Beurax is a new company that promises to make a profit simply by investing in Bitcoin.
But how reliable is it? Can you really make passive income with this company called Bureaux?
Or, is Beurax aIs Beurax Scam Scam?
Well, welcome to the Beurax review where we are about to learn more – who runs the company, how established they are, and most importantly how much can one earn.
Let’s get started.
UPDATE March 2021
The Beurax scam has collapsed. The official announcement says something about a “high level of activity and a huge number of transactions performed on replenishing and withdrawals of funds by clients…”
As of this writing, the Beurax website has been down for at least 10 hours.
Please note, I am not a member or an affiliate of Beurax. This review is based on research and information available online in the public domain.
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.
Price to Join: $20
Recommended: No. This is most likely a Pyramid Scheme.
I recommend Affiliate Marketing. Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM).
Beurax Summary – Ponzi Scheme Collapse Beurax claimed to be an international investment company focused on cryptocurrency trading. New investors were offered opportunities to make money through investments and recruitment.
However, the investment aspect lacked transparency and showed no proof of external income, while the recruitment model resembled a pyramid scheme.
As an MLM company with no retail products, Beurax relied solely on fees from new members.
Regrettably, the scheme collapsed on March 2nd, 2021, and just a week later, on March 9th, 2021, their website went down.
It’s important to acknowledge that many people are enticed by the allure of quick and substantial returns.
As Napoleon Hill’s quote states, “There is no such thing as Something for nothing.” Earning money online requires effort and time, especially genuine efforts.
What is (was) Beurax?
Beurax (is) was an unregulated investment company dealing with cryptocurrency.
Apparently, their main source of income is automated cryptocurrency trading.
They claim to have a unique platform and operating software that allows them to obtain information and process data based on the market situation.
A new member is then promised to make a minimum of 1.4% daily if he or she invests at least $20.
I am sure you already hear an alarm buzz, right?
Well, there is no legitimate company that can guarantee such a return.
In fact, all investment companies that are legit have to provide you with info that investments don’t have a guaranteed rate of return.
Besides Beurax operates as a Multi-Level Marketing company with many levels.
So there are 2 ways of how to make money:
- Become an investor and gain profit every day from an investment portfolio
- Get new partners and make money off them
Regarding the 1st point – we will see that the company does not have any investment portfolio.
We will get to the 2nd point in a bit.
Who Runs the Beurax?
Usually, these companies do not reveal who runs them.
However, Beurax has a nice site, and it seems that they even have a CEO.
His name is Brandon Watts, at least this is what the official Beurax video says.
The video was available on YouTube but for some reason, it was taken down.
I did a research but couldn’t find any more information about this individual.
There are many Brandon Watts on Linked but none is related to the company called Beurax.
Besides according to the name, one would assume that he is an English native speaker but his accent is more Eastern European.
Most likely Bulgarian.
I am not sure if you had a chance to watch the video above, but have you noticed that this guy is reading the text?
I would assume that a CEO knows what he is talking about and doesn’t need the pre-written text in front of him
I might be wrong but my guess is that this is just an actor.
Another red flag is the address.
According to its website, the headquarters is in Canberra Australia, but this can be easily made up.
This was exactly the case with another company called PetronPay.
On their website and also in their video they stated to be at a certain addressing Switzerland but based on the building administrator they have no evidence of such a company.
Is Beurax a Pyramid Scheme?
We know by now that this company works like an MLM company.
But I am sure you know that legitimate MLM companies like Amway or Mary Kay have a lot of retail products.
With that being said the member or Independent Business Owner, can earn by selling the products to others. (Well, only in theory since the success rate within any MLM company is low).
If such a company does not have any retail products it is considered to be a pyramid scheme.
And here is a short video on how to spot a pyramid scheme:
So how does the Beurax work?
Or let me put it in this way.
How one can make money with Beurax?
Investing in a company that allegedly uses trading bots in order to generate income?
There is absolutely no evidence of external income.
The only income that the company has is in new investments paying off the members.
With that being said, Beurax strongly resembles a Ponzi Scheme.
But let’s continue with the review to learn more.
How to Sign up?
It is pretty easy to sign up, but you also need to enter your, telephone number.
After that, you choose the payment system or also called your wallet address.
Then you enter the Dashboard that looks like this:
In order to start, you have to invest at least $20.
How Does Beurax Work, and How Much Can You Make?
Once you are in the Dashboard, you can choose how to make a deposit.
There are 4 different Swaps
- Total Return Swaps
- Currency Swaps
- Interest Rate Swaps
- Commodity Swaps
Within these swaps, there are these “mini” swaps (above) allowing you to invest from $20 to $500, or in some instances from $1,000 to $5,000. The range is based on the profit which is claimed to be from 1.4% to 3.6% daily.
The highest amount is to invest $100,000,000!
