Hour Grows Review: 52,000% annual ROI through forex trading?

Hour Grows provide no information on their website about who owns or runs the business.

The Hour Grows website domain (“hourgrows.com”) was privately registered on January 12th, 2018.

On their website Hour Grows claims to be incorporated in the UK;

In 2016 we were incorporated in London under the name Hour Grows LTD.

A search of the UK Companies House database however reveals no such incorporation exists.

Based on this, the London corporate address is provided on the Hour Grows website is assumed to have nothing to do with the company.

At the time of publication Alexa estimate that 75% of traffic to the Hour Grows website originates out of Spain.

This strongly suggests that whoever is actually running Hour Grows is also based out of Spain.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. 

Hour Grows Products

Hour Grows has no retailable products or services, with affiliates only able to market Hour Grows affiliate membership itself.

The Hour Grows Compensation Plan

Hour Grows affiliates invest $1 or more on the promise of advertised returns of up to 1000% after seven days.

Hour Grows pay referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Hour Grows cap payable unilevel levels at four, with referral commissions paid out as a percentage of funds invested across these five levels.

Level 1 commission rates, paid on funds invested by personally recruited affiliates, are determined by how much an Hour Grows affiliate has invested.

  • invest $1 to $30 and receive 2.5%
  • invest $31 to $50 and receive 3%
  • invest $51 to $300 and receive 5%
  • invest $301 to $500 and receive 7.5%
  • invest $501 or more and receive 10%

Referral commission rates across the remaining four unilevel team levels offered are fixed as follows:

  • level 2 – 1%
  • levels 3 and 4 – 0.5%

Joining Hour Grows

Hour Grows affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the Hour Grows compensation plan requires a minimum $1 investment.

Conclusion

Hour Grows claim to generate external ROI revenue via “automated trading” of “currency trading on Forex market”.

The company provides no evidence of forex trading taking place or any other source of external ROI revenue.

Furthermore Hour Grows’ claims fail the Ponzi logic test.

If Hour Grows’ anonymous owners were able to legitimately generate a consistent 1000% ROI every 7 days (that’s a 52,000% annual return, without compounding), why would they be soliciting investment from randoms over the internet?

The reality of Hour Grows’ business model is that newly invested funds are the sole verifiable source of revenue entering the company.

Using newly invested funds to pay existing investors returns makes Hour Grows a Ponzi scheme.

Like all MLM Ponzi schemes, once affiliate recruitment dries up so too will invested funds.

This will starve Hour Pays of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.

Let’s block ads! (Why?)

This RSS post was syndicated from, http://behindmlm.com

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