Comex Trades provides no information on its website about who owns or runs the company.
Further research reveals a Comex Trades marketing video featuring CEO “Raymond Stokes”.
Comex Trades’ marketing videos are poorly dubbed and give off a strong rented office vibe. This makes Stokes a strong Boris CEO candidate.
Supporting this is Stokes not existing outside of Comex Trades’ own marketing material.
Comex Trades’ website domain (“comextrades.com”) was privately registered on December 31st, 2018.
Despite not existing up until a few months ago, Comex Trades’ falsely claims it’s been running since April 22nd, 2019.
In an attempt to appear legitimate, Comex Trades provides a UK incorporation number on its website.
This corresponds with Comex Limited, which was incorporated on December 23rd, 2019.
UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Comex Trades’ Products
Comex Trades has no retailable products or services, with affiliates only able to market Comex Trades affiliate membership itself.
Comex Trades’ Compensation Plan
Comex Trades affiliates invest $10 to $500,000 on the promise of advertised returns:
- 2.1% a day for 20 days
- 2.5% a day for 35 days
- 3.5% a day for 55 days
- 650% after 35 days
- 1500% after 55 days
- 3000% after 70 days
- 6500% after 100 days
Referral commissions are paid on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- level 3 – 1%
Joining Comex Trades
Comex Trades affiliate membership is free.
Full participation in the attached income opportunity however requires an initial $10 to $500,000 investment.
Conclusion
Comex Trades claims to be a “totally legal private investment company”.
COMEX Trades offers its clients a profitable investment opportunity in trading futures in the commodity market, the stock market and the foreign exchange market as well as in a relatively young cryptocurrency market.
No evidence of trading revenue being used to pay investment returns is provided.
Furthermore, Comex Trades’ business model fails the Ponzi logic test.
If Comex Trades’ anonymous owners were capable of legitimately generating 6500% returns every 100 days as advertised, what do they need your money for?
As it stands the only verifiable source of revenue entering Comex Trades is new investment.
Using newly invested funds to pay existing affiliates daily returns of up to 6500% every 100 days makes Comex Trades a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Comex Trades of ROI revenue, eventually promoting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.