Looking for a FX Prog Review? You’re in the right place. Today we are looking at FX Prog Review and we are going to share our full review. If you’re wondering whether it’s a scam or a legit company keep reading as we will reveal everything. Also we are not an affiliates for this company so you can expect and honest review and not just another sales pitch like other reviews do!
FX Prog Review
No information is provided by FX Prog on their website regarding who owns or runs the business.
fxprog.com, the website domain of FX Prog was privately registered on 19th October 2017.
They have provided a UK incorporate certificate for “FX Prog Limited” that corresponds to a October 23rd incorporation.
FX Prog sole Director is listed as Adam Paul with an address in London.
Whether Adam Paul, as represented by FX Prog, actually exists is debatable as the name is generic enough.
If an MLM company does not reveal who runs or owns the business, think twice before investing any money or joining it.
Products Offered by FX Prog
FX Prog does not offer retailable products or services. The affiliates only able to market FX Prog affiliate membership itself.
The Compensation Plan
FX Prog affiliates invest funds to receive an advertised daily ROI.
- Invest $10 to $50,000 to get a 10% daily ROI for 15 days (150%)
- Invest $500 to $50,000 to get a 12.5% daily ROI for 10 days (125%)
- Invest $1000 to $50,000 to get a 22% daily ROI for 5 days (110%)
FX Prog Referral commissions are given out on funds invested by enlisted affiliates. It is paid out down 3 levels of recruitment (unilevel):
- level 1 (personally enlisted affiliates) – 7%
- level 2 : 2%
- level 3: 1%
FX Prog Membership
It is free to join FX Prog affiliate membership. However, affiliates are required to invest at least $10 to take part in the attached income opportunity.
The trick at the rear of FX Prog’s daily ROIs is trading by a “professional forex & stocks management team”.
Ridiculously FX Prog asserts to have many years of experience and a good reputation and popularity despite only being integrated last month.
Obviously, no evidence of trading of any kind is given in FX Prog.
Moreover FX Prog’s business model fails the Ponzi logic test.
If the admin(s) who run FX Prog were able to legitimately produce a daily ROI of up to 22% (over 8000% yearly without compounding), they won’t be soliciting investment from random people over the internet.
In FX Prog, new affiliate investment is the only verifiable source of revenue entering the company.
Using newly invested affiliate funds to pay existing investors makes FX Prog a Ponzi scheme.
Like all Ponzi schemes, when affiliate recruitment slumps so too will newly invested funds.
FX Prog’s ROI revenue will starve, ultimately causing a collapse.
The arithmetic behind a Ponzi scheme points that when it collapses, most of the investors will lose money.
Aaron and Shara What Do You Suggest?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
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If you don’t want to be in a business that requires you to host home parties or call all your friends and recruit your family to buy your stuff no worries.
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