Essencefx

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Huge forex bonuses

EssenceFX Review: Shady; unit investment; trading scheme, essencefx.

At the time of publication alexa estimates that 98% of traffic to the essencefx website originates out of malaysia.

Essencefx review: shady “unit investment” trading scheme

Essencefx provides no information on its website about who owns or runs the business.

In the footer section of its website, essencefx represents it is incorporated in vanuatu.

Vanuatu has emerged as a scam friendly jurisdiction, particularly within the MLM finance niche.

Unless it is based out of vanuatu, there is no legitimate reason for an MLM company to incorporate itself there.

As opposed to vanuatu, it is far more likely that whoever is running the company is based out of malaysia.

At the time of publication alexa estimates that 98% of traffic to the essencefx website originates out of malaysia.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Essencefx products

Essencefx has no retailable products or services, with affiliates only able to market essencefx affiliate membership itself.

The essencefx compensation plan

Essencefx affiliates deposit funds on the expectation of a passive return.

Standard – invest $100 to $10,000

Elite – invest $10,001 to $50,000

Prime – invest $50,001 or more

Higher returns are implied on larger investment amounts.

Essencefx investment is made in “lots”, of which no specific details are provided.

The MLM side of essencefx sees commissions paid on funds invested by recruited affiliates.

Referral commissions

Essencefx pays referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Essencefx caps payable unilevel team levels at eight.

Referral commission rates are determined by how much an essencefx affiliate has convinced others to invest.

There are two tiers of referral commissions in essencefx. Qualifications for each tier are as follows:

Introducing broker – recruit at least thirty affiliates who invest $100 or more each, generate at least $5000 in personally recruited affiliate investment volume and at least $15,000 in total unilevel team investment volume

Master partner – recruit at least one hundred affiliates who invest $100 or more each, have at least five introducing brokers in your unilevel team, maintain at least $1000 in downline monthly investment volume and $3 million in total unilevel team investment volume

Regular essencefx affiliates earn the following residual commission rates:

$2 per lot investment by personally recruited affiliates

$5 per lot investment by level 1 introducing brokers (personally recruited)

60 cents per lot investment by level 2 introducing brokers

30 cents per lot investment by level 3 introducing brokers

20 cents per lot investment by level 4 introducing brokers

10 cents per lot investment by level 5 to level 8 introducing brokers

For introducing brokers and master partners, the residual commission rate on level 1 introducing brokers is increased to $6.50.

Presumably there are other benefits to qualifying at master partner, however these are not disclosed in essencefx’s compensation plan.

Joining essencefx

Essencefx affiliate membership is free.

Full participate in the attached income opportunity however requires a minimum $100 investment.

Conclusion

Essencefx attempts to confuse visitors to its website with a barrage of financial trading information.

Beneath that is a simple fraudulent investment scheme with pyramid commissions.

Essencefx represent external ROI revenue is generated through forex, commodities, precious metal and indicies trading.

No evidence of any of these trading activities is provided.

Furthermore essencefx is not licensed to provide financial services in malaysia, meaning the company is operating illegally in its target investor market.

Pyramid scheme commissions are paid by way of essencefx having no retailable products or services. Although it should be noted this is secondary to financial fraud concerns.

And although they don’t seem to have any significant business outside of malaysia, another red flag is found in essencefx’s website footer:

Please note: essencefx does not service US-based entities or residents of any kind.

None of the trading activities essencefx claims to engage in are illegal in the US. What is illegal is running ponzi schemes.

Unfortunately the bank of malaysia does little more than add fraudulent schemes to a list. The fact of the matter is you’re far more likely to get away running a ponzi scheme in malaysia than in tighter regulated jurisdictions.

Obviously those running essencefx are aware of this, hence the “no US” and shell company incorporation in vanuatu.

At the end of the day essencefx relies on a constant stream of new investment to stay afloat.

Once affiliate recruitment dies down so too will new investment, eventually prompting a collapse.

The math behind ponzi schemes guarantees that when they collapse, the majority of investors lose money.

Essencefx review

Essencefx

Reason to avoid: offshore license

Listed date: september 7, 2019

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Beware essencefx is a non-regulated broker. It is NOT SAFE to trade.

Essencefx is a global broker providing online currency trading services. The company provides access to a large choice and range of financial markets to trade, including forex markets, indices, and commodities, all on the MT4 platform.

About essencefx

��️ registered in	vanuatu
��️ type of license	offshore license
��️ is essencefx safe to trade	no
��️ recommended licenses	FCA in UK �� & ASIC in australia ��
�� alternative broker	IC markets - licensed by ASIC in australia

Is essencefx a scam or legit broker?

No, it is not safe to trade with essencefx. The company is wholly owned by essence markets limited under registration number 40309, regulated by the vanuatu financial services commission, and incorporated in the republic of vanuatu.

Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial establish capital which is $2,000 only, to pay a fee, and within a 2-3 month, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as RCM FX, rickglobal and more.

As to the broker’s VFSC license, from our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. We have a detailed article explaining the risk of trading with brokers from vanuatu.

The broker provides hong kong contact phone number, however, it is not located or authorized by its local securities & futures commission of hong kong. This usually means the broker has been targeting locals, illegally offering them financial services.

We advise all investors and traders to avoid essencefx and other brokers from vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in australia and reliable brokers such as avatrade and FXTM.

Essencefx

What do traders say about essencefx ?

After doing some research, we found out that a lot of traders are reporting essencefx and writting bad reviews about it.
It seems like they are not happy about it and they warn others not to trade with them.

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about essencefx.

What do regulators say about essencefx ?

This is the most important thing you need to know about a broker before using it. Is essencefx regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complaint about it unless they are licensed by a serious regulator such as the cysec (cyprus securities and exchange commission).

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Essencefx is an offshore broker owned by essence markets limited and located at law partners house, kumul highway, port vila, vanuatu.

They can be contacted by phone at this number : +85237072209 or you can send an email to support@essencefx.Com.

You should definitely avoid any unregulated or offshore broker and essencefx is one of them.

Have you been scammed by essencefx ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Our team of experts is available 24/7 in order to help you recovering your hard-earned money.
After asking you some questions, they will be able to build a chargeback case to fight the broker and get your money back as soon as possible.

Chargeback is the solution

As we said before, the good news is that there is a solution and it’s called a chargeback.
But what is a chargeback ?
A chargeback is the retroactive cancellation and refund of a charge made using your credit card.

Not a lot of people know that, but there is a high probability of getting your money back when you build a chargeback case as long as it is built correctly from the beginning to the end.

Using a chargeback service like mychargeback may be the only way to build a correct chargeback case in order to get your money back as fast as possible.

Get your money back NOW !

Fill out the form below and get a FREE consultation today

Essencefx

Essencefx has been getting a lot of attention on the web lately.

Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.

I want to let you all know that I am NOT in any way promoting or selling essencefx.

I have simply gathered for you all the facts in this essencefx review in order for you to make a proper decision about it.

So, is it true? Is essencefx a scam?

Can it really help you build an online empire?

Let’s carry on with the review.

What is essencefx?

Diving right into my review of essencefx, the company’s official website doesn’t have much in the way of background information. I looked around everywhere I could on the site, but even so, I was unable to find any mention of who owns the company or who’s managing things on a day-to-day basis.

Essencefx does mention that it was incorporated in vanatu in its footer on the website, and while it may have been, this doesn’t appear to be where the company’s actually based out of.

Taking a look at alexa rankings, it’s shown that 98% of all the traffic essencefx’s website receives comes out of malaysia. In other words, this is likely where essencefx is based out of and being managed from.

What are the products for essencefx?

In regards to the product line side of things, essencefx doesn’t have a whole lot to show for.

You won’t find any goods or services being sold by essencefx to retail customers. Instead of that, the company has chosen to focus primarily on its affiliate membership.

Affiliates for the company spend their time pushing the membership on people that haven’t joined yet, and if you’ve been following the MLM space for any amount of time, you’ll know this is a pretty common business tactic.

What is the compensation plan for essencefx?

Moving right along to the compensation plan at hand, essencefx revolves primarily around investing money and then getting a return on it.

There are three investment levels that you have your choice of, including:

Standard — $100 to $10,000 investment

Elite — $10,001 to $50,000 investment

Prime — $50,001 or more investment

In addition to these investments and rois, affiliates also have the opportunity to earn additional cash via referral commissions.

Referral commissions are handled via a unilevel system, and this case, are paid down to eight levels of recruitment.

