BizzTrade Review: Could This Broker Scam You? from buzai232's blog

We are talking about BizzTrade. Is BizzTrade regulated broker? Can it be a scam? Where is this broker based? How BizzTrade trades? If you are thinking about investing with this broker think twice. We would advise you to read this review because we have all the answers.To get more news about bizztrade, you can visit wikifx.com official website.

BizzTrade is a multi-level marketing company that is offering a return on investment also known as ROI. Brothers Rizwan and Rehan Gohar together with Gurpreet Dhaliwal started BizzTrade company in early 2019. The company was established first as Bizz Trek, just to change the name in 2020 to BizzTrade. A little bit of a bad feeling here. If the company is legit and establishing a brand, why change its name?

What you also need to be aware of is that any MLM company that offers a passive investment opportunity is in obligation to register with financial regulations and BizzTrade is not registered anywhere and yes, this means that BizzTrade is operating illegally.
Broker Website is accessible from any part of the world but BizzTrade does not provide its services to the residents and companies in countries, which are currently under Sanctions imposed by UAE or under the respective applicable laws. Based on BizzTrade reviews from clients, we can say that they mostly targeted the UK and Scandinavian countries.

This broker does not offer relatable goods that affiliates can buy for personal use or sell to make some profit. The only way to make money with this broker is by recruiting new members and this is so-called the Ponzi Scheme. Which is a big no for several reasons. These schemes have a lifespan of around two years, simply because the company dies after the recruitment dies and that can happen pretty much fast. When the affiliate recruitment slows down BizzTrade will lack the revenue to pay pyramid scheme commissions and to pay ROI as well.

When the Ponzi Scheme collapses what will happen to the majority of people who invested the money? Don’t guess twice they will of course lose it. Here is how. The only verifiable revenue source is the new investments. The company uses these to pay commission to their members, because it has no retail products that can be sold.
Very low. Simply because the majority of their members are likely to fail due to the overreliance on recruiting. Let’s look at the statistics: Over 95% of MLM users fail to make any income. 60% of them don’t make any money at all, and only 5% do make some, but that still is not enough. The numbers are not lying, the majority will most likely lose their money, unlike the owners and very few members who are at the top of the pyramid. They will make a lot.