Wondering if this site is legit or another scam? This Skyllex review will give you all the information you need before you join another site that might not even work.
Maybe this is nothing but hype like the thousands of other programs out there?
Well I’m all for finding the legitimacy of products, as I’ve fallen for many scams before and I don’t want you to fall for any of them either, so I’ll be writing my findings within this review.
I might be a bit harsh, but honesty is always the best policy.
Now let’s get right into things.
Skyllex Review
Name: Skyllex
Website: www.skyllex.com
Owners: Unknown
Business Type: Investment
Price: $50-$1,000 minimum
Overall Rating: 1/5 stars
About Skyllex
According the their website, the company originates from the Exchange Centre, 20 Bridge Street, Sydney NSW 2000 Australia.
They make an emphasis on them being a “legit company”, as they have been registered under the Corporations act 2001, while they try to assure you as much as possible that there system is fully legal and allowed.
However, if this was the case, why have they not showed their names on the website, and why is their registration set to private.
The domain was registered in July 31, 2015, which is probably when they started building this website before launch.
What I don’t like to see is everything hidden.
Not to give this site a bad name just yet, but most scams out there hide all their personal information, especially with their business model being very unstable.
The Rundown
First and foremost, it is a trading/investing platform.
Basically, you invest in any one of the packages that are available, then you wait for your ROI to come back over a small period of time.
Whatever package you purchase all depends on how fast or slow your earnings will come back.
Some packages allow you to make your money back within 25 days, and some within 90 days.
The Packages Are As Follows:
- Ascent Package: Invest $50-$1,000 | 150% ROI after 30 days | 1.6% spread out over the month
- Glimpse Package: Invest $1,000-$15,000 | 155% ROI after 25 days | 2.2% profit daily
- Inspiration Package: Invest $10,000-$100,000 | 250% ROI after 20 days | 2.5% profit daily
- Gold Flow Package: Invest $250-$7,500 | 1100% ROI after 90 days | 12.3% profit daily
- Money Maker Package: Invest $15,000-$60,000 | 600% ROI after 45 days 13.3% profit daily
- Fast Corner: Invest $2,000-$3500 | 200% ROI after 25 days | 8% profit daily
These numbers are a bit ridiculous if you ask me. I mean, it’s sad to see people actually falling for this rubbish.
There are a bunch more packages available, but you get the drift of it all.
Compensation Plan
The compensation plan allows you to recruit people into the same system. If these people invest in any of the packages, you earn a commission.
These are the percentage amounts you can earn from your downline. The lower your downline goes, the less you earn from them.
Level 1: 9%
Level 2: 5%
Level 3: 3%
Level 4: 2%
Level 5: 1%
It works as a uni-level structure.
When level 1 affiliates recruit people, they will be on level 2 of your downline, when level 2 recruit people, they go to level 3 of your downline, all the way to infinite levels.
Rumors
So even though they try to say their company is legit and located in Australia (even trying to prove they are registered with ASIC as a legit company and everything), there have been some rumors about them actually being located in Russia.
The Russian language is the first option on their website, and most posts on their Facebook business page are also written in Russian.
Furthermore, the website has been designed by a Russian developer, AND all the webinars that they have been running since 2016 have been IN Russia itself, with a Russian COMPUTER as well.
I could go on, but there is definitely more than enough evidence that proves Skyllex is not operating in Australia.
How Do They Make Your Money Back?
They are actually trying to sell the idea that they are making everyone’s investments back simply by doing “mining” techniques (for Crypto currency), and even OIL investments.
Skyllex is also trying to tell their members that all money invested is going on real estate and trading exchanges, which is how they’re able to get back everyone’s ROI so quickly.
So that is what are they are claiming. However, there is no evidence or indication to back any of these claims up whatsoever.
The ONLY evidence that you can clearly see are affiliates investments, which are highly likely used to pay off existing members.
This would mean Skyllex is just another ponzi scheme.
Does It Cost & How Do You Join?
It doesn’t cost to join Skyllex, so you can actually create an account and check it all out before purchasing one of the many packages available.
Here’s the official website: www.skyllex.com
The cheapest package costs $50-$1,000.
That is the package that allows you to earn 150% ROI over a 30 day period – 50% profit all up.
Pros and Cons
Pros
- Cool looking website
Cons
- There’s no evidence to backup their claims
- They are using newly invested funds to pay off existing members
- Recruitment will eventually die and the creators will keep all investments to themselves
So is Skyllex A Scam?
It is just another ponzi scheme, another system that will eventually be shutdown when recruitment dies down.
Registering with “Australian Securities and Investments Commission” doesn’t mean what they are doing is completely legal.
Furthermore, it’s not likely for ASIC to detect a Russian ponzi scheme anyway, ESPECIALLY with the wrong filed details and everything being hidden.
Because that’s what they have clearly done to get properly registered as a company.
I know its members would like to hear otherwise, but this is not a legitimate business and you need to stay away from this as there are other legitimate ways to do things.
What I Recommend
I am all about making money online but I’m not about people trying to recruit others into something just so they can make their money.
If you want to make money online (legitimately) you are going to need to create your own business.
I was once in your shoes and I have pushed different products just because I wanted to make money online.
All that stopped when I came across a program called the Wealthy Affiliate.
Forget about recruiting people and focus on giving people what they are already looking for in the first place.
That is how you run a solid online business.
I hope this helps and thanks for reading my Skyllex review.
I wish you nothing but the best in whatever you do next.
Cheers!
– John
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