With these two systems in place, earning money with essencefx revolves around investing money, getting an ROI, and then encouraging other people to do the same thing.

What’s does it cost to join essencefx?

While it is technically free to join essencefx, you’ll need to make an investment of at least $100 if you want to take advantage of the full compensation plan that’s being offered.

Should you choose to invest more and more money into the company, you’ll stand to earn more from the rois being offered. You aren’t required to invest beyond $100, but some affiliates may definitely want to.

Just be aware of how much you’re investing and don’t spend any money you can’t afford to lose!

Is essencefx A scam?

Have you heard from a friend that essencefx is a scam?

Based on this review, it might be hard to tell.

What exactly is the truth about essencefx – is it a scam or legit?

Good news – essencefx is not a scam.

But, be sure to take a look at the conclusion, because there are some things you should be aware of.

This is how you will build a successful in your business.

Let me help you make more money.

Essencefx review conclusion

As you can see, essencefx is a pretty self-explanatory company. You invest, recruit, and rinse and repeat as often as you’d like.

Companies structured like essencefx typically don’t last for very long, but if all you want to do is make some quick money, it could be a good setup.

There’s always a bit of risk involved with these sort of MLM companies as well, but so long as you’re comfortable with that and the investment being asked of you, essencefx could work out to your benefit.

I sure hope that you have found my essencefx review helpful for you.

Some other reviews have been pretty scant on details, and I wanted my essencefx review to have all the information for you.

If you decide to carry forward with essencefx, make sure you make the most out of it and learn how to market yourself online.

Click to get my free training that shows you how.

Essencefx

What do traders say about essencefx ?

It’s always important to know what other traders are thiking about a broker before using it and we can say that they are not saying good things about essencefx.

What do regulators say about essencefx ?

This is the most important thing you need to know about a broker before using it. Is essencefx regulated ? Is it an offshore company ?

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

Essencefx is an offshore broker owned by essence markets limited and located at law partners house, kumul highway, port vila, vanuatu.

They can be contacted by phone at this number : +85237072209 or you can send an email to support@essencefx.Com.

You should definitely avoid any unregulated or offshore broker and essencefx is one of them.

Have you been scammed by essencefx ?

Have you been victim of this company ? Did you lose money with them ? Everyone does mistakes. Don’t worry, you are not alone, and we are here to help you.

Chargeback is the solution

Not a lot of people know that, but there is a high probability of getting your money back when you build a chargeback case as long as it is built correctly from the beginning to the end.

Using a chargeback service like mychargeback may be the only way to build a correct chargeback case in order to get your money back as fast as possible.

Get your money back NOW !

Fill out the form below and get a FREE consultation today

Essencefx

How to pronounce essencefx

Essencefx pronunciations

Meaning and origin

What does the name essencefx mean? Find out below.

E is for endear, all those you touch.

S is for select, as few are chosen.

S is for superb, a great attitude about life.

E is for electric, a sparkling trait!

N is for narrator, tell many stories

C is for captive, your web of charm.

E is for eager, let's get started!

F is for fabulous, yes the fabulous you!

X is for x, the mysterious side of you!

Fun facts about the name essencefx

How unique is the name essencefx? Out of 6,028,151 records in the U.S. Social security administration public data, the first name essencefx was not present. It is possible the name you are searching has less than five occurrences per year.

Weird things about the name essencefx: the name spelled backwards is xfecnesse. A random rearrangement of the letters in the name (anagram) will give sexcsenfe. How do you pronounce that?

What essencefxs have visited this page?

Past life for essencefx born jan 16, 1976

I do not know how you feel about it, but you were a female in your last earthly incarnation. You were born somewhere around the territory of spain approximately on 1000. Your profession was seaman, cook, and carpenter.

Your psychological profile shows you had a natural talent of psychologist and knew how to use the opportunities. Cold-blooded and calm in any situation. Your problem - to learn determination and persistency. Every misfortune should crash upon your strong will.

Name poster for essencefx

(click to save the high quality version)

Essencefx scam test

Essencefx is one of the youngest companies in the forex trading industry. They were founded in 2016, and their headquarters are in the small baltic country of estonia. Although they are quite new in the business, they seem to have many faithful clients who really appreciate their work. That’s why we decided to see for ourselves if they really are a legit company or is this number of satisfied traders just a clever trick. We tested them on our own, and you can read results of our investigation in the rest of this essencefx scam test. Read our unbiased analysis and find out all you need to know about this broker’s reliability!

