SureX Trade fails to offer possession or govt info on its web site.

SureX Trade’s web site area (“surexchange.io”), was first registered in August 2022. The personal registration was final up to date on February twenty eighth, 2023.

SureX Trade’s social media profiles have been created in October 2022, so this seems to be when the corporate launched.

If we take a look at SureX Trade’s FaceBook profile, we will see it’s being operated from Malaysia:

A Might twenty second publish on SureX Trade’s Instagram profile additionally reveals a staged charity occasion held in Malaysia:

SureX Trade’s use of Chinese language in its advertising suggests it’s being run by people with ties to China from Malaysia.

This data led me to Jacky Zhou, who’s cited as SureX Trade’s CEO:

One other SureX Trade govt we will identify is CMO Willie Tan:

Probably attributable to language-barriers, I used to be unable to place collectively an MLM historical past on both Zhou or Tan.

Each Zhou and Tan are represented as being based mostly out of Malaysia, which inserts with SureX Trade’s advertising.

Zhou is purportedly a Taiwanese nationwide. This likewise matches with SureX Trade’s use of Conventional Chinese language.

Why Zhou and Tan aren’t featured on SureX Trade’s web site is unclear.

As at all times, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.

SureX Trade’ Merchandise

SureX Trade has no retailable services or products.

Associates are solely in a position to market SureX Trade affiliate membership itself.

SureX Trade’s Compensation Plan

SureX Trade presents associates three passive ROI fashions:

Staking

SureX Trade associates make investments tether on the promise of a passive month-to-month ROI:

• make investments for 90 days and obtain 0.4% a month
• make investments for 180 days and obtain 0.5% a month
• make investments for 360 days and obtain 0.6% a month

Observe Commerce Fund

SureX Trade additionally presents month-to-month funding plans arrange as “Observe Commerce Fund”:

Via its Observe Commerce Fund, SureX Trade associates make investments 100 to 10,000 USDT on the promise of as much as 21% a month.

Liquidity Swimming pools

SureX Trade presents associates Liquidity Pool funding in two shit tokens.

SureX Trade associates make investments tether into SLT. SLT is an inside shitcoin SureX Trade represents is pegged to tether.

As soon as invested in, SLT is added to an SLT Liquidity Pool. SureX Trade pays a passive return on SLT invested.

SLT Liquidity Pool withdrawals appeal to a ten% withdrawal price.

SureX Trade associates may also make investments tether in ST token.

ST token began with an inside 10 cent worth. That is elevated by $0.001 per each $100 million in tether dumped into the ST Liquidity Pool.

ST Liquidity Pool withdrawals are paid 90% in tether and 10% necessary reinvestment.

Via its Liquidity Swimming pools, SureX Trade pitches an “anticipated” 300% passive annual ROI:

The MLM aspect of SureX Trade pays on returns paid to recruited affiliate traders.

SureX Trade Affiliate Ranks

There are 5 affiliate ranks inside SureX Trade’s compensation plan.

Together with their respective qualification standards, they’re as follows:

• VIP 1- generate 50,000 USDT in downline funding
• VIP2 – generate 150,000 USDT in downline funding
• VIP3 – recruit three VIP2 or larger ranked associates
• VIP4 – recruit three VIP3 or larger ranked associates
• VIP5 – recruit three VIP4 or larger ranked associates

Residual Commissions

SureX Trade pays residual commissions by way of a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned immediately beneath them (stage 1):

If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.

If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.

SureX Trade caps payable unilevel group ranges at ten.

Residual commissions are paid out as a share of passive returns paid to associates throughout these ten ranges as follows:

• stage 1 (personally recruited associates) – personally make investments $100 to $900 and obtain 10%, make investments $1000 to $9900 and obtain 20% or make investments $10,000 or extra and obtain 50%
• ranges 2 to 10 – 2%

Rank Achievement Bonus

SureX Trade rewards ranked associates with a bonus on their residual fee price:

• VIP1s obtain a 2% bonus price
• VIP2s obtain a 4% bonus price
• VIP3s obtain a 6% bonus price
• VIP4s obtain an 8% bonus price
• VIP5s obtain a ten% bonus price

Though not explicitly clarified, I imagine these bonus charges solely apply to returns paid to personally recruited associates.

