BullTrade fails to provide ownership or executive information on its website.
BullTrade’s website domain (“bulltrade.io”), was privately registered on March 20th, 2023.
Over on BullTrade’s official YouTube channel, we find four marketing videos suggesting whoever is running BullTrade has ties to India:
Further supporting this is BullTrade’s “english” marketing video being a robodub. This is typical of non-native English speaking admins.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
BullTrade has no retailable products or services.
Affiliates are only able to market BullTrade affiliate membership itself.
BullTrade’s Compensation Plan
BullTrade affiliates invest USD equivalents in cryptocurrency. This is done on the promise of advertised returns:
- Daily Plan 1 – invest $5 to $499 and receive 0.4% a day
- Weekly Plan 1 – invest $5 to $499 and receive 4% a week
- Yearly Plan 1 – invest $5 to $499 and receive 400% annually
- Daily Plan 2 – invest $500 to $4999 and receive 0.5% a day
- Weekly Plan 2 – invest $500 to $4999 and receive 5% a week
- Yearly Plan 2 – invest $500 to $4999 and receive 500% annually
- Daily Plan 3 – invst $5000 to $100,000 and receive 0.6% a day
- Weekly Plan 3 – invest $5000 to $100,000 and receive 6% a week
- Yearly Plan 3 – invest $5000 to $100,000 and receive 600% annually
BullTrade pays referral commissions on invested funds via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
BullTrade caps payable unilevel team levels at ten.
Referral commissions are paid as a percentage of cryptocurrency invested across these ten levels as follows:
- level 1 (personally recruited affiliates – 5%
- levels 2 to 10 – 0.5%
BullTrade affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $5 investment.
BullTrade solicits investment in various cryptocurrencies.
BullTrade represents it generates external revenue via cryptocurrency trading.
At BullTrade, we leverage the power of Binance isolated positions with up to 100x leverage to maximize your investment returns.
Our skilled traders meticulously analyze market trends and make informed decisions, ensuring the best possible outcomes for our clients.
In addition to their being no evidence provided, BullTrade’s claims fail the Ponzi logic test.
600% annually comes to 1.6% a day without compounding. Anyone capable of legitimately generating that sort of return isn’t providing you access for free.
They also aren’t wasting their time running cookie-cutter anonymous admin websites.
As it stands the only verifiable source of revenue entering BullTrade is new investment. Using new investment to pay affiliates a daily, weekly or annual return makes BullTrade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BullTrade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.