Venus FX Review: 480% ROI in 80 days?
There is no information on the Venus FX website indicating who owns or runs the business.
The Venus FX website domain (“venusfx.com”) was registered on the 6th of October 2015, however the domain registration is set to private.
On their website Venus FX website claim the company was
incorporated in New Zealand dated 11th December 2015.
It was registered as NZ Limited Company with NZ Business Number: 9429042102731
This record does exist, with Shahidrawadey Shahidan listed as the owner. The address provided is a virtual office address provided for $232 NZD ($161 USD) a year plus $29 NZD ($20 USD) a month.
This confirms that Venus FX exists in New Zealand in name only. Rather, the company appears to be run out of Malaysia:
Due to encouraging, responsive and positive feedbacks, VENUSFX decides to have a centre in Kuala Lumpur hence VENUSFX Malaysia Training Centre was established in January 2016.
VenusFX state their Malaysian center is ‘a meeting point among clients, prospects and the management‘. The presence of Venus FX “management” is indicative of a corporate headquarters.
UK corporate records meanwhile suggest Shahidrawadey Shahidan is Malaysian and lives in Malaysia.
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 Venus FX Product Line
Venus FX has no retailable products or services, with affiliates only able to market Venus FX affiliate membership itself.
The Venus FX Compensation Plan
The Venus FX compensation plan sees affiliates invest between $100 and $10,000 and recruit others who do the same.
Commissions are paid on affiliate recruitment, in addition to a 4% to 6% daily ROI for 80 days.
Recruitment Commissions
Venus FX affiliates sign up by investing between $100 to $10,000.
- $100
- $500
- $1000
- $3000
- $5000
- $10,000
Recruitment commissions are paid out at a rate of 25% of funds invested by a newly recruited affiliate.
Affiliates who don’t invest themselves are paid separate commissions down three levels of recruitment (unilevel):
- 30% on level 1 (personally recruited affiliates
- 20% on level 2
- 10% on level 3
Residual Recruitment Commissions
Residual recruitment commissions in Venus FX are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, with two positions directly under them.
These initial two positions form the start of a binary team, split into two sides (left and right):
Subsequent positions in the binary are generated via the creation of new levels, with each level housing double the positions of the previous level.
Theoretically a binary team can extend an infinite depth, with positions in a Venus FX binary team generated each time a new affiliate is recruited.
At the end of each day invested funds across both binary sides are tallied up. A Venus FX affiliate is then paid 10% of the invested volume on their weaker binary side.
Matched volume on both binary sides is flushed, with the process repeating itself the next day.
A daily cap on binary earnings is determined by how much a Venus FX affiliate invested when they signed up:
- invest $100 and earn up to $500 a day
- invest $500 and earn up to $1000 a day
- invest $1000 and earn up to $2000 a day
- invest $3000 or more and earn up to $3000 a day
Passive ROIs
Funds invested by Venus FX affiliates attract a 4% to 6% daily ROI for 80 days.
After 80 days Venus FX takes 30% of the total ROI and pays the affiliate the remaining 70%.
An affiliate can then re-invest or withdraw their earnings.
Referral commissions are available on ROIs earned by a Venus FX affiliate’s downline, paid out 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.
Venus FX cap payable unilevel levels at ten, with affiliates paid 1.5% of any ROIs earned by their unilevel team.
Joining Venus FX
Free Venus FX affiliates are only able to earn three levels of recruitment commissions.
Full access to the Venus FX income opportunity requires a minimum investment of between $100 and $10,000.
The amount a Venus FX affiliate invests directly impacts their earning potential through the Venus FX compensation plan.
Conclusion
The premise behind Venus FX’s ROIs is managed forex. No further details are provided and affiliates have no idea what is being invested in or where.
What we do know is that affiliate investment is the only verifiable source of revenue entering Venus FX.
We also know that Venus FX pay at least 25% of invested funds out as commissions, whilst claiming to generate a 320% to 480% ROI on the same invested funds in 80 days.
Does that sound remotely plausible to you?
Furthermore, if you were able to consistently generate 320% to 480% ROIs every 80 days, why not take a small loan from a bank and after a few years retire as the richest person in the world?
There’s a high probability Venus FX are running a Ponzi pyramid hybrid scheme. And most of the information available about the company supports this.
For starters there’s the New Zealand incorporation. There’s absolutely no legitimate reason for an MLM company based out of Malaysia to be incorporated in New Zealand with a virtual mailing address.
