Neuryx Club Review: Automated crypto trading securities fraud
Despite claiming to be “obsessed with transparency”, Neuryx provides no information on their website about who owns or runs the business.
The Neuryx website domain (“neuryx.club”) was privately registered on October 15th, 2018.
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.
Neuryx Club Products
Neuryx Club has no retailable products or services, with affiliates only able to market Neuryx Club affiliate membership itself.
The Neuryx Club Compensation Plan
Neuryx Club affiliates sign up on the promise of passive returns, purportedly derived through automated cryptocurrency trading.
How much a Neuryx Club affiliate can trade is determined by how much they pay in affiliate fees:
- Basic ($200 a year) – $1000 limit
- Gold ($1000 a year plus $100 a month) – $10,000 limit
- Platinum ($2500 a year plus $200 a month) – $50,000 limit
- Infinity ($5000 a year plus $300 a month) – $100,000 limit
In additional to passive trading returns, Neuryx Club affiliates are also paid to recruit.
Neuryx Club Affiliate Ranks
There are six affiliate ranks within the Neuryx Club compensation plan.
Along with their respective qualification criteria, they are as follows:
- Affiliate – sign up with a Basic affiliate membership
- Bronze – sign up with a Basic affiliate membership and generate at least $1000 worth of Neuryx Club recruited affiliate fees a month
- Silver – sign up with a Basic affiliate membership and generate at least $5000 worth of Neuryx Club recruited affiliate fees a month
- Gold – sign up with a Gold affiliate membership, recruit and maintain at least six affiliates (three must have purchased Gold or higher membership, three must also be Silver or higher ranked) and generate at least $20,000 worth of Neuryx Club recruited affiliate fees a month
- Platinum – sign up with a Platinum affiliate membership, recruit and maintain at least nine affiliates (six must have purchased Gold or higher membership, two must also be Gold or higher ranked and one Silver or higher) and generate at least $40,000 worth of Neuryx Club recruited affiliate fees a month
- Infinity – sign up with an Infinity affiliate membership, recruit and maintain at least twelve affiliates (nine must have purchased Gold or higher membership, two must also be Platinum or higher ranked and one Gold or higher) and generate at least $100,000 worth of Neuryx Club recruited affiliate fees a month
Required affiliate fees are counted from entire downline volume (i.e. your recruitment efforts and everyone tied to you through recruitment).
Neuryx Club pays recruitment commissions 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.
Recruitment commissions are paid out as a percentage of affiliate fees paid across a maximum of six unilevel team levels.
How many levels recruitment commissions are earned on is determined by rank:
- Affiliates earn 10% on level 1 (personally recruited affiliates)
- Bronzes earn 10% on level 1 and 8% on level 2
- Silvers earn 10% on level 1, 8% on level 2 and 6% on level 3
- Golds earn 10% on level 1, 8% on level 2, 6% on level 3 and 4% on level 4
- Platinums earn 10% on level 1, 8% on level 2, 6% on level 3, 3% on level 4 and 2% on level 5
- Infinitys earn 10% on level 1, 8% on level 2, 6% on level 3, 4% on level 4, 2% on level 5 and 1% on level 6
Neuryx affiliates who sign up with the Infinity package receive shares in a bonus pool.
Presumably the Founders Pool is made up of a percentage of company-wide affiliate fees, however this is not disclosed in Neuryx Club’s compensation plan.
Joining Neuryx Club
Neuryx Club affiliate membership is priced across XX tiers:
- Basic – $200 annual fee
- Gold – $1000 annual fee plus $100 a month
- Platinum – $2500 annual fee plus $200 a month
- Infinity – $5000 annual fee plus $300 a month
The more a Neuryx Club affiliate spends in fees the higher their income potential.
Neuryx Club represents to its affiliates that they will earn a passive return through automated cryptocurrency trading.
This is set up such that an affiliate deposits funds with an exchange and provides Neuryx Club access to the funds.
So long as the affiliate continues to pay their affiliate fees, Neuryx Club will trade on their behalf.
The passive nature by which returns are generated means Neuryx Club is offering a security.
As I write this Alexa estimate that 76% of traffic to the Neuryx Club website originates out of the US. The remaining 24% is from Indonesia.
In the US securities are regulated by the SEC. In Indonesia it’s the Financial Services Authority.
I can confirm Neuryx Club have not registered their securities offering with the SEC. There is nothing on their website to suggest Neuryx Club has registered with Indonesia’s FSA either.
This means that at a base-level, Neuryx Club is operating illegally.
With no retail offering, 100% of MLM commissions paid out by Neuryx Club are tied to affiliate recruitment. This adds an additional pyramid layer to the scheme.
Registration with securities regulators requires Neuryx Club to provide evidence of AI trading.
More importantly, they would be required to disclose to potential investors the specifics of their bot (assuming it exists), including who created and runs it and past results.
Outside of committing securities fraud by not providing this information, this is basic due-diligence and it beggars belief why anyone would give Neuryx Club access to thousands of dollars without it.
No doubt there are going to be some Neuryx Club affiliates who parade around supposed trading result figures.
Remember though, it is one thing to come up with figures for marketing. Filing facts and figures with the SEC has legal repercussions and is another matter entirely.
Put short, there’s no legitimate reason for Neuryx Club to have not registered itself with the SEC.
If the company refuses to do so and/or makes up excuses, they’re operating illegally and are most likely not doing what they say they are.
Typically MLM automated trading bot scams either run losses for their investors or make just enough to cover monthly affiliate fees.
Most of the actual money is made through recruitment, which you can earn in any pyramid scheme.
The end-game sees recruitment eventually dry up, at which point affiliates realize any returns generated are cancelled out by affiliate fees.
If you want to see this model in action, Crypto World Evolution launched roughly about a year ago.
Same passive trading “you control the money” securities fraud garbage, with affiliates realizing losses a few months in.
If you read through the comments you’ll find most of the same arguments Neuryx Club affiliates will raise addressed.
Most of Crypto World Evolution’s initial promoters made their recruitment money and split.
Hell, you’ll probably even find a few of them pitching Neuryx Club if you dig deep enough.