World Trade Coal Review: Coal themed Ponzi scheme
World Trade Coal fails to provide ownership or executive information on its website.
World Trade Coal’s official marketing videos are a combination of Fiverr actors and stock footage:
World Trade Coal’s website domain (“worldtradecoal.com”), was privately registered on August 25th, 2023.
In an attempt to appear legitimate, World Trade Coal provides shell company details for “World Trade Coal Limited”.
As per the supplied certificate above, World Trade Coal Limited was purportedly registered in Iowa on September 19th, 2023.
Attached to World Trade Coal Limited’s shell company is an address in Iowa that has nothing to do with the company.
Due to the ease with which scammers are able to incorporate shell companies with bogus details, for the purpose of MLM due-diligence these certificates are meaningless.
World Trade Coal also provides a FinCEN certificate and MSB registration number.
Putting aside this is tied to the aforementioned shell company, FinCEN is not a financial regulator. Like shell company certificates, for the purpose of MLM due-diligence FinCEN certificates are also meaningless.
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.
World Trade Coal’s Products
World Trade Coal has no retailable products or services.
Affiliates are only able to market World Trade Coal affiliate membership itself.
World Trade Coal’s Compensation Plan
World Trade Coal affiliates invest funds on the promise of advertised passive returns:
- Basic – invest $25 to $2500 and receive 1.5% a day for 170 days
- Premium – invest $2501 to $10,000 and receive 1.8% a day for 160 days
- Deluxe – invest $10,001 to $25,000 and receive 2.2% a day for 150 days
- Ultimate – invest $25,001 to $50,000 and receive 2.7% a day for 140 days
Note that unless additional fees are paid, World Trade Coal does not return invested funds at maturity.
Also note that World Trade Coal only permits ROI withdrawals twice a month. An 8% fee is charged on all World Trade Coal withdrawal requests.
The MLM side of World Trade Coal pays on recruitment of affiliate investors.
World Trade Coal Affiliate Ranks
There are eleven affiliate ranks within World Trade Coal’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Associate – generate $500 in accumulated downline investment on both sides of the binary team
- Brand Associate – generate $5000 in accumulated downline investment on both sides of the binary team
- Sales Associate – generate $10,000 in accumulated downline investment on both sides of the binary team
- Senior Associate – generate $25,000 in accumulated downline investment on both sides of the binary team
- 1 Star Executive – generate $50,000 in accumulated downline investment on both sides of the binary team
- 2 Star Executive – generate $100,000 in accumulated downline investment on both sides of the binary team
- 3 Star Executive – generate $250,000 in accumulated downline investment on both sides of the binary team
- 4 Star Executive – generate $500,000 in accumulated downline investment on both sides of the binary team
- 5 Star Executive – generate $1,000,000 in accumulated downline investment on both sides of the binary team
- Ruby Ambassador – generate $1,500,000 in accumulated downline investment on both sides of the binary team
- Diamond Ambassador – generate $3,000,000 in accumulated downline investment on both sides of the binary team
Referral Commissions
World Trade Coal pays referral commissions on funds invested by personally recruited affiliates.
Referral commission rates are determined by how much a World Trade Coal affiliate has invested:
- Basic and Premium tier affiliates earn a 7% referral commission rate
- Deluxe tier affiliates earn an 8% referral commission rate
- Ultimate tier affiliates earn a 9% referral commission rate
Residual Commissions
World Trade Coal pays residual commissions via a binary compensation structure.
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 there is no limit to how deep a binary team can grow.
At the end of each day World Trade Coal tallies up new investment volume on both sides of the binary team.
Residual commissions are paid as 10% of new investment volume on the weaker binary team side.
Note that residual commissions are capped based on how much a World Trade Coal affiliate has invested:
- Basic tier affiliates can earn up to $1000 a day
- Premium tier affiliates can earn up to $2500 a day
- Deluxe tier affiliates can earn up to $5000 a day
- Ultimate tier affiliates can earn up to $7000 a day
Once paid out on, volume is matched against the stronger binary team side and flushed. Any leftover volume on the stronger binary team side carries over.
