INTRODUCTION.
The company makes the promise of giving investors the opportunity of making money through an ad credit MLM( multi level marketing), which promised profit on investments through a trading bot that it gives the members. This company is also said to deal in cryptocurrency and an ad credit MLM passive income niche too.
Basically, the company has three parts: Impulsex Passive, Impulsex Trading, and Eurekatex Crypto Exchange, which run on their separate websites. Notably, there is no information whatsoever on its chief executive or founder. However, the chief executive of Eurekatex Crypto Exchange is Darren Bradbury, but who may not be the chief executive of the other two parts of the company. Bradbury began online trading sometime in the year 2017, when he promoted another company, Power House Feeder. However, he later started another company, My Passive Trades, which was unable to last due to several shady issues. In fact, he started Eureka Coin in 2019, a company that is tied into Impulsex. Eurekatex Coin is known to trade in its own coin called ERK coin, which is valued at about 1 to 2 Cents since 2018. Later, Darren partnered with one Mike Merdellen and started the Impulsex company, though not much is really known about Mike from all the researches made to date. Impulsex has compensation plans, which are: Ad Pack Passive Income with Impulsex Referral Commissions, Impulsex Trading Commissions, and the Eurekatex Crypto Exchange. The Impulsex Ad Pack Passive Income is an ad credit MLM system which promises weekly return of investment(ROI). It is also claimed that you can earn through recruiting others too and also through the MLM matrix compensation plan. Each of the ad packs which Impulsex offers can be purchased for only a paltry 10 dollars, and it promises a weekly 2.5 percent return of investment (ROI). The second part of the Impulsex compensation plan is their referral commissions, which are paid and also tracked using the MLM matrix compensation plan that is 2X20.
SOME FACTS ABOUT IMPULSEX PASSIVE SYSTEM.
Like most other scam sites or schemes, Impulsex is not regulated or registered by most, if not all, regulatory agencies. This makes it obviously risky to deal with the company, especially since there is nobody to report to in the event that things do not work out well between the investor and the company. In addition, these regulatory bodies have made it abundantly clear that whoever deals with an unregulated company, s/he does so at their own peril. Some of the regulatory bodies with which Impulses is unregulated are: BBB, the Cyprus Security and Investment Commission(CySEC), the Australian Security and Exchange Commission( ÀSIEC) and many others too. Essentially therefore, dealing with Impulsex is liable to result in a whole lot of other unhealthy issues.
The CEO of one of the company's three parts, Eurekatex Crypto Exchange, is known, but those of the other two are unknown and in the wind. This makes identification simply very difficult, which is likely to put you at the receiving end of it all.
HOW DO YOU SPOT A FRAUD SCHEME?
There are simple traits to look out for if you must tell a scam trading platform from a genuine one. To start with, online fraud and the identities of those behind them are usually shrouded in secrecy. First, their websites may not reveal who the founders or executives really are, or in the event where they do, they may incorporate the services of fraudulent and unknown people who will also get in the wind the moment something goes awry or after you are cheated. This simply makes it impossible for you to hold anybody responsible for any wrong doing. This is usually one of the first things you are likely to observe, and it is a red flag indeed. The CEO of one of the three parts that make Impulsex is known, who is said may not be responsible for the other two! What do you make of this information? It is almost as bad as not having a CEO at all. You need to be cautious really. Secondly, if you must go into any business with someone, it is necessary for you to know the means through which you can reach them for whatever reasons. What do you do if their phone numbers, physical addresses, and email are not available for your reference? Where such information is given, it may either be phony or one through which you can only be contacted, but which you cannot use to contact anyone. In fact, it is as good as not having any at all. It is both risky and unadvisable to go into any business with anyone about whom you know little or nothing. One common strategy they usually adopt is to post a few successful trades online on their websites. However, do not be deceived, because this is usually only a plot to lure you further, because on seeing these trades, you are likely to get tempted to go ahead with the business. In short, these online trading platforms can be as crooked as they come, and for that reason, you need to be constantly on guard, or else...You are also likely to observe that their sites are replete with inconsistencies and contradictions. For example, their addresses may not remain the same throughout their websites, as they are known to vary frequently. This itself is a wake up call for you. Should you make any attempt to verify them using known or reliable tools and websites, you may receive another shock as well. This is because, in most cases, they are totally unknown, or when they are, their online ranking of credibility could be so low that you may break in cold sweat. If Google does not know about any such company, it may really never exist, or it is shrouded in lies and falsehood. Again, another equally very reliable means of finding them out is by checking up on people's reviews about them online. This will tell you about them more than anything else would. So, research them, and you may be glad you did.
IS IMPULSEX PASSIVE SYSTEM A SCAM OR NOT?
Judging by using any of the criteria we have explained before now, it is difficult not to think twice about dealing with this company. For example, the issue of their CEO is not resolved at all. We may know the CEO of one of their branches, but how about the other two branches, who heads them, or at best, where do investors stand on this? Another fact worthy of note is that, some very important details about them are not known, such as their physical addresses, as well as any valid phone number or details. This is certainly an issue that cannot be treated lightly, for all our benefits. The company is also not known to be either registered or regulated by any of the known agencies, and that is something you should not put aside too. Specifically, Impulsex is not registered with BBB, as with all others too. So, do be careful with them. If you put all these things together, the company may not really be what it seems or claims to be. For this reason, you are not advised to deal with them, and if you must, it will be very necessary to watch how deep you get involved. In other words, invest only that amount of money which you can lose without breaking any sweat, but nothing more than that. Otherwise, you may have yourself to blame. To put it more succinctly, Impulsex looks more like a fraud than anything genuine or trustworthy.
CONCLUSION.
The urge to make quick money maybe overwhelming, all the same, there is the need to be very cautious, since in the end, we may not only fail to make any profits, but also lose that which we have. The bottomline is to properly research whoever we have any plans to give our money to. If our findings say otherwise, then we must resist any temptation or urge to make quick gains. Luckily, there are many websites and online tools that can help us readily with these things. You should also listen to what others are saying about any such companies. People are always quick to recount their experiences from which others may learn. If more people have complaints than those who actually profited, it is a pointer to the need for caution. These things don't just happen, there is always something that will give you a hint. Therefore, do not turn deaf ears to whay you see or what others are saying. It maybe your chance to evade being defrauded. Research them so thoroughly until you are absolutely sure of what to do, and what's more, the internet has all you need to be able to do just that quickly and effectively. Do not be taken in by a few positive trades they are likely to paste on their accounts, which in reality maybe a ploy to hook you and make sure that you stay hooked. So, watch out without any let up. That's it.