BizzTrade Review – Unsafe MLM Con Artist Lurking Online

The controversies don’t end with this one. In the BizzTrade Review, you’ll read about a foul Ponzi scheme that was run by three shady associates.

Namely, the Gohar brothers, Rehan & Rizwan, and Gurpreet Dhaliwal. BizzTrade broker allegedly used to operate in the UK, but that’s just another fabrication on the long list of lies. Luckily, the website is down but that doesn’t mean these fraudsters won’t return.

However, before proceeding, we welcome you to read InvestCore, MigoTrade and Battle Trade scam broker reviews. They can easily steal your investment.

Broker Status: Unregulated Scam Broker
Broker Regulation: Unlicensed Forex Provider / No Regulation
Scammers Websites:
Operating Status: Active Forex Trading Scam
Blacklisted as a Scam by: N/A
Broker Owner: BizzTrade Ltd
Headquarters Country: UK (allegedly)
Foundation Year: 2019 (BizzTrek)
Trading Platforms: N/A
Mobile Trading: N/A
Minimum Deposit: 50 EUR
Deposit Bonus: N/A
Crypto Trading: Not Available
CFD Trading: Yes, you can trade CFDs
Trading Instruments: N/A
Maximum Leverage: N/A
Islamic Account: Not Available
Demo Account: No, only live trading accounts
Accepts US Clients: US traders are not accepted
Global Fraud Protection Team: Don’t Invest in This Scam Broker!

Is BizzTrade a Forex Trading Scam?

BizzTrade uses Forex as a pretext for its operation. This entity’s business is actually based on the controversial MLM (multi-level marketing) model, which relies on increasing the sale force by recruiting as many distributors as possible for the cause.

Sounds familiar? That’s quite reminiscent of the pyramid model, or better yet, a Ponzi scheme. This concept refers to investment frauds where the one running them, in this case, BizzTrade, profits off the back of unsuspecting victims. 

The scammer recruits people to invest by promising a hefty return on investment (ROI) and then entices them to invite family and friends to do the monkey business. The more people one draws in, the better, for BizzTrade, of course.

The lifespan of a Ponzi scheme is typically around two years, oftentimes even shorter, then recruiters start to notice what’s up. Hence, the aforementioned three associates first established BizzTrek in January 2019, which they renamed to BizzTrade once their stocks crashed down in July of that year.

The BizzTrade regulation never existed. For an entity to provide financial services in the UK, it has to possess a license issued by the country’s Financial Conduct Authority (FCA). Unsurprisingly, BizzTrade isn’t registered with the FCA, we checked it.

Thus, the scammer is unlicensed and unregulated to provide services in the UK or any other ESMA-overseen country in the EEA zone. Despite this, BizzTrade kept conducting its vile plot, violating the law in the process, which eventually resulted in the scammer’s website getting taken down.

Either BizzTrade felt the heat and decided to run away or the authorities busted the scammer and shut down the site. Regardless, we don’t exclude the possibility of this fraud returning.

To reiterate, BizzTrade is not a Forex broker but rather a terrible Ponzi scheme. The entity has no license and isn’t registered with the UK’s FCA.

BizzTrade Broker Pretending to be Regulated

We didn’t find a valid physical address. Plus, the FCA has no information on the entity. BizzTrade reputation took a heavy blow here.

Thus, BizzTrade lied about being authorized to provide services by the local government. Which authorities in their right mind would allow a Ponzi scheme to take place?!

Where Do BizzTrade Victims Live?

It seems that BizzTrade was all over the place. The fraudulent BizzTrade scam left traces in the following countries:

  • UK;
  • Spain;
  • Colombia;
  • Iraq;
  • Pakistan.

On, we confirmed this data. The website was also visited 17,100 times in January with some visitors being from Germany, Canada and Sweden. Fortunately, the site is down.

Reviews of BizzTrade – Traders Share Their Experience

With 77 negative reviews on Trustpilot and complaints about the broker, it’s safe to say that BizzTrade is definitely a scam. Looks like the fraudster defrauded a lot of people.

