BizzTrade is a platform that has acquired much popularity in the market. The company is being advertised all over social media. You might think that this is the next big thing in the industry.
In today’s review shall discuss in detail the operation of this venture. There is much hype that comes with this firm. We have seen people referring to their friends, relatives, and colleague in this entity. The big question many people are having is whether the company is worth it.
BizzTrade does not have investment services or products that they are selling to investors. The venture is an MLM firm. Of you end up joining the platform, you need to refer to as many people as you can for you to earn profits.
The company founders are Rehan, Gohar, Rizwan Gohar (the two are biological brothers), and Gurpreet Dhaliwal. When you join this entity, keep in mind that they do not have products that you can sell.
We all notice how hard it is to recommend people to new services. Therefore, we all know that it will not be easy to generate profits. BizzTrade is a pyramid scheme, and they will pay new clients using the new funds that are coming into the platform.
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When they cannot attract more victims, the firm will close down their business. Facts remain that the company is doomed to fail. Investors should avoid such entities as, in the end, losses are to be made.
The company claim that it is the most empowering, intelligent, and straightforward Forex training company. The platform state that by joining them, you will end up improving your Forex skills.
The company was formerly known as BizzTrek, which was established in 2019. It was still another MLM venture. The website was not that popular in the industry, and we would say their new domain has acquired substantial traffic.
When you join their venture, the platform guarantee that you will get live sessions, Forex mastery course as well as videos that have thorough education for Forex, additionally, this company also have a mobile application that you can download in your phone.
We also recommend that investors use legit Forex trading software that operates automatically in case you want to trade. However, it is best to keep away from an entity that has nothing to offer apart from the affiliate program.
To earn a profit, you need to utilize the membership plan by getting commission after inviting new people. We shall discuss the different program that BizzTrade have.
For starters, you need to deposit €50 up to €10,000. The returns vary depending on what you deposit. You can earn 0.4% daily if you cash in 50 Euros up to 100 Euros.
If you deposit funds worth 500 euros up to 1000 euros, you will get 0.6 returns daily. €5000 up to €10,000 will earn you a 0.8% return daily. By utilizing the referral program, you can earn up to 400%. How ever, we do not know where you will get all there affiliates from.
The company also urges members to reinvest the amount to increase the chances of earning even more profits. You will also be a 10% bonus from your referral. BizzTrade is utilizing binary compensation to reward investors.
As we had mentioned earlier, two of the founders are brothers. They were formerly inning BizzTrek, which we still don’t know why it made an exit from the market. Moreover, the founders are linked to other MLM that have collapsed in the past.
The ventures are made away with client funds. With all these signals, it would be unwise to trust still such people who lack transparency. The founders are only after fattening their own pockets.
They will abandon you high and dry with nowhere to run to. The owners are renown individuals who will abandon one venture and come back with a different narrative. They claim they will teach investors everything they need to know in regards to affiliate marketing.
The only advantage that might be there is the Forex education resources they claim to avail. The company is also providing social responsibility which targets children. However, the drawdowns outdo the benefits. For starters, BizzTrade does not have any services or products for their clients.
The founders have unpleasing past, and it is hard trusting such people. The company solely depends on the affiliate, which makes the entity a pyramid scheme. It is highly possible that the majority of clients will not succeed in making a profit in this entity.
Regulation and Customer Support
BizzTrade is a platform that is operating on their own accord. Since they claim to be from the UK, we could not find them on the database of Financial Conduct Authority (FCA). The platform goes ahead to claim that there are operating following the law.
It leaves us wondering which government are they talking about unless there is a new regulatory body that allows the Ponzi scheme to operate, which is absurd to even think about it.
The government should put these three fraudsters behind bars. To connect with the customer support, you need to leave them an email; [email protected] There is no other channel of communication that is available. You will end up waiting for the rest of your life before getting feedback from such a shady entity.
We always advise traders to check for the quality of customer support before trusting blindly. You are supposed to be conscious of what you are getting yourself into. However, based on the characteristic of this entity, we do not recommend any trader to give them a try.
Some people claim to have made a significant amount of funds using this company. Nonetheless, several negative reviews show the platform might be another Ponzi scheme in town.
The founders are accused of promoting Ponzi schemes that have made away with a massive amount of clients’ funds. They allegedly shift from one shady venture to the next. Whenever they do, so there is no possibility of recovering. They are lying about their location to gain the trust of investors.
If only traders would normalize the act of performing thorough research before venturing with any system, then such a Ponzi scheme would not survive in the market. They will have no one to steal from, and that would be the most important news of all time.
The negative feedback of BizzTrade seems to be multiple. The possibility of the firm paying people to endorse them can also be high. We did not find any proof of payment. The only thing that we cannot miss from the positive testimonials is their promotional code.
BizzTrade is a notorious venture that is being run by shady founders who are connected to Ponzi schemes. Why would any investors trust a company that lacks products and services apart from the affiliate? There is better Forex trading software in the market that you can utilize instead of wasting time in a losing entity.
The company has a terrible reputation in the market. Additionally, the traffic they are getting ain’t much. The founders are questionable characters, and they are not regulated. We also do not believe that the shady venture is based in the UK.
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