GTI-Net Review: Recruitment & unregistered forex investment
There is no information on the GTI-Net website indicating who owns or runs the business.
The GTI-Net website domain (“gti-net.com”) was registered on the 15th of December 2014, with “Jhony Depresseux” of “GTI NET Limited” listed as the owner. A PO Box address in Dubai is also provided.
On his LinkedIn and Facebook profiles, Depresseux (right) lists his current location as Liège, Belgium. Why the GTI-Net domain registration lists a PO Box in Dubai is unclear.
Depresseux’s LinkdIn profile credits him with being a Herbalife affiliate circa 1989 to 1990. There’s then a decade gap until 2000, wherein Depresseux was appointed CEO of LibertyTelecom (a non-MLM telecommunications company in Belgium).
In November 2014 Depresseux signed up as an affiliate with MPT Max.
Using a matrix-based compensation plan, MPT Max saw affiliates pay €60 EUR and get paid when they recruited others who did the same.
In comments left on our MPT Max review, Depresseux attempted to justify the scheme by asserting “you do not pay if you recruit people”.
A GTI-Net business presentation also lists Sven Lefeber as a founder. Lefeber also appears to be operating out of Belgium.
Read on for a full review of the GTI-Net MLM business opportunity.
The GTI-Net Product Line
GTI-Net has no retailable products or services, with affiliates only able to market GTI-Net affiliate membership itself.
The GTI-Net Compensation Plan
The GTI-Net compensation plan sees affiliates invest a minimum €500 EUR, with commissions paid out via a 4×4 matrix.
A 4×4 matrix places an affiliate at the top of a matrix, with four positions directly under them:
These initial four positions make up the first level of the matrix, with the second level generated by splitting each of the first four positions into another four positions each.
The third and fourth levels of the matrix are generated in the same manner, with a complete 4×4 matrix housing 340 positions.
GTI-Net claim to receive Forex commissions on funds invested:
GTI receives €0.30 brokerage commission per trade per account PriorFX. Every month at least 200 trades are added.
They claim this generates a minimum €60 EUR per position, which they then pay out through the matrix as follows:
- level 1 – 4% (€2.40 EUR per position)
- level 2 – 8% (€4.80 EUR per position)
- level 3 – 16% (€9.60 EUR per position)
- level 4 – 32% (€19.2 EUR per position)
There are also deposited fund milestone bonuses and a”world bonus” mentioned, however GTI-Net fail to go into any specific details.
Affiliate membership with GTI-Net is tied to a minimum €500 EUR investment.
After two months all GTI-Net affiliates must also pay an ongoing €15 EUR monthly fee.
As per the GTI-Net website;
At GTI-Net you can get started with only €500.
For your money you will achieve a yield which you most probably will never achieve by yourself.
Undoubtedly GTI-Net are making an investment offering through their opportunity, even if it’s through a third-party.
The third-party in question appears to be PriorFX, with the GTI-Net website stating:
Wherever you are in the world, if the broker PriorFX is available in your country of residence, you can join the GTI-Net team.
Perusal of the PriorFX website reveals it is ‘regulated and licensed by the Cyprus Securities and Exchange Commission‘.
Cyprus isn’t really known for regulation being their strong-point, so take PriorFX’s purported registration there with a grain of salt.
In any event GTI-Net themselves don’t appear to have registered themselves, with the commissions offered through the business opportunity thus constituting an unregistered securities offering.
Affiliates deposit a minimum €500 EUR to participate in the opportunity, with commissions paid when they recruit others who do the same.
Anything that happens external to that is irrelevant, as that’s GTI-Net’s only MLM component.
Of note is that Jhony Depresseux’s previous gig, MPT Max, offered up the same 4×4 matrix compensation plan – including identical percentage payouts on €60 EUR a month.
For whatever reason (my money is on a MPT Max’s decline), Depresseux has cloned MPT Max’s business opportunity. Rather than charge affiliates €60 a month though, now the ruse is consistent forex returns.
This falls apart upon consideration that GTI-Net (through PriorFX or otherwise), are going to make bad trades. Yet here we have the company promising affiliates guaranteed monthly matrix commissions.
That disconnect leaves a huge question mark over exactly what money GTI-Net are paying affiliates with.
At best you’re looking at a Ponzi scheme that, through loopholes and a whole lot of *wink wink, nudge nudge* is just recycling newly invested funds to pay off existing investors.
Your money will never pass through our bank accounts. It is transferred directly into the broker’s account.
It is impossible for us to touch your money. Our traders will never be in touch with you.
At worse you’re looking at a house of cards, operating in a virtually unregulated environment, with a few bad trades all that’s needed to trigger a collapse.
Either way, GTI-Net themselves don’t appear to be registered or regulated in any market. As far as MLM opportunities go, that’s a red flag that shouldn’t be taken lightly.