Sep 27, 2020
Fxfarms Review [2020]: a company offering big earning potential Online: Is It Legit Or Scam? What You Need to Know and How Does It Work
So are you thinking about joining this Forex MLM company? The good news is I am going to walk you through the company, products, and compensation plan. Just makes sure you PAY close attention and read this to the end…
You may have noticed that FX Farms is getting a lot of hype and attention these days. You might have had some friends in Network Marketing approach you about FX Farms, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting FX Farms as my own business opportunity. I am not an affiliate or distributor. I have gathered here, all the facts about FX Farms in my FX Farms Review — now you can learn all you need to know about it.
Is FX Farms really a legit business?
Is FX Farms a safe business to join?
Let me show you in my review of FX Farms.
Get started by reading my review below.
Fx farms came as an MLM forex company that trades forex. And we all know what forex trading is all about.
But if you are unsure what forex is, just know that! The forex market is a decentralized market that buys and sells currency for the purpose of making a profit from the change in value.
Forex is the largest liquid in the world with over $5 trillion average daily trade volume. It is a place individual, companies and central banks convert one currency into another.
If you have traveled overseas and exchanged currencies you have made a forex transaction.
what is Fx Farms all about, and how do Fx Farms work?
Fx farms is an exceptional forex trading platform. They claim to provide the most profitable means for investors to invest funds in forex without any limitations.
They also claim to have an innovative, creative thinking team, who are passionate about the services they deliver.
Fx farms said they would keep investor funds safe, with their hierarchical deterministic cold wallet storing all assets. They promised, no server downtimes, with their grey release feature and hot patches released on the go.
Who is the Founder of Fx Farms
Paul Miller is the founder of the elite group of traders at FX Farms. Born and raised in the UK.
Paul Miller Early Life and Career
In his early years, his family was not very financially stable. Still, they were always supportive of his education and wanted him to pursue higher education to help him build a better life.
PAUL was always a bright student right from the school days and had the urge to study finance and business administration. His background got him motivated and triggered him to achieve success and help his family grow financially.
He hopes that by acquiring degrees in finance and business administration, he would have the leverage to change his family’s financial situation, a goal which he eventually achieved. He has degrees in Finance and Business Administration. With years of experience in banking and Forex trading, he is renowned as an exceptional Forex trading expert.
The coming of Bitcoin and Digital Payments began to make a great impression on PAUL. In early 2011, he invested in Bitcoin as he believed that this might be the next big thing. His investment was the beginning of his journey into the crypto industry. He became interested in the prospect of online crypto investments and how people can tap into it for a better financial life.
While researching about the marketing and trying to monitor his investment, he noticed how much the traders were earning, and became interested in Forex trading.
He further became concerned with how to develop sustainability and offer a variety of foreign exchange and trading services. This concern led to an in-depth study of intelligent online trading, real-time market quotation, and global market information.
He began learning thoroughly, and with time, he learned how to deliver currency prices to customers in real-time with greater accuracy. His passion for and knowledge led to the creation of FX Farms, a user-friendly platform for those interested in successful currency trading. He began to use information from a variety of sources (macroeconomics, technical analysis, statistics, etc.) to make the best-educated guess on where the market is going and how well to trade.
What makes him passionate about forex trading is generating new ideas that can be used to implement actionable trades. He started FX Farms, a few years after beginning to trade currencies. It began as a way to keep himself on top of all the current financial market news and currency trends.
It has provided an additional incentive to learn about the markets, economics, and finance. Our platform has since expanded beyond the initial purpose. It now includes many traders with expertise in many aspects of the global forex markets.
From trading solo, he decided to expand, share knowledge, and collaborate with other expert traders, who currently work with him at FX Farms.
His goal for FX Farms is to provide customized and professional wealth-management services based on forex trading that would help our customers create and accumulate wealth.
Our FOUNDER leads a team of highly professional traders who have years of experience in Forex trading. Under his excellent leadership, our company provides full-service professional financial services to investors.
