FX Success Review: 7% weekly ROI forex Ponzi scheme
FX Success provides no information on its website about who owns or runs the business.
The company does identify “Bryan Barnes” as a “founding trader”. Barnes however doesn’t appear to exist outside of FX Success’ website.
A marketing video on FX Success’ website appears to contain a Fiverr actor (or an actor from a similar service).
FX Success’ website domain (“fxsuccess.co”) was first registered in 2018. The private registration was last updated on August 7th, 2019.
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.
FX Success’ Products
FX Success has no retailable products or services, with affiliates only able to market FX Success affiliate membership itself.
FX Success’ Compensation Plan
FX Success affiliates invest $1000 or more on the promise of a perpetual 7% weekly ROI.
Referral commissions on invested funds are paid down two levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 3% on level 2
Joining FX Success
FX Success affiliate membership is tied to a minimum $1000 investment.
FX Success represents it generates external revenue via forex trading.
The trader Bryan Barnes who runs the fund creates profits buying and selling currencies on the foreign exchange market.
He usually manages to make 8-10% per week and keeps anything over 7% for himself.
Putting aside it being likely Bryan Barnes doesn’t exist, FX Success provides no evidence of trading activity taking place.
Nor is there any evidence of trading or any other source of external revenue being used to pay weekly returns.
As it stands the only verifiable source of revenue entering FX Success is new investment.
Using new investment to pay existing affiliates a 7% weekly ROI makes FX Success a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve FX Success of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.