BFO Exchange fails to provide ownership or executive information on its website.

BFO Exchange’s website domain (“bfo188.com”), was registered with bogus details on December 24th, 2023.

In an attempt to appear legitimate, BFO Exchange provides a Colorado shell company certificate for BFO Exchange LLC:

Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.

BFO Exchange has already attracted the attention of financial regulators. The Philippine SEC issued a BFO Exchange securities fraud warning on June 13th, 2024.

If we look at the source-code of BFO Exchange’s website we can see localization is set to Chinese:

This suggests whoever is running BFO Exchange has ties to China.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

BFO Exchange’s Products

BFO Exchange has no retailable products or services.

BFO Exchange affiliates are only able to market BFO Exchange affiliate membership itself.

BFO Exchange’s Compensation Plan

BFO Exchange affiliates invest 1000 Philippine pesos (PHP) or more, or the tether (USDT) equivalent.

This is done on the promise of an advertised daily 4% ROI.

BFO Exchange affiliates can increase the daily ROI rate by recruiting affiliate investors:

  • recruit three affiliate investors and receive 4.5% a day
  • recruit ten affiliate investors and receive 5.5% a day
  • recruit thirty affiliate investors and receive 6% a day
  • recruit one hundred affiliate investors and receive 7% a day
  • recruit five hundred affiliate investors and receive 8% a day

The MLM side of BFO Exchange pays on the recruitment of affiliate investors.

Broker Salary

The Broker Salary is a daily commission directly tied to recruitment of BFO Exchange affiliates down three levels of recruitment (unilevel):

  • VIP1 – personally recruit 5 affiliates, have a downline of at least 25 affiliates across three levels of recruitment and receive 500 PHP a day
  • VIP2 – personally recruit 10 affiliates, have a downline of at least 50 affiliates across three levels of recruitment and receive 1000 PHP a day
  • VIP3 – personally recruit 30 affiliates, have a downline of at least 200 affiliates across three levels of recruitment and receive 2500 PHP a day
  • VIP4 – personally recruit 50 affiliates, have a downline of at least 500 affiliates across three levels of recruitment and receive 5000 PHP a day
  • VIP5 – personally recruit 80 affiliates, have a downline of at least 2000 affiliates across three levels of recruitment and receive 10,000 PHP a day
  • VIP6 – personally recruit 200 affiliates, have a downline of at least 5000 affiliates across three levels of recruitment and receive 30,000 PHP a day
  • VIP7 – personally recruit 500 affiliates, have a downline of at least 10,000 affiliates across three levels of recruitment and receive 80,000 PHP a day
  • VIP8 – personally recruit 1000 affiliates, have a downline of at least 20,000 affiliates across three levels of recruitment and receive 150,000 PHP a day

Joining BFO Exchange

BFO Exchange affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 1000 PHP investment.

BFO Exchange solicits investment in Philippine pesos and the cryptocurrency tether (USDT).

BFO Exchange Conclusion

BFO Exchange is yet another “click a button” app Ponzi scheme.

BFO Exchange’s “click a button” Ponzi ruse is trading.

The presented ruse is BFO Exchange affiliates log in and click a button (the more invested the more the button needs to be clicked).

Clicking the required number of buttons each day purportedly is tied to trading. BFO Exchange represents it shares a percentage of generated trading profit with affiliate investors.

If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t magically generate trading revenue.

In reality clicking a button inside BFO Exchange does nothing. All BFO Exchange does is recycle newly invested funds to pay earlier investors.

BFO Exchange is part of a group of “click a button” app Ponzis that have emerged since late 2021.

Examples of already collapsed “click a button” app Ponzis using the same trading ruse include Gxness, TRC Trade and Suntons.

Since 2021 Behind has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.

“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).

The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.