Is BizzTrade a Scam? A 400% Daily ROI Ponzi Scheme Exposed!
Welcome to my BizzTrade review!
This MLM company promises online trading education and services in an effort to hide its nefarious schemes. But a little investigation here and there led us to its old iteration, which was a Ponzi scheme.
And now it’s taken on a new form called BizzTrade.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with BizzTrade in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this program is about...
BizzTrade Review Summary
Product Name: BizzTrade
Founder: Gupreet Dhaliwal, Rehan and Rizhar Gohar
Product Type: Cryptocurrency MLM Ponzi
Price: €10 EUR monthly membership and minimum investment of €50 and a maximum of €10,000 EUR investment
Best For: NO ONE!
Summary: BizzTrade is a cryptocurrency MLM scheme that markets a passive income opportunity. There is nothing more here than a big Ponzi scheme. The recruitment incentives are the biggest red flags here.
What is BizzTrade?
BizzTrade is a MLM or multi-level marketing company that offers online training services to people who want to become experts in Forex trading. However, we found out that this is nothing more than just a front to make itself look legitimate.
The company was formerly known as BizzTrek and was founded by Gupreet Dhaliwal, Rehan and Rizhan Gohar. BizzTrek and BizzTrade are both UK-based companies. BizzTrek started out sometime in 2019, but due to the lack of profits, the company collapsed.
It then relaunched as BizzTrade. As of May 2020, they pivoted to cryptocurrency fraud.
BizzTrade Product Line
BizzTrade has no retail products or services to offer. You’re paying for the investment opportunities via their membership.
This membership also includes access to their “forex education” course.
Here’s what the course has to offer:
BizzEd - Forex Mastery course tailored for entrepreneurs. These are interactive courses offered in various difficulties for beginners and up to expert level traders.
BizzLive - A course that helps you understand the market via live sessions.
BizzTube - A video library that allows you to watch videos on demand. There is no information as to what the lessons are in this module.
BizzCareer - A course that teaches fresh graduates and expert businessmen how to become master traders. It also provides extensive support to members, daily webinars, and other resources.
Both BizzTube and BizzCareer are both coming soon, and it’s unclear as to when these will be released.
I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!
Does The Product Work?
Right then and there, their educational courses are not the main selling point of the company. It’s actually nothing more than a bonus after joining the investment opportunity.
We don’t know who is teaching the courses or how good these courses are, but we reckon these are generic information that you could easily Google for free.
Their income opportunity promises a 400% ROI passive investment, and that constitutes securities offering. They also claim that their revenues are generated via Forex trading.
BizzTrade has an FCA registration number, which leads us to Infinox Capital Limited. But this has nothing to do with BizzTrade’s passive income opportunity.
Neither BizzTrade nor BizzTrek are registered to offer securities in the UK or anywhere. That means that they’re committing securities fraud and are operating illegally.
They are not paying their members with trading revenue, but new investments coming in from new members. On top of that they have these virtual shares that are absolutely worthless.
Like most Ponzi schemes, once the recruitment stops, the income stops too. This will eventually lead to the company’s collapse.
How To Make Money with BizzTrade?
BizzTrade’s only option to make money here is through recruitment. Don’t be fooled into thinking you’re getting retail sales
How To Get Started with BizzTrade?
BizzTrade membership cost is €10 EUR, but this doesn’t get you into the income opportunity. You have to have a minimum investment of €50 and a maximum of €10,000 EUR investment.
The higher your investment is, the more income you make (supposedly).
BizzTrade Compensation Plan
BizzTrade’s compensation plan revolves around recruitment and the daily ROI. We won’t get into the specifics and instead, just provide you with an overview.
BizzTrade members may invest €50 to €10,000 EUR on the promise of advertised returns.
Starter – invest €50 EUR and receive up to 0.4% a day
Pro Starter – invest €100 EUR and receive up to 0.4% a day
Business – invest €500 EUR and receive up to 0.6% a day
Pro Business – invest €1000 EUR and receive up to 0.6% a day
Trader – invest €5000 EUR and receive up to 0.8% a day
Pro Trader – invest €10,000 EUR and receive up to 0.8% a day
Returns are paid up to 400%. Reinvestment is required if you still want to continue earning.
You get up to 9% in commissions, depending on the investment package mentioned above, from the sales volume from the smaller leg of your team. You need to recruit at least 2 people to qualify for the bonus.
You get a 2% commission from the Team Bonus up to the 5th generation. You have to invest in Trader or Bizz Trader (the third and fourth most expensive packages) to qualify.
When a team members reinvests or renews their package, you receive a direct bonus from that purchase.
BizzTrade Ugly Truths Revealed!
#1 Controversial Owners’ Backgrounds
The founders of BizzTrade were working with BizzTrek, which is the same as BizzTrade. They offer the Forex mastery classes and run the same pyramid scheme in 2019.
The company only lasted for a few months before failing.
Instead of calling it quits, they relaunched inton BizzTrade and entered the cryptocurrency game (this was in May 2020).
They made their own token called BIZZ, which is supposed to a value of $2, but is absolutely worthless in the market. BizzTrade is the one who controls the supply and demand of the tokens, and can make them at any given time.
#2 No Retail Products!
The courses they offer are not their main selling point. It looks like nothing more than a bonus for investing into the progrma. This is a huge red flag in the eyes of the FTC or any governing body that regulates MLM companies.
This means that BizzTrade is nothing more than another Ponzi scheme.
#3 TrustPilot Complaints
Their TrustPilot profile is filled with complaints. Their rating is horrendous and people are leaving similar feedback such as this one:
It’s no surprise really given that this program has no intention whatsoever of returning your investment.
What I Like About BizzTrade?
There’s just nothing to like about BizzTrade. The company’s one big Ponzi scheme.
Is BizzTrade a Scam?
We believe that there’s nothing legitimate going on around here with BizzTrade. It’s’ obviously a Ponzi scheme and their compensation plan is the walking proof of it.
To make your money back, you have to recruit people into the program. But even then there’s no guarantee that you’re getting paid.
The owners ran an older Ponzi scheme and relaunched it into BizzTrade.
This program is 100% complete BS. Stay away from it.
How I Make a Living Online?
I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.
The reason is simple...
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In fact, with affiliate marketing...