Manifest FX Review: Unregistered forex trading bot scheme

A fake trading bot company with ties to securities fraud just launched another scheme. Manifest FX, an unregistered forex operation, lists Jimmy Bennett and Josh Felts as co-founders but hides their identities on its official website. Marketing videos on YouTube are the only place their names appear.

Bennett claims to be a British entrepreneur on his personal website. He also claims to have founded Southgate Wealth. A Google search for the company returns four results—two completely unrelated and three that are just Manifest FX spam. His professional history doesn't check out.

That's because Bennett has already been caught committing securities fraud. Around 2015, he was promoting a real estate investment scheme. In October 2020, Bennett launched Simply FX, pitching it as a 40 to 50 percent monthly passive "auto trader." The Financial Conduct Authority shut it down in December 2021. The FCA identified Simply FX as SnapTrade LTD, another shell company Bennett owns. Despite being tied to fraud, SnapTrade LTD remains incorporated—a symptom of how broken UK securities regulation really is.

Manifest FX looks like Simply FX's replacement. Same operator. Same scheme. Different name.

Josh Felts has his own history with trading fraud. After his failed attempt at becoming a religious rapper in 2015, Felts launched a ministry that flopped. He then started pushing MLM trading opportunities. In January 2019, BusinessForHome connected him to Silver Star Live, an unregistered forex bot MLM company.

Silver Star Live's co-founders Hassan Mahmoud and Candace Ross-Mahmoud faced CFTC action in November 2019. Third co-founder David Mayer got hit with a lawsuit in mid 2020. The CFTC alleged Mayer defrauded more than 9,000 clients out of millions of dollars through Silver Star Live and Silver Star Live Software. He settled for a $15.6 million judgment in August 2021.

Felts moved on to Epic Trading, marketing it under the "Paid2Live" brand. While less obviously criminal than Silver Star Live, Epic Trading raised red flags for pyramid scheme characteristics. Felts began promoting Manifest FX in January 2021, though his involvement appears short-lived or overlapping with Epic Trading.

Manifest FX registered its website through an incomplete UK address in December 2020. Bennett and Felts claim to be based in Dubai and Georgia respectively, according to their social media profiles. Bennett setting up shop in Dubai—the MLM scam capital of the world—is a glaring warning sign.

Neither man has legitimate ties to the UK beyond Bennett presumably being a British citizen living abroad. Yet Manifest FX claims to operate out of the UK. The company provides no regulatory oversight, no real leadership information, and no legitimate credentials. Just two men with documented fraud histories launching yet another unregistered trading scheme.

🤖 Quick Answer

What is Manifest FX?
Manifest FX is an unregistered forex trading bot operation that claims to offer automated currency trading services. The company lists Jimmy Bennett and Josh Felts as co-founders but obscures their identities on official channels, revealing names only in YouTube marketing materials. The venture operates without proper regulatory registration.

Who are the founders of Manifest FX?
Manifest FX's co-founders are Jimmy Bennett and Josh Felts, though their identities remain hidden from the company's official website. Bennett presents himself as a British entrepreneur and claims to have founded Southgate Wealth. However, his professional credentials and business history lack verifiable documentation.

What is the connection between Manifest FX and securities fraud?
Jimmy Bennett, listed as a Manifest FX co-founder, has a documented history of securities fraud. Around 2015, he promoted a fraudulent real estate investment scheme

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