Options Knight is allegedly providing returns out of a Crypto bot that trades funds on behalf of their investors. Unfortunately, the operators provide no information on their website about who owns or runs the business and this is the first red flag that we would like to consider before investing any money. Otherwise, ignoring these details will always lead to heavy losses depending on how much you are sending to these scammers.
In the footer of Options Knight’s website, the company claims to be ‘Owned by Crystal Finance LLC’. A virtual office address in Miami, Florida is also provided.A search of Florida’s Division of Corporation reveals an entry for Crystal Finance LLC, first incorporated back in June 2017. Whether the actual Crystal Finance LLC has anything to do with Options Knight is unclear.
Option Knight’s website domain (“optionsknight.com”) was first registered in 2018. The private registration was last updated on May 14th, 2019, which is likely when the current owner(s) took possession of it. Options Knight’s website defaults to Portuguese, suggesting whoever owns it is either from Portugal or a Portuguese speaking country. 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.
They offer 3 types of features which assure investors that they won’t lose money with Options Knight. They claim that their program offers transparent method with safe and aggressive gains (depending on what clients want).
NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.
The second option that this program is promising is automated deposits and withdrawals without human intervention. This is definitely not possible because even brokers with the most sophisticated financial departments need to manually process withdrawals.
The program offers a number of investment plans. In fact, Options Knight affiliates invest euros on the promise of advertised returns.
Bronze – invest €149 to €499 EUR and receive 4% to 7% a week
Silver – invest €500 to €2499 EUR and receive 5% to 8% a week
Gold – invest €2500 to €9999 EUR and receive 5% to 9% a week
Investor – invest €10,000 to €99,900 EUR and receive 7% to 12.5% a week
Pearl – recruit at least four affiliate investors, generate an accumulated 10,000 points in weaker binary team side volume and receive a vacation or €500 EUR.
Sapphire – recruit at least eight affiliate investors, generate an accumulated 25,000 in weaker binary team side volume and receive a cruise or €1000 EUR.
Ruby – recruit at least twelve affiliate investors, generate an accumulated 50,000 points in weaker binary team side volume and receive an iPad and iPhone or €2500 EUR.
Emerald – recruit at least eighteen affiliate investors, generate an accumulated 100,000 points in weaker binary team side volume and receive a Renault Twizy Life electric vehicle or €5000 EUR.
Diamond – recruit at least twenty-five affiliate investors, generate an accumulated 500,000 points in weaker binary team side volume and receive a Mini Cooper S Cabrio or €25,000 EUR.
Black Diamond – recruit at least fifty affiliate investors, generate an accumulated 1,000,000 points in weaker binary team side volume and receive a Porsche 911 Targa or €75,000 EUR.
Options Knight pays a 10% referral commission on funds invested by personally recruited affiliates. Residual Commissions are also offered. This is the explanation of how it works:
Options Knight pays residual commissions via a binary compensation structure. A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions). Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow. At the end of each day Options Knight tallies up new investment volume on both sides of the binary team.
Options Knight claims to generate external revenue via automated cryptocurrency trading.
Our technology consists of an exclusive trading robot based on the most promising and recent machine learning technology.
No evidence of Options Knight trading, using trading revenue or any other source of external revenue to pay affiliates is provided. Furthermore Options Knight’s business model fails the Ponzi logic test. If Options Knight’s anonymous owner was able to legitimately generate a consistent €167,400 annual return off a €50,000 EUR investment as advertised:
Why would they be selling access to their system for as little as €150 EUR plus fees? Surely a 29.8% ROI without compounding is worth quietly investing in and keeping to yourself? As it stands the only verifiable source of revenue entering Options Knight is new investment.
Using new investment to pay existing affiliates weekly returns makes Options Knight a Ponzi scheme. Furthermore, by representing the company is based out of Florida in the US, Options Knight is required to register with the SEC. A search of the SEC’s Edgar database reveals that neither Options Knight or Crystal Finance LLC is registered, meaning both companies are committing securities fraud.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment. This will starve Options Knight of ROI revenue, eventually prompting a collapse. The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Options Knight affiliate membership is tied to a €149 to €99,900 EUR investment. Bronze – invest €149 to €499 EUR plus €25 EUR activation fee and ongoing €10 EUR monthly maintenance fee
Silver – invest €500 to €2499 EUR plus €50 EUR activation fee and ongoing €20 EUR monthly maintenance fee
Gold – invest €2500 to €9999 EUR plus €50 EUR activation fee and ongoing €50 EUR monthly maintenance fee
Investor – invest €10,000 to €99,900 EUR plus €50 EUR activation fee and ongoing €50 EUR monthly maintenance fee
We think Options Knight is a ponzi scheme and a scam. If you were thinking of investing with this operation, you need to change your mind. On that note, you need to find reliable and stable way to invest which can only be through these trading tools.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More