MultiTrade Global Review: 3.5% a day insurance fund Ponzi
MultiTrade Global provides no information on its website about who owns or runs the company.
MultiTrade Global appears to operate at least two domains, “multitrade-global.cc” and “multi-trade-global.org”.
Up until very recently the .ORG website was available. Today it returns the following maintenance message:
The .CC website is still available but it’s mostly in Russian.
In an attempt to appear legitimate, MultiTrade Global provides UK incorporation details:
Our team has been trading since 2015. Multitrade Global LTD, as an officially registered legal entity in the UK under the number 13700888, is considered to be established in 2021.
That incorporation number corresponds with MultiTrade Global LTD, incorporated on October 25th, 2021.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
As opposed to the UK, it’s pretty obvious MultiTrade Global has ties to Russia.
In addition to featuring Russian as a website language, MultiTrade Global’s website features an “Alikassa” button.
Alikassa is a Russian payment processor:
MultiTrade’s official YouTube channel is also pretty obvious:
Alexa ranks Russia as the top source of traffic to MultiTrade Global’s .CC website (33%), ahead of Vietnam (18%) and Ukraine (15%).
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.
MultiTrade Global’s Products
MultiTrade Global has no retailable products or services.
Affiliates are only able to market MultiTrade Global affiliate membership itself.
MultiTrade Global’s Compensation Plan
MultiTrade Global affiliates invest funds on the promise of advertised returns.
- Standard – invest $20 to $9900 and receive 1.8% a day for 70 days
- Advanced – invest $10,000 to $24,500 and receive 2.4% a day for 70 days
- Professional – invest $25,000 to $100,000 more and receive 3% a day for 70 days
Note that returns are bumped on second and subsequent investments:
- Standard – second investment pays 2% a day, third and subsequent investments pay 2.3% a day
- Advanced – second investment pays 2.6% a day, third and subsequent investments pay 2.9% a day
- Professional – second investment pays 3.2% a day, third and subsequent investments pay 3.5% a day
MultiTrade Global specify additional qualification criteria for increased ROI rates:
Does the client leave reviews about the platform and is he a subscriber to the official accounts of the platform in social networks?
How closely that’s policed however is unclear.
The MLM side of MultiTrade Global pays on recruitment of affiliate investors.
MultiTrade Global pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 6%
- level 2 – 2%
- level 3 – 1%
If a MultiTrade Global affiliate generates $100,000 in downline investment, referral commission rates are increased as follows:
- level 1 – 10%
- level 2 – 3%
- levels 3 and 4 – 1%
Downline Investment Bonuses
MultiTrade Global rewards affiliates for generating downline investment volume as follows:
- generate $5000 in downline investment volume and receive $50
- generate $20,000 in downline investment volume and receive $200
- generate $50,000 in downline investment volume and receive $500
- generate $100,000 in downline investment volume and receive $1000 plus “possibility to connect an extended affiliate program with increased interest” (higher ROI rates?)
- generate $200,000 in downline investment volume and receive $2500
- generate $500,000 in downline investment volume and receive $6000
Joining MultiTrade Global
MultiTrade Global affiliate membership
MultiTrade Global Conclusion
MultiTrade Global claim they generate external revenue via a
pre-formulated insurance fund, which is replenished each time there is a positive closed trading day.
I don’t know what a “pre-formulated insurance fund” is. Neither does Google.
Doesn’t matter, because it doesn’t exist. MultiTrade Global is a cookie-cutter MLM Ponzi scheme.
MultiTrade Global provides no actual evidence of external revenue generation, and pretends it’s legal based on its basic UK incorporation.
Are the company’s activities legal?
The company’s operations are fully compliant with UK law and comply with all statutory financial rules.
As stated in the introduction of this review, basic incorporation is meaningless. That goes for outside the UK too.
Meanwhile authorities in Russia have already cottoned on MultiTrade Global.
On February 10th the Bank of Russia issued a MultiTrade Global pyramid scheme warning.
The MLM side of MultiTrade Global is very much a pyramid scheme. The daily returns however is a Ponzi model.
This model will see MultiTrade Global able to pay out withdrawals until invested funds are exhausted.
When that happens MultiTrade Global collapses, leaving the majority of participants with a loss.