Then there’s Venus FX’s payment methods, IzziPay and bitcoin.
IzziPay is a hokey payment processor you’ve never heard of. It’s run by iGateway Limited, a shell company registered in New Zealand in December, 2015.
Venus FX’s Shahidrawadey Shahidan is listed as the sole Director of the company
A company with the same name was also incorporated by Shahidan in the UK on February, 2016.
Bitcoin is of course unregulated, which perfectly aligns with Venus FX’s purported forex activities.
So we’ve got a bunch of forex activity which may or may not be taking place, pie in the sky ROIs, pyramid scheme style recruitment commissions… and the same guy running the scheme has his own payment processor he uses to manage invested funds through.
Oh and everything is incorporated through offshore shell companies.
Sounds like a pretty solid money laundering operation to me…
I heard this venus created by ex fxunited guy, isit true.
Someone approached me with the plan, look very good and they said it was registered broker and have trading too. I am thanking to join. Pls advise.
If you think Venus FX are going to provide you with a 480% ROI after 80 days through legitimate means, there’s far easier ways to lose your money.
I received back my capital of USD1,000 in 36 days
– 36 days x USD28 = USD1,008
– then the remaining 44 days x USD28 = USD1,232 are profits
The investments are real … the profits are real too.
If you still trust your fav Banks (Ozedit: Offtopic derail attempts removed)
What you did was steal money from people who invested after you.
And not even that, you’ve got numbers on a screen… not actual money.
There’s nothing real about a 480% ROI after 80 days. If that was legitimate, the owners of Venus FX would take out a small loan and in a few years be the richest people on the planet.
The only things that are real is you’re participating in a Ponzi scheme and stealing from those who come after you.
so they get 80 days to pay you back your own money and then you go out and tell a few 100 people or the site does and they use their money to pay you the rest.
sounds simple yet when you multiply that a few 1000 times with the members it goes out of control.
Lets see how legitimate it becomes when they want to get money out that isn’t there.
Don’t fool yourself into thinking money games are real.
Venus FX is real. I invested about USD50K and almost reach in 2 months! Thanks
Is the money in your bank or in your back office ???
In November 2014 someone approach me to join fx united but I don’t believe n never invest.. i told him it is money game .. Then last month the guy came to me n told me he still making money.. N tell me he now invested in venus and doing good.. Better income.. Ask me to consider about that..
Hey guys, so here is my second-hand experience with Venus FX so far.
My friend invested 3,000USD around 3-4 weeks ago. She has been getting consistent 84USD a day for a 5 day trading week. She has recruited a few people, but can’t really be bothered doing a lot of recruiting; it’s not necessary.
She did receive her 25% sponsor bonus (of the amount the person invested), when she completed a binary pair she received the one-off payment of 10% (from the weaker investment); also the weekly Loyalty Bonus of 1.5% per level.
Now, none of us should agree on a guaranteed return, I like to think the only things I can guarantee in life, is death and taxes hahaha.
The 84USD is placed into what’s called your B-Wallet, which is basically just where your main ROI goes. You also have what’s called a T-Point (wallet), which is what you use if you wish to do your own live trading.
70% of your ROI goes to your B-Wallet, and 30% to your T-Point. This could be to stop you blowing all your money if you don’t know how to trade, or if you don’t live trade, like her, just use that to pay the 30% at the then end of the 80 days (which is 80 trading days, so around 4 months).
You can withdraw your funds from the B-Wallet on the 15th and the 30th of every month. She has withdrawn around 2000USD so far, and last I checked she had a bit over 3000USD (she recruited somebody who invested 10kUSD recently, so that bumped her up a bit).
And that is all I can really say for her at this time. If something happens, like she loses all her money, or anything major, I’ll be sure to let you guys know.
Now, I have another acquaintance who also invested into Venus FX, instead, he invested a whopping 10kUSD around 2 months ago. Currently, he is sitting on 150k in his B-Wallet.
He is a financial broker and is confident enough to live trade comfortably, though I do not know his profits. I don’t know much of his situation, thus I cannot say anymore.
At the end of the day, do not invest what you cannot afford to lose. This is not a long term money solution, with more players entering the market.
I don’t believe it is a Ponzi Scheme, as Ponzi’s rely on recruitment to work, as it is simply a redistribution of money rather than an actual investment.
