Trio Trader Review – Legit MLM Opportunity or Huge Scam?
Welcome to my Trio Trader Review!
There has been some buzz about this latest company, so I decided to take a look at what this was all about.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
All you have to do is pay close attention and read this to the end…
Trio Trader Review
Trio Trader began life as Qube Trade back in August of 2018.
However, the launch didn’t do so well and renamed it Trio Trader and relaunched in November.
As of right now, couldn’t tell the difference between the two mlm companies other than the name.
For some reason, Trio Trader doesn’t have any information on who runs or owns the business, but I do know that the domain “triotrader.com” was registered back in October 29th, 2018.
Amir Dauti of Dauti Tech was listed as the owner with an address in Ontario, Canada.
This makes sense because their user agreement says the following:
Trio Trader is provided by Trio Software Inc. of Canada, Ontario, and its suppliers.
After further digging, I discovered that Joseph McDermott (CVO), Scott Phoundpadith (CEO) and Amir Dauti (CTO) are the founders.
Now for a history lesson…
Joseph because network marketing back in 2000 after dropping out of high school.
By the end of 2017, he was on stage for an iPro network event.
iPro Network was a crypto MLM altcoin based company.
Scott was an owner of World Cryptocurrency 101.
Anyway, that’s all I got on the company, let’s take a look at the products inside of this Trio Trader review…
Trio Trader Products
Most MLM companies have retail products and services to sell to customers
However, for some reason Trio Trader doesn’t have any retail products or services, but you can promote the affiliate membership.
Up next, the compensation plan and unlike other Trio Trader reviews, I will go in detail…
Trio Trader Compensation Plan
Trio Trader members invest bitcoin on a promise of some kind of passive ROI.
There isn’t any information on the minimum or maximum investment.
All of the commissions inside of this company are paid in bitcoin.
Members pay $100 per month to get access to this automated ROI.
The $100 goes towards the commission payout when you sponsor new members:
- Sponsor a one month subscription affiliate and receive a $10 commission
- Sponsor a six month subscription affiliate and receive a $100 commission
- Sponsor a twelve month subscription affiliate and receive a $150 commission
Again, they use USD, but all commissions are paid in bitcoin.
All of the residuals inside of Trio Trader is paid out through a binary compensation plan.
This just means you are at the top and there are two legs under you.
Left and a right.
End of each day, all the volume on both legs is calculated and you are paid on the lesser leg.
They also use a point based system in their calculation:
- Monthly subscription = 1 point
- Six month subscription = 6 points
- Annual subscription = 10 points
Basically, each point matched on both side is $15 commission (give or take) in bitcoin.
They cap this at $3000.
In order to get paid $4500 per day, you must keep ten active affiliates (five on each leg).
Trio Trader gives you a matching bonus on your downline members commission payouts:
- Sponsor and maintain at least two active affiliates (one on both sides of the binary team) and receive a 20% match on level 1 (personally recruited affiliates)
- Sponsor and maintain at least four active affiliates (two on both sides of the binary team) and receive a 20% match on levels 1 and 2
- Sponsor and maintain at least six active affiliates (three on both sides of the binary team) and receive a 20% match on levels 1 and 2 and a 10% match on level 3
Cost To Join Trio Trader
The cost to join will depend on what kind of subscription you get:
- 1 month subscription = $100
- 6 month subscription = $600
- 12 month subscription = $1000
Looks like the 12 month is slightly discounted.
All of these payments are made in bitcoin.
The moment you have been waiting for inside of this Trio Trader review…
Trio Trader promotes a:
crypto currency auto trader that can handle hundreads [sic] of thousands of customers orders in one go and make a consistent profit and passive income.
Now because of their guaranteed ROI’s, this becomes a security offering.
In other words, Trio Trader needs to be registered with the SEC to promote in countries that require that.
Company is from Canada, but I couldn’t find any SEC registration there or in the USA.
Because of this…
Trio Trader is operating illegally in North America.
They can solve this by just registering…
Anyway, as of right now I would hold off until they register…
I hope you enjoyed my Trio Trader review and if you have any more questions, feel free to ask in the comments below…
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