So, we’ll explain what AETOS is and whether or not it’s operating legally in this post.

What is AETOS?

AETOS Group is a one-stop worldwide investment services broker for individual and institutional customers that was established in Australia in 2007.

Leo Cui is the Managing Director of the AETOS Group. It is a global investment ecosystem designed with cutting-edge financial technology that focuses on fair, effective, and intelligent services that enable investors to trade online at various levels.

The variety of trading instruments that AETOS provides its clients with includes forex, precious metals, indices, commodities, and equities. AETOS is known as the “most trusted FOREX broker in Asia” and has won numerous awards on a global scale.

Despite all of this history and reputation, AETOS consumers continue to criticize the company and level various accusations against them. The internet is inundated with AETOS complaints. We provide you with a general summary of the complaints that users have been filing as a result.

Read: Majestic Track Review

AESTOS Withdrawal Issues

The main problem with all the complaints was that the users were unable to withdraw their money.

Some users claimed they could only withdraw smaller amounts and not larger ones, while others claimed they were completely unable to do so. Some claimed that IB entered and diluted all of the users’ accounts, while others categorically labeled AETOS as a hoax.

We are unable to render a verdict on AETOS due to its positive track record and the presence of green flags in the industry; also, more people have given it positive reviews than negative ones.

Read: Infinitypi.io Review

AESTOS Review

Although we cannot predict judgment about the AETOS Group, we can highlight some of the positives and negatives of the company.

Take a look at the below table in order to get an insight about the AETOS Forex Broker.

As you can see, there are significantly fewer negatives than positives for the company, indicating that it is also running a genuine business.

Our final observation on the excessive volume of user complaints about AETOS is that there may be a malfunction in their operations causing the problems you are experiencing.

Given that the majority of the complaints date back quite some time, we assume that AETOS has already addressed them. If not, you should keep in touch with their customer service team and wait patiently for a response or a full resolution to your problem.

Also, avoid further deposits in case of pending withdrawals and take steps at your own risk.

Read: $6400 Health Subsidy Scam

The post AETOS Withdrawal Issue: Legit Broker or Scam? appeared first on Even Insight.

In this post, we are going to review ASFX and inform you about its legitimacy.

What is ASFX?

ASFX is a trading platform that provides educational assets on trading. It allows you to trade in several sectors such as Forex, Stocks, energies, metals, and cryptos.

ASFX also has an IB program in which you can earn rewards or commissions through referring services of ASFX to new clients.

There is no information available about the founder of ASFX and its headquarters is situated in London, United Kingdom.

According to WHOIS, ASFX’s domain was last updated on May 2023, as per WHOIS.

Read: Wisemarket Review

Website Profile

Read: Maximus Human Services Scam

ASFX Review

ASFX located itself in London and shared the company registration number in the site footer. But it has not provided the details about its operators.

ASFX claims to provide trading education and tools like MetaTrader 5 for Windows and mobile.

We found mixed reviews about ASFX, hence there are many pros and cons.

We highly recommend investigating thoroughly before choosing your trading platform. Read guidelines from the financial authority of your jurisdictions.

Read: Ergo Partners Review

FAQs

Read: DSW Outlets Scam

The post ASFX Review: Legit or Another Scam? appeared first on Even Insight.

In this post, we will review Avadhut Sathe Trading Academy (ASTA) and find out whether it is real or fake.

What is Avadhut Sathe?

Avadhut Sathe Trading Academy (ASTA) is a trading education and training company located in Mumbai. The academy domain avadhutsathe.com has over 150k monthly traffic, as per similar web data.

Avadhut Sathe Academy was started in February 2008 by ‘Avadhut Sathe‘. It is located in Mulund Dd Road, Mumbai, and has its centers in more than 8 cities in India.

The academy offers various courses and modules covering different aspects of trading, such as candlestick patterns, chart analysis, money management, and risk management.

The academy claims to use a combination of theoretical and practical approaches, enabling students to apply the concepts learned in real-life trading scenarios.

Read: Viraj Patil Biography

Avadhut Sathe Review

Avadhut Sathe has received both positive and negative reviews from customers.

Some customers have found the training provided to be very beneficial, with good results, while others have raised concerns about the cost and value of the courses. Let’s do an unbiased review with complete details of all the aspects of ASTA.

1. High Fees

However, some negative reviews on Quora claim that ASTA charges exorbitant fees (starting from 76k+ ) for basic trading knowledge that is readily available on free resources like YouTube.

Some students have also reported feeling trapped and pressured to enroll in higher-priced courses after completing their initial course.

2. User Review

A user on Quora claims that he has completed all four modules of the full geo course (SMM, PAPA, FOME, GUE), but he thinks that the course doesn’t worth it.

Unfortunately, Avadhut Sathe is running a trap – once you have completed his geo course, they will emotionally and mentally pressure you to sign up for additional courses like Geo Plus (costing 2.5 Lac), mentorship (7-8 Lac), Geo Panoramic, and now Aarambh.

Every month, they launch new courses and talk about their long-term goal of starting their own university, which is all bogus. Avadhut Sathe is more of a trainer than a trader and is earning significant amounts of money through training alone.

3. Paid Seminars

The academy claims that they have over 1,80,000 participants from 545+ cities and 21+ countries. The Academy conduct paid Seminars (Eye Opener ) through India, which costs around Rs590. It can be a good thing for the user to understand better about the courses.

Many users claim that the seminar provides only fake motivation and shallow content. There is no enlightening material presented and the sole purpose of these seminars is to entice attendees into purchasing their course.

4. Spam Reviews

Almost of the reviews on this Quora question were posted specifically on a very close date of January 11th or 12th. It’s peculiar that the majority of positive reviews were all posted on the same day.

