We have visited tradecoglobal.com and thought it was worth publishing a review on the same. Tradeco Global website doesn’t have information about its owner or the person in charge of its operations. The domain was privately registered in March 2018, and thus the owner seems to be anonymous.
So, this is a bad sign and a red flag. We have always said that if the owner of website purporting to operate like a trust fund is keeping an anonymous profile, it’s because they have a secret agenda that you probably don’t know about. If they are not upfront with their details, it’s because they are planning on something that you are not aware of.
By the way, even though Tradeco Global claims to be having a solid product or service that comes across as an investment service, the real product here is the Tradeco Global membership. That means affiliates must be involved at some point. In other words, we are dealing with a ponzi scheme in this case, not a legit trust fund.
Tradeco Global investors are required to send a specific sum of Bitcoin on the promise that they will earn 211.5% in 261 days. Basic investment plan requires 0.1 BTC. Starter plan is asking for 0.3 BTC. Advance plan is asking for 0.5 BTC. Elite plan is asking for 0.5BTC. Ultimately, the scheme is even having a plan that requires a minimum investment of 5 Bitcoins. It is called Mega plan. Those who have deep pockets will most likely fall for it if Tradeco Global convinces them to go for this plan.
Tradeco Global is also charging a commission of 8% for all withdrawal requests and commissions. In addition to that, this so-called investment platform is running a 10% referral commission payment model where individual members are supposed to be paid for each individual who makes a deposit.
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Tradeco Global is operating a binary compensation structure. In this payment model, one affiliate is placed at the top and then right below them, the tree will split into two parts, each housing one person. The process will repeat itself until the binary compensation structure has a lot of people on different levels.
There is also what they call rank achievement bonus. As a team leader, you are supposed to convince someone to invest 50 BTC to receive $5000. An executive needs to find someone who can pay 150 BTC. This will earn them $15,000. Supervisor needs someone who can pay 300 BTC. They will be rewarded with $30,000. Finally, a Manager earns $50,000 if they find someone who can deposit 500 BTC. These are a one time bonus for each rank achieved.
As you can see, Tradeco Global is more of a pyramid scheme rather than a genuine investment platform where serious trading is taking place. Ponzi schemes have had a very bad reputation on the internet. They mostly rob people of their hard earned money. Tradeco Global could be one of them because we are not seeing any difference or something new that it is bringing to the table.
Tradeco Global also claims that they are a team of ”damn experts”. This is an ambiguous way of describing a ”team” that is also anonymous who can’t prove their legitimacy either.
They claim that this team is a perfect amalgamation of experience, skill and technology. They claim that Tradeco Global is always making money in any market and that the platform has invested in technology and data processing capabilities which have allegedly improved their efficiency.
The website where Tradeco Global is hosted at is providing us with a UK residential address. What makes it a red flag is that even though they claim to be residing in the UK, the use of broken English on this website suggests that the admin is probably not an English native and is only trying to fool his audience.
We are not yet convinced that they are based in the UK though. However, there is a possibility that Tradeco Global and its admin are based in Western Europe or even in Asia. This is based on their broken English language which we can use to deduce that they are not English speakers.
Concerning the business side of things, this website claims that they are trading cryptocurrencies. This domain was registered a few weeks ago. The company on the other hand was incorporated on May 1st 2018. This is rather contrary to what is indicated on the website suggesting that this website and company have been in existence since 2014.
Also, another thing to consider is that there is no concrete evidence suggesting that Tradeco Global is generating revenue from trading of Cryptocurrencies. We needed some sort of evidence to help us understand that indeed Tradeco Global trades cryptocurrencies as they say they do.
Secondly, we are not quite sure on this. If the anonymous owner of Tradeco Global has been making 100% successful trades since 2014, they would be having a lot of money by now. They would simply retire quietly on a private island because they have money and have no need to start bothering people on the internet. Isn’t this something that all successful traders and rich people do?
The point is, none of the claims made by Tradeco Global are adding up.
In the meantime, Tradeco Global can only verify that the only source of revenue for their business is the affiliate membership which they are selling for various prices. in other words, Tradeco Global uses newly injected funds to pay the alleged 211% ROI. That’s the surest definition of a ponzi scheme and probably a scam as well.
The ROI reserve is going to slow down at some point because most people now know the fact that ponzi schemes are scams. The first people to join may benefit of the ponzi scheme isn’t an outright scam. But chances that you will find a ”good ponzi scheme” are extremely rare.
Tradeco Global is a scam you don’t want to believe in. Keep your money or invest them with these Cryptocurrency trading robots.
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