Has anyone come across people on social media claiming to make money from trading on the stock market? There's a guy on Instagram being promoted constantly by Gaz from Geordie Shore, and when you click on his profile it reeks of MLM. The stupid lifestyle posts, the pictures of cars and designer trainers etc.
He is claiming that he makes his money by getting others to copy his trades and then he takes 1% of his clients' profits. But that can't be right because surely they also make losses?? Maybe there is a sign up fee, or a kick back for recruiting more people. It's sounds too much like an MLM to not be an MLM...