Adivah Tech, an online trading platform, operates without disclosing its ownership, promising investors daily returns of 3-5% on minimum investments of $250. This scheme, which relies on the EnviFX forex platform for its multi-level marketing component, has not registered with any financial regulators, a significant red flag for securities and commodities fraud.
The primary domain, adivahtech.com, was privately registered on August 28, 2022. A related domain, adivahtradingacademy.com, remains parked but shows an initial registration in September 2021 and a last update on September 15, 2022. The Adivah Trading Academy Facebook page, launched May 8, 2021, suggests an earlier brand presence before the shift to Adivah Tech. The lack of transparency regarding the individuals or entities behind the operation is a common characteristic of fraudulent investment schemes.
Adivah Tech offers no retail products or services. Its business model centers entirely on affiliates marketing memberships to other prospective affiliates. Participants invest at least $250, expecting the promised daily returns. The company claims to skim 25% from any generated "gains." This structure, devoid of genuine product sales, raises serious questions about its legitimacy as a sustainable enterprise.
The multi-level marketing (MLM) recruitment process uses the EnviFX forex platform. Commissions are paid through a unilevel structure, extending five levels deep. Affiliates on Level 1 earn $1.50 per lot traded, while those on Levels 2 through 5 receive $0.75 per lot. A standard forex lot typically represents 100,000 units of base currency. Higher ranks within Adivah Tech, named "High Rise" and "Top Heavy," qualify for better commission rates, but the criteria for achieving these ranks are not publicly disclosed. This opaque system further concentrates control and potential profits at the top.
Adivah Tech marks the second fraudulent platform linked to EnviFX. Its predecessor, Automated Capital, recently collapsed, resulting in widespread investor losses. Kyle Cole and Hendry J Argus operated Automated Capital. The identities of those behind Adivah Tech and its connection to EnviFX remain unknown, but the operational similarities suggest a coordinated effort. Like Automated Capital, Adivah Tech uses a computer-generated host in its marketing videos and coordinates activities primarily through a Telegram group, tactics often seen in scam operations.
Neither Adivah Tech nor EnviFX has registered with the relevant financial authorities in the United States, including the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). The Securities Act of 1933 requires proper registration for entities offering investment opportunities, and the Commodity Exchange Act governs commodity trading. Operating unregistered investment platforms constitutes securities and commodities fraud, exposing investors to unregulated risks and offering no legal protections.
The business model, which relies on the recruitment of new investors rather than the sale of legitimate products or services, closely matches the definition of a pyramid scheme. The Federal Trade Commission (FTC) views such schemes as inherently illegal, as they are unsustainable and inevitably lead to financial losses for the vast majority of participants. Without genuine retail sales or a demonstrable revenue stream outside of new investments, the system is fundamentally flawed.
Companies that operate outside regulatory frameworks typically do so to avoid scrutiny of their claims and practices. Adivah Tech is expected to follow the pattern of similar schemes, eventually collapsing. When this occurs, most participants will lose their invested funds. The only individuals who profit from EnviFX's network of fraudulent platforms are the operators and a select group of top promoters who benefit from the recruitment of new money.
Victims of investment fraud can report suspicious schemes to the SEC Enforcement Division's Office of Market Intelligence at (202) 551-4790 or submit a tip online through the SEC's website.