EcoTrade Review: Up to 3% a day twin Ponzi reboot
EcoTrade provides no information on its website about who owns or runs the company.
EcoTrade’s website domain (“ecotradeapp.com”) was privately registered on April 1st, 2021.
I came across EcoTrade as part of my research into Speed Finance Club.
These Ponzi schemes are run by the same group of individuals, who are tied to the Tendencia Trading YouTube channel.
These scammers appear to be located across Brazil, the Dominican Republic and Venezuela.
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.
EcoTrade has no retailable products or services.
EcoTrade affiliates are only able to market EcoTrade affiliate membership itself.
EcoTrade’s Compensation Plan
EcoTrade affiliates invest bitcoin on the promise of a daily 0.1% to 3%. daily ROI.
Returns are paid until 200% is reached, after which reinvestment is required to continue earning.
Note that EcoTrade charges a 10% withdrawal fee.
Referral Commissions (unilevel)
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.
EcoTrade caps referral commissions at four unilevel team levels.
Referral commissions are paid out as a percentage of invested funds across these four levels as follows:
- level 1 (personally recruited affiliates) – 6%
- level 2 – 4%
- level 3 – 3%
- level 4 – 2%
Referral Commissions (binary)
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day EcoTrade tallies up new investment volume on both sides of the binary team.
Affiliates are paid 5% of funds invested on their weaker binary team side.
Once paid out on, investment volume is matched against the stronger side and flushed.
Any leftover volume on the stronger binary team side carries over.
Note that leftover volume on the stronger binary team side is reset every six months.
Rank Achievement Bonuses
EcoTrade rewards affiliates for generating downline investment volume with the following Rank Achievement Bonuses:
- Take Profit 1 – generate $300 investment volume on your weaker binary team side and $700 on your stronger side, recruit two affiliates who invest and receive a pin
- Take Profit 2 – generate $4200 investment volume on your weaker binary team side and $9800 on your stronger side, recruit two Take Profit 1 ranked affiliates and receive another pin
- Take Profit 3 – generate $12,600 investment volume on your weaker binary team side and $29,400 on your stronger side, recruit two Take Profit 2 ranked affiliates and receive “an international trip”
- Take Profit 4 – generate $24,000 investment volume on your weaker binary team side and $56,000 on your stronger side, recruit two Take Profit 3 ranked affiliates and receive a MacBook
- Take Profit 5 – generate $51,000 investment volume on your weaker binary team side and $119,000 on your stronger side, recruit two Take Profit 4 ranked affiliates and receive “an international trip for two people”
- Trader – generate $120,000 investment volume on your weaker binary team side and $280,000 on your stronger side, recruit one Take Profit 5 ranked affiliate on your weaker side and two Take Profit ranked affiliates on your stronger side, and receive a “Rolex and diamond ring”
- Professional Trader – generate $300,000 investment volume on your weaker binary team side and $700,000 on your stronger side, recruit six Traders and receive a Porsche Boxter
- Master Trader – generate $750,000 investment volume on your weaker binary team side and $1,750,000 on your stronger side, recruit two Professional Trader ranked affiliates and receive a Corvette C8
- Elite Trader – generate $1,800,000 investment volume on your weaker binary team side and $4,200,000 on your stronger side, recruit two Master Traders on your weaker side and three Master Traders on your stronger side, and receive “a house”, a Mercedes-Benz and an “Elite Trader ring”
Required investment volume appears to be accumulated.
Note that unless explicitly specified, recruited affiliates must be placed equally on both sides of the binary team.
EcoTrade affiliate membership is free.
Full participation in the attached income opportunity requires an undisclosed minimum investment in bitcoin.
EcoTrade is more fleshed out than Speed Finance but at its core is the same 3% a day Ponzi scheme.
There is the suggestion that EcoTrade is involved in trading to generate external revenue, however this is just a ruse.
No evidence of EcoTrade generating external revenue is provided. Not withstanding the other two Ponzi schemes its admin(s) has/have launched.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve EcoTrade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.