Also, Ponzi’s do not allow you to trade or manage your own funds. Pyramid scheme…yeah, nah I can see how it would appear to be one. However, again, you do not need to recruit, my friend does not really recruit, and can happy get by on her own ROI from her investment.
There are people that trade in the millions of dollars in the Forex market, just look at George Soros, when he enters the market (only a couple of times a year I heard), everyone bails because shit is about to go down hahaha.
The minimum investment for Venus FX is 500USD I believe, and the maximum is 100kUSD so, you can’t really invest millions and become the richest person after a week. In fact, I don’t see you earning much more than 800-900kUSD a year as a maximum, not including the bonuses.
So, there you go guys, take my info with a grain of salt, don’t risk what you can’t afford to lose. I plan to invest 3,000USD soon and start learning how to live trade, because as I said earlier, I do not see this as a long-term endeavour.
Good luck and have fun.
P.S. Feel free to use any info I’ve said on other forums and sites, I don’t have a problem haha.
@Raju
Ask him for proof Venus FX has anything to do with forex trading. Specifically, a dollar for dollar audit on every cent he’s made in the opportunity tied to forex investment.
Otherwise he’s a Ponzi scammer. If you join you’ll be one too. Up to you if you’re comfortable with that.
getting paid regularly is not an indication of legitimacy.
if everyone stopped recruiting in venus fx, it would crash. venus fx appears to be a ponzi pyramid scheme, and the ponzi payout relies on the recruitment efforts of affiliates. recruiting may not be compulsory, but believe it, without recruitment no one will get any ponzi payout.
you can add ponzi pyramid schemes to your list. they are Guaranteed to Fail.
– Venusfx website FAQ copied from exness
– venusfx.com/main/f-a-q/
– exness.eu/faq/
– See the answer for “What licenses does venusfx have?” in faq page.
– Most of the info from About Us used from Octafx and Wikipedia.
There are few people started to complain can’t withdraw from izzipay. Izzipay is their own payment gateway which is accually their bank account.
Some still cannot get payment even after waiting more than 2 weeks.
Don’t be happy when you see can withdraw money to izzipay. It doesn’t mean you can withdraw to your own account.
Ponzi scheme start to collapse.
VenusFX return is 186.20% every 80days and NOT as written above 480%. Pease don’t write simply to get attraction from readers.
So far I already in 2nd clycle and I’m getting my return as VenusFX promised.
So, please STOP writting negative about VenusFX.
4% * 80 days = 320%
6% * 80 days = 480%
Congratulations on scamming people. What do you want, a cookie?
Facts are facts, and Venus FX is likely a Ponzi scheme. That’s only “negative” if you’re a scammer in the scheme looking to rip off more victims.
Request noted and filed under “A” as in:
“A” scammer hasn’t yet got back his stake in VenusFX and is worried the truth will prevent him from doing so”.
VenusFX withdrawal through their proxy site: izzipay.com facing problems already. Some people didn’t not get their “return” even after 2 weeks.
Scam at the verge of collapse
Yup, I know few person cannot withdraw from izzipay since 3 weeks ago. Those “upline” keeps quiet. Ponzi scheme collapsing hard.
Yeap i invested usd3k and its been 20 working days and izzipay as not credited my bank account.. Ponzi scam may be collapsing.
I invested in venus fx thinking wil get gd retuns but i feel im cheated bcos its already a month and i hav not got my returns frm izzipay.
my sponsors are giving all kind of excusses. my advise please do not invest in fx venus its a scam.
I saw few “uplines” in VenusFX highly stressed. Saw them “in fear” to answer calls.
Still saying that Izzipay have daily limitation and that’s is the reason delay in withdrawal processing. Some of them are waiting for almost 4 weeks.
Wonder if Izzipay do more transaction than Paypal or Skrill.
Seems a lot of “investors” and “up lines” will face hard reality soon. And really sorry to see that happening.
I invested 13,000 usd they told izzipay going on audit. so what to do in paying ,, scam still they giving f— story ,, the ib Vishnu told we r sleeping partner so keep quit.
You put $13,000 USD into this type of unknown scheme? That’s wasn’t a good idea was it?
Still intereated to see the aftermath of the scheme.
I am waiting for almost 1mth now but there are giving lame excuses of delaying the payment… I smell totally SCAM!
anyone tried wire transfer/bank transfer..
AC, as far as I know, there is no wire transfer/bank transfer.
