Royal Q Review: Tether trading bot app Ponzi scheme
Royal Q stands for “Royal Quantify Investment Management Co.”
Royal Q provides no information on its website about who owns or runs the company.
Royal Q’s website domain (“royalqs.com”) was privately registered on February 22nd, 2021.
Royal Q’s website is essentially a placholder to redirect visitors to its app.
Despite the dubious nature of the business, Royal Q’s app is available both from the Google Play and Apple App stores.
Note that this is not a sign of legitimacy. That comes down to analysis of Royal Q’s business model.
Perusal of Royal Q’s website source-code reveals Chinese language web elements:
Royal Q’s social media posts are also written in Chinese:
This suggests whoever is running Royal Q at the very least speaks Chinese. They are very likely based out of China or greater south-east Asia.
Alexa currently ranks top sources of traffic to Royal Q’s website as India (15%), Nigeria (12%) and Mexico (9%).
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 Q’s Products
Royal Q has no retailable products or services.
Affiliates are only able to market Royal Q affiliate membership itself.
Royal Q’s Compensation Plan
Royal Q’s compensation plan pays out on the recruitment of affiliate investors.
Royal Q Affiliate Ranks
There are six affiliate ranks within Royal Q’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- VIP1 – sign up as an affiliate and invest in Royal Q
- VIP2 – recruit 3 affiliates and generate a total downline of 20 affiliates
- VIP3 – recruit 5 affiliates (three must be VIP2 or higher) and generate a total downline of 100 affiliates
- VIP4 – recruit 8 affiliates (three must be VIP3 or higher) and generate a total downline of 300 affiliates
- VIP5 – recruit 12 affiliates (three must be VIP4 or higher) and generate a total downline of 800 affiliates
- VIP6 – recruit 20 affiliates (three must be VIP5 or higher) and generate a total downline of 1500 affiliates
To count towards rank qualification criteria, directly and indirectly recruited affiliates must be paid up.
Recruitment Commissions
Royal Q affiliates earn a commission for each affiliate they personally recruit.
- VIP1 affiliates earn a $30 recruitment commission
- VIP2 affiliates earn a $40 recruitment commission
- VIP3 affiliates earn a $50 recruitment commission
- VIP4 affiliates earn a $60 recruitment commission
- VIP5 affiliates earn a $65 recruitment commission
- VIP6 affiliates earn a $70 recruitment commission
Recruitment Bonus
Royal Q’s recruitment bonus is paid out 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.
Starting at VIP2, Royal Q affiliates earn a bonus per affiliate recruited into their downline.
- VIP2 affiliates earn $10 per affiliate recruited into their unilevel team
- VIP3 affiliates earn $20 per affiliate recruited into their unilevel team
- VIP4 affiliates earn $30 per affiliate recruited into their unilevel team
- VIP5 affiliates earn $40 per affiliate recruited into their unilevel team
- VIP6 affiliates earn $50 per affiliate recruited into their unilevel team
Note that the Recruitment Bonus stops in each unilevel leg when an affiliate in that leg ranks at the same rank as the qualifying affiliate.
E.g. You are VIP and someone ranks as VIP2 in one of your unilevel team legs.
Now you no longer earn the recruitment bonus on recruitment activity in that unilevel team leg.
Dividend Bonus
Royal Q charges affiliates a 20% “performance fee” on profitable trades.
This fee is used to pay the Dividend Bonus.
- VIP2 affiliates earn 30% of performance fees collected from their downline
- VIP3 affiliates earn 40% of performance fees collected from their downline
- VIP4 affiliates earn 50% of performance fees collected from their downline
- VIP5 affiliates earn 55% of performance fees collected from their downline
- VIP6 affiliates earn 60% of performance fees collected from their downline
Joining Royal Q
Signing up as a Royal Q affiliate costs $120 annually.
Note that all payments within Royal Q are made in tether.
Royal Q Conclusion
Royal Q is your typical trading bot Ponzi scheme.
Royal Q claims to generate returns via an “intelligence algorithm”.
Artificial intelligence algorithm 7*24 hours seamless intelligent tracking, powerful data analysis and processing capabilities, and execute corresponding operation strategies.
No evidence of the algorithm or trading activity is provided. Nor is there any evidence of Royal Q using external revenue of any kind to pay affiliate withdrawals.
By their own admission, Royal Q is a passive investment opportunity.
The Royal Q quantification system adopts a multi-strategy, multi-technology fusion intelligent quantification mechanism.
Users only need to select the corresponding investment style and click a key to start, and they can realize smart fool-style financial management.
MLM companies offering a passive investment opportunity constitute a securities offering.
Royal Q provides no evidence it has registered with financial regulators in any jurisdiction it solicits investment in.
Thus, at a minimum, Royal Q is committing securities fraud and operating illegally.
The only verifiable source of revenue entering Royal Q is new investment.
Using new investment to pay returns makes Royal Q a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Royal Q of ROI revenue, eventually prompting a collapse.
“But they can’t touch our money!” Ponzi schemes end in one of two ways: a rigged trades exit-scam or bot trading meltdown.
