BrixTrades offers no data on its web site about who owns or runs the enterprise.
The BrixTrades web site area (“brixtrades.com”) was privately registered on November 4th, 2018.
A “sectional deal with” on BrixTrades web site seems on various different web sites; StockFX Professional, Apex Commerce 247 and TradeOption 247.
These firms all use the identical web site template (Commerce Choice 247 is barely different), and are all funding associated.
Web site visitors to those web sites is non-existent, suggesting every firm has both but to launch or already collapsed.
Additional analysis reveals Denis Derkash selling BrixTrades on his Instagram account.
So far as I can inform, that is the one public promotion of BrixTrades that exists.
Persual of Derkash’s social media profiles reveals that alongside BrixTrades, he’s additionally concerned within the BitClub Community Ponzi scheme.
Based on Derkash’s Fb profile, he’s based mostly out Chicago within the US.
I additionally discovered an “Edward C Baker” selling BrixTrades on Instagram.
Outdoors of that account although I couldn’t discover any additional data.
As all the time, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
BrixTrades Merchandise
BrixTrades has no retailable services or products, with associates solely in a position to market BrixTrades affiliate membership itself.
The BrixTrades Compensation Plan
BrixTrades associates make investments funds on the promise of an marketed day by day ROI:
- Starter – make investments $100 to $999 and obtain a 50% day by day ROI share
- Bronze – make investments $1000 to $2499 and obtain a 70% day by day ROI share
- SIlver – make investments $2500 to $4999 and obtain a 100% day by day ROI share
- make investments $5000 to $9999 and obtain a 120% day by day ROI share
- VIP – make investments $10,000 or extra and obtain a 120% day by day ROI share
The day by day ROI share is purportedly a share of income generated by an automatic binary choices bot.
BrixTrades claims to pay $50 per investing affiliate recruited, in addition to ongoing “income base” commissions.
Particulars of income base commissions will not be supplied.
Becoming a member of BrixTrades
BrixTrades affiliate membership is tied to a minimal $100 funding.
Conclusion
BrixTrades claims to be ‘a regulated Binary Choices buying and selling firm providing a number of buying and selling options to the Binaries group.‘
No particulars of the place BrixTrades has registered its passive funding alternative are supplied.
What I can verify is neither BrixTrades, Denis Derkash or Edward C Baker are registered with the SEC.
Which means that within the US at the least, BrixTrades is an unlawful unregistered securities providing.
This leads into whether or not or not BrixTrades truly has a binary choices bot.
Our workforce of funding specialists handle all of the funds.
Certainly in the event that they had been in a position to generate returns constant sufficient to fund an MLM alternative, BrixTrades would simply run the bot and preserve the revenue.
Why share generated income with randoms over the web (throughout a number of web sites) for as little as $100 a pop?
Secondary purple flags are the bogus testimonials featured on BrixTrades web site (pretend names, inventory/stolen profile images), and this amusing declare:
We received the first place within the buyer satisfaction award for 3 years in a row. We’re recognized for our diligence relating to high quality and repair.
BrixTrades received a buyer satisfaction award three years in a row, when it’s solely existed for eight months?
Riiiiiiiiiiiiight.
Because it stands the one verifiable income getting into BrixTrades is new funding.
Utilizing new funding to pay present buyers a day by day ROI would make BrixTrade a Ponzi scheme.
As with all Ponzi schemes, as soon as investor recruitment slows down so too will invested funds.
This may starve BrixTrades of return income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of buyers lose cash.