CPS Traders Review – Is This A Good Opportunity Or Big Scam?
CPS Traders has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling CPS Traders.
I have simply gathered for you all the facts in this CPS Traders Review in order for you to make a proper decision about it.
So, is it true? Is CPS Traders a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is CPS Traders?
In the case of CPS Traders, we’re met with yet another MLM company website that omits any information at all in regards to background information for the businesses in question. This is something that’s been occurring more and more often in the MLM realm, and as popular of a trend as it is, it’s something that we would like to see stopped.
When a company doesn’t provide any information in regards to who’s running it or who created it, you’re left with little more than a faceless company. That’s never a good way to run a company, and it’s something that most frequently pops up when dealing with companies that turn out to be nothing more than scams of some sort.
However, we were able to determine that a company by the name of “MMO24hs Group” is listed to be the parent company and “financial group” of CPS Traders. MMO24hs Group supposedly has reps living in Hong Kong, Japan, Australia, the United States, and the United Kingdom. The company claims to have been founded back in 2009 by “bitcoin miners and traders”, and has “reached over 610 employees of programming (sic), trading, mining and advertising since January of 2016.”
Moving back to the website for CPS Traders, we can see that the domain name for their site was registered back on June 17th of this year – 2016.
With such little information being provided on either CPS Traders or MMO24hs Group, we aren’t left with that great of a first impression for this MLM opportunity.
In any case, here’s what the company has to bring to the table.
What Are The Products For CPS Traders?
In continuation with unhealthy trends, CPS Traders has decided to omit any sort of product line from their business model. This is yet another move that we’re seeing quite frequently with other multi-level marketing startups, but this one is much more serious than failing to provide ample background info on your company’s site.
When a company doesn’t have any sort of product line, that means that there isn’t any chance for retail sales to take place within the company. With retail sale unable to take place, CPS Traders isn’t receiving any funds at all from selling products or services,
Instead, the primary source of revenue for the company is coming from investments that they’re receiving from their affiliates. This is an act that we often see pop up with Ponzi schemes, and that’s what the case is looking like for CPS Traders at this point.
What Is The Compensation Plan For CPS Traders?
Moving on to the compensation plan that the company is using, affiliates are able to invest in Trading Points in order to receive an ROI. This ROI is paid out after 100 days, and in addition to this, affiliates can also earn on shopping activity that takes place throughout their downline and by recruiting other people to join the company’s affiliate program.
Speaking of those Trading Points, let’s talk about those a little bit more. Trading Points are a form of virtual currency that CPS Traders has based their company off of, and they come out to an equivalent of $1 per 1 Trading Point.
Affiliates can earn these Trading Points by either investing directly into them or by spamming social media and other channels online with advertising for CPS Traders.
Upon signing up as an affiliate for the company, an option is given to spend so much money a month on a membership plan.
You can start out for free, and this will earn you 50 Bonus Points.
From there, there’s the Starter plan for $10/month that’ll earn you 100 Bonus Points, the Inter plan that will get you 120 Bonus Points but cost you $50/month, and the Super plan that runs for $100/month and allows you to get 150 Bonus Points.
Once an affiliate sends out spam for CPS Traders for a total of 70 days, they’re able to turn those Bonus Points into Trading Points that actually have some cash value.
As we mentioned above, one way affiliates are able to earn cash is through the shopping activity that takes place throughout their downline. This shopping activity comes from an e-commerce platform that CPS Traders has established, and it is used to simply sells products from third parties.
When products are purchased from the platform by affiliates within the company, CPS Traders are able to take a share in a certain percentage of the commission that is generated by the merchant.
These commissions are paid out to affiliates through a unilevel structure, and the first 5 levels of it are capped in regards to who’s eligible to receive these payments.
Here, paying more for your monthly membership will result in you being eligible to earn on more levels through these commissions.
When an affiliate for CPS Traders recruits someone new to join the company, they are able to earn a commission. Similar to the shopping commissions above, paying more for the membership results in you earning more money from the recruitment commissions.
What’s Does It Cost To Join CPS Traders?
If you’d like to join CPS Traders as an affiliate, you’ll be able to initially sign up for free. However, if you want to maximize your potential to earn money throughout the company, you’ll need to pay a monthly membership fee.
The three plans available are the Starter, Inter, and Super plans; they cost $10, $50, and $100/month respectively.
Is CPS Traders A Scam?
Have you heard from a friend that CPS Traders is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about CPS Traders – is it a scam or legit?
Good news – CPS Traders is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
CPS Traders Review Conclusion
Overall, CPS Traders is really operating as nothing more than a Ponzi scheme.
Here’s the deal – the company is advertising that they’re able to make money through “bitcoin mining and trading, forex, e-commerce, advertising, and software and app development.”
However, after looking through the company, the only real source that’s generating any source of income for CPS Traders is the e-commerce side of things.
While that’s fine on its own right, CPS Traders is clearly using invested funds from new affiliates to pay off commissions and ROIS that the owe to older affiliates. Since this is taking place, CPS Traders is a Ponzi scheme.
In addition to this, it’s also quite clear that CPS Traders is using a pay-to-play factor as well. If you want to be truly successful within the company, you’re required to pay more and more to increase your potential to earn.
At the end of the day, CPS Traders will run into major trouble one recruitment and investment levels die down. This will result in the company running out of funds to pay off the ROIs and commissions that they owe, but because of that 100-day waiting period for the ROI, it will more than likely be too late for investors to realize that something is amuck until it’s far too late.
I sure hope that you have found my CPS Traders review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my CPS Traders review to have all the information for you.
If you decide to carry forward with CPS Traders, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.