Beurax Review – A Ponzi Scam Trading Company

Beurax is a trading platform from Australia and was introduced on September 21, 2020. The site promises to provide good profit to investors. It is supposed to be an investment platform focusing on cryptocurrency trading. According to them, you can make money by recruiting members or adding cash as an investment. But the investment part is a bit suspicious, and the recruiting is similar to a pyramid scheme.

This Beurax review will prove that this platform is not safe and is considered a scam. Included in this review are some evidence that will prove it’s suspicious activities

What is Beurax?

Beurax is a trading platform from Australia and was introduced on September 21, 2020. The site promises to provide good profit to investors. It is supposed to be an investment platform focusing on cryptocurrency trading. According to them, you can make money by recruiting members or adding cash as an investment. But the investment part is a bit suspicious, and the recruiting is similar to a pyramid scheme. This Beurax review will prove that this platform is not safe and is considered a scam. Included in this review are some evidence that will prove it’s suspicious activities

The company has a unique platform and operates based on algorithms for nanosecond financial structure. Beurax both are designed to specific algorithms of various actions and differ significantly in the speed of getting information.

How does it work?

The company has a unique platform and operates based on algorithms for nanosecond financial structure. Beurax both are designed to specific algorithms of various actions and differ significantly in the speed of getting information.

To earn using the Beurax platform, you need to complete the three steps. The first step is registration. Here you will need to provide some personal data. The next step is to enter your preferred payment system. And the last step is creating a password for your account. The minimum amount to deposit to start trading or as an investment is $20, and you will earn up to 1.4%

Why Beurax is a scam?

Beurax claims that the platform is legitimate and pays its investors. But there was no proof provided that they are paying its members. If some claims that they received payment good for them. The question is up to when the company can afford to pay. Below is some evidence to prove this platform is a scam, and you should not trust it at all.

1.
No trading track record

Is Beurax legal? There is no proof that this app is legitimate. They were not able to show any verifiable evidence of trading. What they claim is not real. According to them, they trade using cryptocurrency to generate ROI. But, the truth is they are getting their money by recruiting people and use the investor’s money to pay the other members.

2.
Fake CEO and Address

Brandon Watts introduced himself as the CEO and founder of Beurax. According to him, he is a financial analyst. But upon checking in sites like LinkedIn and others, there is no Brandon Watts connected to this company.

Many of them have such names, but there is not even one that mentioned the company. Watts is a paid actor and not the real person behind Beurax. Below are some proof showing the acting portfolio of Watts.

Beurax

The address given on their website does exist. The problem there is no Beurax company occupying a space at the mentioned address.

3.
Unsustainable ROI

The software promises to pay their members 1.4 to 4.2%. They can do that because the platform is using HYIP scheme. Beurax is not allowed in the USA because it is not legal in the said country. This scam app will not survive long, particularly once the recruitment and new investments slow down. They may be able to pay some of their members but not the new ones.

Verdict

Without a doubt, Beurax is a scam, and it is not safe to invest your money in it. The investors are red-tagging it to make sure it will not harm others. It offers fake ROI, and their only source of money is from the incoming members.

Once its recruiting process starts to slow down, the company will collapse and will declare bankruptcy. This means that you cannot withdraw your money. If you are one of the victims of Beurax, feel free to comment below.

▷ Meet one of the most dangerous scams: Mind Capital.


FAQ

Is Beurax a legitimate app?

Unfortunately not. It is a scam website so make sure you stay away from it.

What is the minimum amount to deposit?

The minimum amount you need to deposit to start trading in Beurax is $200. 

How much will you earn with Beurax?

The company promises 1.2 to 1.4% ROI every day. In other words, a Ponzi scheme, therefore, it is impossible to achieve such earnings.


⊛ Do you have any extra proofs? Please share them in the comments below ⊛

2 thoughts on “Beurax Review – A Ponzi Scam Trading Company”

  1. I lost my entire worth to this scam. The MLM introducer was a close friend to whom I trusted and believed. I knew it was too good to be true now that it has seemingley disappeared from view with no announcements. I accept my loss as my extreme poor judgement this was a very clever scam using real people in a total frenzy spin of false claims for profits.
    But my question is how can a company feed themselves £50M, have 500,000 members and just disappear off the face of the earth?How is that even possible, they have not announced bankruptcy they seem to simply have run off with the peoples investment

    Reply
  2. The website is now shut down. I’ve never had this happen to me. I was about to add more money ($1400 so far). This is not good.

    Reply

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