Here is an overview for the potential affiliates, where we can see how much it is possible to invest and what is the daily ROI according to Beurax.
|$20 – $500||15 days||1.4%|
|$500 – $1000||20 days||1.5%|
|$1000 – $2500||25 days||1.6%|
|$5000 – $10,000||35 days||1.8%|
|$10,000 – $50,000||45 days||1.5% – 2.1%|
|$50,000 – $100,000||90 days||3.1%|
|$100,000 – $300,000||90 days||3.2%|
|$300,000 – $500,000||90 days||3.3%|
|$500,000 – $1,000,000||90 days||3.4%|
|$1,000,000 – $100,000,000||90 days||3.6%|
|0.001 BTC – 0.5 BTC||20 days||1.4%|
|0.5 BTC – 2 BTC||30 days||1.5%|
|0.1 BTC – 5 BTC||45 days||1.5% – 2.1%|
|2 BTC – 10 BTC||45 days||1.6%|
|1 BTC – 5 BTC||90 days||3.1%|
|5 BTC – 15 BTC||90 days||3.3%|
|15 BTC – 50 BTC||90 days||3.6%|
|0.1 ETH – 5 ETH||20 days||1.4%|
|5 ETH – 20 ETH||30 days||1.5%|
|3 ETH – 120 ETH||45 days||1.5% – 2.1%|
|20 ETH – 50 ETH||45 days||1.6%|
|25 ETH – 125 ETH||90 days||3.1%|
|125 ETH – 400 ETH||90 days||3.3%|
|400 ETH – 1500 ETH||90 days||3.6%|
For example, if an investment option offers a “daily return” of 1.4%, it means that for every $100 invested (or an equivalent amount in another currency like BTC or ETH), the investor can expect to earn $1.40 in profit each day.
Those are large income promises, don’t you think?
A daily return of 1.4% is relatively high and could be considered unrealistic in traditional financial markets.
Such high daily returns often raise red flags and may be associated with investment opportunities that carry significant risk or are potentially fraudulent.
Just let’s take a look at the typical signs of a pyramid Scheme:
Let me also share a general opinion about such high return promises.
Beurax Ranks and Bonuses
There are 12 different ranks that an affiliate can achieve (in theory).
I am not sure if that is visible for you, so here is a text version of it, including the requirements:
- Silver Consultant – sign up as a Beurax affiliate
- Golden Consultant – generate $10,000 in total downline investment
- Diamond Consultant – generate $30,000 in total downline investment
- Silver Manager – generate $60,000 in total downline investment
- Golden Manager – generate $120,000 in total downline investment
- Diamond Manager – generate $250,000 in total downline investment
- Silver Partner – generate $1,000,000 in total downline investment
- Golden Partner – generate $3,000,000 in total downline investment
- Diamond Partner – generate $10,000,000 in total downline investment
- Silver Director – generate $30,000,000 in total downline investment
- Golden Director – generate $50,000,000 in total downline investment
- Diamond Director – generate $100,000,000 in total downline investment
They use a uni-level compensation plan as many other similar pyramid schemes, with 15 levels.
(Here is just a sketch of how the uni-level compensation plan looks like with a few levels)
They also offer some “Leadership Bonuses”. But I don’t want to bother you with more numbers.
It basically says, how much one can get if one qualifies for a certain level.
It ranges from $1,000 for a Diamon Consultant to $3,000,000 for a Diamond Director.
Again these are extremely exaggerated numbers and show only one thing:
It is good to be true or in other words, Beurax is most likely is another Ponzi Scheme, similar to the Tronex World or Adasa Group.
What I like about Beurax
- Their website was nice, but that is it.
Regarding the company, there is nothing to be liked. It is a modern Pyramid Scheme.
What I don’t like about Beurax
- All signs of Pyramid Scheme
- No proof of external income
- Fake CEO, Fake address
Have you been scammed by Beurax?
If you suspect that you have fallen victim to Beurax’s scam, it’s crucial to take prompt action.
Report the fraud to the appropriate authorities by visiting the FTC website.
Additionally, consider seeking legal counsel and exploring options to recover any lost funds. Don’t hesitate to protect your rights and seek assistance if you’ve been affected by this Ponzi scheme.
Is Beurax a Scam?
Yes, it is a scam and a Ponzi scheme.
We have covered enough red flags to show that it is better to stay away from the Beurax.
This company may collapse within a few days and people who put money in there will lose everything.
That is why my advice is, don’t get involved with Beurax.
Generally speaking when it comes to investing please keep in mind the following points:
- Make sure that you have a way out quickly
- Don’t invest more than you can afford to lose
- Realize that you are on the outside, looking in. And people who are inside have a plan, you don’t know about.
If you have any questions regarding Beurax or other ways how to make money online let me know in the comment section below.
Thank you for reading,