LeoTrade Review: Monthly returns bitcoin Ponzi scheme
LeoTrade provides no information on its website about who owns or runs the company.
LeoTrade’s website domain (“leotradeltd.com”) was privately registered on February 24th, 2021.
Despite only existing for about a month, LeoTrade falsely claims that it has “More than 2 Years in Business” [sic].
LeoTrade provides a corporate address in the US state of California on its website.
Given LeoTrade’s website was registered through a European registrar, the company is unlikely to have any ties to the US.
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.
LeoTrade has no retailable products or services, with affiliates only able to market LeoTrade affiliate membership itself.
LeoTrade’s Compensation Plan
LeoTrade affiliates invest bitcoin on the promise of advertised returns:
- Classic – invest $300 to $9999 worth of BTC and receive a 121% monthly ROI
- Platinum – invest $10,000 to $49,999 worth of BTC and receive a 124% monthly ROI
- Gold – invest $50,000 to $1,000,000 worth of BTC and receive a 130% monthly ROI
LeoTrade pays commissions down two levels of recruitment (unilevel):
- on personally recruited affiliates you earn 5% of their initial investment, generated trading fees and reinvestment
- you also earn 5% of commissions earned by affiliates you’ve personally recruited (generated by their downline)
Trading fees are not disclosed on LeoTrade’s website.
Note that investment is required to participate in LeoTrade’s MLM opportunity.
LeoTrade affiliate membership is tied to a minimum $300 investment.
Note that all payments within LeoTrade are made in bitcoin.
LeoTrade represents it generates external revenue via “trading gold, cryptocurrencies and stock exchanges”.
No evidence of trading is provided. Nor is there any evidence of LeoTrade using external revenue of any kind to pay affiliate withdrawals.
You can open a free account with us, and invest to start earning ROI.
Put your money at work and allows us to the work.
Grammatical errors aside, the above is taken from LeoTrade’s website and is acknowledgement of a passive investment opportunity.
This is a securities offering, requiring registration with financial regulators.
If one were to take LeoTrade’s representation its based out of the US at face value (which you absolutely shouldn’t), this would require registration with the SEC.
LeoTrade is not registered with the SEC, or indeed any financial regulator anywhere in the world.
This means that at a minimum LeoTrade is committing securities fraud.
As it stands the only verifiable source of revenue entering LeoTrade is new investment.
Using new investment to pay monthly returns makes LeoTrade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve LeoTrade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.