Essencefx scam test | regulation

The very first thing you have to have in mind when choosing which broker you’d like to trade with is the regulation. Some brokers might have good trading conditions, modern website or customer support that’s always eager to help, but you definitely shouldn’t trade with them if they’re not a regulated company. Only registration under a strong financial institution can guarantee that you won’t get scammed.

Luckily, essencefx is registered under the ministry of finance of estonia. As you know, the ministry of finance is government’s body that takes care of financial and fiscal policies. Since estonia is a member state of european union, their activities have to comply with strict european monetary rules. We’d also like to add that we teste all of the payment methods available on the website, and we are happy to report that there were no troubles with depositing or withdrawing our money. Moreover, the company keeps your account safe in other ways. The next part of our essence FX scam test will analyze them more thoroughly.

Essencefx scam test | segregated accounts and customer support

If you want to read more about the offer here, make sure you check out our essencefx review 2018, as we will only be discussing safety features here. Besides regulation, essencefx have implemented some extra measures of precaution. The most important thing is that they keep clients’ funds in accounts that are segregated from the company’s. In other words, with accounts being segregated, you can be completely sure that your money won’t be used to, for example, pay back creditors in the unlikely event of the company’s default.

Furthermore, we’d like to underline essencefx’s customer support. We’ve communicated with them in various ways. If you have some minor problem that can be solved in a couple of seconds, you can talk to them via live chat. If you think that the issue is more complex, you can always send an email. In both cases the company’s staff will help you almost immediately.

Essencefx scam test | conclusion

There’s not much left to say in the conclusion of our essencefx scam test. First of all, the company is registered under the estonian ministry of finance, so you can be completely sure they won’t take your money and leave. Besides that, the company takes care of money by segregating clients’ accounts from the accounts of their own. Having in mind that their customer support is excellent as well, we really think you should open an account with essencefx. You will enjoy every second of trading with them!

Essencefx review: pyramid scheme underbelly trading niche

Essencefx has mentioned no names regarding who operates the company or who owns it. The website does say that the company is incorporated in vanuatu. Vanuatu is known for breeding scams specially for companies operating in the MLM niche.

If essencefx is not based out of vanuatu, which it doesn’t based on the alexa estimates, the company is surely planning a scam. According to the alexa scam, the maximum traffic of about 98% comes from malaysia. This indicates that the company is from malaysia.

The company does not have any products or services that can be retailed. The affiliates can only connect with the company through their affiliate membership plans. To join their membership plan and to enjoy full participation, one must pay a minimum of $100. For beginners, the membership comes free though but with restricted benefits.

Essencefx does not provide proper information about the company and isn’t transparent to its investors. This puts the company in the high risk zone. You must think wisely before giving your money to anonymous admins who have no face or name.

Essencefx – the compensation plan

According to the company’s terms, an investor has to deposit fund for receiving passive returns.

Standard plan: one must invest between $100 and $10,000

Elite plan: one must invest between $10,001 and $50,000

Prime plan: one must invest $50,001 or more

As you can expect, the more you invest the higher you get paid through their return plans.

Essencefx – the referral commission

The company uses uni-level compensation plan to pay referral commission to its affiliates. In a uni-level compensation plan, an affiliate is placed on the top order. The ones who are recruited personally are placed directly under the one who recruited them.

For example, the affiliates who are recruited by the top affiliate are placed on level 1. The affiliates who are recruited by the level 1 affiliates are placed on level 2 and so on.

The cap is made at the eight level. Also, the company determines the referral commission based on the amount one persuades others to invest in the plan. Accordingly, there are two tiers of referral as follow:

Introducing broker: one must recruit a minimum of 30 affiliates who invest $100 or more each. And, generate a minimum of $5000 in personally recruited affiliate investment volume as well as at least $15,000 in cumulative of entire unilevel team investment volume\

Master partner: one must recruit a minimum of 100 affiliates who invest $100 or more each. One must own at least 5 introducing brokers in the uni-level team. And, maintain at least $1000 in downline monthly investment volume and $3 million cumulative of uni-level team investment volume

Residual commission

Plan 1: one earns $2 per lot investment by their personally recruited affiliates

Plan 2: one earns $5 per lot investment by level 1 introducing brokers

Plan 3: one earns $0.60 per lot investment by level 2 introducing brokers

Plan 4: one earns $0.30 per lot investment by level 3 introducing brokers

Plan 5: one earns $0.20 per lot investment by level 4 introducing brokers

Plan 6: one earns $0.10 per lot investment by level 5 till level 8 introducing brokers

Essencefx – reviews

Diana C: trust me, these guys are monsters with no empathy. They will take your money and will never look back as if you never existed.
P shaw: fraud. I invested and still cannot see the money in my account. The customer care never listens.

