Maxpread Technologies is without a doubt a Crypto MLM scheme in its last days. The platform rebooted a few months ago, here’s our detailed Maxpread.com review.
It all started back in 2022 when Maxpread Technologies first started its rollout marketing campaign. The platform guaranteed members 5.66% daily profit margins with their target being European investors.
After three months in operation, the platform suddenly went offline with investors losing all deposits. Early 2023, the platform came back to life with a promise of helping traders make daily ROI with the help of AI trading bots.
Today’s Maxpread Technology is not making a promise of daily profit margins, it offers profits with AI-powered bots. AGORA is the company mentioned as their partner in interbank trading offering automated services.
All traders have to do is sign up and subscribe to the AI trading algorithm for a chance to win big. The platform does insist there’s a huge chance of making over 100% profit margin within the week.
What makes Maxpread Technologies a high-risk investment ruse is the promise of making Daily ROI margins. We get a platform duping investors by claiming to offer the very best in terms of authenticity.
There’s also the staking aspect where the platform offers MX Cloud and NX Node services. A clear MX ecosystem is up for grabs with the creators citing a token-based structure backing the Maxpread ecosystem.
We’ve seen such cases before and it rarely ends well for investors. What we’ve got is a platform lacking in accountability and transparency. The staking aspect of it promises daily profit margins with withdrawals only possible after a month.
Maxpread Technology has been around for more than 5 years. That’s false information.
Here’s our candid MaxpreadTechnologies review for more.
A review of Maxpread Technology will highlight several warnings from regulators across Asia. The warnings were the first red flags that made the initial platform collapse for fear of conviction by authorities.
Maxpread Technology LTD is the brains behind this platform and the shell company listed as the owner. A YouTube channel showcases the platform offering its services in India through a press conference.
Albert Ignatev is the Russian behind this Boris Ponzi scheme and is a social media influencer in Russia. We’ve seen a growing interest from social media influencers pushing MLM brands for a cut of the sales.
This goes to show Albert is the face of the platform with the actual owners opting to stay out of the picture. Anonymity and lack of transparency should be red flags in any investment projects, especially in the crypto world.
Another owner has popped up on social media claiming to be the sole owner of Maxpread Technologies. Jan Gregory claims to be a brand ambassador and has over 20 years of experience. He claims to be the main producer of the crypto culture magazine and other platforms.
We’ve only seen Jan Gregory’s name in one similar Crypto MLM scheme in the past before. Jan was involved in pushing CoinMarketBull which targeted American investors. We believe there are two factions holding the rights to this name in different jurisdictions.
There are several complaints from investors all over the world with the platform targeting most European countries. These include Albania, Estonia, Denmark, France, Germany, Kazakhstan, Lithuania, and Poland.
Asian countries are not left behind as they seem to be the new market for crypto MLM schemes. Countries targeted by Maxpread Technologies include India, Pakistan, and Vietnam. A few countries in South America worth mentioning include Chile, Mexico, and Venezuela.
The reason why Maxpread Technology is rising is the fact that they claim to offer affiliate bonuses and commissions. There’s a compensation plan offering 0.6% to 1.2% guaranteed daily ROI.
Some of the products and services offered by Maxpread Technologies include crypto arbitrage trading and staking opportunities. The current platform also expects to offer credit/debit cards after tokenization of their platform.
There’s also a claim of creating a DEX platform with a tailored digital assets exchange platform offering Crosschain Swaps. Other incentives to join the DEX platform include zero slippage and a user-friendly UI, all which are coming soon.
We also have to mention plans to roll-out a crypto wallet offering NFT support as well. The MX wallet will supposedly help users farm and stake NFTs and other digital assets. We don’t hold our breath for this service.
One of the riskiest aspect of this platform is the on and off attribute. There’s no way of knowing when the platform will go offline with your wallet balance still intact. That’s one of the riskiest aspect of this platform.
Before getting involved in any Crypto-based ecosystem be it as an investor or marketer, it pays to do due diligence. Try and find out what makes a platform tick. Here’s what we found as red flags on maxpread.com;
Maxpread Technologies claims to offer a guaranteed way of earning daily profit margins thanks to automated trading. The platform makes it easy to assume their AI-trading bot does have immense success in the crypto trading world.
Where’s the proof to sway a trader that their robot does indeed make daily profit margins? We were expecting proof in terms of MyFxBook verified results to proof the bot does really hit profitable margins.
MyFxBook is the cornerstone traders use to verify a bot’s performance. Without this, the platform wants investors to take their word for it. That’s not going to happen as valid proof needs to be there.
Here’s where the MLM aspect of Maxpread Technologies kicks in as the platform claims to offer referral commissions. The platform does this by soliciting funds in form of USDT for their in-house MX token.
It’s clear the platform has valued their token equivalent to USDT which is not really realistic. Affiliates are requested to join the affiliate program and generate close to 200% in downline investments.
There’s also a matching referral commission where everyone else who uses your code to refer others means 5% commission. The question remains whether the platform will actually release payouts for commissions earned.
And the simple answer is NO!
Once you join the platform as a trader, there’s a clause where you only get to make your first withdrawal after becoming an affiliate. This is closely followed by a statement that you must bring in a minimum of 5 new members to withdraw funds.
We see a platform leveraging your funds for recruitment which is a classic MLM pursuit. The platform is only interested in bringing in new numbers instead of the actual crypto arbitrage. That’s a red flag for us.
With the first Maxpread Technologies platform going down in a haste, complaints were rife. The platform has failed to respond to these victims and will likely repeat the same with the current crop of members.
We recommend you stay away from this project.
Clearly, whoever is running Maxpread Technologies is operating under a time bomb. Please stay away.
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