Trio Trader started as Qube Trade some time in the month of August. This initial attempt to launch Trio Trader flopped and this led to the reboot of the same type of operation using another name in November. Today we are reviewing that operation which has been named Trio Trader.
So far, there is no difference between Qube Trade and Trio Trader apart from the name of the company. The ownership remains as is and the operations is still the same as before.
As always, Trio Trader does not publish information on their website concerning the owner of the website. We even don’t know about their location but they want us to trust that they will generate returns for our investments.
The website where Trio Trader is hosted at was created sometime in October 2018. Amir Dauti of Dauti Tech is cited as the owner through an Ontario-based address. According to a statement on the official website, Trio Trader is owned and operated by Trio Software Inc. of Canada, Ontario and its suppliers.
However, in addition to this website which is the subject of this review, Amir Dauti also owns TrioSoft. TrioSoft is advertising an eTrader system which is called Crypto currency auto trader. TrioSoft lists the following as the operators of the project: Joseph McDermott (CVO), Scott Phoundpadith (CEO) and Amir Dauti (CTO).
We are therefore presuming that the 3 people are also behind Qube Trade and Trio Trader. Whereas Amir Dauti is apparently playing the technical role, McDermott and Phounpadith are known to have worked in the MLM industry, and so they have some strong MLM backgrounds.
Joseph McDermott supposedly started his career in the MLM business back in 2000. This happened after he allegedly dropped out of High School. Some of the MLMs he has promoted and participated in include Visalus, iLearning Global (ILG) and Asirvia (2017).
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Some times in 2017, McDermott made an appearance an an event held by iPro Network. What was iPro Network? This was a typical pump and dump scheme for coins. The website where iPro Network was running collapsed some times in the middle of 2018 according to Alexa insights. Because McDermot is an experienced MLM fraudster, he has re branded himself several times. Of late, he is calling himself a Crypto currency expert.
On the other hand, his partner Scott Phounpadith has also been identified as the owner of World Crypto currency 101. It appears that public interest on World Crypto currency 101 collapsed shortly after it was launched.
Surprisingly, the website for Trio Trader is bearing great resemblance with that of World Crypto Currency 101. In fact, in the source code of the World Crypto Currency 101 website, the owner of Trio Trader is credited as the author. That simply means that the two websites are owned and operated by the same person who has decided to recycle the assets of World Crypto 101.
If you want to know whether or not you can trust Trio Trader, read this unbiased review to find out what is going on and whether or not they are offering something unique which can be relied upon. In the meantime, if you want to trade Crypto currencies and you lack sufficient experience to do so, please sign up with any of these bots.
Like any other MLM scheme, Trio Trader does not have a product or service. Affiliates can only market membership into the scheme. That is the perfect definition of a ponzi scheme and no matter what they tell you, you should not be persuaded.
As an affiliate, you will be required to ”invest” in Bitcoin based on the promise that you will earn a passive ROI. The website where Trio Trader is hosted at does not specify what minimum or maximum trading amounts will apply to people who want to participate.
You also have to take note that Trio Trader is paying out returns and commissions in Bitcoin.
In order for affiliates to get the benefits of automated trading, they must pay $100 per month. Since this is an MLM and probably no form of automated trading is going on, we can expect that Trio Trader is using this fee to pay new affiliates .
The compensation structure is divided into 3 levels. You recruit an affiliate who subscribes for one month and you get $10 commission. If this affiliate remains active for at least 6 months, you get a commission of $100.
If the recruit remains an active subscriber for 1 year, you get compensated $150.
Complete participation into the Trio Trader operation requires on going subscription of $100, $600 and $1000 respectively depending with the duration of subscription.
TrioSoft states on their site that they have a Crypto currency auto trader that can handle hundreds of thousands of orders while making a consistent and passive income for the members.
What this means is that both TrioSoft and Trio Trader are offering a securities product which needs to be regulated by the various financial watchdogs in areas where this website is targeting affiliates.
At the time of writing this review, there was no indication that TrioSoft or Trio Trader was registered to offer securities in Canada. Joseph McDermott is based in Arizona, US. He is supposed to register his product with the SEC if he wants to continue selling affiliate memberships on his site. But this is not the case.
So this means the website and the owner are running an illegal operation in both the US and Canada. Apart from this, there is a good chance that the site is using investor funds to pay off existing members. There is nothing like auto trading going on here.
If some trading was taking place, Trio Trader would have provided some evidence of this happening. So it means this will only continue for as long as investors are coming in. When they stop investing, the system is going to collapse due to lack of funds. This is a bona fide ponz scheme.
If you want to invest in Crypto currencies, trade them but join a ponzi scheme.
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