Hit Coin Trade Review – Legit Business or Big Scam? Find Out Here…
Welcome to my Hit Coin Trade Review!
Someone asked me to do a review on this company, it’s still new and there isn’t a lot of information available on it out there …
Maybe someone might have approached you in person or maybe it was over social media, and now you want to know more too!
You might have a lot questions, maybe even some like these…
- If you’re new to MLM, can newcomers do this?
- Can the profit growth you want be achieved?
- And is this even a legitimate business?
Good news! I am going to put any rumors you might have heard to rest!
And in my review, I’ll go over the company’s history, their products and their compensation plan used, so you can make the right decision about joining in or not.
Let’s get right to it!!
Hit Coin Trade Review – The Company
On the company website, there is no info available regarding the owner or the operator of the business.
A little digging and some research reveals that the Hit Coin Trade website domain was registered privately as “hitcoin.trade” on the 21st of November in 2017.
The company says it’s a “European trading company based in the United Kingdom.”
This is reinforced by the UK incorporation it has registered under Hit Coin Trade Limited.
With a residential address located in London, Hit Coin Trade Limited was incorporated in the UK on the 1st of December.
The only Director of the company is listed as Ellis Davidson.
There is currently no info on Davidson aside from what is presented by the company for its incorporation.
It seems that the company is being run by a Russian or is centred out of Russia.
This is likely because when you visit the company website it defaults to Russian, and their national use of rubles for their currency.
There are also Telegram chat groups and Russian social media profiles offered by the company.
Alexa data identified Russia as the main source of traffic to the company website.
Hit Coin Trade Reviews – The Products
Hit Coin Trade has no retail products or services for affiliates to purchase or sell.
However, if affiliates wish to sign up with Hit Coin Trade, they can market the company affiliate membership.
Other companies that are similar to this are the follow:
- BitConnect Review – Good Investment Opportunity?
- USI Tech Review – Can you really make money with it?
The Hit Coin Trade Compensation Plan
Affiliates who want to participate in the company compensation plan are required to sign up and invest into the company.
When investing in the company, affiliates must invest with Bitcoin, Ethereum, USD dollars, or rubles, with the agreement of a ROI at a rate of 124% within a 72-hour time period.
The company offers referral commissions, which are made available on funds invested by downline affiliates and are paid out down to Level 3 of sponsorship (unilevel):
- Level 1 (personally sponsored affiliates) – 8%
- Levels 2 and 3 – 1%
Cost To Join Hit Coin Trade
The cost to join Hit Coin Trade as an affiliate is free, however these members are only able to earn commissions through referrals.
If a company affiliate wanted to fully participate in the business opportunity and the company compensation plan, he or she is required to make an investment of 0.0003 BTC, 0.006 ETH, $1 USD or 60 rubles at a minimum.
Verdict on Hit Coin Trade
After doing my research I don’t think this company is 100% legit…
We do not just sell on the market cryptocurrency, are engaged in professional traders with extensive experience in the investment market.
For us and our partners Hit Coin Trade has always been associated with reliability.
Being that the company started up early December, this is a big statement to make…
But where’s the proof??
Anyone can say they have a whole team behind them, but without the proof it’s hard for me to believe that “professional traders” has any truth or measure behind it…
And it’s getting even harder to believe that’s how they are achieving their external revenue for their agreed upon ROI with their affiliates.
So, if you were to take a step back, and really look at the company…
It fails one important test, a logic test, a scam test, a math test, well those are several tests, but if you were to do your research and apply just one of those tests you’d see what I’m talking about here…
If the company was working with professional traders and could really make ROI at a rate of 124% for every 72hr period, that would be simply outrageous, and that would also be about 15 000% per year…
Now, if any company could do this alone, they would be able to start up with any amount of money and be rolling in dough very shortly afterwards…
There would be no need to search the internet, looking for people to sponsor into the company they are trying to get off the ground, and also, I do not think they’d be very interested in sharing their money-making secret with you or anyone else, that’s a gem they’d probably want to keep for themselves…
So, when the new affiliate sponsorship slows down, that’s when the company will see a slow down in new capital entered on their books as well…
This will put a strain on the company’s ability to pay out ROI earned by its affiliates, which will ultimately end up triggering a company wide lack of funds causing the company to dissolve.
I hope you enjoyed my Hit Coin Trade review and if you have any questions, please leave them in the comments below…
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