Welcome to my SpeedFlow review!
Is SpeedFlow a scam?
This is one of the main questions that we are going to figure out in this review and get some definite answers.
You might have heard about this opportunity by an email, an ad, or someone that you know contacted you wanting you to take a closer look.
The reason why I am here today presenting my review with you is that I heard about SpeedFlow most likely the same way you heard about it.
It seemed to start getting more and more interest and I wanted to see what all the buzz was about.
I am not going to sugar coat my finding here for you so for some of you this information might upset you if my conclusion comes to be a bad one or me labeling this company a scam.
I want to keep it real and find the truth for everyone, so if bad news is all I got for you then it is what it is.
But wait…
There might be a great opportunity here and be the greatest opportunity ever.
So you are going to have to wait until we both discover what the company is all about overall.
So, let’s get started and dive down.
SpeedFlow Review
SpeedFlow is a program that is designed to help a person make money online.
The SpeedFlow program is a cycler commission plan program that pays out earnings with cryptocurrency.
The opportunity has several colorful aspects to it that are not necessarily legit with the regulators that are in the US.
I am not going to totally go into all the details right now, what I am going to do is break the entire opportunity down into sections.
Let’s start with my review of the SpeedFlow company.
SpeedFlow Company Assessment
Another company website has no information ‘that can be found’ about who owns it or who the creators are.
In my personal opinion, when a company does this, it always throws up a red flag.
This is one of the first things I go to check when doing a review for any opportunity.
When I can’t find the information on the actual website itself it sets the stage for me, and already puts a bad taste in my mouth.
Even if I can find information about the company owner’s in another source, it’s still not a good sign.
So, after digging a little further I went and checked out the domain name of the company which is “speedflow.org”.
It was registered on March 16, 2018.
The 2 main sources of traffic that are coming from search are from Russia and Brazil.
The website has an address that is listed in Gibraltar but not a full physical address.
When you visit their “Contact Us” page, I’ve noticed that the last part of the URL is media suggesting that the registered owners live somewhere in Italy.
Either way, even though this is never a good sign in my opinion, but not a definite final judgment on whether an opportunity is a scam or not.
Let’s move on to the next section of my review which is the products.
Another great article: Community Collect Review – Scam or Legitimate with Compensation Plan Overview
SpeedFlow Products Review
SpeedFlow has no products or services that affiliates can buy or sell.
But anyone who wishes to sign up as a SpeedFlow affiliate can market affiliate membership.
Another great article: Velimon Review – Compensation Plan Overview – Is it a scam?
SpeedFlow Compensation Plan Overview
The compensation plan that SpeedFlow offers is designed in an MLM matrix-styled cycler type of commission structure.
If you want to be qualified to earn commissions with the SpeedFlow opportunity you will need to register an account and invest some money first.
The matrix cycle has 6 levels that are designed in 2×2 blocks for each level.
When you fill-up your first cycle or block, you are now qualified or “cycle” for the next matrix or block 2.
The system will automatically pay your qualification cost with your pending commissions.
Each matrix will consist of 6 members and the “cycle” happens when all the positions are filled.
The commission “payout” happens when your first matrix is filled.
Then it “cycles” you a commission.
To participate in the next matrix you will have to pay $30 USD to participate in that cycle board.
When your second level matrix filled up with 6 members you have then cycled a commission.
This happens for all 6 matrices, and each time you fill your 2×2 matrix, you then earn a cycled commission.
Here is an explanation for all the 6 levels:
- Level 1 – This level costs $20. When you cycle you will get $80 in your balance. $20 can be withdrawn when you cycle this matrix, $20 is an auto-reinvest, and $40 goes toward your transition into matrix 2.
- Level 2 – This level costs $40 that will be paid from your previous level. When you cycle you will get $160 in your balance. $30 can be withdrawn when you cycle this matrix, $30 goes to your senior sponsor, and $100 will go toward transitioning into your matrix 3.
- Level 3 – This level costs $100 that will be paid from your previous level. When you cycle you will get $400 in your balance. $50 can be withdrawn when you cycle this matrix, $50 goes to your senior sponsor, and $300 will go toward transitioning into your matrix 4.
- Tier 4 – This level costs $300 that will be paid from your previous level. When you cycle you will get $1200 in your balance. $100 can be withdrawn when you cycle this matrix, $100 goes to your senior sponsor, and $1000 will go toward transitioning into your matrix 5.
- Tier 5 – This level costs $1000 that will be paid from your previous level. When you cycle you will get $4000 in your balance. $500 can be withdrawn when you cycle this matrix, $500 goes to your senior sponsor, and $3000 will go toward transitioning into your matrix 6.
- Tier 6 – This level costs $3000 that will be paid from your previous level. When you cycle you will get $12000 in your balance. $6000 can be withdrawn when you cycle this matrix, $6000 goes to your senior sponsor.
Just wanted to highlight that you do get a type of matching bonus when your team members cycles through a matrix to get to the next one.
Here are the bonuses that you receive:
- Level 2 – You will receive $30 matching bonus commissions when your personal referral cycles out of this matrix into the next one.
- Level 3 – You will receive $50 matching bonus commissions when your personal referral cycles out of this matrix into the next one.
- Level 4 – You will receive $100 matching bonus commissions when your personal referral cycles out of this matrix into the next one.
- Level 5 – You will receive $500 matching bonus commissions when your personal referral cycles out of this matrix into the next one.
- Level 6 – You will receive $6000 matching bonus commissions when your personal referral cycles through their final matrix.
What Is The Cost for SpeedFlow, and What Are The Payment Options?
It is $20 USD to join and participate in the compensation plan to earn money with SpeedFlow.
This will get you a position in the first board or the first level of the cycler.
This is a monthly cost.
The payment processors that SpeedFlow has to offer are Bitcoin, Ethereum, Litecoin, Bitcoin-Cash, or Payeer.
More related articles: Cryptocurrency Reviews, Compensation Plans, and Scams
My Final SpeedFlow Review and Thoughts
Let’s take a look at what we have here with what I reviewed on the SpeedFlow opportunity.
There is a lot of secrecy when it comes to who is behind this opportunity when trying to find information on the company website.
There are no tangible products.
The money that goes into the program pays out commissions for the next affiliate in line that qualifies.
The company is located somewhere out of the US (not confirmed to where exactly, maybe Italy?)
It is a program built for the short-term money game due to the low cost and cryptocurrency payouts.
I am not saying it is bad in that aspect, just saying that any legitimate company will provide payment processors that at least include a Fiat type of currency exchange.
Is SpeedFlow A Scam?
It has all the signs of being a scam in my opinion, but some will say since the company pays out commissions doesn’t make it a scam.
Well, the simple fact that an opportunity pays out commissions doesn’t make it legit either.
I will just say this.
In my opinion, I wouldn’t touch this company.
There are too many times that these types of companies get shut down and the owner goes into hiding just to start a new opportunity with the same type of compensation plan model.
Usually many people that got involved lose money and the only winner, in the end, seems to always be the owner of the company.
I had too many bad experiences to take chances on these types of programs.
So, if you were to ask me what I think…
I would say yes, it is a scam, but more specifically a Ponzi Scheme due to not having any type of product.
Take my advice and just move on to the next one.
More specifically, a legit one.
I hope you enjoyed my SpeedFlow Review and a total company overview.
Thank you.
