In this review we reveal that EmpiresX is a scam investment platform that is designed to collapse and make all the money disappear.
What is EmpiresX
Empires X is an online investment platform. It will allow you to invest money into real estate, some non-specified private investments and a trading bot (Ex Bot, Bin Bot).
The main selling point seems to be the trading robot that trades Nasdaq and will allegedly generate you a return on your investment up to 1% daily.
There is also a very generous affiliate program that can earn you additional revenue across 20 levels. You will earn a portion of what people under you invest.
The EXB robot costs $400 per year and it is the initial investment that everyone has to make in order to become an investor. If you want to be just an affiliate, your minimum initial investment will be $200.
But is EmpiresX legit, should you invest with it?
Unfortunately there is no doubt that EmpiresX is actually a scam that will just run for a limited period of time and then disappear with all the money left in the system. In this review we explain why.
We have to repeat ourselves in almost every scam review we make: When you see an anonymous trading robot that is supposed to make you 1% daily in financial markets, you can be pretty much sure that it is a scam. It really is that simple.
It is because financial markets are largely unpredictable and prices of different assets don’t always move the same way, with the same magnitude. Every experienced trader will tell you that it is absolutely impossible to have a steady daily return on financial markets. You have to accept this fact.
Financial trading is a game of probabilities and risk management. Sometimes you earn, sometimes you lose, the goal is to make your profits bigger than your losses. It is a very difficult task and the majority of people fails in this.
Legit investment offers will provide you with proofs about their performance, there will be mandatory regulatory information, audited results etc. EmpiresX provides nothing to back up their claims.
Anonymous and illegal
Empires X is providing investment services. As we have already explained in this review, besides the trading robot there is also real estate investing and some other non-specific investing.
These activities are regulated in most countries. This means that EmpiresX needs authorizations from financial regulators in every country they want to have members/investors in.
So, is EmpiresX regulated as required by the law? No, it is not. In fact, it is a completely anonymous enterprise. The only contact information they provide on their website is an e-mail address, that’s it. Doesn’t look very trustworthy, does it?
The fact that people who run EmpiresX are hiding and breaking the law by not being regulated tells a lot. It is a scam that you have to avoid.
How EmpiresX works
It is obvious that EmpiresX is a huge pyramid scheme, a Ponzi scam that will try to run as long as deposits are flowing in. But this type of scam scheme always runs out of steam and collapses.
It is just inevitable due to the nature of the scheme, where money is just moved from newer to older members. So if Empires X is paying at all, expect it to stop and it can happen any time. Then the end will be quick a money will disappear.
Since all the payments to EmpiresX are made in cryptocurrencies like bitcoin, nobody will be able to get their money back and to trace the scammers who took it.
EmpiresX review – Conclusion
EmpiresX is a scam, an anonymous Ponzi scheme that is going to collapse. It is only a matter of time, so you have to stay away from it in order not to lose money.
If you want to try legit investing, do it on a free demo account with a regulated company. You will get virtual money to try everything out.
Should you later decide to invest real money, be sure to understand the risks.