Plumtroid Review: Mark’s Trading Business Ponzi (who?)
Plumtroid provides no information on its website about who owns or runs the company.
Plumtroid’s website domain (“plumtroid.com”) was registered on February 15th, 2020.
“Divide Milton” is listed as the owner, through a fake address in New York. Given the fake address provided, it’s assumed “Divide Milton” doesn’t exist either.
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.
Plumtroid has no retailable products or services, with affiliates only able to market Plumtroid affiliate membership itself.
Plumtroid’s Compensation Plan
Plumtroid affiliates invest $200 or more on the representation of passive returns.
Invest in Plumtroid with a minimum of $200 let’s trade and manage risk for you.
Enjoy the benefit of your investment at zero stress and limited risk.
Commissions are paid on invested funds down two levels of recruitment:
We offer excellent 2-tier affiliate program with a favorable reward of up to 5% commission.
Specifics aren’t provided.
Plumtroid affiliate membership is free.
To participate in the attached income opportunity however, a minimum $1000 investment is required.
Note that all payments in and out of Plumtroid are paid in bitcoin.
Despite not existing up until a few months ago, Plumtroid claims it’s
one of the original groups of Forex operators that launched the Forex trading revolution.
Things get more bizarre the more you read into Plumtroid’s marketing pitch;
Plumtroid is the marketing arm of Mark’s Trading business.
That group negotiated an amazing deal with Mark to get access to his trading services for as little as $1000 initial investment.
Who’s Mark? No idea and Plumtroid doesn’t elaborate.
The quoted $1000 initial investment figure conflicts with $200 quoted elsewhere on Plumtroid’s site. They also switch between forex and cryptocurrency mining, as well as
Binary Options, Metals, Oil, Real Estate, Stocks, Bonds & Global Indices all from one account.
Whoever Mark is he sure sounds busy.
Jokes aside, Plumtroid’s only verifiable source of revenue is new investment. Using new investment to pay affiliate returns makes Plumtroid a Ponzi scheme.
Bitcoin in, bitcoin out, recruitment collapses and it’s over.
The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of participants lose money.