However Royal Q collapses, math guarantees the majority of participants will lose money.
Update 14th September 2024 – The scammers behind Royal Q have rebooted the scam as a “click a button” app Ponzi.
RoyalQ was rebooted on the domain “royalqaiquant.vip”, privately registered on September 2nd, 2024.
The Central Bank of Russia has already issued a RoyalQ reboot pyramid fraud warning on September 12th, 2024.
GREAT OZ! In Italy there are a lot of scammer that promoted this trash! 100% Ponzi!
Dude, the bot is connected via an API to your exchanger… You literally see the trades happening all day long…
I’m interested in how these bots are rigged. I hear too many people indeed say “but the funds remain in your account!”. How can they rig a trade?
I read the comments here in iQuandex and MIA, and all I really found was “someone always wins on a losing trade”.
Can someone explain please so I have something to counter with? Thanks in advance.
I do love the concept of “smart fool-style financial management”. Wise man say smart fool and his money are easily parted.
It always makes me wonder what the original Chinese was trying to say.
@john: You acquire worthless crypto or penny shares in your own name for nothing. You use investors’ money under your control to buy your crap.
You exit with their money. They are left holding worthless crypto/shares “which is in my account so they can’t touch it bro!”
It can be as simple as that.
If you hand over control of your money to someone, you have handed over your money. Where the funds are held does not matter. Only who controls the funds matters.
@john PS don’t expect the mugs to thank you for revealing how the magic disappearing trick works.
Arthur Conan Doyle (creator of Sherlock Holmes) thought that Harry Houdini’s tricks were actually magic. Even after he was told how the trick worked, Doyle still insisted that Houdini must have magic powers. He refused to believe that it was a trick even though the person who explained the trick was Houdini himself.
And Doyle didn’t even have a financial interest in believing that magic was real.
@Jean
Unless the bot code has audited and there are financial regulator filings, you’re only seeing crypto flow in and out of your account.
There’s a reason scams like Royal Q commit securities fraud and don’t operate legally.
@john
You wake up one day and your account is full of garbage. Anything of worth is “traded” to the scammers running Royal Q.
Exactly what happened with iQuandex. Not your bot, not your code.
Thanks for this Malthusian, didn’t even realise it could be that simple.
Just got home. Someone almost scammed me into this.
I am glad I saw through this. But here I got to confirm this.
LoooooL, I don’t know who is Dumber… The author or the others people who didn’t even tryed to check from other sources before telling if it’s a scam or not.
I will try to clear the points omitted or bad desribed in the article.
First of ALL: your trading capital is in your Binance or Huobi Account and with an API the bot will only buy in Margin Spot, Ozedit: snip, see comments #3 to #6)
1) The Affiliate Ranks: V6 need 3 V5 and 1500 total paid affiliated in the group as 20 direct affiliates.
2) Dividend Bonus: each revenue that the bot produce with each sell, you will need to pay a “fuel fee” not “performance fee”, that is represent 20% of the earning just made.
example: the bot buy ADA at 2.00 and the bot sell it after at 2.01, that 0.01 in your benefit in YOUR Binance account, so there it come the “Money is in your possession 24/7”.
For that 0.01 the bot will discount 0.002 in your asset in the app and then keep working.
The Dividend Bonus is that you will gain from 20% as V1 and up with ranks, of that 0.002 that would be in the same example, 0.0004 or 0.0006 if you are V2.
Same rule of Matching Rank apply here too if your affiliate get same or higher ranks as you.
Missing Points:
Up to 70% of the membership and up to 70% of the Fuel Fee is distribuited between affiliates that owns ranks.
As stated before, they don’t touch your capital (Ozedit: snip, see comments #3-#6)
Right now is the safiest bot I have ever seen between 3 or 4 that I have used already, incliding Hopper that is one of the most used, but yes IT close in loss…
So please, Before Spouting nonsense again, please verify better the informations, and the only thing that may cause envy is that only USA and Canadá can’t work as Binance and Huobi aren’t opened there…
For anyother tought, if there are more than 200k people activated and everyone in profit, even if the bot would close the service, everyone will have only risked the 120$ activation and the fuel fee still in the app nothing more…
Cheers and if you live outside USA and Canada… Enjoy as fast as you can…
Thanks, this wasn’t in Royal Q’s comp plan documentation. I’ll add it in.
It was referred to as “performance fees” in the comp documentation so I’ll leave it as that.
The fee amount wasn’t disclosed though so I’ll add that in.
Commission rates as per Royal Q’s compensation documentation are provided in the review.
First “lulz can’t touch our money” Ponzi? Learn from history or sorry for your loss.
In a “lulz can’t touch our money” exit-scam, the scammers steal your money through rigged trades and then do a runner.
https://behindmlm.com/mlm-reviews/iquandex-review-bitcoin-trading-bot-securities-fraud/ (read the comments, you should find them familiar)
https://behindmlm.com/companies/iquandex-collapses-pulls-technical-error-exit-scam/ (BUH MUH TRADES!)
