Robot22 Trade Review: “Algo trading” Ponzi scheme

R

Robot22 Trade provides no information on its website about who owns or runs the company.

Robot22 Trade’s website domain (“robot22trade.com”) was first registered in October 2019. The private registration was last updated on October 9th, 2020.

In an attempt to appear legitimate, Robot22 Trade provides a UK incorporation certificate for Robot 22 Trade LTD on its website.

UK incorporation is dirt cheap and effectively unregulated. It is a favored jurisdiction for scammers looking to incorporate dodgy companies.

For the purpose of performing MLM due-diligence, UK incorporation is meaningless.

Of note are the two languages offered on Robot22 Trade’s website; English and Russian.

This suggests whoever is running Robot22 Trade could have ties to Russia or a neighboring country.

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.

Robot22 Trade’s Products

Robot22 Trade has no retailable products or services, with affiliates only able to market Robot22 Trade affiliate membership itself.

Robot22 Trade’s Compensation Plan

Robot22 Trade affiliates invest funds on the promise of an advertised ROI.

  • Package A – invest $50 to $199 and receive a 10% ROI in 48 hours
  • Package B – invest $200 to $99 and receive a 20% ROI in 4 weekdays
  • Package C – invest $500 to $999 and receive a 30% ROI in 6 weekdays
  • Package D – invest $1000 to $4999 and receive a 40% ROI in 8 weekdays
  • Package E – invest $5000 to $9999 and receive a 60% ROI in 10 weekdays
  • Package F – invest $10,000 or more and receive an 80% ROI In 12 weekdays

Robot22 Trade pays referral commissions on invested funds down two levels of recruitment (unilevel):

  • level 1 (personally recruited affiliates) – 6%
  • level 2 – 2%

Joining Robot22 Trade

Robot22 Trade affiliate membership is free.

Full participation in the attached income opportunity however requires a minimum $50 investment.

Conclusion

Robot22 Trade claims to generate external ROI revenue through “algo trading”.

No evidence of trading is provided. Nor is there any evidence of Robot22 Trading paying returns with external revneue of any kind.

Furthemore, Robot22 Trade’s business model fails the Ponzi logic test.

If Robot22 Trade’s anonymous owners were truly capable of legitimately generating 80% every 12 days, they run their trading bot for themselves.

Even with a modest capital, 80% every 12 days compounded soon turns into a fortune.

Instead the only verifiable source of revenue entering Robot22 Trade is new investment.

Using new investment to pay existing affiliates a return makes Robot22 Trade a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Robot22 Trade of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

Add comment

By

Recent Posts

Recent Comments