Buyer Beware

Zylo Trade Limited: Ponzi Scheme Targeting Muslims

Is Zylo Trade Limited A Scam?W2shZFaewohbk5jGdNWGUKoEnyd2b1lFSzJzpjp2D eYIYoVZLr5YsZK9GSIzUqHdfEVOCvh2yI4Jtq5P2V83xIC9 J2gYmhjxXVhlfn bhJ79 KwpCPBovkCYRVKZcabDBzyl7JJjTnG6DwvVV4BGpD4WQlHUyWAfNmmOV74KMgPZYbsXpedM8b9YMnHg

Zylo Trade has no verifiable ownership or executive information on its official website. The people behind the company are doing their best to stay anonymous and untraceable.

However, they have provided one piece of interesting information, which is their team members but taking a closer look, we’ll notice the images are simply random stock photos that they’ve stolen from websites.

The domain name zylotrade.com was registered a couple of months back on August 18, 2022. But instead of telling the truth, Zylo Trade claims to be founded in 2018.

Recently, Zylo Trade published a video on its official YouTube channel, titled, Boris CEO Marketing video.

The actor who plays the role of this CEO “John Duncans Alexander” is a non-native English speaker and is possibly from Spain or Italy.

He is possibly hired from online freelancing platforms like Fiverr or Upwork as he does not appear anywhere on Zylo Trade’s official website.

They uploaded a second video where the actor playing the CEO role is reading off a script. It is obvious that the John Duncans Alexander character is not the actual CEO of Zylo Trade nor does he exist. I’m trying to get in touch with the actor playing the CEO role, when I do, I’ll ask the moderators for permission to edit this article.

Zylo Trade has even disabled comments on their YouTube videos.

Their Facebook page is managed from India and the company is likely being operated from India, Russia, or Ukraine.

In an attempt to mask their location, they provide a random corporate address in the UK.

They also provide worthless certificates for the US, Kenya, UK, Nigeria, Uganda, and Pakistan, all of which are unverifiable and simply meaningless.

They have no retailable products or services, similar to other Ponzi scams. Affiliates can only market the Zylo Trade membership itself.

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How Their Compensation Plan Works

Zylo Trade

Zylo Trade affiliates are lured to the company by their too-good-to-be-true ROI.

There are 3 investment tiers in Zylo Trade

Investment Packages

  • Package 1, where you can invest anywhere from $20 to $4999 and receive 1% per day for 200 days. A promised ROI of 200%.
  • Package 2, with an investment range of $5000 to $19,999 and a promised return of 270% after 180 days (1.5% a day)
  • Package 3, where you can invest anywhere from $50,000 to $99,999 and receive 2.5% a day for 160 days. A promised ROI of 320%
  • Package 4, where you can invest from $50,000 to $99,999 and receive 2.5% a day for 140 days, aka a 350% ROI.
  • Package 5, where you can invest $1000,000 to $149,999 and receive 4% a day for 120 days, aka a promised ROI of 480%

What is a Ponzi Scheme?

A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.

Fixed Packages

  • Package 1
    Investment Range: $20 – $4999
    ROI: 2% per day for 250 days
    ROI in percentage: 500%
  • Package 2
    Investment Range: $5000 – $19,999
    ROI: 3% per day for 250 days
    ROI in percentage: 750%
  • Package 3
    Investment Range $20,000 – $49,999
    ROI: 4% per day for 250 days
    ROI in percentage: 1000%
  • Package 4
    Investment Range:$50,000 – $99,999
    ROI: 5% per day for 250 days
    ROI in percentage: 1250%
  • Package 5
    Investment Range: $100,000 to $149,999
    ROI: 8% a day for 250 days
    ROI in percentage: 2000%

Sharia Plan

  • Package 1
    Investment Range: $20 – $4999
    ROI: up to 1% per day for 200 days
  • Package 2
    Investment Range: $5000 – $19,999
    ROI: up to 1.5% per day for 180 days
  • Package 3
    Investment Range: $20,000 – $49,999
    ROI: up to 2% a day for 160 days
  • Package 4
    Investment Range: $50,000 – $99,999
    ROI: up to 2.5% per day for 140 days
  • Package 5
    Investment Range: $100,000 to $149,999
    ROI: up to 4% a day for 120 days
See also  FXPro

Zylo Trade’s Referral Commissions

The company pays a referral commission on the funds invested by affiliates personally. The rates depend on the Package tier chosen by the recruited affiliate.

