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On its website, Envi FX omits published information about the company’s ownership and executives.

The domain name “envifx.com” for Envi FX’s website was originally registered in 2020. On July 23, 2022, the private registration was last updated.

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 by Envi FX

No retailable goods or services are offered by Envi FX.

The Envi FX affiliate membership itself is the only thing that affiliates may promote.

The Compensation Plan for Envi FX

Affiliates of Envi FX invest in cryptocurrencies with the expectation of passive returns.

Envi FX’s results are presented as forex trading, with affiliates being paid commissions based on simulated trading volume.

Envi FX uses a uni-level compensation structure to pay commissions.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

Five is Envi FX’s maximum number of pay-per-level team levels.

For each of these five tiers, the following commissions are paid per lot trading volume:

levels 2 through 5 are 75 cents per lot (personally recruited affiliates) and $1.50 per lot (other affiliates).

Usually, one lot equals 100,000 units of the base currency. It’s unclear how this affects Envi FX’s simulated trading.

Higher commission rates are given to Envi FX affiliates with a high rise and top heavy rankings:

Affiliates with a high ranking in the High Rise receive $2 on level 1, $1 on level 2, 95 cents on level 3, $30 on level 4, and 25 cents on level 5.

Affiliates with the Top Heavy rank receive $2.50 on level 1, $1.50 on level 2, and 50 cents on level 3.

Note that there are no qualifications for the High Rise and Top Heavy ranks.

enrolling in Envi FX

It looks that joining Envi FX as an affiliate is free. There is no set minimum investment amount.

Investment in various cryptocurrencies is sought by Envi FX.

Envi FX Summary

The website of Envi FX overwhelms users with trading data and options. This is an effort to give the website the appearance of a trustworthy trading broker.

Nobody is interested in anything other than the passive investment opportunity that Envi FX presents as PAMM accounts.

You don’t know who runs Envi FX, which is your first cautionary sign. This is not how trustworthy businesses who are requesting money from your run.

The solicitation of investments in cryptocurrencies for use in forex trading is your second cautionary sign with Envi FX.

Envi FX defrauding investors of securities is your third warning sign.

Affiliates of Envi FX invest cryptocurrency with unidentified strangers, do nothing, and get a daily ROI. Sounds recognizable?

A passive investing opportunity is run by Envi FX. This necessitates registration with the appropriate financial authorities.

Envi FX offers no proof that the company has submitted the legally needed audited financial reports or registered with financial regulators.

Simulated trading reports are made available to Envi FX affiliates in their back office. This does not serve as a replacement for financial regulator registration.

Envi FX provides the following “pseudo-compliance” rather than conducting business legally:

This website is not meant to solicit information from US citizens or residents.

This is nonsense, as we can observe at SimilarWeb:

The US accounts for 86 percent of the website traffic to Envi FX.

Envi FX is not registered to provide securities in the US, according to a review of the Edgar database by the SEC. They have no worldwide registration to offer securities.

Keep in mind that anybody who promotes is also committing securities fraud, in addition to Envi FX. The promotion of unregistered securities is prohibited anywhere around the globe.

Envi FX must also register with the CFTC since it provides US individuals with a forex trading investment opportunity, whether it be real or simulated.

Envi FX is not registered with the CFTC, according to a search of the NFA registry. The Commodities and Exchange Act is broken here.

Envi FX is conducting the scam and communicates with investors using the “Automated Trading” Telegram channel, but we don’t know who is running it (an MLM company being run through Telegram is another red flag).

Investors were informed that Envi FX engaging in financial fraud “doesn’t matter” in a message made to the Automated Trading Telegram channel in the middle of July.

The inventors of the scheme are referred to as “Kyle and I” by Automated Trading’s administrator.

MLM businesses act unlawfully and conduct financial fraud since they don’t do what they advertise. This would be currency trading using Envi FX to create outside ROI revenue.

What does Envi FX do if they are not trading?

They are operating a pyramid scam.

Envi FX uses newly-arrived cryptocurrency to pay for early investor withdrawals. With simulated backoffice trade reports and lot commissions, this is trading dressed up as a transaction.

It’s just drama and has nothing to do with Envi FX moving invested cryptocurrency around to pay rewards.

Envi FX’s ability to attract new investors would eventually dwindle, just like with all MLM Ponzi scams.

This will deprive Envi FX of ROI income, leading to its eventual demise.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

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