BonavestStockFX fails to supply possession or government info on its web site.
BonavestStockFX’s web site area (“bonaveststockfx.com”), was privately registered on March ninth, 2023.
If we have a look at the web site source-code for BonavestStockFX, we discover references to Classic Plus Commerce.
Classic Plus Commerce makes use of the identical web site template as BonavestStockFX.
Classic Plus Commerce pitches returns of as much as 180,000%, making it an apparent Ponzi scheme.
The identical scammers behind Classic Plus Commerce seem like behind BonavestStockFX.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
BonavestStockFX’s Merchandise
BonavestStockFX has no retailable services or products.
Associates are solely in a position to market BonavestStockFX affiliate membership itself.
BonavestStockFX’s Compensation Plan
BonavestStockFX associates make investments funds on the promise of marketed returns:
- Starter – make investments $100 and obtain 2% a day
- Primary – make investments $5000 and obtain 4% a day
- Commonplace – make investments $10,000 and obtain 5% a day
- Premium – make investments $20,000 and obtain 7% a day
- Government – make investments $100,000 and obtain 10% a day
BonavestStockFX pays referral commissions on invested funds down two ranges of recruitment:
- stage 1 (personally recruited associates) – 5%
- stage 2 – 3%
Becoming a member of BonavestStockFX
BonavestStockFX affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $100 funding.
BonavestStockFX solicits funding in USD and varied cryptocurrencies.
BonavestStockFX Conclusion
BonavestStockFX represents it generates exterior income through “automated buying and selling”.
No proof of BonavestStockFX paying withdrawals with automated buying and selling income is supplied. Moreover, BonavestStockFX’s enterprise mannequin fails the Ponzi logic check.
If BonavestStockFX was in a position to generate 10% a day via automated buying and selling, what do they want your cash for?
BonavestStockFX’s advertising and marketing claims additionally crumble upon scrutiny.
On its web site, BonavestStockFX claims to “maintain an AFS license, issued by the USA Securities & Investments Fee”.
Placing apart this can be a lazy copy and paste from the Classic Plus Commerce Ponzi scheme, initially there is no such thing as a “USA Securities and Investments Fee”.
There is a US Securities Alternate Fee, but it surely doesn’t situation AFS licenses. AFS licenses are issued by the Australia’s ASIC regulator.
We will additionally search the SEC’s public Edgar database and ensure that neither Classic Plus Commerce or BonavestStockFX are registered to supply securities within the US.
In abstract, just about all the things on BonavestStockFX’s web site is baloney -which performs into the scammers behind it operating a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve BonavestStockFX of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.
