It’s likely that you have come across Aldamax through an email list, on social media or got it recommended by a friend or family member.
Is Aldamax a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Aldamax review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining PRODUCT. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of Aldamax so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at Aldamax that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: Aldamax
OWNER/S: Nasser Altayer
TYPE OF PRODUCT: crypto investment MLM
PRICE: €50 + €100 – €100k investment
SUMMARY: Yes I do believe that Aldamax is a pyramid scheme and a scam as it has quite a few major issues.
The first major issue is that it isn’t registered to a securities regulator despite being an investment based company resulting in the company basically operating illegally.
The second issue I have with it is that it doesn’t seem to offer retail products to non affiliate members, which is actually deemed as a pyramid scheme red flag by the FTC themselves.
The third issue is that recruitment seems to be essential for the business and I would bet that once recruiting slows down the company will collapse as there’s a good chance that Aldamax pay their members using money invested by newer recruits.
Therefore, I would personally suggest you stay far away from this scam because the chances of you making money with it are minimal at best.
FINAL RATING: 0/5
RECOMMENDED: NO!!
Table of Contents
WHAT IS ALDAMAX?
Aldamax is a bitcoin/cryptocurrency MLM that focuses on attempting to make it’s members income through recruitment and investments.
There isn’t much information on who the owners of the company are other than the two names present within, namely Nasser Altayer who’s the CEO and Diego G. Barbosa who a appears to be the marketing director.
The company also seems to have had its domain registered not too long too in November 2019 from an undisclosed location in dubai but, other than that and the names given within the website, there honestly isn’t enough information about Aldamax to make it come across as a legitimate entity.
In fact the entire premise behind the website is very similar to other fishy crypto MLM’s I’ve reviewed in recent months so I’d say that it comes across as already suspicious from the get go.
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ALDAMAX PRODUCTS
Aldamax appears only to offer individuals the ability to invest in the membership and nothing else. This lack of retail products for non affiliate customers is actually one of the most common red flags I’ve found online and is something that the FTC themselves tend to deem as a pyramid scheme like characteristic.
However, if you do opt to purchase the membership, Aldamax provides access to a MIG Messenger which is a mobile messaging app.
HOW DO YOU MAKE MONEY WITH ALDAMAX?
As is the case with pretty much all MLM businesses there are 2 ways to make money with them, Aldamax being no exception.
1. The first method is by making returns on your initial investment.
2. The second method is making money residually by recruiting and growing your downline team.
HOW TO GET STARTED
If you want to become an Aldamax member you’d need to purchase the membership for €50 and then make a further €100 —€100k investment.
COMPENSATION STRUCTURE
Aldamax has a few different ways you can make money with it which is what I’ll be covering within this section of the review.
Return On Investment
Aldamax claim that they can generate you a guaranteed return on investment of 25% per month. These returns are capped at a 400% ROI and are paid out in MIG coin.
Furthermore, in order to get paid out you will need to recruit others for some reason too.
Recruitment Commissions
When an affiliate recruits another individual personally they will earn a 10% commission on the funds invested by these individuals.
Residual Commissions
Aldamax uses a binary structure to pay its affiliates residually, which is a structure where you’ll be placed at the top whilst being able to recruit individuals directly and indirectly on the left and right legs of the structure.
Aldamax tallies up the investment volume across the binary team and pays out a 10% commission based on the funds invested on the weaker leg of the binary structure.
The daily returns are also capped based on the investment an affiliate has made. This means if you’ve invested €500, your daily returns will be capped at €500.
THE NOT SO GOOD THINGS
Recruitment Is Essential
The core way to make money with Aldamax is through recruitment. In fact in order to even unlock earnings from your investments you’d need to recruit someone too.
The reason why I say recruitment is essential is because of the fact that the ROI Aldamax claims it can pay out to its members is ridiculous therefore, the only logical way Aldamax could possibly pay out that 25% profit is through the money generated by new membership sales.
This in turn means only the people at the top of this business will make a profit whilst the majority will not see any kind of positive returns.
No Retail Products
As I’ve already mentioned Aldamax do not offer non affiliates to purchase products or make investments, which is a problem as even the FTC deem this characteristic as pyramid scheme like.
They Are Committing Securities Fraud
Because Aldamax deal with investments, they are required by law to register at their local securities regulators however, I personally could not find a single source indicating that they are registered.
This in turn means that Aldamax is operating illegally and is more more than likely committing securities fraud.
THE GOOD THINGS
There is literally nothing good about Aldamax, it’s simply a MLM company that I recommend you avoid as the chances of it making you legitimate money is pretty slim.
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IS ALDAMAX A PYRAMID SCHEME/SCAM?
Yes I do believe that Aldamax is a pyramid scheme and a scam as it has quite a few major issues.
The first major issue is that it isn’t registered to a securities regulator despite being an investment based company resulting in the company basically operating illegally.
The second issue I have with it is that it doesn’t seem to offer retail products to non affiliate members, which is actually deemed as a pyramid scheme red flag by the FTC themselves.
The third issue is that recruitment seems to be essential for the business and I would bet that once recruiting slows down the company will collapse as there’s a good chance that Aldamax pay their members using money invested by newer recruits.
Therefore, I would personally suggest you stay far away from this scam because the chances of you making money with it are minimal at best.
MY PERSONAL RECOMMENDATION
I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).
Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it over MLM based structures are because
– there is no need to recruit constantly
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding Aldamax, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about Aldamax and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil