MTI Trading International Review: Mirror Trading knock-off
MTI Trading International provides no information on its website about who owns or runs the company.
MTI Trading International’s website domain (“mtitradinginternational.com”) was privately registered on June 9th, 2020.
Despite only coming into existence a few months ago, MTI Trading International falsely claims it has been around since 2016.
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.
MTI Trading International’s Products
MTI Trading International has no retailable products or services, with affiliates only able to market MTI Trading International affiliate membership itself.
MTI Trading International’s Compensation Plan
MTI Trading International affiliates invest funds on the promise of advertised returns.
- invest $20 to $500 and receive 110% over 10 days
- invest $501 to $5000 and receive 115% over 10 days
- invest $5001 to $200,000 and receive 120% over 10 days
MTI Trading International pays referral commissions on invested funds down three levels of recruitment (unilevel):
- 5% on level 1 (personally recruited affiliates)
- 2% on level 2
- 1% on level 3
Representative affiliates earn increased referral commissions as follows:
- 10% on level 1
- 3% on level 2
- 2% on level 3
Specific Representative qualification criteria is not provided.
Joining MTI Trading International
MTI Trading International affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum $20 investment.
Note that MTI Trading International’s website FAQ states the “minimum deposit is $500”.
Things must be bleak in some quarters if we’ve got Ponzi schemes ripping off Ponzi schemes.
From the name to claiming to be “headquartered in South Africa in 2016”, MTI Trading International is obviously borrowing from Mirror Trading International.
Mirror Trading International is a Ponzi scheme launched last year. It’s headed up by Johann Steynberg, who operates out of South Africa.
Note that MTI Trading International seems to be a bit confused about their fake origin, as the company also states it
is officially registered in 2012 and its activities extend to the territory of England and Wales and beyond.
MTI Trading International amusingly attempts to support this claim by providing a blank UK incorporation certificate, dated April 2012.
Differentiating itself from Mirror Trading International, MTI Trading International claims to generate external revenue via cryptocurrency trading.
Like Mirror Trading International, no evidence of trading or external revenue being used to pay withdrawals is provided.
That leaves new investment as MTI Trading International’s only verifiable source of revenue.
Using new investment to pay advertised returns makes MTI Trading International a Ponzi scheme.
As with all MLM Ponzi schemes, when affiliate recruitment slows down so too will new investment.
This will starve MTI Trading International of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.