iBull Trade Review: Twelve-month ROI crypto mining Ponzi scheme
The iBull Trade website identifies Salvatore Tagliavia, Giuseppe Mancino and Stefano Soldi as co-founders of the company.
Of the three iBull Trade co-founders, Tagliavia appears to be running the show. Tagliavia is based out of Bulgaria, which is presumably where iBull Trade is operated from.
The iBull Trade website states the company
began in 2009 when with some entrepreneurs and who were investing in cryptocurrencies.
After a while, they found a way in which they could to create a more stable management of income lasting over time but always very profitable.
So a few years later, precisely in 2011, with the contribution of the European Community and the Norwegian Government that financed the project, we started work on the construction of our first Mining Farm near Oslo.
Since 2013, the project has been merged under the direct and exclusive guidance of EcoTrade13.
To be clear, iBull Trade itself didn’t exist until late 2017.
On his social media profiles Salvatore Tagliavia (right) cites himself as the sole founder and owner of EcoTrade13.
EcoTrade13 doesn’t appear to have a web presence, casting doubt on iBull Trade’s backstory.
For what it’s worth Tagliavia’s LinkedIn profile suggests EcoTrade13 launched on or around 2013.
In 2014 Tagliavia was promoting Olympic Idea, which he claims he is also the founder of on Twitter.
Olympic Idea is a marketing tool MLM opportunity that appears to have rebranded as Our Global Idea at some point.
Alexa traffic estimates for the Our Global Idea website suggest nothing much is happening for the company outside of Greece (99.5% of total website traffic). Whether Tagliavia is still involved with the company is unclear.
Read on for a full review of the iBull Trade MLM opportunity.
iBull Trade Products
iBull Trade has no retailable products or services, with affiliates only able to market iBull Trade affiliate membership itself.
The iBull Trade Compensation Plan
iBull Trade affiliates invest funds on the promise of an advertised twelve month ROI.
- Basic – invest €1000 to €4999 EUR and receive a 132% ROI
- Standard – invest €5000 to €9999 EUR and receive a 192% ROI
- VIP – invest €10,000 to €20,000 EUR and receive a 240% ROI
Referral Commissions
iBull Trade pay referral commissions on new investment down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- levels 2 – 5%
Rank Bonus
Based on rank qualification criteria, iBull Trade affiliates are able to earn a bonus percentage on the first two levels of their unilevel team.
- Junior Manager – personally recruit fifteen or more affiliates who together invest at least €500,000 EUR and receive a bonus 1% rate
- Senior Manager – personally recruit thirty or more affiliates who together invest at least €750,000 EUR and receive a bonus 1.25% rate
- Top Manager – personally recruit fifty or more affiliates who together invest at least €1,000,000 EUR and receive a bonus 1.5% rate
Note that the Rank Bonus isn’t paid on personally recruited affiliates (and level 2) once they reach the same rank as the qualifying affiliate.
E.g. If you are a Senior Manager and a personally recruited affiliate also qualifies as a Senior Manager, you won’t receive the 1.25% bonus on that affiliate and level 2 below them.
The 1.25% bonus on the remaining personally recruited affiliates (and level 2 below them) remains unchanged.
Joining iBull Trade
iBull Trade affiliate membership is tied to a minimum €1000 EUR investment.
Conclusion
Despite the name, iBull Trade has nothing to do with trading. Instead the company claims to generate external ROI revenue through cryptocurrency mining.
We are located not far from Oslo, Norway, chosen location to take advantage of the huge advantage of large and frequent wind currents, which feed our wind power plants.
iBull Trade claims to mine 38 altcoins, however no evidence of mining is provided.
This ties into the presented story of EcoTrade13, of which there is suspiciously no information available.
Based on marketing copy presented on the iBull Trade website, it certainly doesn’t sound as if crypto mining if funding affiliate ROI payments.
Your investments are always guaranteed. You will be paid directly in Euro currency.
The fact of the matter is if Salvatore Tagliavia was able to legitimately and consistently generate an annual 240% ROI through EcoTrade13, why would he be soliciting investment from randoms over the internet?
And bear in mind, Tagliavia claims to have been running EcoTrade13 since at least 2013.
As it stands the only verifiable source of revenue entering iBull Trade is new affiliate investment, the use of which to pay existing affiliates a ROI makes iBull Trade a Ponzi scheme.
When affiliate recruitment dies down so too will new investment, starving iBull Trade of ROI revenue.
Once whatever is invested runs out (perhaps offset by a token amount of speculative mining), iBull Trade collapses.
Owing to the twelve month maturity period of iBull Trade’s investment plans, Tagliavia has plenty of time to orchestrate an exit-scam. Which sadly none of his investors are likely to see coming until it’s too late.
Not withstanding the math behind Ponzi schemes guarantees that the majority of investors lose money.
I have to disagree with you. I have been into the project for a quite few months now, almost doubled up my initial invested capital.
It has to do with crypto currencies mining. They are expert when it comes to crypto world and its assets.
They offer the mining hash power rent product for 12 months to their clients with monthly payment in fiat currencies or if preferred, also to do the compounding interests.
Juridically it is not an investment as it is not ranked in the investments category yet.
The affiliation plan is what interested me the most, easy and logical to understand truly.
So far, it has never disappointed me and showed its punctuality on payments, creating account.
It has also a professional look when it comes to back-office and account.
Before proceeding with depositing money and accessing to the renting service, the client is required to verify his identity through id and proof of address and bank account where to receive the profit to.
I don’t consider it as a Ponzi Scheme as there is actually a money generator, unlike what most of the Ponzi scheme makes us believe.
Hope this article helped you all have a general overview about this great opportunity.
Mark Belway
A Ponzi scammer has no problem with Ponzi scamming? I’m shocked. No, really.
Prove it with audited third party accounting or stop regurgitating lies.
My moron meter just exploded.
I have been into iBull Trade for a while now and to me has nothing to do with Ponzi scheme.
Everyone is free to share or post anything they want unless they have proofs to state so.
There is a huge difference between Ponzi scheme or actually a serious project, which is what Ibull trade seems to be to me.
It is international and I am not the only one who thinks so.
You should have more proofs to say so and make what you say truthfully, otherwise you are not doing nothing but being a hater and nothing better to do.
Have a good day.
iBull Trade and yourself claim to generate external ROI revenue. Yet you are unable to provide any evidence of external ROI revenue being generated and used to pay affiliates.
The burden of proof is on the party making a claim, as a negative cannot be proven.
Instead of providing evidence of external ROI revenue though, you trot out Ponzi cliches like “hater” and “serious project”. You forgot one, “trusted admin”.
Conclusion: iBull Trade is a Ponzi scheme.