ATMxNet supplies no info on its web site about who owns or runs the enterprise.
The corporate does present a UK company quantity, which corresponds to ATMXNET Restricted.
As per Corporations Home data, ATMXNET Restricted was integrated in Might 2017 and dissolved in October 2018.
The acknowledged motive for dissolving the corporate was obligatory strike-off.
Word that UK incorporation is dust low cost and for essentially the most half unregulated.
It’s a favored jurisdiction for scammers seeking to incorporate dodgy corporations.
ATMxNet’s web site area (“atmxnet.com”) was registered in Might 2017. Thomas Prince is registered because the proprietor, by means of a avenue tackle in London.
No info on Prince exists exterior of ATMxNet’s UK incorporation information. Whether or not he truly exists is unclear.
As all the time, if an MLM firm will not be overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
ATMxNet’s Merchandise
ATMxNet has no retailable services or products, with associates solely capable of market ATMxNet affiliate membership itself.
ATMxNet’s Compensation Plan
ATMxNet associates make investments funds on the promise of an marketed ROI.
- Fundamental Plan $10 to $500 – obtain a 2.2% each day ROI for 70 days
- Fundamental Plan $501 to $1000 – obtain a 2.3% each day ROI for 70 days
- Fundamental Plan $1001 to $3000 – obtain a 2.5% each day ROI for 70 days
- Customary Plan – $500 to $1000 – obtain a 3% each day ROI for 70 days
- Customary Plan $1001 to $2000 – obtain a 3.3% each day ROI for 70 days
- Customary Plan $2001 to $5000 – obtain a 3.4% each day ROI for 70 days
- Premium Plan – $1001 to $2000 – obtain a 150% ROI after 30 days
- Premium Plan – $2001 to $3000 – obtain a 160% ROI after 30 days
- Premium Plan – $3001 to $90,000 – obtain a 175% ROI after 30 days
ATMxNet pays referral commissions on invested funds down three ranges of recruitment:
- 5% on degree 1 (personally recruited associates
- 3% on degree 2 and
- 2% on degree 3
Becoming a member of ATMxNet
ATMxNet affiliate membership is free.
Full participation within the connected revenue alternative nevertheless requires a minimal $10 funding.
Conclusion
ATMxNet claims to generate exterior ROI income by way of “multi-currency buying and selling on Forex.”
Naturally no proof of buying and selling is supplied.
Moreover ATMxNet’s enterprise mannequin additionally fails the Ponzi the logic check.
If ATMxNet’s nameless house owners had been capable of persistently generate a 175% ROI each thirty days, why would they provide entry to that type of cash totally free?
Certainly the sensible factor to do could be to take a position their very own capital and retire because the richest folks on the planet after a couple of years?
With no verifiable supply of exterior ROI income, all ATMxNet can do is recycle newly invested funds to pay current traders.
That is in any other case often called a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as recruitment dies off so too will new funding.
It will starve ATMxNet of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of traders lose cash.