Additionally, every individual who responded to these questions on the specified date (11/12 January) has solely utilized Quora to answer this one question, and they have no other activity on Quora.

This is a major red flag about the academy that they’re spamming Quora and other social media platforms for positive reviews.

5. Blatant Advertising

Avadhut Sathe gained immense popularity through promotion on YouTube and other social media platforms.

In a video, he claimed a 12 years kid made 1.8 Lakh in 2 days after joining his courses. Now these advertising labeled marketing gimmicks by netizens, but we can’t expect similar returns on every investment.

It is crucial to understand fundamentals before any kind of investment, else blind greed has caused loss to most.

Read: Bitonite Review

Is Avadhut Sathe Real or Fake?

Despite these concerns, many students have provided glowing testimonials on the academy’s website and YouTube channel, claiming that the courses have helped them become more profitable traders and have provided them with a good foundation in trading knowledge.

The positive reviews seem to be mostly on the academy’s website and YouTube channel, while negative reviews appear on third-party websites.

However, the cost of the courses is a significant concern, and the academy’s marketing strategies have raised questions about the validity of the positive reviews. It is recommended that students take a closer look on the above points and then decide whether to join the academy or not.

Read: BeautyCounter Review

The post Is Avadhut Sathe Trading Course Legit? Honest Review appeared first on Even Insight.

Quick Facts

• IM Mastery Academy operates through MLM and provides courses and trading signals for forex and crypto trading.
• The founder of the company has been sued for securities fraud in the past.
• IM Mastery Academy is not a securities fraud, it can still be considered a pyramid scheme due to its pricing structure and vagueness.

With the tagline “we educate, we empower and we enrich” IM Mastery claims to be an educational platform educating people worldwide about Forex Market.

IM Mastery Academy is different from the usual Forex-MLM.

This multi-level marketing company offers multiple academy selections as per the wish of the user.

In this post, we will share the in-depth review of IM Academy followed by the IM Mastery Compensation Plan and lastly, the answer to the question is IM Mastery a Pyramid Scheme?

IM Mastery Academy

Founder	Christopher Terry, Isis De La Torre
When Started	October 14, 2019
Head Office	New York
Opportunity Type	Forex MLM
Products	Online Services and Courses
Website	im.academy
Joining Cost	$184.95

IM Academy Full Overview

In 2013, iMarketsLive was launched by Christopher Terry.

iMarketsLive securities offered auto trading that was illegal and discontinued later in March 2018.

A lot of controversies were faced by iMarketsLive. After investigating, CFTC (Commodity Futures Trading Commission) settled matter for $1,50,000.

On September 14, 2019, at the Dallas convention, Terry made an announcement regarding rebranding iMarketsLive as IM Mastery.

Christopher Terry and Isis De La Torre are seen as the founder of IM Mastery.

Alexa stats shows that majority of traffic to im.academy is from the United States (38%), Venezuela (8%), and Dominican Republic (7%).

As per Businessforhome.org, Its annual revenue in 2020 was $450 Million which is remarkable for a service-based MLM.

IM Mastery claims to do CSR activities in the areas of saving children, financial literacy, animal protection and avoiding human trafficking.

Read: doTERRA Review

IM Academy Products

IM Mastery features 11 Forex and cryptocurrency-themed products as follows:

Read: Crowd1 Review

Joining IM Academy

Joining IM Mastery is a simple process where one needs to register as an affiliate (IBO) by paying enrollment fees for one of the following courses.

ELITE: The enrollment fee is $324.94 and monthly $274.95. It provides full access to FRX, HFX and DCX academics with goLive mentorship.

FRX: The enrollment fee is $184.95 and monthly $174.95. It provides full access to FRX academy, goLive mentorship, strategies and knowledge of foreign exchange markets.

HFX: The enrollment fee is $184.95 and monthly $174.95. It provides full access to HFX academy, goLive mentorship and strategies to understand high-frequency, fast-paced markets.

DCX: The enrollment fee is $184.95 and monthly $174.95. It provides full access to DCX academy, goLive mentorship and strategies to master the digital currency.

ECX: The enrollment fee is $184.95 and monthly $174.95. It is designed for everyone, especially one who is new to eCommerce. It allows to create stores, and sell products without having any inventory.

TLX: The enrollment fee is $234.95 and monthly $174.95. It is designed for travel and lifestyle discounts.

Read: Total Life Changes Review

The 11 Affiliate Ranks are decided based on the downline subscribers and generated GV.

IM Academy Affiliate Ranks

In this post, GV stands for Group Volume i.e. sales volume of sales made to retail customers or affiliates.

The subscribers are retail customers or recruited affiliates.

Read: iGenius Review

IM Academy Compensation Plan

As per the compensation plan, the affiliates can earn through Fast Start Level 1 and Residual Income.

1. Fast Start Level 1 Earning

All the Fast Start Level 1 Earning is for Platinum 5000 and below ranks IBO.

When your direct referral purchases any of the packages, you get the one-time commission as follows.

• FRX: $25
• HFX: $25
• DCX: $25
• ELITE: $50

If you sell the FRX package to someone, you will receive $25 as Fast Start Level 1 commission.

2. Residual Income

The Residual Income is based on the number of personally referred affiliates and self Platinum rank.

For example, when an IBO is at the Platinum 150 rank than on 3 referrals, IBO gets $37.50 weekly commission.

Read: VeloVita Review

IM Academy Review

IM Mastery Academy MLM operates in the following 3 steps.

1. Buy a course package and start learning.
2. Refer course to other for commission.
3. Do personal trading on the signals from IM Academy.

Now the questions are,

• is it worth joining IM Mastery Academy?
• is IM Mastery a Pyramid Scheme?

