CryptoTrain Trading Review – Legit Company or Another Scam?
Welcome to my CryptoTrain Trading Review!
Whether someone has already approached you about this company or you simply came across it in your Google searches, you are probably here for the same reason.
And that reason is you want to know more about it, right? You want to know if this is a legit opportunity for you to make some real money.
I’m glad you’re here!
In this review, I will discuss the company’s background, products, compensation plan, and cost to join, so you can make a better-informed decision for you and your investment.
So, let’s get to it.
CryptoTrain Trading Review – The Company
I couldn’t find any real, solid information on the CryptoTrain Trading website about who owns or operates the company.
I was able to ascertain that the CryptoTrain Trading website domain was registered as “cryptotrain.trade” on the 16th of May, 2019.
However, the domain was registered without completed details.
The CryptoTrain Trading website does provide a UK incorporation certificate, but that does little to prove its legitimacy due to the fact that UK incorporation is very cheap and mostly unregulated.
Along with the incorporation certificate is a claim that someone who goes by “CEO Dr Jacob Hann” was the one who founded CryptoTrain Trading.
Other than that, I couldn’t find any other information about Hann.
Currently, Alexa identifies South Africa as the largest traffic source to the CryptoTrain Trading website at 43%.
What this likely means is that whoever is running the company probably lives and operates from South Africa.
CryptoTrain Trading Reviews – The Products
CryptoTrain Trading does not have any retail products or services for sale.
Affiliates who join the company can market the CryptoTrain affiliate membership.
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The CryptoTrain Trading Compensation Plan
CryptoTrain Trading affiliates who want to take part in the compensation plan must invest funds for a 52-week return:
- Entry EA – Invest $30 and receive a 9.1% a week
- Bronze EA – Invest $100 and receive a 9.1% a week
- Silver EA – Invest $300 and receive a 9.8% a week
- Golden EA – Invest $500 and receive a 9.8% a week
- Diamond EA – Invest $1500 and receive a 10.5% a week
- VIP EA – Invest $5000 and receive a 10.5% a week
All returns and commission withdrawals with CryptoTrain Trading incur an 8% fee.
Residual Commissions (unilevel)
Residual commissions are tracked and paid through a unilevel compensation structure.
This structure puts an affiliate at the top of a unilevel team that places each affiliate right under them on level 1.
When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When level 2 affiliates sponsor new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Payable unilevel team levels are capped at five.
Residual unilevel commissions are paid out like so:
- Level 1 (personally sponsored affiliates) – 11%
- Level 2 – 5%
- Level 3 – 4%
- Level 4 – 3%
- Level 5 – 2%
Affiliates can earn an extra 1% if any of the affiliates put in the first 5 levels of the unilevel team are from upline sponsorship efforts.
Residual Commissions (binary)
Residual commissions are also tracked and paid through a binary compensation structure.
This structure puts an affiliate at the top of a binary team that divides into a left and right side.
Level one of the binary team holds 2 positions and level two is made by dividing the first 2 positions into another 2 positions, for a total of 4 positions.
Additional binary team levels are made as needed, with every new level holding twice as many positions as the level before it.
Binary team positions are filled through direct and indirect sponsorship of affiliates, with no limit as to how far the team can grow.
CryptoTrain Trading counts up new investment volume on each side of the binary team at the end of every day.
Affiliates earn residual binary commissions as 10% of investment volume accumulated on the weaker side of the binary team.
Once an affiliate is paid, that investment volume is matched to the stronger side and then flushed.
Any volume that is left on the stronger side of the binary team is carried over.
Affiliates can earn rewards when they meet rank qualification criteria:
- Bronze (generate $5000 in weaker binary team side volume) – $500
- Silver (generate $15,000 in weaker binary team side volume) – $1500
- Gold (generate $40,000 in weaker binary team side volume) – $4000 or a MacBook
- Sapphire (generate $100,000 in weaker binary team side volume) – $10,000 or a “trip”
- Ruby (generate $250,000 in weaker binary team side volume) – $25,000 “towards a car”
- Diamond (generate $500,000 in weaker binary team side volume) – $50,000 “towards a car”
- ShareHolder (generate $1,000,000 in weaker binary team volume) – $150,000 “towards a car”
Cost to Join CryptoTrain Trading
The cost to join CryptoTrain Trading as an affiliate is free.
If you want to fully participate in the entire opportunity, it will require a minimum investment of $30.
Verdict on CryptoTrain Trading
Alright, so we got to the end and now it’s time for a final verdict…
This company says they generate external revenue through automated cryptocurrency trades…
The problem is that there is no evidence that any trading is taking place.
The fact is, the only source of income that can actually be verified is investment coming from new affiliates…
But when new investment is used to pay out ROIs owed to existing affiliates, that is what is known as a Ponzi scheme.
Not exactly legal.
So, what is likely to happen here is when recruitment dies down, money will not longer be coming into the company.
When that happens, ROIs will stop being paid and affiliates will start to jump ship, leading to the collapse of the company.
So, my advice here is to hold on to your investment and keep looking.
Thanks for reading my CryptoTrain Trading review! Feel free to leave a comment or question down below…
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