In this post, we will review the Esom App and determine whether Esom App is real or fake.
Esom App operates from two domains (es-glzx.com and esom.cc) and has around 1.3 million combined traffic from Ukraine, Russia, Pakistan, and Egypt.
So let’s get started.
What is Esom App?
Esom App is an investment-based MLM company that claims to offer an opportunity to invest in various trading strategies with the promise of weekly returns.
Esom has only one product of affiliate membership, and affiliates are required to invest a minimum of $10 in tether (USDT) to join the income opportunity.
The company’s compensation plan pays affiliates referral commissions based on the amount of tether invested by their downline. The commission structure is based on a unilevel compensation structure that pays on five levels.
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Esom App Real or Fake?
There are various earning claims related to Esom App and people are promoting it for referral commission. So lets check some real insight about it
Warning from Regulators
Esom App is considered another example of the infamous “click a button” app Ponzi scheme that has been sweeping the internet since late 2021.
The interface of the app is copied and very similar to the Chinese investment apps like Powerbank, the main aim of these apps is to collect the maximum investment from the users and then suddenly they shut down the app.
They show exciting return offers to the users. In starting some users get a return on their investment and when the app gets a huge amount of investment, later they shut down the operation.
Already there are a lot of fraud apps/websites like Esom that have been shut down and a lot of users lost their money.
The United States NFA regulation (license number: 0466859) claimed that Esom is suspected to be a clone of existing scams.
Money Circulation Concept
The app promises its affiliates high weekly returns based on trading activity tied to a button click.
However, it is essential to understand that no actual trading activity is happening behind the scenes. The only thing happening is the recycling of invested funds to pay returns over seven days.
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Founders & Operators Hiding
One of the concerning things about Esom App is the lack of transparency regarding the company’s ownership or executive team. This lack of transparency is often a red flag for potential investors, and it should be a cause for concern.
Esom App tries to make investment plans seem more attractive by offering different levels of return based on how often you click the button.
However, this is just a marketing gimmick to encourage people to invest more money.
Moreover, users have reported difficulties in withdrawing their funds from the platform, further highlighting this app’s shady nature.
It is crucial to do your due diligence and research any investment opportunity before investing any money.
Should I Join Esom App?
It is proved that Esom App is not a legitimate investment opportunity. As always, it’s important to do your due diligence before investing any money and to be wary of anything that promises high returns with little effort.
Esom App is not legally registered anywhere and fools people around the world.
This can collapse anytime and people who invested their hard-earned money into it can lose.
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