Tradixis’ website lacks transparency in terms of ownership and executive information, raising doubts about its authenticity. The domain “tradixis.com” was privately registered on June 6th, 2023. Notably, Tradixis started its internet presence by publishing robo-dubbed marketing movies to its YouTube channel in late November 2023, implying a simultaneous launch.
Tradixis produces an ASIC registration certificate for Tradixis Capital Pty Ltd in an effort to demonstrate credibility. Tradixis Capital Pty Ltd., which was allegedly registered as an Australian shell business on November 9th, 2023, is being investigated because ASIC has a record for lax regulation of MLM fraud.
The ease with which anybody can register a company with ASIC using unverified information renders ASIC registration vulnerable to exploitation, notably by scammers from outside Australia.
Given the lack of thorough verification in ASIC registration and its susceptibility to abuse, reliance on the ASIC registration certificate as proof of authenticity in MLM due diligence is problematic.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Tradixis 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 Tradixis, 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?
Tradixis currently does not provide retail products or services for direct sale.
Affiliates are solely authorized to promote Tradixis affiliate memberships.
Tradixis affiliates make bitcoin investments with USD counterparts.
These investments are made with the hope of getting passive returns under the following advertising plans:
- Max Growth: Invest $50 or more and get 1.5% daily earnings for 30 days.
- Balanced Boost: Invest $1000 or more and get 1.2% daily returns for 25 days.
- Rapid Return: Invest $5000 or more and get 1% daily returns for 15 days.
Tradixis uses a multi-level marketing (MLM) structure in which affiliates are rewarded for referring new investors.
Tradixis’ compensation plan offers four affiliate ranks, each with unique qualification criteria:
- Discoverer: Sign up as a Tradixis affiliate.
- Navigator: invest $1000.
- Pioneer: invest $5000.
- Mastermind: invest $10,000.
Referral Commission Structure
Tradixis’ referral commissions are paid out in a single level of pay.
Affiliates are put at the top of a unilevel squad, with individually recruited affiliates placed directly beneath them on level 1. New affiliates are recruited by level 1 affiliates and placed on level 2, and this pattern continues indefinitely.
Tradixis restricts payable unilevel team levels to five.
Referral commissions are provided as a percentage of invested cryptocurrency across these five levels, based on the affiliate’s rank.
- Discoverer: 5% on level one (personally recruited affiliates)
- Navigator: 6% on level 1; 2% on level 2, and 1% on level 3.
- Pioneer: 7% on level 1; 3% on level 2, 2% on level 3, and 1% on level 4.
- Mastermind: 8% on level 1; 3% on level 2, 2% on levels 3 and 4, and 1% on level 5.
Rank Achievement Bonuses
Tradixis affiliates are eligible for Rank Achievement Bonuses based on their achievement in increasing downline investment volume:
- Novice: Persuade others to invest $12,500 and get $250.
- Champion: Encourage others to invest $50,000 and receive $1,000.
- Trailblazer: Encourage others to invest $166,667 and receive $5,000.
- Mogul: Convince others to invest $333.333 and receive $10,000.
- Titan: Persuade others to invest $625,000 and receive $25,000.
- Legend: Convince others to invest $1,250,000 and get $50,000.
- Sovereign: Convince others to contribute $2,500,000 and get $100,000.
- Olympian: Persuade others to contribute $5,000,000 and get $250,000.
Membership in the Tradixis affiliate network is free, but full participation in the earning possibility requires a $50 minimum commitment. Tradixis accepts investments in a variety of cryptocurrencies.
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.
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.
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 Tradixis 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 Tradixis 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 Tradixis, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Tradixis enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Tradixis reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Tradixis.
You should always look out for consumer complaints. In the case of Tradixis, 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 Tradixis? You can share your complaint in the comment section or submit an anonymous tip.
Tradixis claims to create revenue through cryptocurrency trading and investment. Despite offering trading packages and referral programs, there is no documented evidence of external revenue generation.
The company concept raises concerns because it appears to use Ponzi thinking. If Tradixis can create daily returns from cryptocurrency activities, it is unclear whether additional investment is required. The lack of retail products and reliance on new investments indicate to a possible Ponzi scheme, with the MLM side acting as a pyramid.
Tradixis 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 Tradixis 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 Tradixis?
All the evidence suggests that Tradixis 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.
Is Tradixis a scam?
Can I withdraw money from Tradixis?
Where is Tradixis Located?
How do I get my money back from Tradixis?
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.