Many of you have come across a company called Melius and are wondering Is Melius Legit? Can you make money with this company?
If you are here to find out if Melius is a scam cryptocurrency trading company, this Melius Review is for you.
This brief unbiased post will tell you some important facts about this platform and if it’s worth your time.
Once you are done reading, you can tell if this trading platform is a scam or not.
Is Melius Legit – Summary
- Company name: Melius
- Date Launched: 2018
- Registration cost: $45 plus upsells
- Rating: 1/10
- Recommendation: Not recommended
As you begin this review, understand that Melius has been rebranded as a new MLM called Be.
Similarly, during this review, I may reference Melius in the past tense since it has been dissolved as of late 2019 – early 2020.
Nonetheless, just follow me on this and read to the end.
Melius is a company that specializes in forex and crypto training.
Melius combined a multi-level-marketing opportunity that offered a cryptocurrency trading platform along with Forex, offering an ROI (Return On Investment) along with it.
The company was set up so that investors can trade and make profits.
Jeremy Prasetyo, pictured below, was the CEO of Melius, and interestingly, it was his first major involvement in an MLM.
After the demise of Melius, Prasetyo became a “Personal and Professional Performance Specialist”, speaking and consulting to companies and business leaders around the world.
Exactly what a “Personal and Professional Performance Specialist” is I absolutely have no clue!
Regarding Melius, it’s relevant that Jeremy Prasetyo had no multi-level-marketing background because the real manipulators of Melius, Monir and Moyn Islam, didn’t want to be front and center.
What’s interesting is the other co-founders of Melius, Monir and Moyn Islam, were never outwardly mentioned.
The reason the Islam brothers, originally from the UK, were not front and center for Melius is before joining Melius they were knee-deep in scamming ethnic minorities out of millions from the OneCoin fraud.
However, the Islam brothers, pictured below at a OneLife event, were just high-profile promoters of OneCoin.
The brothers claimed that they started to have questions about OneLife, which is the parent company behind OneCoin, and became disillusioned because “they were unable to get the answers they wanted.”
The Plot Thickens…
The real owner of OneCoin was a Bulgarian woman named Ruja Ignatova, pictured below.
According to Wikipedia, Ignatova is a convicted Bulgarian fraudster. She is best known as the founder of a Ponzi scheme known as OneCoin, which has since been described as “one of the biggest scams in history”.
A mind-numbing fact is that Ignatova and OneCoin swindled millions of people around the world out of a reported four billion US dollars!
Interestingly, as OneCoin began to fall apart, the Islam brothers conveniently fled to Dubai.
After their experience with OneLife and OneCoin, the Islam Brothers became involved with Melius, a so-called cryptocurrency/trading multi-level-marketing platform.
The major problem with Melius is that it was not registered with relevant authorities in any country; thus, according to authorities and government regulators, it’s operations are illegal.
Not being properly registered is a HUGE red flag and a consistent problem I see with all of these types of cryptocurrency/MLM platforms.
You can cause problems for yourself and lose a great deal of money when you participate because operating a company like Melius without proper registration is actually against the law.
Similarly, I don’t think Melius was completely honest about their source of revenue; I think they operated as a pyramid or Ponzi scheme.
How Do I Earn With Melius?
When you register, you will be granted access to a trading app known as iGoTrade, where you invest funds using their trade signals.
Also, they offer another program known as GoPro Forex.
The subscription is for 90 days, and it costs $3000; this will generate returns through trading activities.
Melius uses a binary compensation structure to pay residual commissions to their affiliates.
The way a binary compensation structure is set up, an affiliate is placed at the top of a binary team, and under the affiliate there are two sides (left and right), with each new level hosting twice as many positions as the level above it.
Similarly, you will have to be a retail customer and enroll in trading courses to earn.
You will then pay money to create an account you will use to trade on their platform, GoPro Forex.
You will be given an account with $50,000 to trade with when you pay $3000. I don’t see any sense in this, but this is how they set it up.
The idea of giving out $50,000 real money trading accounts for $3000 lacks common financial sense.
This is a HUGE red flag that this company isn’t quite right.
Actually, the way these schemes make most of their money is by recruiting new affiliates – that’s where most of their revenue comes from.
Another way to earn is to use the MLM opportunity and earn commissions when you sell access to their retail products.
You also get rewards when you recruit people, and you can make money when your downline invests.
Is Melius Legit – Red Flags On The Horizon
Almost everything of this company is flawed.
They claim they generate money from trading; however, I seriously doubt this claim.
If they are really making money from trading, they will be less interested in getting people to sign up for money.
I doubt any form of trading is happening; they generate revenue from investments from recruits, which is illegal.
Another red flag is that they are not registered with any regulatory authorities.
Melius carries out operations in 160 countries, and they are not registered with any regulatory bodies in any of the countries they operate in.
Since they are not registered, they are committing security fraud, and you can get in trouble when you associate yourself with them.
Thirdly, they lied about their address. The address they provided in the United Kingdom is a virtual address.
A lot of scammers do this to make their platform appear legit.
And when you lose your funds, you will not be able to track or locate them.
