EthTrade Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, EthTrade has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell EthTrade in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for EthTrade.
I wanted to gather all the information about EthTrade in my EthTrade Review in order for you to make a decision about joining EthTrade.
Is EthTrade legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of EthTrade.
Read on to find out what you need to know.
What The Heck Is EthTrade?
EthTrade is a new investment opportunity that involves affiliates investing amounts with the promise of various ROI’s. The company website was registered in February of 2016, but kept all registration details set to private. The site itself fails to mention anything about who owns or runs the company.
The majority of web traffic that visits the site originates in the US, but videos uploaded to the official youtube account would suggest that the company is being run from either Russia or China (which happen to be the second and third largest sources of traffic). The site seems to be full of misdirection, with some elements pointing towards an address in Hong Kong. This turns out to be for a company that sells mailing addresses, though, so is simply a front and offers no further clues as to who is operating EthTrade or where from.
MLM companies that offer legitimate opportunities will be open and transparent about their corporate setup so potential investors can fully research the proposition before investing. Those that are secretive, such as is the case here with EthTrade, must be approached cautiously because it can be indicative that things aren’t completely above board.
What Are The EthTrade Products?
EthTrade do not offer any products or services for sale to retail customers. The compensation plan rewards affiliates for their ability to recruit new members to the scheme.
What About The Compensation Plan For EthTrade?
The core premise of the EthTrade compensation plan is that affiliates invest an amount between $10 and $30,000 with the promise of a monthly ROI that can be up to 25%.
There are limits on when affiliates can withdraw funds from their accounts, which if not followed, can incur penalty charges. The investment rules are as follows:
- Withdrawing funds within 60 days of making an investment results in a charge of between 15% and 30% of the amount invested.
- There are weekly investment and withdrawal limits. These vary depending on how much an affiliate has already invested and the total that has been invested by other affiliates that they have directly recruited
- Affiliates can earn an ROI of up to 30% per month by investing between $5000 and $100,000, but these ROI’s must be kept in the EthTrade account for at least 180 days. If not, a charge of up to 85% of invested funds may apply.
EthTrade calculates referral commissions based upon a unilevel compensation model. This is made by putting you, as a new affiliate, in a position at the top of the structure. Every new affiliate that you recruit is put in a position directly beneath you to form the first level. Everyone recruited by those on the first level is put in a position directly beneath whoever recruited them, and this forms the second level. This process continues and can, in theory, go on for an infinite number of levels although EthTrade simply pays out commission on the first 5.
The commission level depends on how highly ranked an affiliate you are and ranges between 1% and 10% of ROI payouts to those in the first 5 levels of the unilevel structure.
The top affiliate level that requires you to have generated at least $1,000,000 in downline investment is called Co-founder+. Affiliates at this rank Receive a commission of $3000 for every $100,000 that is invested within their downline.
What’s The Cost Of Joining EthTrade?
There is no charge to become an affiliate member with EthTrade. You are, however, required to make an initial investment of between $10 and $30,000 to be able to take part in the compensation plan on offer.
So, Is There A EthTrade Scam Going On?
Have you been hearing rumours that EthTrade is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a EthTrade scam going on?
If I am being perfectly honest, EthTrade isn’t entirely a scam.
However, there are some things you need to watch out for.
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Finally, My EthTrade Review And Conclusion!
With no products being available for sale to generate income, the question must be asked of how EthTrade are managing to generate the required amounts to pay the ROI’s. They say that they are funding this by trading in cryptocurrencies,
“Traders of our company operate with the currency pairs… offering an increase in your initial investment of up to 25% on a monthly basis using out financial management service.
These results are available immediately after you register an account no investment required
We only use the most experienced asset managers, vetted professional traders and release detailed financial reports on the status of your assets.”
The idea that the EthTrade admins are able to generate returns of 30% per month to pay the promised ROI’s is unrealistic. If it were possible to make that kind of return, all they would need to do is take a small loan and they would have made a huge amount within a short space of time without needing to set up an MLM company. There’s simply no evidence at all that they are managing to generate any funds to sustain the promised returns, with the only tangible source of revenue for the company coming from the investments that are being made by affiliates.
The concern here is that EthTrade is simply paying the ROI’s from funds that have been invested by affiliates. If they are doing this, then it is a blatant Ponzi scheme that is completely unsustainable. This is the likely scenario, and would explain the admins’ reluctance to divulge who they are so when things go wrong they won’t be held accountable for it.
Add this problem to the other part of the compensation plan that encourages the mass recruitment of new affiliates, and you have a company structure that is doomed to fail and con a lot of people out of their money. While new recruits keep joining, they will be able to sustain the payouts. When recruitment hits the inevitable wall, though, these payments will cease and the company will collapse. At this point, anyone who hasn’t made their money back will lose out- a position that the vast majority of members will find themselves in.
Cryptocurrency opportunities are not always bad news, but are by no means a way to make such large profits as are being claimed here. EthTrade may offer enticing headline figures, but they will never be able to keep to them. The secrecy of the corporate structure is suspicious to say the least and in itself should be enough to question the validity of the proposition. There are plenty of other opportunities out there, don’t get caught up in this one.
I really hope you have gained value from my EthTrade Review.
I wanted to make sure you had all the information you needed, because most other EthTrade reviews are just trying to sell you something.
If you really do decide to join EthTrade, I want you to succeed with your business. Learn how to market yourself properly!
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