Spey Invest Review – Legit Company or Another Scam? Find Out Here…
Welcome to my Spey Invest Review!
Whether you have already heard about this company or this is the first time you’re seeing its name, you are probably here because you want to know more, right?
Joining an online business is a big decision and you want to be sure your money is in good hands!
One of the best ways to find out if a business is legit is by reading and learning everything you can about it before signing up.
This review will dig into the company background, the products and the compensation plan.
Let’s get to it!
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.
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 Reviews – The Products
Spey Invest does not have any retail products or services.
Affiliates simply market the Spey Invest affiliate membership.
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.
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…
This is when companies tend to collapse and affiliates start leaving…
So if you are thinking of joining this company, do so at your own risk…
I hope you enjoyed my Spey Invest review and if you have any questions, please leave them in the comments below…
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