Most of them withdraw using IB method and now Izzipay. Some people are stuck for more than a month without withdrawal clearance with both methods.
Some mentioned will opt for bitcoin withdrawal but no feedbacks yet. And VenusFX said bank had impose limits on their daily transactions.
Funny thing is, some still reinvest. Greedy people will never learn anyway.
Thanks for the response. And you are right, some will still reinvest.
“Gambling is a principle inherent in human nature.” – Edmund Burke
I did withdraw to company method and money is stuck for more than 5 weeks now. No proper response also.
Im sorry to hear tat.
Well… anyone and everyone…. do share if/when you do receive your money… so that we all know the outcome of this scheme.
now another problem. izzipay shows money paid. but its already 5 days money not credited to my account.
now this people in venus dont know where the money went to. now my sponser asking me to wiyhdraw through bit coin. im having hell of a problem with this venus fx.
Venus fx black list by bank negara malaysia.
Good Day, VenusFX had been blacklisted for quite sometime now by BNM. If anyone try to withdraw your deposit now, good luck in doing so.
As far as I know, some individuals on top range also facing withdrawal issue. They had be contacting, comment and discuss this withdrawal issues without any clear outcome.
The top management seems to promise to them this issues will be settle by end of August (another few days only). But if they had withdrawal problems for past few months, wonder how they will overcome it by another few days.
The facts are imminent. The company going to vaporize with all the deposited money.
The doomsday is almost here. Sit back and watch.
Madhavan, Izzipay is Venusfx proxy site. The site is only about 8 months old. My suspect is that site was created as a proxy site to hold withdrawal money and “VenusFX” have absolute control.
So, when mass withdrawal request were triggered, VenusFX will “release ” the deposit but still holding it under “IZZIPAY”.
Have you hear any reply from Izzipay? I heard that they never reply to any queries. And, VenusFX is answering on their behave.
Anyone know the latest outcome? I m also stuck with withdrawal delayed for more than a month and half thru Izzipay.
Previous withdrawal were smooth… Problem seems like started after Izzipay went on a week off during the Hari Raya holidays…
My upline says that Venus will resolve the issue by end of August… We will wait n see…
My downline investors are asking me why the payment was delaying. When i check with IB, they told me that the problem started from IZZIPAY after Raya.
Luckily most of my downline investers have got the payment twice except the new investers yet to receive payments. I am worried what will happen in future of venusfx.
Yeah, izzypay has ceased all withdrawals at the moment to clear it’s current pending withdrawals.
If you want to withdraw, you need to withdraw through company, but the minimum is $500 and you have to have at least $30 left in your wallet AND you can only do it on the 15th and 30th of every month….. basically like it used to be before izzypay fucked everything up.
Response from VenusFX:
Come on guys, obvious Ponzi collapse is obvious.
See ???
All that wasted time, effort and space eliminated by telling the truth.
yup, they’ve run out of money to payout.
fire in the ponzi, run run run…. only complete idiots will pay in anything anymore.
VENUSFX, May I know what happened to my izzipay account?
My withdrawal was on 13 and 14 July and all my friends had received their payment but I am the only one never received any payment from izzipay. Besides that even though I didn’t receive the money but the transaction status was shown “accepted”.
I’ve checked all my particulars and there are no mistake. I tried to contact someone responsible but no answer from them. I haven’t receive any payment for more than two months. Who and what should I do?
Please advise. Please reply me as soon as possible. Thank you.
The latest payment which I know is withdraw from izzipay on16July and received on 17/8/16.
Dear Sir,
Can i know why there is a sudden change of plan in Venus Fx?and why the payout has been reduced and when is this new binary is starting?
Because it’s a Ponzi scheme and they ran out of money.
Currently this ponzi ran out of money. So only selected individual still got payment to entice them to upgrade their account to premium.
Those premium investors still haven’t realized they are conned and still believe the numbers shown in the website.
Yes. As Evelyn mentioned:
So only selected individual still got payment to entice them to upgrade their account to premium
Heard VenusFX offer their top investors some lucrative returns. Some are asked to invest RM100k with promised returns of RM40k permonth. Yes, RM40k a month.
And this investor even signed the dotted line. Not sure if these guys are really morons blinded with greed.
crapypaddy…. i havent received my izzipay withdrawal since 2.8.16.
Cause they have the “extra” money to spare. They dont care if the money is gone, cause they are rich.
We the hell are you guys, barely living with a months salary investing in this stuff??
