After months-worth of preparation, Forex and CFD trading provider BDSwiss finally launches its Research Portal. Click here to read more. https://www.financebrokerage.com/bdswiss-promotes-new-research-portals/
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Questions about forex MLM’s, how they operate and seem to recycle promoters.
I have two questions I was hoping this group could help me with. (1) There is nothing on this page about the Forex MLM “eaconomy” or at least I couldn’t find anything in a quick search on the info. So my understanding is that these MLM’s are functionally operating as expensive trading platforms and the only reason people peddle it is get the commission? Just off the several Facebook friends I have peddling it, it seems they talk about signals and take direction from a central source. So are the companies shorting / artificially inflating prices within their system or is it actually based on the market? I’m just curious about how it works - clearly having someone without a college degree / 0 credibility tell you what to do with your money is problematic. (2) I’ve gone down a couple of rabbit holes on these individuals pages and many seem to link back to people involved in several of these scams, often there profiles look ubiquitous despite being different people often involved in different scams (mlms); suits, flashy commodities, cars, may be sitting in nice seats on a plane, vacations, they all look mildly attractive, normally fit and are often posting “business advice”. So are MLM’s paying these individuals to pitch the products at these conferences and functionally they are paid peddlers / influencers? They also often operate their own “trade houses” - no idea why you need a house lol. Also many have a lot of comments / high engagement - and if you go back far enough it’s scary that people haven’t noticed it’s the same post with just a different products. The reason I want to know if these people are paid peddlers is that I think it’s fraud under a current federal statute and (hypothetically lets say) I’m in a position where I can report it / actually have influence on the outcome. I just want more information about these repeat players so I know more about it for any sort of proposal memos.
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