Beurax Review: Daily returns crypto trading Ponzi

Beurax provides no information on its website about who owns or runs the company.

Beurax’s website domain (“beurax.com”) was privately registered on June 6th, 2020.

In an attempt to appear legitimate, Beurax offers up an ASIC registration certificate for “Beurax Corporation PTY LTD”.

To date Beurax has not filed any documents with ASIC beyond it’s initial application.

In any event, ASIC is known for not effectively regulating MLM securities fraud. For the purposes of MLM due-diligence, ASIC registration is meaningless.

A marketing video on Beurax’s official YouTube channel features “Brandon Watts”.

Watts is cited as founder and CEO of Beurax. He is played by an actor with a distinct eastern European accent.

In the video, straight off the bat Watts is shown driving a left-hand car. Australia drives on the right-hand side cars.

The actor playing Watts has a strong eastern European accent. The video is shot in rented office space.

Considering Brandon Watts doesn’t exist outside of Beurax’s own marketing material, he’s a prime Boris CEO candidate.

At the time of publication Alexa ranks the US (68%) and Canada (4%), as top sources of traffic to Beurax’s website.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Beurax’s Products

Beurax has no retailable products or services, with affiliates only able to market Beurax affiliate membership itself.

Beurax’s Compensation Plan

Beurax affiliates invest USD, bitcoin and/or ethereum, on the promise of an advertised daily ROI.

invest $20 to $500 and receive 1.4% a day for 15 days (121%)

invest 0.001 to 0.5 BTC and receive 1.4% a day for 20 days (128%)

invest 0.1 to 5 ETH and receive 1.4% a day for 20 days (128%)

invest $500 to $1000 and receive 1.5% a day for 20 days (130%)

invest $1000 to $2500 and receive 1.6% a day for 25 days (140%)

invest 0.5 to 2 BTC and receive 1.5% a day for 30 days (145%)

invest 5 to 20 ETH and receive 1.5% a day for 30 days (145%)

invest $2500 to $5000 and receive 1.7% a day for 30 days (151%)

invest $5000 to $10,000 and receive 1.8% a day for 35 days (163%)

invest $1000 to $50,000 and receive 1.5% to 2.1% a day for 45 days (167.5% to 194.5%)

invest 0.1 to 5 BTC and receive 1.5% to 2.1% a day for 45 days (167.5% to 194.5%)

invest 3 to 120 ETH and receive 1.5% to 2.1% a day for 45 days (167.5% to 194.5%)

invest 2 to 10 BTC and receive 1.6% a day for 45 days (172%)

invest 20 to 50 ETH and receive 1.6% a day for 45 days (172%)

invest $10,000 to $50,000 and receive 3% a day for 90 days (270%)

invest $50,000 to $100,000 and receive 3.1% a day for 90 days (279%)

invest 1 to 5 BTC and receive 3.1% a day for 90 days (279%)

invest 25 to 125 ETH and receive 3.1% a day for 90 days (279%)

invest $100,000 to $300,000 and receive 3.2% a day for 90 days (288%)

invest $300,000 to $500,000 and receive 3.3% a day for 90 days (297%)

invest 5 to 15 BTC and receive 3.3% a

🤖 Quick Answer

What is Beurax and its claimed business model?

What red flags exist regarding Beurax's legitimacy?
The company's domain was privately registered in 2020, features a fake CEO portrayed by an actor with Eastern European accent, and has filed no ASIC documentation beyond initial registration. These factors suggest potential fraud schemes.

How does Beurax present itself despite transparency issues?
Despite lacking verifiable ownership information, Beurax displays an ASIC registration certificate for legitimacy purposes. However, ASIC registration alone provides no meaningful assurance against securities fraud or multilevel marketing operations.

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