ForexG Review: ForexG.com A Long-Running Fraudulent Trading Platform

ForexG is claiming to be a global trading platform that deals in a variety of currencies and international stocks. The domain of this company, ForexG.com, makes it quite clear that the platform is targeting various different industries like Forex trading and crypto trading.

Therefore, it is important to review different aspects of this company to determine whether you should invest in it. Keep reading to get all of the information about thiks platform.

What is ForexG?

ForexG is claiming to have an extensive network of more than 1,000,000 traders. However, there is no proof that the company has been to gather such a large number of traders in a short amount of time.

Even though ForexG.com was first registered in 2004, it was not until June 2020 that this particular website started functioning and offering trading services. It simply means that the company is lying about its origins and history.

Moreover, the website never provides the name of the owner or the team behind this venture, which makes the entire business look quite suspicious. It is also important to note that the domain ForexG.com is registered under the name of Michael DM and a fake address in Australia.

Further research shows that there is no history of Michael DM available on the internet. It shows that there is a very high chance that both the name and address used in domain registration are fake. The company is claiming to be a long-running platform at several locations. However, such claims are completely false as it started in 2020 and not 2004.

Features of ForexG

ForexG.com lists numerous features of the company that make it different from other Forex trading platforms. However, there are some serious discrepancies in these features. Following are the key features of ForexG discussed on its website:

Education

The company is promising maximum support throughout users the maximum support throughout the process of different types of trading. It includes offering training courses, personal managers, product walkthroughs, and other important tools that can be useful in smart trading.

However, the company is only promoting such benefits on its website and not providing any concrete proof of these features. It is likely that ForexG.com is only mentioning these features to attract users and make them invest in the company. There is no further information available about such educational material which makes.

It is also important to make it clear that if you want to earn any kind of profits from the company, you have to invest at least $1000. ForexG.com is even encouraging you to make a greater investment of $100,000 to earn maximum profits. However, there is no proof that you will be able to recover such kind of huge amount from this company. 

Therefore, it is much better if you avoid investing in this platform. Instead, you can use genuine and trustable Forex trading robots that have flexible trading options. Moreover, such bots are useful for beginners and experienced traders, so anyone can rely on them to get maximum profits from Forex trading. 

Support

According to ForexG.com, the company is a firm believer in the fact that everyone should be able to avail trading opportunities. In order to achieve this goal, ForexG promises 24/7 support to the clients, along with extensive educational resources. However, the website does not have any clear method of contacting the customer support system, which shows that the company does not have any real interest in answering the users' questions and support them.

Modern Tools Used in ForexG

Since trading is a continuously evolving industry, it is important for the trading platforms to rely on modern tools and technologies to get the best results. ForexG is claiming to have a client-centric business model that is capable of exceeding the expectations of the users.

Such modern tools include smartphone applications, websites, and Forex trading bots. However, there is no proof that the company is using state-of-the-art technology for its functioning. In fact, ForexG does not have any app on the Google Play Store or iOS App Store. Thus, the claims of being a highly modern and sophisticated company are untrue.

Role of AI

ForexG.com claims that AI tools are playing a critical role in the company. Numerous analysis tools, trading strategies, and Forex and crypto trading tools are claimed to be included in the Signals package offered by the company. However, you should remember that the business model of this platform indicates that the company is only using the name of such modern tools and sophisticated terms to attract users. It is actually not using any of such tools and technologies. 

Income Structure of ForexG

Even though ForexG is claiming to be a trading platform, the income structure of the company shows that the company is mainly relying on investment and affiliate bonuses. Following is the general breakdown of the income structure:

• Invest $1000 and earn 6% to 20% over 30 days.
• Invest $3000 and earn 6% to 20% over 30 days.
• Spend $5000 and earn 8% to 20% over 30 days.
• Spend $10,000 and earn 8% to 20% over 30 days.
• Invest $30,000 and earn 10% to 20% over 30 days.
• Invest $50,000 and earn 10% to 20% over 30 days.
• Spend $100,000 and earn 10% to 20% over 30 days.

You can even invest more amount in the company as the website has not specified any limit on the highest amount of investment. It shows that the company is trying to attract various kinds of customers and affiliates who will invest a massive amount of money. However, there is no proof that you will be able to generate these funds from this platform. 

Affiliate Ranks

ForexG is providing a variety of bonuses and retail and residual commissions on the basis of the following affiliate ranks:

• Traders Rank, for which you have to spend $1000 and hire at least two affiliates.
• IB Rank, for which you have to spend $3000 and hire at least four affiliates.
• MIB Rank, for which you have to spend $5000 and hire at least six affiliates.
• PIB Rank, for which you have to spend $10,000 and hire at least eight affiliates.
• DIB Rank, for which you have to spend $30,000 and hire at least ten affiliates.
• SIB Rank, for which you have to spend $100,000 and hire at least twenty affiliates.

Should You Invest in ForexG?

ForexG is not a suitable platform for investment due to a number of different reasons. First of all, the company is misleading the users by stating that it generates revenue through trading in different currencies and commodities. However, the business model of the company makes it evident that the company is mainly relying on investment from the affiliates and not any modern AI trading bots. 

A complete look at the history of ForexG.com shows that this platform has nothing to do with any major trading activity. In fact, the affiliate memberships have been a major part of the marketing activities as well. Even though the company is promising 20% ROI per month, the overall income structure is quite disappointing as it similar to any other Ponzi scheme. 

ForexG is asking for a very large amount of money for the initial investment. There is a very high chance that the company will collapse before you are able to generate any profits or even recover the original payment. Therefore, instead of losing money in this venture, you should think about using modern Forex trading robots that provide reliable, legal, and efficient trading services to help you make a good amount of money from Forex trading.