If your money is hard earned, try doing something like business or legal stuff. And when there is a problem, only the poor guys will talk alot. WHO ask you put dumb?
Because it is oversaturated. And its not for people who wants to invest $1000.
Having “extra money to spare” doesn’t justify you ripping people off in a Ponzi scheme.
Nah, it’s because it’s a Ponzi scheme that ran out of money and collapsed. 1+1 doesn’t equal 3.
any of you still waiting for izzipay of ROI paid by venusfx? i didnt see any of ROI today and the web is under maintanance.
thank God i only invest for 500. Menyasal
Dude no one cares about “ripping people off”. No one is going to come to cry with you when you lost your money in the Ponzi scheme or whatever.
You think if we report to Bank Negara, are they going to return our money?? CERTAINLY NOT!. Instead they will take it for themselves.
Come on Najib is the biggest con-man we know. So my advise is if you want to invest, try to have some backup for your self.
Dont complain if money gone. Dont put all eggs in one basket. FYI I just received my Izzipay money, pending from 9 July (almost 2 months after).
Certainly not net-winner scammers such as yourself.
That’s terrible advice. The best advice for Ponzi schemes is not to waste your time in them.
Unless you’re comfortable scamming people, you’ll just lose your money.
So your solution to scams is “participate in as many as possible, maybe some of them will pay”?
Now venus fx proved that they are wrong. I cant see any roi return in my account and the reply i get is they are upgrading their system.
Any advise on this matter? Thanks.
Don’t invest in Ponzi schemes.
FYI: Jason/Ming Tan was a shill and has been spam-binned.
why the izzipay pending for me? My friends all got their withdrawals already from 2 July. So late.
U are not alone dakabro…we r on the same boat…i still yet to receive from 13 July withdrawal request…no choice, we gotta wait…I heard it’s BNM regulation…my friend from another forex also is stuck with his payments for almost 4 months…
@Ray,
It is not BNM regulations problem. These guys are running ponzi scam and they will blame everyone to justify themselves.
Regulated forex broker deposits and withdrawal process are going without any problems. Only for whom associate with ponzi brokers are facing problems.
But all my other friends around 10+ of them got their withdrawals money which was pending for more than 3 months, only me havent got yet. If ponzi scheme they wont give money to anyone right? still confused tho
@NMH,
Any update on your Izzipay payment. Did u manage to contact them?
No, that’s not “right”
In the ponzi biz, they are called “selective payments”
The ponzi operator selects a few members to pay, knowing if there’s even a hope of being paid, it will keep everyone else quiet.
Usually, the members being paid are those who make the most noise and will boast about being paid on forums
when I ask them how come they get paid but not me they said they decline the current pending withdrawals and withdraw with a different way using something called bitcoin?
They got the money in 3 days. They say the izzipay servers are too small or packed and some peoples data got corrupted because of the heavy load.
I think thats my data. I cant do anything now but to wait. Anyone withe the same problem as me?
I emailed them and they said the usual
So, the problem is izzipay? Because I still get my ROI till this day from venusfx.
Dear All,
From what I have heard, IZZIPAY never reply a single question. So, how can a portal that handling millions can’t afford to answer a single question from clients.
Sometimes, VenusFX will answer on their behave. I am pretty sure both portal are run by same parties.
That is lame excuse I’ve ever heard. How much server cost compare to those profits. Thats just to encourage investor to upgrade/reinvest again their profit even before they actually get it.
Same person created IZZIPay and VenusFX. IZZIPay was created as an another layer so investor will feel happy they can withdraw from venusfx.
My izzipay payment on 14 july shows paid but till now money not in my acc.
now my sponsor suggest company withdrawl or bitx. anyone has tried tis method pls share.
Now VenusFX are busy promoting another scam from same person…FXTUNE.
They are targeting premium accounts to invest in FXTUNE with 1 year contract so they can lock in longer in this money game.
FYI, FXTune is also developed by same person. Even their website using same source code as VenusFX. Totally SCAM.
Our groups members withdrawal payment still not clear. Now IB’s leader also not replying. Clear SCAM!!!
why the website not found? I can’t log in my account?
The Izzipay website also suspended, why??
VenusFX website working here, Izzipay suspended.
Yesterday still managed to log in. Today can’t event find the website.
Yes, Heard VenusFX website accessible but account are suspended.
A simple search to Izzipay also revealed “Website Unavailable This website is currently suspended”. This is almost the final day of this scams.
