Hour Grows Review: 52,000% annual ROI through forex trading?
Hour Grows provide no information on their website about who owns or runs the business.
The Hour Grows website domain (“hourgrows.com”) was privately registered on January 12th, 2018.
On their website Hour Grows claims to be incorporated in the UK;
In 2016 we were incorporated in London under the name Hour Grows LTD.
A search of the UK Companies House database however reveals no such incorporation exists.
Based on this, the London corporate address is provided on the Hour Grows website is assumed to have nothing to do with the company.
At the time of publication Alexa estimate that 75% of traffic to the Hour Grows website originates out of Spain.
This strongly suggests that whoever is actually running Hour Grows is also based out of Spain.
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.
Hour Grows Products
Hour Grows has no retailable products or services, with affiliates only able to market Hour Grows affiliate membership itself.
The Hour Grows Compensation Plan
Hour Grows affiliates invest $1 or more on the promise of advertised returns of up to 1000% after seven days.
Hour Grows pay 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.
Hour Grows cap payable unilevel levels at four, with referral commissions paid out as a percentage of funds invested across these five levels.
Level 1 commission rates, paid on funds invested by personally recruited affiliates, are determined by how much an Hour Grows affiliate has invested.
- invest $1 to $30 and receive 2.5%
- invest $31 to $50 and receive 3%
- invest $51 to $300 and receive 5%
- invest $301 to $500 and receive 7.5%
- invest $501 or more and receive 10%
Referral commission rates across the remaining four unilevel team levels offered are fixed as follows:
- level 2 – 1%
- levels 3 and 4 – 0.5%
Joining Hour Grows
Hour Grows affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Hour Grows compensation plan requires a minimum $1 investment.
Hour Grows claim to generate external ROI revenue via “automated trading” of “currency trading on Forex market”.
The company provides no evidence of forex trading taking place or any other source of external ROI revenue.
Furthermore Hour Grows’ claims fail the Ponzi logic test.
If Hour Grows’ anonymous owners were able to legitimately generate a consistent 1000% ROI every 7 days (that’s a 52,000% annual return, without compounding), why would they be soliciting investment from randoms over the internet?
The reality of Hour Grows’ business model is that newly invested funds are the sole verifiable source of revenue entering the company.
Using newly invested funds to pay existing investors returns makes Hour Grows a Ponzi scheme.
Like all MLM Ponzi schemes, once affiliate recruitment dries up so too will invested funds.
This will starve Hour Pays of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
Why is BehindMLM even reviewing HYIP’s?? There are probably 15 if not 25 new HYIPS per day that come into play and all of them have more then a 1 level referral plan which is what I believe is cause for BMLM to do a review…
Just a question and hopefully a better answer.
This particular review is about a BLATANT HYIP that offers a ridiculous return, that is not even legally registered, that maybe spent 25 U.S.D on their website, and that is about it….
MLM compensation plan = MLM company.
BehindMLM reviews MLM companies. What’s not to get?
Thank you for all of your reviews. I strongly believe that you have saved a lot of people time and money. I have yet to find one that is positive/gives your approval on your site.
Could you please email me a link to a positive review have written? Thanks again!
I’m not here to point out “positive” reviews to you. Your due-diligence is up to you.
If you accept that MLMing is a negative act that you “do”, kind of like steal “ing” instead of a thing or company; then why would there be any positives?!
MLMing isn’t a company, it’s an action. It has a 99% failure rate where only the top lying cheating scumbags can truly profit by committing the act. That qualifies it as a negative. This has been proven over and over again due to the inherent flaws of MLMing.
You will find that “successful” MLMers have big teams jumping from one company to another. That’s the very definition of pyramid schemers.
It’s like you are asking him to provide a positive review about stealing, killing, crashing, MLMing etc.. (all negative acts) That’s nearly impossible.
Oz, I didn’t ask why you were here. I think it’s very clear why you are here. But thank you for pointing out what is and isn’t up to me. In fact, this IS part of my due diligence.
It was a very simple question, but let me rephrase it for you, “Could you point out a review that sites an MLM or network marketing platform that you do not label a Pyramid, ponzi, or scam? I literally would like to know if, by your standards, one exists and would like to read that review.”
I don’t have “standards”. Either an MLM company is a Ponzi and/or pyramid or it isn’t.
If you’re finding companies you’re looking up are classified as Ponzis and/or pyramid schemes, stop being attracted to Ponzis and/or pyramid schemes.
I do not make personal MLM company recommendations. Anything further will be marked as offtopic.
I’ll try again. Which MLM’s have you reviewed that aren’t a ponzie/pyramid? A link to that review would be appreciated!
All the ones that aren’t Ponzi or pyramid schemes.
As I’ve stated, I don’t provide personal MLM company recommendations, so you’re not getting any links.
Also as previously stated, your due-diligence is up to you. I’m not here to hold your hand.
Oh my god! Why is this so difficult? I WANTED (Ozedit: See above. Offtopic derail attempts removed.)
Nabster, just use the search function on the website instead of snapping your fingers and expecting Oz to do it all for you.
Oz does give the occasional positive review of an MLM company but as far as I’m concerned effectively 100% of participants in MLM schemes lose money.