You will pay $45 to be an affiliate, but that’s not the only money you will pay.
Don’t forget, you will have to invest in their trading system and pay for their trading courses.
To access their trading platform, GoPro Forex, it will cost you $3000 for 90 days.
Their trading courses are also expensive; they cost $450 – $1800 per month; to earn commissions on the platform, you will have to sell or personally invest 120 PV.
Imagine paying all this money to a company that operates without legal permission.
What will happen to your investment when the company folds or gets sued?
Their compensation plan is complex and difficult to understand.
There is no compensation plan on their website; however, I saw a 30-minute video that explained the whole process.
Please, save yourself the stress of knowing how it works; all you need to understand is Melius is a Ponzi/pyramid scheme.
Melius offers three different training courses and packages you can choose from. Basically, the products they offer are just to make you invest your funds. Their packages include:
Melius Adventure: A forex course containing trading strategies, analysis, a video library, and daily live sessions.
The package costs $450 for 90 days.
Melius Escape: A course on blockchain that comes with coin analysis, daily live trading sessions on cryptocurrency, a video library, and a weekly coin magazine.
The cost is $450 for 90 days.
Melius Experience: This package combines both Melius Adventure and Melius Escape.
However, to access this package, you either pay $600 for 90 days, $999 for 180 days, or $1800 for a year.
Another product you will get when you subscribe to any of the above packages is the iGoTrade app.
You can use this app to trade using the signals you get in your subscriptions.
The GoPro Forex subscription is another product you will pay for.
It costs $3000, and you will be given access to a trading account containing $50,000 when you subscribe.
To break even, you will have to earn above $6000 with a trade balance of $50,000.
Is Melius Legit Or A Scam?
Apparently, Jeremy Prasetyo bought on board so-called “industry experts” that Melius affiliates will learn from.
Brad Alexander and Jonathan Morgan are the two that Melius has recruited.
Alexander was CEO of a company called FX Large, which ultimately collapsed.
The other “expert”, Jonathan Morgan, was a day trader for a company called Shield Wall Trading.
Strangely, the only thing you see on the Shield Wall Trading website is a graphic and Morgan’s email address.
Similarly, these were the two “experts” Melius was counting on to train new affiliates.
But wait! It gets better!
In an attempt to rake in as much money as possible, Melius appears to have made the decision to exploit unsuspecting, trusting, desperate people in third-world countries.
Sadly, these scammers have targeted countries like Nigeria, Benin and Togo as sources of website traffic.
Also, taking the lead in these marketing shenanigans were two brothers who are no strangers to scams, brothers Moyn and Monir Islam.
The Islam brothers have a consistent history of inflicting Ponzi and Pyramid schemes on unwary consumers.
One of the most notorious examples is when Moyn and Monir Islam were promoting the cryptocurrency MLM OneCoin at recruitment rallies.
However, the pair claimed that they started to question OneLife, the parent company behind OneCoin, but could not get the answers they wanted
Although OneCoin was marketed as a cryptocurrency investment unlike any other, it ultimately turned out to be a massive £3billion global fraud.
Afterwards, the Islam brothers moved on to a “wearable technology” pyramid scheme called Helo which they promised would be worth £2billion in a few years.
Not surprisingly, Helo has vanished without a trace. Gone.
By the time the Islam Brothers joined Melius, we find that brother number three, Ehsaan, has joined Monir and Moyn.
Interestingly, Monir Islam said of Melius “This company is going to produce more millionaires than any company that I know of.”
Did that promise by the Islam Brothers come true? Absolutely not!
At the time of writing this blog post, Melius is DEAD and has been rebranded into another questionable MLM.
Consequently, there are no signs of activity from anything connected to the Melius MLM.
Melius is similar to other MLM’s I’ve reviewed on this blog such as:
Forbes Magazine Was Wrong
Which brings me to another point: How on earth does Forbes magazine make the statement about Melius and the Islam Brothers that “They are on their way to building a billion-dollar company in three years?”
It’s because anyone can buy advertising space in Forbes magazine without the admins at Forbes doing their due diligence and checking out the so-called companies they’re selling advertising space to.
The lesson here: You cannot rely on what Forbes Magazine says!
Is Melius Legit? – Absolutely Not!
As with all of these types of set-ups, Melius’ obvious regulatory non-compliance outweighs their weak, half-baked effort at appearing legal.
Again, let’s look at the obvious shenanigans so that YOU can learn how to spot SCAMS for yourself and not get GOT by these online thieves:
- retail subscriptions are offered with no retail volume requirement
- the compensation plan is set up for the primary purpose to incentivize affiliate recruitment
- not legally registered with relevant bodies
- products are overly expensive
- the company has fake address on their website
- operating as a Ponzi and pyramid scheme.
- no real trading is taking place
All these red flags are indicators that this platform, and any other platform with similar criteria, are SCAMS, and they are out to steal as much of your money as possible..
The company may look real, but it will collapse when there is no new investment or recruits to continue operations.
Personally, I do not recommend this platform, and I advise you to stay away.
