Dubai Stocks Review: Trading ruse Ponzi targeting Uganda
Dubai Stocks fails to provide ownership or executive information on their website.
Dubai Stocks’ website domain (“dubaistocks.club”), was privately registered on September 22nd, 2022.
Although it’s likely bogus, Dubai Stocks provides a corporate address in Kampala, Uganda on its website.
Although its website defaults to English, Dubai Stocks’ website currently only provides a Ugandan localization option.
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.
Dubai Stocks’ Products
Dubai Stocks has no retailable products or services.
Affiliates are only able to market Dubai Stocks affiliate membership itself.
Dubai Stocks’ Compensation Plan
Dubai Stocks affiliates invest funds on the promise of a 10% ROI paid in 3 days.
Referral commissions on invested funds are paid down two levels of recruitment (unilevel):
- 10% on level 1 (personally recruited affiliates)
- 2% on level 2
Joining Dubai Stocks
Dubai Stocks affiliate membership appears to be free.
Dubai Stocks Conclusion
Dubai Stocks is a simple Ponzi scheme apparently targeting Ugandans.
As its name suggests, Dubai Stocks’ ruse is forex trading.
We give you an opportunity to earn from trading with us.
We are the most profitable trading company in stocks and forex across the world.
For what should be obvious reasons, Dubai Stocks’ marketing claims fail the Ponzi logic test.
If traders were able to make 10% every three days with consistency, what do they need your money for?
And if Dubai Stocks was indeed “the most profitable trading company … across the world”, again – what do they need your money for?
The answer lies in Dubai Stocks having nothing to do with Dubai or trading. There is no trading, it’s a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Dubai Stocks of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees the majority of participants lose money.
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