On its website, MarfinFX says nothing about who owns or runs the business.
The domain name for MarfFinFX’s website, “marffinfx.com,” was registered privately on June 18, 2021.
MarfinFX says it has been around since January 2020, but it has only been around for a few months.
To make Wardham LTD look legit, MarfinFX gives it a UK incorporation number.
A red flag is an MLM company that is based in the UK or says it is.
In the UK, forming a company is very cheap and isn’t regulated at all. On top of that, the FCA, which is the UK’s top financial regulator, doesn’t do much to stop securities fraud related to MLMs.
Because of this, the UK is a popular place for scammers to start, run, and promote fake businesses.
Incorporation in the UK or registration with the FCA doesn’t mean anything when it comes to MLM due diligence.
MarfinFX also lies about being based in the UK in their website FAQ.
Is Marfinfx registered with the government?
Marfinfx ltd is registered with the government. It’s a Greek investment company that’s on the stock market, and it’s based in Cyprus.
At the moment, the shares of the company are traded on the Athens Stock Exchange.
This looks like an attempt to steal from Marfin Investment Group Holdings (dba Marfin Investment Group), a company in Greece that has nothing to do with this.
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
The Products of MarfinFX
MarfinFX has no products or services that can be sold.
Affiliates of MarfinFX can only sell MarfinFX affiliate memberships.
The way MarfinFX pays its employees
Affiliates of MarfinFX invest in cryptocurrency because they are promised returns.
Plan A: Invest $100 to $19,000 and get 1.6% to 2.2% a day for 10 days (116% to 122%).
Plan B: Invest $20,000 to $49,000 and get 2.3% to 2.8% a day for 20 days (146% to 156%).
Plan C: Invest between $50,000 and $79,000 and get between 2.9% and 3.5% back every day for 30 days (187% to 205% total).
Plan D: Invest $80,000 to $100,000 and get 3.6% to 4% a day for 50 days (280% to 300%).
Even though the amounts above are listed in US dollars, MarfinFX also accepts bitcoin and Ethereum as investments.
Also, keep in mind that MarfinFX charges a 3% fee on all withdrawals.
The MLM part of MarfinFX pays people who bring in other investors as affiliates.
MarfinFX gives referral commissions to the first three people who sign up because of the referral.
level 1 (affiliates you recruited): 7% level 2: 4% level 3: 2%
On level 1, Global Representatives earn 10%, on level 2, they earn 6%, and on level 3, they earn 4%.
Note that MarfinFX does not provide Global Representative qualification criteria.
Getting into MarfinFX
Joining as a MarfinFX affiliate is free.
To fully take part in the attached income opportunity, you must invest at least $100.
MarfinFX looks for people who want to invest in bitcoin and Ethereum.
MarfinFX says that its trading platform is the “best.” So, MarfinFX says it makes money from outside sources like the usual suspects:
There is no proof that any of these things are done by MarfinFX. There is no evidence that MarfinFX makes any money from outside sources.
Even if MarfinFX could make 4% a day, they wouldn’t need the public to invest in them.
At the moment, new investments are the only thing that can be proven to bring money into MarfinFX.
MarfinFX is a Ponzi scheme because they use the new money to pay affiliates a daily return.
MarfinFX is not only running a Ponzi scheme, but it is also lying about securities.
MarfinFX doesn’t show any proof that it has registered with the government. Instead, it uses the name of a company that has nothing to do with it. It seems to have stolen that name.
As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.
This will stop MarfinFX from getting money from ROI, which will eventually cause it to fail.
The math behind Ponzi schemes makes it certain that when they fail, most people who took part will lose money.