What is Ethtrade.org? Is Ethtrade a Scam? – NOI

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 or not, but we also do the deep research to find out either they can keep on paying or not. But, from our research, we find out that the 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 that 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.org/wealthy-affiliate-review/

But, we can’t rate Ethrade simply because it doesn’t pass the criteria of our rating due to its business model which is not legal.

OK, now let’s begin with our Eth Trade review as below in order to find out what is Eth Trade in real.

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 details on Ponzi and Pyramid schemes by clicking the following respective links:-

Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/

Pyramid Scheme:- newsonlineincome.org/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 Eth Trade company is fake.

3. Bogus Business Model:-

Although Ethtrade has claimed it can pay 125% ROI monthly 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? Don’t you think those kinds of companies can easily take a loan from a bank in much more lower rate, less than 1% monthly? Even if they can’t take a loan in name of the company, they can take a personal loan. After all paying 1% monthly interest will help them to make much more profit than paying 125% ROI monthly to their investors. Actually, the only verifiable source of income in Eth Trade is the money invested by affiliates which makes Eth Trade a Ponzi scheme. Eth Trade also provides 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 only selling 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 that we can point out about Ethtrade, but we think we have already provided enough points to prove Ethtrade is a bad company. So, now we conclude this Ethtrade review.

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Good Luck!