Vitaxel launched in Malaysia back in August of 2015.

In February 2016 the company went public on the US stock exchange through Vitaxel Group, listed as VXEL.

Shares were initially valued at 20 cents each, before plummeting to 3 cents within a week. Vitaxel shares are currently valued at 1 cent each.

Heading up Vitaxel is founder Lim Hui Boon. Leong Yee Ming serves as CEO.

In addition to Vitaxel, Boon also founded Ho Wah Genting. According to their website, Ho Wah Genting is

a Malaysian group of companies with a wide portfolio of business interests encompassing mining, manufacturing, trading and travel.

Leong Yee Ming comes from Ho Wah Genting, having held the positions CFO, COO and Treasurer. He currently serves as a Ho Wah Genting Board Member.

Prior to Vitaxel, neither Lim Hui Boon or Leong Yee Ming appear to have any MLM experience.

Read on for a full review of the Vitaxel MLM opportunity.

Vitaxel Products

The sole retail product I was able to find within Vitaxel is preferred customer membership to its VionMarket.

VionMarket is an e-commerce platform stocked with third-party merchant products. Visitors to the site are unable to browse any of the listed products without first signing up.

Vitaxel sell VionMarket preferred customer membership for $15. This includes 100 VionMarket Points, which can be put towards purchases.

Of note is the Vitaxel website also lists VTrips and VSpark as offered products and services.

The VTrips website advises the service is “coming soon”. VSpark appears to be some sort of payment processor.

Neither appears in the Vitaxel compensation plan or have anything to do with the company’s MLM opportunity.

The Vitaxel Compensation Plan

The Vitaxel compensation plan primarily pays affiliates who purchase a package to recruit other affiliates who do the same.

Recruitment Commissions

Vitaxel affiliates are paid to recruit new affiliates.

How much of a recruitment commission is paid out is determined by how much a new Vitaxel affiliate spends on their membership, as well as how much the recruiting affiliate spent when they signed up.

Action Package affiliates earn

$7.50 for recruiting another Action Package affiliate

$48 for recruiting a Business Package affiliate and

$120 for recruiting a Career Package affiliate

Business Member affiliates earn

$11.25 for recruiting an Action Package affiliate

$72 for recruiting another Business Package affiliate and

$180 for recruiting a Career Package affiliate

Career Package affiliates earn

$15 for recruiting an Action Package affiliate

$96 for recruiting a Business Package affiliate and

$240 for recruiting another Career Package affiliate

If a Vitaxel affiliat recruits at least two package purchasing affiliates within thirty days of joining the company, they receive a 5% recruitment commission bonus from the third recruited affiliate onwards.

Residual Commissions

Residual commissions in Vitaxel are paid out via a binary compensation structure.

A binary c

🤖 Quick Answer

What is Vitaxel and when was it established?
Vitaxel is a company launched in Malaysia in August 2015. The company went public on the US stock exchange in February 2016 under the ticker symbol VXEL through Vitaxel Group, with initial share valuations of 20 cents that subsequently declined to 1 cent per share.

Who are the key leadership figures at Vitaxel?
Lim Hui Boon serves as founder of Vitaxel, while Leong Yee Ming holds the position of CEO. Leong previously worked at Ho Wah Genting, where he served as CFO, COO, and Treasurer, and currently maintains a position on the Ho Wah Genting Board of Directors.

What is Ho Wah Genting's business portfolio?
Ho Wah Genting is

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