Richway GAM is an MLM company that is claiming to have a variety of income opportunities for its members to help them in making a large number of profits. Its website, RichwayGAM.com, states that the mission of the company is to bring prosperity to the lives of the users of the company. However, the company is primarily dependent on the affiliates and offering daily ROIs.
The purpose of this article is to review the various aspects of this company and determine whether it is a good investable opportunity.
What is Richway GAM?
RichwayGAM.com does not provide any information about the owner of the company. It only states that the company was established in 2019. Moreover, the site says that Richway GAM is registered with the regulatory authorities in the UK. However, it does not mention the name of any of such authorities.
Without naming any specific company, RichwayGAM.com claims that a professional asset management company is behind this platform that has years of experience in different types of tradings. The company is claiming to have a comprehensive shared pool of clients who can invest in the form of stocks, real estate, crypto, Forex, and many other such trading options.
Furthermore, Richway GAM is trying to attract more users by promising risk-adjusted returns. This means that the company is trying to present itself as an ideal organization that is capable of providing a huge amount of profits. However, it is important to note that RichwayGAM.com was registered in October 2019. Therefore, there is no proof of the fact that such kind of new platform is actually capable of providing any significant profits.
The analysis of RichwayGAM.com shows that the USA is contributing the highest amount of traffic to the website. The website mentions a corporate address in the UK. However, further research shows that the given incorporation number refers to Richway Global Asset Management that was recently incorporated in 2020. It means the address is unregulated. There is a very high chance that the company is providing a fake address only to seem genuine.
How to Join Richway GAM?
The initial affiliate membership of Richway GAM is free. However, if you want to participate in the income structure of the company, you have to invest at least $20. The company has not put any limit on the maximum amount of money that you can invest in the company. RichwayGAM.com is accepting payments in USD as well as crypto coins.
If you want to make any significant amount of profits from Richway GAM, you will have to invest a large amount of money in this company. However, this kind of platform is not suitable for large investments. The following income structure shows that the company does not have any external source of revenue.
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Income Structure of Richway GAM
The main marketing point of Richway GAM is that the company is promising 2.1% to 3.5% daily ROIs. The website provides the following breakdown of the income structure:
- Affiliates who invest $20 to $499 in the company can generate 2.1% ROI on a daily basis.
- Affiliates who invest $500 to $999 in the company can generate 2.5% ROI on a daily basis.
- Members who invest $1000 to $4999 in the company can generate a 3% ROI on a daily basis.
- Members who invest $5000 to $50,000 in the company can generate 3.5% ROI on a daily basis.
The company has not put any limit on the maximum amount of possible investment. However, it clearly states that the members will be penalized if they choose to withdraw their payments within 45 days. Another noteworthy aspect of the income structure is that RichwayGAM.com does not provide any information about how these daily profits will be distributed among the members. It shows that the company has no interest in providing complete information to the members.
Referral commissions are an essential part of most MLM companies because such commissions allow organizations to rely on their affiliates to promote the platform and attract more users. As a result, Richway GAM is trying to entice users to invest in the company by promising referral commissions on the following three levels:
- Members of level 1 can earn 6% referral commissions.
- Members of Level 2 can earn 2% referral commissions.
- Affiliates of Level 3 can earn 1% referral commissions.
Features of Richway GAM
RichwayGAM.com tries to convince users to invest in the company by making several promises and describing some of the features of the company:
Risk-Free Lifetime Payment
Richway GAM promises lifetime payments as the company is claiming to have a strong income structure. However, such kind of promises is illogical, to say the least, because a newly-established platform like RichwayGAM.com cannot promise income for such a long period of time.
Since the entire business model of the company revolves around daily ROIs, the company is also promising instant withdrawals to attract more members. The site promises that the users will be able to receive the payments and commissions instantly in their private accounts.
In order to present itself as a highly safe and secure platform, Richway GAM is marketing the fact that its website is fully SSL encrypted and has strong DDoS protection to provide quick and secure services. The website also mentions the fact that users can fully rely on this company because it is operating as a legal entity. Yet, there is no proof of the fact that Richway GAM is registered with any regulatory authority.
RichwayGAM.com is claiming that a professional team is running the platform. Yet, the website does not mention the name of any of the members. This clearly shows that the company does not want to disclose the identity of the people behind this organization. As a result, it is quite hard to trust this platform.
Final Verdict About Richway GAM
Even though RichwayGAM is trying to present itself as a highly sophisticated and reliable platform, the truth is that it is like another MLM Ponzi scheme. It claims to be generating external revenue through Forex and crypto trading. However, all of the evidence shows that the company does not have any source of external revenue.
Instead, the company is fully relying on the investment of the users. It is using the investment of the new members to pay the old members. Even if you manage to generate a small amount of daily ROIs, you should not expect to earn massive profits from this platform.
When the affiliate recruitment at RichwayGAM.com stops, the company will collapse due to a lack of funds. As a result, you will end up losing your money. Therefore, you should not waste your money, time, and energy in a Ponzi scheme like RichwayGAM.
Instead, you should consider using the crypto trading bots. You can rely on these bots because they are legal, efficient, and reliable. They have a variety of trading preferences. As a result, both beginners and experts can use these bots for crypto trading and earning a good amount of profits.