Sytrex Trade Review: 200% in 7 days Ponzi scheme
Sytrex Trade fails to provide company ownership or executive information on its website.
Sytrex Trade’s website domain (“sytrextrade.com”), was privately registered on June 15th, 2022.
In an attempt to appear legitimate, Sytrex Trade provides incorporation details for “Bitt-X Limited” on its website.
Bitt-X Limited was incorporated in the UK in 2018. The shell company was dissolved in July 2018.
Regardless of whether Bitt-X Limited even has anything to do with Sytrex Trade, an MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
Despite only existing for just under two months, on its website Sytrex Trade falsely claims it was “founded in 2015”.
On Sytrex’s homepage there is an embedded plugin chart that sources data from “investing.com”. If we right-click the chart, we can see the default plugin language is set to Russian:
This strongly suggests that whoever is behind Sytrex Trade has ties to and/or is from Russia.
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.
Sytrex Trade’s Products
Sytrex Trade has no retailable products or services.
Affiliates are only able to market Sytrex Trade affiliate membership itself.
Sytrex Trade’s Compensation Plan
Sytrex Trade affiliates invest funds on the promise of advertised returns:
- Starter Plan – invest $50 to $1000 and receive 125% after 7 days
- Basic Plan – invest $1000 to $10,000 and receive 150% after 7 days
- Pro Plan – invest $10,000 to $25,000 and receive 75% after 7 days
- Executive Plan – invest $25,001 or more and receive 200% after 7 days
Sytrex pays referral commissions on invested funds down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 6%
- level 2 – 10%
Joining Sytrex Trade
Sytrex Trade affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $50 investment.
Sytrex Trade solicits investment in USD through Perfect Money, as well as various cryptocurrencies.
Sytrex Trade Conclusion
Sytrex Trade represents it generates external revenue through forex trading.
Using a unique strategy of the game in the stock markets, our specialists are guaranteed to bring profit to all our partners, so you can not worry about the safety of their funds, despite the potential level of risk of this type of investment.
Sytrex Trade provides no evidence of trading. Nor does it provide evidence of external revenue of any kind being used to pay withdrawal requests.
Furthermore Sytrex Trade’s business model fails the Ponzi logic test.
Anyone capable of generating a 200% ROI every 7 days isn’t giving you access for free. They aren’t giving you access for any price.
Someone capable of legitimately generating 200% every week would invest themselves, reinvest every week and soon become the richest person on the planet.
As it stands the only verifiable source of revenue entering Sytrex Trade is new investment.
Using new investment to pay ROI withdrawals makes Sytrex Trade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Sytrex Trade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.