At Cost Metals has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Alyx Union. We’ve received over 6 complaints against At Cost Metals.
At Cost Metals, there is a lack of openness regarding ownership, as well as the use of AI avatars and promotional films. The lack of control indicates potential illegitimacy, increasing the risk of scams. The remuneration plan, which includes membership fees and recruitment commissions, raises worries about pyramid-like organizations. Victims have limited redress due to a lack of regulation and watchdog inspection. Caution is urged, given the usual strategies employed by scammers to appear credible. The similarities with Preservation of Wealth point to potential regulatory problems, emphasizing the hazards involved with unregulated businesses such as At Cost Metals.
Get Your Money Back From These Scammers!
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Key Takeaways
Is At Cost Metals Regulated? Do They Have a License?
At Cost Metals’ website lacks openness regarding ownership and executive information. When you visit the site, you’ll notice a simple homepage design with items like an affiliate signup link, AI avatar-hosted marketing films, PDF presentations, and metal pricing.
The addition of AI avatars raises immediate concerns, as they are frequently associated with dishonest behaviors aimed at disguising ownership, indicating potential scams. A deeper look at At Cost Metals reveals promotional marketing films claiming Justin Davis was the company’s founder.
The lack of regulation or the presence of poor regulation is a huge red flag. It means At Cost Metals is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of At Cost Metals, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at At Cost Metals
Cost Metals runs on a compensation model in which affiliates sign up and pay membership fees. Commissions are made by recruiting other affiliates to follow suit. The pay plan consists of three tiers, each with particular qualification criteria:
1. Qualification: Recruit 2 At Cost Metals affiliates.
2. To qualify for Silver Affiliate status, you must recruit six At Cost Metals affiliates and have at least two Affiliate-ranked affiliates in your downline.
3. To qualify as a Gold Affiliate, you must recruit 12 At Cost Metals affiliates and have at least 2 Silver Affiliates in your downline.
It is important to note that recruited At Cost Metals affiliates must be “active” in order to count toward rank qualification. Being active involves creating at least 20 sales volume (BV) throughout a rolling 32-day period, which can be achieved by recruiting affiliates or purchasing metals from the corporation.
Affiliates can pick between two packages: Metals ($149) and Metals Plus ($399). Commissions are paid as follows:
– Earn $25 when you recruit a Metals Package affiliate.
– Earn $50 when you recruit a Metals Plus Package affiliate.
The commissions are paid via a binary compensation mechanism. Affiliates are positioned at the head of a binary team, and BV is generated by direct and indirect recruitment. For every 500 BV matched on both sides of the binary team, a $500 residual recruitment commission is awarded. The affiliate’s rank determines the weekly commission caps.
- Affiliates can earn up to $2000
- Silver Affiliates can earn up to $10,000.
- Gold Affiliates: Up to $30,000.
Cost Metals provides a 10% match on residual recruitment commissions generated by directly recruited affiliates. Only affiliates graded Silver or Gold are eligible for the Matching Bonus.
Affiliate membership is $149 per year for the Metals Package and $399 per 18 months for the Metals Plus Package, which includes “3 perfect MS70 graded numismatic 1 oz silver coins.”
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
At Cost Metals Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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At Cost Metals Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like At Cost Metals tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust At Cost Metals reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of At Cost Metals, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like At Cost Metals enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “At Cost Metals reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising At Cost Metals.
You should always look out for consumer complaints. In the case of At Cost Metals, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about At Cost Metals? You can share your complaint in the comment section or submit an anonymous tip.
Is At Cost Metals Legit Or Scam?
At Cost Metals appears to be a relaunch of Preservation of Wealth, with a focus on the latter’s regulatory compliance difficulties. The lack of retail sales in the MLM opportunity raises worries about its management, which resembles a pyramid scheme.
The Federal Trade Commission has specifically stated that MLM organizations that do not generate significant revenue from retail sales are pyramid schemes.
At Cost Metals, like its predecessor, may experience difficulty as affiliate recruitment diminishes, potentially leading to a collapse in which existing affiliates discontinue membership, resulting in financial difficulties for the majority of members.
At Cost Metals is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind At Cost Metals can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust At Cost Metals?
All the evidence suggests that At Cost Metals is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The At Cost Metals Online Scam Works
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