Zukul Trader Review – Legit Biz Op or Big Scam? Find Out Here…
Welcome to my Zukul Trader Review!
I have a feeling that you want to join a MLM company, but don’t where to start, right?
I know there are many online schemes out there and it can be hard to figure out which ones are legit.
Before making your decision to join, you need really good info on the company before your money falls into the wrong hands.
Only research will help you determine if an online opportunity is a scam or a worthy choice for investment.
In my review, I will help you familiarize yourself with the history of this company, learn about the company’s products, and the company’s compensation plan…
So, let’s get started!
Zukul Trader Review – The Company
In 2014, co-founders Jeremy Rush and Michael Bloom started up Zukul and co-ordinated the business operations.
They reinvented their business model in 2016 and then they continued to reinvent themselves into Zukul Gold, but things seemed to wind down in 2017.
About 1 month ago the murmurs came up about this company again, now emerging as Zukul Trader.
Zukul Trader Reviews – The Products
Zukul Trader doesn’t have any products or services for affiliates to purchase or sell.
If you want to sign up as an affiliate with Zukul Trader, you will simply market the company affiliate membership.
The Zukul Trader Compensation Plan
Affiliates looking to take part in the company compensation plan need to sign up and invest into the company.
Company affiliates must invest capital (funds) with the agreement of a promoted passive ROI, where the company says they generate funds by trading cryptocurrency.
The company uses “units” to track affiliate investment:
- Starter Units are $10, capped at 300 active units
- Beginner Units are $35, capped at 1500 active units
- Intermediate Units are $85, capped at 3000 units
- Advanced Units are $185, capped at 6000 units
Company affiliates can earn referral commissions on invested capital on up to level 3 of sponsorship (unilevel):
- Level 1 (personally sponsored affiliates) – 25%
- Level 2 – 10%
- Level 3 – 5%
A 3×10 matrix is used to pay residual commissions generated by affiliates within the company.
The 3×10 matrix puts an affiliate onto the top of the matrix, where 3 positions are right underneath the top affiliate.
These 3 positions now create the first level of the matrix and the second level is achieved by dividing each position on the first level into another 3 positions each (where the second level will hold 9 positions total).
In the 3×10 matrix, the third to tenth level of the matrix are created in the same respect, and every new level will hold 3X more matrix positions then the level prior to it.
Every company unit tier links with a separate matrix tier.
A company affiliate gets put onto the top of the 3×10 matrix when they invest and are also placed in at least one unit on that tier, from Starter to Advanced.
Matrix positions are filled through company-wide sponsorship of new affiliates joining the company.
These new affiliates are put into the matrix as they purchase into a certain tier.
The residual commissions are achieved on unit buying through affiliates that are put into the matrix, and are paid as a percentage of the funds invested by affiliates:
- Level 1 – 10% (3 positions)
- Level 2 – 4% (9 positions)
- Level 3 – 3.5% (27 positions)
- Level 4 – 2.5% (81 positions)
- Levels 5 and 6 – 1.5% (972 positions)
- Level 7 – 1% (2187 positions)
- Levels 8 to 10 – 0.5% (85,293 positions)
There is also an additional 50% Matching Bonus that an affiliate can earn on matrix commissions paid to personally sponsored affiliates.
Cost To Join Zukul Trader
The cost to join Zukul Trader as an affiliate is unknown as costs for membership are not given.
However, the company compensation plan does state there are “monthly residual commissions” which makes me think there is a possible monthly fee associated with becoming an affiliate.
NOTE: Any payments with the company are made through bitcoin cryptocurrency (both those paid and received from affiliates and the company).
Verdict of Zukul Trader
You’ve made it to the end of my review and now I can tell you that, after my research, I do not think this company is 100% legit…
I’m not sure if this company actually reinvented itself or if they have just renamed themselves and continued on with the same “revenue sharing” Ponzi scam using cryptocurrency.
The company says they achieve revenue for ROI payouts by “proprietary software [that] leverages crypto 24/7/365”.
While that’s an amazing ability, is this really what’s happening here?
There does happen to be some proof that the trading may be happening and that’s shown by affiliates having to have an “approved Gdax account,” however the company does not give us any details about who developed or maintains the supposed trading robots they have operating…
So, we can see that the company is offering affiliates a passive ROI through the use of proprietary bots, but when it comes right down to it, they are failing to give us even the smallest legal details that are needed for disclosure purposes for a securities offering made by a company.
Just like the other offerings offered under any Zukul company name, this too seems like a scam instead of a sound business to invest in.
And if we apply some logic here to this situation, if they did have a bot in the company capable of making such great returns, why then share it with the world, for so little? ($10 a head, why not more?)
I’m definitely not saying people should be paying more, but if it seems to good to be true…well you can fill in the rest.
So, let’s take a look at another aspect of this company, there is a large percentage of invested money being used to payout commissions earned by affiliates.
This is the money that the bots do not have access to, so I’m basically saying they are being expected to trade well and above any competition out there…
And if these bots were doing very well, why again are they asking for money from people online?
This is why it is so important for companies to disclose important information to its potential investors, otherwise we could speculate on how they run their business all day long.
Another point that should be mentioned is that, at the time of the company’s publication, the 2 main traffic sources that visit the company website were the UK and USA, and neither the company, nor Jeremey Rush and Michael Bloom are registered to offer securities in either of those countries mentioned.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my Zukul Trader review and if you have any questions, please leave them in the comments below…
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