Introax Review: It is no news that many investors are looking for legit investment platforms, to invest and make money.
This is where Introax comes into play. You might be wondering if Introax is legit or a scam. Keep reading to find out.
Overview About Introax.com
Intorax is a web-based financial investment platform that allows customers to receive a substantial return on their investment.
However, Introax’s website has no information on who owns or runs the company.
The only way to contact them is through a suspicious Telegram group. Introax’s Telegram channel is administrated by someone with the handle “Steve Law.”
Introax has a YouTube channel, where one official marketing video can be found. It however appears like a classic MLM fraud.
On January 6th, 2022, Introax’s website domain (“introax.com”) was privately registered.
the website shows a UK incorporation certificate for Introax LTD to appear legitimate.
On January 18th, 2022, Introax LTD was formed.
Intorax Review: more about Intorax
To review introax, it is important to note that any MLM company based in the United Kingdom, or claiming to be based in the United Kingdom, is mostly seen to be a red flag.
This is because the cost of forming a company in the United Kingdom is quite low, and it is practically unregulated. Furthermore, the FCA, the UK’s leading financial regulator, does not actively regulate securities fraud associated with MLM.
As a result, the United Kingdom is a popular destination for scammers trying to set up, operate, and advertise fictitious businesses.
Incorporation in the United Kingdom or registration with the Financial Conduct Authority has no bearing on MLM due diligence.
As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.
Compensation Plan for Introax
In their investment plan, Introax members invest money into the platform with the promise of daily returns of 4%, 4.5 percent, and 5% for 30 days (Principal Back at any time 25 percent fee before 14 Days, 15 percent fee after 14 Days).
Below are the available investment plans on their Platform:
- Lite Plan: If you invest $25 or more, you will receive 4% every day for 30 days
- Pro Plan –You must invest $3001 or more and receive 4.5% a day for 40 days
- Expert Plan: Finally, if you invest $10,001 or more, you’ll get 5% per day for 50 days.
Withdrawal minimums are $1 for PM and ePayCore and $10 for cryptocurrencies.
There are three levels of referrals: 5%, 3%, and 1%; Introax pays referral commissions on cash invested by people you referred in the first three phases of the recruitment process (unilevel)
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Introax states it accepts Perfectmoney, Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, Dash, Dogecoin, Tether, Epaycore, Tron, Binance, and Stellar as its payment systems.
The Introax affiliate program is completely free.
It requires a USD 25 or cryptocurrency investment to fully participate in the associated income opportunity.
So far, the platform has been running since the 25th of January, so it is still early to confirm if it is legit.
However, all we know is that Introax claims that nonspecific trading provides ROI revenue. Anyone capable of consistently producing a 5% profit per day isn’t going to give it away for free.
We can also conclude in this review that since new investment is the only source of revenue we know entering Introax, it is a Ponzi scam that uses new investments to pay daily returns.
As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well. Introax will in the long run not be able to meet up its ROI demand as a result, eventually collapsing.