BullTrades Review: AI trading bot ruse Ponzi scheme
BullTrades fails to provide ownership or executive information on its website.
BullTrades’ website domain (“bulltrades.ai”), was privately registered on August 18th, 2023.
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.
BullTrades’ Products
BullTrades has no retailable products or services.
Affiliates are only able to market BullTrades affiliate membership itself.
BullTrades’ Compensation Plan
BullTrades affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised returns:
- Bull Standard – invest $350 to $2550 and receive 1.6% each weekday for 90 days
- Bull Premium – invest $2550 to $9500 and receive 2.4% each weekday for 90 days
- Bull Pro – invest $9500 or more and receive 3% each weekday for 90 days
- Bull Compound – invest $1000 or more and receive 1.6% each weekday for 180 days (no withdrawals till after 180 days)
BullTrades pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
BullTrades caps payable unilevel team levels at six.
Referral commissions are paid as a percentage of cryptocurrency invested across these six levels as follows:
- level 1 (personally recruited affiliates) – 6%
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
- level 5 – 1%
- level 6 – 0.7%
Joining BullTrades
BullTrades affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $350 investment.
BullTrades solicits investment in various cryptocurrencies.
BullTrades Conclusion
BullTrades represents it generates external revenue via an AI trading bot:
At Bull***** [sic], we have harnessed the power of Artificial Intelligence (AI) to redefine the way forex trading is approached and executed.
No verifiable evidence of BullTrades having an AI trading bot or paying withdrawals with trading revenue is provided.
Furthermore, BullTrades’ business model fails the Ponzi logic test.
If BullTrades already has an AI trading bot generating 3% a day on a consistent basis, what do they need your money for?
As it stands, the only verifiable source of revenue entering BullTrades is new investment.
Using new investment to pay affiliate withdrawals would make BullTrades a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BullTrades of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.