Market Vision Review: Trading bot securities fraud
Market Vision fails to provide company ownership and/or executive information on its website.
Market Vision’s website domain (“marketvision.io”), was first registered in May 2020. The private registration was last updated on June 26th, 2022.
Market Vision has an official YouTube channel, featuring a bunch of German marketing videos.
Not surprisingly, all of the Market Vision affiliate marketing I came across was in German too.
This strongly suggests whoever is running Market Vision at the very least has ties to Germany.
Update 12th July 2022 – A video uploaded to Market Vision’s official YouTube channel features this unidentified individual;
Later in the video the individual logs into Market Vision’s website as “MarketVision Admin”.
Consistent with Market Vision’s apparent ties to German, the unidentified individual speaks in German.
BehindMLM reader Melanie in the comments below (#14), notes that a WhatsApp number in the video description corresponds to Austria (note if you translate the text to English the WhatsApp number disappears). /end update
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.
Market Vision’s Products
Market Vision represents it has a retail and affiliate membership offering.
No information about the retail offering is provided. Furthermore regardless of which option you choose, the sign up page is the same.
Given this I’m treating Market Vision’s retail offering as pseudo-compliance.
Market Vision affiliate membership provides access to a trading bot, through which the company markets “automated trading”.
Market Vision’s Compensation Plan
Market Vision affiliates pay €275 EUR a month. Commissions are paid when they recruit others who do the same.
Market Vision pays recruitment commissions via a 3×7 matrix.
A 3×7 matrix places an affiliate at the top of a matrix, with three positions directly under them.
These positions form the first level of matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each.
Levels three to seven of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Recruitment commissions are paid as affiliates are recruited into the matrix. This occurs via direct and indirect recruitment.
Commissions paid per recruited affiliate are based on which level of the matrix a recruited affiliate is placed on:
- level 1 (3 positions) – 11%
- level 2 (9 positions) – 10%
- level 3 (27 positions) – 8%
- level 4 (81 positions) – 7%
- level 5 (243 positions) – 6%
- level 6 (729 positions) – 4%
- level 7 (2187 positions) – 2%
Specifics aren’t provided but Market Vision’s compensation documentation suggests three affiliates must be recruited and maintained to earn on all seven unilevel team levels.
Recruitment commissions are paid monthly recurring, for as long as affiliates recruited into the matrix pay their Market Vision membership fees.
Joining Market Vision
Market Vision affiliate membership is €275 EUR a month.
Market Vision Conclusion
Market Vision is a pyramid scheme attached to trading bot securities fraud.
Automated trading takes place on the crypto and FOREX markets.
Our tested software pulls information from over 7000 exchanges and does the trading for you.
Tellingly, no specific information is provided about Market Vision’s bot.
This is to be expected when the company itself is run by anonymous scammers.
From an MLM due-diligence perspective, we have the following red flags:
- no information about who is running Market Vision is provided
- no information about Market Visions trading bot is provided
- Market Vision fails to provide evidence it has registered with financial regulators (namely BaFin in Germany), meaning the company is committing securities fraud
- Market Vision’s MLM opportunity operates as a pyramid scheme
The selling point for Market Vision is the old “your money is in your account” cliche. While that is true, “lulz can’t touch our money” schemes nonetheless end in one of two ways:
This is because, while maintaining a balance in an exchange account an affiliate owns might feel secure, it’s not because the affiliate has no actual control of the bot.
The bot is provided by Market Vision, who can program it do what they want. That includes changing the bot’s code maliciously, leading to the exit-scam scenarios presented above.
Concluding with the MLM side of Market Vision, affiliates are paying €3300 EUR annually in fees alone. That’s on top of whatever they ultimately lose to the trading bot.
Top recruiters and Market Vision’s anonymous owners will make money (the owners sit at the top of the company-wide matrix).
In order for that to happen though, everyone else has to lose money.
Update 16th November 2022 – Market Vision has probably collapsed.
The company has marked all videos on its YouTube channel private. The last post on Market Vision’s official Instagram account is dated February 2022.
Market Vision’s website is still up but SimilarWeb is tracked less than 5000 visits a month.