LeoTrade offers no info on its web site about who owns or runs the corporate.
LeoTrade’s web site area (“leotradeltd.com”) was privately registered on February twenty fourth, 2021.
Regardless of solely current for a few month, LeoTrade falsely claims that it has “Greater than 2 Years in Enterprise” [sic].
LeoTrade offers a company handle within the US state of California on its web site.
Given LeoTrade’s web site was registered by way of a European registrar, the corporate is unlikely to have any ties to the US.
As all the time, if an MLM firm isn’t overtly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
LeoTrade’s Merchandise
LeoTrade has no retailable services or products, with associates solely in a position to market LeoTrade affiliate membership itself.
LeoTrade’s Compensation Plan
LeoTrade associates make investments bitcoin on the promise of marketed returns:
- Traditional – make investments $300 to $9999 value of BTC and obtain a 121% month-to-month ROI
- Platinum – make investments $10,000 to $49,999 value of BTC and obtain a 124% month-to-month ROI
- Gold – make investments $50,000 to $1,000,000 value of BTC and obtain a 130% month-to-month ROI
LeoTrade pays commissions down two ranges of recruitment (unilevel):
- on personally recruited associates you earn 5% of their preliminary funding, generated buying and selling charges and reinvestment
- you additionally earn 5% of commissions earned by associates you’ve personally recruited (generated by their downline)
Buying and selling charges will not be disclosed on LeoTrade’s web site.
Notice that funding is required to take part in LeoTrade’s MLM alternative.
Becoming a member of LeoTrade
LeoTrade affiliate membership is tied to a minimal $300 funding.
Notice that every one funds inside LeoTrade are made in bitcoin.
Conclusion
LeoTrade represents it generates exterior income by way of “buying and selling gold, cryptocurrencies and inventory exchanges”.
No proof of buying and selling is supplied. Neither is there any proof of LeoTrade utilizing exterior income of any type to pay affiliate withdrawals.
You may open a free account with us, and make investments to begin incomes ROI.
Put your cash at work and permits us to the work.
Grammatical errors apart, the above is taken from LeoTrade’s web site and is acknowledgement of a passive funding alternative.
It is a securities providing, requiring registration with monetary regulators.
If one have been to take LeoTrade’s illustration its based mostly out of the US at face worth (which you completely shouldn’t), this may require registration with the SEC.
LeoTrade isn’t registered with the SEC, or certainly any monetary regulator anyplace on the earth.
Which means at a minimal LeoTrade is committing securities fraud.
Because it stands the one verifiable income getting into LeoTrade is new funding.
Utilizing new funding to pay month-to-month returns makes LeoTrade a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve LeoTrade of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.