Next Level Trade Review: Beurax Ponzi scammers return
Next Level Trade fails to provide verifiable ownership or executive information on its website.
Next Level Trade presents “Ethan Vinson” as its CEO:
Ethan Vinson of course doesn’t exist. He’s a Boris CEO played by Russian actor Alexey Ignatiev (Алексей Игнатьев).
BehindMLM previously came across Ignatiev playing “Brandon Watts”, a fictional executive in Beurax:
Beurax was a 2020 Boris CEO Ponzi scheme. The scam collapsed shortly after BehindMLM outed Watts as an actor in early 2021.
Like Beurax, Next Level Trade falsely represents it is based out of Australia. This is done through NextLevelTrade Pty Ltd, an Australian registered shell company.
Next Level Trade also presents potential investors with a Prudential Financial insurance contract:
Bogus investment contracts are another marketing ploy typical of Boris CEO Ponzi schemes.
Boris CEO Ponzi schemes are typically run by eastern European scammers (Russia/Ukraine):
Next Level Trade’s website domain (“nlt.ltd”), was registered in October 2023. The private registration was last updated on September 28th, 2024.
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.
Next Level Trade’s Products
Next Level Trade affiliate membership is free.
Affiliates are only able to market Next Level Trade affiliate membership itself.
Next Level Trade’s Compensation Plan
Next Level Trade affiliates invest USD equivalents in cryptocurrency.
This is done on the promise of advertised passive returns:
- Basic – invest $50 to $500 and receive 1.1% on weekdays for 16 days
- Advanced – invest $501 to $2500 and receive 1.3% on weekdays for 24 days
- Pro – invest $2501 to $15,000 and receive 1.5% on weekdays for 36 days
- Improved – invest $15,001 to $75,000 and receive 1.85% on weekdays for 48 days
- Expert – invest $75,001 to $1,000,000 and receive 2.3% on weekdays for 60 days
- VIP – invest $100 to $100,000 and receive 2.8% on weekdays for 120 days (funds frozen for all 120 days)
The MLM side of Next Level Trade pays on recruitment of affiliate investors.
Next Level Trade Affiliate Ranks
There are eight affiliate ranks within Next Level Trade’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- New – sign up as a Next Level Trade affiliate
- Consultant – invest $500 and generate $15,000 in total downline investment volume
- Partner – invest $2500 and generate $50,000 and generate $15,000 in total downline investment volume
- Manager – invest $5000 and generate $150,000 in total downline investment volume
- Agent – invest $10,000 and generate $300,000 in total downline investment volume
- Leader – invest $20,000 and generate $500,000 in total downline investment volume
- Director – invest $50,000 and generate $1,000,000 in total downline investment volume
- Expert – invest $100,000 and have generated $1,000,000 in total downline investment volume
Note that Next Level Trade restricts counted downline investment volume by levels of recruitment:
- level 1 (personally recruited affiliates) – 100% of investment volume is counted
- level 2 – 50% of investment volume is counted
- level 3 – 30% of investment volume is counted
- level 4 – 15% of investment volume is counted
- levels 5 to 15 – 10% of investment volume is counted
“Levels” refer to a unilevel team (see “Referral Commissions” below for a unilevel team explanation).
Referral Commissions
Next Level Trade pays referral commissions via a unilevel compensation structure.
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.
Next Level Trade pays referral commission rates across the unilevel team based on rank:
- New ranked affiliates earn 5% on level 1 (personally recruited affiliates), 2% on level 2, 1% on levels 3 and 4, 0.5% on level 5, 0.3% on level 6 and 0.2% on level 7
- Consultant ranked affiliates earn 5% on level 1, 3% on level 2, 2% on level 3, 1% on levels 4 and 5, 0.5% on levels 6 and 7, 0.3% on level 8 and 0.2% on level 9
- Partner ranked affiliates earn 6% on level 1, 3% on level 2, 2.5% on level 3, 1.5% on level 4, 1% on levels 5 and 6, 0.5% on level 7, 0.3% on level 8, 0.2% on levels 9 and 10 and 0.1% on levels 11 and deeper
- Manager ranked affiliates earn 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 and 6, 0.7% on level 7, 0.5% on level 8, 0.3% on level 9, 0.2% on levels 10 and 11 and 0.1% on levels 12 and deeper
- Agents earn 7% on level 1, 5% on level 2, 4% on level 3, 3% on level 4, 2% on level 5, 1.5% on level 6, 1% on level 7, 0.6% on level 8, 0.5% on level 9, 0.4% on level 10, 0.2% on level 11 and 0.1% on levels 12 and deeper
- Leaders earn 8% on level 1, 6% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on level 6, 1.5% on level 7, 1% on level 8, 0.6% on level 9, 0.5% on level 10, 0.4% on level 11, 0.2% on level 12 and 0.1% on levels 13 and deeper
- Directors earn 10% on level 1, 8% on level 2, 7% on level 3, 6% on level 4, 5% on level 5, 4% on level 6, 3% on levels 7 and 8, 2% on levels 9 and 10, 1% on levels 11 and 12, 0.7% on level 13, 0.5% on level 14, 0.2% on level 15 and 0.1% on levels 16 and deeper
- Experts earn 10% on level 1, 9% on level 2, 8% on level 3, 7% on level 4, 6% on level 5, 5% on level 6, 4% on level 7, 3% on levels 8 and 9, 2% on levels 10 to 12, 1% on levels 13 and 14, 0.5% on level 15 and 0.1% on levels 16 and deeper
Joining Next Level Trade
Next Level Trade affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $50 investment.
Next Level Trade solicits investment in various cryptocurrencies.
Next Level Trade Conclusion
Next Level Trade represents it generates external revenue via a “unique earning strategy”.
Investing in our company guarantees constant profit and provides access to advanced products and services.
Like Next Level Trade’s fictional CEO, this is marketing baloney.
We can confirm this through Next Level Trade’s Australian shell company filings. From registration in April 2024 to time of publication, Next Level Trade has only filed a shell company registration application.
Next Level Trade’s passive returns investment scheme is not registered as a security. Nor are there any filed audited financial reports.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Next Level Trade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
