My FX Empire Review: $75 and $150 Ponzi positions
There is no information on the My FX Empire website indicating who owns or runs the business.
The My FX Empire website domain (“myfxempire.com”) was registered on the 21st of August 2015, 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 My FX Empire Product Line
My FX Empire has no retailable products or services, with affiliates only able to market My FX Empire affiliate membership itself.
The My FX Empire Compensation Plan
The My FX Empire compensation plan sees affiliates invest $75 for a share and cycler position, or $150 for a share, cycler and “panal” position.
Note the My FX Empire compensation plan states that affiliates are capped at earning $1000 a month based on “active downlines”, however they fail to go into any specific details.
My FX Empire use 5×1 matrices in their nine-tier cycler.
A 5×1 matrix sees five position purchases required for the position at the top to cycle out.
Payouts across My FX Empire’s nine-tier cycler are as follows:
- Tier 1 – pays out $5 and cycles into Tier 2
- Tier 2 – pays out $10 and cycles into Tier 3
- Tier 3 – pays out $25 and cycles into Tier 4
- Tier 4 – pays out $50 and cycles into Tier 5
- Tier 5 – pays out $150 and cycles into Tier 6
- Tier 6 – pays out $300 and cycles into Tier 7
- Tier 7 – pays out $450 and cycles into Tier 8
- Tier 8 – pays out $750 and cycles into Tier 9
- Tier 9 – pays out $1050 and cycles into Tier 10
Each cycler position purchase ($75 or $150) generates 36 cycler positions.
Panal positions generate an advertised $5 a week ROI for 36 weeks ($180).
Share positions are $12 and generate a $15 ROI.
Referral commissions in My FX Empire are paid out through ten levels of recruitment via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team. If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
My FX Empire cap payable unilevel levels at 20, with 10% paid out on level 1 and 1% on levels 2 to 19.
My FX Empire affiliate membership is free, however affiliates are required to invest at least $75 or $150 if they wish to participate in the income opportunity.
A $75 position generates one share and 36 cycler positions.
A $150 position generates one share, one panal and 36 cycler positions.
Despite the pretense that My FX Empire has anything to do with forex trading, the only source of income into the scheme is affiliate investment.
Thus the same is funds flowing out of the scheme, which makes My FX Empire a Ponzi scheme.
All three income tiers see newly invested funds used to pay off existing affiliates, with referral commissions adding a pyramid layer to the scheme.
As with all such schemes, once recruitment of new affiliates dries up, My FX Empire will find itself unable to meet it’s ROI obligations.
This will first present itself by cycler positions taking longer to cycle, followed by withdrawal delays in both the share and panal ROIs.
At that point My FX Empire will have collapsed, leaving most affiliates with a loss.