What is Trade Coin Club? Is TradeCoinClub a Scam or a Legit?
Are you searching for the Trade Coin Club reviews in order to find out the answers of the queries like what is TradeCoinClub.com, either is Trade Coin Club a scam or a legit, either is there any Trade Coin Club complaints from its members or not, either is there any negative TradeCoinClub reviews or not and so on? If so, then you are absolutely in the right place because here, within our Trade Coin Club review, we are going to provide you the complete truth about Trade Coin Club so that you can find out either is TradeCoinClub.com scam or legit.
Actually, we have listed Trade Coin Club within our Not Recommended sites list. If you want to know why, then you can find the details within our TradeCoinClub review as below. But, before that if you want to find out what kinds of companies we have recommended, then you can find the list of our recommended companies by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
Although we have listed several kinds of legit online work companies, our No.1 recommendation is Wealthy Affiliate. If you want to know why we have rated Wealthy Affiliate as a No.1 online work company, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/
OK, let’s begin with our TradeCoinClub.com review as below to find out what is TradeCoinClub in real.
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Trade Coin Club login and join in link:- http://www. tradecoinclub. com/ (Not Recommended to join)
What is TradeCoinClub and why don’t we recommend it?
Trade Coin Club is a company that pays daily ROIs sourced via cryptocurrency trading software. But, there’s not any evidence that Trade Coin Club has any such system. The only verifiable source of income is the money invested by the affiliates which makes them Ponzi scheme. Even if we agree Trade Coin Club is generating a real profit and the owner of Trade Coin Club has such system, then why they need to collect the investment from several people by paying them high rate of return such as 0.45% daily ROI for 12 months instead of taking a loan from a bank in much more lower rate, much less than 1% monthly. Yep, may be they will say Banks will not loan funds to these types of entities. But, we are not talking about taking loan directly in the name of the company. Yep, sure in the name of company also they can take a loan from a bank if their business can provide real proof of what they are claiming. But, even if they can’t take a loan in the name of company, what about taking personal loan which they can take in much more lower rate than what they are offering to pay back their investors. You can think yourself. Paying 1% monthly to bank will help them to make much more profit than paying 0.45% daily to their investors. So, collecting the investment from several people and paying them 0.45% daily doesn’t make any sense. More than that, only verifiable source of income coming into the Trade Coin Club is the money invested by affiliates which proves that Trade Coin Club is a Ponzi scheme.
Doesn’t convince yet? OK, let’s us clear more points why we don’t recommend Trade Coin Club.
1. The owner details of Trade Coin Club is not clear:-
No one knows who and from where is running and operating Trade Coin Club. If any company is not upfront about the owner details, specially the investment company, that should be consider as a big red flag. We have never find any legit companies which have hide their owner details. Only those who don’t have confidence in their own business need to hide their owner details.
2. Questionable Business model:-
Aforementioned, the business model of Trade Coin Club matches with Ponzi scheme because we can’t find any verifiable source of income than the money invested by the members. So, like in Ponzi scheme, it seems they are paying existing members using the money invested by the new members due to which each time they pay their members, they will create debt into the system. All Ponzi schemes pay at starting in order to lure more people into their scam because without payment proofs, they can’t gather more people into their company. So, they keep on calculating the daily ratio of withdrawal amount versus new investment coming into the company and keep on paying until the new investment coming into the company is more than the withdrawal amount. Once they realize the withdrawal amount is increasing day by day and they can’t make any more profit, they will start to make stories and then at last will completely stop paying and run away with money of members.
Not only that, Like in MLM (Multi Level Marketing) companies, Trade Coin Club offers the referrals commission upto unilevel downlines. But, paying referral commission upto unilevel downlines without selling any real products or services, just on ROI plans and membership fees doesn’t make them real MLM company, but makes them another illegal scheme known as Pyramid scheme.
If you don’t know what is Ponzi and Pyramid schemes, then you can click this link in order to find out the details:- newsonlineincome.com/2017/03/06/what-is-pyramid-scheme/
3. Unclear business details:-
They are claiming that they are making profit by trading cryptocurrency. Is so, then why they fail to provide any information which proof or show that they are really trading cryptocurrency. After all trading cryptocurrency isn’t a big mystery. So, there is not any reason for not showing that transparently. More than that, legitimate trading of anything doesn’t pay out a guaranteed ROI like Trade Coin Club is claiming.
However, due to low percentage of ROI, may be this Ponzi scheme will be able to sustain for longer time than other Ponzi schemes due to which may be many people will start to believe it. But, we are sure that one day it will be collapsed without giving any warning and many will lose their money in this company.
Aforementioned, it is clear that Trade Coin Club is an illegal and unsustainable company. So, we don’t recommend it because we only recommend 100% legal and sustainable companies which you can find by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
In order to recommend any online works or businesses, we do very deep research and even rate the legit companies according to their performances. By considering all factors, we have rated Wealthy Affiliate as a No.1 online work and business. If you want to know why, then you can find the details on Wealthy Affiliate by clicking this link:- newsonlineincome.com/wealthy-affiliate-review/
You can save your friends and families from TradeCoinClub.com by sharing this TradeCoinClub review with them.
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