Vitaxel Review – Huge Scam Or Legit System?

Vitaxel ReviewIf you’ve been paying attention lately, you’ll notice that Vitaxel has been getting a lot of hype.

Because it’s new, it’s getting a lot of buzz and if you’re in an online business, I am sure someone will push it on you at some point.

It’s especially popular on social media at the moment.

I do want to let you know that I am NOT affiliated with Vitaxel as a member or distributor.

My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my Vitaxel Review.

Is Vitaxel a legit business, or is it a complete scam?

Will I be able to build a business with it?

I tell you all about it in my Review of Vitaxel.

Read below to find out more.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What Is Vitaxel?

Vitaxel is the name of the latest MLM opportunity that’s up for my full review treatment, and it’s a company that was initially launched in August of 2015 in Malaysia.

Last February (February, 2016) saw the company officially going public on the United States stock exchange under the name of Vitaxel Group with a listing presence of VXEL.

That may sound impressive at first, but the company’s performance the stock market has been anything but. Vitaxel initially hit the stock exchange with a value per share set at 20 cents, but that quickly shot down to just 3 cents after about a week or so of activity.

At the time of this writing, shares of Vitaxel are gong for 1 penny each.

The founder of Vitaxel is someone by the name of Lim Hui Boon, and Leong Yee Ming is acting as the current CEO for the company.

Going back to Boon, Vitaxel isn’t the only company that the man has founded. Boon is also the founder of Ho Wah Genting, which is supposedly “a Malaysian group of companies with a wide portfolio of business interests encompassing mining, manufacturing, trading and travel.”

Ming is also originally from Genting, as he was previously the Treasurer, CFO, and COO for the company. However, it now looks like Ming’s only position with Ho Wah Genting is his spot as a Board Member for the company.

As for an MLM history for both Boon and Ming, Vitaxel appears to be their first foray into this particular market.

How does their first attempt fare?

Vitaxel Scam

What Products Are Being Sold?

In regards to the product line that Vitaxel is offering, we’re dealing with a rather interesting construction.

After a great deal of research and looking around, it appears that the only true retail product that Vitaxel is selling is access to their VionMarket.

From what I can tell, VionMarket is some sort of e-commerce platform that sells a wide array of items that are created and manufactured by third parties. It’s possible to visit the VionMarket website without being an affiliate for the company, but you’ll need to sing up as a member if you’d actually like to view anything that VionMarket is selling.

A membership with VionMarket costs $15, and this comes with 100 VionMarket Points that customers can then use to purchase products on the website.

The official website for Vitaxel makes mention of VTrips and VSpark, with the former said to be “coming soon” and the latter appearing to be a type of payment processor that Vitaxel is running.

While it looks nice on the surface to have this added variety for a product line, there’s no mention of either VTrips or VSpark anywhere throughout the compensation plan.

Info On The Vitaxel Comp Plan

Speaking of the Vitaxel compensation plan, affiliates for the company are paid to purchase memberships to VionMarket and recruit other individuals to do the same thing.

This payment is primarily handled through that of recruitment commissions, but the actual value of these recruitment commissions is entirely dependent on how much your recruit decides to spend on their membership with the company.

There are three main packages available to invest in, and buying a more expensive package yourself will allow you to earn more from your recruits, and getting your recruits to invest in a more expensive package allows you to earn more as well.

All of the available recruitment commissions work out in the following manner –

  • Affiliates who have invested in the Action Package can earn
    • $7.50 for every recruited Action Package member
    • $48 for every recruited Business Package member
    • $120 for every recruited Career Package member
  • Affiliates who have invested in the Business Package can earn
    • $11.25 for every recruited Action Package member
    • $72 for every recruited Business Package member
    • $180 for every recruited Career Package member
  • Affiliates who have invested in the Career Package can earn
    • $15 for every recruited Action Package member
    • $96 for every recruited Business Package member
    • $240 for every recruited Career Package member

What Will It Cost Me To Join Vitaxel?

If you’re interested in becoming an affiliate for Vitaxel, you’ll need to invest in one of the three packages that I just talked about.

Affiliates can choose between the Action, Business, and Career Package, and each one costs $130, $800, and $2000 respectively.

In addition to this cost, all affiliates are also subject to a yearly fee of $15 after the first year of membership is up.

Choosing to invest in a more expensive package will allow you to earn more within the compensation plan, and each package also comes bundled with VionMarket Points, Travel or Redemption Points, and Amalaki supplements.

Any Truth To The Vitaxel Rumours?

Any time a new business opportunity launches, you will always hear rumours about them being scams – so is Vitaxel a scam?

From reading above, you might already be thinking Vitaxel is a scam.

So, is it?

Is there a Vitaxel scam, or is it legit?

To be honest, Vitaxel isn’t a complete scam.

However, there are some red flags to be worried about, which I discuss in the conclusion.

See my tips below for helping to make money.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

And Now, My Vitaxel Conclusion

Vitaxel tries really hard to make itself look like a perfectly legitimate opportunity with its e-commerce platform, but after taking a microscope to what’s actually taking place here, it doesn’t take too much time to realize that Vitaxel is operating as nothing more than a pyramid scheme.

Vitaxel strongly recommends affiliates to purchase three positions when they sing up for the compensation plan, with those positions being the Action, Business, and Career packages.

These are the only things being sold, and affiliates earn money by buying them up and then recruiting other individuals to do the same thing.

As the story goes with all pyramid schemes that have come and gone before Vitaxel, the company will plummet and collapse once recruitment activity dies down. This will prevent current members from getting the commissions that they’re expecting, and this spiral of negativity activity will see Vitaxel slowly dying off.

The majority of people who get involved with Vitaxel will end up losing out because of the way the compensation plan is laid out, with only Boon and Ming likely earning anything of real value once all is said and done.

I hope you have gained value from my Vitaxel Review.

I have put all the details you need to know here, because all other reviews of Vitaxel have been fairly limited with details.

If you do decide to proceed with Vitaxel or any business, you’ll find my free training helpful – I will show you how to make money online.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Speak Your Mind