Blockquoting can be done by wrapping quoted text in blockquote and /blockquote tags (put triangle brackets around “blockquote” and “/blockquote”).
How I can make the green marks too?
I will answer to that.
The document is really bad made you are right, the 80% of the material that is circulating is done by affiliates.
Ponzi is where you use latter capital to pay the above interest fees. Like PayDiamond, Telexfree and so forth.
Here your only investment is the licence and the fee for your winning operations inside your Exchange.
Bro… for IQuandex you had to SEND the money to THEM… here in RoyalQ you only use money in YOUR account avoiding that any company could flee with it… There is the 99% of the trust of the bot…
The other 1% is that works in margin and spot trading, so there is not any stop loss that could drain your account.
Which can and is done via manipulated trading in these “lulz cant touch our money” scams.
Tell that to iQuandex’s victims. There have been a few others but that’s the most recent that comes to mind.
One day you wake up and your account is either cleaned out or there’s rubbish in there. Math is math and it happens every time.
Not your bot, not your trades.
No you didn’t.
Same “lulz can’t touch our money” setup as Royal Q.
Again Here… IQuandex you had to invest a LOT for benefits and sending to THEM your money… Different history here…
I Repeat, here the trades are made in your account, the worst scenario is that the bot will buy all your capital in coins, and eventually in weeks or months the price will rise again and you will manually sell them.
You have my name, look for me in fb, I’m a white guy, a little bit puffy 😛 and I can show you everything of the bot to show you the difference.
You paid a fee for access to their trading bot, which hooked up to your account. Literally the same model.
Everything except what really matters; Royal Q’s registration with financial regulators, filed audited financial reports and filed disclosures regarding the trading bot.
Yes, I’m seeing a presentation right now and you had to deposit where they told you to do…
Different Again…
Don’t give a crap about a presentation. Read the review. And the comments.
We get the same “lulz can’t touch our money” chucklefucks every time a new scam deploys this model.
Ok Just saw now the 1st link, my bad. I understood where lies our conflict.
In IQuandex need you to pay a fee for operating and the bigger the fee the higher their bot “availability”.
Another thing is that they worked with Leverage (they wiped everything with x100 (absurd in my opinion) and then drained everyone).
RoyalQ is different, you can start with 140 if you want.
$120 for the annual membership and $20 for the fuel fee.
As the bot keep closing sells, and make you gaining in your binance, you will have your fuel fee applied and then you will have to reload to keep working.
Totally different Leverage to Spot Trades. Leverage can destroy your account in 2 minutes in a totally wrong movement, but Spot Trades won’t affect it as it don’t matter the movement because the absence of the Stop Loss.
So There you have the difference.
Pay a fee, give someone else access to do whatever they want with your trading account. It’s the same model.
Not your bot, not your trades.
Yes I got your point, but we are still in the same hill.
IQuandex worked with copytrading and leverage, plus the fee for an absurd mlm business plan.
RoyalQ works with indipendent trading and Spot Margin, there is no way someone can move your money without you sending it.
No we aren’t.
iQuandex’s “lulz cant touch our money” business model == Royal Q’s “lulz can’t touch our money” business model
Not your bot, not your trades.
Actually everyone with a good Excel Workbook could make the same work of RoyalQ…
You just have to make calculations of the same profit and make manually all those sells, the matter is the bot works without you being there.
I guess your point is that you don’t use Binance and you don’t know the API management and its options. If you can see which ones can drain your account or which not, you will state by my point.
Cool story. Irrelevant to Royal Q committing securities fraud and running a “lulz can’t touch our money” Ponzi scheme.
“Lulz can’t touch our money” scammers aren’t stupid. They don’t give you a heads up and time to stop access.
They push a button, new code goes out and sorry for your loss.
Oh heyyyy. I better stop this bot doing the thing it already did and WTF ALL MY MONEY’S GONE bukkake suicide noooooooooooooo-
Not your bot, not your trades.
Dude really I don’t know why the hate… Have actually saw how it works personally?
I have already over 230 positive sells and all the funds in my exchange and everything smooth so far, no one can erase your money in any possible ways…
Still don’t understand if you just look to create hate or insecurity to people where it’s not really needed..
And now we’ve arrived at the “haterz” phase of Ponzi denial.
Nobody except the scammers running Royal Q know what’s in their bot code.
They’re not going to operate legally, register with financial regulators and provide legally required disclosures, because they’re scammers.
Yeah… iQuandex worked great too. Until one day it didn’t.
This makes no sense whatsoever. The WORST that could possibly happen is an organised pump of a specific shit coin where 200k peoples accounts all of a sudden buy 100% of their balance in that crypto creating a pump MAYBE.
and a huge account which is already holding said crypto ready to sell but it’s not something that happens quickly.
It is much more convenient for Royal to continue on as they’re currently doing and gaining profits from all microtransactions happening.
I don’t understand why all the hate but most importantly learn to use the word Ponzi correctly because this is most certainly not one.
