Planning on joining mavwealth.com, don’t join until you have read my mavwealth scam review before making your decision.
Welcome to my honest review of mavwealth.com. This unbiased review is gear towards showing you whether or not mavwealth is a scam site that is out to milk you of your hard earn money.
A google search on the internet on the subject how to make money online will churn out millions of results all purportedly targeted at showing you how to make money online. But the question is, how many of these companies really are genuine or how many really have what it takes to lead you to making your first dollar on the internet?
Well, I advise you grab a cup of popcorn, relax as I take you on the tour of mavwealth.
Owner/CEO: Peter Scott.
Mavwealth claim to be the world’s first and only E- Currency reverse auction site.
They operates an MLM business like structure that allows you to earn referral commission on everybody you directly referred to the company as well as binary commission from the investments of every order person under your Tree. Thats a big minus for those that are not good at referral programs. In their words:
‘At Mavwealth, we are a passionate team of experts from both Financial and technological domain. We believe currency transaction and trading can be taken to a new height and greater convenience to all. Our purpose is to support you achieve your greater financial goals’.
And they do that true a process called, Reverse auction, a totally new method of auctioning where the lowest unique bidder wins, instead of the other way round that we are familiar with- a great concept I must admit.
How It Works.
The process of earning money on mavwealth is simple and straight forward. There are for stages or ways of earning money, they are:
Here you earn money when you place a bid and your bid appears to be the lowest with no one placing exactly the amount you placed. It is termed Unique bidding.
This is the money you earn when you directly refer someone to mavwealth and the person buy any of the three packages. How much you earn is dependent on the package you are unto and the package your referral bought. Generally it ranges from 5%-15%.
This is calculated daily and its from the people under your Tree. Mavwealth encourage you to refer others to the platform and the referrals are then placed in two legs, left and right. Binary commission is usually calculated using the weaker leg.
This is also calculated based on the package you are on. Mavwealth says you earn commission daily as cashback provided you place at least a single bid daily.
How much you earn through any of the four ways is dependent on the package you purchase.
There are three packages when signing on, you choose the one you are comfortable with but the minimum is $50.
At the Explorer level, you can start with $50-$9.999.
When you refer anyone to mavwealth and the person sign up through any of the levels, you will earn 5% referrals commission.
You also earn daily cashback of 1.5% of your total investment. You must place at least one bid to qualify to earn this.
You also will earn 10% binary commission provided you have people under you.
This level allows you to invest as from $10,000-$49,999.
Daily cashback of 1.75% provided you fulfil the condition of placing at least one bid.
Earn referral commission on your direct referrals of 10%.
You also earn binary commission of 10% from the activities of people under your tree.
- Achiever Level.
To be an achiever, you are expected to have join with $50,000-$99,999.
As an achiever, you earn 2% daily cashback as far as you place at least one bid.
You earn referral commission of 15% on your direct referrals.
10% binary commission from those under you tree.
Here Is How Mavwealth Reverse Auction Works.
In a normal bidding, the higher your bid, the brighter your chances of winning but in reverse auction, the lower you bid, the higher your chances of winning.
In Mavwealth, the person that places the lowest unique bid wins
Here is how it works, if 5 people place bids of $5, $4.5, $3, $1, $1. The Person that placed the bid of $3 wins, because, his bid is adjudged to be unique, those with $1 would have won but two people cannot be winners and so their bids is adjudged not be unique, simple and clear.
Pros and Cons
- $50 minimum entrance level is cheap, you can potentially earn in thousands.
- 4 different ways of earning money with a one time investment.
- great for those that love referral programs.
- Mavwealth is indirectly an MLM program which is a big cutoff for a lot of folks.
- Majority of the leaders in Mavwealth were part of OneFxzone, a program that was known for scheming and scamming many.
- Mavwealth is relatively new, so they lack reputation to be ranked high, it is still risky investing so much into a program that is less than six month old putting into account the experience with onefxzone.
- At best, its a game of Luck, it has nothing to do with your skills or techniques and chances are that you could loss virtually all your money. Its a gamble.
- Lack of training within the forum makes it near impossible for new comers to flow in easily with the system.
What Is The Support Within Mavwealth.
To be fair with Mavwealth, they have an excellent support team, at least when they are trying to have you invest.
The major channel of support I used frequently during my short time with them was the live chat. Support is swift, even though most time, the person at the other end sounds ignorant of a lot of thing about the system.
Is Mavwealth a Scam.
It would be unfair at this early stage to term Mavwealth scam, however, I noticed some issues that might give users of the platform some concern.
- Some people I know have already left the system, just like I did because of non payment of bids won. A friend won 8 bids and was not paid a dime till at the time of writing this.
- The major promoters of Mavwealth were the same characters that promoted to high heavens a program called Onefxzone,good number of people lost thousands of $$$; an innocent friend of mine lost $10,000 with onefxzone.
- It does also appear that the major way one could make money with Mavwealth is by promoting Mavwealth itself instead of the reverse auction and the bidding, hence you see lots of folks promoting the program heavily.
While Mavwealth might not be regarded yet as a scam, chances of earning real money with the program through the bidding process is slim hence lots of people resort to promoting the program itself.
I would prefer a business where I am in control of how much money I earn, and which direction to drive my business to without the inherent risk of having my funds trapped into a system with little or no way of getting back the funds.
That’s why I am a strong advocate of building your own business and been in control. I prefer and recommends building a website around your passion and promoting other peoples products and earning affiliate commission. You can check my #1 recommendation here.
I also prefer a program that would allow me taste run for Free to determine if its a fit for me, that is why I recommend taking a Live Free Training
to see if my recommendation is a fit for you.
I will like to hear from you, if you have experience with Mavwealth. Also if you found this review helpful then, click the share button above and let more people know about it.