Please guys, get your money before too late. Take necessary steps to get it back. Don’t let the company and IB’s steal your hard earn money.
Please lodge a complain to your nearest police station or to Bank Negara Malaysia, BNM
Bank Negara Malaysia communication channels:
Call: 1-300-88-5465 (1-300-88-LINK)
Fax: 03-2174 1515
SMS to 15888: BNM TANYA [your report / query]
Email: bnmtelelink@bnm.gov.my
yup today was unable to access the website, totally is scam, from the first day i joined i never get 1 cent of money back.
Dear sir
i cant open my venu fx profile form today morning.
please can i know that please do need full.
Hi,
You can download Venusfx from Playstore and should be able to access, if I am not wrong. I am able to access from it…
You can access it. But once login it will show account suspended.
Izzipay – account suspended. But, seems the website was taken down. That’s is not the way to run a multi-million transcation portal.
This is some of the updates circulating in their whatsapp group:
Important updates
A. WHY – PayOut Delay or Problem??
1. Company having shortage in cash flow in Malaysia account due to cash inflow transaction from New Zealand to Malaysia account are forced to reduce/limited.
2. Same issue with IZZIPay transaction. Company has decided to stop IZZIPay and those pending in IZZIPAY will be transfer back to Venus account B-Wallet latest by 15 September.
Note : The management has given assurance that this crisis is temporary and payout will resume as usual earlier. For that, they has come out with new plans.
B. Whats Next – Solution
1. Recovery Plan: Company requested the investor to continue to bring in new sign up to maintain the cash flow in Malaysia.
Currently we can’t access into venusfx because they are doing the refund process.
Please check their:
Clearly, they are taking about getting new investor and use their money to maintain cash flow. Which means, new investor money will be used to pay existing investors.
So people. Pls understand, this is a classic ponzi scheme. Pls do not recruit others. And look for ways to claim back your hard earned money that you and your fellow friends investor in this scheme.
Cash flow problems? New plans?
That’s a Ponzi collapse if ever I saw one.
Also they’re full of crap about refunds. The reason VenusFX has collapsed is they’ve run out of money. They don’t have money to refund investors.
You sure you cant access it? Check it again. I can access it now. It just was a 2 hour downtime.
Come on, if your gonna bullshit, please dont assume they ran away/closed website or something.
Wow, you still believe in Venusfx Ponzi scam ? Good luck.
@zorro
You claim that the Izzipay portal is accessible? Only down for 2 hours?
Did the return back your amounts back to venusfx wallet?
Did you really try izzipay.com link?
Come-on man, grow up.
If you are part of the scammers, time for you is limited. Challenge you to dump your saving plus all your family’s saving in VenusFX.
God bless.
Dear Friends, Here are things that floating through certain VenusFX whatsapp group:
This is the thing that float around. You can see they are promoting FXTune on the website. Try to lure people with “Only few Malaysians going to be part of this project”.
If you go to VenusFX site and scroll down there is a link to FXTune. Pls click that link and you will be here: venusfx.com/main/more-det.
SUPRISE, it shows page not found.
Try visit fxtune at fxtune.com, scroll down until you see “Company News” and “Currency Analysis”.
Both news are current until April 2015. Yes, 2015. They claim providing high quality services but event the news had not been updated.
Going further,pls check these links as well;
fxtune.com/author/admin/
fxtune.com/our-blog/
Both of that particular links are not updated at all. It is with dummy text. So, tell me that they are running a multi million forex business with a unfinished portal.
And, VenusFX is going to work hand in hand with them. So friends, think before you invest with anything related to this companies.
Do not fall to their sweet talks.
@zorro
are you sure is not scam???
when the time my account still running, I withdraw 5++ from my account wallet, but nothing show in my izzipay account and is deducted from wallet. Now the 5++ don’t know where had gone to.
Ya i did bitcoin withdrawl as well dont know whether can get the money or not bcos i jus copy paste the address given by bitcoin wallet but after tat i dont know wat to do.
Find the owner of VenusFx… & ask him back ur money.. show ur venusfx acct.
Real and reputable forex brokers do not go around begging and cheating in the name of prosperity and roadshows.
When are you people going to learn..
On monday,when i opened the venusfx account, i found the withdrawal with company found cancelled.
When i clicked the cancel the money automatically went B-wallet.I didnt know the system worked like this and i was not informed about the new system created by venusfx.