He is focused on optimizing business performance, enlarging overseas markets, and enhancing customer service quality by offering tailor-made services.
His desire to keep improving and innovating makes him a serial entrepreneur and a visionary committed to helping our clients have the best out of their investments.
Our impeccable performance is built on his vision and the strength of our team to run a lucrative forex trading platform.
How do Fx farms work?
Understanding how fx farms work is very simple. Fx farms is a forex investment company with expert traders with over 3 years of experience.
There are not telling you to trade forex because they know you don’t have in-depth knowledge or the right capital to start with. But then, they provide forex tutorials and signals for you as an investor.
So, now they are telling you to invest your money while they do the trading for you with their own expertise and then pay you a percentage based on your investment plan. Also, they have a networking business scheme where they compensate you for any investor you refer to fx farms.
How To Withdraw and Transfer Funds from your Fx Farms Account
How To Get Started On Fx Farms/Earn Dollars Daily From Forex Trading
How to Register & Invest in FX Farms
Fx Farms Investment Plans
Fx Farm Referal Income Program
As when a member refers to another member for investing under his own sponsor ID, the sponsor receives 5–7% as referral income.
This process continues so on and for unlimited levels, your income depends on the investment made by your referrer.
Once you become an affiliate, you’ll earn money by investing for the chance to get an ROI. FX Farms offers a few different investment plans, including:
- Base — Earn a 1.5$ ROI for 140 days after investing $25 — $100
- Trader — Earn a 1.65% ROI for 150 days after investing $1501 — $10,000
- Lead — Earn a 1.85% ROI for 170 days after investing $10,001 — $25,000
- Eagle — Earn a 2.1% ROI for 185 days after investing $25,100 — $55,000
- President — Earn a 2.45% ROI for 205 days after investing $55,500 or more
With all of these plans, the ROI is paid daily.
To supplement the money you make from the ROI, FX Farms also offers referral and residual commissions.
Referral commissions are paid when you personally recruit someone else to join FX Farms, with the amount you earn directly related to which tier you’ve invested in.
- Base — Lead — 5% referral commission
- Eagle — 6% referral commission
- President — 7% referral commission
Residual commissions are paid using a binary system, with this allowing you to earn through multiple levels of recruitment.
Fx Farms Binary Earnings 1:1
To qualify for the Binary Earnings it is mandatory for the member to refer/sponsor a minimum of two members under his/her own member ID. i.e. One member at Left Hand Side (LHS) and the second one at Right Hand Side (RHS).
The members must strictly adhere to 1:1 ratio maintenance i.e. for binary earnings it is imperative to make pairs and arrange members at the LHS and RHS.
So all you need to activate your binary is just 2 downlines on your left and right side. And with this binary activated you will earn up to 10% of the income of every pair you make in your network.
Fx Farms Royalty Income
Apart from your referral income, you will be entitled to win Royalty Income for unlimited levels. Your Royalty income will be credited to your network wallet immediately.
What Makes Fx Farm Unique
They have the best & talented professionals, who are classy and highly dedicated traders who trade in currencies, commodities, and crypto markets
- Currency Trading: Fx Farms traders have an experience of 3 years and have the best strategies to achieve amazing numbers of all the currency pairs.
- Commodity Trading: Well as you all know commodity trading has the most leverage and ahs the high volatility of returns. Fx farm’s command over the market has helped them multiply the numbers radically.
- Crypto Trading: Digital Assets may seem confusing, but we’re here to help. As fx farms, traders have the experience of 3 years and their deep liquidity ensures trade execution at the price you want.
Why You Should Invest In FX Farms
There is so much more to achieve with Fx farm, but then this what makes you want to join fx farm, Should you want to join FX Farms for yourself, you’ll need to invest at least $25 into the company.
However, as you invest more and more, you’ll increase your earning potential with the compensation plan.
