Quantex Review: AI trading bot ruse Ponzi
Quantex fails to provide ownership or executive information on its website.
Quantex’s website domain (“quantex.shop”), was privately registered on May 17th, 2024.
Despite only existing for a few weeks, on its website Quantex falsely claims it’s been around since 2022.
Since its inception in 2022, Quantex has been relentlessly evolving, adapting to the rapidly changing world of cryptocurrency and forex.
Of note is Quantex having already attracted the attention of financial regulators. The Central Bank of Russia issued a a Quantex pyramid fraud warning on May 27th, 2024.
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.
Quantex’s Products
Quantex has no retailable products or services.
Affiliates are only able to market Quantex affiliate membership itself.
Quantex’s Compensation Plan
Quantex affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised passive returns:
- invest $10 to $50,000 and receive 108% over 24 hours (paid hourly)
- invest $10 to $50,000 and receive 115% over 24 hours (paid at the end of 24 hours)
- invest $10 to $50,000 and receive 270 at the end of 5 days
- invest $10 to $50,000 and receive 2450% at the end of 16 days
Quantex pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 6%
- levels 2 and 3 – 1%
Joining Quantex
Quantex affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $10 investment.
Quantex solicits investment in various cryptocurrencies.
Quantex Conclusion
Quantex represents it generates external revenue via AI trading.
Quantex brings you a cutting-edge trading experience powered by state-of-the-art artificial intelligence.
Our proprietary AI-driven trading system is engineered to make intelligent and timely decisions in the dynamic world of cryptocurrency and forex markets.
No evidence of Quantex generating revenue through trading or any other source is provided.
Furthermore, Quantex’s business model fails the Ponzi logic test.
If Quantex already has an AI trading bot capable of legitimately generating 2450% every 16 days, what do they need your money for?
As it stands, the only verifiable source of revenue entering Quantex is new investment.
Using new investment to pay affiliate withdrawals would make Quantex a Ponzi scheme. As CBR has already confirmed, with no retail offering the MLM side of Quantex operates as a pyramid scheme.
Despite clearly operating illegally in every country with a regulated financial market (securities fraud, wire fraud), Quantex falsely claims it operates legally.
Quantex operates with the utmost integrity and adheres to all legal standards and regulations.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Quantex of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.