Spey Invest-Is It Legit Or A Scam?

Welcome to my Spey Invest Review. There has been some vibe about this company called Spey Invest,so I decided to find out what the company was all about and do some research on the company.

You are probably here because you have heard of Spey Invest and what to find out if it is a legit company or a scam.

Here is a detailed review on the company Spey Invest and I would walk you through the Spey Invest company,the compensation plan,the products and the verdict.

Spey Invest Review – The Company

Spey Invest say that it was:

set up in 2014 as the pilot online project of trading business by a group of enthusiasts headed by Daniil Solopov.

Despite the relatively young age of the Company, SPEY INVEST LTD has become well known to field-specific experts in Great Britain and also abroad as soon as one and a half years of its activity.

As for Daniil Solopov, there’s Facebook and LinedIn profiles set up – but nothing concrete verifying him as an actual person.

The Facebook profile has some random photos on it but no actual content dating back to when it was created in 2014. This is more in line with a purchased profile than one that was legitimately used and created.

Solopov’s LinkedIn profile cites stints with Russian HNW Investors and Mark Davies & Associates Ltd. He’s also apparently co-founder of Florify, a “trendsetting online floral platform”.

Solopov owns the Florify website domain (.co.uk), through a residential address in London. The Florify domain registration was last updated on May 2nd, 2017, suggesting that’s when Solopov acquired it.

Oh and there’s nothing about Solopov’s experience in the MLM industry

There are two things that I found somewhat weird:

The first thing is that there are many people who have ever even heard of Spey Invest.

Aside from the company’s own website, some affiliate marketing and HYIP listings, I couldn’t find any other information about Spey Invest.

Secondly, Spey Invest was only registered a few months ago on the 16th of March…

A quick look at Daniil Solopov’s Facebook profile reveal a pretty generic page with no real content on it.

Solopov’s LinkedIn profile reveals time working with Russian HNW Investors and Mark Davies & Associates Ltd.

He’s also listed as a co-founder of Florify, which is a “trendsetting online floral platform”.

Solopov also owns the Florify website domain, which is a .co.uk domain with a residential address in London.

Spey Invest Review – The Products

Spey Invest does not have any retail products or services.

Affiliates simply market the Spey Invest affiliate membership.

The company offer three investment portfolio : Plan 01: SILVER 1% every day during 200 days from 10$ to 999$ validity period of deposit 200 days Non-refundable deposit Plan 02 : GOLD 1.2% every day during 250 days from 1000$ to 9999$ validity period of deposit 250 days Non-refundable deposit Plan 03 : PLATINUM 1.4% every day during 300 days from 10000$ to 50000$ validity period of deposit 300 days Non-refundable deposit

The Spey Invest Compensation Plan

Spey Invest affiliates who want to take part in the compensation plan must invest money for an ROI:

  • Silver – Invest $10 to $99 and receive a 1% daily ROI for 200 days (200%)
  • Gold – Invest $1000 to $9999 and receive a 1.2% daily ROI for 250 days (300%)
  • Platinum – Invest $10,000 to $50,000 and receive a 1.4% ROI for 300 days (420%)

Affiliates can earn referral commissions on downline invested funds which are paid and tracked through a unilevel compensation structure.

This type of compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate placed right under them on level 1.

When a level 1 affiliate brings in new affiliates, they are put on the second level of the original affiliate’s unilevel team.

When a level 2 affiliate brings in new affiliates, they are put on the third level, and this continues on down as many levels as are needed.

Referral commissions are capped by Spey Invest down 7 levels of sponsorship as follows:

  • Level 1 (Personally sponsored affiliates) – 7%
  • Level 2 – 3%
  • Level 3 – 2%
  • Level 4 – 1%
  • Levels 5 to 7 – 0.5%

Cost To Join Spey Invest

The cost to join Spey Invest as an affiliate is free, but affiliates are required to invest a minimum of $10 to take part in the attached compensation plan.

Is Spey Invest Actually Legit Or A Scam?

Spey Legit is actually legit and not a scam.However to be successful in Spey Invest or any network marketing company out there it would depend on your lead generation technique,your ability to recruit and your marketing techniques.

Verdict on Spey Invest

Spey Invest claims that they generate income through cryptocurrency trading…

However, there is no actual proof that any trading is taking place…

The only source of income that can be verified is the investments from new affiliates…

So, without new affiliate recruitment, there wouldn’t be any income coming in…

So when recruitment numbers die down after the initial hype, income will also decrease…

As is typical of MLM cryptocurrency niche companies making this claim, Spey Invest provide no evidence whatsoever of any cryptocurrency trading taking place.

The only verifiable source of revenue entering Spey Invest is affiliate investment. Using newly invested funds to pay off existing investors makes Spey Invest a Ponzi scheme.

I hope you enjoyed my Spey Invest review and if you have any questions, please leave them in the comments below…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *