PayFundFX fails to offer possession or government info on its web site.
PayFundFX’s web site area (“payfundsfx.information”), was privately registered on September thirtieth, 2023.
The footer of PayFundFX’s web site is in every single place:
- regardless of solely current for just a few months, PayFundFX backdates its web site to 2018
- a bunch of textual content pertaining to Nexford Finance Group has been copy and pasted from one other web site
- the “Monetary Conduct Authority in Australia” is cited, an entity that doesn’t exist
- PayFundFX represents it’s primarily based out of “Sydney, Australia”
The one advertising and marketing video on PayFundFX’s official YouTube channel is inventory footage with robodub narration. That is typical of non-native English talking admins.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
PayFundFX’s Merchandise
PayFundFX has no retailable services or products.
Associates are solely in a position to market PayFundFX affiliate membership itself.
PayFundFX’s Compensation Plan
PayFundFX associates make investments USD equivalents in cryptocurrency.
That is achieved on the promise of marketed returns:
- Novice – make investments $500 to $1000 and obtain 10% a day for 10 days (not a typo on my finish however I consider it’s imagined to be “1% a day”)
- Starter – make investments $1000 to $2000 and obtain 1.5% a day for 10 days
- Bronze – make investments $2000 to $2500 and obtain 2% a day for 15 days
- Silver – make investments $3000 to $3500 and obtain 2.5% a day for 30 days
- Gold – make investments $6000 to $15,000 and obtain 3% a day for 10 days
PayFundFX pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 7%
- stage 2 – 2%
- stage 3 – 1%
Consultant ranked associates earn barely greater referral commissions:
- stage 1 – 8%
- stage 2 – 3%
- stage 3 – 1%
Particular Consultant rank qualification standards isn’t supplied. PayFundFX’s web site solely states
a consultant is an individual who helps new traders to grasp our platform and consults them in several questions.
Becoming a member of PayFundFX
PayFundFX affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $500 funding.
PayFundFX solicits funding in numerous cryptocurrencies.
PayFundFX Conclusion
PayFundFX represents it generates exterior income through numerous buying and selling ruses;
Commerce a wide range of devices together with FX, CFDs and commodities.
No verifiable proof of PayFundFX producing exterior income of any type is supplied. Moreover, PayFundFX’s enterprise mannequin fails the Ponzi logic take a look at.
If PayFundFX is already in a position to generate 3% a day by buying and selling, what do they want your cash for?
Because it stands the one verifiable income getting into PayFundFX is new funding.
Utilizing new funding to pay affiliate withdrawals would make PayFundFX a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve PayFundFX of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.