Once I began researching this evaluate, FXTV International had a fully-functioning web site in Spanish.
Because it stands now FXTV International has restricted entry to their web site.
Guests to the FXTV’s web site are introduced with an affiliate login type. Public details about the corporate that was beforehand obtainable seems to have been deleted.
With that out of the way in which, right here’s what I used to be capable of put collectively.
FXTV International was co-founded by Daniel Grenon and unknown companions.
In FXTV International’s compensation plan Grenon is credited as FXTV International’s Chief Advertising Officer.
On the corporate’s official Fb web page nonetheless, Grenon is credited as a co-founder.
Daniel Grenon has a protracted historical past of participation and promotion of Ponzi schemes.
We first clocked Grenon again in 2016, in conjunction with the OneCoin Ponzi scheme.
Since then Grenon has fronted quite a few short-lived MLM Ponzi schemes, together with
Grenon has a behavior of working firms he’s concerned in from the shadows. FXTV International is not any totally different, with Silvia Franch cited as CEO.
A number of years again Franch was a distributor of 1Fashion International.
Extra not too long ago Franch has gotten concerned in cryptocurrency Ponzi schemes. Previous to FXTV International, Franch was selling Arbistar.
In line with Franch’s Fb profile, she’s based mostly out of De Mallorca, Spain. This ties into FXTV International’s web site showing natively in Spanish.
Daniel Grenon relies out of Quebec, Canada.
Learn on for a full evaluate of FXTV International’s MLM alternative.
FXTV International’s Merchandise
FXTV International markets a number of funding packages:
- Xtream 100 USD – $300 in charges plus funding
- Xream 250 USD – $750 in charges plus funding
- Xtream 500 USD – $1500 in charges plus funding
- Xtream 1000 USD – $3000 in charges plus funding
- Xtream 2000 USD – $6000 in charges plus funding
- Xtream 5000 USD – $15,000 in charges plus funding
- Xtream 10000 USD – $30,000 in charges plus funding
- Xtream 20000 USD – $60,000 in charges plus funding
- Xtream 30000 USD – $90,000 in charges plus funding
- Xtream 50000 USD – $150,000 in charges plus funding
All charges and investments inside FXTV International are paid in bitcoin. No minimal funding quantities are specified.
FXTV International funding packages every include restricted entry to pirate streaming content material.
After the bundled entry has expired, FXTV International sells continued entry for $12.99 a month per system.
FXTV International’s Compensation Plan
FXTV International associates make investments bitcoin on the promise of every day returns of as much as 10%.
Commissions are paid once they recruit different associates and traders who do the identical.
FXTV International Affiliate Ranks
There are eleven affiliate ranks inside FXTV International’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – signal as much as FXTV International, pay your charges and make investments
- Xtream One – generate $10,000 in amassed funding quantity and refer/recruit no less than two traders/affiliate traders
- Xtream Two – generate $40,000 in amassed funding quantity
- Xtream Three – generate $80,000 in amassed funding quantity
- Xtream 4 – generate $200,000 in amassed funding quantity
- Xtream Elite 5 – generate $500,000 in amassed funding quantity
- Xtream Elite 6 – generate $1,000,000 in amassed funding quantity
- Xtream Elite 7 – generate $2,000,000 in amassed funding quantity
- Xtream Elite 8 – generate $5,000,000 in amassed funding quantity
- Xtream Elite 9 – generate $10,000,000 in amassed funding quantity
- Co-Founder – generate $20,000,000 in amassed funding quantity
Word that funding quantity is counted as much as 20% from the stronger binary staff aspect and as much as 80% from the weaker aspect.
Direct Referral Commissions
FXTV International associates earn a ten% direct referral fee on bitcoin invested by personally recruited associates.
25% is paid on funding by personally referred traders (non-affiliates).
Residual Commissions (funding)
FXTV International pays residual commissions on funding by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary staff can develop.
On the finish of every week FXTV International tallies up new funding quantity on each side of the binary staff.
