BFO Trade fails to offer possession or govt data on its web site.
BFO Trade’s web site area (“bfo188.com”), was registered with bogus particulars on December twenty fourth, 2023.
In an try to look authentic, BFO Trade supplies a Colorado shell firm certificates for BFO Trade LLC:
Because of the ease with which scammers are capable of incorporate shell firms with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
BFO Trade has already attracted the eye of monetary regulators. The Philippine SEC issued a BFO Trade securities fraud warning on June thirteenth, 2024.
If we have a look at the source-code of BFO Trade’s web site we will see localization is about to Chinese language:
This implies whoever is working BFO Trade has ties to China.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
BFO Trade’s Merchandise
BFO Trade has no retailable services or products.
BFO Trade associates are solely capable of market BFO Trade affiliate membership itself.
BFO Trade’s Compensation Plan
BFO Trade associates make investments 1000 Philippine pesos (PHP) or extra, or the tether (USDT) equal.
That is finished on the promise of an marketed every day 4% ROI.
BFO Trade associates can improve the every day ROI charge by recruiting affiliate traders:
- recruit three affiliate traders and obtain 4.5% a day
- recruit ten affiliate traders and obtain 5.5% a day
- recruit thirty affiliate traders and obtain 6% a day
- recruit 100 affiliate traders and obtain 7% a day
- recruit 5 hundred affiliate traders and obtain 8% a day
The MLM facet of BFO Trade pays on the recruitment of affiliate traders.
Dealer Wage
The Dealer Wage is a every day fee instantly tied to recruitment of BFO Trade associates down three ranges of recruitment (unilevel):
- VIP1 – personally recruit 5 associates, have a downline of no less than 25 associates throughout three ranges of recruitment and obtain 500 PHP a day
- VIP2 – personally recruit 10 associates, have a downline of no less than 50 associates throughout three ranges of recruitment and obtain 1000 PHP a day
- VIP3 – personally recruit 30 associates, have a downline of no less than 200 associates throughout three ranges of recruitment and obtain 2500 PHP a day
- VIP4 – personally recruit 50 associates, have a downline of no less than 500 associates throughout three ranges of recruitment and obtain 5000 PHP a day
- VIP5 – personally recruit 80 associates, have a downline of no less than 2000 associates throughout three ranges of recruitment and obtain 10,000 PHP a day
- VIP6 – personally recruit 200 associates, have a downline of no less than 5000 associates throughout three ranges of recruitment and obtain 30,000 PHP a day
- VIP7 – personally recruit 500 associates, have a downline of no less than 10,000 associates throughout three ranges of recruitment and obtain 80,000 PHP a day
- VIP8 – personally recruit 1000 associates, have a downline of no less than 20,000 associates throughout three ranges of recruitment and obtain 150,000 PHP a day
Becoming a member of BFO Trade
BFO Trade affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 1000 PHP funding.
BFO Trade solicits funding in Philippine pesos and the cryptocurrency tether (USDT).
BFO Trade Conclusion
BFO Trade is yet one more “click on a button” app Ponzi scheme.
BFO Trade’s “click on a button” Ponzi ruse is buying and selling.
The introduced ruse is BFO Trade associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the required variety of buttons every day purportedly is tied to buying and selling. BFO Trade represents it shares a proportion of generated buying and selling revenue with affiliate traders.
If that is not sensible it’s as a result of it doesn’t. Randoms clicking a button in an app doesn’t magically generate buying and selling income.
In actuality clicking a button inside BFO Trade does nothing. All BFO Trade does is recycle newly invested funds to pay earlier traders.
BFO Trade is a part of a bunch of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical buying and selling ruse embody Gxness, TRC Commerce and Suntons.
Since 2021 Behind has documented a whole lot of “click on a button” app Ponzis. Most of them final a couple of weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of traders with a loss (inevitable Ponzi math).
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.