After consistent lies, BizzTrade seemingly violated the terms and conditions and deceived traders. Here’s one confession from a poor victim:

This company is a scam. They’ve scammed me £3000. Rehab Gohar, Rizwan Gohar,Abdul, Haida and the rest. Scammers…

Trustpilot user, January 28, 2023.

About BizzTrade’s Trading Platform

BizzTrade isn’t a real broker. Thus, the BizzTrade trading platform doesn’t exist. You’re not actually trading anything with BizzTrade. All you’re doing is giving money to the financial swindler.

Targeting Victims – How This Fraudulent Company Operates

Scammers such as BizzTrade are masters of finding potential victims. They run marketing campaigns online and buy fake Google ads.

Or, they create Facebook, Instagram and YouTube content. A more direct approach would be phone calls and emails. We wouldn’t count out private WhatsApp and Telegram chats.

Another possibility would be LinkedIn ads. Sometimes scammers ‘seduce’ their victims via dating apps such as Tinder or Bumble. Anything to get the Ponzi scheme going…

What Can You Trade With a Broker?

As mentioned, you don’t trade anything. There are no trading platforms, assets or instruments. You cannot trade CFDs or crypto assets. Forex education is just a ruse in this case. 

BizzTrade’s Compensation Plans

Instead of trading accounts, BizzTrade offers compensation plans. Affiliates invest and are promised a “guaranteed return”. 

We’ll outline the plans below, but our question is what are people supposed to invest in? BizzTrade offers no concrete products, no CFDs, digital assets, etc. Who can guarantee returns there?

  • Starter – 50 EUR, daily ROI 0.4%;
  • ProStarter – 100 EUR, daily ROI 0.4%;
  • Business – 500 EUR, daily ROI 0.6%;
  • Pro Business – 1,000 EUR, daily ROI 0.6%;
  • Trader – 5,000 EUR, daily ROI 0.8%;
  • ProTrader – 10,000 EUR, daily ROI 0.8%.

Withdrawing Profits From Your Account

If you look at the statistics, over 95% of MLM fail to make income and 60% end up with losses. On the other hand, the scammer on top will profit from ripping-off poor people and their friends.

No doubt withdrawal issues will arise here. We don’t believe that any BizzTrade withdrawal requests have been fulfilled. We also don’t know which funding methods BizzTrade uses, but we guess they include credit/debit cards, wire transfers, e-wallets and cryptocurrencies.

I Lost Money To BizzTrade Scam, What to Do?

If you’ve lost money to this Ponzi scheme, know that you’re not the only victim of BizzTrade scam. Worry not, Global Fraud Protection is here to help you.

We can assist you in getting your hard-earned money back. Depending on the method you used to deposit funds, our team of experts will instruct you to request a chargeback or trace the crypto transaction using CipherTrace.

On your part, if you have any useful info, please share it with us so we could contribute to finally putting these scammers behind bars!

If this broker steals your money, contact us for help. Use Online Chat, the easiest and fastest way to book your free consultation with us and start the chargeback procedure!

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

Is BizzTrade a Legit Broker and Should I Invest In It?

Absolutely not. BizzTrade is a vile Ponzi scheme. If you already invested, call us so we could help you get your money back.

Does BizzTrade Offer a Demo Account?

No. BizzTrade isn’t a real broker so you don’t have different account types but rather compensation plans.

Does BizzTrade Have a Mobile Trading App?

BizzTrade doesn’t have a trading platform so there’s no need for an app. The scammer could have some kind of app though.

Does BizzTrade Give a Welcome or Deposit Bonus?

BizzTrade offers “Matching” & “Achievement” bonuses. It’s just a hoax that promises you a Porsche if you generate 21,000 imaginary points and stuff like that.

The views and opinions expressed in these articles are those of the source and do not necessarily reflect the official position of ‘Fox on Law,’ which shall not be held liable for any inaccuracies presented. The information provided within this article is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information in this article for any purpose.

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