Associates are paid 6% to twenty% of funds invested on their weaker binary staff aspect.
- Xtream 100 USD associates earn 6% capped at $500 a day
- Xtream 250 USD associates earn 8% capped at $1000 a day
- Xtream 500 USD associates earn 10% capped at $2,000 a day
- Xtream 1000 USD associates earn 12% capped at $5000 a day
- Xtream 2000 USD associates earn 14% capped at $10,000 a day
- Xtream 5000 USD associates earn 16% capped at $15,000 a day
- Xtream 10000 USD associates earn 17% capped at $20,000 a day
- Xtream 20000 USD associates earn 18% capped at $30,000 a day
- Xtream 30000 USD associates earn 19% capped at $40,000 a day
- Xtream 50000 USD associates earn 20% capped at $50,000 a day
Word the above caps are every day. I consider which means that though residual commissions are calculated weekly, FXTV International retains monitor of latest funding on a every day bonus.
Residual Commissions (returns)
FXTV International pays residual commissions on returns paid to downline associates and personally referred traders.
Return residual commissions are paid by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
FXTV International pays a 5% returns residual fee down 5 unilevel staff ranges.
Word that personally referred traders are counted on degree 1 of the unilevel staff.
Co-Founder Bonus
FXTV International who qualify on the Co-Founder rank qualify for the Co-Founder Bonus.
The Co-Founder Bonus is made up of three% of company-wide funding quantity.
FXTV International pays the Co-Founder Bonus quarterly to all Co-Founder rank certified associates.
Rank Achievement Bonus
FXTV International rewards associates for qualifying on the Xtream One and better ranks as follows:
- qualify at Xtream One and obtain $500 price of bitcoin
- qualify at Xtream Two and obtain “a visit to Cancun”
- qualify at Xtream Three and obtain a Rolex watch
- qualify at Xtream 4 and obtain a “journey to Dubai”
- qualify at Xtream Elite 5 and obtain a Mercedes-Benz Class A automobile
- qualify at Xtream Elite 6 and obtain a Mercedes-Benz Class C automobile
- qualify at Xtream Elite 7 and obtain a Mercedes-Benz Class E automobile
- qualify at Xtream Elite 8 and obtain a Mercedes-Benz GLE Coupe automobile
- qualify at Xtream Elite 9 and obtain a Mercedes-Benz Class S automobile
- qualify at Xtream Co-Founder and obtain a McLaren 600LT automobile
Becoming a member of FXTV International
FXTV International affiliate membership is $25 plus funding in one of many firm’s provided packages:
Conclusion
FXTV International describes itself as “a FOREX brokerage agency”. The implication being that affiliate returns are generated by way of foreign currency trading.
In actuality, FXTV International is a continuation of the Ponzi schemes Daniel Grenon and Silvia Franch have connected themselves to.
FXTV International offers no proof of foreign currency trading income getting used to pay associates.
The corporate additionally fails to offer proof it has registered its passive funding alternative with monetary regulators.
This, at a minimal, means FXTV International, its administration and its associates are committing securities fraud.
The “buying and selling” MLM Ponzi mannequin sees returns paid out till new funding dries up.
The identical is true of referral commissions paid out, as these are additionally recycled invested funds.
Pay to play is one other crimson flag in FXTV International’s compensation plan, by the use of residual fee capping based mostly on funding.
And promoting streaming entry to pirated content material? Yep, that’s unlawful too.
Taking a step again from the plain fraud happening, FXTV International isn’t even an attractive Ponzi scheme.
I imply significantly, have a look at these charges.
Ship large quantities of bitcoin to serial-scammers to allow them to commerce foreign exchange for you by way of strategies unknown.
Positive factor guys.
But as ridiculous as that sounds, watch individuals line as much as lose their cash.
Don’t be one in all them.
Like all MLM Ponzi schemes, together with each single one Grenon and Franch have been concerned in, as soon as new funding dries up FXTV International will collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of traders lose cash.