Era Bonus

SureX Trade pays a Era Bonus on as much as 5 generations.

SureX Trade defines a technology in a unilevel group leg when a VIP3 or larger ranked affiliate is discovered within the leg.

This affiliate caps off the primary technology for that leg, with the second starting instantly after.

If a second VIP3 or larger affiliate exists deeper within the leg, they cap off the second technology. The third technology for that leg then begins instantly beneath.

If no second VIP3 or larger affiliate exists deeper within the leg, the second technology for that leg runs the complete depth of the leg.

Notice that generations are calculated independently in every unilevel group leg.

Utilizing this technology construction, VIP3 and better ranked SureX Trade associates qualify for the Era Bonus as follows:

• VIP3 ranked associates earn 2% on as much as one technology per unilevel group leg
• VIP4 ranked associates earn 2% on the primary technology, 1.5% on the second and 1% on the third
• VIP5 ranked associates earn 2% on the primary technology, 1.5% on the second, 1% on the third and 0.5% on the fourth and fifth

As with the Rank Achievement Bonus, I imagine these bonus charges solely apply to returns paid to personally recruited associates.

President’s Membership

SureX Trade’s President’s Membership is made up of the highest 10 recruiters globally and prime three recruiters in every nation.

SureX Trade units apart 5% of company-wide invested cryptocurrency. That is used to fund the President’s Membership, which pays out a “quarterly dividend”.

Journey, luxurious automotive and luxurious good bonuses are additionally referenced however no specifics are offered.

Becoming a member of SureX Trade

SureX Trade affiliate membership is free.

Full participation within the hooked up earnings alternative requires funding in tether.

Notice that whereas funding quantities are quoted in tether, SureX Trade solicits funding in varied cryptocurrencies.

SureX Trade Conclusion

The primary pink flag SureX Trade presents is thru a go to to its web site:

When an MLM firm restricts the US and Canada, it virtually confirms they’re doing one thing unlawful.

The explanation MLM corporations exclude the US and Canada is as a result of they’re essentially the most lively with regards to securities regulation.

SureX Trade’s enterprise mannequin, as introduced, isn’t unlawful within the US or Canada – offered the corporate registers with monetary regulators and filed audited monetary reviews.

These reviews are the one option to confirm an MLM firm is generated exterior income. And in the event that they’re not obtainable, that’s just about affirmation mentioned MLM firm isn’t doing what it claims to be.

However securities fraud is prohibited the world over, not simply within the US and Canada.

With respect to SureX Trade, if it wasn’t apparent there isn’t a exterior income. All that’s taking place on the backend is newly invested funds are being recycled to pay earlier investor withdrawals.

Most likely the weakest level of SureX Trade’s charade is its Observe Commerce Fund.

Of the 73 “merchants” featured, not a single one among them is within the pink.

I ought to level out that as an alternative of working legally, SureX Trade supplies meaningless shell firm and FINCEN cerfiticates.

These should not an alternative to registration with monetary regulators. The FINCEN registration certificates is especially amusing, given SureX Trade is evidently fearful of the DOJ & SEC.

Jacky Zhou, who in SureX Trade advertising is credited with “9 years buying and selling expertise” however in a advertising video claims he solely received into buying and selling throughout COVID-19 lockdowns, apparently sees himself as the subsequent Changpeng Zhao.

Funnily sufficient, the SEC sued Zhao and his crypto alternate Binance earlier this month on a raft of civil fraud expenses.

Though not confirmed, an indictment towards Zhao is believed to be pending.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This can starve SureX Trade of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.