Tier 2
- Tier 2 – pays $9 and cycles into Tier 3
- Tier 3 – pays $27, generates a new Tier 1 position and cycles into Tier 4
- Tier 4 – pays $40 and cycles into Tier 5
- Tier 5 – pays $80 and cycles into Tier 6
- Tier 6 – pays $997
A 50 cent referral commission is also paid on each matrix position purchase made by personally recruited affiliates.
Joining Fast Money Matrix
Affiliate membership with Fast Money Matrix is free, however affiliates must purchase at least one $3.70 matrix position in order to participate in the income opportunity.
Referring to the purchase of matrix positions by affiliates as “sales”, the Fast Money Matrix website readily spells out the Ponzi nature of the scheme:
Ad pack earnings solely depend on sales made in the site. So if there are no sales, your ad packs will not earn.
No new money into Fast Money Matrix, no ROI payouts.
Despite the obvious Ponzi nature of the scheme, Fast Money Matrix cling to the outdated reasoning that what they attach to affiliate investment negates their business model:
Is FASTMONEYMATRIX legal?
A: YES it is legal. In order for any program to be legal, it is required to supply a service and/or product to you, the member!
Is FASTMONEYMATRIX a Pyramid or Ponzi Scheme or a Scam ?
A: No we are not any of those because we supply a service and/or product to you, the member!
The reality is when you’re shuffling newly invested funds around to pay off existing investors, whatever else you attach to the scheme becomes irrelevant.
Despite Fast Money Matrix’s assertions to the contrary, you can’t negate investment fraud with a “service and/or product”.
Stripped down, Fast Money Matrix is a simple $3.70 in, $1153 out Ponzi scheme. The raw math behind the payouts sees 385 $3 payments required to generate single $1153 ROI.
Due to the matrix-nature of the scheme, referral commissions and phantom Tier 1 positions created at Tier 3 however, the required number of investments is actually higher.
In any event, once the rate of new investment into Fast Money Matrix dries up, the scheme will find itself unable to meet it’s advertised ROI obligations.
Being a matrix-based scheme, this will manifest itself by way of cycling taking long and longer, before ultimately collapsing altogether.
Fast Money Matrix’s FAQ explains what happens next:
Is there a Cap on Withdrawals?
A: Yes. A cap of different amounts would be set by Admin so no one can withdraw before Admin gives the announcement each month on when you can withdraw.
Seeing the writing on the wall, the anonymous Fast Money Matrix admin cancels pending withdrawals and does a runner. Investors lose out and the scheme collapses.