Beware of Lucent Trader – Review

No verifiable information about the company’s owners or executives is available on Lucent Trader’s website.

James Brent Craig is said to be the CEO of Lucent Trader.

A commodity analyst and FX trader with over 16 years of experience in the financial business, James Brent Craig is the Chairman and Executive Director of Lucent Trader.

For the past decade, he’s been trading and teaching others how to do the same, and his technique has worked consistently for him.

James is a Miami, Florida, USA, family man who enjoys traveling and meeting new people.

Craig doesn’t exist outside of the marketing of Lucent Trader. Those qualities make him an ideal contender to lead Boris.

Lucent Trader, in my opinion, has stolen the identity of a real James Brent Craig and used it for their purposes.

FINRA-registered Craig is headquartered in Florida and is licensed to conduct business in the state. There are some similarities between Lucent Trade’s fictionalized biography of real-life Craig and his FINRA record.

There appears to be a man of Middle Eastern or Indian descent on Lucent Trader’s website. This James Brent Craig is “white, not Hispanic,” according to public documents.

In any case, the individual who seems to be representing Craig on the Lucent Trader website is not “white, not Hispanic.”.

This isn’t the first time a FINRA-registered broker’s identity has been stolen by crooks.

As of March 2021, Lucent Trader’s website domain (lucentrader.com) was first registered. On March 14th, 2022, the private registration was last updated with the most recent information.

Even though Lucent Trader has only been active for a little over a year, it erroneously claims to have been founded in 2014.

On its website, Lucent Trader lists a company located in the United Kingdom. This is of no use in the context of MLM due diligence.

Remember to consider twice before joining or transferring any funds to an MLM that isn’t completely transparent about who runs or controls it.

Products of Lucent Traders

There are no items or services that can be sold through Lucent Trader.

Only the Lucent Trader affiliate membership can be promoted by affiliates.

Trader Compensation Plan of Lucent Trade

Based on the advertised returns, affiliates of Lucent Trader invest their own money.

An investment of $300 to $50,000,000 in Cradle Incorporation entitles the holder to 1% every day for three years.

To get a return of 4.25 percent a week for 52 weeks, you can spend $5000 to $5,000,000 on CBD

A 52-week investment of $5000 to $5,000,000 in cryptocurrency mining yields a 7 percent return each week.

Invest $10,000 to $5,000,000 in a Forex Fund and get 7.5 percent a week for 52 weeks.

From $20,000 to $20,000,000, you may earn 8.75 percent every week for the next 52 weeks with cryptocurrency trading.

Invest $50,000 to $50,000,000 in real estate and earn 10% every week for 52 weeks as a return.

Invest $50,000 to $50,000,000 and get 20% a week for 52 weeks in the Oil and Gas Partnership.

Take note of the fact that the investment strategies offered by Lucent Trader have some overlap.

Additionally, all withdrawals from Lucent Trader are subject to a 10% service fee.

A uni-level compensation system is used by Lucent Trader to pay referral commissions.

An affiliate is at the head of a unilevel team in a unilevel pay system, and every affiliate they individually recruit is right behind them (level 1).

There are no level 2 positions for any level 1 affiliates that bring in new members to their unilevel squad.

In theory, there may be an unlimited number of levels of affiliates if any level 2 affiliates recruit new affiliates.

The Lucent Trader sets a limit of 10 on the number of paid uni-level team levels.

There are 10 tiers of referral commissions, which are distributed as follows:

A 10% commission for level 1 (personally hired affiliates)

Second through tenth levels: not revealed

Joining Lucent Trader looks to be free for Lucent Trader affiliates.

A minimum investment of $300 is required to participate in the associated income opportunity.

The conclusion of Lucent Trader

Lucent Trader claims to have a “unique trading approach” that earns external money.

Affiliate withdrawals have not been paid using trading proceeds, according to the information given.

In addition, Lucent Trader’s business model falls short of the Ponzi logic test.

Companies that have a trading technique that generates 20% weekly returns can invest their own money and retire among the world’s most wealthy shortly after.

They don’t want your money, that’s for sure. They also wouldn’t be giving you free access.

Lucent Trader’s business model doesn’t make sense because the trading method doesn’t exist, like its fictitious Chairman.

Only fresh investment volume enters Lucent Trader as a source of revenue that can be verified.

Lucent Trader is a Ponzi scam because it pays affiliate withdrawal requests using new investment.

As in all MLM Ponzi schemes, the fresh investment will cease as the number of new affiliates declines.

As a result, Lucent Trader will eventually fail due to a lack of ROI revenue.

The mathematics of Ponzi schemes ensures that the majority of participants lose money when the scheme collapses.

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