Adam_ Smith#9

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What is multi-level marketing (MLM) in forex?

Forex MLM schemes recruit participants who earn commissions by bringing in new members rather than real trading profits. Members are encouraged to buy training packages or managed accounts with promises of passive income. In reality, most profits come from recruitment, making it a pyramid scheme. Once recruitment slows, payouts collapse. Red flags include mandatory membership fees, exaggerated testimonials, and lack of verifiable trading activity. Regulatory bodies frequently issue warnings against such schemes. Traders should avoid forex platforms focused more on recruitment than trading.