BMcontract Review: AI trading ruse Ponzi scheme
Despite claiming it “believes in complete transparency”, BMcontract fails to provide ownership or executive information on its website.
BMcontract’s website domain (“bmcontract.io”), was privately registered on August 15th, 2023.
Despite only existing for about a week, BMcontract claims it
has a track record of providing an exceptional 99% success rate through its AI-driven trading strategies.
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.
BMcontract has no retailable products or services.
Affiliates are only able to market BMcontract affiliate membership itself.
BMcontract’s Compensation Plan
BMcontract affiliates invest funds on the promise of advertised returns:
- BMcontract Lite – invest $500 to $4999 and receive 3% a day for 20 weekdays
- BMcontract Pro – invest $5000 to $9999 and receive 4% a day for 20 weekdays
- BMcontract Gold – invest $10,000 to $100,000 and receive 5% a day for 20 weekdays
BMcontract pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Bmcontract caps payable unilevel team levels at four.
Referral commissions are paid as a percentage of funds invested across these four levels as follows:
- level 1 (personally recruited affiliates) – 7%
- level 2 – 5%
- level 3 – 3%
- level 4 – 1%
BMcontract affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $500 investment.
BMcontract offers up typical AI trading bot ruse:
Our state-of-the-art platform integrates advanced AI technologies with the expertise of seasoned trading professionals to
offer you a competitive edge in the global currency markets.
This ruse fails the Ponzi logic test. If BMcontract has an AI trading bot already capable of legitimately generating 5% a day on a consistent basis, what do they need your money for?
The answer lies in there not being a trading bot. BMcontract is running a simple Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BMcontract of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.