For Package 1, the affiliate gets a 7% referral commission rate. For Package 2, an 8% referral commission rate, and  For Package 3, a 9% referral commission rate. For Package 4, a 10% referral commission rate. For Package 5 a 12% referral commission rate.

There are also residual commissions at Zylo Pay. At first glance, it looks like a Pyramid scheme.

Rewards & Bonuses 

For qualifying as a contributor, the affiliate receives a smartphone or $125. At Scholar an iWatch or $250. At Specialist, an iPad or $500. At Advanced an iPhone or $1250. At Professional a Dubai Trip or $2500. At Expert “Country Recognition + Office Sponsorship” or $6000. At Hustler an invitation to visit headquarters or $17,500. At Master a BMW car or $67,500. At Supreme a luxury Europe trip for 5 members or $100,000.

There are also direct bonuses. Zylo Trade affiliates who invest from $10,000 to $49,999 in a single deposit will receive a share in 2% company-wide-investment. The share is increased to 3% for $50,000-$99,999 investments and 5% for $100,000 investments.

Verdict

Zylo Trade claims to generate external revenue from Forex Trading, NFT, Gold Trading, Staking, Cryptocurrency Trading, and Defi Protocols. However,r they fail to back up these claims with any evidence. 

Zylo Trade is an unregulated investment opportunity.

They are not registered to offer securities in any jurisdiction.

Their whole business model also doesn’t withstand scrutiny. Generating 8% a day consistently is simply impossible when we consider how money work.

If the owners of Zylo Trade had strategies to generate 2000% ROI, then why would they share it with others?

Zylo Trade takes money from its newly recruited affiliates to pay the old ones. The classic Ponzi scheme.

This business model is not sustainable at all and is outright fraudulent. 

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Getting involved in promoting such ventures might even lead to securities fraud charges.

Under Sharia law, investing in fraudulent schemes is not allowed.

1 Comment
  1. Reply
    Zylo Trade is the best
    December 6, 2022 at 9:23 am

    BENEFITS OF THE ZYLO TRADE PLATFORM

    Zylo Trade was formed in 2018 with the aim of being the top investing and trading platform in order to offer customers a choice of holistic administration from our business all over the world.

    One of the most popular and reputable platforms for trading cryptocurrencies, forex, Defi Protocols, NFT, gold, and staking is Zylo Trade. The platform aims to help users earn more money and have better more secure financial lives.

    Many people have benefited from our assistance more quickly and effectively in achieving their big financial goals. We aspire to be leaders in whatever we do. The highly qualified, professional, and experienced staff members can always direct clients in the right direction based on their needs and preferences. We are motivated to push harder for their achievement by their faith in us. We are successful in all of these fields because of customers.

    Zylo Trade provides excellent services, such as trading in cryptocurrencies, forex, Defi Protocols, NFT, gold, and staking. Without having to overcome the difficulties that come with learning how to make online investments, we give you the opportunity to earn daily money.

    Being the absolute best means providing top-notch customer service and the best rates to grow with us. Zylo Trade has set itself up to maximize potential by combining a number of factors. More people than ever are interested in Forex and cryptocurrencies. Our main objective is to use a variety of activities to distribute investments to raise money carefully. We concentrate on supporting the speculations in generating assets by underwriting across numerous endeavors for a reasonable profit.

    Such a vast project is only viable with a comparable large financial return. Forex and bitcoin are the best ways for us to give refunds to our esteemed customers. These are two key money-related categories. Zylo Trade focuses on obtaining financial and monetary soundness in order to meet the demands of increasing ages. We maintained our standards and great spirits while continuing to work toward our goal. Now, the sector for developing and convincingly gaining entry into the financial world will imitate Zylo Trade.

    We offer dependable and effective trading solutions. For our members, just investments and profit withdrawals are required. There is no prerequisite for past trading experience.

    Zylo Trade Investment uses master agents and bots to efficiently analyze and trade after completing a thorough planning process. Our top-notch projections will reward and refund any trades and investments you make using our special approach.

    For different types of investors, we offer adaptable investment plans. If investors want daily gains ranging from 1% to 4%, they can opt-in with standard investment packages. Investors who think it’s important to set long-term goals and objectives can invest in our fixed deposit plans and earn up to 8% daily. Investors who adhere to Sharia law, however, can do so with our Sharia package, which offers daily returns ranging from 0.9% to 4%.

    The cryptocurrency market is sustaining the rise of online forex trading and making this asset class more accessible to the typical retail investor. We are adamant that we can change the industry by giving traders greater service, cheaper spreads, and faster execution. Our objective is to control the online foreign exchange industry.

