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Gigamax is a potential Crypto MLM scam with multiple products under different domains. Our Gigamax-ai.com review explains why this platform might be a Ponzi scheme.
Apart from offering ridiculous claims on daily ROI guarantees, Gigamax also offers Arbitrage trading services. With over 1 million visits on each website, the platform has yet to offer verifiable results of the robot’s performance.
And this is a thorn in the fresh for anyone thinking they will double their investment within a short time. What we have is a crypto investment platform that has no hold in the real world. There are plenty of red flags to watch out for in this and other such platforms.
As an investor or trader, we recommend going for tested and proven platforms. Getting verifiable results from MyFxBook is the right step in reaffirming a software’s performance. Without verifiable results, all you have is hearsay.
You need to become a smart investor by finding out some of the features to look out for in a platform. These include available trading conditions and signs of a scam. Does the platform offer smooth withdrawing or will it be a pain to even withdraw part of your initial deposit?
Let’s dive into our detailed Gigamax review.
There are several online scammers associated with this platform. And this has led us to believe Gigamax is nothing else but a high risk investment platform. The brains behind this platform include Dato Abak and D’Ben Al Shariff.
These are online scammers who have been in the Malaysian crypto scene for years, with the Gabema Academy seeing to join ranks with Gigamax. We are confident Gigamax is a Malaysian-operated pyramid scheme.
You also have to buy some of the trading bots using a Chinese App with no proven performance records. These are the reasons we believe anyone investing with the platform will likely face huge problems when vesting lapses.
There are various investment services offered by Gigamax including cryptocurrency investment programs. These include cloud mining from mining tools bought on the Chinese app. The apps furnish investors with high ROI within days of signing up.
To get the app, you have to pay a monthly subscription fee as well as buy in any of the listed apps. There are also affiliate recruitment profits or commissions earned. The more you recruit, the higher your profit margin.
Will you become filthy rich when you sign up with Gigamax? No way. Let’s take a closer look at some of the investment plans available and why Gigamax is a high risk investment platform.
There are two red flags found on this platform, and they include withdrawing funds and funneling funds to other accounts. Let’s give you the clearest indication why investing with Gigamax is a high risk investment platform.
After purchasing the platform and selecting the investment plan, the platform allows you to withdraw part of your initial investment. It gives members the notion you are dealing with a legit platform.
Say you go for a plan asking for a minimum deposit of $1,000, the platform will allow you to withdraw $200 in a few days time. Once you do so, they will increase your ROI margins to convince you to deposit a large chunk.
Remember that the platform is just using your initial deposit to lure more funds. Once you make the mistake of depositing more funds, that’s when all hell break lose. You will get notifications of delays in withdrawals or have your subscription cancelled.
There are four crypto investment plans available on the platform. These include standard, silver, gold, and platinum. Each of these plans offers a trading bot that guarantees 100 percent ROI or cloud mining with high daily profit margins guarantees.
Let’s take a closer look at each of these plans
It’s the most basic plan with investors having to deposit $200 to get started. You get an arbitrage trading bot and staking services available. The account promises 95 percent ROI with the trading bot.
When it comes to staking, the account guarantees 5 percent daily ROI for 4 running days. That means you get 20 percent ROI after 4 days. That’s an unrealistic profit margin seeing how the crypto market has become volatile.
Here’s the second account the platform bets it will work better for traders with a little knowledge on trading. The arbitrage bot promises 97 percent ROI with an acceptable minimum deposit of $500 and a maximum of $900.
Staking services are also available with the platform offering 8 percent in daily ROI. The acceptable vesting period is 4 minimum days with clients getting the option to extend with a 20 percent additional deposit.
One of the highest guaranteed profit margins we have seen, the platform guarantees investors 98 percent successful trading. You have to deposit a minimum of $1,000 to a maximum of $5,000 to get started.
Staking services offer 40 percent in daily ROI with the vesting period selected at 20 days. For a chance to double the ROI, investors must match their initial deposit with the vesting period cut short to 10 days.
It’s the biggest account type with the available arbitrage bot promising traders 100 percent successful trades. The account claims the bot comes with AI features that help correctly predict the market.
When it comes to staking, the account offers 60 percent guaranteed daily profit margin for 60 days of vesting. The acceptable minimum deposit is $10,000 with no set maximum. Surely, this is totally unattainable.
Once you become an affiliate of Gigamax, the platform promises a certain percentage based on the number of clients you bring in. Remember that the platform has no verifiable withdrawal proof from any member.
There are five levels affiliates earn. Let’s take a closer look at each level;
Once you personally recruit one member, the platform guarantees 500USDT in commissions. You also get a downline investment volume of 10 percent.
Members who sign up five or more users get a chance to earn 3,000USDT in revenue. There’s a 13 percent downline investment venture guaranteed as a staking opportunity.
Members must invite users who generate over 5,000USDT in staking investment amount. You also earn the same amount once the vesting period lapses and an additional 15 percent downline investment.
Affiliates must sign over 20 investors who bring in an investment of 10,000USDT. You get a promise of earning 17 percent in downtime investment or available staking.
It’s the highest possible affiliate level with members earning over $30,000USDT in earnings. There’s also a downtime investment volume of 20 percent.
With no verifiable proof of anyone withdrawing the full earned ROI from the platform, we have to air caution to investors. You need to be careful with these investments that promise high returns in less than three to four months.
Security of funds is not guaranteed with a platform with no legal oversight. There’s no deposit insurance protection offered by the developers. We also don’t see any verifiable trading results on MyFxBook.
Please stay away from this platform for now.
Please Note: With Gigamax a high investment risk, why not sign up with verifiable products tested by the crypto community?
Do leave a comment or email us with any queries.
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