SofTrade AI Review – Legit Company or Another Scam?
Welcome to SofTrade AI Review!
Are you looking for a new online company to join, but you don’t know where to start?
Don’t worry, you’re not alone!
The best way to find out if this company is the right one for you is by doing your research.
So, I’m glad you’re here!
In my review, I will help you figure out if this company is legit by providing you with information about this company’s background, products, compensation plan, and cost to join.
Let’s dive in!
SofTrade AI Review – The Company
The SoftTrade AI website does not provide any information about who owns or operates the company.
SofTrade AI has some marketing videos that feature a man named “Ryan Baines”.
I couldn’t verify or find much information on Baines outside of this company.
I did come across a Facebook profile for Baines, where it’s stated that he is the CEO of SofTrade AI, that was only created on the 13th of January.
The SoftTrade AI website domain was registered as “softradeai.com” on the 14th of December, 2018.
Ali Jawad Rana of Server4Sale is recorded as the owner, with a suite address in Ontario, Canada.
I did notice that this address is different to the UK one provided on the SofTrade AI website.
The FAQ page of the website claims that SofTrade AI is “incorporated in the UK”.
Server4Sale is a web hosting provider based out of Pakistan, but whether or not they are involved with SofTrade AI or not is not clear.
Alexa currently cites Bangladesh (21%), Russia (12%) and Vietnam (5%) as the top traffic sources to the SofTrade AI website.
SofTrade AI Reviews – The Products
SofTrade AI currently has no retail products or services to offer.
Affiliates who join simply market the SofTrade AI affiliate membership.
The SofTrade AI Compensation Plan
SofTrade AI affiliates must invest anywhere between $25 to $100,000 for an advertised 2% to 4% daily ROI.
- Invest $25 or more and receive a 2% daily ROI for 35 days
- Invest $100 or more and receive a 3% daily ROI for 35 days
- Invest $500 or more and receive a 4% daily ROI for 35 days
Referral commissions on invested funds are tracked and paid through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored 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 by the company at four.
Referral commissions are paid on invested funds across these levels like so:
- Level 1 (personally sponsored affiliates) – 7%
- Levels 2 and 3 – 2%
- Level 4 – 1%
Increased Referral Commission Rates
Affiliates can increase their referral commission rates if they qualify for the following ranks:
- Representative (generate $5000 in downline investment) – 9% on level 1, 2% on levels 2 and 3 and 1% on level 4
- VIP Representative (generate $10,000 in downline investment) – 10% on level 1, 2% on levels 2 and 3 and 1% on level 4
- Elite Representative (generate $25,000 in downline investment) – 11% on level 1, 2% on levels 2 and 3 and 1% on level 4
Cost to Join SofTrade AI
The cost to join SofTrade AI as an affiliate is free.
If you want to fully participate in the income opportunity, it will require a minimum investment of $25.
Verdict on SofTrade AI
Okay, let’s get to the final verdict…
SofTrade AI calls itself an “Artificial Intelligence Asset Management Company” that claims it generates external revenue through “different types of advance AI software tools to trade in the Forex markets (that) generate risk-free profits for our clients.”
Of course, when I searched around, I couldn’t find any proof that any sort of trading is actually taking place.
The company also claims that it is registered with the FCA in order to legally offer securities…
But as far as I can tell, this company is not registered with the FCA or any other financial regulator for that matter.
What it comes down to is simple…
This company is likely using new affiliate investment to pay out ROIs and once recruitment numbers dwindle, so will incoming revenue.
My advice here is to maybe skip this one and keep searching.
Thanks for reading SofTrade AI review! Feel free to leave a comment or question down below…
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