The BitinForex is doing rounds online, but the website contains no information regarding the owner or manager of the business. This leaves more questions than answers, all to the conclusion that the site is a scam linked to Top10Cap and CoinFinexx.
While Top10Cap and CoinFinexx have separate websites, both sites contain no information about the ownership or management of the websites.
Top10Cap website domain was registered on March 6, 2018 while that of CoinFinexx was registered on December 3, 2018. Both websites were privately registered.
As MLM reveals, a listed company that has no information about who runs or owns it is most likely a scam. Therefore, users are advised to think long and hard about joining the programs therein, or handing over any money.
On the BitinForex website, there are no retail products or services. Its affiliates can only market affiliate membership and nothing else.
BitinForex Compensation plan
If you are a BitinForex affiliate, you can invest in Top10Cap points, which yields up to 600% ROI or you can also choose the 6-month maturity period, but it will depend on whichever comes first. The daily ROI payouts depend on the amount you invest as a BitinForex affiliate. In that connection, investments yield as follows:
- $100, $200, or $600 yields 2% every day
- $1200, $2400, $5000, or $8900 yields 3% every day
- $10,000 yields up to 4% every day
Users should understand that all the investment deposits within the BitinForex platform, including ROI and commission payouts, are done in Top10Cap points (TPX).
From the funds generated from the investments of personally recruited affiliates, BitinForex is able to pay the recruitment commissions. The commission depends on the amount invested by a newly recruited affiliate. For instance, investments of:
- $100, $200, or $600 yield a 5% recruitment commission
- $1200 and above yield a 10% recruitment commission
Residual Commissions (Unilevel)
BitinForex offers residual commissions, which can elevate an affiliate to the peak of the unilevel team. In that situation, each personally recruited affiliate is placed directly below level 1.
Each new affiliate recruited by level 1 comes on level 2 or the original affiliate’s team. Similarly, any new affiliates recruited by level 2 are placed on number 3 and so on. The maximum unilevel team payable is 5.
- Affiliates with investments of $100, $200, or $600 can receive a 2% residual commission down to three unilevel team levels.
- Affiliates with $2400 and above can receive a 2% residual commission down to five unilevel team levels
Residual Commissions (binary)
BitinForex also has a binary compensation structure that puts an affiliate at the top of a binary team, but split into two sides—either left or right.
The first level of the binary team contains two positions, while the second level is generated by dividing the initial two positions to create two positions each. Users should also note that all binary commissions are calculated through TPX points.
On their official website, BitinForex is defined as a fully-fledged platform that utilizes artificial intelligence to simultaneously trade in the largest exchanges, Cryptocurrency, and Forex markets across the world. They claim that they generate positive results for both aspiring and experienced investors, simply and automatically. Popular features include:
- Connected with the largest exchanges
- The best opportunities in crypto coins
- The best opportunities in Forex
- The main market news
- The best reviews and results
- Increase your daily profits
The platform claims it offers users the best tools to make money every day. The following are its exclusive benefits:
- Friendly and fully responsive: users can access the platform from various devices including desktop, tablet, and cell phones.
- Investment and acceptable values: the investment plans available for trading have values that serve both small and medium investors.
- Completely automatic: the platform is automatic and performs audited trading 24 hours monitored by expert traders.
- Exclusive access: it offers the best tools for anyone wishing to make money in the market of cryptocurrencies and forex.
- Guaranteed income: the results are shared with investors on a daily basis
- Special opportunities: Talk to one of the leaders to see all the benefits of being a member at BitinForex.
Before joining BitinForex, users should understand how the website relates to Top10Cap and CoinFinexx. Top10Cap was initially launched in March 2018 and held an ICO for its TPX cryptocurrency in early April 2018.
Based on the unclear information on its website, BitinForex could be running a crypto Ponzi scheme, which is mean to fleece investors of their hard-earned money.