MarketPeak Review: Scam or Legit?
Hello there! In this review, we will be looking into everything there is to know about the business termed as MarketPeak.This company has stirred a lot of heads and it claims of getting rich quickly. This seems incredibly suspicious and shows the tell-tale signs, that it could be a Ponzi scheme.
If you are an investor, who is thinking of investing in this company, we suggest you read this review all the way till the end. This can potentially help you save hundreds and maybe thousands of dollars, that you would be investing in. So, we will be taking an in-depth look into understanding everything there is to know about this company, and identifying whether it’s a Ponzi scheme.
So without further ado, let us dive into everything about the company, MarketPeak. MarketPeak operates in the MLM niche and is incorporated in the country of Dubai. Founded by CEO and co-founder Sergej Hack, the majority of the information is ineligible as it is written in German.
Heck has been involved in many scams and Ponzi schemes in the past and whenever the company gets shut down, he starts another one.
What products does MarketPeak offer?
There are absolutely no products or services of retailable nature offered by the company, except for affiliate membership. This is the first sign of a company being a Ponzi scheme. Next, let’s look at the compensation plan.
How does the MarketPeak compensation plan work?
MarketPeak affiliates invest in PEAK tokens.
- Affiliate – invest $250 and receive 5000 PEAK tokens
- Marketer – invest $1000 and receive 20,000 PEAK tokens
- All-In – invest $2000 and receive 40,000 PEAK tokens plus a 10% bonus
- Enterprise – invest $7500 and receive 150,000 PEAK tokens plus a 15% bonus
MarketPeak pays referral commissions via a uni-level compensation structure. A uni-level compensation structure places an affiliate at the top of a uni-level team, with every personally recruited affiliate placed directly under them. Commissions are paid out when they recruit others who do the same. f any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretically infinite number of levels. MarketPeak caps payable team levels at eight. Referral commissions are paid out as a percentage of funds invested across these eight levels as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 4%
- level 3 – 2%
- levels 4 to 6 – 1%
- levels 7 and 8 – 0.5%
What are the residual commissions offered by MarketPeak?
The compensation plan offered by MarketPeak is arranged in a binary compensation structure. This structure is really not favorable, for newcomers to earn and only benefits the older members. The residual commission earnings which are earned daily on the basis of rank are:
- Newbies and Rookies can earn up to $560 a day
- Intermediates can earn up to $1040 a day
- Advanced can earn up to $1520 a day
- Professionals can earn up to $2000 a day
- Experts can earn up to $2560 a day
- Leaders can earn up to $3040 a day
- Mentors can earn up to $3520 a day
- Stars can earn up to $4000 a day
- Super Stars can earn up to $5040 a day
There is also a matching bonus on residual commissions paid out by MarketPeak on residual commissions, which can be earned by downline affiliates. There is also a matching bonus of 5% which is paid on the same uni-level structure. These are termed as referral commissions which can be capped down to 5 levels of recruitment.
As you can see, the compensation plan pays a lot but is completely biased towards making existing and older members get richer while the older members struggle. So, investing in this business is definitely not a good idea.
If one is still interested in joining MarketPeak, there are four levels of memberships starting at $250. The four levels are:
- Affiliate – $250
- Marketer – $1000
- All-In – $2000
- Enterprise – $7500
After all this information that has come to light, there are two methods of fraud that MarketPeak employs which are pyramid business model and the Ponzi scheme. Thus, we would suggest staying away from investing in this company and looking for other opportunities. We hope you found this review informative.