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).
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.
Name: FX Trading Corp
Owners (Unverified): Philip Han, Young Min Oh, Joon Park, and Yang Jae Seok
Price: $100 - $50,000
FX Trading Corp Business Opportunity Rating:
FX Trading Corp Product Rating:
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Some time ago, there are FX Trading Corp affiliates who warned others that FX Trading is a scam.
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.
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...
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.
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.
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.
Binary and Residual:
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?
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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.
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.
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.
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
But I am cynical to the ones that offer online trading services, especially crypto-based MLM companies.
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.
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.
If you have more valuable information about FX Trading Corp scamming people, you can share it to our readers in the Comment Section below.
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So, until here and always be careful out there. When a business opportunity seems too good to be true, it probably is.
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