Here are a few things to highlight.

The founder of IM Market Academy has been already sued for securities fraud with the early venture iMarketsLive.

Even after promoters create a positive image of founder Christopher Terry, I am sceptical about him and his agenda behind starting IM Mastery Academy.

Is IM Academy a Scam?

IM Mastery’s business model kept it in the grey area. As it only provides signals/tips to members and not the investment services, hence it can’t be considered securities fraud.

Most forex MLM and crypto-MLM scams claim to use bots and algorithms to provide guaranteed returns. But here, the money of members is in their hands and they just have to follow regular tips from this company.

Pyramid Scheme Model

As it is not a collective investment scheme or like Ponzi schemes promising fixed return on investment.

Still, I assume it is a Pyramid Scheme.

The obvious reason behind this is the pricing of courses. At present, you can learn everything for free on the Internet.

Trading is learned through practice. Instead, you can use course fees for the first few trades. Moreover, some top educators provide professional courses at much cheaper rates.

Trading signals always have some uncertainty and are not 100% accurate.

IM Mastery Academy got popularized due to its compensation plan and actual course worth is much low. So for just commission don’t promote anything.

Overall, for learning and earning profit from trading, you don’t need to involve in a platform like IM Mastery Academy.

MLM and especially service-based MLM has always remained in question. IM Mastery Academy has vagueness. It can collapse any day or get shut down by regulators.

Read: Scentsy Review

The post IM Academy Review: Legit or Pyramid Scheme Scam? appeared first on Even Insight.

Quick Facts

• My Forex Funds has disclosed crucial details on its website and provide customer support.
• Some users have reported withdrawal issues, with difficulty accessing accounts or funds not being paid due to targets not being met.
• Slippage has also been a problem, affecting traders’ ability to meet targets.

My Forex Funds is a proprietary (prop) trading firm. It markets itself with the quote “Our Capital. Your Expertise.”

MyForexFunds.com works with the tagline “Your Success is Our Business”.

This post is going to be an impartial My Forex Funds review. Here we will go through different aspects, such as My Forex Funds Rules, Company Profile, Trading Accounts, Referral Bonus, My Forex Funds Vs FTMO and followed by our personal opinion on it.

You will also get an answer to the question: Should I join My Forex Funds?

My Forex Funds

Founder	Murtuza Kazmi
When Started	2020
Head Office	Toronto, Canada
Products	Trading Account Memberships
Website	Myforexfunds.com
Joining Cost	$99

What is My Forex Funds?

My Forex Funds, MFF is a proprietary trading firm. A proprietary firm is the one that allows users to deal in forex with the company’s capital, i.e. you can do trading on funds of MFF and earn profit.

MFF is started in the year 2020 in Toronto, Canada by Murtuza Kazmi (CEO). The company headquarters is still located in Toronto, Canada.

MFF’s official website is operated by Traders Global Group Incorporated.

At first, it started with only one account type: Rapid Account. Later it added two more trading account types: Evaluation Account and Accelerated Account.

My Forex Funds allows users to trade through the electronic trading platform Meta Trader. It claims to support both MT4 and MT5.

According to Similarweb.com, major traffic to myforexfunds.com is from the USA (15.21%), Vietnam (5.77%), Nigeria (4.79%), Spain (4.17%) and UK (3.87%).  

As of now when the post is written, the company has 1,80,000+ active traders from 150+ countries.

Read: Juicy Fields Review

Joining My Forex Funds

It takes a few easy steps to join My Forex Funds. Depending on the experience level, you need to select the appropriate trading account type from the following:

1. Rapid Trading Account

The rapid trading account is for users who have zero or minimal experience in trading. In this type of account, the traders can trade from the demo account and earn profit bonuses in their real account.

Depending on the type of plan you select the registration fee ranges from $99 to $749.

2. Evaluation Trading Account

This type of trading account is for professional traders. Here two-phase evaluation is followed with a phase 1 target of 8% and a phase 2 target of 5%.

The profit earned is split up and the traders earn a specified percentage of the profit.

Depending on the selected plan type, the refundable registration fee ranges from $49 to $1389.

3. Accelerated Trading Account

This type of account is for experienced traders who wish to start earning instantly. In this type of account, the decided percentage of profit is instantly given to the traders.

Two different accelerated plans are provided: Conventional and Emphatic.

In Conventional Plan the one-time registration fee ranges from $99 to $2450.

In the Emphatic Plan, the one-time registration fee ranges from $198 to $4900.

However, there are some criteria that need to be followed by every user.

For rapid and evaluation trading accounts, the daily dropdown limit is set to 5%. i.e. if the value of your account goes beyond 5%, your account violates the drawdown rules of the company.

Example: If you opt for $20,000 limit, 5% of 20,000 is $1000. Hence if your account value goes below $19000 (20,000-1000), it violates the drawdown rules of the company.

For accelerated accounts, there is no daily drawdown limit, however, you need to take care of the overall drawdown limit which is 5% for Conventional Plan and 10% for the Emphatic plan.

Read: iHub Global Review

My Forex Funds Profit Sharing

The profit-sharing percentage between Traders and MFF differs according to the selected type of trading account.

Profit can be withdrawn through bank transfer, Paypal payout or get exchanged in cryptocurrency.

My Forex Funds Referral Commission

My Forex Funds also offers referral commission, but only on Rapid Account.

• For the first five referrals (1-5), the commission is 5% of purchases.
• For next five referrals (6-10), the commission is 10% of purchases.
• After 10 referrals (10+), the commission is 15% of every purchase made.

Read: Rodan+Fields Review

MyForexFunds Review

Finally, it’s time to share our personal review regarding My Forex Funds.