The conclusion from the above reviews

As you are see, the company is not trustworthy and people are facing trouble getting their answers back from the customer care. Not just that, it seems fishy as the company operates from malaysia and incorporated in vanuatu.

The verdict

If you will visit their website, you may be confused by the plethora of information they have tried to put regarding their fake claims. If you will look deeper, all you will find is a pyramid scheme underbelly trading niche.

As there is no proof that the company is engaged in forex and other financial trading, the only source of revenue left is the recruitment investment. So, once the recruitment will dry, the ROI will stop as well.

The ones joining at the beginning of the scheme may get something back. However, the majority of the affiliates will lose money. If anyone would be making any benefit, then it will be the anonymous admins.

Hence, I would suggest not investing in this fraudulent plan and decide wisely.

Essencefx

How to pronounce essencefx

Essencefx pronunciations

Meaning and origin

What does the name essencefx mean? Find out below.

E is for endear, all those you touch.

S is for select, as few are chosen.

S is for superb, a great attitude about life.

E is for electric, a sparkling trait!

N is for narrator, tell many stories

C is for captive, your web of charm.

E is for eager, let's get started!

F is for fabulous, yes the fabulous you!

X is for x, the mysterious side of you!

Fun facts about the name essencefx

How unique is the name essencefx? Out of 6,028,151 records in the U.S. Social security administration public data, the first name essencefx was not present. It is possible the name you are searching has less than five occurrences per year.

Weird things about the name essencefx: the name spelled backwards is xfecnesse. A random rearrangement of the letters in the name (anagram) will give eefcexsns. How do you pronounce that?

What essencefxs have visited this page?

Past life for essencefx born sep 14, 1968

I do not know how you feel about it, but you were a male in your last earthly incarnation. You were born somewhere around the territory of eastern australia approximately on 800. Your profession was map maker, astrologer, and astronomer.

Psychologically, you were timid, constrained, and quiet. You had creative talents, waited until that life to be liberated. Sometimes environment considered you strange. Your main task - to make the world more beautiful. Physical and spiritual deserts are just waiting for your touch. Keep smiling!

Name poster for essencefx

(click to save the high quality version)

Essencefx.Com review

Reviewer: james goode

Rating: 0 out of 5

Summary: scam

Issues withdrawing your investment from this broker? Our scam busting experts will help you to recover your investment - free signup

Essencefx.Com review

❌ if essencefx.Com is offering you trading advice or investment opportunities you should check to see if they are regulated as they could be breaking the law.

These types of sites are called HYIP (high yield investment programs) and are well known for scamming people of all their money by promising that trading is risk free and then loosing all of your investment.

Essencefx.Com appear to mainly market to clients in europe and the USA via telephone marketing and posting on social media such as tiktok and instagram.

Essencefx.Com is currently offline or has closed down.

Essencefx.Com was first registered 4 years 223 days ago.

View owner and registration details for essencefx.Com by clicking here

Essencefx.Com has some age to the domain name which is a good sign. ✅
nortons virus scan status: untested ❌

We can also see that the domain name providor which was used to register the domain is listed as suspicious.

If essencefx.Com is offering forex trading you should check to see if they are regulated as most forex brokers are scams.

This company should not be trusted with any of your funds as they have only just recently appeared on the web .

Usually scam brokers and scam trading platforms will make you some small quick profits on a small investment before then pressuring you to add a big sum of money which you will then never see again!

You can read more about how these scams work here: U.S. SECURITIES AND EXCHANGE COMMISSION .

The real truth is that this company is unregulated and your funds are not protected in any way and you should never invest your funds in such a company.

So, let's see, what we have: essencefx review: shady “unit investment” trading scheme essencefx provides no information on its website about who owns or runs the business. In the footer section of its website, essencefx at essencefx