Professional Commerce Membership operates within the foreign exchange and crypto buying and selling MLM niches.
The corporate is headed up by founder and CEO Joshua Felts.
BehindMLM lately got here throughout Felts in our Manifest FX evaluate.
We flagged Manifest FX for securities fraud, noting co-founder Felts was primarily based out of Georgia within the US.
BehindMLM’s Manifest FX evaluate was printed on March 4th. On March eleventh a video titled “Professional Commerce Membership Official Pre Launch!” was uploaded to the corporate’s official YouTube channel.
Regardless of nonetheless showing on Manifest FX advertising materials once we printed our evaluate, it appears Felts possible cut up with the corporate previous to Professional Commerce Membership going into prelaunch.
In researching this evaluate I hit up Felts Instagram profile to strive pin down when he final talked about Manifest FX. Since I final accessed the profile in early March nevertheless, Felts has made his Instagram profile personal.
Previous to Manifest FX, Felts promoted Silver Star Stay and Epic Buying and selling.
Learn on for a full evaluate of Professional Commerce Membership’s MLM alternative.
Professional Commerce Membership’s Merchandise
Professional Commerce Membership markets a $249 a month Professional Package deal subscriptions.
A base Professional Package deal subscription gives entry to:
- Professional Commerce College – “probably the most full dealer coaching program”
- Professional Commerce Desk – “the most effective buying and selling room” with “real-time commerce concepts and sign alerts”
- Professional Commerce Stay – “weekly classes with skilled educations & grasp merchants”
- Professional Commerce Workplace – “suite of indicators for merchants to have a particular edge available in the market”
- Final Crypto Field – “all the things it is advisable put money into cryptocurrencies efficiently”
Professional Commerce Studio will be added to the bottom Professional Commerce Membership subscription, growing the price to $297 a month.
Professional Commerce Studio provides “algorithmic buying and selling”, suggesting it’s able to producing automated passive returns (see conclusion for additional dialogue).
Professional Commerce Membership’s Compensation Plan
Professional Commerce Membership pays commissions on the sale of professional Package deal subscriptions to retail clients and recruited associates.
Professional Commerce Membership Affiliate Ranks
There are twelve affiliate ranks inside Professional Commerce Membership’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- IBO – join as a Professional Commerce Membership affiliate
- Professional 500 – join and keep a Professional Package deal subscription, personally refer and keep 3 Professional Package deal subscribers and generate and keep 10 whole energetic downline Professional Package deal subscriptions (cut up 4/4/2)
- Professional 1000 – keep a Professional Package deal subscription, keep 3 personally referred Professional Package deal subscribers and generate and keep 25 whole energetic downline Professional Package deal subscriptions (cut up 10/10/5)
- Professional 2000 – keep a Professional Package deal subscription, keep 3 personally referred Professional Package deal subscribers and generate and keep 75 whole energetic downline Professional Package deal subscriptions (cut up 30/30/15)
- Professional 5000 – keep a Professional Package deal subscription, personally refer and keep 5 Professional Package deal subscribers and generate and keep 250 whole energetic downline Professional Package deal subscriptions (cut up 100/100/50)
- VIP 10 – keep a Professional Package deal subscription, keep 5 personally referred Professional Package deal subscribers and generate and keep 500 whole energetic downline Professional Package deal subscriptions (cut up 200/200/100)
- VIP 20 – keep a Professional Package deal subscription, keep 5 personally referred Professional Package deal subscribers and generate and keep 1000 whole energetic downline Professional Package deal subscriptions (cut up 400/400/200)
- VIP 50 – keep a Professional Package deal subscription, personally refer and keep 7 Professional Package deal subscribers and generate and keep 2500 whole energetic downline Professional Package deal subscriptions (cut up 1000/1000/500)
- Government 100 – keep a Professional Package deal subscription, keep 7 personally referred Professional Package deal subscribers and generate and keep 5000 whole energetic downline Professional Package deal subscriptions (cut up 2000/2000/1000)
- Government 250 – keep a Professional Package deal subscription, keep 7 personally referred Professional Package deal subscribers and generate and keep 15,000 whole energetic downline Professional Package deal subscriptions (cut up 6000/6000/3000)
- Government 500 – keep a Professional Package deal subscription, personally refer and keep 10 Professional Package deal subscribers and generate and keep 30,000 whole energetic downline Professional Package deal subscriptions (cut up 12,000/12,000/6000)
- Government 1M – keep a Professional Package deal subscription, keep 10 personally referred Professional Package deal subscribers and generate and keep 75,000 whole energetic downline Professional Package deal subscriptions (cut up 30,000/30,000/15,000)
Referred subscribers will be retail clients or recruited Professional Commerce Membership associates.
Downline Professional Package deal subscribers are subscribers referred by everybody in your unilevel crew (i.e. your whole downline).
The splits seek advice from most subscriptions capable of be counted over three unilevel crew legs.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Every affiliate personally recruited into the unilevel crew generates a brand new leg.
Referral Commissions
Professional Commerce Membership pays a referral fee on the sale of Professional Package deal subscriptions to retail clients and recruited associates.
Professional Commerce Membership pays referral commissions down three ranges of recruitment as per the unilevel crew:
- IBOs earn a $25 fee per subscription offered on stage 1 (personally recruited associates)
- Professional 500 rank associates earn $25 on stage 1 and $17 on stage 2
- Professional 1000 and better rank associates earn $25 on stage 1, $17 on stage 2 and $12 on stage 3
For a proof of the unilevel crew see “Professional Commerce Membership Affiliate Ranks” above.