My Forex Funds has disclosed different crucial detail on its official website. Also, they have a support team available to solve doubts and problems.

However, all the glitters is not gold. As the company claims its positive existence, we tried to examine users’ experience on the same and came across the below points.

Withdrawal Issues

On Trustpilot.com, 5000+ users rated MyForexFunds 4.9 stars out of 5, which is impressive. But few reviews reveal some severe problems with MyForexFunds.

Users have made complaints regarding the withdrawal issues they face. Even after having multiple withdrawal mediums, people are unable to withdraw their earnings due to company or server problems.

A few comments disclose that the company is refusing to pay money by stating that the targets or limits are not achieved. While some have not received login credentials and they cannot access their account.

Fractions of these negative feedback are very less, but they are worth considering before becoming part of it.

The Slippage Problem

The most discussed problem with MyForexFunds is Slippage. Slippage is a common phenomenon in trading. But in MyForexFunds, it adversely affecting traders and they miss targets cause of this.

Even in MyForexFunds demo accounts, users encounter slippage problems, which is frustrating for beginners.

Is MyForexFunds Legit or Scam?

There are no red flags or strong evidence which proves My Forex Funds is a scam.

My Forex Funds is a prop trading company that allows traders to complete challenges and earn profit.

It has its own policy, account types, dropdown limits, and other rules to follow. While My Forex Funds have some complaints and problems to tackle.

FTMO Vs MyForexFunds

FTMO is another prop trading firm and a direct competitor of My Forex Funds, hence their comparison is obvious.

FTMO also has 4.9 stars rating as My Forex Funds on Trust Pilot. But generally, experienced traders give more preference to FTMO.

Considering trading challenges and rules, FTMO has a better impression compared to MyForexFunds.

Should I Join My Forex Funds?

As of now, My Forex Funds seems legitimate as it pays the percentage profits as disclosed in their earning plan.

Most people are earning well using their trading skills with My Forex Funds. However, My Forex Funds is slight new to the industry and have some flaws to deal with.

We suggest examining it at your personal level. Understand the targets and policies of My Forex Funds.

Simultaneously, one can also check for other options such as FTMO, Topstep Futures, Earn2Trade, etc.

Read: Entre Institute Review

The post Is My Forex Funds Legit? Honest Review appeared first on Even Insight.

LexaTrade began by managing cash transactions in real-time trading using PAMM accounts. Over time, it has grown and developed advanced trading solutions and a variety of financial instruments, becoming a well-known online brokerage brand.

Within a few years of its establishment, LexaTrade expanded its services to different countries around the world.

LexaTrade

Founder	Swiss One Group Ltd
When Started	2018
Head Office	Unknown
Opportunity Type	Trading Platfrom
Products	Trading Services
Website	LexaTrade.com
Joining Cost	$250

What is LexaTrade?

LexaTrade was founded in 2018 and is owned by Swiss One Group Ltd. It is located in Kingstown, Saint Vincent, and the Grenadines.

There is no solid information about the founder of LexaTrade and its parent company. Also, We were unable to verify its address.

As per the whois data, the domain Lexatrade.com was registered in September 2018, and according to similar web data it has around 13k monthly traffic from Kenya (60%) and India (26%).

LexaTrade is a financial trading platform that offers a range of financial instruments for traders to choose from, including contracts for difference (CFDs), foreign exchange (FX), and cryptocurrencies.

LexaTrade provides access to popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

Lexatrade even promises to provide personal trade assistance to its customer.

Lexatrade claims to prioritize the safety of its client’s funds. But we are skeptical about most activities and claim made by LexaTrade.

Read: How to Join The Real World

LexaTrade Account Types

There are 5 types of accounts available in LexaTrade. These are

• Start
• Silver
• Gold
• Platinum
• VIP

The minimum deposit required for each account varies. Start account type requires a minimum deposit of $250 and the VIP account requires a minimum deposit of $100,000

Each account type comes with its own set of perks, with the higher account types offering the best perks and benefits.

Lexatrade offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are popular among traders due to their advanced features, which are defined below.

Read: Digistore24 Review

Withdrawal & Fees

The minimum withdrawal amount is $50. LexaTrade charges a service charge of 5% when customers has made less than 5 independent transactions.

Lexatrade charges a spread on trades, which is the difference between the buy and sell price of a financial instrument. The spread varies depending on the account type and the financial instrument being traded.

If a trade position is kept open and carried over to the following day, a commission will be charged to the trading account for using the credit. The commission is based on the size of the transaction and ranges from 0.005% to 0.015% for most instruments, while it is 0.5% for cryptocurrencies.

LexaTrade Referral Program

LexaTrade has a referral program in which you’ll receive up to 50% deposit amount as a commission.

LexaTrade has a referral program in which affiliates receive up to 50% of the deposit amount as a bonus.

As per LexaTrade conditions, if the referred client makes a deposit between $500 to $10,000, then 50% of it will be the referral bonus.

If the referred client makes the first deposit above $10,000, the referral bonus is fixed at $1500.

Read: Star Horizon Review

LexaTrade Review

Hope the above information is enough to know the basics of LexaTarde, account types, its services, fees and referral program.

At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts.

But….. There is another side of Lexatrade to know.

A Shell Company

Lexatrade has provided very less information about its organization. It is registered in Saint Vincent and the Grenadines (A small country in the Caribbean), a kingdom of thousands of shell companies.

Lexatrade founders and operators are hiding. Their address and contacts are fake or temporary. It is a huge red flag.

Not a Legal Entity

Organization and company which provides financial services need to obey various policies and get approval from regulators in every jurisdiction.

But Lexatrade is severing the whole world through its website. It is registered in Saint Vincent and the Grenadines which makes no sense.

