FX Farms supplies no info on their web site about who owns or runs the enterprise.
An handle within the UK is supplied on FX Farms web site. Additional analysis reveals the handle belongs to digital workplace supplier Regus.
Advertising and marketing movies on FX Farms’ web site characteristic Fivver actors.
The above instance is from Fx Farms’ official enterprise presentation video.
I wasn’t capable of lock down the place FX Farms’ pretend founder and CEO had been employed from, however right here’s their inexperienced display screen scripted video on your viewing pleasure:
Replace seventeenth December 2020 – FXFarms has deleted its YouTube channel and pulled its web site offline. /finish replace
On the time of publication Alexa ranks the US as the highest supply of visitors to FX Farms’ web site (60%).
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
FX Farms’ Merchandise
FX Farms has no retailable services or products, with associates solely capable of market FX Farms affiliate membership itself.
FX Farms’ Compensation Plan
FX Farms associates make investments funds on the promise of marketed returns:
- Base – make investments $25 to $1500 and obtain 1.5% a day for 140 days
- Dealer – make investments $1501 to $10,000 and obtain 1.65% a day for 150 days
- Lead – make investments $10,001 to $25,000 and obtain 1.85% a day for 170 days
- Eagle – make investments $25,100 to $55,000 and obtain 2.1% a day for 185 days
- President – make investments $55,500 or extra and obtain 2.45% a day for 205 days
Direct Referral Commissions
FX Farms pays referral commissions on funds invested by personally recruited associates.
Referral fee charges are dictated by how a lot an FX Farms affiliate has themselves invested:
- Base to Lead tier associates obtain a 5% referral fee fee
- Eagle tier associates obtain a 6% referral fee fee
- President tier associates obtain a 7% referral fee fee
Residual Commissions
FX Farms pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are crammed by way of direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary group can develop.
On the finish of every day FX Farms tallies up new funding quantity on each side of the binary group.
Associates are paid 10% of funds matched on each side, capped day by day based mostly on how a lot they’ve invested:
- Base and Dealer tier associates are capped at $1000
- Lead tier associates are capped at $1500
- Eagle tier associates are capped at $3500
- President tier associates are capped at $5500
After funds have been paid out on they’re flushed from each side. Leftover funds on the stronger binary facet carry over.
Rank Achievement Bonus
FX Farms rewards associates who qualify for any of their seven affiliate ranks:
- Chief (generate $35,000 in funding quantity on each side of the binary group) – “$300 vouchers”
- Achiever (generate $70,000 in funding quantity on each side of the binary group) – an Apple 11 Professional and “$600 vouchers”
- Skilled (generate $111,000 in funding quantity on each side of the binary group) – an Apple MacBook and “$1000 vouchers”
- Diamond (generate $155,550 in funding quantity on each side of the binary group) – “$1500 vouchers”
- Legend (generate $222,200 in funding quantity on each side of the binary group) – a “watch” and $2000 vouchers”
- Elite (generate $444,000 in funding quantity on each side of the binary group) – a “sports activities bike” and “$3500 vouchers”
- VIP (generate $666,666 in funding quantity on each side of the binary group) – a “automotive”, an iPad and “$4500 vouchers”
Every rank additionally has an related money proportion. What this money proportion pertains to nonetheless isn’t defined in FX Farms’ compensation documentation.
Royalty Bonus
FX Farms’ compensation plan refers to a Royalty Bonus, nonetheless no specifics are supplied.
- Lead tier associates qualify for a 0.5% Royalty Bonus
- Eagle tier associates qualify for a 0.75% Royalty Bonus
- President tier associates qualify for a 1% Royalty Bonus
My greatest guess is these are bonus swimming pools put aside from company-wide funding quantity.
Becoming a member of FX Farms
FX Farms affiliate membership is tied to a minimal $25 funding.
The extra an affiliate invests the upper their revenue potential by way of FX Farms’ compensation plan.
Conclusion
FX Farms’ passive funding alternative constitutes a safety.
On their web site FAQ, FX Farms states:
Is Fx Farms Legally Registered?
Sure we’re globally licensed In United States of America & United Kingdom and our development is in lots of components of world.
Securities within the US and UK are regulated by the SEC and FCA respectively.
FX Farms is just not registered with both the SEC or FCA.
Which means that the corporate operates illegally in each nations. The US is of major significance, because it at the moment generates 60% of FX Farms’ web site visitors.
The one motive a passive funding alternative MLM wouldn’t register to function legally is that if they aren’t doing what they are saying they’re.
Within the case of FX Farms, the corporate represents it generates exterior income by way of foreign currency trading.
We’re providing a sophisticated and extra worthwhile foreign currency trading platform that ensures most buyer satisfaction.
No proof of foreign currency trading income getting used to really pay associates supplied.
Moreover FX Farms’ enterprise mannequin fails the Ponzi logic check.
If the corporate’s nameless house owners had been able to legitimately producing a constant 2.45% a day, why share that for as little as $25?
By compounding at 2.45% a day, even a modest quantity will flip right into a fortune comparatively shortly.
The solely verifiable income getting into FX Farms is new funding.
Utilizing new funding to pay associates a 2.45% day by day ROI makes FX Farms a Ponzi scheme.
As with all Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve FX Farms of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of individuals lose cash.
Replace eighth November 2020 – FX Farms is probably going on the breaking point. The corporate has just lately put collectively FXFGold, a clone Ponzi scheme with new actors.
On the time of publication FXFGold is being hosted on a subdomain off FX Farm’s web site. Funding particulars haven’t been made public.
Replace seventeenth December 2020 – FX Farms’ collapse seems to be full. The corporate has deleted their YouTube channel and pulled their web site offline.