Does FX Trading Corp Scams People?

If you came here hoping to find out if FX Trading Corp is scamming people, then this is for you.

As I was writing this FX Trading Corp review, I found out that FX Trading Corporation (fxtradingcorp.com) is now called FT CorpEx (ftcorpex.com). 

FX Trading Corp Scam New Platform

If you have an account with FX Trading Corp, you might still be able to log in thru this link.

However, you will not be able to signup as a new member. If you want to have anything to do with this company, you will have to make an account with FT CorpEx.

As to why the people behind FX Trading Corp migrated its platform to a new site, I think I know the answer, and I will discuss it here.

Review Summary

Name: FX Trading Corp

Owners (Unverified): Philip Han, Young Min Oh, Joon Park, and Yang Jae Seok

Price: $100 - $50,000

FX Trading Corp Review Bare Naked Scam

FX Trading Corp Business Opportunity Rating:

FX Trading Corp Product Rating:

FOR ONLINE OPPORTUNITY SEEKERS

Some time ago, there are FX Trading Corp affiliates who warned others that FX Trading is a scam.

FX Trading Corp Complaints

I guess this wasn't enough to stop other people into joining the company.

I mean, when a company promises you a 400% ROI, it is hard to say no. But before we get into the hairy details...

Let's take a closer look at the FX Trading Corp and why many people invested their hard-earned money with this shady company.

What is FX Trading Corp

In the simplest terms, FX Trading Corp (aka FX Trading Corporation) presents itself as a multi-level marketing company that offers automated online trading services in Forex and cryptocurrencies.

The company claims to have a sophisticated and one-of-a-kind trading bot that will help you grow any amount that you invest.

The company's website was "fxtradingcorp.com", but now, it seems that the owners are promoting a new platform called FT CorpEx.

FX Trading Corp Scam New Platform

You cannot signup as a new member for FX Trading Corp anymore, although you might be able to log in to the platform if you are already a member.

The FX Trading Corp Products

FX Trading Corp has no products nor services that you can earn profit from. So direct selling or retailing is out.

The company didn't even reveal any meaningful information on how its auto-trading algorithm software works.

And how it can pay you up to 2.5% of your total investment every day, for 200 days is anyone's guess...

UNTIL NOW!

The company's online trading transactions (there isn't any) is totally anonymous. That means that its whole operation is unregulated and could be illegal. 

So I decided to look around.

But unlike other popular social trading networks like eToro, I cannot find any information about FX Trading Corp.

One crucial thing I found about FX Trading Corp.

Spain's finance regulator, the "Comision Nacional del Mercado de Valores (CNMV) has blacklisted FX Trading Corporation for its illegal operation on their country.

I will let you decide what to think about that but I do believe that FX Trading Corp is a scam.

FX Trading Corp Scammers

The personalities behind FX Trading Corp are Young Min Oh (CEO), Joon Park (CFO) and Yang Jae Seok (CMO).

However, I did not find any information about these three outside FX Trading Corp.

Meanwhile, I found a video with a certain Philip Han, who claims to be a Global Master Distributor of FX Trading Corp.

Cost To Join FX Trading Corp

To join FX Trading Corp, you need to pay between $100 up to $50,000. You can earn up to 2.5% of the total amount you invested every day for 200 days.

Cost To Join FX Trading Corp

FX Trading Corp Compensation Plan

There are two ways to become a member of FX Trading Corp. You can either become an Investor or a Networker.

Investor Or Networker

The main difference between the two is that as an Investor, you can only receive a daily income of up to 2.5% of your total investment for 200 hundred days.

As a Networker, you will earn an additional income by recruiting people and building a team. Below are your potential earnings of being a Networker for FX Trading Corp.

Direct Referral:

FX Trading Corp Referral Bonus

Binary and Residual:

Binary And Residual Bonus

There are also matching incentives and other rewards such as a Rolex watch or a car, depending on your membership rank.

Can You Make Money With FX Trading Corp

Yes, technically, you can.

But obviously, the money  you make don't come from selling products because FX Trading Corp has no retailable products in the first place.

And contrary to what you might believe, the money you get does not come from bots trading in Forex or cryptocurrencies.

So where does your money come from?

The Ugly Truth About FX Trading Corp

There are many red flags with FX Trading Corp, and although it may be too late this time, I would still like to discuss them one by one.

First, I would like to highlight the fact that FX Trading Corp guarantees an ROI and a fixed daily return rate of up 2.5% of a member's investment. My brain went into overload as to how this is possible.

The people behind FX Trading Corp even made it clear that nothing is guaranteed in online trading.

Truth About Online Trading

Do you see the inconsistency here?

Basically, the company guarantees to pay you every day because its trading bot will surely earn profits, however, they also admit that nothing is guaranteed in online trading. The company is not making any sense.

But anyone who has a decent knowledge about online trading knows that no algorithm or robot can predict (with 100% accuracy) all the winning trades to guarantee daily profits.

If such software exists, I bet the people who created it would not share it with anyone for a meager $100 investment.