Even if what’s written above was to happen, having full control of Binance, you’d simply swap that crypto back for FIAT currency and that’s that…
You wake up one day and
a. your account is busted (your money was stolen through rigged trades); or
b. your account is full of worthless garbage (your money was stolen through rigged trades).
First “lulz can’t touch our money!” Ponzi?
Yeah except it’s a Ponzi scheme, so they can’t. Random scammers from places unknown don’t own magic trading bots.
If you want to assert they do, provide legally required audited financial reports.
You can’t, because Royal Q is a scam run by scammers.
But all you keep saying is it’s a scam run by scammers without having proof.
Explain how my account would be busted and how they would rig a trade and make money for themselves.
My account can be full of garbage cryptos but those cryptos still hold a value. If they purchase 500$ worth of SHIB, it’s still worth $500.
If I find I have 500$ worth of a garbage crypto, I can swap it back to USDT/BUSD or whatever else and move my funds should that be needed. Give me a technical explanation or example to prove what you’re saying so that I can at least understand your point of view. Yelling scam doesn’t mean it is ome.
You ignoring the proof doesn’t mean there isn’t proof.
MLM + securities fraud = scam.
If the only proof you’ll accept is your money being stolen after the fact, best of luck to you and sorry for your loss.
Scroll up and read #10.
They aren’t going to rig trades with crypto that holds value. They’ll buy up some worthless shitcoin and dump it onto investors.
Not your bot, not your trades.
Find an iQuandex affiliate and ask how “lulz can’t touch our money!” worked out for them.
I’ve had a read of the above as mentioned. From my understanding and correct me if I’m wrong, funds needed to be sent to this iQuandex scam. (Ozedit: snip, consider yourself corrected.)
Wrong.
Right, and not being able to reply to the second part of my message which was the key in iquandex scamming you edited it out.. cool.
Your initial understanding was wrong. Why would I bother with the rest?
@
The hilarious thing about these bots is that by intent, they never stick around long enough before sh*t starts to happen, like:
(Month 1)
“Sorry guys, we will be back up and running in a couple of hours…”
(Month 3)
“Ok guys, you can now start trading again. The bot just had a little hiccup. No worries…”
(Month 5)
“Guys, hold off on any trading. Repeat: Hold off on any trading until an upgrade is completed. We’re making it better than ever. Sorry for the short notice…”
(Month 6)
“Guys apparently the bot is acting up a bit, but do not panic. Our IT guys have it all under control…”
(Month 8)
“Major Announcement: Ok, everyone. Obviously the bot is running slow due to all the heavy trading going on at once.
Some of you are complaining that trades are not showing up on your dashboards. But rest assured our IT guys are on it…”
(Month 9)
“Guys, we’re making some changes that we think will help ease the stress on the bot. So, at this time only we are limiting trades to just two currencies per day…”
(Month 10)
“Some of you are telling us that you can’t withdraw your money. We checked it out and everything should be fine now. Just only withdraw half of your balance until we get it fixed. Thanks…”
(Month 11)
“Attention: We have been informed that an attempt has been made to hack the bot. Give it a few hours until we figure this out…”
(Month 12)
“Ok, we don’t know what’s going on. But, for everyone’s safety we are halting all withdrawals until further notice. We will let everyone know when everything is back to normal again…”
The reality is they ran off with the bot fees and upgrade payments.
LoL …..that scenario could never happen.
It’s like explaining the blockchain to my mother…. she will keep telling me that bitcoin is not real and it’s a scam.
(Ozedit: except that it did, see iQuandex. Waffle removed.)
Or a “lulz can’t touch my money!” Ponzi scheme to crypto morons. Yet here we are.
i give you one million dollar if you can explain me right now how royal Q can touch my money. come on 🙂 … waiting for it. give me that proof. here. now .
thanks for erasing my entire message where i was proving you were wrong. LOL
Read the thirty-seven comments above yours.
Not your bot, not your trades.
it s my bot. y pay 120 $ per year to be it my bot. LOL . those are my trades inside my exchange. LOL
i think i am speking with a bot…are you using an answering bot ? i think so.
Not your bot, not your trades.
If you can’t wrap your head around the basics I think we’re done here.
Every scheme has an admin. Admin has access to your backoffice and your account. Admin can withdraw your money like that. Now give me my million dollars.
Paying $120 to get access to a third-party bot does not make it your bot.
Placing money into a bot’s account on a third-party exchange doesn’t make a bot’s trade your trade and a third-party exchange your exchange.
To this I can only reply with your own words:
Dear Kir…are you feeling ok? Did you even read what i wrote? There is no admin to have access to ny back office…
and even if there was….my money are sonewhere else…can you understand this simple, simple …detail? Maybe not..because oz keep erasing my relevant messages.
Our money are not in the app. Our money are inside our wallets. Go to study man… help your self.
Bit sad he still doesn’t get it. Oh well.
Yes, I do.
Yes, I did. Struggled to understand your word salad.
Except there is in any scheme. Behind any scheme is a creator who knows how it works (an admin), who has all the login details of all the backoffices, so that he can use this knowledge to steal your money.
Good. However, this doesn’t mean the admin doesn’t have access to this somewhere else.
