Sytrex Trade’s website doesn’t have information about who owns the company or who runs it.
The domain name for Sytrex Trade’s website, “sytrextrade.com,” was registered privately on June 15, 2022.
Sytrex Trade’s website has information about how “Bitt-X Limited” was formed so that it looks like a real company.
In 2018, Bitt-X Limited was formed in the UK. In July 2018, the shell company was shut down.
No matter if Bitt-X Limited has anything to do with Sytrex Trade or not, an MLM company that is based in the UK says it is a red flag.
In the UK, forming a company is very cheap and isn’t regulated at all. On top of that, the FCA, which is the UK’s top financial regulator, doesn’t do much to stop securities fraud related to MLMs.
Because of this, the UK is a popular place for scammers to start, run, and promote fake businesses.
Incorporation in the UK or registration with the FCA doesn’t mean anything when it comes to MLM due diligence.
Sytrex Trade says on its website that it was “founded in 2015,” but it has only been around for about two months.
On the homepage of Sytrex, there is a plugin chart with data from “investing.com.” If we right-click on the chart, we can see that the default language for the plugin is Russian:
This makes it very likely that whoever is behind Sytrex Trade is from Russia or has ties there.
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
The goods sold by Sytrex Trade
Sytrex Trade has no products or services that can be sold.
Affiliates can only sell the affiliate membership to Sytrex Trade.
The Pay Plan for Sytrex Trade
Affiliates of Sytrex Trade put money in with the promise of advertised returns:
Starter Plan: Invest between $50 and $1,000 and get 125% back in 7 days.
Plan A: Invest between $1,000 and $10,000 and get 150% back after 7 days.
Plan A: Spend between $10,000 and $25,000 and get 75% back after 7 days.
Executive Plan: Put in at least $25,000 and get back 200% in 7 days.
Skytrax gives referral commissions on money invested down two levels (unilevel):
level 1 (affiliates you recruited yourself): 6%
level 2 – 10%
When you join Sytrex Trade
It’s free to become a Sytrex Trade affiliate.
To fully take part in the attached income opportunity, you must invest at least $50.
Sytrex Trade asks for investments in US dollars through Perfect Money and in several digital currencies.
The End of Sytrex Trade
Forex trading is how Sytrex Trade brings in money from outside sources.
Our stock market experts use a unique strategy to make sure all of our partners make money, so you don’t have to worry about the safety of your money, even though this type of investment can be risky.
Sytrex Trade doesn’t show any signs of trading. It also doesn’t show that any kind of outside money was used to pay for withdrawal requests.
The business model of Sytrex Trade also fails the Ponzi logic test.
Anyone who can make a 200% return on investment every seven days isn’t going to let you in for free. No matter how much you pay, they won’t let you in.
If someone could make 200% every week, they would invest, reinvest every week, and soon become the richest person on the planet.
At the moment, the only source of income that can be proven to be coming into Sytrex Trade is new investments.
Sytrex Trade is a Ponzi scheme because it uses new investments to pay out ROIs.
As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.
This will stop Sytrex Trade from getting money from ROI, which will eventually cause it to fail.
The math behind Ponzi schemes makes it clear that most people will lose money when they fail.