Moreover, they have no permission to work as a broker in any country. If they are not even legally registered then how can get approval from financial regulators?

Unreliable Experts

Lexatrade offers personal account managers to its users and they help in trading.

But considering various reviews, we found that their so-called experts have very less knowledge and most trade signals are loss-making.

Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform.

Withdrawal Issues

Many people have complained that LexaTrade has locked or stolen their funds. Either balance gets zero or unable to withdraw funds due to invalid reasons.

Even when individuals reach Lexatrade for this, Their customer executive encourages upgrading the account type to get funds back.

Read: Blue Edge Financial Review

Is Lexatrade a legal broker?

No, Lexatrade is not a legal broker. Brokers required various licenses and regulators’ approval to serve investors and traders. But LexaTrade is not even registered as a legal company.

Its founders are looting people with many fake claims. They even have affiliates who individually promote platforms to others and force them to invest maximum money.

Lexatrade is a scam company and it is going to close sooner. So don’t use this platform and research well before choosing a such platform.

Read: Mike G Deal Scam

The post Is LexaTrade a Scam? Honest Review 2023 appeared first on Even Insight.

We will discuss the Blue Edge Financial company profile, courses, and affiliate program, as well as our personal review regarding Blue Edge Financial.

At last, we will also share our answer to the question, Should I Join Blue Edge Financial?

Blue Edge Financial

Founder	Adam Wenig, Joe Hicken, Tyler Turner
When Started	September, 2019
Head Office	Cheyenne, United States
Opportunity Type	Forex, Crypto
Products	Educational Courses
Website	Blueedgefinancial.com
Joining Cost	$147

What is Blue Edge Financial?

Blue Edge Financial is started by Adam Wenig, Joe Hicken and Tyler Turner in the year 2019.

Adam is said to be the face of Blue Edge Financial whereas Joe claims to be the bot builder and Tyler operates the education portion.

Blue Edge Financial claims to provide Forex trading education and an AI-powered bot named Titan G27 to carry out trading activities.

Apart from this, the company also allows users to earn affiliate commissions that we will discuss below.

According to the SimilarWeb statistics, major traffic to Blue Edge Financial is from the United States (22.24%), Canada (20.97%), Mexico (7.34%), Germany (5.90%) and Colombia (5.60%).

Read: Novatech FX Withdrawal Issue

Joining Blue Edge Financial

To join Blue Edge Financial there is a membership fee of $ 147/month. There are mainly two types of memberships: Forex Membership and Crypto Membership.

1. Blue Edge Forex Membership

This membership includes 25 video modules, mini quizzes and cheat sheets for the members. Apart from that the company claims to provide 4 bonuses:

1. Titan X Tool
2. Bank’s Secret Indicator
3. Yuuya’s Trade Ideas
4. Volume Reaction Trading (VRT) Cheat Sheet

Basically, this membership helps members to learn and understand the basics of trading till advanced learning.

This membership can be taken either monthly or annually as below:

2. Blue Edge Crypto Membership

This membership includes short lessons from beginner to advance and helps to start crypto trading.

It includes:

• Portfolio
• Spiral Guide Algorithm
• Crypto Playbook
• Daily Market Analysis
• Lee’s Trade Ideas
• Hype Coins Indicator
• Discord Community

The membership can be taken either monthly or yearly as below:

Read: LeadsGuru Review

Blue Edge Trading Bot

Blue Edge offers different types of trading bots such as Titan G7, Titan G27 and Titan X.

These AI-powered trading bots are developed with the help of Forex bank traders. It is also known as smart money movement technology.

Once this software is downloaded, it keeps running continuously and also keeps trading automatically to make the best profit.

However, we are unaware of the algorithms used to design this bot. Blue Edge Financial has shared some video guides to teach, How to use these bots.

Blue Edge Funding

As per company rules, to become an active investor in the funding program the members need to pass a few different challenges.

Once they get accepted, they can trade over the website and keep 70 to 80% of their profits.

However, to start trading, it is required to download the G27 AI software and select the broker that you need to deal under.

Not only this but you will also need to purchase a VPS i.e. Virtual Private Server that keeps the software running 24*7.

Blue Edge Financial Affiliate Program

Blue Edge Financial is not only a Forex and Crypto-based company but also provides Affiliate Commissions.

A 10% commission is provided over every Blue Edge membership you sell, including the recurring purchases of your personal downline members.

Read: Zyia Active Review

Blue Edge Financial Review

This was all that you need to know about Blue Edge Financial. It seems to be a lucrative opportunity offering ai-powered trading bots. Also, they teach trading as well as provide commissions to bring more people.

But there is a flip side to it, which needs to be known before spending $147 monthly on a membership.

Shady Past of Founders

Adam Wenig, the face of Blue Edge Financial is also involved in a few other companies which need to check upon.

Adam is the founder of Global Dream Builders which is an online marketing platform. On this platform, Adam claims to teach how to generate huge income from self-designed websites.

However, all we came to know is he tries to advertise his Global Dream Builders packages through people over their website and attract more people towards his setup.

He also joined hands with Eaconomy (also started in 2019), a company that used the same Al-based bot for trading. The interesting part is, Eaconomy was declared a pyramid scheme.

This creates suspicion about Blue Edge Financial as the trading bot is also their main product.

Expensive Memberships

The smallest membership of Blue Edge Financial costs $147 per month just for teaching things. For trading purpose, one needs to make extra expenses for software as well.

There are various Trading Bots available for different markets at free or much nominal cost. Morever, there are expert creators who teach investment and trading free on the internet.

Hence, as per your requirements and circumstances, there are cheaper alternatives are available.

