TradeProfit offers members up to 4% as daily profit, requesting $100,000 as investment deposits.
Already, the US SEC warns the public about Trade Profit and their unregulated business, implying that the company operates without a license.
You can see the information from the program titled Public Alerts: Unregistered Soliciting Entities (PAUSE), a branch of the SEC department that unmasks unlicensed and unregistered entities.
Here is the LINK.
TradeProfit lacks the kenning that would have made it an exact match with the Trade Profit listed on the SEC site. Also, the domains are different. Regardless, such a minor thing as domain registration has never hindered any company in this category. They always rebrand.
How can you tell the companies are the same?
Compare the description on the sec.gov site with the details on TradeProfit.net. TradeProfit seems a reflection of the PAUSE-indexed Trade Profit pretending to operate in the US. Here are some pointers below.
“Stock photo” Proxies
None of the trim gentlemen touted as team members are real people. Jacob Harry could be anybody’s favorite pseudonym.
The same applies to Robert Walter, whose name trails back to meme photos on the internet when checking on Google reverse search. There are no substantial records about the two people on the site or anywhere else, suggesting that they are merely contrived proxies.
We will examine other issues about the company in the following sections.
Read on below for details.
Table of Contents
TradeProfit: Company is Unprofessional
The first thing you notice about the company is the faulty syntax and incongruous services it claims to offer. See a sample below.
So, we can infer that the company solicits investments in the following fields _
Crypto Mining, and
Nothing on the site suggests that the company is generating profits from these businesses anyway. The Affiliate Program section is just further down the page. It shows that the site is only after membership recruitment, pending when there is any proof of revenues realized from CFDs, Forex, Crypto Mining, etc.
Obviously, mechanical accuracy is the one strait crypto proxies can’t pass. TradeProfit has the same problem here, where members with English-sounding names are unable to write a coherent paragraph on their site.
That is very amateurish. It’s a red flag you can always spot about these kinds of platforms.
See how the compensation plan works below.
Affiliate Compensation Plan
You will have to invest in the available membership compensation plans to earn profits from this scheme. It’s a three-way plan. Here is how it works.
TradeProfit requires members to reinvest in at least their current plan upon expiry. That’s the unchecked compliance that could easily cost affiliates their returns.
Premium Plan _ pays 4% per day for a $100,000 deposit valid for twenty (20) days.
Standard Plan _ pays 2.5% daily for a $50,000 deposit valid for six (6) days.
Basic Plan _ pays 2% per day for a $49.999 deposit valid for six (6) days.
Moreover, members earn $500 per month when they have up to sixty (60) downline referrals. Scaling up to one hundred (100) downline referrals can earn an affiliate $800 per month.
TradeProfit also pays a ten percent (10%) bonus to members as a referral bonus whenever their referrals buy a membership plan.
Login/Sign-in to Account
You can sign in to your account using the following TradeProfit login steps.
- Go to the official website.
- Opt for membership login (preferably, retrieve your affiliate link and use it to log in to your account).
- Enter your sign-in details (email address and password).
- Then, click on login.
Is the platform legit? See below for answers.
Conclusion _ Is TradeProfit Legit or Scam?
The company is not legit one bit. It is merely baiting people to invest their money into unrealistic ROI-weighted plans.
Also, it has yet to clear the SEC issues. Instead, the company disregards the need for an SEC license, offering crypto investments.
Additionally, it is impossible to offer two-figure flat quotes as remittals for this kind of business. CFDs profit from a very narrow margin, excluding the chaotic derivatives that the trader will have to maneuver.
The US SEC department identifies various kinds of Ponzi under the HYIP (high yield investment program) category. So far, TradeProfit ticks positive boxes.