Which are inside the app. Which means the money is in the app.
Same to you. Study well so that you no longer invest into Ponzis.
Admins of “lulz can’t touch our money!” Ponzi schemes just need to change the bot code, push it out…
aaaaaaaaaaaaaaaaaand it’s gone.
The dumbasses who keep falling for these scams get sold on the marketing. Until they wake up one day and sorry for your loss.
I totally agree with Angelo Vinciguerra . No way royal q can turn into scam because they don’t have control over our money.
You literally give Royal Q total control of your money through their bot.
Not your bot, not your trades.
Except that Ponzi schemes are scams, and Royal Q is a Ponzi scheme.
Except that they do, thanks to a bot and admins who can manually log in and steal your money.
I stand with OZ, firsty, Royal Q is a scam because they are commiting a security fraud by not registering with the SEC.
Secondly, it is a Ponzi scheme because it relies on funds from new recruitments to pay existing members commission.
Thirdly, the bot is not generating as much profits as promoted by the users.
If you calculate the amount of money you used to buy the bot and the fuel fees you pay to use it, you will know it is a total loss.
A little upgrade here: sec.gov.ph/advisories-2021/royal-q-royal-q-global-royal-q-mobile-app-royal-quantity-investment-management-co-limited/
Philippines’s SEC issued an alert about RoyalQ.
Have a good day! 😉
Covered here – Royal Q securities fraud warning issued in Philippines
Please guys, I don’t know any of you but the earlier you get off your assets on this said app and it’s not the better for you.
You see any platform that offers you commissions on referrals and also promises you an unseen future that is closer and glittering like diamond, my dear run.
That promises are to make you believe solidly and promote them even defend them at all cost.
But you see, immediately new members stops registering,that when stories will emerge; you will be hearing technical fault, breakdown, upgrade, account binding, consult your admin, maintenance going on, Authorization of account, smart contract and so on.
Beware Any thing you are gaining now ,know it that it comes from the new members and a time will come when they will give you guys conditions on withdrawing and also encourage you to add more assets.
My guys ,just from my experience. And in my own experience, I was drained to Zero even at the last minute of disappearing, I had to deposit more thinking that everything gonna be ok because of the tag #Passive income and befitting promises.
Thanks and Good luck.
Can you tell me why the owners/creators of Royal Q are not disclosing who they are? Why isn’t Royal Q registered with the SEC?
Because Royal Q is a Ponzi scheme. See review.
It is registered here.
businesssearch.sos.ca.gov/CBS/SearchResults?SearchType=NUMBER&SearchCriteria=C4738345
That is not registration with financial regulators.
Basic incorporation of a shell company = meaningless.
Yeah, those things are worthless. Enough rugs were pulled by “registered companies” already.
Especially when they start waving it your face, you know it’s a red herring.
I am not an IT person so help me understand Royal Q guys.I had wanted to join but am still struggling to believe the credibility of claims they make.
The Royal Q promoters claim the BOT can not access my money since my money is in my Binance A/c but at the same time the BOT will buy trades for me based on my parameter settings with money in my Binance account?
-I thought once i bind my binance account with royal Q bot and permit it to trade for me then i have essentially given it access to my binance but with just a few terms and conditions as set out in my trade parameter settings?
-What stops the Royal Q admin from manipulating my parameter settings to buy some junk coin with all my money like OZ is saying?.
Literally nothing. Since admins have access to the bot’s dashboard and source code, they can do whatever they want.
In particular, they can clear out your balance by rigging the trades, they can set additional options, bypassing your initial barriers, and, of course, buy some shitcoins.
Is there any evidence that a “BOT” exists or is this just another MTI?
Nothing. You are better at IT than anyone who is part of Royal Q or any other “can’t touch muh money” scam and can’t spot the obvious flaw in the logic.
I support Angelo Vinciguerra’s comments, admin you really have no idea how API works with those exchanges, and you have no idea about the difference between IQuandex and Royal Q.
Those true Ponzi you send them your capital (Ozedit: snip, see below)
To #50 Sam
To reply your comment:
It’s because you have no idea how to use it. Or you meet some promoters luring for referral commission, so that they exaggerating the progression.
I have one friend who sends me one Royal Q video from YouTube, immediately I tell him that it’s not possible to be profitable in that way. If someone who joins under him would get disappointed soon after.
“Secondly, it is a Ponzi scheme because it relies on funds from new recruitments to pay existing members commission.”….>
In this point, you’re totally wrong. I don’t get any referrals under me as I hate it, and I’ve already made 10%+ of my capital a month directly from trading profit with the Royal Q bot.
The bot requires knowledges to operate. If you just follow any circles blindly without any understanding of how the bot operates, and not have enough fund in your wallet, you would have long time to wait for profit.
If the market is dumping, you don’t have enough funds to put more margin calls, you would have to wait long for the profit too.
The profit is not guaranteed 10-50% per month, but it’s possible. How to get the profit is depending on the market, your setting, how you calculate stuff, and your knowledges.