Affiliate Commission Oriented

Blue Edge Financial claims to provide a 10% commission for every person who joins the company through your reference.

10% of $147 is $14.7 for every person who joins. Many times individual affiliates promote companies or products for only personal gain.

So please verify facts at your own level and don’t get caught in the promotion.

Bots Not Always Effective

Trading Bots are not 100% reliable and the same goes for Blue Edge. Blue Edge has maintained amazing ratings over review platforms like TrustPilot. But we found many traders are not happy with the results of bots.

User needs to upgrade from Titan G7 to Titan G27 and Titan X, which can be frustrating for traders.

So traders must take chance on bots as per their appetite and trust in bots.

Should I Join Blue Edge Financial?

So this decision is completely on you. Without moving into many technicalities, we have shown both sides of the business.

If you feel Blue Edge is the trustworthy and ideal solution for your requirements, you can opt for it. So far they are doing good in their business and no major concern we can find with them.

Same time, we will also recommend checking for alternatives as there are much cheaper options available.

Read: The Real World Review

The post Blue Edge Financial Review: Trading Bot Scam? appeared first on Even Insight.

YouTube comments, reviews on TrustPilot, and other platforms are flooded with allegations against NovaTech FX. Some NovaTech FX investors blame, their accounts blocked without payout.

Thousands of people have lost millions in NovaTech FX and it was not a surprise for us, as we already predicted the same.

Here we will discuss more about the NovaTech FX withdrawal issue and how to get payout?

NovaTechFX Withdrawal Issues

Novatech FX is a financial services company that offers foreign exchange and contracts for difference trading to its clients.

The company claims to provide competitive pricing and fast execution on a range of financial instruments, including major and minor currency pairs, commodities, indices, and stocks.

NovaTech FX also operates an MLM compensation plan where investors are offered referral commissions from multiple downline levels.

NovaTech FX is an opportunity that is too good to be true.

Why NovaTech FX disable Withdrawal?

Novatech FX has stopped giving withdrawal for a long time. There are many instances when NovaTech FX’s website was down and this all happened with a platform that claims to be the best trading platform globally.

To understand these withdrawal issues, we need to consider its past first.

NovaTech’s founder Cynthia Petion and her husband Eddy Petion have been top promoters of AWS Cryptocurrency MLM.

AWS mining was giving blatant crypto investment returns and later proved to be a Ponzi scheme. Even various government authorities issued notices against them.

A similar situation is with NovaTech FX now. From the beginning, NovaTech FX has provided guaranteed returns on its investment and a high referral bonus. This attracted millions of people around the world.

Many government authorities warned against NovaTech FX as it was illegally providing financial services that it was not allowed.

Still, people followed their greed and now their funds are locked with NovaTech FX.

We mentioned in our NovaTech FX review:

Till now NovaTech is working fine and the users are happy with ROI and affiliate commission. 

Factually, NovaTech FX is a scam. It is committing securities fraud and a Ponzi scheme that can collapse at any time. 

We will highly recommend staying away from it, as the government will not be able to help if you lose your money to it.

It is the strategy of every money-circulation scheme (ponzi and pyramid scheme) to lure people by giving amazing returns and when they expand exponentially, they disable withdrawal and take the exit.

How to Withdraw Funds from NovaTech FX?

If you are unable to get a refund through the usual channels, there are a few steps you can take to try and resolve the issue.

Remember NovaTecch FX is the least governed as they are not a legal enterprise, hence it’s tough to get refund from them and there is no guarantee of this.

First, you should try contacting Novatech FX directly to see if they can assist you with your withdrawal issue. You can try reaching out to them through their customer support channels, such as email or live chat, or you can try calling them directly.

Make sure to provide as much information as possible, including details about your account, the withdrawal request, and any errors or issues you have encountered.

If you are unable to resolve the issue with Novatech FX, you may need to seek the assistance of a financial regulator or industry organization.

Depending on where you are located, you may be able to file a complaint with a regulatory body, such as the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the US.

NovaTech FX has already received fraud warnings in Canada, Russia and the USA. So keep following your regulator bodies for payouts.

These organizations can investigate your complaint and may be able to help you.

It’s also worth noting that if you used a credit card to make your deposit with Novatech FX, you may be able to file a chargeback with your credit card company to try and get a refund.

Morever, a TrustPilot user shared his experience. He got a payout with help of a financial recovery firm, but we are not sure about this.

Overall, the best course of action will depend on your specific situation and the nature of your withdrawal issue.

It’s important to stay calm and try to work with Novatech FX or other relevant parties. Try you get your refund as soon as possible and aware others to not get caught in scams like this.

The post Novatech FX Withdrawal Issue: How to Get Payout? appeared first on Even Insight.

Here we are going to discuss CashFX’s company profile, its MLM compensation plan, insights plus opinion regarding the company and lastly the answer to the question, Should I Join CashFX?

Without wasting much time, let us quickly dive into the company profile.

CashFX

Founder	Huascar Lopez, Edwin Abad
When Started	2019
Head Office	Panama City, Panama
Opportunity Type	Forex MLM
Products	Academic Plans and Forex trading
Website	cashfxgroup.com
Joining Cost	$300

What is CashFX?

CashFX is a Forex MLM company owned by Huascar Lopez and Edwin Abad,  located in Panama City.

The company claims to provide two separate opportunities

• CFX Academy – for learning purposes.
• Forex – for investment purposes.

Apart from these two, it also combines the MLM opportunities with Forex investment making it a Forex MLM.

CashFX states to provide a Copy Trading facility that gives an Always Win Strategy. It is a tool used in Forex where when any changes are made in the master account, those are automatically reflected in all the connected individual accounts.

