Active Coin Trade Review: 15% a day trading Ponzi scheme
Active Coin Trade provides no reliable information on its website about who owns or runs the company.
Provided executive profiles consist of fake names and stolen photos:
Active Coin Trade’s website domain (“activecointrade.com”) was privately registered on November 14th, 2019.
Despite only recently launching, Active Coin Trade falsely claims it was “founded in 2013 in United Kingdom [sic]”.
In an attempt to appear legitimate, Active Coin Trade’s website links to the UK incorporation of “Ebico Investment & Trade Limited”.
Ebico Investment & Trade Limited was incorporated in December 2016. The incorporation was dissolved in March 2020.
Presumably the incorporation had nothing to do with Active Coin Trade.
And in any case, UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Active Coin Trade’s Products
Active Coin Trade has no retailable products or services, with affiliates only able to market Active Coin Trade affiliate membership itself.
Active Coin Trade’s Compensation Plan
Active Coin Trade affiliates invest funds on the promise of advertised returns.
- Basic – invest $300 or more and receive 135% over 7 days
- Standard – invest $500 or more and receive 150% over 30 days
- Professional – invest $2500 to $7500 and receive a 3% to 9% daily return “forever”
- VIP – invest $10,000 or more and receive a 300% return over 30 days
Active Coin Trade pays referral commissions on invested funds down two levels of recruitment (unilevel):
- 8% on level 1
- 5% on level 2
Joining Active Coin Trade
Active Coin Trade affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $300 initial investment.
Conclusion
Active Coin Trade claims it’s “the brokerage arm of mega-bank Cooperative bank”.
Naturally the bank isn’t named.
With respect to external ROI revenue, Active Coin Trade again claims to be engaged in “online trading, investment choices (and) powerful trading platforms”.
No evidence of any of these activities taking place is provided. Nor is there any evidence of Active Coin Trade having any source of revenue other than new investment.
Furthermore Active Coin Trade’s business model fails the Ponzi logic test.
If Active Coin Trade’s anonymous owners were able to generate 15% a day, what do they need your money for?
Remember, Active Coin Trade claims to have been around since 2013. 15% a day compounded for seven years makes Jeff Bezos’ fortune look like chump change.
At the end of the day, using newly invested funds to pay existing affiliates a return makes Active Coin Trade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Active Coin Trade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
I think it is named. Since they’re pretending to be a British company, I think they’re pathetically pretending to be part of The Co-operative Bank: co-operativebank.co.uk (they can’t even get the spelling right, and it’s hardly a mega-bank).
That’s not the only pathetic thing about them. The bit where they claim this association, on the About Us page, is very strange, not something any financial institution would write about itself, and includes mysterious mentions of something called “Wells”.
That little mystery is explained by the fact that the whole “Activecoin Trade at a Glance” section is copied from a third-party review of the affiliated brokerage of a different, American, bank, Wells Fargo (which is a mega-bank):
bankrate.com/investing/brokerage-reviews/wellstrade/
In a few places, they’ve forgotten to replace “Wells” with “Cooperative Bank”, and “WellsTrade” with their own name. Even if they hadn’t overlooked that, it still wouldn’t make any sense.
I’m sure there are plenty of other such howlers to be found on their site, but why bother?
I didn’t know The Co-operative Bank was a thing. That it was copypasta scamspeak.
I think my favorite part is “Legit Investment Online” under their logo.
Because every legit investment feels the need to proclaim themselves to be so in so many words, right?
That’s why I do all my banking at the place with the sign out in front that says “We Won’t Steal Your Money!” Lets me sleep easy…
I suppose there is a certain irony in the fact that the Co-operative Bank was set up almost 150 years ago to be what so many MLM owners pretend they want to create: a business where all the profits flow back to the customers, since the account holders were also the shareholders (albeit indirectly, through membership of other cooperative societies).
That’s something that has often struck me: if one took the self-presentation of many MLMs seriously, what they really should be doing is setting up cooperative companies, not MLM schemes.
What’s more, a proper legal framework for such things exists in a lot of European countries. Unlike for MLMs, the legal status of whose participants is always problematic.
I was victimized by this people and made me believe that I earned that $36,000 from a deposit i made of Us$150 after 24 hours.
Tried to withdraw some of that money and I was said from the support that i need to pay Us$750 for a global tax and need to send a bitcoin to an address that they provided.
It was sounds so strange to me so i checked online and researched about This ACTIVE ONE TRADING. And found your review.
That has to be some strong magic right there if anyone would think they and many others would be able to withdraw that from such a small spend.