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Fx Farms Review: Is fxfarms.com Scam?

Fx Farms Review: Is fxfarms.com Scam?

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FX Farms claims that they can take your investment strategies to a higher level. FXfarms does not provide information on their website about who owns or runs their company. An address in the UK is provided on the website of FX Farms. Further research revealed the address belongs to a virtual office provider by Regus. Video marketing on FXFarms were done by Fivver site featured actors which makes this website look corny. The above example is of a formal business presentation video of Fx Farms. We cannot determine where the false founder of FX Farms’ and CEOs were hired from, but here the green screen video scripted them for your viewing pleasure.

Note: Visit this page to check out the top recommended investment products.

At the time of publication, Alexa ranks America as the top source of traffic to FX Farms’ website. Actually 60% of the traffic comes from the US which could mean the site owners are probably in the US or targeting US users. As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

FX Farms review

In the real sense, FX Farms does not provide any products or services. Affiliates are only able to market these so called services to Farms FX’s affiliated members. FX Compensation Plans are as follows:

Note: Farms FX affiliates invest funds in the promise of returns announced as follows:

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Base – invest $ 25 to $ 1500 and receives 1.5% to the day for 140 days
Merchant – invest $ 1,501 to $ 10,000 and 1.65% to receive the day for 150 days
Lead – invest $ 10,001 to $ 25,000 and 1.85% to receive the day for 170 days
Eagle – invest $ 25,100 to $ 55,000 and receives 2.1% to day 185 days
President – invest $ 55,500 or more and receive 2.45% on the day for 205 days

Direct Referral Commission
FX Farms pays a commission on the funds invested by the private affiliate recruited. Secondly, referral commission rate is determined by how many affiliates FX Farms has itself invested: Lead-tier affiliate base to receive a referral commission rate of 5%.
Eagle-tier affiliate receives a referral commission rate of 6%
President tier affiliate receives a referral commission rate of 7%.

How residual commission is paid

FX Farms pays residual commissions through binary compensation structure. A binary compensation structure put at the top affiliate binary team, split into two sides.

The first level of the home team two binary positions. The second level binary team’s generated by splitting the first two positions to two respective positions (4 positions). The next level of the resulting binary team as required, with each new level housing twice as many positions as the previous level.

Position in team binary met through direct and indirect recruitment of affiliates. Note there is no limit to how deep the binary team can grow. At the end of each day FXfarms counting new investments volume on both sides of the binary team.

Affiliates are paid 10% of funds matched on both sides, capped daily based on how much they’ve invested: Base and Trader tier affiliates are capped at $1000.Lead tier affiliates are capped at $1500. Eagle tier affiliates are capped at $3500
President tier affiliates are capped at $5500. After funds have been paid out on they are flushed from both sides. Leftover funds on the stronger binary side carry over.

Rank Achievement Bonus

FX Farms rewards affiliates who qualify for any of their seven affiliate ranks:

Leader (generate $35,000 in investment volume on both sides of the binary team) – “$300 vouchers”
Achiever (generate $70,000 in investment volume on both sides of the binary team) – an Apple 11 Pro and “$600 vouchers”
Professional (generate $111,000 in investment volume on both sides of the binary team) – an Apple MacBook and “$1000 vouchers”
Diamond (generate $155,550 in investment volume on both sides of the binary team) – “$1500 vouchers”
Legend (generate $222,200 in investment volume on both sides of the binary team) – a “watch” and $2000 vouchers”
Elite (generate $444,000 in investment volume on both sides of the binary team) – a “sports bike” and “$3500 vouchers”
VIP (generate $666,666 in investment volume on both sides of the binary team) – a “car”, an iPad and “$4500 vouchers”

Each row also has a percentage associated species. What that percentage refers to cash, however, is explained in the FX Farms compensation documentation.

Bonus rights

FXfarms compensation plan refers to the rights bonuses, but no details were provided regarding how these rights bonuses are provided. Lead level subsidiaries are entitled to premium rights 0.5%. Eagle level subsidiaries are entitled to a premium of 0.75% rights. President level subsidiaries are entitled to a bonus 1% Royalty.My best guess is these are bonus pools set aside the investment volume in the whole company.

Becoming a member of FX Farms

FX Farms affiliate membership is tied to a minimum $25 investment. The more an affiliate invests the higher their income potential via FX Farms’ compensation plan.

The truth about FX Farms

FX Farms’ passive investment opportunity constitutes a security. On their website FAQ, FXFarms states: Is Fx Farms Legally Registered?

Yes we are globally certified In United States of America & United Kingdom and our growth is in many parts of world. Securities in the US and UK are regulated by the SEC and FCA respectively. FX Farms is not registered with either the SEC or FCA.

This means that the company operates illegally in both countries. The US is of primary significance, as it currently generates 60% of FX Farms’ website traffic. The only reason a passive investment opportunity MLM wouldn’t register to operate legally is if they aren’t doing what they say they are. In the case of FX Farms, the company represents it generates external revenue via forex trading.

We are offering an advanced and more profitable forex trading platform that ensures maximum customer satisfaction.

Our best advice for you

No evidence of Forex trading revenue being used to actually pay affiliates provided. Furthermore FXFarms’ business model fails the Ponzi logic test.

Through compounding at 2.45% a day, even a modest amount will turn into a fortune relatively quickly. The only verifiable source of revenue entering FX Farms is new investment. Using new investment to pay affiliates a 2.45% daily ROI makes FX Farms a Ponzi scheme. If you’d like to invest, check out these products. 

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