According to the SimilarWeb statistics, major traffic to Cashfxgroup.com is from the United Kingdom (29.10%), Australia (8.38%), Norway (7.18%), South Africa (6.36%) and Sweden (6.05%).

Read: Meta Force Review

Joining CashFX

To join CashFX, it is necessary to have a referral link at the time of registering.  Once registration is successfully done, it is compulsory to purchase any of the investment packages to continue the journey.

The investment packages range from $300 to $1,00,000. The academic plans’ access is received with the purchase of an investment plan.

Once 200% passive income or 400% MLM commission is earned, the affiliate needs to repurchase the package.

Let us have a look at the investment packages ahead.

Read: EthProfitMiner Review

CashFX Investment Plan

The Forex investment plans are divided into three types: Elemental, Advanced, and Supreme.

1. Academic Plans

The cost of every related academic plan is 30% of the investment plan selected.

2. Elemental Plans

3. Advanced Plans

Supreme Plans

Read: Govvi Review

CashFX Compensation Plan

There are mainly two types of earnings as per the CashFX compensation plan: Bear Capital and Bull Capital.

1. Bear Capital

According to this scheme, passive earnings are earned by investing in the packages. It mainly includes trade earnings and forced matrix bonuses which we will discuss further.

2. Bull Capital

When at least 1 person is added to the direct downline, the affiliate becomes eligible for the benefits of the Bull capital scheme which include a Fast Start Bonus, Uni-Level Bonus, Matching Matrix Bonus and Leadership Rank Bonus.

Fast Start Bonus

When a new Academy Pack is purchased by a downline member, the upline member receives 50% of the value paid as a Fast Start Bonus.

Uni-Level Bonus

When the affiliate decides to join MLM earnings, downline up to infinity levels is permitted. The percentage of the commission depends on the rank of the affiliate as below:

Forced Matrix Bonus

It is paid from the 20% withdrawal fee associated with every account.

Read: Hustlers University 3.0 Review

To Be Concluded

This was all about CashFX, its investment plan and MLM earning opportunities.

CashFX attracts people with great ROI and the MLM plan to earn passively. But it got mixed reviews from users.

As per CashFX’s TrustPilot review, 61% rated it 5 stars whereas 32% reviewed it with 1 star.

Moreover, we found, most people are happy with the returns they got, on the flip-side people are blaming it for being Ponzi scheme and raising concerns about payout delay.

Not only limited to its user, but even the financial authority of various countries has also warned against CashFX Group.

Fraud Warnings

There have been numerous fraud warnings issued against the CashFX group by different countries.

South Africa, Norway, Singapore, Australia, Dominican Republic, Spain, New Zealand, Norway, Canada and Panama are a few names whereas the list is unending.

CashFX Group has been declared an illegal business in Italy and its website is blocked nationally for the citizens.

Quebec, Canada made a list of illegal companies and it also included the name of CashFX Group.

Securities Fraud

If we look forward to the kind of services provided by CashFX Group, it requires licenses and approval from financial regulators for operations. But CashFX is constantly failing in it, which makes it illegal.

CashFX claimed their legality by showing their exchanges through licensed forex broker EverFX but EverFX refused the same.

Firi a Norwegian crypto-exchange has also blocked the CashFX transactions through its platform.

Hence, CashFX is doing securities fraud and people are ignoring this fact for some commission and risking others to it.

Withdrawal Issues

In May 2021 people faced several issues in withdrawing their money from the CashFX website.

Later in November, they stopped the withdrawals near Black Friday stating that it was the result of hackers attacking the website.

Frequent withdrawal issues are clear symptoms of the Ponzi scheme and it shows that withdrawal might be stopped forever at any point in time.

Ponzi Scheme

The CashFX claims to provide high returns with the help of an automatic trading bot but the method of calculation is still unknown.

Actually, CashFX included an MLM compensation plan which constantly brings new investors to the company.

CashFX operates a money-circulation scheme that provides returns to old investors from the investment of new investors and this cycle goes on.

CashFX needs to bring new people to operate their fraudulent scheme. Whenever the flow of money restricts, they disabled withdrawal.

This is not the first time that a Forex MLM is doing so. Various schemes have done the same thing to fool people and stole in millions.

Should I Join CashFX?

No, we never suggest joining such a company having so many securities fraud warnings. Also, we have seen that many people are facing withdrawal issues.

As CashFX is a classic planned Ponzi scheme, such a company can collapse at any time and take away all your money at once.

Even government and authorities of most countries can’t help people with this scam, as it is not a legal entity and operates through a website.

Read: Elomir Review

The post CashFX Group Review: Legit or Another Forex-MLM Scam? appeared first on Even Insight.

NovaTech is a Crypto-based as well as a Forex-based MLM.

In this post, we will share the company profile, joining details and MLM compensation plan followed by the answer to the question, Should I Join NovaTech?

It will also be proved whether Novatech is a Ponzi Scheme, Pyramid Scheme or a legit MLM company.

NovaTech FX

Founder	Cynthia Petion
When Started	2019
Head Office	Kingstown, Vatican City
Opportunity Type	MLM
Products	Memberships
Website	novatechfx.com
Joining Cost	$49.95

What is NovaTech FX?

NovaTech claims to be a Crypto and Forex trading platform providing MLM benefits. Cynthia Petion founded NovaTech in the year 2019.

NovaTech mainly provides two types of accounts: PAMM (Permanent Allocation Management Module) and MT5.

PAMM account allows users to invest their funds through master accounts that are traded by experienced traders. A part of the profit from such trades is kept by NovaTech. No experience is needed to trade in such an account, but experts must be chosen wisely.

MT5 is the mobile version to do financial trading. This mobile account supports trading activities and helps to check account status, history and other crucial data.

