Website & Company Information
The web domain of the company was privately registered on the 27th of June 2008 and was later updated on 2020–01–08. According to us, the website was re-registered in January for MLM purposes, and the original registration that occurred in 2008 was by a different company with the same name.
Wayback Machine suggests Easy Funds didn’t exist before November 2019. Despite having no existence before 2019, the company claims of operating since 2003, which is a false claim.
The website does not provide any information about who owns or runs the company. Energy Funds provides an address in Buffalo, New York on its website. The address provided on the site is fake.
As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.
Energy Funds’’ Products
The company has no retailable products or services, with affiliates only able to market the affiliate membership itself.
Energy Funds’’ Compensation Plan
The affiliates of the company invest fiat and crypto on the promise of advertised returns:
- Basic — invest $1500 to $4990 and get an ROI of 150% over 10 days
- Pro — invest $5000 to $99,900 and get an ROI of 250% over 10 days
- Premium — invest $100,000 to $850,000 and get an ROI of 400% over 10 days
The company also pays referral commission via a unilevel compensation structure, capped at three levels of recruitment:
- level 1 (direct recruits) — 5%
- level 2–3%
- level 3–1%
Joining Energy Funds
Joining Energy Funds affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $1500.
The company claims of generating external revenue via binary options. In our experience, Binary options are itself a fraud industry. You don’t trade there but you ‘’gamble’’ your money in that market. There have been many suicides due to that fraud business.
ENERGY FUNDS is a regulated broker with Federal Financial Markets Service (FFMS) , Commodity Futures Trading Commission (CFTC) and Cyprus Securities (CYSEC).
ENERGY FUNDS was established in 2003 trading forex and real estate initially, till expansion into Binary Options.
Even if we believe that they ‘’really are’’ active in the financial markets, we couldn’t confirm the same because of the lack of evidence to back this claim.
The company also does not provide any legal proof that they are a ‘’regulated broker’’. Energy Funds is not registered with the CFTC.
Since they claim that they are based out of the U.S, they are not registered with the CFTC, and hence they are operating illegally.
The only valid source of revenue entering the company is a new investment, and using those funds to honour a whopping 400% ROI makes it a Ponzi Scheme.