TradeProfit Review: Daily returns “investment experts” Ponzi
TradeProfit provides no reliable executive or company ownership information on its website.
TradeProfit does provide “expert team members”, however these are fake names represented by stock photos:
In an attempt to appear legitimate, TradeProfit provides UK incorporation details for “Tradeprofit.net”.
A search of Companies House reveals the provided incorporation details don’t exist.
TradeProfit’s website domain (“tradeprofit.net”), was privately registered on March 21st, 2022.
Despite only existing for a few months, TradeProfit falsely claims it has “years of experience”. Experience in what isn’t clarified.
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.
TradeProfit has no retailable products or services.
Affiliates are only able to market TradeProfit affiliate membership itself.
TradeProfit’s Compensation Plan
TradeProfit affiliates invest USD cryptocurrency equivalents on the promise of advertised daily returns:
- Basic Plan – invest $300 to $49,999 and receive 2% a day for 6 days
- Standard Plan – invest $50,000 to $99,999 and receive 2.5% a day for 6 days
- Premium Plan – invest $100,000 or more and receive 4% a day for 20 days
Note that in order to continue earning, reinvestment is required after a plan expires.
TradeProfit affiliates must reinvest more than they last invested.
TradeProfit pays a flat 10% referral commission on investments by personally recruited affiliates.
TradeProfit affiliates who build a downline of sixty affiliates who’ve invested are paid $500 a month.
TradeProfit affiliates who build a downline of one hundred affiliates who’ve invested are paid $800 a month.
TradeProfit affiliate membership is free.
Full participation in the attached income opportunity requires a $300 or higher initial investment.
Reinvestment amounts after an investment plan expires must be higher than the previously invested amount.
TradeProfit represents it generates external revenue via funds “managed by a team of investment experts”.
There is no evidence provided to support these claims. Like everything else on TradeProfit’s website, it is a lie.
As it stands the only verifiable source of revenue entering Trade Profit is new investment.
Using new investment to pay affiliates a daily return makes TradeProfit a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Trade Profit of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.