 According to SimilarWeb statistics, major traffic to novatechfx.com is from the United States (75.25%), Canada (6.40), South Africa (2.72%), Colombia (2.38%) and Puerto Rico (1.48%).

Read: Trust Investing Review

Joining NovaTech

There are mainly two ways to be a part of NovaTech: Purchasing Membership or Holding a trading account. The requirements of both are as follows:

• The yearly Membership charge is $49.95. Members also need to pay a $2.95 service fee every month.
• If you wish to hold a trading account, you need to make a minimum investment of $99 and pay the monthly service fee of $25.

To become eligible to receive bonuses, the affiliates are required to maintain either of the two.

Read: Kok Play Review

NovaTech Products

There are no retailable products in NovaTech. Instead, the affiliates have to sell NovaTech membership packages.

There are different packages as follows:

On purchasing the above packages the members get access to a PAMM account with the initial deposit amount equal to the cost of the package.

The commission on selling each package is different which we will discuss further.

Read: ClubShop Review

NovaTech Compensation Plan

There are mainly 7 types of bonuses paid to NovaTech affiliates. They are as follows:

1. Direct Referral Bonus

This bonus is paid when you add a new affiliate to your direct downline. The Direct Referral Bonus ranges from $10 to $5000 depending on which package you have sold.

2. Indirect Referral Bonus

The Indirect Referral Bonus is paid up to 7 levels when any new affiliate is added in the downline or existing affiliate upgrades to the new package. The percentage paid as a bonus is as follows:

• First Level – 5%
• Second Level – 2%
• Third – 1%
• Fourth Level – 1%
• Fifth Level  1%
• Six Level – 0.5%
• Seventh Level – 0.5%

3. Fast Track Bonus

When affiliates enroll a minimum of 3 Bronze or higher members within 45 days of registration, they stay eligible to receive a $100 Fast Track Bonus.

If they enroll a minimum of 3 Silver or higher members within 45 days, receive $500 as a Fast Track Bonus.

4. Check Matching Bonus

The Sponsor earns Check Matching Bonus up to 9 levels from the trading bonuses earned by the direct downline. The percentage earnings are as follows:

• First Level – 5%
• Second Level – 2%
• Third – 1%
• Fourth Level – 1%
• Fifth Level  1%
• Six Level – 0.5%
• Seventh Level – 0.5%
• Eight Level – 0.25%
• Ninth Level – 0.25%

This bonus is paid out weekly.

5. Residual Income

This bonus is paid up to 9 levels from direct downline as a percentage of the services fees paid by the members. The percentage is as follows:

• First Level – 5%
• Second Level – 2%
• Third – 1%
• Fourth Level – 1%
• Fifth Level  1%
• Six Level – 0.5%
• Seventh Level – 0.5%
• Eight Level – 0.25%
• Ninth Level – 0.25%

6. Rank Achievement Bonus

The affiliates are motivated to achieve higher ranks by paying out Rank Achievement Bonus. The bonus amount is as follows:

7. Profit Sharing

10% of the company’s profit is placed in the Profit Sharing Pool and the Senior Executives, Directors and Ambassador stay eligible to receive a part of this profit as follows:

• Senior Executive – 2%
• Director – 3%
• Ambassador – 5%

Read: InCruises Review

To Be Concluded

This was all about NovaTech and its compensation plan. Till here everything seems to be perfect and positive but there are a few things we need to inspect.

Fake Information

One of the biggest red flags of any MLM company is false information. The official site and social media accounts include addresses of Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent & Grenadines. But Google Map Review denotes location is fake and frequently used by scammers & shell companies.

NovaTech claims to be legally registered as Saint Vincent and the Grenadines, but we are unable to verify incorporation details. Even though, if it is registered in Saint Vincent and the Grenadines, it doesn’t make any sense as most members are from the USA, Canada and South Africa (as per similar web).

Nasty Founder History

Cynthia Petion and her husband Eddy Petion have been top promoters of AWS Cryptocurrency MLM.

At first, AWS seemed to be a crypto earning opportunity but at a later date was proved to be a Ponzi scheme.

AWS was served a securities fraud cease by the Texas Securities and at that time none of the company people, as well as neither Cynthia nor Eddy came forward to defend it.

Moreover, NovaTech FX has received a fraud warning in Russia by CBR (The Central Bank of the Russian Federation). While in the future authorities from other countries as well going to issue warnings.

Not Authorised

Being an MLM company, NovaTech FX is also providing investment services that require authorization from financial regulators of different countries of operation, which certainly NovaTech doesn’t have.

It means NovaTech is doing securities fraud. To provide brokerage services, strict regulations are needed to follow while NovaTech is even failing to provide the correct address.

NovaTech is Ponzi Scheme

“NovaTech is operating for the past 3 years and paying regularly” this argument is frequently used to support NovaTech.

While this is a common phenomenon of the Ponzi Scheme scams. They pretend to be MLM and actually pay on time to attract more people.

Most probably, There is no actual trading made. Instead investment of new people is used to pay early investors and the same phenomenon goes on.

But as the MLM network (Ponzi Scheme) spread exponentially, most investors lose their money in the end.

Strategically it designs to lure maximum people, do money circulation and then disable withdrawal to do an exit scam.

Is NovaTech a Scam?

Till now NovaTech is working fine and the users are happy with ROI and affiliate commission.

Factually, NovaTech FX is a scam. It is doing securities fraud and a Ponzi scheme that can collapse at any time.

We will highly recommend staying away from it, as the government will not be able to help if you lose your money to it.

Read: Rodan + Fields Review

The post Is NovaTech a Pyramid Scheme? Honest MLM Review appeared first on Even Insight.