    By providing them with financial support, aiding them in the spread of the social responsibility movement, and attracting and expanding deposits to maximize financial return for clients, we hope to significantly improve the daily lives of many people.

    At Zylo Trade, we make an effort to make sure that the service we provide continues to advance and grow. One of our goals is to connect with traders anywhere in the world while growing into the most reputable information source and forex trading business.

    We wish to give our audience, which includes both new and seasoned forex traders, as well as our partners and collaborators, opportunities to grow their careers (banks, educators, independent analysts, data providers and brokers).

    We offer the most up-to-date information and tools, like rates or charts, and market analysis, along with a wide variety of information sources, to enable traders to access the market deliberately with the aid of our team of professionals who are always monitoring the market.

    We observe strict honesty standards and don’t let brokers, interfaces, or other trade providers sway our ratings, reviews, or data.

    Zylo trade is a platform that caters to the needs of diverse choices of investors and hence offers a wide range of assets to choose from-
    NFT
    An NFT is a data structure that is held on a certain sort of digital ledger known as a blockchain and that may be purchased, sold, and swapped. The NFT could be linked to a particular tangible or digital good, such as music, artwork, or sports highlights.

    a license allowing the asset’s use for a specific purpose. An NFT (and, if applicable, the corresponding license to use, copy, or exhibit the financial instrument) may be purchased and sold on digital markets.

    Because NFT trading is extralegal, the informal exchange of possession that results usually has no legal basis for enforcement & frequently merely serves as a status symbol.

    A non-fungible token (NFT) is a sort of financial security created from digital data stored on a blockchain, a distributed ledger.

    The ownership of an NFT is recorded on the blockchain and transferable by the owner, making it possible to buy, sell, and trade NFTs. NFTs can be created by anyone, and coding is not always required.

    In NFTs, references to digital material, such as photographs, movies, and music, are prevalent. NFTs can only be uniquely identified once, in contrast to the fungibility of bitcoins. The market value of an NFT is based on the digital file it refers to.

    NFT supporters claim that NFTs give the public a public signed document or evidence of purchase, however, it’s not always obvious what legal rights an NFT actually communicates.

    To retain an NFT as defined by the blockchain, a digital file connected to a transaction does not need to be covered by copyright, intellectual property protection, or any other type of legal protection.

    An NFT does not prevent the creation of other NFTs related to identical digital copies, nor does it forbid their exchange or duplication.

    Through the fractionalization of tangible assets like real estate, NFTs can also democratise investing. A digital real estate asset can be divided between numerous owners far more easily than a physical one. This ethic of tokenization need not be limited to real estate; it can also apply to other assets, such as works of art. So a painting doesn’t necessarily need to have just one owner. The digital version’s numerous owners, each in charge of a portion of the painting, are possible. Such agreements might raise its value and revenue.

    The development of new markets and investment avenues is the most intriguing prospect for NFTs. Imagine a plot of land that has been divided up into several sections, each with its own unique features and forms of property. One of the divisions might be close to a beach, another might be in a complex with entertainment options, and a third might be in a neighborhood. Each piece of land is distinct, priced differently, and represented by an NFT depending on its features. Adding pertinent metadata to each NFT allows the complicated and bureaucratic process of real estate trading to be simpler.

    DEFI
    Decentralised finance (DeFi), a new type of financial system, is based on secure distributed ledgers similar to those used in cryptocurrencies. The system takes away the control banks and other financial institutions have over money, financial products, and financial services.

    The use charges that banks and other financial organisations levy are eliminated. You keep your money in a safe digital wallet rather than depositing it in a bank.

    Anyone with access to the internet can use it without getting permission. It only takes a few seconds or minutes to transfer money.

    Decentralised finance makes use of blockchain technology that powers cryptocurrencies. A blockchain is a decentralised, secure database or ledger. A program that handles transactions manages the blockchain.

    Transactions are stored on the blockchain called blocks, which are then verified by other users. The block is protected and encrypted if all of these verifiers agree on a transaction, and a new block is created with the information from the previous block inside it.

    The name “blockchain” describes the way that the data in each following block is “chained” with the previous blocks. A blockchain cannot be edited because updates to older blocks’ data always have an effect on later blocks. The idea’s security features when paired with additional security measures.