Royal Q does make it possible to gain good commissions from referrals, but it’s not the whole point of this bot. If you just put $50, 5 margin calls, the market is dumping, and you see floating lose of -10-20%, you cry the app only makes you lose, I can only say that you have no idea what is spot trading.
In that case, better for you to go with something like Arbitrage bot or DCA bot. You can also manual DCA to make the coins with floating lose back in profit faster.
Seriously through my trading journey so far, I only have real lose in future trading and copy trading.
For spot trading, if I don’t buy shit coins that would get de-listed from exchanges, all back in profit one day with especially DCA method, even from extreme dump 50-60% floating lose, when BTC dumping straight $10000.
All is based on knowledges and experiences here if you want to gain.
You didn’t send iQuandex “your capital”. It was a trading bot Ponzi scheme with the same “can’t touch our money lulz” API bullshit.
But please, keep living in denial. Sorry for your loss.
In reply to #65
No. IQuandex requires a specific amount of funds to invest ($25 to $5000 investment), also specific plan of how much return you get. Plans as below:
Above is the typical MLM and other Ponzi scheme.
Admin you really have no idea about this bot. (Ozedit: snip, see below)
All corresponding trading data from Royal Q, you can find directly in your exchange. I do know of these fake trading bots that you’re talking about. From those fake bots, you don’t find corresponding trading data in your exchange but only on their platform, which is not the case of Royal Q. It’s easy to compare.
For me, Royal Q is more like a grid bot without grid range; the range is your capital, how much you plan for the max amount per coin according to your setting.
You can find grid bot in many exchanges. It’s an official trading method. Royal Q is not a perfect trading tool yet, but in my taste, it has already improved the shortage of those grid bots, and made it even easier to auto buy low and sell high, selling profits directly into your wallet without worrying about price “go out of range” in the traditional grid bot.
But, you have to make good plans/settings according to your financial situation. Everyone’s different.
I read through your main article again about this bot.
“No evidence of the algorithm or trading activity is provided.”
Better to remove it completely. Because it’s not true. You find all transactions in your exchange. You can take those transactions out to calculate on your own, it matches all buy/sell transaction data in the Royal Q app too.
While scam future trading bot can perform tech error, x100 leverage to crash big trade lose to empty your wallet. It’s extremely difficult to make tech error to make spot trades in complete lose (floating lose doesn’t count).
Try with (Ozedit: recruitment spam/derails removed)
Royal Q is another blindingly obvious Pyramid Selling Ponzi scam.
It never ceases to amaze me how many people fall for them!
My man really going to quote my iQuandex review, misread it and play it back to me?
iQuandex charged a fee which limited how much you could invest with their bot. The investment was done through your own account.
This is the same “lulz can’t touch our money” model Royal Q uses. There is no difference between iQuandex and Royal Q.
As to your subsequent comments:
1. Not a substitute for legally required audited financial reports.
2. Not your bot, not your trades. You have no idea what Royal Q are doing with your money.
Again, not your bot, not your trades.
Considering this is how every “lulz can’t touch your money!” Ponzi scheme ends, it’s literally built into the trading bot.
Call it whatever you want. Royal Q is an MLM committing securities fraud.
MLM + securities fraud = Ponzi scheme
In response to #70
I didn’t misread your IQuandex review. It’s exactly the investment plan there that you’d posted.
I did make a typo to call it “capital” so I wrote that you send IQuandex your capital, which is not the capital but the funds that you have to pay to their platform to be able to make the stated investment for a fixed ROI.
In your IQuandex review, I support you 98%, it’s a Ponzi scam, plus copy trading/API scam.
However, in your Royal Q review, I am against you 98%. It’s a big joke that you compare Royal Q with IQuandex.
In IQuandex, there’s no transaction info that you can track, things are vague, because there’s no real trading activity profits, but the Ponzi scam that they pay investor’s with later comer’s money. Also the copy trading/API scam, that at the end they made tech error leverage x100 to rekt all accounts.
One evidence from one IQuandex user “I have used one of the bot briefly, and asked for the transaction details, to allow me to track the purported profits.. they refused to give any statement for any of the trade made. ”
This is the reason why they have to make limitations, because the profit is not really from their trading activities, but the money that has been sent to their platform.
That’s why at the end you can’t withdraw from their platform, because that system would always crash at the end.
However, in Royal Q, it’s completely not this case. There’s no limitation of how much you invest. No matter how much you invest, there’s just that $120 one year trading bot activation fee, plus 20% commission from your profit.
All trading data in your exchange. Clean and clear, you can easily export them from your exchange and submit them for an official tax report.
This kind of business, where traders use API keys to sell trading tool service or trading signals, and take commission from traders’ profit, seems will be more and more common in the future.
At least in Honk-Kong, it’s already proved by authorities. At least one big trader that I know will have something similar like Royal Q but in future trading in January next year, with clean registration in HK.
Honestly, I had a rough period, playing hundreds of MLM and Ponzi projects. I’ve never seen any of these projects asking for any plan, 1-6 levels, just $120. No fixed ROI. It’s extremely funny that you could pay all investors, including those investors with capital above $100000, with just that $120.
