Trade Coin Club Scam – Review 2017
There has been a lot of news about this company, this is why we made this Trade coin club scam review!
Again this is a program that calls itself the “Best online earning opportunity”.
As we always point out…. to make sure you are joining a legitimate company it is important to do a lot of research before joining. To prevent that you invest your money in a company that collapses a couple of months later we are creating these reviews! In our review we will provide you with information about the company, their products and their compensation plan.
Trade Coin Club Scam Review – The Company
After we did some in depth research we couldn’t find any information about the company and who owns or operates Trade Coin Club. When we visited the website, there was nothing more than a registration/signup-page and the company’s logo. What we did find out is that the Trade Coin Club website domain was registered privately as “tradecoinclub.com” on 02-08-2016. After looking on Alexa ranking it seems that the biggest sources of traffic to the Trade Coin club website are the United States and Brazil.
Trade Coin Club Scam Review – The Products
Trade Coin Club does not offer any services or products. Affiliates who sign up with Trade Coin Club can only market and sell the affiliate membership. This is one of the biggest red flags.
Trade Coin Club Scam – Compensation Plan
Affiliates who want participate in the Trade Coin Club compensation plan must invest a certain amount of bitcoin that offers a daily ROI:
- Apprentice – Invest 0.25 to 0.99 BTC and receive a 0.35% daily ROI for 8 months
- Trader – Invest 1 to 4.99 BTC and receive a 0.4% daily ROI for 12 months
- Senior Trader – Invest 5 BTC or more and receive a 0.45% daily ROI for 12 months
Every affiliate who participates in the compensation plan is required to pay a 25% fee on ROIs every four months.
Trade Coin Club – Referral Commissions
Participating Affiliates can earn referral commissions that are paid out through a unilevel compensation plan,
This type of compensation plan will puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on “level 1”.
When a level 1 affiliate brings in new members, they are put on level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate brings in new members, they are put on level 3, etc.
Payable unilevels are capped by Trade Coin Club at 8.
Affiliates are paid a percentage of the money that is invested by their unilevel team, like so:
- Apprentice – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on level 4
- Trader – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 6
- Senior Trader – 10% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 8
Trade Coin Club – Recruitment Commissions
Besides the basic investment volume, every Trade Coin Club affiliate is required to pay a monthly fee:
- Apprentice – 0.015 BTC
- Trader 0.03 BTC
- Senior Trader – 0.045 BTC
These monthly fees are used to pay recruitment commissions through a 3×12 matrix. (Ponzi scheme?)
A 3×12 matrix puts an affiliate at the top of his own matrix that has 3 positions right under them.
These 3 positions make up the first level of your own matrix and the second level is made by adding another 3 positions under the first three, for a total of 9 positions.
Additional levels of the matrix are made the same way, up to 12 levels, and when it is full it has a maximum of 797,160 positions.
Matrix positions are filled through direct and indirect recruitment of new affiliates. (Red flag!)
Trade Coin Club – Cost To Join
The cost to join Trade Coin Club as an affiliate is based on the amount an affiliate invests:
- Apprentice (0.015 BTC a month) – Invest 0.25 to 0.99 BTC
- Trader (0.03 BTC a month) – Invest 1 to 4.99 BTC
- Senior Trader (0.045 BTC a month) – Invest 5 BTC or more
Conclusion On the Trade Coin Club Scam
Trade Coin Club claims to give out daily ROI’s based on cryptocurrency trading software:
“Our system makes millions of micro transactions every second, making it humanly impossible.
Allowing our members to generate profit every second, every hour and every day.”
We could not find any evidence of this trading software, and if it is true why would they need affiliates investments?Another red flag is the 25% ROI fee, we are sure that the only income source coming into this company is the investments of other affiliates. (Ponzi scheme!) As with all Ponzi Schemes, once affiliate recruitment dries out the gifting payments within the scheme can no longer be maintained.
If you are looking for a online program that has already proven itself as legit with multiple income streams.
Then we would like to advise you FutureAdpro.
I believe this should give you a nice overview about Trade Coin club
Feel free to share your thoughts, questions or testimonial below!