Then i called one of the venusfx investrs and asked him about the new system n he told me i should not clicked the cancell which i didnt know at all which i mentioned to him.
Furthermore i told him venusfx should inform or send circular regarding the changes in the system. I was very annoyed.
Then i asked him how about the withdrawal.Have to redo withdrawal on 30th sept16.I am in a big doubt whether we can get the money back or not.
Krish, sorry im just curious.
Have you check with your introducer or upline for any updates or info?
hi all, since today already 30/09/16, so need to do a withdraw money to company or have to wait for further notice?
Venus FX has collapsed. Your money is gone.
Yesterday there was a meeting in Seremban involving some top IBs. The “CEO” of Venusfx mentioned that they can’t guarantee exact date to return investor’s fund.
And they also keep promoting new premium scheme.
Suppose today is the last day for withdrawal as @stepstep mentioned but seems investor were not given clear picture.
The CEO promise to return the minimum invested amount in 3 payment start from October (33% OCT, 33% Nov and 33% Dec)
Maybe it’s a tactic to calm down investors. Seems almost same steps as been taken by FXUnited as well.
Dear so call investors. Please take some minutes to ponder about current situations. Why payment problems happen for both VenusFX and FXU. Out of hundreds Forex brokers out there only Brokers related to Malaysia site are facing problem. Both “based” on New Zealand and same modus operand.
Realize that both are Ponzi schemes. These guys are trying buying time before “disappear”. Both of them gave a 30 days to 90 days to settle payment problems.
Try google out there if any other broker are doing such a thing.
And, if you “investor” really lucky, these guys will pop up again after a couple of years with brand new “schemes”. And then you people can invest again.
Some Updates:
Dear all, we had an IB meeting yesterday in Seremban to conclude our action plan.
1. There are no updates from Wadey on what is happening in NZ and about the fund movement.
2. There are no clear indication that the company could pay the 1st 33% by end of this month.
3. We IBs have formed ourself as the action force team against the management and gave ourself up to 25th of this month prior to taking this issue drastically to the next level considering not to jeopardise the whole effort of waiting so far.
4. The company have clearly mis-managed the fund.
5. An amount of approx RM7.2million has been pumped in to Yayasan on the effort of getting BNM clearance and other certification. Basically got conned. Are trying our level best to recover that money.
6. Trading account balance in NZ shows only approx USD5.3million equity where the initial capital injected was only approx USD3million.
7. Total sales done for the company by Superkings team including us Billionairemind is more than USD100million.
8. Approx RM100million from our sales, is said to be siphon out to other MIBs group by Dato Sukri. No concrete prove yet unless we could get hold of Sukri and clarify this matter. He has gone missing and not responding since the recent leaders meeting.
9. Lastly, I’m glad that till today none of the leaders, especially those who made profits came forward to plan how to recover their members investment. The office which we all deposit our money is now closed with no proper notification and no proper reason during office hours and you guys are absolutely cool about it.
10. All the IBs are working around the clock to gather all necessary datas to take the right move at the right time.
11. Lastly for those who wants to hope for the best, let’s hope for the best. And for those who feels like the whole thing have overtook your patience and wants to take some action, kindly proceed. The gate is open, and we want everyone’s cooperation.
This is among some the message that circulating in VenusFX IB’s group. Clearly, VFX has come to an end. If you guys still believe that you will get back your investment, wish you all the best.
Better, if you all can get together and make a necessary report. Do not let these guys to enjoy your hard earn money.
it looks like our money has gone. Whatever they mentioned about the deposit refund is bullshit.
Now i am in a deepshit becos i dont know how to answer my downline guys, Please someone help me.
Yes Krish. It seems FXU had come to an end.
Here are some updates:
I suggest you and team member sit and discuss for further actions.
The people putting out these updates are either delusional, in denial or both.
You aren’t getting paid guys. There’s no money and the Ponzi has collapsed.
This is the part now where the lawyers start making their money.
Game over for the “investing” segment.
anyone can help me also? my upline he also said dont know what can do now…can anyone can update me the latest info and what can I do now?
You’ve been scammed. Pending action by Malaysian authorities (don’t hold your breath), about all you can do is accept your money is gone.
Popcorn time.
But I pity to see those low income investor who invested their savings based on empty promises.
Here are some news that floating around in one of the Venus FX group:
^^ Y’all don’t seem to grasp how a Ponzi scheme actually works…
Go oooon take the money and run! Doo dooo!
