Is Kangot a Scam?

If you are asking yourself, is Kangot a Scam? Then you are in the right place. Kangot is one of the newer money making schemes making rounds on the internet and is getting a bit of attention. We have conducted a decent amount of research into whether it’s a worthwhile opportunity.

In this Kangot review, I will be sharing all the details around what I found, and let you know whether it is a legitimate way to make money or a scam that you must avoid.


Kangot Review Summary

Kangot is essentially an MLM (multilevel marketing company) operating under the guise of a trading company. They entice prospective investors with claims of unrealistically high returns of investment. They then do the bait and switch in which you don’t get the promised return and are then encouraged to recruit more people and invest more of your money in the hopes of ascending through the ranks and making money from the pyramid of people under you.

The returns on the MLM side of the business are also capped between 200% and 300%, making the company even less attractive as a MLM.

If you are looking for a legitimate way to invest your money, this is not it and there is a high chance of losing your money if you invest. There are better and more sustainable ways of making money online.

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What Is Kangot

Kangot is a company offering members the opportunity to trading.

According to the official website:

“We are an automated trading system that allows you to invest and earn a return on investment of .5% to 3% daily and that’s not all! By leveraging the power of network marketing, we’ll help you create a very profitable business for yourself.”

They say that the company is diversified through high performance traders who trade in various financial markets, allowing you to earn passive income while their traders do the work for you.

The company was founded by Roberto X. Gonzales, who is also its CEO. Roberto has a history in other MLMs. He was a VP Sales at Herbalife, another MLM we have written about, as well as previously being CEO in another MLM, Club Orenda which collapsed in 2018.

The most prominently marketed part of their business is a referral program which allows you to earn increasing amounts of money based on how many people you recruit into the system.


How Kangot Works

To sign up to Kangot, you have to be referred by someone (referred to as a sponsor). You can access the website automatically through searches but before you complete the registration process, you will have to enter a sponsor code.

If someone referred you through a link, the code will automatically be entered and to complete the signup you must enter your personal information.

Once you are signed in, you are taken o the dashboard that shows you all the packages that members can buy.

The packages start at $100 and go all the way up to $50,000.

The promise is that when you buy a package, you will earn a multiple of your investment depending on the class it is in.

The are two classes in which you can invest. These investments to between $100 and $500, you are meant to earn a return of 200% For investments from $1000 and above, the expected return is 300%.

According to Kangot the trading is done by astute traders and all you have to do is sit back and wait for the investment to mature.

“Kangot also has a KYC (Know Your Customer) process. This means that you will have to furnish personal verification information like your ID, photos of you, and other real world personal information. Without the KYC, investors are not able to execute any withdrawals from the platform.”


How Do You Make Money With Kangot?

The business model is right out of the MLM handbook. Take the investor’s real world money, and give them points in exchange. Then make the primary focus on the investor recruiting more people into the network.

The primary way to make money with Kangot is the MLM side of the business which they call the Rewards Plan. The plan has 10 ranks, from Bronze to Crown. To qualify for each rank, you have to make a designated number of points i.e. your group must spend the equivalent amount in dollars (500 points = 500 dollars). You also have to have sponsored recruits from specific levels to qualify for higher levels.

The qualification requirements are set out as follows:

  • Bronze 500 points accumulated – $0 payout
  • Silver 1,200 points accumulated – $50 payout
  • Gold 7,000 points accumulated – $100 payout
  • Sapphire 35,000 points accumulated – $500 payout (Personal sponsored Silver each leg)
  • Ruby 25,000 points accumulated – $1,200 payout (Personal sponsored Gold each leg)
  • Emerald 150,000 points accumulated – $2,500 payout (Personal sponsored Sapphire each leg)
  • Diamond 500,000 points accumulated – $10,000 payout (Personal sponsored Ruby each leg)
  • Blue Diamond 500 points accumulated – $50 payout (Personal sponsored Emerald each leg)
  • Black Diamond 500 points accumulated – $50 payout (Personal sponsored Diamond each leg)
  • Crown 15,000,000 points accumulated – $200,000 payout (Personal sponsored Blue Diamond each leg)

Kangot also takes 2% of all of the money invested and pools it into a global participation pool. If you are at the highest level, you are eligible for earning a bonus from the pool each year.

Kangot Global Participation Pool

Kangot also takes 2% of all of the money invested and pools it into a global participation pool. If you are at the highest level, you are eligible for earning a bonus from the pool each year.

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Red Flags

Unrealistic Returns – The returns that are offered by Kangot are not returns that you can expect to achieve realistically. More often than not, these types of returns are used to bait people who are gullible into jumping into the program. This is an easy tell as a lot of ponzi schemes use this tactic and it is very effective. As the old saying goes, if it seems too good to be true, it usually is.

Less than a year old – This company has only been around since September 2019 and they are offering unbelievable returns that well-established programs can’t even come close to. Being new does not automatically signal fraudulence, but it is a warning side. Ponzi schemes never operate for long. The take people’s money until the scheme commences, and then rinse a and repeat the process under a different name.

Unclear Direction – Kangot is claiming to be in too many different sectors. On their website the cite expertise in Forex, Crypto, Blockchain, Tourism, Marketing, and more. Some of these things unrelated although they make them seem they are. It seems like they are just casting as wide a net as possible with terms that are popular in the hopes of catching hopefuls. If you have done either forex or crypto currency, you know that trading of those two things are completely separate. Marketing efforts like the one displayed here are common in scams where they are targeting people who don’t know much about the buzz words being thrown around and get tricked into making rash decisions because of the hype.

Points Based Investment – If you are asked to give cash for points, you should take a step back and be suspicious. This practice is a clever psychological trick of dissociating the investor’s mind from money and putting something made up in its place to make it appear as though they receive something when they receive nothing. Look at any other established market and exchange. In the financial markets, you put in money and you trade money (e.g. dollars for dollars). In Cryptocurrency exchanges, you invest cryptocurrency like Bitcoin and your investment is in Bitcoin. Same thing if you put your money in a bank.


The Upside

The only upside to Kangot is that if you are one of those people who specialize in MLMs and ponzis, this is another one you can add to your list of products peddle. Their platform is designed well enough that it is intuitive to use and looks professional.

Cons

Capped Returns – Even though MLM is a sketchy business more often than not, some people go into them knowingly because they offer unlimited possible returns. The 200% cap that Kangot imposes makes it unattractive even as a MLM. What is the point of doing all that work recruiting only to make 2x your investment and the rest of the money after that going to Kangot?


Is Kangot a Scam?

Kangot is definitely a ponzi scheme and not worth investing your money in at all. There is no actually value in the system at all. This is unlike other MLMs which at least have some kind of product that you can use or sell.

With Kangot, once you invest your money and the company stops, you have nothing left. And the fact that they are not regulated means that you have nobody to report the issue once you lose your money.

My recommendation is to avoid a company like this. There are better and legitimate ways to make money online in a sustainable way.


What Is A Better Way To Make Money?

If you’re looking for a legitimate way to make money online and from home, you should check out My #1 Recommendation.

That’s where I learned how to make more money than I did while working full-time and was able to quit my job.

They have training tools that are catered for beginners and a community of members that are knowledgeable and very helpful. Best of all, the first level of training there is FREE and you can understand how online business works before having to pay a cent.

It’s by far the best place to learn how to make money online and you should give it a look.


What have your experiences been with Kangot? If you have your own story to share, good or bad, or have any questions about the program, let me know the comments below.

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