Royal Dragon Traders Review: 198% bitcoin ROI in 90 days
Royal Dragon Traders provide no information on their website about who owns or runs the business.
The Royal Dragon Traders website domain (“royaldragontraders.com”) was privately registered on April 20th, 2017.
The Royal Dragon Traders Terms and Conditions states the company is “operated by MaGABEL” from Dubai. I was unable to find anything further on this company.
There is a Magabel Services that operates out of Belgium, however it doesn’t appear to have anything to do with Royal Dragon Traders.
Further research reveals Royal Dragon Traders affiliates naming Bjorn Hauge and Gary Granello as co-founders of the company, with Johnny Dalini as CEO.
Note that I wasn’t able to independently verify this information.
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.
Royal Dragon Traders Products
Royal Dragon Traders has no retailable products or services, with affiliates only able to market Royal Dragon Traders affiliate membership itself.
The Royal Dragon Traders Compensation Plan
The Royal Dragon Traders compensation plan sees affiliates invest bitcoin on the promise of a 2.2% daily ROI for 90 days (198%).
- Beginners – invest 0.05 BTC
- Starters – invest 0.1, 0.3 or 0.5 BTC
- Leaders – invest 0.6, 0.8 or 1 BTC
- Experts – invest 2, 3 or 6 BTC
After 90 days, a Royal Dragon Traders affiliate is required to invest the same or more than they initially invested.
A 10% referral commission is also paid on funds invested by personally recruited affiliates.
Royal Dragon Traders pay referral commissions via a binary compensation structure.
To qualify for residual binary commissions, a Royal Dragon Traders affiliate must recruit at least two affiliates who have invested.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
Royal Dragon Traders tally up new investment on both sides of the binary team, with affiliates paid a percentage of matched funds.
How much of a percentage is paid out is determined by how much a Royal Dragon Traders affiliate has invested:
- Beginner affiliates earn a 5% binary commission
- Starter affiliates earn an 8% binary commission
- Leader affiliates earn a 10% binary commission
- Expert affiliates earn a 15% binary commission
Unmatched volume on the stronger binary side is carried over for the next calculation.
Note that Royal Dragon do not specify whether binary payments are calculated daily, weekly or monthly.
Joining Royal Dragon Traders
Royal Dragon Traders affiliate membership is tied to an initial investment of between 0.05 and 6 BTC.
The more an affiliate invests the higher their income potential via the Royal Dragon Traders compensation plan.
The ruse behind Royal Dragon Trader’s daily 2.2% ROI is something they call the “1-4-8 System”.
The 1-4-8 System is an algorithmic, robot-driven trading system developed, tested and refined over eight years which went live in February 2015.
A team of three software engineers, who have 10 years experience from the forex industry, has invested more than 12,000 hours in the development of the system.
They have designed a trading platform which has been used successfully by 10,400 traders around the world to date.
So eight years of research, over two years of testing and now a system that can generate a consistent 2.2% a day ROI?
Wow, these guys should be among the richest people on Earth by now, right?
Wrong. Instead they’re begging for money on a website put together a few weeks ago.
In the absence of evidence corroborating any of the claims made on the Royal Dragon Trader website, the reality is it’s just the latest entry in the “bitcoin doubler” MLM niche.
The bitcoin doubler niche emerged as the bitcoin matrix gifting niche began to wind down earlier this year. The first company I ran across using the model was GladiaCoin, who launched back in March.
GladiaCoin offered the same “double your money in 90 days” nonsense with similar claims of trading powering the ROI.
All of that of course was baloney, with the company collapsing before the first 90 day maturity period.
Last I heard GladiaCoin was implementing fees and withdrawal restrictions, which in the last few days has escalated into suspension of ROI payments altogether.
Royal Dragon Traders seeks to emulate this model, which will inevitably place affiliates in the same scenario.
If the owners of Royal Dragon Traders were able to generate a legitimate and consistent 2.2% daily ROI, they wouldn’t be sharing it with the public for free.
There’s also be no need to solicit investment only in bitcoin, seeing as nothing except bitcoin itself is traded in bitcoin.
What using bitcoin does do is permit Royal Dragon Traders’ admins to cleanly cut and run when invested funds run out, which is exactly what GladiaCoin’s admin(s) have done.
The bottom line for you as a potential Royal Dragon Trader affiliate is, unless you’re running the company, you’re probably going to lose money.
The guys behind this program Gary Granello and Bjorn were also the initiators behind JUUBEO (at least one of them publicly).
JUUBEO crashed within 3 months and changed it’s name into Octacoin which later on changed again their name in Nanocoin.
As most of the scammers out of those Ponzi’s have now switched to Questra, SkyWay and Alliance Strategic capital, they probably need a new gig to cash money.
Nanocoin similar to Onecoin targeted some European markets and especially Asia. After both markets were split up it started to go downhill… results scammers switch to the next program.
It has to be said that Gary Granello’s name was out of the picture in those programs more than a year or two.
The last incentive he invited the leadership fo JUUBEO to his home base in Marbella Spain dates back March 2015, after that it went blank and the people that put their money in JUUBEO were almost forced to swap to Octacoin or lose it all.
Same website layouts, same plans, different colours pictures and payout percentages.
Someone is pumping these programs in a seemingly preplanned hit on the MLM community to ride the wave of Bitcoin mania.
My family and I, got scammed with gladiacoin and with jet coin. Jet coin keeps promising so called updates, that never seem to come and stopped paying; nearly two weeks ago.
Coinxl appears to be a new one as well. anyone know how to get the money back and also do you have any reviews about jet coin or coin XL thank you.
Reviewed both. Search bar is on the top right of every page.
According to my source, Johnny Dalini is the CEO and Bjorn Hague and Gary Granello are involved, just not sure in what capacity. Possible they all three are the masterminds behind this.
According to my source, the address is in Dubai. Trying to find out if real address or a PO Box.
Today is September 9, 2017 and I joined Royal Dragon Traders June 26th 2017 with 3BTC. There has been no payments to my ewallet as of this date.
When I go to my Dashboard it states that funds has been transferred to my personal account.
Also when I look at my financials in my dashboard it shows withdrawals and fees, but none of these transactions show up in my registered ewallet.
The persons behind this big scam are Matt Denis and Eliza Witkamp.
They were already in Leo and the Ceo of Leo threw them. And after that they created this program Royal Dragon traders and they stoped to pay members after 1 month they collected more than 600 btc.
THey live now in Marbella and they go to DUBAI frequently.