Welcome to my Multiple TradeX Review!
With so many new MLM companies popping up online every day, it can be hard to know which ones are legit and which ones aren’t.
Whether you are an MLM pro or a newbie, you should always research the company you are thinking of joining.
In this review, I will give you the info you need about the company’s background, products, compensation plan, and cost to join.
Keep reading!
Multiple TradeX Review – The Company
First things first, I couldn’t find any info on the Multiple TradeX website about the owner or operator of the business.
I did find a reference to “iprofit247.com” in the “about us” section on the company website, which seems to be a clone site.
While Multiple TradeX says it is registered in the US, I could only find a UK incorporation number for Minefield LTD.
Incorporated in 2009, the Minefield LTD incorporation was dissolved in January 2019.
Due to the fact that the Multiple TradeX and iProfit 24/7 website domains were registered privately in February and April 2019, it’s hard to know whether they are related to Minefield LTD in some way.
The Multiple TradeX’s website offers its content in English, Russian, Chinese and Vietnamese.
Multiple TradeX Reviews – The Products
Multiple TradeX does not offer any retail products or services to affiliates or retail customers.
Affiliates who join can only market the Multiple TradeX affiliate membership.
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The Multiple TradeX Compensation Plan
Multiple TradeX affiliates are required to invest bitcoin for the following advertised returns:
- Invest 0.03 BTC or more and receive a 10% daily ROI
- Invest 0.5 BTC or more and receive a 12% daily ROI
- Invest 1 BTC or more and receive a 15% daily ROI
Returns are paid out as “lifetime income” as it says on the Multiple TradeX website.
Referral Commissions
Affiliates earn referral commissions on invested funds down 3 levels of sponsorship (unilevel).
- Level 1 (personally sponsored affiliates) – 5%
- Level 2 – 10%
- Level 3 – 20%
I found another set of rates, which included 8%, 2% and 1% as quoted on the Multiple TradeX website.
I don’t know which ones are accurate, so I’m listing both for your reference.
Cost to Join Multiple TradeX
The cost to join Multiple TradeX as an affiliate is free.
While free affiliates can still earn referral commissions, full participation in the whole income opportunity needs a minimum investment of 0.03 BTC.
Verdict on Multiple TradeX
Okay, now it’s time for my final verdict…
So, again we have a company claiming they are generating external revenue through “asset management” through “binary options, forex and bitcoin markets”…
Okay, great…so what’s the problem?
Well, the company makes no effort to prove their claims.
What’s more likely is that the company is using new investment to pay out owed ROI to existing affiliates…
And that, my friends, is not legal.
And as with many other companies following this model, as soon as recruitment slows down, so will incoming revenue…and ROIs will no longer be paid out.
So, my advice here is to wait for the next opportunity.
Thanks for reading my Multiple TradeX review! Feel free to leave a comment or question down below…
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