Skypex has attracted many investors with promises of easy income and big rewards through its affiliate and trading programs. It claims to offer high referral commissions, bonuses, and residual payouts, which make it sound appealing.
However, a closer look raises serious concerns about how the platform operates, whether it follows legal rules, and how trustworthy its business model is.
Is Skypex a good investment, or are there warning signs you should be aware of? Let’s find out.
What is Skypex?
Skypex is a multi-level marketing (MLM) platform that mixes recruiting new members with opportunities for earning passive income from trading.
Affiliates can make money by recruiting others, earning commissions, and getting bonuses.
When an affiliate recruits three people, Skypex gives them membership vouchers equal to the amount they paid for their membership.
They also get a 25% commission for each new member they bring in. However, these commissions are tied to vague sales figures, not the actual membership fees.
The platform uses a binary system, where affiliates build teams on two sides.
Commissions are based on the weaker side’s performance, and bonuses are offered for leadership and rank achievements.
Skypex also claims to generate profits through trading pools but doesn’t clearly explain how this works or where the profits come from.
Our Opinion
At first glance, Skypex’s compensation plan might seem profitable, but there are many red flags that make it a risky choice. The biggest concern is the lack of transparency.
Skypex doesn’t clearly reveal who runs the company or how it operates. It is based in Dubai but uses a shell company in Panama, which raises serious doubts about its credibility.
The platform’s main promise is earning passive income through annual membership fees, which range from $99 to $9,999.
This setup looks like a securities investment, which legally needs to be registered with financial authorities.
Skypex doesn’t show proof that it follows these rules in any country.
Another problem is its MLM structure, which doesn’t seem to involve actual retail sales.
Instead, it relies on constant recruitment to pay commissions, which is a key sign of a pyramid scheme.
Pyramid schemes are illegal and unsustainable because they collapse when new recruits stop joining.
Skypex also promises profits from trading, but if its trading model really worked, why wouldn’t it just trade and keep all the profits?
This raises questions about whether its trading claims are even true.
Additionally, Skypex uses cryptocurrencies like USDT and provides no clear rules for earning or rank qualifications.
This lack of clarity and the use of crypto, which is lightly regulated, make the platform even more questionable.
In summary, Skypex comes with too many risks. Its unclear operations, potential legal issues, and unreliable promises make it a very dangerous investment.
What to Do If You Get Scammed
If you’ve invested in Skypex and suspect fraud, act quickly. Keep all records of your transactions, including payment receipts and communications.
Report the situation to your local financial authority so they can investigate.
If you used a credit card or an online payment system, contact your provider to dispute the charges.
Many payment services offer fraud protection and may help recover your money. You should also consider talking to a lawyer to explore your options for legal action.
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