Beware of MultiTrade Global – Review

MultiTrade Global’s website has no information about the company’s ownership or management.

“multitrade-global. cc” and “multitrade-global.org” appear to be the domains of MultiTrade Global.

The.ORG website was operational until quite recently. It’s returning the following maintenance notice today:

The.CC website is still up and running, however, it is primarily in Russian.

MultiTrade Global gives the following information to seem legitimate:

Since 2015, our company has been in business. Multitrade Global LTD was legally incorporated as a legal company in the United Kingdom under the number 13700888 in 2021.

MultiTrade Global LTD, formed on October 25th, 2021, has that incorporation number.

A MLM firm based in the United Kingdom, or claiming to be based in the United Kingdom, is a red sign.

The cost of forming a company in the United Kingdom is quite low, and it is practically uncontrolled. Furthermore , the UK’s leading financial regulator, the FCA does not actively monitor securities fraud associated with MLM.

As a result, the United Kingdom is a popular destination for fraudsters trying to set up, operate, and advertise fictitious businesses.

Incorporation in the United Kingdom or registration with the Financial Conduct Authority has no bearing on MLM due diligence.

In contrast to the United Kingdom, MultiTrade Global has links to Russia.

MultiTrade Global’s website has an “Alikassa” button in addition to Russian as a website language.

Alikassa is a payment processor based in Russia:

The official YouTube channel for MultiTrade is also quite obvious:

According to Alexa, Russia is the biggest source of the traffic to MultiTrade Global’s.CC website (33%), followed by Vietnam (18%) and Ukraine (12%). (15 percent ).

As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.

The Products of MultiTrade Global

MultiTrade Global does not sell any items or services to the general public.

MultiTrade Global affiliate membership is the sole product that affiliates may sell.

Compensation Plan at MultiTrade Global

Affiliates of MultiTrade Global make investments based on the promise of promised profits.

• Standard – put down $20 to $9900 and get 1.8 percent every day for 70 days.

• Advanced – invest $10,000 to $24,500 and earn a daily return of 2.4 percent for 70 days.

• Professional – invest an additional $25,000 to $100,000 and get 3% each day for 70 days.

It’s worth noting that on the second and subsequent investments, the returns are increased:

• Advanced – second investment pays 2.6 percent per day, third and subsequent investments pay 2.9 percent per day • Professional – second investment pays 3.2 percent per day, third and subsequent investments pay 3.5 percent per day

For higher ROI rates, MultiTrade Global specifies extra qualification criteria:

Is the consumer a subscriber to the platform’s official accounts on social media and does he submit evaluations about it?

However, it’s unclear how strictly this is enforced.

MultiTrade Global’s MLM division compensates for affiliate investor recruiting.

Commissions for Referrals

MultiTrade Global offers referral commissions on invested funds at three different levels (unilevel):

• level 1 (affiliates directly recruited) – 6%

• level 2 (2%); level 3 (1%); level 4 (0%); level 5 (0%); level 6 (0%); level 7 (0%); level 8 (0%

Referral commission rates are enhanced as follows if a MultiTrade Global affiliate produces $100,000 in downline investment:

• ten percent at level one

• 3 percent at level 2

• 1 percent for stages 3 and 4

Bonuses for Downline Investing

MultiTrade Global compensates affiliates in the following ways for producing downline investment volume:

• Earn $50 for every $5000 in downline investment volume.

• Earn $200 for generating $20,000 in downline investment volume.

• Earn $500 for generating $50,000 in downline investment volume.

• Earn $1000 plus the “possibility to link an extended affiliate program with additional interest” (higher ROI rates?) if you achieve $100,000 in downline investment volume.

• Earn $2500 for generating $200,000 in downline investment volume; earn $6000 for generating $500,000 in downline investment volume

Joining MultiTrade Global is a great way to expand your business.

Affiliate membership with MultiTrade Global

Global MultiTrade Conclusion

MultiTrade Global claims to earn money from outside sources through a pre-formulated insurance fund that is restored each time a good closed trading day occurs.

I’m not familiar with the term “pre-formulated insurance fund.” Google doesn’t know either.

It makes no difference since it doesn’t exist. MultiTrade Global is a run-of-the-mill MLM pyramid scheme.

MultiTrade Global claims to be lawful based on its basic UK incorporation, however, there is no proof of external money creation.

Are the business’s operations legal?

The company’s operations are legal in the United Kingdom and adhere to all statutory financial regulations.

Basic incorporation is meaningless, as indicated at the beginning of this review. That is also true outside of the United Kingdom.

Meanwhile, Russian officials have picked up on MultiTrade Global.

The Bank of Russia issued a warning about the MultiTrade Global pyramid scam on February 10th.

MultiTrade Global’s MLM aspect is essentially a pyramid scheme. The daily returns, on the other hand, are based on a Ponzi scheme.

MultiTrade Global will be able to pay out withdrawals till the invested money is depleted under this arrangement.

MultiTrade Global falls, as a result, leaving the majority of participants with a loss.

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