Nexus Rewards Review: Scam Or Legit? | Recover Lost Funds

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Is Nexus Rewards a scam? How to recover funds from Nexus Rewards? Find the answers to all these questions and more in this guide.

Summary

Nexus Rewards has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to ABC Holdings. We’ve received over 4 complaints against Nexus Rewards.

Nexus Rewards, a redesigned version of the defunct NXR Global pyramid scheme, returned in 2022 with a new compensation plan for 2024. Despite claims concerning savings programs, Nexus Rewards is highly reliant on recruitment, raising questions about its validity. The lack of ownership transparency, combined with ties to the Bremner family’s MLM ventures, fuels suspicion. The lack of regulation, negative consumer feedback, and potential payment concerns highlight the need for prudence. Victims may have difficulty retrieving payments due to the unregulated nature of Nexus Rewards. Submit chargebacks for possible refund.

Get Your Money Back From These Scammers!

1

Key Takeaways

Nexus Rewards has lost investors thousands of dollars
Nexus Rewards website owner is anonymous
Vague terms of service
2

Is Nexus Rewards Regulated? Do They Have a License?

Nexus Rewards, a resurrection of the failed NXR Global pyramid scam, was launched in 2022 to integrate recruitment commissions with “savings and cashback apps.” Recently, the platform underwent a full compensation plan upgrade, with official paperwork being revised on January 1st, 2024.

Following the revival, expanded marketing efforts spurred increasing interest and requests for an updated review from readers.

Homepage of Nexus Rewards


In this revisit to Nexus Rewards for the year 2024, we look at the modifications that have occurred. The platform’s co-creators, Art and Rob Phelps remain involved, while the connection between Nexus Rewards and NXR Global is traced back to David and the late Bob Bremner.

The Bremner family, well-known for their involvement in many MLM enterprises such as vStreamTV, IXQ TV, Lifestyle Connections, Pyur Global, and Pyur Life, continues to be linked with Nexus Rewards.

Despite these relationships, Nexus Rewards has kept ownership data and the actual people running the corporation hidden. This lack of openness has prompted concerns about the platform’s authenticity. A notable update dated January 11th, 2024 contains information from a Nexus Rewards promoter suggesting Bob Bremner’s passing in June of the previous year.

The Bremner family runs their pyramid schemes through Nutronix Revolution, a Virginia-based shell corporation, with Brenda Bremner serving as the only executive at the time of publication. The ownership and management of Nexus Rewards remains a mystery, creating uncertainty among the MLM sector.

The lack of regulation or the presence of poor regulation is a huge red flag. It means Nexus Rewards is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Nexus Rewards, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?
3

Trading Conditions and Deposit/Withdrawal Methods at Nexus Rewards

Nexus Rewards’ website lists a variety of products, largely focusing on various savings categories, but does not provide precise information for each service. The list of products includes:

1. Gas savings

2. A bill reduction service

3. Buy cashback.

4. Prescription Discounts

5. A webinar service.

6. Discounts on “health and wellness products”

The lack of specifics concerning these services calls into doubt the transparency of Nexus Rewards’ offers.

Nexus Rewards’ compensation structure is based on multi-level marketing (MLM), with a focus on affiliate recruitment. Commissions are calculated using monthly affiliate fees, and the scheme is divided into eleven affiliate ranks, each with its own set of qualification requirements.

RankQualification Criteria
Active MemberSign up as a Nexus Rewards affiliate and continue to pay fees.
ProRecruit and maintain 5 active affiliates.
Pro 25Maintain 5 active personally recruited affiliates and have a total downline of at least 25 active affiliates.
Pro 50Maintain 5 active personally recruited affiliates and have a total downline of at least 50 active affiliates.
1 StarRecruit and maintain 10 active affiliates and have a total downline of at least 100 active affiliates.
2 StarRecruit and maintain 15 active affiliates and have a total downline of at least 150 active affiliates.
3 StarRecruit and maintain 20 active affiliates and have a total downline of at least 500 active affiliates.
DiamondRecruit and maintain 20 active affiliates and have a total downline of at least 1000 active affiliates.
Double DiamondRecruit and maintain 30 active affiliates and have a total downline of at least 2500 active affiliates.
Triple DiamondRecruit and maintain 35 active affiliates and have a total downline of at least 5000 active affiliates.
AmbassadorRecruit and maintain 50 active affiliates and have a total downline of at least 10,000 active affiliates.
This table summarizes the qualification criteria for each rank within the Nexus Rewards affiliate program.

The Nexus Rewards compensation plan mentions $34 bonuses for free users who utilize apps, with a similar bonus for premium members. The specifics of how these commissions are produced and handed out remain unknown.

Nexus Rewards


Recruitment commissions:

Recruitment commissions are paid down three levels, with varied amounts at each level, and affiliates who qualify for all three levels may receive “pass-ups” from unqualified downline affiliates.

The Infinity Bonus, paid through the unilevel compensation scheme, is a percentage of newly recruited affiliate fees that varies according to affiliate rank.

Nexus Rewards pays a $2 commission on monthly fees from personally recruited affiliates, using a one-up commission system.

Affiliates get 2.5% of monthly fees from recruited affiliates using a 3×10 matrix, based on the number of affiliates they individually recruited.

Matching bonus:

A Matching Bonus is applied on residual matrix commissions received by personally recruited affiliates, with the percentage fluctuating according to affiliate level.

2% of newly recruited affiliate fees go toward rank-based bonus pools for Diamond, Double Diamond, Triple Diamond, and Ambassador affiliates.

Affiliate membership is $40 upfront and then $9.95 per month after that.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4

Nexus Rewards Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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5

Nexus Rewards Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Nexus Rewards tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Nexus Rewards reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Nexus Rewards, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Nexus Rewards enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Nexus Rewards reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Nexus Rewards.

Nexus Rewards reviews coverage


You should always look out for consumer complaints. In the case of Nexus Rewards, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Nexus Rewards? You can share your complaint in the comment section or submit an anonymous tip.

6

Is Nexus Rewards Legit Or Scam?

Despite Nexus Rewards’ boasts of a savings program, the MLM potential is primarily recruitment-based, making it a prohibited pyramid scheme under the FTC Act.

The pay plan emphasizes personal recruitment, and the pricing structure has been altered to profit on new hires. The lack of transparency, along with a likely drop in website visits, creates barriers to long-term success.

Finally, the emphasis on recruiting is consistent with numerous MLM pyramid frauds, in which the majority of participants are intended to lose money.

Nexus Rewards is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Nexus Rewards can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Nexus Rewards?

All the evidence suggests that Nexus Rewards is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

7

Frequently Asked Questions

Is Nexus Rewards a scam?

According to the online reviews of this company, it’s highly probable that Nexus Rewards is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Nexus Rewards?

Yes, you can withdraw your funds from Nexus Rewards by getting in touch with one our experts. Get your money back immediately.

Where is Nexus Rewards Located?

There is no information available on the location of Nexus Rewards.

How do I get my money back from Nexus Rewards?

To get your money back from Nexus Rewards, you can file a chargeback. Learn more here.
8

How The Nexus Rewards Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with Nexus Rewards, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Nexus Rewards Review: Scam Or Legit? | Recover Lost Funds
Nexus Rewards Review: Scam Or Legit? | Recover Lost Funds

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