EminiFX Review: Legit or Crypto Scam?

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Most crypto scams offer the option of generating passive income without showing proof of the said generation strategies and this often leads to their collapse and loss of investor’s money.

EminiFx is one of the companies promising various ways to earn passively and in this review, we are going to take a deep look into it and find out what it is all about. At the end we will see what other people have to say and I will determine whether this trading company can be trusted or if it is a ponzi scheme.

Before I start…

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EminiFX Review: Legit or Crypto Scam? 5

EminiFx Review

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What is EminiFx?

EminiFx is a trading and investment company that uses an automated trading bot to trade forex and cryptocurrency.

The company promises an ROI to members that make a deposit in one of the investment plans they have to offer.

Eminifx ReviewThey claim that the ROIs are generated by the automated trading bot, known as the Robo-Advisor, through looking for specific trading signals that will theoretically trade the best trades.

It reminds me of other services that rely on AI like Algo Trading Robot and Cryptologic Trading Robot.

EminiFx also has an affiliate program for its members as an additional income-generating opportunity. Affiliates earn commissions and bonuses for recruiting people in their downline.

Research reveals that this investment company does not have any proof of regulation by financial regulators such as the Commodity Futures Trading Commission and that alone is a huge red flag. Investors are usually often advised to avoid investing with unregulated brokers.

EminiFx has since gone into receivership. David Castleman is the man that was appointed as Receiver over EminiFX, Inc. As a result, the company no longer operates as a trading platform of any kind. Therefore, you should avoid using the EminiFX platform in any way or try to deposit any additional funds into EminiFX.

That being said, we will look into how EminiFX used to operate before its troubles.

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Who founded EminiFx?

The EminiFx website does not provide any information on who owns and runs the company. Further research on the founders reveals an Eddy Alexandre as the CEO.

Eddy Alexandre

There is not much on Eddy except that he was recently arrested on accusations of defrauding millions of investors of $59 Million with EminiFx. Many have defended him claiming that he offered them and their family members a life changing opportunity. He was later released on bail.

On doing a domain names search on EminiFX.com, it was revealed that this domain was privately registered on 25th November 2021. The address given is in the Southern district of New York.

Since it is privately registered, the information on the domain’s admin was not available for public viewing.

Furthermore, I discovered that EminiFx has one marketing video that has stock footage with a non-native English speaking voiceover. This does not reveal much about the company.

The EminiFx platform receives its main source of traffic from the United States(94%).

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What are the EminiFx Products/Services?

EminiFx offers investment plans and an automated trading bot known as Robo-Advisor or RA3 that trades cryptocurrency and forex for the members.

There are twelve available investment plans and the ROI generated depends on the investment plan that you choose.

They are as follows:

  • Starter Package – invest from $99 to $499
  • Bronze Package – invest from $500 to $2499
  • Silver Package – invest from $2500 to $4999
  • Gold Package – invest from $5000 to $9999
  • Platinum Package – invest from $10,000 to $24,999
  • Ruby Package – invest from $25,000 to $49,999
  • Sapphire Package – invest from $50,000 to $99,999
  • Emerald Package – invest from $100,000 to $249,999
  • Executive Diamond Package – invest from $250,000 to $499,999
  • Founders Executive Diamond Package – invest from $500,000 to $999,999
  • Crown Ambassador Package – invest from $1,000,000 to $1,999,999
  • Founders Crown Ambassador Package – invest with $2,000,000 or more

The trading bot can also be hooked to your own trading account at a fee. Traders are usually charged from $3 to $25 per trading lot.

All the investment packages have a monthly fee of $29.99 and 30% of generated returns are also charged in fees.

To add to that, there is a 0.5% fee charged on all deposits and withdrawals out of EminiFX.

The company also offers an affiliate program that pays affiliate members commissions and bonuses on recruitment.

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How to make money with EminiFx?

The EminiFx business offers two ways to make money;

  • Generating ROIs using the robo assisted advisor account or through your own account trading commissions
  • Commissions and bonuses earned from the affiliate program

The EminiFx compensation pan contains ten affiliate ranks with different qualification criteria. They include:

