ForexG Review: 20% a month AI trading Ponzi scheme
ForexG provides no information on its website about who owns or runs the company.
ForexG’s website domain (“forexg.com”) was first registered in 2004.
The domain registration was last updated on June 6th, 2020. The current owner is listed as Michael DM, through a fake address in NSW, Australia.
Michael DM doesn’t appear to exist outside of ForexG’s domain registration. Given this and the bogus address, it’s assumed Micael DM doesn’t actually exist.
Through the Wayback Machine I was able to verify that ForexG’s current website went live on or around July 2020.
Prior to that the domain was parked on a diagnostic screen. This strongly suggests the domain was sold to ForexG’s owners in June 2020, the time of the registration update.
Despite only coming into existence a few months ago, ForexG falsely claims it “was established in 2004”.
As far as I can tell this claim is solely based on the initial domain registration, which we’ve addressed above.
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.
ForexG has no retailable products or services, with affiliates only able to market ForexG affiliate membership itself.
ForexG’s Compensation Plan
ForexG affiliates invest funds on the promise of advertised returns.
- invest $1000 and receive 6% to 20% a month
- invest $3000 and receive 6% to 20% a month
- invest $5000 and receive 8% to 20% a month
- invest $10,000 and receive 8% to 20% a month
- invest $30,000 and receive 10% to 20% a month
- invest $50,000 and receive 10% to 20% a month
- invest $100,000 and receive 10% to 20% a month
There doesn’t appear to be any term limit to ForexG investment.
ForexG Affiliate Ranks
There are six affiliate ranks within ForexG’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Traders – invest $1000 and recruit two affiliate investors
- IB – invest $3000, recruit four affiliate investors and generate $10,000 in accumulated personally recruited affiliate investment volume
- MIB – invest $5000, recruit six affiliates (three must be IB or higher) and generate $20,000 in accumulated personally recruited affiliate investment volume
- PIB – invest $10,000, recruit eight affiliates (three must be MIB or higher), generate $40,000 in accumulated personally recruited affiliate investment volume and $300,000 in accumulated downline investment volume
- DIB – invest $30,000, recruit ten affiliates (three must be PIB or higher), generate $60,000 in accumulated personally recruited affiliate investment volume and $1,500,000 in accumulated downline investment volume
- SIB – invest $100,000, recruit twenty affiliates (three must be DIB or higher), generate $100,000 in accumulated personally recruited affiliate investment volume and $8,000,000 in accumulated downline investment volume
ForexG affiliates earn a percentage of funds invested by personally recruited affiliates.
- IBs earn a 2% referral commission
- MIBs earn a 3% referral commission
- PIBs earn a 5% referral commission
- DIBs earn a 6% referral commission
- SIBs earn a 7% referral commission
MIB and higher ranked ForexG affiliates receive a percentage of returns paid to personally recruited affiliates.
- MIBs receive a 5% match
- PIBs receive a 6% match
- DIBs receive a 7% match
- SIBs receive an 8% match
I’m not 100% on what the Leadership Bonus is paid out on, but it’s a coded bonus paid to PIB and higher ranked affiliates.
- PIBs earn a 5% Leadership Bonus
- DIBs earn a 7% Leadership Bonus
- SIBs earn a 10% Leadership Bonus
If I had to guess these percentages apply to either initial investment or paid out returns.
The coded nature of the bonus means up to 10% is paid. Lower ranked affiliates collect their payment (0% if ranked less than PIB, or 5% or 7% for PIB and DIB affiliates), with the difference passed up to the first upline SIB.
ForexG affiliate membership appears to be free.
Full participation in the attached income opportunity however requires a $1000 to $100,000 initial investment.
ForexG claims to generate external ROI revenue through trading.
We are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, commodities, and crypto currencies.
Supposedly ForexG trades using AI bots.
With the use of our AI, we create what we call democratic investing.
Democratic investing… whatever that means.
Naturally ForexG don’t provide any evidence of trading activity. Nor is there evidence of external revenue of any kind being used to pay returns.
What you have is an MLM company run by persons unknown offering returns of up to 20% a month.
For what should be obvious reasons, ForexG’s business model fails the Ponzi logic test.
If ForexG’s anonymous owner really had an AI bot capable of generating up to 20% a month, what do they need your money for?
Even a modest capital compounded at 20% a month would soon turn into a fortune.
As it stands the only verifiable source of revenue entering ForexG is new investment.
Using new investment to pay affiliates monthly returns of up to 20% makes ForexG a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve ForexG of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.