BullTrade : Is It a Dangerous Scam? (2023 Review)
BullTrade’s website doesn’t include any information on ownership or executives.
On March 20, 2023, Bull Trade privately registered the domain name “bulltrade.io” for its website.
Four promotional movies that appear to link BullTrade’s operator to India can be seen on the company’s official YouTube channel:
This is further supported by the fact that BullTrade’s “English” marketing film is a robodub. This is characteristic of administrative staff who do not speak English as their first language.
Always consider joining and/or giving any money to an MLM firm very carefully if it is not openly forthcoming about who is in charge of or owns it.
BullTrade does not offer any goods or services for retail sale. Only the BullTrade associate membership itself may be marketed by affiliates.
Their Compensation Plan
BullTrade affiliates invest in cryptocurrencies using USD counterparts. This is carried out in anticipation of the advertised returns:
- Daily Plan 1 pays 0.4% each day on investments between $5 and $499.
- Weekly Plan 1: Put $5 to $499 down and get 4% back each week.
- Yearly Plan 1: Earn 400% annually by investing $5 to $499.
- Daily Plan 2: Receive 0.5% daily on investments between $500 and $4999.
- Daily Plan 2 – Earn 5% weekly on investments between $500 and $4999.
- Invest $500 to $4999 in Yearly Plan 2 to earn a 500% annual return.
- Daily Plan 3: Invest $5,000–$100,000 and earn 0.6% every day
- Weekly Plan 3: Make an investment of $5000 to $100,000 to receive 6% weekly.
- Spend $5000 to $100,000 in Yearly Plan 3 to earn an annual return of 600%.
BullTrade uses a unilevel system of compensation to provide commissions for referrals on invested monies.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they personally recruited is positioned immediately according to them (level 1).
If any level 1 affiliate brings on new affiliates, the new affiliates are assigned to the original affiliate’s unilevel team at level 2.
In the event that any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on and so on down a theoretically unlimited number of groups.
BullTrade sets a limit of ten for payable unilevel team levels.
As a proportion of the bitcoin invested over these ten levels, the following is how referral commissions are paid:
Level 1 (personally recruited affiliates: 5%; Levels 2 through 10: 0.5%
How to Join
Membership for their affiliates is free.
A minimum investment of $5 is necessary to fully participate in the linked income opportunity.
The company invites investors to buy into a variety of cryptocurrencies.
Conclusion of BullTrade
It claims to earn money through trading cryptocurrencies in the outside world.
In addition to being unsupported by any proof, BullTrade’s statements defy the logic of the Ponzi scheme.
Without compounding, 600% annually equals 1.6% per day. Anyone who can earn that kind of money legally isn’t giving you access to anything.
Additionally, they are not idly operating anonymous admin websites.
Currently, new investments are the sole verified source of income entering BullTrade. BullTrade is a Ponzi scheme since it uses fresh investments to give affiliates daily, monthly, or annual returns.
When affiliate recruiting stops, fresh investment stops as well, as is the case with all MLM Ponzi schemes.
BullTrade will eventually collapse since this will starve it of ROI income.
Ponzi schemes’ mathematical foundations make it inevitable that the majority of participants will lose money when they fail.