If you are searching for Ethtrade reviews in order to find out what is Ethtrade in real, either is Ethtrade.org a scam or a legit, either is there any Ethtrade complaints from its members or not, either is there lots of negative Ethtrade.org reviews or not and so on, then you are absolutely in the right place because here, within our Ethtrade review we are going to provide the complete truth about Ethtrade so that you can identify either is Ethtrade.org scam or not by yourself. Actually, we have listed Ethtrade within our Not Recommended sites list and if you want to know why, then you can find the details within our Ethtrade.org review as below. If some of you are thinking what kinds of companies do we recommend, then you can find the list of our recommended online businesses by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
The major reason for not recommending Ethtrade is its business model which is not clear and more inclined towards illegal schemes like Ponzi and Pyramid. Actually, when we recommend any online work companies, we don't only observe either they are paying at the moment or not, but we also do deep research to find out either they can keep on paying or not. But, from our research, we find out that Ethtrade can't sustain for long run and can stop paying anytime in the future. Even when we recommend any online work companies, we rate them according to the performance of the company, such as Wealthy Affiliate is our No.1 recommendation. If you don't know what is Wealthy Affiliate, then you can find the details by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, now let's begin with our Ethtrade review in detail as below in order to find out what is Ethtrade in real.
Ethtrade login and join in link:- https:// ethtrade. org/ (Not Recommended to join)
Ethtrade is a combination of two illegal schemes known as Ponzi and Pyramid schemes. If you don't know what is Ponzi and Pyramid schemes, then you can find out the detail definition of Ponzi and Pyramid schemes by clicking this link:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
So, it is already enough for us not to recommend any company if the business model of that company is illegal and unsustainable. So, we don't recommend Ethtrade. Following are some points which prove that Ethtrade is an illegal and unsustainable company.
1. Unclear owner details:-
Although Ethtrade has provided some names of its management team on its website, but also it fails to prove those are the real team members of Ethtrade because all information about the owner is hidden within WHOIS details. There is not any reason to hide the owner details in WHOIS if company is providing real name of its owner.
2. Legal warnings from concerned authorities against Ethtrade.
Ethtrade claims to be registered company in Hong Kong. But, Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has already warned
that the Ethtrade is one of the businesses that has been unlicensed in Hong Kong, but is claiming to
have association with Hong Kong. SFC has also mentioned that the address provided by Ethtrade is an address which actually belongs to
secretarial company, not to the Ethtrade. So, this already proves how much Ethtrade company is fake.
3. Bogus Business Model:-
Although Ethtrade has claimed it can pay 125% ROI mothly to its investors by making real profit, but fails to provide the verifiable source of income for that. Actually, you can think yourself. If some company can pay 125% ROI to its investors, why they need to collect the investment from several people and pay them 25% interest monthly in first place because those kinds of companies can easily take a loan from a bank in much more less, more less than 1% monthly. Even if they can't take a loan in the name of company, they can take a personal loan. After all paying 1% monthly will help them to make more profit than paying 125% to their investors. Actually, the only verifiable source of income is the money invested by affiliates which makes Ethtrade Ponzi scheme. Ethtrade also provided referral commission upto multilevel downlines like MLM companies, but what makes them illegal is that they are not selling any real services or products, instead selling only ROI plans and giving referral's commission on that which makes them another illegal scheme known as Pyramid scheme.
Actually, there are much more things we can say about Ethtrade, but we think we have already provided enough points to prove Ethtrade is bad company. So, now we conclude this review.