My Trader Coin Review
Hey, welcome My Trader Coin Review!
My Trader Coin is among the many tools getting a lot of buzz on the internet.
That is why the phrase does not surprise you.
You might have learned about it from your friends or family or even on the popular social media platforms, but is My Trader Coin legit or scam?
You have heard about people building solid businesses with the tool.
Is the businesses real?
Let’s find out now in this full review of My Trader Coin…
Read Other Similar MLM Company Reviews
My Trader Coin – About My Trader Coin
My Trader Coin is a company that makes a kind of lusterless first impression with the official website.
The website does not provide any information about the company owner, its location, or the year they started operations.
To get the information, you have to dig deeper outside the company website.
Nevertheless, it is among one of the MLM opportunities in existence today.
Alexa’s ranking for the company’s website shows that its primary traffic originates from Ecuador, Brazil, Spain, the United States and Columbia.
My Trader Coin – Who is the founder?
The information on Alexa is in line with the primary languages available on the company’s website – Spanish, English, and Portuguese.
It indicates that the people doing the business are from one of the areas.
More research shows that Andre Feitosa is a top leader of this company.
Feitosa is indeed a good friend of Sann Rodrigues, the owner of another MLM program, iFreex.
Earlier, Feitosa participated in the promotion of Bit Trader Banking, another opportunity, and that might be where he got the idea of starting the My Trader Coin.
The two companies have many similar features in their compensation plans which you will see further below…
My Trader Coin – The products to sell
There are no products to sell.
The company operates like others along the lines.
They do not sell or market anything to the world.
Alternatively speaking, you will only have the affiliate membership to market to the prospective customers.
After deciding to join the My Trader Coin affiliate program, you will access the media network (known as AliveApp) and start working with a cryptocurrency called the LifeCoin.
My Trader Coin Reviews – The compensation plan
To make money with My Trader Coin, you have to invest some money (if not a lot of money) into the company.
The company pays returns on the affiliate’s investment on a daily basis – they pay for 300 days in total.
There are many investments to select as an affiliate. They include:
– Plan 100
To benefit from the plan, you have to invest $100. Eventually, you will get $300 ROI, which the company pays out as $1 each day.
– Plan 500
The plan requires affiliates to invest $500. The company pays $1800 annually, which they payout as $6 in a day.
– Plan 1k
The plan requires affiliates to invest $1000. The payout of this investment is $3600 and the company pays it out as $12 each day.
– Plan 5K
The Plan 5K requires affiliates to invest $5000 so that they can receive $16,800 annual returns. My Trader Coins pays out the amount as $56 each day.
– Plan 10k
Affiliates who select this investment plan invest $10000. The plan’s payout is $33,600 and the company pays it out as $112 each day.
– Plan 50K
To benefit from Plan 50k you have to invest $50,000. The eventual return on the investment is $1655000 and the company pays it out as $550 each day.
Affiliates are able to secure a 20% referral commission for all investments made by people they recruit.
However, you have to keep in mind that all My Trader Coin investors have to pay a 10% fee –10% of the amount you have invested.
What’s more, you can only pay the fee in bitcoins, nothing else.
What will it cost to join My Trader Coin
If investing in My Trader Coin sounds as a good idea to you, you have to pay between $100 and $50,000 to start earning.
My Trader Coin – pros and cons
- The company requires you to pay a single amount for the investment
- They pay high returns that they pay on a daily basis
- You do not have to work on full-time basis
- There are no products to sell apart from the affiliate program itself
Is My Trader Coin Legit or Scam?
Now, the question that most people want to know the answer to…
Is My Trader Coin Legitimate Or a Big Scam?
UPDATE: The original verdict was that My Trader Coin was a legit opportunity.
However, upon further investigation and a strong desire to let you know the full truth of the company, it has been been found that they are operating as an illegal pyramid scheme.
According to Wikipedia “A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services”.
Therefore, this is not a system that I would recommend to you if you are looking for a legitimate online earning opportunity
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