    DeFi is designed to carry out cryptocurrency transactions. Because the technology is still being developed, it is impossible to say with certainty how, if at all, present cryptocurrencies will be used. The idea is largely centered on the stablecoin, a cryptocurrency that is either insured by an organisation or connected to fiat currency like the dollar.

    By enabling individuals, businesses, and merchants to perform financial transactions through new technologies, decentralised finance eliminates middlemen. DeFi makes use of the connection, software, hardware, security protocols, and peer-to-peer financial networks.

    People can lend, trade, and borrow using software that logs and validates financial transactions in distributed financial databases from anywhere there is an internet connection. A distributed database collects and aggregates data from all users and utilises a consensus process to verify it, making it available from different locations.

    By enabling anyone to utilise financial services wherever they are, regardless of who they are or where they are located, decentralised finance eliminates the necessity for a centralised finance model. Through individual-focused trade services and personal wallets, Defi applications provide consumers with more control over their finances.

    GOLD TRADING
    Globally, gold is traded by funds, investors, and speculators in an effort to profit from price fluctuations or hedge against inflation. Discover the fundamentals of the gold market, factors that influence its price, and how to invest in gold stocks, futures, and options.

    Speculating on the price of gold in order to make money entails trading, which is frequently done through futures, options, spot prices, shares, and exchange-traded funds (ETFs). Instead of handling genuine gold bars or coins, the transaction is frequently paid in cash.

    You might decide to trade gold for a number of reasons, including pure speculation, the desire to buy and obtain real gold, or even insurance.

    You can go long and short on gold prices in order to profit from both rising and falling markets when you trade gold, so you don’t always have to follow the common adage of “buy low, sell high.” Regardless of your position, the aim of gold trading is to predict the future direction of the market. You would profit more if the market moved more in the direction you had predicted; you would lose more money if it moved more in the opposite direction.

    Investors are safeguarded by safe-haven assets during periods of market unrest or high volatility. Safe-haven assets at the very least guarantee capital preservation during tumultuous times. Gold has historically demonstrated its ability to operate as a safe haven, preserving or even rising in value when virtually all other assets fell in value.

    The fact that gold has maintained its aesthetic value from ancient times is a significant factor in this. Man has always been intrigued by its physical properties, which include its malleability, near indestructibility, and rarity. In contrast to fiat currencies, which can be easily created by the underlying governments or central banks, gold likewise has a finite quantity. Gold can only be extracted to a certain extent, and even when fresh deposits are found, the process can take years.

    Gold serves as a safe haven asset for investors, protecting them not just in times of prosperity when confidence is high but also in times of disaster. Nevertheless, it’s crucial to know how to trade gold in volatile markets. Gold has been found to function as a safe haven asset during times of financial crisis for a brief while until investor confidence starts to return or volatility starts to reduce. Therefore, investors can purchase gold during times of financial crisis when volatility is high and then sell it a few days later when the fluctuation returns to normal. Investors can earn profits during a market downturn while also, at the very least, protecting their wealth against extreme market volatility.

    Additionally, this means that gold can serve as a portfolio diversifier, lowering total risk while reducing possible rewards.

    CRYPTO TRADING
    A type of electronic or virtual currency known as cryptocurrency employs encryption to prevent fraud and double spending. Many decentralised cryptocurrency networks are built on blockchain technology, a divided ledger controlled by a distributed network of computers. Cryptocurrencies may be immune to intervention from or manipulation by governments because they are frequently not sanctioned by any centralised body.

    Cryptocurrencies can be mined or purchased on exchanges. Cryptocurrency transactions are not supported by all e-commerce platforms. Cryptocurrencies are really used in almost all retail transactions, even well-known ones like Bitcoin. But as their value has expanded exponentially, cryptocurrencies are now more widely accepted as trading commodities. They are used sporadically for international transactions.

    A blockchain that is spread over numerous computers is the foundation of the class of digital assets known as cryptocurrency. Due to their decentralised structure, they can function without the help of governments or other centralised authorities.

    Experts predict that blockchain and related technology will upend a variety of industries, including finance and law.

    The advantages of cryptocurrencies include quicker and less expensive financial transactions as well as decentralised systems without a single point of failure.

    The negatives of cryptocurrencies include their volatile values, high energy needs for mining, and use in illicit activities. 1 minute, 55 seconds of 0 seconds.

    Trading CFDs, which are derivatives, enables you to make predictions about the price changes of cryptocurrencies without acquiring any of the underlying coins. If you believe a cryptocurrency’s value will increase, you can go long (or “buy”), or short (or “sell”), if you believe it will decrease.

