Emgoldex Philippines Review
I wrote this Emgoldex Philippines Review because I know that there are many Filipinos who are searching for additional information about Emgoldex. Emgoldex is an online store opened by Gold & Silver Physical Metals Company in the UAE, Dubai in 2010. They have been around for years and they have the necessary business permits to operate when it comes to buying, selling of precious metals. The reason why Emgoldex is getting a lot of attention is because of their marketing plan. Emgoldex marketing program is designed to increase sales and attract customers. They reward members (investors) with high bonus compansation if they meet the necessary requirements. Some of their requirement is that you need to refer atleast 2 new members, you need to place a new order for the purchase of gold through the bonus program and the bonus compensation is paid when you exit the order table.
Each table consist of 15 orders(slots). This is like a matrix which is structured upside down. 1 slot cost around P36000 plus and since that amount is too high, members decided to create corpo accounts so that many can join by buying shares from a single slot and once it exits the table, they would share the earnings. For a P36000 plus investment, it’s possible to earn P180,000 or more within a short period of time specially if you are connected to a lot of network marketers who are willing to invest and at the same time recruit. You need to work as a team here if you want fast results. You’ll never be left alone because when you join, you’ll be positioned on level 1 and members on level 2,3 and 4 will want to help recruit to close the order table. You can transfer your ownership to another person. Even if 15 orders are fulfilled but you haven’t recruited 2 new members, you’ll not exit. If you didn’t recruit 2 new members after 2 rounds of table completed, you can get your money back. (You’ll need to verify if this info is updated).
Pros and Cons of Emgoldex Philippines
I like the fact that the marketing plan promotes teamwork however the reason why I did not join emgoldex is because when you invest and join the marketing program, you won’t get anything or any rewards unless you exit the table (15 orders or slots is needed for you to get the reward and it cost P36000 plus per slot..), you need to recruit atleast 2 new members but this depends on your team strategy if they will want to recruit for you. Recruiting is a must if you want to get the reward. Some team will promise to do the recruiting for you and it’s up to you if you believe them or not. There’s a risk that you won’t get any reward or you won’t get your money back if you don’t work together to recruit. Your reward will come from the new member’s pay in and you need to complete the table (15 orders) to exit and get the reward.
Before you join Emgoldex, please do your research. Make sure that you understand their program. Know the risks. You only get a gold or you only get the reward if you meet their qualifications or requirements. There is no such thing as easy money online. Be ready to recruit if you want to make money with Emgoldex but make sure that you let your new members know how it works to avoid complaints later on. Let them know that recruiting is a must if they want to earn reward or commission.
In other countries, Emgoldex transactions are allowed however in some countries, Emgoldex is considered a Ponzi Scheme. In fact people behind Emgoldex Team USA were charged with fraud.
This is what happended to Emgoldex Team USA Members… (I’m hoping that this won’t happen to Emgoldex Philippines)
For their part in facilitating the promotion of the EmGoldex Ponzi scheme, Matthew Michael D’Agati, James Vincent Piemonte, Jonathan Herman Siegler and Joseph Zingales have been charged with violations of the Massachusetts Uniform Securities Act”.
The Massachusetts Securities Division has requested they, in relation to their participation in EmGoldex,
- cease and desist their fraudulent activities
- provide an accounting of all proceeds received
- disgorge all proceeds and other direct or indirect remuneration received
- offer remuneration to fairly compensate all investors who suffered losses
The Division has also requested the court ‘impose an administrative fine‘, the amount of which will be determined at a later date.
Summary: If you want to earn reward or gold in Emgoldex.. you need to focus on recruiting new customers or investors who will join the Emgoldex marketing program because the only way that you get the gold or reward is when you exit the order table (15 slots per table) plus you need to atleast recruit 2 new members and the new members will also need to recruit new members to exit the table for them to get paid. READ THE RISKS OF JOINING EMGOLDEX HERE > https://onlineopportunityguide.com/sec-advisory-on-emgoldex-philippines/
I’m not a member of emgoldex but I did a research on this so if there are incorrect information please leave a comment and I’ll try to rectify it.
Feel free to leave a comment or feedback. I don’t always proofread my posts so expect typos and grammatical errors 🙂 If you’re a grammar nazi, I apologize in advance 🙂 If you want to learn how to setup a website that earns passive income online, check this link