Second, your daily income with FX Trading comes from the new membership fees of the other members. The company has no products to sell, and their so-called "sophisticated one-of-a-kind" trading bots are likely just a lie to lure you in.

Just in case you are still wondering why FX Trading Corp is a scam even though it pays its affiliates...

Its because it gets its revenue using unethical and illegal ways. And as to how these scams usually go, only the older affiliates will get paid. The new members will lose money.

Third, you may even continue to make money with FX Trading Corp until the time comes that the company is shut down, either by the owners or the authorities.

FX Trading Corp Already Close

FX Trading Corp is already down right now. It seems that the company's operation was put to halt by the person/s who runs it and they are moving into a new platform, FT CorpEx.

New company name, new website, the same racket.

FX Trading Corp Scam

If you already got past your 200th day when FX Trading Corp shuts down, then good for you. You have likely got all your investment back, and then some. 

But if you are a new member at the time you are reading this FX Trading Corp review, I hope that you didn't lose a lot. 

FX Trading Corp - Another Scam After All

So to answer your question, yes.

Having reviewed hundreds of business opportunities, I do believe that FX Trading Corp is a scam, a Ponzi scheme to be exact.

No online trades are going on here.

Your earnings will solely come from the membership fees of the new members who join the company.

Another sign that FX Trading Corp is a scam is that it now goes on a different name, is one of the common MO of online scammers. 

When they have amassed enough money from their victims, they will shut down the company and create a new one. Well, it seems that all is according to plan. 

As I am writing this, FX Trading Corp is now promoting a brand new platform called FT CorpEx. Do not be fooled in joining this company.

But hey, this is my own opinion. If you think otherwise, you can share your thoughts in the Comment Section below.

My Humble Advice

I have nothing against multi-level marketing in general because I do believe you can make money with this business model, especially if you learn Attraction Marketing.

But I am cynical to the ones that offer online trading services, especially crypto-based MLM companies.

Most of these companies turn out to be scams, like USI-Tech, and you are likely to lose money than earn some. Here's why.

If you are really interested in dipping your toe into online trading, I suggest that you take the time to learn the "trade."

And when it comes to cryptocurrencies, you should make yourself fully aware of the risks involved in this business.

FX Trading Corporation Business Alternative

If at this point of this FX Trading Corp review you have realized online trading and cryptocurrencies is not a suitable business for you...

Then I have an alternative business program that might be up your alley.

This business opportunity involves affiliate marketing, so no online trading and no risky investments to worry about.

And unlike multi-level marketing, you even do not need to sell any products or recruit people to make money!

Are you excited? Wait until you hear about this!

Most of the people who joined this business program are now making a full-time income at home. Some of them are even able to quit their jobs and enjoy early retirement.

The same thing could happen to you too! If you do it right. But the best part of this business program? 

You can get started today for free.

Final Words

Thank you for taking the time to read this FX Trading Corp review. I hope that you didn't end up losing money with this company. 

Hey, can you help me spread the word and inform more people that FX Trading Corp, now known as FT CorpEx is a scam?

The people behind this company, whoever they are, will surely continue to prey on the uninformed victims and take their hard-earned money. We can't let that happen.

Meanwhile...

If you have more valuable information about FX Trading Corp scamming people, you can share it to our readers in the Comment Section below.

And just in case you are searching for a legitimate way to turn your passion into profits, there is a signup form below.

Do not worry, it is for a FREE online course that will teach you how to make money online doing the things you love.

So, until here and always be careful out there. When a business opportunity seems too good to be true, it probably is.

Your pal,

Jay

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About the Author

Jay is a scam buster who have objectively exposed hundreds of business opportunities.

Leave a Reply 2 comments

FKFX1and2 - Reply

I come from China. I was cheated by this liar company, named FX Trading Corp (abbr. FX), for about $50,000! Don’t believe in it! FX2 Trading Corp (abbr. FX2) is an uppdated version of the FX, both are downright liar company with the same group and boss (one boss is Philip Han, a liar from South Korea). FX said at the beginning that the investment had a 400% profit, and then suddenly fell to 200% in June 2019 in the name of an upgrade. The withdrawal time was limited to one month from the original every day and one week. FX suddenly reduced the profit to 100% in July 2019 without any reasons, and the withdrawal is only permitted on the every 20th day of each month. In just one or two months, FX changed five or six times and did not return the customer’s principal for various reasons. Now the same team and boss are promoting an upgraded version of FX, named FX2 Trading Corp. In fact, FX2 and FX are the same thing, just changing the initial profit margin from 400% of the FX to 300% now. Any other operation is the same. Obviously, both FX and FX2 are the same scam company.Please don’t be greedy to invest in this company. I also hope that the deceived people will join the police or the international police to catch this swindler as soon as possible and let them be sanctioned by law.

    Jay Ayop - Reply

    Hey FKFX1and2,

    Thank you for sharing your experience with FX Trading Corp and I am sorry to hear that you lost a lot of money. Man $50K is a lot!

    Let’s spread the word so more people will not fall prey to this company.

    I know it must be hard but I hope you can make up the money you lost and be more careful with the business opportunities that you join from now on.

    Best,

    Jay (BareNakedScam)

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