Forsage is a decentralized cryptocurrency and forex MLM founded in 2020, with no central headquarters and a controversial reputation.
They offer a multi-level compensation plan that rewards distributors for personal sales and team building, but they've faced serious issues, including SEC charges for operating as a pyramid scheme.
With a trust score of just 45/100 and $340 million raised from investors, Forsage operates in a high-risk space that potential distributors should approach with caution.
Best for: This might appeal to those who are comfortable with high-risk investments and are good at recruiting. But if you're looking for a stable income or investment, it's best to steer clear.
Forsage has serious legitimacy issues. The SEC has charged it with running a pyramid scheme, which raises big red flags about its practices. With a trust score of only 45 out of 100, it’s wise to tread carefully.
Forsage doesn't sell traditional products like you’d find in many MLMs. Instead, it operates on a blockchain model, focusing on smart contracts and cryptocurrency. This lack of physical products is part of what has drawn scrutiny from regulators.
Potential earnings with Forsage can vary widely, but many people report struggling to make money. The compensation plan includes bonuses for personal sales and team commissions, yet the risk of loss is high, especially since $340 million was raised from investors.
Common complaints about Forsage include claims of it being a scam and concerns over smart contract fraud. Many former participants have expressed frustration about not earning the promised income, while others warn about the high risk of losing money.
Forsage’s compensation plan offers multiple income streams, including retail profit and team commissions. You can earn bonuses based on personal sales volume and leadership ranks, but the structure resembles that of a pyramid scheme, which is problematic.
Joining Forsage requires an investment in cryptocurrency, but exact amounts can vary based on the level you choose. Keep in mind, the initial costs can add up quickly, especially if you want to maximize your earnings potential.
Forsage doesn't have a rating from the Better Business Bureau (BBB). This absence can be a warning sign. It suggests a lack of accountability or a history of complaints, which is concerning for potential members.
Considering Forsage's high risk and troubling background, it may not be worth joining for many people. With regulatory issues and a low trust score, potential members should do thorough research before making any commitments.
If you're looking for alternatives to Forsage, consider more established MLMs that offer physical products, like Amway or Avon. These companies have clearer business models and might have a more reliable earning potential.
Forsage uses a multi-level compensation plan. This means you can earn money from your own sales and from the sales made by people you recruit. It’s kind of like a pyramid, where both your efforts and those of your team count for your earnings.
