Tecmactrade fails to supply possession or govt info on its web site.
Tecmactrade’s web site area (“tecmactrade.com”), was privately registered on July 1st, 2022.
Tecmactrade uploaded a Boris CEO advertising and marketing video to its official YouTube channel on January 2nd, 2023.
The video contains a Russian dub-over, non-native English talking actors and photoshopped workplace constructing footage.
All three of TecMacTrade’s introduced executives function within the video, however solely “Kenneth White” speaks.
The opposite two are dubbed over with a Russian man talking English. I’m placing this all the way down to “Benjamin Turbin’s” and “Harold Wilson’s” accents not being digital camera prepared.
Kenneth White has an Indian accent and doesn’t appear fussed she’s been given a historically male identify.
In his spare time “Harold Wilson” likes to mannequin clothes for Indian retailers:
The placement for Tecmactrade’s rented workplace area advertising and marketing video is IHDP Enterprise Park in Noida, Uttar Pradesh.
To cement our Russian connection to Tecmactrade we first have this man strolling about within the video:
Very Boris wanting, stands proud like a sore thumb and naturally isn’t given a talking position.
After which we’ve got Russian language laptops given to the actors:
Placing all of this collectively, Tecmactrade is run by Russians and we’ve got a basic Boris CEO advertising and marketing video shot in India.
Indians have additionally been employed to handle Tecmactrade’s official FaceBook web page:
In an try to cover Tecmactrade’s Russian origins, the corporate gives bogus company addresses within the US, New Zealand and UK on its web site.
Shell firm certificates for Tecmactrade LLC and Tecmactrade Restricted within the US and New Zealand respectively, are additionally offered.
For the aim of MLM due-diligence, primary incorporation in any jurisdiction is meaningless. That is because of the ease with which scammers can incorporate shell corporations with bogus info.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Tecmactrade’s Merchandise
Tecmactrade has no retailable services or products.
Associates are solely capable of market Tecmactrade affiliate membership itself.
Tecmactrade’s Compensation Plan
Tecmactrade associates make investments USD equivalents of cryptocurrency. That is performed on the promise of marketed returns:
- Micro – make investments $25 to $4999 and obtain 1.6% to 1.9% a day for 150 days (25% of preliminary funding returned)
- Nano – make investments $5000 to $39,999 and obtain 1.9% to 2.2% a day for 140 days (35% of preliminary funding returned)
- Pico – make investments $40,000 to $100,000 and obtain 2.2% to 2.5% a day for 130 days (50% of preliminary funding returned)
Tecmactrade pays returns Monday by way of Friday. Word that Tecmactrade expenses a 9% price on all withdrawals.
The MLM facet of Tecmactrade pays on recruitment of affiliate traders.
Rank Achievement Bonus
There are 9 ranks inside Tecmactrade’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Stage 1 – generate $30,000 of gathered funding quantity on either side of your binary staff
- Stage 2 – generate $60,000 of gathered funding quantity on either side of your binary staff
- Stage 3 – generate $100,000 of gathered funding quantity on either side of your binary staff
- Stage 4 – generate $150,000 of gathered funding quantity on either side of your binary staff
- Stage 5 – generate $200,000 of gathered funding quantity on either side of your binary staff
- Stage 6 – generate $350,000 of gathered funding quantity on either side of your binary staff
- Stage 7 – generate $700,000 of gathered funding quantity on either side of your binary staff
- Stage 8 – generate $1,400,000 of gathered funding quantity on either side of your binary staff
- Stage 9 – generate $2,800,000 of gathered funding quantity on either side of your binary staff
Referral Commissions
Tecmactrade pays a referral fee on cryptocurrency invested by personally recruited associates.
Referral fee charges are decided by how a lot a Tecmactrade affiliate has invested:
- Micro tier associates obtain a 9% referral fee
- Nano tier associates obtain a 12% referral fee
- Pico tier associates obtain a 15% referral fee
Residual Commissions
Tecmactrade pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary staff, cut up into two sides (left and proper):
The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary staff can develop.
On the finish of every day Tecmactrade tallies up new funding quantity on either side of the binary staff.
Associates are paid 10% of recent funding on their weaker binary staff facet.
Word that every day residual fee charges are capped primarily based on how a lot a Tecmactrade affiliate has invested:
- Micro tier associates can earn as much as $1500 a day
- Nano tier associates can earn as much as $4000 a day
- Pico tier associates can earn as much as $10,000 a day
As soon as paid out on, funding quantity is matched towards the stronger binary staff facet and flushed.
Any leftover quantity on the stronger binary staff facet carries over.
Recruitment Bonuses
Tecmactrade rewards associates for recruiting new affiliate traders.
- join ten affiliate traders and obtain $25
- join twenty-five affiliate traders and obtain $150
- join fifty affiliate traders and obtain $300
- join 100 affiliate traders and obtain $600
- join 100 and fifty affiliate traders and obtain $1200
Rank Achievement Bonuses
Tecmactrade rewards associates for qualifying at Stage 1 and better with the next one-time Rank Achievement Bonuses:
- qualify at Stage 1 and obtain a “$300 set of headphones or cashback”
- qualify at Stage 2 and obtain a “$650 cellular or cashback”
- qualify at Stage 3 and obtain a “$1250 value laptop computer or cashback”
- qualify at Stage 4 and obtain a “$1875 value newest iPhone or cashback”
- qualify at Stage 5 and obtain a “$3000 value Dubai journey for 3 days 4 nights or cashback”
- qualify at Stage 6 and obtain a “5250 value goldbar or cashback”
- qualify at Stage 7 and obtain a “$14,000 value Europe journey (6 days 7 nights) or cashback”
- qualify at Stage 8 and obtain a “$55,000 value automobile or cashback + franchise membership”
- qualify at Stage 9 and obtain a “$110,000 value luxurious automobile or cashback”
Becoming a member of Tecmactrade
Tecmactrade affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $25 funding.
Tecmactrade solicits funding in numerous cryptocurrencies.
Tecmactrade Conclusion
Tecmactrade’s enterprise mannequin is the standard AI buying and selling bot nonsense.
We’re a web-based market for getting and promoting overseas change and digital currencies.
We’ve modified By fusing the power of people with cutting-edge AI know-how, we are able to change the way in which individuals take into consideration commerce.
No proof of Tecmactrade producing exterior income by way of AI bot buying and selling is offered.
On the regulatory entrance Tecmactrade’s passive funding alternative constitutes a securities providing. This requires Tecmactrade to register with monetary regulators in each jurisdiction they solicit funding in.
As a substitute of doing that and working legally, Tecmactrade falsely represents its shell corporations are registered with monetary regulators.
IN WHICH JURISDICTIONS IS TECMACTRADE AUTHORISED AND COMPLIANT?
The Firm is at the moment accredited and registered in New Zealand, USA, and UK.
Tecmactrade isn’t registered to affords securities in any jurisdiction. The corporate commits securities fraud the world over.
Because it stands, the one verifiable income getting into Tecmactrade is new funding.
Utilizing new funding to pay a every day return to traders makes Tecmactrade a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Tecmactrade of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.