Seriously, it can even sustain for a few days, if all investor’s income all comes from later investors with this little $120? Think about it, it’s not logical in this way for the Royal Q bot to be called a Ponzi scheme.
The very first rule for Ponzi “pay investor money from later investor’s investment” fails completely here.
To #71
You have no idea what I’m writing admin. It was in response to your comment on this bot that “there’s no real trading activities. (Ozedit: snip, see below)
In terms of the second comment. I believe that it will go to the morality point. Because when the owner is being ethical and honest, the bot is yours (Ozedit: snip, see below)
However, they can’t withdraw money from your wallet through that API key. That is sure.
If you mean the risk of hack (Ozedit: I don’t. Derails removed)
From your comments on grid bot, (Ozedit: derails removed)
Just a p.s., I’m an API trading bot user for many years.
iQuandex investors had access to the same trading data on their account. They could see whatever the bot shuffling money around through trades.
Not your bot, not your trades. iQuandex “worked” until the admins initiated the rigged trades exit-scam.
Either this or “we got hacked” is how every “lulz can’t touch our money!” Ponzi scheme ends.
Royal Q is not registered to offer securities in any jurisdiction.
MLM + securities fraud = Ponzi scheme
Yeah that’s not how the “lulz can’t touch our money!” Ponzi model works. Not your bot, not your trades – I’ll keep repeating it until it sinks in.
Shuffling money around between investors through trades isn’t legitimate trading activity. It works until the inevitable exit-scam.
Not your bot, not your trades.
1. Who is running Royal Q? Who created the bot? Where are the legally required audited financial reports?
Ethics and honesty my ass.
2. The bot isn’t yours, it’s owned and operated by persons unknown.
Any superficial control you think you have over the bot can be overridden. Not your bot, not your trades.
They’re the same Ponzi business model. The only difference is Royal Q is your Ponzi scheme.
Everybody loves BehindMLM… until we review your scam.
By your own admission you’ve participated in “hundreds of MLM and Ponzi projects”. Royal Q is yet another one.
Quit while you’re behind.
To#74
No you can’t. You don’t get the clear trading data from IQuandex, it’s also proved by users.
From the very beginning, IQuandex guarantee a specific ROI for each plan, it’s already an indication of Ponzi, but not a serious trading bot.
A trading bot can’t guarantee any fixed ROI, like Royal Q and all others.
No need to cut my sentence. I say “if” the owner is being ethical and honest, the bot is yours. Now the owner is unclear, which put Royal Q into a bit grey ground, but it doesn’t mean that they can’t be honest.
They are not the same business model, I will keep repeating it until it sinks in too!
One model is spot trading, one is future trading. From the very basic they’re different. The risk level is also completely different. Admin, please improve your ignorance. (Ozedit: derails removed)
1. iQuandex affiliate investors had access to the same “trading data” Royal Q provides. Read the comments (#14).
2. The stated ROI is the bot paying out till a specific ROI is achieved. There was no timeline nor was it guaranteed, it was just a cap to get you to invest more.
3. Anonymous admins who commit securities fraud and run scams are the opposite of honest and transparent.
4. iQuandex == Royal Q. Sorry for your loss.
Read the comments and please stop wasting my time with the same Ponzi excuses:
https://behindmlm.com/mlm-reviews/iquandex-review-bitcoin-trading-bot-securities-fraud/
Here’s another “lulz can’t touch our money!” Ponzi scam from 2019:
https://behindmlm.com/mlm-reviews/mia-review-malaysian-spot-gold-trading-scheme/
Again if you read the comments, when the time came the admins rigged trades exit-scam, did in fact touch your money and buh-bye.
Ignoring facts and the same Ponzi model having collapsed multiple times in the same way in the past is ignorance.
Pulling out the “yOu JuSt dOn’T gEt It. EdUcAtE yOuRsElF!” Ponzi trope = dumbass sauce.
It’s a blatant lie that “No evidence of the algorithm or trading activity is provided”.
1. Algorithm is well documented on both written documents and hundreds of videos. No “secret sauce” futures bs. Plain, smart, average weighting with very simple spot calculations to execute.
2. App trading history perfectly matches exchanges trading history. No over inflated bs. Not a single (valid) user report of wallet profits not matching those of the app. Do the math 100 times, 100 times the app will tell the truth.
I understand that you may want to warn people about affiliate bs (and even that can be perfectly paid off simply with newcomers profit “fuel” as they claim), but being dishonest in the article about those the algorithm and transaction history just makes you sound like an enemy of the truth.
If you think any of what I said is valid (specially the last phrase), the correct thing would be to edit the original article with actual research, not with affirmations that get completely invalidated with a 30 second Google Search.
1. Social media is not a substitute for audited financial reports.
2. Not your bot, not your trades. You can’t verify anything without audited financial reports.
Why are there no legally required audited financial reports? Because Royal Q is a scam.
Learn 2 due-diligence, kthx.
What I want to know are;
Is there a way of create a coin and registering it on Binance for people to trade. For example I’m the creator of DOGE coin and at the same time I’m the owner of Royal Q.
