FCML offers no data on its web site about who owns or runs the corporate.
FCML’s web site area (“fcml.ltd”) was privately registered on February 18th, 2020.
In an try to look reputable, FCML offers a UK incorporation quantity equivalent to “Foreign exchange Capital Advertising Restricted”.
Foreign exchange Capital Markets Restricted was included in September 2000. Whether or not the incorporation has something to do with FCML is unclear.
UK incorporation is filth low cost and successfully unregulated. It’s a favored jurisdiction for scammers trying to incorporate dodgy corporations.
FCML’s “about us” pitch struck me as slightly odd;
FCML LTD buying and selling is a neighborhood of a number of folks united by the love of mankind, wealth constructing, pleasure and cash.
I punched “neighborhood of a number of folks united by the love of mankind” and located the identical copy used on Bit Xchange, Worldwide Relieve Commerce Group and Oduwa Coin.
Bit Xchange seems to be a 1:1 clone of FCML. Bit Xchange’s web site area was registered final August.
Primarily based on Alexa visitors estimates, Bit Xchange has long-since collapsed.
Worldwide Relieve Commerce Group is a Ponzi scheme promoting month-to-month returns of as much as 75%.
Oduwa Coin is a pump and dump shitcoin that launched final 12 months.
OWC pumped to $1.30 when it was publicly listed on an trade in February 2019. It dumped after which flatlined in worth at ~14 cents since final August.
Bit Xchange definately seems to be linked to FCML. Whether or not Relieve Commerce and Oduwa Coin are linked or simply had their web sites scraped I can’t say.
In any case, FCML is both run by content material thieves, serial scammers or each.
As all the time, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
FCML’s Merchandise
FCML has no retailable services or products, with associates solely capable of market FCML affiliate membership itself.
FCML’s Compensation Plan
FCML associates make investments funds on the promise of marketed every day returns.
- Primary – make investments $50 to $199 and obtain 3% a day for 100 days
- Customary – make investments $200 to $499 and obtain 5% a day for 100 days
- Premium – make investments $500 to $1999 and obtain 6% a day for 100 days
- Gold – make investments $2000 to $4999 and obtain 8% a day for 100 days
- Diamond – make investments $5000 to $6900 and obtain 10% a day for 100 days
- Bonus – make investments $7000 to $200,000 and obtain 13% a day for 100 days
Referral Commissions
FCML pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
FCML caps payable unilevel crew ranges at eight.
Referral commissions are paid out as a share of funds invested throughout these eight ranges as follows:
- degree 1 (personally recruited associates) – 8%
- degree 2 – 5%
- degree 3 – 4%
- degree 4 – 3%
- degree 5 – 2%
- ranges 6 to eight – 1%
Becoming a member of FCML
FCML affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $50 funding.
Conclusion
FCML claims to generate exterior income by way of buying and selling.
Our expertise in buying and selling Foreign exchange and commodities could be very first rate and cryptocurrency-related.
No proof of buying and selling happening is offered. Neither is there any proof displaying exterior income of any sort is definitely getting used to pay marketed returns.
FCML’s enterprise mannequin additionally fails the Ponzi logic take a look at.
If FCML’s nameless house owners had been actually able to producing a constant 13% every day return, what do they want your cash for?
Compounded, 13% a day will flip any quantity right into a fortune over a brief time period.
And this turns into all of the extra farcical upon consideration FCML claims to ‘have been buying and selling for a number of years’.
Because it stands the one verifiable income getting into FCML is new funding.
Utilizing new funding to pay present associates a every day return of as much as 13% makes FCML a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so to will new funding.
This may starve FCML of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.