  • Associate – sign up as an EminiFX affiliate member and invest $99 or more
  • Platinum Associate – invest $500, generate $25,000 in downline investment volume (no more than $15,000 from one recruitment leg), recruit and maintain three personally recruited Associates
  • Junior Executive – invest $2500, generate $250,000 in downline investment volume (no more than $150,000 from any one recruitment leg), recruit and maintain one Platinum Associate
  • Senior Executive – invest $5000, generate $1,000,000 in downline investment volume (no more than $450,000 from any one recruitment leg) recruit and maintain one Executive or two Junior Executives
  • Junior Director – invest $10,000, generate $5,000,000 in downline investment volume (no more than $2,250,000 from any one recruitment leg) recruit and maintain two Senior Executives or one Senior Executive and two Junior Executives
  • Director – invest $25,000, generate $10,000,000 in downline investment volume (no more than $4,500,000 from any one recruitment leg) recruit and maintain one Junior Director or three Senior Executives
  • Senior Director – invest $50,000, generate $25,000,000 in downline investment volume (no more than $11,250,000 from any one recruitment leg) recruit and maintain one Director or two Junior Directors
  • 1 Star Ambassador – invest $100,000, generate $50,000,000 in downline investment volume (no more than $25,500,000 from any one recruitment leg) recruit and maintain one Senior Director or two Directors
  • 2 Star Ambassador – invest $250,000, generate $100,000,000 in downline investment volume (no more than $45,000,000 from any one recruitment leg) recruit and maintain two 1 Star Ambassadors
  • Crown Founder Ambassador – invest $500,000, generate $200,000,000 in downline investment volume (no more than $90,000,000 from any one recruitment leg) recruit and maintain one 2 Star Ambassador and one 1 Star Ambassador

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Here are some of the commissions and bonuses earned as an affiliate member of EminiFx:

Automated trading referral commissions

The company pays out referral commissions on automated trading packages:

  • refer a Starter Package- receive $10
  • refer a Bronze Package- receive $50
  • refer a Silver Package- receive $125
  • refer a Gold Package- receive $250
  • refer a Platinum Package- receive $500
  • refer a Ruby Package- receive $1250
  • refer a Sapphire Package- receive $2500
  • refer an Emerald Package- receive $5000
  • refer an Executive Diamond Package- receive $15,000
  • refer a Founders Executive Diamond Package- receive $25,000
  • refer a Crown Ambassador Package- receive $50,000
  • refer a Founders Crown Ambassador Package- receive $100,000

The packages can be bought by recruited affiliates or retail customers.

The referral commissions are also paid out as the difference between the package upgraded to and from.

Furthermore, there is a matching bonus that is earned on referral commissions earned by affiliates in your downline. These are paid out via a unilevel compensation structure.

For a unilevel compensation structure, an affiliate is placed at the top of a unilevel team, with every personally recruited affiliate placed directly under them:

Unilevel compensation plan

Whenever any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team. This goes on for a theoretical infinite number of levels.

The trading company caps the referral commission matching bonus at seven unilevel team levels:

  • level 1 – 5%
  • level 2 – 2%
  • levels 3 to 5 – 1%
  • levels 6 and 7 – 0.5%

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Trading revenue commissions

EminiFX pays out a commission on earnings on trading revenue earned by unilevel team affiliates. These commissions are paid out weekly.

The company’s compensation plan caps trading revenue commissions at nine unilevel team levels:

  • level 1 – 5%
  • level 2 – 2%
  • level 3 to 5 – 1%
  • level 6 and 7 – 0.5%
  • level 8 and 9 – 0.25%

Monthly fee commissions

EminiFX charges all their automated trading commission customers a month fee of $29.99. This fee is used to pay out monthly residual commissions.

The monthly residual commissions are paid to affiliates down nine unilevel team levels:

  • level 1 – 5%
  • levels 2 – 2%
  • level 3 to 5 – 1%
  • level 6 and 7 – 0.5%
  • level 8 to 9 – 0.2%

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Recruitment bonus

EminiFX affiliates that sell three Bronze or higher automated trading packages within 45 days of signing up will receive a commission of $150.

If they sell packages that are Silver or higher, their bonus will be raised to $750.

Luckily, it is possible to qualify for both bonus tiers, either at once or sequentially. However, the 45 day limit applies regardless.

Rank achievement bonus

The company rewards affiliates for qualifying at Platinum Executive and higher with the rank achievement bonuses. The bonuses are paid out as follows:

  • qualify at Platinum Associate- receive $150
  • qualify at Junior Executive- receive $750
  • qualify at Executive- receive $1500
  • qualify at Senior Executive- receive $2500
  • qualify at Junior Director- receive $5000
  • qualify at Director- receive $10,000
  • qualify at Senior Director- receive $25,000
  • qualify at 1 Star Ambassador- receive $50,000
  • qualify at 2 Star Ambassador- receive $150,000
  • qualify at Crown Founder Ambassador- receive $300,000 and access to a luxury fleet of Bentley Flying Spur Range or equivalent

The Junior Director and higher rank achievement bonuses are given out monthly for up to four months.