Rank Achievement Bonus
World Trade Coal rewards affiliates for qualifying at Associate and higher with the following one-time Rank Achievement Bonuses:
- qualify at Associate and receive $15
- qualify at Brand Associate and receive $125
- qualify at Sales Associate and receive $300
- qualify at Senior Associate and receive $700
- qualify at 1 Star Executive and receive $1500
- qualify at 2 Star Executive and receive $3500
- qualify at 3 Star Executive and receive $10,000
- qualify at 4 Star Executive and receive $25,000
- qualify at 5 Star Executive and receive $50,000
- qualify at Ruby Ambassador and receive $75,000
- qualify at Diamond Ambassador and receive $100,000
Membership Bonuses
Deluxe and higher World Trade Coal affiliates can pay fees to receive additional benefits.
Prime Membership ($250 for Deluxe and Ultimate tier affiliates)
- 50% of invested funds returns on maturity of active investments
- bonus 1% on referral commissions
- withdrawal fee reduced to 7%
- withdrawal frequency increased to three per month
- residual commission earning cap increased to $7000 (not applicable if Ultimate tier)
Platinum Membership ($750 for Ultimate tier affiliates)
- 100% of invested funds returns on maturity of active investments
- bonus 2% on referral commissions
- withdrawal fee reduced to 6%
- withdrawal frequency increased to three per month
- residual commission earning cap increased to $10,000
Joining World Trade Coal
World Trade Coal affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $25 investment.
World Trade Coal Conclusion
World Trade Coal’s provides a bunch of vague marketing nonsense tied to the coal industry.
“Blockchain solutions” is mentioned…
Leading the Coal Industry to New Heights Through High-Tech Blockchain Solutions
…but doesn’t appear to be anything beyond an excuse for World Trade Coal to solicit investment in cryptocurrency.
Despite there being no evidence World Trade Coal has anything to do with the coal industry, even if you bought into its marketing ruse the company’s business model fails the Ponzi logic test.
World Trade Coal claims to be “one of the largest and most trusted names in coal management”. If that’s the case and World Trade Coal already has business operations capable of legitimately sustaining returns of up to 2.7% a day, what do they need your money for?
As it stands, the only verifiable source of revenue entering World Trade Coal is new investment.
Using new investment to pay affiliate withdrawals would make World Trade Coal a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve World Trade Coal of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Jake is actor too Global x capital.
I noticed that. Reused the “jake” Fiverr screenshots. Figure there’s a good chance the same scammers are behind GlobalXCapital and World Trade Coal.
Hi Oz, was the website domain registered in 23, and not 24?
Indeed supposed to be 2023. Thanks for catching that!
Do not invest in WTC!! I did and biggest mistake ever!! They did never send me my ROI!
I have put in tickets requesting they deleted my tickets. Disabled my chat after requesting on chat on their site. And totally ignoring me on what’s app chat!! Tried for 3 weeks and nothing!!
As the story continues on WTC they contacted me today because they saw this comment saying I was talking bad about them. In my defense I am just telling the truth to prevent someone from misery.
Anyways they said they fixed the problem but still never received my withdraw and yes the address was correct! They fixed it alright they blocked me from accessing my account.
Even though I reset my password and tried again still not able to access my account so they look innocent but really they blocked my account. PLEASE do yourself a favor and don’t invest in WTC.
No withdrawals received and will just block you from your account and then make up lies to look innocent. If you don’t believe me. Email me at [removed] and I will send you screenshots!
In case it wasn’t obvious, your money is gone and it’s probably best to cut all contact. You’ll probably be offered a bribe payment to write in and request I delete the above comments at some point.
Preemptively I’m telling you that’s not happening.
Thank you immensely for the in depth and critical appraisal of one these scam schemes on the internet.
I fell victim to one Ampolandco who promised the outrageous daily interest of 4.6%, but am now wiser to do due diligence.
Glad to hear our research has helped you with due-diligence!