I welcome you to my unbiased review on EXnGlory; in this blog post we will discuss Is EXnGlory A Scam?
Can you really make money with EXnGlory?
All the facts you need to know about this latest multi-level marketing investment opportunity will be covered in this post.
This EXnGlory review will let you know about the company, the products they are offering, as well as its compensation plan.
Once you are done reading, I am guaranteed that you will make the right choice.
Stick through till the end so you don’t miss out.
Is EXnGlory A Scam – What Is EXnGlory Supposed To Be?
We’re told that the CEO of the company is Christopher Allison.
You’ll immediately notice that Allison has a distinctly eastern European accent, and it looks as though this so-called marketing video was filmed in an obviously rented space.
Given this, it’s highly likely an actor is playing Allison.
EXnGlory describes itself as an Australian trading company created in 2015.
Out of curiosity, I searched for “EXnGlory” and “EX&Glory;” on ABN (Australian Business Number).
An ABN is a unique 11-digit number that identifies your business to the government and community.
I did not find EXnGlory’s Australian Business Number, but I discovered that EXnGlory PTY LTD was registered on the 9th of September 2019.
Not a good sign… There seems to be a contradiction here.
EXnGlory official YouTube channel was created the same year when the platform was launched, on the 13th of September 2019.
Since 2015 and 2019 are entirely different years, I wonder why they claim to exist since 2015.
I can only conclude that EXnGlory’s claim that it’s been in existence since 2015 appears to be a lie.
Always keep in mind you should think twice before investing your money into any network marketing platform that is not transparent about the owner or the people running it.
The company does not have anything to offer aside from promoting its affiliate membership; there is no retail product or service even though they are registered with the ASIC.
You also need to be careful with any MLM platform with no retail product or service to offer. Government or regulatory agencies, such as the FTC, would consider this company a pyramid scheme.
Members on this platform are promised ROI between 118-121.6% within 18 days if they invest at least $100.
The platform also uses a uni-level compensation structure to pay referral commissions.
In this compensation plan structure, an affiliate is placed at the top of the uni-level team, and anybody they recruit personally is directly placed under them.
These personally recruited affiliates will form level 1. Affiliates recruited by level 1 affiliates are placed on level 2 of the original affiliate’s team.
Affiliates in level 3 are recruits from level 2, and so on. However, the platform caps its uni level at level 10.
Based on the amount invested by members in your team, you will receive the following percentage as commissions:
- Level 1 (personally sponsored affiliates) – 7%
- For Level 2 – 5%
- Level 3 – 3%
- If you reach Level 4 – 2%
- Level 5 to 7 – 1%
- For Levels 8 to 10 – 0.5%
Cost To Join EXnGlory
Joining this platform is free.
Many of these programs convince you to join by allowing you to join for free.
Unsuspecting people think that since they are allowing you to join free, then it probably isn’t a scam.
However, you will have to invest a minimum of $100 USD to receive the promised ROI.
My Verdict – Is EXnGlory A Scam?
As stated earlier, I will be unbiased in this EXnGlory Review and just present the facts.
According to EXnGlory, they generate external revenue in the following way:
“The company governs its own business using the most advanced technologies in artificial intelligence, latest results in marketing techniques and finance online management as well stock exchange and cryptocurrency assets.”
When you pay attention to the grammar of the above statement, I don’t think a native English-speaking person wrote this.
It’s a confusing statement meant to sound corporate and business-like and I don’t understand what it’s really saying.
Please do not fall for their ASIC (Australian Securities and Investments Commission) registration; it is useless.
Currently, EXnGlory only filed a 201c Application for Registration as a Proprietary Company.
The cost of this is $495 USD, and it is an online process. It is nothing more but a basic proprietary registration for a company.
EXnGlory does not have an ABN, which is more useful.
However, it’s my opinion that the company will be long gone before ASIC will investigate it.
Also, the company ought to be registered with relevant authorities since they offer passive income opportunities.
The majority of the traffic is from Russia, Iran, and the US, and they are not registered with any authority in these locations.
All the facts indicate that EXnGlory this platform is another scam.
The fact that EXnGlory is using new investment revenue to pay existing investors a daily return makes EXnGlory a Ponzi scheme.
Thus, I do not recommend EXnGlory.
As a matter of fact, EXnGlory is similar to other scam cryptocurrency platforms I’ve reviewed on this blog such as:
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