Residual Commissions
Professional Commerce Membership pays a weekly residual fee tied to rank:
- Professional 500 ranked associates earn $125 per week
- Professional 1000 ranked associates earn $250 per week
- Professional 2000 ranked associates earn $500 per week
- Professional 5000 ranked associates earn $1250 per week
- VIP 10 ranked associates earn $2500 per week
- VIP 20 ranked associates earn $5000 per week
- VIP 50 ranked associates earn $12,500 per week
- Government 100 ranked associates earn $25,000 per week
- Government 250 ranked associates earn $62,500 per week
- Government 500 ranked associates earn $125,000 per week
- Government 1M ranked associates earn $250,000 per week
Rank Achievement Bonus
Whereas residual commissions are paid weekly, the Rank Achievement Bonus is a one-time bonus paid on rank qualification:
- qualify at Professional 500 and obtain $125
- qualify at Professional 1000 and obtain $250
- qualify at Professional 2000 and obtain $500
- qualify at Professional 5000 and obtain $1250
- qualify at VIP 10 and obtain $2500
- qualify at VIP 20, maintain rank for 60 days and obtain $5000
- qualify at VIP 50, maintain rank for 60 days and obtain $12,500
- qualify at Government 100, maintain rank for 60 days and obtain $25,000
- qualify at Government 250, maintain rank for 90 days and obtain $62,500
- qualify at Government 500, maintain rank for 90 days and obtain $125,000
- qualify at Government 1M, maintain rank for 90 days and obtain $250,000
Becoming a member of Professional Commerce Membership
Professional Commerce Membership affiliate membership is $4.95 a month.
Professional Commerce Membership Conclusion
Professional Commerce Membership is a step again from the in-your-face securities fraud of Manifest FX. That mentioned there’s ambiguity surrounding Professional Commerce Studio product.
Earlier than we get into that permit’s check out Professional Commerce Membership’s schooling, coaching and alerts. This in spite of everything makes up the majority of a $297 full Professional Package deal subscription.
Right here Professional Commerce Membership are comparatively clear about who’s behind their coaching and schooling.
The corporate cites at least 9 company crew members masking these merchandise (be aware Vice President Jason Felts is Josh Felts’ brother, David Felts is presumably one other relative):
What you’ll discover is a gaping gap as to who’s behind the buying and selling facet of Professional Commerce Membership.
There isn’t a info on the corporate’s web site or of their advertising supplies, as to who’s offering subscribers with buying and selling recommendation and alerts.
Our skilled portfolio managers and ex-bank merchants will present you learn how to analyse and commerce the markets, like an actual professional for vital positive factors.
Be taught grasp buying and selling methods from grasp merchants reside seminars.
Earn when you be taught: Easy methods to place extra profitable trades alongside grasp merchants.
We have now a crew {of professional}, full-time merchants that usually push commerce concepts & market alerts, straight to your gadget day by day.
Contemplating the advertising claims being made and $247 a month price, realizing whose recommendation you’re paying for is essential due-diligence.
Because it stands shoppers are unable to make an knowledgeable determination about Professional Commerce Membership’s buying and selling and alerts. It is a potential violation of the FTC Act (disclosures).
Shifting on to Professional Commerce Studio, the primary purple flag is that there’s nothing about Professional Commerce Studio supplied on Professional Commerce Membership’s web site.
The next slide is taken from an official Professional Commerce Membership advertising presentation:
On the floor Professional Commerce Studio appears like your typical MetaTrader buying and selling bot. Whether or not intentional or not, Professional Commerce Membership’s advertising pitch is imprecise on automation.
Choose your parameters and generate an Knowledgeable Advisor to do your be just right for you, with out ever writing one line of code.
Our Knowledgeable Advisor Studio exports buying and selling methods written in 100% native MQL code.
The code is 100% in compliance with MetaTrader, and we by no means use or require third get together code.
The crux of whether or not Professional Commerce Studio is legally compliant lies in whether or not methods are supplied. In that case, then Professional Commerce Studio is your typical automated buying and selling bot providing dressed up in *winkwink, nudgenudge* ambiguity.
If methods should be put collectively by subscribers, in that they give you them themselves, that’s nice.
Professional Commerce Membership offering methods, together with directions on learn how to “set parameters and export” (successfully the identical factor), would fulfill the “expectation of earnings by way of the efforts of others” prong of the Howey Take a look at.
This in flip would make Professional Commerce Studio a securities providing.
Given there’s no info on Professional Commerce Studio on Professional Commerce Membership’s web site, and that Josh Felt’s co-founded Manifest FX, which most positively is engaged in securities fraud, I’m not keen to present any good thing about the doubt right here.
Anybody who’s signed up for Professional Commerce Studio is welcome to make clear whether or not automated buying and selling or automated offering of “methods” is supplied.
Lastly Professional Commerce Membership runs the danger of working as a pyramid scheme if nearly all of subscribers are additionally associates. I can’t actually make a name on this both manner, save to say $247/$297 a month isn’t low cost.
What I can state with certainty is forcing associates to purchase a product lends itself to any MLM firm working as a pyramid scheme.
The excellent news on a person stage verifying how your potential upline is working their Professional Commerce Membership enterprise is simple.
Ask your potential upline for proof they’re producing over $247 or $297 a month in buying and selling to cowl their obligatory subscription price.
If they’ll’t present this, they’re possible solely creating wealth on subscription gross sales and tying that into MLM alternative. That might very a lot be a pyramid scheme.
As a retail buyer you too can ask for proof of at the least $247 or $297 in buying and selling income a month over the previous few months.
As a retail buyer pyramid considerations aren’t as urgent (you’re not taking part within the MLM alternative), however you’ll nonetheless get an concept of whether or not Professional Commerce Membership’s evaluation and alerts are well worth the price ticket.
Pending clarification of who’s behind Professional Commerce Membership’s evaluation and alerts, in addition to whether or not absolutely automated buying and selling is feasible by way of Professional Commerce Studio, method with warning.