- Low entry as low as $25/N13, 000
- 1.5 Daily ROI
- Daily withdrawal 1 pm to 5 pm trading days
- 100% transparency ( i.e. you can view Fx farm my fx book and their MT5 account to see their trading activities
- Forex Education and signals.
- Launching its own cryptocurrency called (FX Coin).
Forex Farms Direct Referral Commissions
When you sponsor someone in the business who invest, you can earn a commission.
FX Farms determines their commission rate by how much the affiliate themselves spent when they got started.
- Base to Lead tier affiliates receive a 5% referral commission rate
- Eagle tier affiliates receive a 6% referral commission rate
- President tier affiliates receive a 7% referral commission rate
FX Farms Residual Commissions
FX Farms pays residual commission through a binary compensation plan structure. A binary compensation plan has YOU at the top of the binary structure and splits into two sides (left and right):
The first level of the binary has two positions.
The second level of the binary splits the first two positions into another two making it four in total.
This keeps splitting unlimited lengths deep, but an MLM will have some kind of cap on this..
Positions in the binary compensation plan can be filled directly or indirectly by team members. At the end of each day, FX Farm adds up all the investment volumes on both sides of the binary structure.
Affiliates are then paid 10% on the lesser leg and are capped at a certain amount depending on what you started with:
- Base and Trader tier affiliates are capped at $1000
- Lead tier affiliates are capped at $1500
- Eagle tier affiliates are capped at $3500
- President tier affiliates are capped at $5500
Any leftover volume is carried over.
Rank Achievement Bonus
FX Farms gives you a bonus every time you qualify for a new rank.
There are a total of 7 ranks you can hit within this company:
- Leader (produce $35,000 in investment volume on both sides of the binary team) — “$300 vouchers”
- Achiever (produce $70,000 in investment volume on both sides of the binary team) — an Apple 11 Pro and “$600 vouchers”
- Professional (produce $111,000 in investment volume on both sides of the binary team) — an Apple MacBook and “$1000 vouchers”
- Diamond (produce $155,550 in investment volume on both sides of the binary team) — “$1500 vouchers”
- Legend (produce $222,200 in investment volume on both sides of the binary team) — a “watch” and $2000 vouchers”
- Elite (produce $444,000 in investment volume on both sides of the binary team) — a “sports bike” and “$3500 vouchers”
- VIP (produce $666,666 in investment volume on both sides of the binary team) — a “car”, an iPad and “$4500 vouchers”
Royalty Bonus
FX Farms compensation plan talks about this Royalty Bonus but doesn’t give any details:
- Lead tier affiliates qualify for a 0.5% Royalty Bonus
- Eagle tier affiliates qualify for a 0.75% Royalty Bonus
- President tier affiliates qualify for a 1% Royalty Bonus
is FX Farms a scam?
If you have heard that FX Farms is a scam, then you’ve come to the right place to find out the truth.
What’s the truth — is FX Farms a scam?
I would say no. However, there are some things to be aware of before joining, which I have detailed in the conclusion. You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion
After reading through my FX Farms review you will discover that they are unique and transparent not to bite more than they can chew.
Let reason this, you deposited $100 and you are receiving 1.50% every working days ( Mon — Friday ) and your investment is capped at 140 days.
That sounds professional, at least you are aware that within this period of time the company would have made 10x what you invested with and they only pay you for your support as an investor, and still they have a bigger amount in their pocket.
Their return rate is ideal and meetable, unlike other investment companies that bite more than they can chew and they don’t even reveal where they are making the money to pay their investors.
I definitely hope you have found value in my Review of FX Farms.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with FX Farms, make sure you take the time to learn how to market yourself!
DISCLAIMER : I am not a staff nor am I in any way affiliated to fxfarm management neither am I a part of fxfarm customer care. I am just a user like every other user who has used the platform thus I speak from personal experience.
You can reach out to me to ask me any question and I will answer from my own personal experience: Ogbonnaya Christian| 08067556263 | http://wa.me/2348067556263