Then I use all of my subscriber money to buy my coin which is DOGE coin(since they already gave the bot I created, royal q, access to their binance money), then I liquidate my coin which is DOGE coin leaving every subscriber with coin that do not exist anymore or coin that’s literally worth ZERO?
PLS answer because if the answer is yes, then I won’t participate in it cos I’m about to use the Bot
That’s the rigged trades exit-scam. Of course it’s possible.
Not your bot, not your trades.
Yup, there’s something fishy here a man struggling to tell you get out its a Ponzi but no one want to get into the rabbit hole.. so strange!!
But i have some questions
1- if the bot cant withdraw how can it take his monthly fees??
2- i have to spacify the coins it will trade for me as it cant choose, this way it cant trade shit coins where the scam here?
3- if i want the bot to trade BTC admins cant perform a pumb and dump as they dont have the assets or capabilities unless they know how much money you have and everyone else using this bot right?
4-dose the bot have the right to read how much money i have in my binance account? Otherwise how can it calculate his fees.
Thanks
@79 Kolade Ibitoye
No its not possible as you need to choose which coin you want to trade and theres a lot of them.
The question wasn’t posed from the viewpoint of investors, it was whether the admin could do it.
The admin owns the bot. Royal Q’s admins can do whatever they want with your money.
1. iQuandex affiliate investors had access to the same “trading data” Royal Q provides. Read the comments (#14).
You just a stubborn head will not admit your wrong statement. (Ozedit: snip, see below)
If you want to rewrite history, spam-bin.
https://behindmlm.com/mlm-reviews/iquandex-review-bitcoin-trading-bot-securities-fraud/#comment-431708
^^ Literally the same “my Ponzi is totally different to the identical Ponzi that came before it” bullshit.
I snipped the rest of your comment because you don’t get to lie and then build paragraphs around the lie.
Leave your emotions and vested financial interest at the door. Royal Q == iQuandex and every “lulz can’t touch our money!” Ponzi.
Any news about this MLM/bot trading scam? I just want to see the inevitable collapse of it.
Royal Q website traffic dropping. India, Nigeria and Russia top sources of website traffic.
No new suckers = RIP.
They just add new pairs. My friends and myself have been using it for months for no problems.
It’s one of the best trading bots so far we have used. It’s really not a MLM project. We have encountered hundreds of MLM projects before, we know the difference.
If they lose traffic from India, Nigeria and Russia, it also doesn’t mean anything; they don’t rely on that for profit.
I’d suggest not paying much attention to someone who sees a Ponzi scheme and pretends it’s not.
Oh but it does, that’s the whole business model (any why you’re here).
Since I wrote #87 in mid-march RoyalQ recruitment in Nigeria and Russia has collapsed. Saudi Arabia has taken Russia’s place.
Total RoyalQ website traffic continues to decline, so things must be getting desperate. Better find new suckers soon or it’ll be over.
If you “smart-asses” know it’s securities fraud, don’t you think the SEC would know too, and shut them down? Duh!
Oz, you always tout that MLM owners don’t reveal their identities, which to you is a sure sign of fraud. So, why should anyone believe you when you HIDE BEHIND to moniker OZ?
The ol’ “it’s not illegal because it’s not shut down!” chestnut.
If you want to report RoyalQ to the SEC go ahead. I imagine going after south-east Asian scammers scamming dumbasses in third world countries isn’t high on their priorities list.
Looks like Asia and Africa are pillaged. And now Royal Q scammers have spread the Ponzi to Brazil. Dunno if that’ll be able to make up to 40% reduction in month to month traffic though.
But let’s drop the facade. You’re insinutating that not getting shut down equates to legitimacy.
Getting shut down by regulators doesn’t confirm securities fraud. Royal Q’s business model does, which anyone can confirm.
MLM company owners hiding their identities isn’t a “sure sign of fraud”, it’s a major red flag that lends itself to fraud. It’s also a potential violation of the FTC Act.
Facts are facts irrespective of the source. I don’t present beliefs. Also, and this should be obvious, BehindMLM isn’t an MLM company.
Damn son, the Beurax butthurt is real.
People should believe Oz because of his record of being proven right.
Whereas people should NOT believe you because you and other ponzi pimps have ALWAYS BEEN PROVEN WRONG.
EVERY…
SINGLE…
TIME…
Your beloved ponzis **ALWAYS** go down in flames.
I believe OZ is right been saved three times from scams and the recent was the blq football issh.
Now when a friend added me to this royal q inhad to consult mr. OZ first. And since he has proved right the three times on my side, I strongly believe royal q is scam.
You can check his prev reviews on precious scams, see where he is wrong and highlight that.
Key questions:
1. Who is the owner of the royal q?
2. Are they registered with the security blahs blah?
If you staunch members of the bot cabt answer such simple questions then I wonder where you get the energy to defend such issh.
Thanks mr. OZ am saved the fourth time now.
Review updated to note RoyalQ 2024 reboot as a Chinese “click a button” app Ponzi.