Finovate.io Review – Legit 2.5% Daily ROI Crypto MLM or Ponzi Scam?
- Crypto MLM Reviews
- February 6, 2022
Welcome to my Finovate.io Review!
There has been some buzz about this company and I decided to take a closer look.
Chances are someone approached you about the passive income opportunity and now you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Just PAY close attention and read this to the end…
What Is Finovate.io Review?
Finovate has a team of professional traders who manage and trade your funds into NFT tokens to produce high returns.
They claim with this method you can get up to 400% return on investment.
Finovate does have a UK incorporation under the company “Finovate Invest Group LTD” with the company number 13679728.
Under “People”, I found Michael Collier as the director of the company.
The address: 28 Eccleston Square, London, England, SW1V 1NZ looks like a residential area:
Unfortunately, there is no digital footprint on the Director of the company.
Finovate.io doesn’t have any information on who runs or owns the company…
The domain “Finovate.io” was privately registered on October 13th, 2021.
The company claims it’s a legal company, but they don’t have any registrations with the FCA which they need to offer securities in the UK.
What Are Finovate Invest Group LTD Products?
Finovate doesn’t have any retail products or services but you can become an affiliate and promote their affiliate membership.
Even though they claim they trade, I couldn’t find any evidence of it just like their director…
How To Make Money With Finovate Review?
Finovate.io has two ways you can earn with the company.
First way is to invest into one of their investment plans and start earning a guaranteed return.
Second way is for you to recruit new affiliates into the company who invest.
Finovate.io offers three investment plans to choose from with different minimum amounts and returns.
- Plan 1 – invest $30 to $50,000 and receive 2.5% daily ROI for 20 days
- Plan 2 – invest $1,500 to $50,000 and receive 200% ROI after 10 days
- Plan 3 – invest $2,500 to $50,000 and receive 400% ROI after 3 days
Below are the currencies you can invest with:
Referral commissions are paid through a unilevel compensation plan structure.
Finovate.io caps their unilevel at three levels and you earn a percentage on the invested funds by your downline.
- Level 1 – 5% (personally sponsored affiliates
- Level 2 – 2%
- Level 3 – 1%
Another company that is very similar is Intelligence Prime Capital.
Cost To Join Finovate.io Reviews
Finovate affiliate membership is free to join, but if you want to be part of the investment opportunity, you must invest anywhere between $30 to $50,000 in the crypto currencies they support.
What Are Other Finovate Reviews Saying?
The website has only been live for 5 days when I am writing this review so right now all of the Finovate reviews are 100% biased.
They are done by affiliates who just want to earn commissions on you.
Video Review Of Finovate
Final Verdict On Finovate.io
Does the Finovate.io scam exist?
Let’s just look at the facts…
First we don’t know who runs or owns the company but wants you to invest up to $50,000 in cryptocurrencies…
Second, they they talk about trading and that’s how they produce these larger returns but have no proof of it.
Third, they are not registered with the FCA in order to offer securities…
What I can verify is new investments paying off existing members which makes this company a ponzi scheme.
Plus if they could legally pull in up to 400% ROI’s, they wouldn’t need an affiliate program and investment plans starting at $30.
Think about it logically…
Right now, the company is paying out but it can exit scam at anytime…
I have seen companies last 21 days to 2 years so you just never know.
What I do know is 99% of the people who invest lose out.
I personally can’t recommend this ponzi scheme.
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