ForexG Review  –  Ponzi Scheme  – MLM Scam

Website & Company Information

The web domain of the company was registered on the 24th Of April 2004 and was later updated recently on 2020–06–06. The current owner is listed as Michael DM, through a fake address in NSW, Australia.

The website provides no information about who owns or runs the company and Michael DM doesn’t appear to exist outside of ForexG’s domain registration. This suggests that the character does not really exist. 

Wayback Machine also revealed that the website went live on or around July 2020. However, the company claims of operating since 2004, which is an outright lie!

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

ForexG’s Products

The company has no retailable products or services, with affiliates only able to market ForexG affiliate membership itself.

ForexG’s Compensation Plan

The affiliates of the company invest funds on the promise of advertised returns:

  • invest $1000 and get 6% to 20% a month
  • invest $3000 and get 6% to 20% a month
  • invest $5000 and get 8% to 20% a month
  • invest $10,000 and get 8% to 20% a month
  • invest $30,000 and get 10% to 20% a month
  • invest $50,000 and get 10% to 20% a month
  • invest $100,000 and get 10% to 20% a month

ForexG Affiliate Ranks

ForexG’s compensation plan has a total of six affiliate ranks. 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

Referral Commissions

Affiliates of the company earn a percentage of funds invested by direct recruits.

  • 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

ROI Match

Higher ranks such as MIB and above receive a percentage of returns paid to direct recruits.

  • MIBs get a 5% match
  • PIBs get a 6% match
  • DIBs get a 7% match
  • SIBs get an 8% match

Leadership Bonus

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

Joining ForexG

Joining ForexG affiliate membership appears to be free. However, full participation in the attached income opportunity requires a minimum investment of $1000 and it goes as high as $100,000. 

Conclusion

The company proudly claims of generating external revenue through trading and uses AI bots for trades. However, they do not provide any evidence that could help them support their claims. Nor is there evidence of external revenue of any kind being used to pay returns.

What is left here is the MLM side of the company that promises to pay up to 20% a month. Due to these huge promises, the company fails the Ponzi Logic Test. If the owners are able to make 20% a month, then why do they need your money?

The only valid source of revenue entering into ForexG is new investment. And using new investment to pay affiliates monthly returns of up to 20% makes ForexG a Ponzi scheme.