uTrading fails to offer possession or govt data on its web site.
uTrading’s web site area (“utrading.ai”), was privately registered on an unknown date.
Over on uTrading’s official YouTube channel, we discover robo-dubbed advertising movies with an Asian accent. The usage of “VIP” to call uTrading accounts can also be typical of Chinese language scammers.
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
uTrading’s Merchandise
uTrading has no retailable services or products.
Associates are solely capable of market uTrading affiliate membership itself.
uTrading’s Compensation Plan
uTrading associates buy a subscription to entry a “free” crypto buying and selling bot.
uTrading’s bot subscription is wrapped up in convoluted “uGas” charges:
- 1500 uGas prices 15 USDT
- 10,000 uGas prices 95 USDT
- 60,000 uGas prices 540 USDT
- 200,000 uGas prices 1700 USDT
- 300,000 uGas prices 2400 USDT
- 500,000 uGas prices 3750 USDT
As to what these uGas figures imply, uTrading states
you may earn $100 for 1000 uGas, which implies it prices you $10 to earn $100.
From this we will extrapolate that uTrading can pay out 10x what an affiliate pays in charges. Observe that bot funding is along with charges paid to uTrading.
The MLM aspect of uTrading pays on recruitment of associates who additionally pay subscription charges.
uTrading Affiliate Ranks
There are six affiliate ranks inside uTrading’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- C-VIP1 – recruit three associates
- C-VIP2 – recruit 5 associates, at the very least three of that are C-VIP1 or increased
- C-VIP3 – recruit eight associates, at the very least three of that are C-VIP2 or increased
- C-VIP4 – recruit twelve associates, at the very least three of that are C-VIP3 or increased
- C-VIP5 – recruit twenty associates, at the very least three of that are C-VIP4 or increased
- C-VIP6 – recruit thirty associates, at the very least three of that are C-VIP5 or increased
To be able to rely in direction of rank qualification, recruited associates will need to have paid subscription charges.
Referral Commissions
uTrading pays referral commissions on USDT charges paid down two ranges of recruitment (unilevel).
- C-VIP1 ranked associates earn a 20% referral fee fee
- C-VIP2 ranked associates earn a 30% referral fee fee
- C-VIP3 ranked associates earn a 40% referral fee fee
- C-VIP4 ranked associates earn a 50% referral fee fee
- C-VIP5 ranked associates earn a 55% referral fee fee
- C-VIP6 ranked associates earn a 60% referral fee fee
Observe that increased ranked associates can earn the referral fee fee distinction on downline recruitment exercise. This may be from subscription charges paid wherever of their downline.
Within the occasion a downline affiliate on the primary two ranges is identical rank because the recruiting affiliate, a ten% referral fee is paid out.
Becoming a member of uTrading
uTrading affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 15 USDT cost of uGas subscription charges.
uTrading Conclusion
uTrading falsely markets itself as a supplier of a free buying and selling bot.
This can be a free, totally purposeful, automated crypto buying and selling system, a weapon that lets you compete with skilled algorithmic merchants.
That is baloney, as the one method anybody can use the bot is by paying uGas entry charges.
Past that preliminary deception, uTrading is your typical “lulz can’t contact our cash!” mannequin rip-off.
The underside-line is that if uTrading’s purported bot labored long-term, whoever is operating uTrading could be quietly operating it for themselves.
It is not sensible to whore out the golden goose at little to no price.
Moreover, with nothing marketed or bought to retail clients, the MLM aspect of uTrading operates as a pyramid scheme.
BehindMLM refers to buying and selling bot alternatives like uTrading as “lulz can’t contact our cash!” schemes. That is as a result of widespread false impression that the proprietor of the bot can’t steal cash from consumer buying and selling accounts.
Sometimes “lulz can’t contact our cash!” schemes exit-scam by way of blowing the bot up or rigged trades.
Nevertheless and every time they inevitably exit-scam, nearly all of traders in “lulz can’t contact our cash!” schemes lose cash.
