iQuandex, a relatively new securities investment scheme, is gaining popularity. With an estimated 550 visitors per day, it seems that iQuandex is a real investment opportunity. A closer look reveals, however, that it is a Ponzi scheme that could collapse soon.
Apart from the fact that iQuandex is not open about who owns or runs it, and that a Google search of its purported owner, Abranov Rinat Fanozovich, fields no results, it features Denis Derkach, a self-acclaimed “international crypto expert”.
Denis’ pedigree stems from promoting Ponzi schemes such as Bitclub network in 2017, vizionary in 2016, and Kannaway in 2020.
Another red flag is that as an investor in iQuandex, there is no underlying asset or business that is being invested in neither is there any retailable product or service that is being invested in. Investors and affiliates are only able to market iQuandex’s affiliate membership itself.
As common with Ponzi schemes, iQuandex promises guaranteed returns and a consistent high performance. The static nature of ROI on iQuandex is a deviation from the ever changing nature of true investments. iQuandex ROI does not reflect the volatility or flunctuations that characterizes real investment opportunities.
Also, a look at the structure of iQuandex reveals that it is a Pyramid scheme attached to a trading Bot. It runs a binary compensation structure that places an affiliate at the top of a binary structure split into two sides. Each side of the pyramid structure houses twices as many positions as the previous levels. It could be inferred from this structure that new members are needed to keep iQuandex running. Should iQuandex have difficulty in getting new members, a collapse is inevitable.
iQuandex runs on a pay to play set up(a major signpost in identifying a Ponzi or pyramid scheme). New affiliates sign up paying those who recruited them. These new affiliates are then paid to recruit new affiliates. There is nothing being marketed or sold. Pay to play becomes evident by way of higher fees paid resulting in higher income potential. The more iQuandex affiliates pays in fees, the higher their income potential. Notably, iQuandex manages to create the illusion of trading earnings by shuffling money between accounts.
With its vague business model, iQuandex bears no semblance to true investment schemes. Its reliance on more investors,the apparent pressure to reinvest, and associations being its only source of credibility all point to the fact that iQuandex is a Ponzi scheme waiting to crash.