Quarterly profit Sharing Pool

EminiFX puts away 10% of company-wide quarterly revenue and places it into the quarterly profit sharing pool.

The 10% is then split into three smaller rank-corresponding pools and given as follows:

  • Senior Executives will receive a share in a 2% pool
  • Directors will receive a share in a 3% pool
  • Ambassadors will receive a share in a 5% pool

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Own account trading commissions

These commissions are paid out as a percentage of the fees that EminiFX collects per trade lot.

The company pays own account trading commissions via the same unilevel compensation structure automated trading commissions are paid through and caps them at five unilevel teams levels.

They are paid as follows:

  • level 1– 15%
  • level 2 – 2%
  • level 3 to 5 – 1%

How to join EminiFx

To open an account with EminiFx, all you have to do is visit their website and sign up. To join their affiliate program, you will be required to pay $49.95 and a monthly fee of $9.99.

Choosing to use their automated trading services will cost you a monthly fee of $29.99 in addition to your preferred investment plan.

EminiFX Reviews

EminiFx has a rating of 4.1 out of 5 stars on Trustpilot. Most of the positive reviews are from the EminiFx affiliates and are therefore biased. A lot of them seem to have been uploaded after the CEO’s arrest.

This is what some people have to say:

Scam scam scam. Do Not put your money in there. When you try to withdraw your funds they will block your account. It happened to me. They are just preying on anyone who adds Bitcoin to their platform.

-Craig Tyrin

Eminifx is a top of the line excellent company. It’s life changing. I have been a member since October of 2021. They always delivered and paid on time. They communicate very well and they are transparent also. The only reason someone’s account would ever get blocked is if you’re caught doing something illegal or fraudulent.

Eddy the CEO has an excellent vision. However this vision is nightmare to SOME. They’re trying to shut him down because somebody gotta work the at McDonalds or drives the taxis and have not a dime after retirement.

The system isn’t created for people like me to have a way out. By Gods I will be out by any means necessary. God is on our side and victory is already ours.

I stand in solidarity with our Eminifx club and our CEO Eddy alexandre.

-Hampson Theodore

All I can say I was comfortable invested and worry free my money to the EminiFX club. We are in a competitive Financial Mkt. The CEO Eddy Alexandre has delivered its promises and stay on top of its game? I foresee haters Who wants the EminiFX by all means necessary fall apart. My CEO and Club members all I know from day1 you have been transparent and to each everyone members.I give you praise for your Genius goals and onlxy was trying to help our peoples from financial freedom.
All I can say you have our back if only court were to ask for witnesses members defrauded interviews

-Blkn Michaud

Eminifx could have done better but chose to mess my funds for no justifiable reason. Thanks to Godsent people like timothylawrence 15 atoutlookdot comthat ensured my money was returned by offering his cyberforensics service.

-Karen Searley

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Pros of EminiFx

  • The company offers various ways of generating income.
  • They have a comprehensive compensation plan

Cons of EminiFx

  • The company offers no proof of financial regulation.
  • The company’s CEO was arrested on allegations of fraud through EminiFx.
  • You are required to pay monthly fees of $29.99 too use their automated trading service and $9.99 to maintain affiliate membership.
  • Many of the company’s positive reviews are by its affiliate members who wish to promote the company and defend their CEO.
  • Their is no explanation of how the promised ROIs are generated which leads to questions on the company’s legitimacy.
  • You must register as an affiliate member to earn any real money.

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Is EminiFx legit?

EminiFx is not a legitimate investment and trading company.

One of its many red flags is that the company does not offer any proof of financial regulation and is thus an unregulated broker. Many unregulated companies are often ponzi schemes that scam people out of their hard earned money.

Is it a scam?

Furthermore, the CEO of the company, Eddy Alexandre was arrested by the FBI in May on allegations of fraud and operating a cryptocurrency and foreign exchange Ponzi-like scheme (EminiFx) that collected more than $59 million.

Reports show that the Justice Department filed a complaint claiming the platform only invested a relatively small percentage of investor funds and misdirected around $14.7 million to Eddy’s personal bank account.

The company has currently been assigned to a temporary receiver, David Castleman, who gave a preliminary report showing that EminiFx has 62000 active user accounts.

EminiFx seems to be making majority of its ‘high returns’ from new investments and this operation is quite similar to that of a pyramid scheme.

Despite the many positive reviews that have been posted on EminiFx, a majority of them were posted after Eddy’s arrest and are aimed at defending him and promoting the company thus cannot be trusted. I would not recommend becoming part of this crypto scam as it is very high risk and will likely lead to loss of money.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

EminiFX Review: Legit or Crypto Scam? 5