What Is Circle of Finance? An Obvious Clone of Another Ponzi Scheme!

What Is Circle of Finance? An Obvious Clone of Another Ponzi Scheme!

Welcome to my Circle of Finance review!

It doesn’t surprise me at all that popular Ponzi schemes aren’t really gone for good. Some just rebrand while others try to create a clone of the existing system and funnel them into the original scheme.

We’ve debunked some of these Ponzi schemes in Smart Affiliate Success, but nothing really comes close to this network of scams belonging to OneCoin, a multi-billion dollar Ponzi scheme that scammed $4 billion out of their members.

Today, we’re taking a look at Circle of Finance.

First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.

That's the way to avoid scams and find the legitimate way to make money online!

Let me be completely transparent with you, I'm not associated with Circle of Finance in any form.

So, rest assured that I'm not here to pitch or sell anything to you.

Instead, I'm here to reveal what makes this a clone and why you could go to jail for promoting it...

Circle of Finance Review Summary

Product Name:  Circle of Finance

Founder:  Veselina Volka and Habib Zahid

Product Type:  Cryptocurrency MLM

Price:  250EUR to 3950EUR

Best For:  NO ONE!

What Is Circle of Finance Image Summary

Summary:  Circle of Finance is a MLM company that markets a cryptocurrency investment  scheme, but it's actually nothing more than a Ponzi scheme. In fact, it's a clone of one of the most infamous Ponzi schemes, and we have enough reason to believe that this one is just going to go after your money. 

Rating: 1/100

Recommended: No!


What is Circle of Finance?

Circle of Finance is a MLM or multi-level marketing company that markets a cryptocurrency investment scheme. But in reality, it’s actually an umbrella company that covers the following companies:

  • TradeInvicta
  • TrebleU
  • DealsInvicta

Those names will be showing up a few times in this review. But the review will still be on Circle of Finance.

Circle of Finance has been marketed as a way for you to make money online, and is marketed by its founders Veselina Volka and Habib Zahid. Both Zahid and Veselina were involved in the Ponzi scheme OneCoin.

Veselina worked for the head office of OneCoin while Zahid was one of the top promoters. They left OneCoin shortly after the company fell apart and created a clone of their own.

Authorities have begun to crack down on OneCoin and made arrests on several of the management team and some promoters. The couple is believed to be hiding in Dubai, but there’s no confirmation of

This is where the timeline starts to coincide. Details about Circle of Financestarted to surface last November, which was the same time that these arrests were made. One key arrest made was that of the owner, Konstantin Ignatov. He ended up with a 90-year sentence for this scheme.

Circle of Finance was incorporated as TradeInvicta in Estonia but this registration doesn’t mean anything since it’s only something that has to do with a shell company registration.

In other words, it’s hiding itself within another company.

Circle of Finance Product Line

There are no products or services being offered by Circle of Finance. They offer an opportunity to purchase and sell memberships into their investment scheme.

Note that this doesn’t make it an investment service either because there are no trades being done here.

Their tokens, called INV, are what you’re trying to purchase or “invest on”. Your initial investments are based on how many tokens you’re going to purchase, which I’ll show later.

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Does The Product Work?

These INV tokens are assigned an arbitrary value, since they’re not publicly traded. The only way for the value of these coins to go up is to decide how much it costs today. The only way that their business model makes sense is that there are people buying into the membership tiers.

Because there’s no trading done, there’s no profits generated from these investments which could help keep the company up.

Now, it’s obvious that there’s nothing good coming out of their program, so it’s not going to take long before the company runs dry in terms of recruiting and the money stops coming in.

The tokens are absolutely worthless and have no use outside of the program.

How To Make Money with Circle of Finance?

There’s only one way to make money from Circle of Finance, and that is to get people to buy into the membership.

And that’s easily done by telling people they’re investing in the Tokens.

How To Get Started with Circle of Finance?

There are different investment tiers when you invest in the INV tokens, and you get different commission rates:

  • Forex Introduce – Invest €250 EUR and receive 35 INV tokens
  • Forex Trader – Invest €950 EUR and receive 130 INV tokens
  • Forex Impact – Invest €1950 EUR and receive 350 INV tokens
  • Forex Professional – Invest €2950 EUR and receive 600 INV tokens
  • Forex Winner – Invest €3950 EUR and receive 950 INV tokens

These INV tokens can also be acquired through the internal InvictaTrade internal exchange. You also get a bonus of up to 15% on directly invested INV tokens.

Circle of Finance Compensation Plan

Their compensation plan is basically revolving around recruitment, and the incentives for getting people into the program are high.

Recruitment Commissions

Circle of Finance members get 10% of the funds invested by their personally recruited members.

Residual Commissions

Residual income is paid out following a binary compensation structure. To qualify for this commission, you have to recruit two people and put them in your right and left leg.

The binary compensation plan places you at the top of the structure and your two personal recruits at the bottom. The second level of the binary structure splits out into two positions, so your recruits now have legs of their own.

And this goes on and on through unlimited lengths. You earn 7% in commissions on the lesser leg and any leftover volume is rolled over.

Circle of Finance Ugly Truths Revealed!

#1 It’s An Obvious OneCoin Clone!

There’s no denying the fact that this is simply a clone of OneCoin, and that it’s only going to have you paying for something that ultimately has no value.

You’re never going to get your money back because the investments made by you and several other people are only going to pay the people at the top of the pyramid.

#2 Banned In Several Countries

Circle of Finance has already been banned in several countries, such as Canada and USA, and marketing the company within these restricted countries are going to put you in jail.

What Is Circle of Finance - Banned In The USA

What Is Circle of Finance - Banned In The USA

#3 Obviously a Ponzi Scheme!

Being a OneCoin clone, it’s no surprise that it’s a Ponzi scheme. According to the FTC and SEC guidelines, MLM companies who don’t have products or services to market are flagged as Ponzi schemes.

GoFounders Review - FTC Guidelines

GoFounders Review - FTC Guidelines

Even if they do hide their recruitment under the guise of an investment service, they would still need to register with the proper authorities to carry out financial investments. Unfortunately, they aren’t registered with these financial institutions to do investments.

What I Like About Circle of Finance?

Circle of Finance has nothing positive worth mentioning. The program doesn’t do anything good for the members, and the only people making money are the ones at the top.

Is Circle of Finance a Scam?

Circle of Finance is definitely a Ponzi scheme, and it’s obvious from the way they market their opportunity to their founders.

Verdict Scam Template
  • There’s no other incentive here to make money other than to recruit people. In the eyes of the FTC and SEC, this is a big NO-NO!
  • The owners were associated with OneCoin, the multi-billion dollar scheme that rocked the world.
  • It’s also banned in several countries, and for a good reason. There’s nothing good that would ever come out of letting this stay for too long. You could also get jailtime if you promote this program and end up making money off of someone.

It won’t take long before this program shuts down and reinvents itself again. The people behind OneCoin and its notorious scam network are persistent and will continue to make fools out of people. Stay away from this program.

How I Make a Living Online?

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

  • You don't have to recruit anyone to make money
  • You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
  • It's Free to get started

In fact, with affiliate marketing...

I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!

Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...

If you want to discover the secrets of how I did it at such a young age, click here!

Justin Hagen

Justin has worked as an SEO and content specialist for the last 9 years. His success in the industry has allowed him to graduate from college, pay for a wedding, and pay for their first car. He recently joined Jerry as a writer for the Smart Affiliate Success blog.

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