Hour Grows Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my Hour Grows Review!
This company popped up on my radar recently, so I decided it was time to take a look and see what it is all about.
Choosing a new company to join is a big decision, and one that should not be made before doing extensive research.
My review on Hour Grows will provide you with all the info you need about the company, the products and the compensation plan, so you can make the best decision for you and your investment.
Let’s jump in!
Hour Grows Review – The Company
The Hour Grows website does not provide any information about who owns or operates the company.
I did discover that the Hour Grows website domain was registered privately as “hourgrows.com” on the 12th of January, 2018.
According to the website, Hour Grows says it was incorporated in the UK;
In 2016 we were incorporated in London under the name Hour Grows LTD.
But when I did my own search of the UK Companies House database, I wasn’t able to find any incorporation of any kind.
With this information, it can be assumed that the London corporate address that is on the Hour Grows website has nothing to do with the company.
As of today, Alexa traffic estimates show that 75% of traffic to the company website comes out of Spain.
This likely means that the individual(s) running Hour Grows are based in Spain.
Hour Grows Reviews – The Products
Hour Grows does not have any retail products or services to offer its affiliates.
Those who join Hour Grows simply market the affiliate membership.
The Hour Grows Compensation Plan
Affiliates who join Hour Grows are required to invest $1 or more for an advertised ROI of up to 1000% after seven days.
Referral commissions are paid out through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the top of a unilevel team, and every personally sponsored affiliate is put right under them on level 1.
When a level 1 affiliate sponsors new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are put on the 3rd level, and this level creation continues on down as many levels as are needed.
Payable unilevel levels are capped at 4, and referral commissions are earned as a percentage of the money that is invested through these 5 levels.
Commission rates on level 1 (which are paid on investments by personally sponsored affiliates) depend on the amount an affiliate has invested.
- Invest $1 to $30 and earn 2.5%
- Invest $31 to $50 and earn 3%
- Invest $51 to $300 and earn 5%
- Invest $301 to $500 and earn 7.5%
- Invest $501 or more and earn 10%
Rates of referral commission for the remaining 4 unilevel team levels are like so:
- Level 2 – 1%
- Levels 3 and 4 – 0.5%
Cost To Join Hour Grows
The cost to join Hour Grows as an affiliate is free, but affiliates who choose the free membership are only able to earn referral commissions.
To fully participate in the Hour Grows compensation plan, affiliates must invest a minimum $1.
Verdict on Hour Grows
According to the company, they make external ROI revenue through “automated trading” of “currency trading on Forex market”.
The problem here is that there is no evidence that any forex trading is actually taking place or that there is any other kind of external ROI revenue.
What we need to look at here is the logic of their claims…
If the owners of this company were actually able to legitimately make a consistent 1000% ROI every 7 days, why on earth would they be asking strangers on the internet to invest?
The truth here is that the only source of income that can be verified is the new investments from new affiliates…
And what is likely happening here is that the company is using new investments to pay ROIs to existing affiliates…the very definition of a Ponzi scheme…
And just like every other company out there like this one, once new investments stop rolling in, ROIs will stop rolling out…
This will cause a collapse in the company and investors will lose their money…
My advice here is to be very cautious if you are thinking about joining this company…
I hope you enjoyed my Hour Grows review and if you have any questions, please leave them in the comments below…
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