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Manifest FX provides no information on its website regarding who owns or operates the firm.

Marketing films on what seems to be an official Manifest FX YouTube channel claim Jimmy Bennett and Josh Felts as co-founders of the firm.

I could not determine whether Jimmy Bennett had a background in multi-level marketing.

Bennett portrays himself as a “British entrepreneur” on his website.

Bennett is listed as the founder of Southgate Wealth on the marketing slide above. A search on Google for “Southgate riches” Bennett” yields four results. Two are unrelated, while the remaining three are Manifest FX spam.

This casts doubt on Jimmy Bennett’s professional career.

Josh Felts founded his own ministry in 2015 after attempting to establish himself as a religious rapper.

That failed, and Felts began promoting MLM trading opportunities.

In January 2019, BusinessForHome announced a partnership with Silver Star Live.

Silver Star Live was a forex bot multi-level marketing enterprise that failed to register with US authorities.

The CFTC went after Silver Star Live co-founders Hassan Mahmoud and Candace Ross-Mahmoud in November 2019.

The CFTC launched a lawsuit against Silver Star Live’s third co-founder, David Mayer, in mid-2020.

The CFTC said in its case that Mayer scammed “over 9000 customers out of millions of dollars” using Silver Star Live and Silver Star Live Software.

Mayer received a $15.6 million judgment in August 2021.

Felts had already moved on to Epic Trading, which he advertised under the “Paid2Live” moniker.

Although Epic Trading was not as malicious as Silver Star Live, we still had worries about pyramid schemes.

I discovered Manifest FX marketing in January 2021. This shows that Felt’s time marketing the firm was brief (or he managed both for a while).

In December 2020, Manifest FX’s website was registered using an invalid UK address.

According to their social media profiles, Jimmy Bennett and Josh Felts are based in Dubai and the US state of Georgia, respectively.

Bennett’s decision to base himself in Dubai, the world’s MLM fraud capital, is an immediate red flag.

Despite having no links to the UK, other than Bennett, who is probably a UK citizen residing overseas, Manifest FX claims to be based in Chichester.

Stay tuned for an in-depth examination of Manifest FX’s MLM potential.

Products by Manifest FX

Manifest FX does not provide any retailable items or services.

Affiliates can only promote the Manifest FX affiliate membership.

Although Manifest FX sells branded clothes, this has nothing to do with their MLM opportunity.

The Compensation Plan of Manifest FX

Affiliates of Manifest FX can purchase access to a forex bot for automatic trading.

  • $1 License – costs $1 per month and offers access to “AI trading software,” with Manifest FX keeping 60% of profits;
  • Platinum Elite – costs $849 and decreases the Manifest FX price by 25%;
  • Royalty – costs $1299 and includes access to three trading bots as well as a 25% Manifest FX fee;
  • The CEO Club – costs $4999 and includes access to three trading bots as well as the removal of the Manifest FX fee.

The MLM part of Manifest FX pays for affiliate recruiting.

Commissions for Direct Recruitment

Manifest FX affiliates are compensated for affiliate recruitment:

  • Earn $100 for recruiting a Platinum Elite affiliate;
  • Earn $140 for referring a Royalty affiliate;
  • Earn $200 for referring a CEO Club affiliate.

It is worth noting that Manifest FX’s compensation scheme specifies monthly membership payment alternatives. These are not included on the Manifest FX website.

In any case, if they become available again, the sums described above are paid out at 50%.

Commissions on Recurring Sales

Manifest FX pays residual commissions as a proportion of monies spent by recruited affiliates each month.

This probably only pertains to monthly affiliate subscriptions, but this isn’t stated explicitly in Manifest FX’s compensation literature.

Manifest FX provides residual commissions down two recruitment levels (uni-level):

Platinum Elites get 15% royalty every month, while The CEO Club affiliates earn 20%;

On level 2, all affiliates receive 5%. (affiliates recruited by those you recruit).

Pool of Global Bosses

Manifest FX contributes 3% of company-wide affiliate fee earnings to the Global Bosses Pool.

When Manifest FX affiliates recruit ten affiliates in a month, they are eligible for a portion of the Global Bosses Pool.

Although it has not been confirmed, I assume Global Bosses Pool qualifying is refreshed on a monthly basis.

Bonus for Recruiting

Manifest FX offers the following benefits to affiliates who recruit:

  • Bring in 25 active affiliates, and you’ll get an AirPod Pro;
  • Receive a MacBook Pro for recruiting 50 active affiliates;
  • Get an iMac or $2500 if you acquire 100 associates with active membership;
  • Get a “$5000 shopping spree” if you recruit 250 active affiliates.
  • Receive a Rolex watch for recruiting 500 active affiliates;
  • Get a “7 Star hotel Dubai trip of a lifetime” or $10,000 if you acquire 1000 affiliates with active membership;
  • Receive a Mercedes G Wagon or Range Rover if you recruit 2500 active affiliates, or a Lamborghini Huracan Evo or a Ferrari Portofino if you recruit 5000 active affiliates.

Joining Manifest FX 

Manifest FX affiliate memberships range in price from $1 to $4999:

  • $1.00 License – $1.00 per month;
  • $849 for Platinum Elite;
  • $1299 for royalties;
  • The CEO Club costs $4999.

The compensation scheme at Manifest FX mentions monthly fee alternatives for Platinum Elite and above. The company’s website does not provide any information.

Manifest FX supports payment in bitcoin and USD.

Conclusion 

Manifest FX builds on what Josh Felts learned at Silver Star Live. This raises the same regulatory problems.

Manifest FX is committing securities fraud by giving affiliates access to a passive trading bot.

Because they purportedly promise returns through forex, Manifest FX and its founders must also register with the CFTC.

Manifest FX, Jimmy Bennett, and Josh Felts were not registered with the SEC or CFTC at the time of publishing.

By neglecting to register with US regulators, Manifest FX is putting itself at risk of the same fraud allegations that Silver Star Live faced.

Secondary regulatory issues arise as a result of Manifest FX’s failure to provide consumers with any information on its trading bots.

This might violate the FTC Act (disclosures and deceptive marketing).

Manifest FX appears to be aware that it is operating unlawfully, as seen by the following pseudo-compliance on its website:

This website’s content is not intended for residents of the United States.

This is unmistakable deception. In addition to Josh Felts, three of the five Manifest FX “team members” are US citizens.

Meanwhile, a social media search finds a plethora of Manifest FX marketers with American accents.

Bennett appeared in a Manifest FX Marketing video titled “MANIFEST E-COMMERCE LAUNCH” in October 2021.

Manifest E-commerce looks to be a training program for Amazon dropshipping.

This means that Manifest FX’s trading bot potential isn’t working so well.

Surprisingly, I couldn’t locate any further information on Manifest E-commerce. It does not appear to have moved.

Finally, if Manifest FX’s marketing promises were true, they would register with US regulators and furnish investors with required audits.

Failure to do so is not only unlawful, as we saw with Silver Star Live, but it also allows Manifest FX to operate illegally. Both in terms of its business strategy and claims concerning its trading bots.

The bulk of Silver Star Live affiliates was in the red. Manifest FX, which is effectively a clone of the firm by a former promoter, will play out the same.

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