    Both are leveraged instruments, which means you just need to make a minimum margin deposit to fully access the underlying market. Leverage will increase both gains and losses because your profit or loss is still determined by the total size of your investment.

    You buy the actual coins when you buy cryptocurrencies on an exchange. To initiate a position, you must open an exchange account, deposit the full asset value, and keep the cryptocurrency tokens in your personal wallet until you are ready to sell.

    Exchanges have a very steep learning curve since you have to master the technology and understand how to interpret the data. The amount you may deposit on several exchanges is likewise restricted, and keeping an account can be highly expensive.

    FOREX TRADING
    The term forex is created by combining the words foreign currency and exchange. Foreign exchange, which is the process of changing one currency into another, frequently takes place for business, trade, or travel.

    According to the Bank for International Settlements 2019 triennial report, the daily trading volume for foreign exchange reached $6.6 trillion in April 2019. (a worldwide bank for national central banks).

    One such platform that guarantees unlimited profits while also assisting people in achieving financial independence is Zylo Trade. At Zylo, we make sure that forex trading is simple and affordable for everyone.

    The experts at Zylo keep tabs on the foreign exchange market, giving people the financial freedom they have always desired.

    Zylo is for you if you want to make significant gains without spending valuable time monitoring the market.

    Zylo is for you if you want to make significant earnings without having to invest your valuable time in market research.

    The importance of currencies can be summed up as the ability to acquire goods and services both locally and internationally. Foreign money must be exchanged in order to do business and commerce abroad.

    You must pay the French in euros, either directly or through the company from which you acquire the cheese if you live in the United States and wish to buy cheese from France (EUR). Accordingly, the American importer would need to convert an equivalent quantity of USD into EUR.

    One noteworthy aspect of this worldwide market is the lack of a central exchange market. Trading in currencies is now done electronically over the counter (OTC), which means that all transactions take place through computer networks among dealers all over the world rather than on a single centralised exchange.

    Currency exchange takes place on the foreign exchange market. Because they enable us to make local and international purchases of goods and services, currencies are crucial. To engage in foreign trade and business, foreign currency must be exchanged.

    If you reside in the United States and want to purchase cheese from France, you must pay the French in euros, either directly or through the company from which you purchase the cheese (EUR). This implies that the American importer would have to convert the USD equivalent amount to EUR.

    The same is true with travel. An Egyptian tourist from France cannot see the pyramids by paying with euros because that cash is not accepted there. The visitor must convert their euros at the current exchange rate for the local currency, in this case, the Egyptian pound.

    The place where currencies are traded in the FX market. It is the only continuously open market on the entire planet. In the past, institutional businesses and sizable banks that represented clients dominated the currency market. But in recent years, it has shifted toward the retail sector, and traders and investors with a range of holding sizes have started to participate.

    The absence of physical structures serving as trading venues for the markets is an intriguing feature of the global FX market. Instead, it consists of a network of connections created by trading platforms and computer systems. Institutions, investment banks, commercial banks, and retail investors all participate in this market.

    If you’re willing to invest in Zylo Trade, you are only a few steps away-

    STEP 1- SIGN UP

    STEP 2- INVESTMENT PACKAGE

    STEP 3- ADD FUNDS TO YOUR ACCOUNT

    STEP 4- INVESTMENT AND EARNING

    STEP 5- DOUBLE YOUR EARNING

    STEP 6- KEEP WITHDRAWING

    Zylo trade is the one-stop destination for you and your loved ones since along with the brilliant trading opportunities, it also provides amazing privileges-
    Privilege bonus

    A 2% Privilege Bonus on a single $10,000 investment. When a user invests $10000 to $49999 in a single shot, he or she becomes a Zylo Trade privilege user and is listed in the list of privileged users that may be viewed by all users at the time of investment. The privileged user receives 2% of any new investment made by a user who chooses his name and invests any amount.

    Prime Bonus

    A 3% Prime Bonus is available for a single $50,000 investment. When a user invests $50000 to $99999 in a single shot, he or she becomes a Zylo Trade Prime user, and his or her name will be listed among Prime users that are visible to all users at the moment of investment. The prime user receives 3% of any new investment made by a user who chooses his name and invests any amount.

    Director Bonus

    5% Director Bonus on a single $100,000 investment When a user makes a single shot investment of $100,000 or more, he automatically qualifies to become a director of Zylo Trade, and his name will be listed on the list of directors that all users can view when making an investment. The director receives 5% of any user’s new investment when they choose his name and make any size investment.

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