BizzTrade Review – Legit Trading Company or Huge Scam?
Welcome to my BizzTrade Review!
Have you been searching for an online business to join, but you don’t know which one to choose?
There are so many new businesses starting up every day, and it can be hard to know which ones are legit and which ones aren’t.
And that’s what I’m here for!
In my review, I will talk about this company’s background, products, compensation plan, and cost to join, so you can decide for yourself if this is the company for you.
Let’s dig in!
What is BizzTrade Company
Launched in early 2019, BizzTrek is a company that was run by co-founders Gurpreet Dhaliwal and brothers Rehan Gohar and Rizwan Gohar.
Based out of the UK, BizzTrek, as it was, began its decline in May.
After coming up with a new name and business model, BizzTrek became BizzTrade.
Below is a little description on why you should choose BizzTrade…
BizzTrade has no retail products or services for affiliates to purchase or sell.
Affiliates who join the company can only market the BizzTrade affiliate membership.
Once a BizzTrade affiliate membership is purchased, access to “forex education” is provided.
Unlike all the biased BizzTrade reviews out there, I am going to tell you how it is…
So keep reading and pay close attention.
The BizzTrade Compensation Plan
The BizzTrade compensation plan has affiliates investing €50 to €10,000 EUR for certain advertised returns.
- Starter – Invest €50 EUR and receive up to 0.4% a day
- Pro Starter – Invest €100 EUR and receive up to 0.4% a day
- Business – Invest €500 EUR and receive up to 0.6% a day
- Pro Business – Invest €1000 EUR and receive up to 0.6% a day
- Trader – Invest €5000 EUR and receive up to 0.8% a day
- Pro Trader – Invest €10,000 EUR and receive up to 0.8% a day
Affiliates can earn up to 400% in returns, after which they are required to reinvest in order to continue earning.
BizzTrade affiliates earn 10% commissions from the investments made by personally sponsored affiliates.
Residual commissions are tracked and paid through a binary compensation structure.
A binary compensation structure puts an affiliate at the top of a binary team that divides into and left and right side.
Level one of the binary team holds 2 positions and level two is created by dividing these first 2 positions into another 2 positions each, for a total of 4 positions.
Additional binary team levels are made as needed, with every new level holding twice as many positions as level before it.
Binary team positions are filled through direct and indirect sponsorship of affiliates, with no limit as to how far the team can grow.
BizzTrade counts up new investment volume on each side of the binary team.
Affiliates earn 8% to 10% the investments made on the weaker side of their binary team.
- Starter and Pro Starter tier affiliates earn an 8% residual commission rate
- Business and Pro Business tier affiliates earn a 9% residual commission rate
- Trader and Pro Trader tier affiliates earn a 10% residual commission rate
Once funds are paid out, the amount is matched on the stronger side of the binary team and flushed.
Any volume that is left over on the stronger side of the binary team is carried over.
It wasn’t clear whether residual commissions are paid daily or weekly.
A Matching Bonus is also available and calculated based on residual commissions earned by downline affiliates.
The bonus is paid out down 2 levels of sponsorship:
- 10% match on level 1 (personally sponsored affiliates)
- 5% match on level 2
However, the only affiliates who qualify for the Matching Bonus are Trader and Pro Trader tier affiliates.
Rank Achievement Bonuses
BizzTrade affiliates can earn the Rank Achievement Bonus when they generate investment volume.
Affiliate ranks are based on a point system and for every €50 EUR in investment volume matched on both sides of the binary team, affiliates earn 1 point.
When it comes to rank qualification, it seems that points are accumulative.
- Regional Director – Generate 900 points and receive an “luxury international holiday”
- Special Offer – Generate 2000 points and receive a “Honda car or equivalent”
- Regional President – Generate 9000 points and receive a “BMW car or equivalent”
- Executive President – Generate 21,000 points and receive a “Porsche car or equivalent”
Cost to Join BizzTrade
The cost to join BizzTrade as an affiliate is €10 EUR, plus a €50 to €10,000 EUR investment.
The higher the investment, the more a BizzTrade affiliate can earn.
Bizz Trade Review Video
Verdict on BizzTrade
Okay, let’s get to the final verdict…
BizzTrade claims that they are generating external revenue through forex trading.
And I did come across an FCA (Financial Conduct Authority) registration number…
However, the number corresponds with Infinox Capital Limited…
That’s all well and good, but that has nothing to do with the passive income opportunity that BizzTrade is offering.
In order to offer securities, BizzTrade must be registered with the proper financial authorities, and as it stands, neither BizzTrade nor BizzTrek are registered anywhere within the UK.
Which means that they are operating outside of the legal system.
As I see it, the only verifiable revenue is from new affiliate investment.
And if BizzTrade is using these funds to pay out ROI…well that’s not exactly a legal business model.
My advice is to keep looking for that diamond in the rough!
Thanks for reading my BizzTrade review! Feel free to leave a comment or question down below…
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