April 19, 2021

The Seven Figure Formula Review- Riches With Penny Stocks or Scam?

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In the spirit of full transparency, know that The Seven Figure Formula review contains affiliate links. This means if you make a purchase through these links, I may receive a small commission at no extra cost to you. Click here to read my full disclosure policy.

The Seven Figure Formula Review

You’re intelligent enough to know that it’s not easy to turn $100 into millions of dollars.

However, this is something that The Seven Figure Formula claims you can do by using their secret super computer. 

After you read The Seven Figure Formula review you will discover the truth about this system.

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The Seven Figure Formula Review – The Overview and Rankings

  • Name: The Seven Figure Formula
  • Owners: Agora Financial (1 out of 100)- Jonas Elmerraji & Greg Guenthner (15 out of 100)
  • Website URL: pro.sevenfigurenewsletter.biz
  • Type: Penny Stocks Investing 
  • Support: 50 out of 100
  • Success Stories: 0 out of 100
  • Price: Silver $49 a year, Gold $129 a year, Platinum $79 a year
  • Maketimeonline.com Rating: 16 out of 100

Pros and Cons


  • Reasonable price to get started
  • Learn the basics of penny stock investing


  • Terrible reviews
  • Uses “black hat” techniques to pressure you to buy it
  • A system that doesn’t have any proven success rate
  • Agora financial has a poor reputation

What does The Seven Figure Formula do?

The Seven Figure Formula is supposedly a penny stock trading system that anyone can follow. 

As you pay close attention to this page you will see that this formula claims that you can turn a small amount of money into a life-changing sum of money.

Let me ask you this… Have you ever seen “The Wolf of Wall Street”?

Jordan Belfort- The Wolf of Wall Street

Well, this formula is really just piggybacking off the concept of Jordan Belfort’s hit book and film. 

Imagine if you could use their supercomputer, called “factor 148”, to reap the epic rewards. It took them years to perfect it and cost a neat $265,000. 

Sounds interesting right?

But as you read each word of The Seven Figure Formula review you will uncover the truth.

Ready to make passive income online?

Hey, I’m Mike.

I created a passive income online within a year. I had no marketing skills or online experience when I started. 

Mike Beatty

What do You Actually Get?

If you were to join then you would get all of this… 

  1. Monthly Newsletters
  2. Weekly Updates
  3. Monthly Seven Figure Formula Penny Stock Report
  4. Bonus Report – Three chances to double your money 
  5. The Seven Figure Formula, Revealed
  6. The Seven Figure Formula Hotseat
  7. Bonus Report Number 2 – How to trade Seven Figure Formula Penny Stocks

Are you beginning to notice that you would actually just receive a whole lot of random newsletters thrown at you? 

You’re then expected to put the information together yourself. 

And before long you will see that more information does not make a system good! The best systems are simple to follow with step-by-step guidance.

But know that there are many other programs out there that are offering the same stuff. Some of the most notable ones are:

Who Runs The Seven Figure Formula?

It is an “Agora Financial” program. 

I have reviewed other products by them before such as “The rich life letter” and “Cash for patriots program“.

Little by little you will realise that this information overload seems to be a common theme for a program by Agora. Just check out the emails I used to receive when I was part of the “Real Wealth Report”

The Seven Figure Formula Review

Greg Guenthner & Jonas Elmerraji are the people behind the formula.

Greg Guenthner

They have both been featured on Forbes, CNBC and the Wall Street Journal before so they clearly have some credibility.

But if you’re like me then the only thing that matters to you is how well a program works. 

Is The Seven Figure Formula a Scam?

Technically no.

It provides the information it says it will and it has a disclaimer saying…

The question still remains… “does it really work and help you get results like they claim?” 

Is it really possible to make the amount of money they claim you can at the start of the sales video (yes this is actually what it says!)…

In a moment, I’ll show you what to be aware of before purchasing this supposedly money making system. 

In the spirit of full transparency, know that I have not purchased this program myself and I do not endorse it in any way.

I have researched the website, testimonials and information on the Internet to get to the bottom of what this program genuinely does. This is because I have been burnt from programs just like this in the past and I want to prevent others from making the same mistakes! If you’d like to learn more “Ways to Spot an Online Marketing Scam” then click the highlighted text.

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The Seven Figure Formula Red Flags

There are some tell tale signs that this program is more suspicious than Donald Trumps tax returns avoidance. 

Key Terms:

  • Black Hat Methods – Using lies and unethical methods to make someone buy something
  • White Hat Methods – Being honest and genuine to help people make informed decisions about purchases
  • Red Flag – A warning sign

#1 Fake Testimonials

On the website, there are testimonials from people that have never tried penny stocks investing before.

The Seven Figure Formula Testimonial

However, see if you can recognise these people…

These are all stock photo websites (a website where anyone can use these photos).

This begs the question “if this system works so well, why aren’t real people willing to leave testimonials about it?”

#2 Agora Financial

There are a lot of concerns about the legitimacy of Agora Financial.

Just look at the Better Business Bureau to see what other people make of the company.

The Seven Figure Formula BBB Review

You’re intelligent enough to know that a rating of 1.5 stars out of 5 and over 300 complaints don’t bode well for any company.

#3 Number of Complaints – Does it Even Work?

There have been 102 complaints closed last year alone.

Here are some of the things people have said…

The Seven Figure Formula Complaint
The Seven Figure Formula Review

One thing I do want to point out is how Agora Financial does seem to respond to ALL complaints. 

We should give them credit where it’s due as they do seem to refund people too (sometimes not the full amount though). 


However, this doesn’t help the fact that their products clearly suck!

Rather than being reactive and refunding all of these people, why don’t they focus their time and energy on creating honest and good products?!


#4 Black Hat Sales Tactics

The pricing plan is actually a bit of joke…

There’s pretty much no difference between ANY of the plans yet the price difference is huge!

The Seven Figure Formula Pricing Plan

The middle option really stands out… because it’s big and in the middle. 

You basically get the same thing as the silver package (minus one report… plus one bonus report)

The gold plan is the most expensive but it comes with one less report than the silver package… go figure!

You probably know that it’s only there to make the other prices seem better!

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I’ve created a growing passive income online with no marketing skills or online experience… 

I’ve made a special video for you to explain exactly how I did this.

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My Opinion – The Seven Figure Formula

Agora financial throw information at you to make it look like they are doing something.

It actually just makes things very confusing and they don’t use any step by step approach to follow.

It’s the equivalent of saying to someone that’s looking to make money from home… here is a computer!

Stressed at a computer

From my experience, Agora Financial can provide useful pieces of information but a lot of it contradicts itself (because they throw so much information at you!)

There are better ways to make money online to free up your time. In fact, you can see for yourself the success that millions of people have used a proven four-step affiliate marketing process.

If you’re interested in living life on your own terms and retiring early with passive income then it’s completely risk-free to try out.

The Seven Figure Formula Review: The “MakeTimeOnline” Final Word

The farther down this page you read, you’ll start to feel like it is possible to make money online to free up your time. 

It’s proven by so many people all over the world. 

Unfortunately, The Seven Figure Formula is not one of those ways. If you are feeling lucky, I’d recommend buying a lottery ticket instead because at least you won’t waste your time down a rabbit hole.

If you have any questions and I mean any questions about The Seven Figure Formula, please leave them below. And if you have used or currently are a member please also add your review below.

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Mike PE teacher to Passive Income Online

About the Author

Mike Beatty has built a passive income online whilst working as a full-time PE teacher without any marketing or technical experience. Learn more about how he's done it here.

Mike Beatty

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  1. Great info here, it’s nice to know that there are good people out there watching out for these big scams.

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