Betatraders fails to provide ownership or executive information on its website.

Betatraders’ website domain (“”), was privately registered on December 28th, 2022.

If we look at the source-code of Betatraders’ website, we can see it is copied from the domain “”.

This website domain is currently disabled, but a few weeks ago it was operational as Betatraders’ original website domain:

From this we can conclude the original iteration of Betatraders already collapsed.

It’s worth noting that Betatraders’ website meta keywords targets Nigeria and South Africa.

This suggests Betatraders has ties to Africa but isn’t definitive.

Betatraders has an official YouTube channel, on which it has one video featuring a Fiverr actor:

In an attempt to appear legitimate, Betatraders provides incorporation details for Beta Traders Limited.

Beta Traders Limited is purportedly incorporated in the UK.

An MLM company operating or claiming to operate out of the UK is a red flag.

UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.

As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.

For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.

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.

Betatraders’ Products

Betatraders has no retailable products or services.

Affiliates are only able to market Betatraders affiliate membership itself.

Betatraders’ Compensation Plan

Betatraders affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:

  • invest $50 or more and receive 5% in 24 hours
  • invest $1500 or more and receive 7% in 24 hours
  • invest $3500 or more and receive 10% in 24 hours

The MLM side of Betatraders pays on recruitment of affiliate investors.

Betatraders Affiliate Ranks

There are four affiliate ranks within Betatraders compensation plan.

Along with their respective qualification criteria, they are as follows:

  1. ┬áBeginner – sign up as a Betatraders affiliate
  2. Representative – generate $5000 in downline investment
  3. VIP Representative – generate $10,000 in downline investment
  4. Elite – generate $25,000 in downline investment

Referral Commissions

Betatraders pays referral commissions on invested cryptocurrency down three levels of recruitment (unilevel):

  • Beginners earn 3% on level 1 (personally recruited affiliates), 2% on level 2 and 1% on level 3
  • Representatives earn 5% on level 1, 2% on level 2 and 1% on level 3
  • VIP Representatives earn 7% on level 1, 3% on level 2 and 1% on level 3
  • Elite Representatives earn 10% on level 1, 5% on level 2 and 2% on level 3

Joining Betatraders

Betatraders affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $50 investment.

Betatraders solicits investment in various cryptocurrencies.

Betatraders Conclusion

Betatraders represents it generates external revenue through “artificial intelligence trading”

Beta Traders Limited is an Artificial Intelligence Asset Management Company that uses the advance AI software tools to trade in Forex market to generate income for our investors.

No evidence of Betatraders using external revenue to pay affiliate withdrawals is provided.

Furthermore, Betatraders’ business model fails the Ponzi logic test.

If Betatraders had an AI trading bot capable of generating up to 10% a day on a consistent basis, what do they need your money for?

As it stands, the only verifiable source of revenue entering Betatraders is new investment.

Using new investment to pay affiliate withdrawals would make Betatraders a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Betatraders of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.