Some updates:
The office bearers of RATE COMMITTEE has been formed today.
The committe has decided that the company is not going to honor their promises. We as RATE Committee have decided to take action via law enforcement.
They have decided that we are not going to wait for the owners anymore. We are going to engage criminal lawyer to act on behalf of all of us. A petition will be send out to all investers to sign for the engagement of lawyer next week via email.
Those who sign the petition will have the laywer to act on your behalf to recover as much of your capital from venusfx company.
Just back from RATE meeting in Seremban.
Conclusion.
1. Form RATE team with election from 88 members.
2. They explain the chronology of the event took since July.
3. RATE team will file a case to police and will appoint lawyer.
4. By next week most of the members will receive email for us to acknowledge and agreed to allow the lawyer to act on behalf of us.
How do I get in touch with the RATE group?
@Venus victim seremban
Currently I have no idea how to contact them. Will try to find it out.
On 02/11/2016, Mr Shahidrawadey bin Shahidan had made a police report to indicate that VenusFX have no motive to cheat their 30,000 investors.
Furthermore, he had given details to call him directly or one of his assistance.
Not sure if I can publish their ID dan phone number here. So, if Admin allowed it, I will post their phone numbers and IC numbers as well.
Not sure if can upload the copy of Police report made by Mr. Shahidrawadey. It is in Bahasa Malaysia.
I don’t see revealing his or his assitant’s phone number is anything wrong as I see the key persons contact numbers for other ponzi schemes on FaceBook.
If there is a FB page for VenusFX it can also be posted there as the intention is to help investors get out of the ponzi scheme and recover their money wherever possible – unless I am wrong about this blog.
@Concerned
You are wrong about this blog.
Oz I believe the blog was about warning people about the risks on the business model and also to avoid and shut down this scam.
Unfortunately some saw this blog after they were deep in it and now any information like details from Jason Benedict of the RATE team details and contact numbers and also that of the key promoter details [full name, IC, home address etc] to lodge police reports will be helpful to investors and in my opinion he should be allowed to share it here with investors who want to move forward and also make the police reports which can bring this scam to closure.
Nope. Not going there.
Can you then kindly please suggest how can Venus Victim Seremban [VVS] get any of the information required from Jason Bendict.
Some suggestion or solution from your kindself will be really helpful for the persons concerned rather than “Nope” as I am sure in your heart the intention is to assist in some way for the persons to move forward.
Just echoing my thoughts for your consideration as I am sure Jason wants to help VVS.
Useless as they are, your best bet is the Malaysian authorities.
To everyone that has gotten burnt on all these FX platforms… STOP putting your money in any scheme that involves a ‘middle man’/IB.
No matter how great the returns are, your capital will never be hundred percent safe. At anytime in the future the ‘middle man’ could run away, close down, disappear, etc.. as in the case of VenusFX, FXUnited, and so many more out there.
Call it money games, call it ponzi, call it anything you like, the final outcome will always be the same. You risk loosing your capital. And worse still, your reputation if you promoted it to friends and family.
A better choice would be to put your capital directly in a broker bank account, and have professional FX traders trade your account.
Your money will always be safe in a bank account and only you have the authority to withdraw or top up. Better still, you can monitor all FX trades on your account at anytime.
Capital assurance and full transparency. That is the way to do it.
To everyone that has gotten burnt on all these FX platforms… STOP putting your money in any scheme that involves a ‘middle man’/IB.
No matter how great the returns are, your capital will never be hundred percent safe. At anytime in the future the ‘middle man’ could run away, close down, disappear, etc.. as in the case of VenusFX, FXUnited, and so many more out there.
Call it money games, call it ponzi, call it anything you like, the final outcome will always be the same. You risk loosing your capital. And worse still, your reputation if you promoted it to friends and family.
A better choice would be to put your capital directly in a broker bank account, and have professional FX traders trade your account.
Your money will always be safe in a bank account and only you have the authority to withdraw or top up. Better still, you can monitor all FX trades on your account at anytime.
Capital assurance and full transparency. This is the way to do it.
Here’s the latest news on VenusFX guys.
They have been taken down by the Malaysian cops..
thestar.com.my/news/nation/2017/03/29/venusfx-forex-scammers-swindle-rm80mil-from-23000-victims
Finally, Malaysian Police did act on VenusFX.
Thanks for the heads up guys.