Epic Trading has received a pyramid scheme warning from the Philippines.

As per the
Philippine SEC’s 19th January notice
;

What makes EPIC TRADING appealing to the public is not the business of foreign exchange but the chance to earn weekly and monthly referral fees from recruitment of up to $1,000,000.00.

An IBO is entitled to receive income in accordance with the EPIC Compensation Plan, which is basically a typical pyramiding cum Ponzi scheme i.e. the more recruits, the higher the compensation.

BehindMLM
reviewed Epic Trading
in September 2020. We identified disclosure issues and the potential for pyramid recruitment.

It’s pretty obvious that Epic Trading’s compensation plan was written with affiliate recruitment in mind.

One thing we cleared Epic Trading of is securities fraud, by way of the company not soliciting investment or providing automated returns of any kind.

The Philippine SEC, presumably as a precautionary measure, slap Epic Trading with an additional securities fraud warning.

The public is hereby informed that EPIC TRADING is NOT registered as a corporation nor as a partnership.

EPIC TRADING is likewise not authorized to offer, solicit, sell or distribute any investment/securities to the public.

The public is cautioned that any offer or promise of ridiculous rates of return with little or no risk similar to what EPIC TRADING is offering is an indication of a possible Ponzi Scheme where returns to early investors are likely to be paid out from the investments of new investors and not out of the companies’ profits similar to those already flagged by the Commission as scams.

Epic Trading’s website traffic appears to have been in decline for most of 2021.

Alexa currently ranks the US as the only notable source of traffic (83%).

🤖 Quick Answer

What warning did Epic Trading receive from the Philippines?
Epic Trading received a pyramid scheme warning from the Philippine SEC on January 19th. The regulatory body determined that the company's compensation plan prioritizes recruitment-based income over legitimate forex trading, operating as a pyramiding and Ponzi scheme where earnings depend primarily on recruiting new members rather than actual trading profits.

What are the main concerns about Epic Trading's business model?
The primary concern is Epic Trading's compensation structure, which offers weekly and monthly referral fees up to $1,000,000 for recruiting participants. This income generation mechanism, not legitimate foreign exchange trading, constitutes the primary appeal to the public, creating an unsustainable pyramid structure dependent on continuous recruitment.

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