BullTrades fails to offer possession or govt data on its web site.
BullTrades’ web site area (“bulltrades.ai”), was privately registered on August 18th, 2023.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
BullTrades’ Merchandise
BullTrades has no retailable services or products.
Associates are solely capable of market BullTrades affiliate membership itself.
BullTrades’ Compensation Plan
BullTrades associates make investments USD equivalents in cryptocurrency.
That is accomplished on the promise of marketed returns:
- Bull Commonplace – make investments $350 to $2550 and obtain 1.6% every weekday for 90 days
- Bull Premium – make investments $2550 to $9500 and obtain 2.4% every weekday for 90 days
- Bull Professional – make investments $9500 or extra and obtain 3% every weekday for 90 days
- Bull Compound – make investments $1000 or extra and obtain 1.6% every weekday for 180 days (no withdrawals until after 180 days)
BullTrades pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
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.
BullTrades caps payable unilevel crew ranges at six.
Referral commissions are paid as a share of cryptocurrency invested throughout these six ranges as follows:
- stage 1 (personally recruited associates) – 6%
- stage 2 – 4%
- stage 3 – 3%
- stage 4 – 2%
- stage 5 – 1%
- stage 6 – 0.7%
Becoming a member of BullTrades
BullTrades affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $350 funding.
BullTrades solicits funding in varied cryptocurrencies.
BullTrades Conclusion
BullTrades represents it generates exterior income through an AI buying and selling bot:
At Bull***** [sic], we’ve harnessed the facility of Synthetic Intelligence (AI) to redefine the best way foreign currency trading is approached and executed.
No verifiable proof of BullTrades having an AI buying and selling bot or paying withdrawals with buying and selling income is offered.
Moreover, BullTrades’ enterprise mannequin fails the Ponzi logic check.
If BullTrades already has an AI buying and selling bot producing 3% a day on a constant foundation, what do they want your cash for?
Because it stands, the one verifiable income getting into BullTrades is new funding.
Utilizing new funding to pay affiliate withdrawals would make BullTrades a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve BullTrades of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.
