On its website, Vexam omits providing corporate ownership or executive details.
The domain name “vexam.com” for Vexam’s website was initially registered in 2002. On July 8th, 2022, the private registration was last updated.
This was at or close to the time that Vexam’s owner(s) obtained control of the domain.
According to SimilarWeb, the top countries sending traffic to Vexam’s website right now are Ukraine (7%), Indonesia (8%), Brazil (8%), and Russia (18%).
Exam asserts that it is “a UK incorporated business firm” to seem trustworthy.
An MLM firm that is based in the UK or that makes that claim should raise red flags.
The UK offers incredibly inexpensive and essentially unrestricted incorporation. Additionally, the FCA, the UK’s leading financial regulator, does not actively combat securities fraud associated with MLM.
As a result, scammers seeking to establish, run and publicize fictitious businesses frequently choose the UK as their preferred country.
Incorporation in the UK or registration with the FCA has no significance for MLM due diligence.
It’s noteworthy that Vexam uses JivoChat on its website for customer service. Scammers that operate in Russia and Ukraine frequently utilize JivoChat.
This is supported by the fact that the official Vexam marketing video is a CGI creation with robot voice dubbing:
Non-native English speakers usually collaborate on projects like this. This is further supported by the poor grammar in the movie and on Vexam’s website.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not transparent about who owns or runs it.
Products from Vexam
No retailable goods or services are offered by Exam.
The only thing affiliates may promote is Vexam affiliate membership.
The Compensation Plan for Exam
Affiliates of Vexam make investments with the hope of earning the promised return:
Investments between $25 and $4999 will yield a return of 220% over 30 days.
Vanguard offers a 40-day, 300% return on investments between $5,000 and $400,000
Down three tiers of recruiting, Vexam provides referral fees on invested monies (unilevel):
level 1 (affiliates that I directly recruited): 5%
2% at level 2, 1% at level 3.
Membership in the Vexam Vexam affiliate program is free.
The linked income opportunity requires a minimum commitment of $25 to be fully participated in.
Exam solicits investments in both multiple cryptocurrencies and USD through Perfect Money.
According to Vexam, it makes money through “auto trading on your assets.”
We provide automatic administration of your financial resources together with two investment programs with guaranteed returns.
Your financial resources will be carefully managed by our trading specialists, enabling you to generate a substantial passive income every day.
Vexam’s business model also fails the Ponzi logic test since there is no proof that outside income was utilized to cover withdrawals.
What does Vexam need your money for if its “trading gurus” are already consistently producing 5% per day?
The explanation is that trade does not occur. The only thing Vexam does is reuse freshly deposited money to pay withdrawals.
As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.
This will deprive Vexam of ROI income, leading to its eventual demise.
The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.