Update 2021: Melius Has Now Rebranded Itself Into Another MLM Called Be
What I want you to understand is this:
Scammers don’t wake up one morning and all of a sudden grow a sense of morality.
Once a Scammer, always a Scammer.
The Islam brothers, who scammed millions of ethnic minorities through OneCoin, will have you believe that they were the victims of the OneCoin fraud.
They’re also blaming the news media, crying about the fact that a prominent UK agency wrote a misinformed and biased story about their undignified exit from OneCoin.
Therefore, what we need to understand is poor Monir and Moyn Islam, after raking in hundreds of millions of dollars from Onecoin victims, they are the ones who were treated unfairly!
Similarly, after pocketing millions more from Melius, the Islam brothers dumped Melius before the situation got too heated and have now rebranded Melius as a new MLM called Be.
What’s their reason for starting another MLM?
It’s because the Islam brothers want to help people avoid being scammed!
As one online press release stated: “This platform is created with a vision to educate and empower people from falling prey to scams and empower them with the right information.”
Are you kidding me?
Oh My! These are truly gracious individuals!
Be Is A Reboot Of Melius
The plans to market the Melius reboot called Be began in late May of 2020.
Whats interesting is OneCoin was an obvious Ponzi scheme, however, Melius was not as obvious, although the same securities fraud roots were still there.
As Melius started to collapse in late December 2019, the website domain for Be (“befactor.com”) was purchased on March 26th, 2020 with the promotion of the Melius reboot beginning in May of 2020.
Furthermore, the Melius website and all of it’s associated social media profiles no longer exist.
Not surprisingly, Be’s leadership cites the President and CEO as Moyn Islam, the CVO as Monir Islam, and CTO Ehsaan Islam as co-founders.
You Got 99 Problems…
99% of people who join MLMs end up losing their funds instead of making profits.
This is something nobody will tell you when they want you to register under them.
There are lots of reasons for this, but the two major ones are:
1) Overpriced offers
2) Difficult recruitment
Getting others to join in this age of COVID-19 will not be an easy task.
Social distancing and plain outright fear will make normal recruiting activities extremely challenging.
To be successful on any MLM, you will have to recruit hundreds of people to register under you.
Are you good at recruiting people to join a platform?
How many people can you even recruit?
Making money through MLMs is very difficult, especially during this time of the COVID-19 pandemic.
Most MLM organizations are accustomed to holding in-person recruiting or “opportunity” meetings in order to bring new people on board.
That’s going to be a challenge for the foreseeable future.
There’s only so much you can do on Zoom or Skype when it comes to recruiting.
Then you have to consider the economic situation of the people you’re trying to recruit.
However, even if there were no “pandemic”, multi-level marketing would still be a bad business model.
From my perspective, there are rocky times ahead for the MLM industry!
This is why I enjoy affiliate marketing; you won’t have to deal with any of these frustrating situations because you’re building a digital business.
With affiliate marketing, your entire business is run from the comfort of your home.
It’s a digital business.
You manage your business from your laptop or desktop computer.
No “opportunity” meetings, Zoom meetings, recruiting calls, monthly auto-ship commitments, none of that you have to deal with in affiliate marketing.
Facts You Need To Know About Multi-Level Marketing
Consider 12 facts about multi-level marketing you need to know before making a decision to join ANY MLM.
- According to Federal Trade Commission, 99% of all MLM participants lose money
- The chances of profiting by starting your own small business are 38% more than by joining an MLM
- The profitability rate of running an online business is 10% – 20% higher than the profitability rate of joining an MLM
- According to AARP Foundation, 47% of MLM participants lose money and 27% make no money whatsoever
- Among the 26% who actually earn a profit, 53% of them earn less than $5000 a year
- 39% of MLM participants quit because pitching products and services to friends and family jeopardized their relationships
- At least 50% of MLM reps quit within 1 year after joining an MLM and 95% quit within 10 years
- 75% of those who have joined and left an MLM state that they would never join another MLM in their life
- A 2018 poll of 1049 MLM reps across various companies found that most of them make less than 70 cents an hour,
- 20% of them never made a sale
- 60% of them had earned less than $500 in sales over the past five years
- 32% of them acquired credit card debt to finance their MLM involvement
Now that you have THE FACTS, what decision will you make moving forward?
Are you going to continue to trust the word of serial scammers and base your financial future on marketing hype and empty promises and lies?
Will you continue to be manipulated by the fast-talking
Are You Ready To Start Your Own Affiliate Marketing Business?
As a matter of fact, what I strongly suggest is that you stop relying on the pyramid and Ponzi schemes like Melius or Be and build your own online business.
The moment you come to understand that you’re going to have to participate in your own financial rescue, the sooner you can start making real progress toward financial freedom.
Wealthy Affiliate is the BEST platform I know to help people with ZERO experience build a profitable online business.
When I started with Wealthy Affiliate I had absolutely ZERO marketing experience.
Don’t be intimidated if you’re new at online marketing.
Come on in and let Wealthy Affiliate show you how to make money online and create a life-changing income!
It’s FREE to join and no credit card is required!
Get Started NOW!
We’ll Talk Soon…