BizzTrade Review: Forex Education Scam or Legit?

BizzTrade Review: Forex Education Scam or Legit?

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BizzTrade tells Forex enthusiasts on their website that they are the most simple, intelligent and empowering Forex education platform. Is this statement true or just a bid to market to naive traders? We are going to answer this question shortly. At the moment, we need to know the following:

BizzTrade launched this year. It is most likely operated by the same people who managed BizzTrek. The operators and co-founders were Rehan Gohar, Rizwan Gohar (brothers) and Gurpreet Dhaliwal. The company was based out of the UK and its business model combined  pyramid recruitment with an irrelevant ecommerce platform.

By late May, BizzTrek was kaput. And that was that for a few months. Now BizzTrek is back with a new name and business model; BizzTrade. Read on for a full review of BizzTrade’s MLM opportunity. If you want to invest in real Forex trading, make use of these trading tools.

BizzTrade review

Now, for BizzTrade to look legit, they are making the following statement:

“While there are countless opportunities in the market today, people struggle to find one platform that nearly as transparent, simple and sustainable. Our Educational Tools are aimed at delivering specific information and training to help you improve your financial position. The fluidity of knowledge transfer and its affordability is at the heart of our program. This platform provides you boundless prospect of interpersonal development along with the opportunity to work with experienced as well as ambitious entrepreneurs, from across the globe. BizzTrade has an immensely experienced and forward thinking leadership that understands the gap in market faced by buddying entrepreneurs. We build systems that are profitable to the consumers today yet relevant and rewarding in the future.”

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BizzTrade has no real products and instead, they are providing dubious reasons to make people think that they are investing in real Forex trading. BizzTrade has no retailable products or services, with affiliates only able to market BizzTrade affiliate membership itself. The website affiliate membership provides access to “Forex education”.The company’s compensation plans are as follows:

Affiliates invest €50 to €10,000 EUR on the promise of advertised returns.

  • Starter – invest €50 EUR and receive up to 0.4% a day
  • Pro Starter – invest €100 EUR and receive up to 0.4% a day
  • Business – invest €500 EUR and receive up to 0.6% a day
  • Pro Business – invest €1000 EUR and receive up to 0.6% a day
  • Trader – invest €5000 EUR and receive up to 0.8% a day
  • Pro Trader – invest €10,000 EUR and receive up to 0.8% a day

Returns are paid up till 400%, after which reinvestment is required to continue to earn.

Recruitment Commissions

BizzTrade affiliates receive 10% of funds invested by personally recruited affiliates. The website pays residual commissions via a binary compensation structure. A binary compensation structure places an affiliate at the top of a binary team, split into two sides.

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

BizzTrade tallies up new investment volume on both sides of the binary team.

Affiliates are paid 8% to 10% of funds invested on their weaker binary team side.

  • Starter and Pro Starter tier affiliates earn an 8% residual commission rate
  • Business and Pro Business tier affiliates earn a 9% residual commission rate
  • Trader and Pro Trader tier affiliates earn a 10% residual commission rate

Once funds are paid out on they are matched on the stronger binary team side and flushed. Any leftover volume on the stronger binary team side is carried over. Note that BizzTrade don’t specify whether residual commissions are paid daily or weekly.

How to join the fake Forex Trading school

Membership is €10 EUR plus a €50 to €10,000 EUR investment. The more a BizzTrade affiliate invests the higher their income potential.

The truth about this website

The people who run BizzTrade used to manage BizzTrek and claiming that they were offering up a 400% ROI passive investment opportunity. The company represents returns are generated via forex trading. The above FCA registration number corresponds with Infinox Capital Limited. Which is great for them, but has nothing to do with BizzTrade’s passive investment opportunity. With respect to MLM regulation, passive investment opportunities constitute securities offerings. This requires any MLM company offering a passive investment opportunity to register with financial regulators.

Neither BizzTrek or BizzTrade are registered to offer securities in the UK or anywhere else in the world.

This means that irrespective of anything else, BizzTrade is operating illegally. One important aspect of regulatory registration is the requirement that an MLM company provide evidence it is doing what it says it’s doing. In this case; paying affiliate returns with actual trading revenue. Oh and some virtual shares nonsense offering:

The only reason an MLM company would forgo regulatory filings and instead opt to operate illegally, is if they aren’t doing what they represent they’re doing. As it stands the only verifiable source of revenue entering BizzTrade is new investment. The company already uses these funds to pay pyramid scheme commissions (BizzTrade has no retail component), so it’s not much of a stretch for returns to also be paid out of invested funds.

Our best advice for you

The recycling of newly invested funds to pay existing affiliates a 400% ROI would make BizzTrade a Ponzi scheme. As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment. This will starve BizzTrade of ROI revenue, eventually prompting a collapse. The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money. If you want a real world evidence of recruitment-based losses, look no further than BizzTrek’s failed MLM opportunity. If you want to make money trading Forex, find good trading resources that can help you automate your trading. You can pick our recommendations here. 

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