What Is Solid Trade Bank? A Fake Investment MLM Company and Ponzi!

Solid Trade Bank claims to be an investment and hedge fund MLM or multi-level marketing company with no concrete information on who’s running it. 

Based on their WhoIs information, the domain name was registered initially on Sept 2013 and wasn’t updated till September 2018. 

All other registration information is marked private, so there’s no way to find out who did the registration and where they’re registered from. 

We assume that the owners are probably from Russia because most of their traffic is coming from there based on Alexa data. This is not surprising given that Russia is one of the hotspots for Ponzi schemes. 

Solid Trade Bank Product Line

Solid Trade Bank offers no product or services as a MLM company, which is a huge red flag. 

Rather, you only get access to their income opportunity when you invest in the program. Which brings us to the next topic. 

Does The Product Work?

Solid Trade Bank pitches on their website that they’re a growing financial entity with non-financial subsidiaries that allow them to evolve day by day. 

Whatever that means, it’s nothing more than your glorified financial mambo-jumbo sales pitch. 

Their company focuses on 5 key areas of trading:

1. Banking
2. Oil and Gas Industry
3. Heavy Industry
4. Real estate
5. Securities Market

To operate as a financial institution offering investments and passive income, you need to be registered with financial regulators, for which Solid Trade Bank isn’t. 

They also don’t give you any solid idea on how they generate income, or how they make their advertised returns. That means that they’re only making money from one source: recruitment. Recruitment is done to get new people to generate new investments, which are used to pay off the members in the higher tiers. As long as you’re at the lowest tier of the scheme, you’re not getting paid.

There’s only one way to make money from Solid Trade Bank and that’s through new member recruitment. New member recruitment is done to generate income and to pay off existing members. 

How To Get Started with Solid Trade Bank?

It’s free to join Solid Trade Bank but to take part in their income opportunity, you’d need to invest a minimum of $25. There’s no mention of any maximum investment. 

If you don’t like to shell out some cash, you can grab affiliate links for Solid Trade Bank and start promoting the company. 

Solid Trade Bank Compensation Plan

Their compensation plan is quite simple. You earn a promised return based on your investment as follows: 

• 0.2 % for 35 Business Days – Estimated Annual income is 52% – min/max deposit: $25 – $10,000
• 2% weekly for 25 weeks – Estimated Annual income is 108% – min/max deposit: $25 – $10,000

Solid Trade Bank Affiliate Membership

They also have an affiliate membership program following a unilevel structure. This places you at the top and all your personal direct recruits at the bottom. Your direct recruits are labeled as your level 1. 

When your level 1 people recruit, they become your level 2 members and subsequently, your level 1’s level 1. 

Solid Trade Bank caps the structure at level 1 only, but there’s no mention of how many you can recruit on that level. Each recruit pays out a 0.5% commission to you. 

#1 No Ownership Information

One red flag here is that there’s no ownership information posted anywhere on their site, or anywhere on the Internet. This is very suspicious because they’re supposedly running an investment and hedge fund company. The fact that they are doing this anonymously means that they don’t want to be criminally liable for anything at all. 

#2 Unlicensed Company

The company is unregistered to carry out financial transactions and investments on behalf of their clients. They’re supposed to be registered with financial regulators but that’s not the case here. 

They offer a passive income opportunity, so that constitutes securities offering. They are unregistered so that means they are committing securities fraud. This could land you some jail time if you get caught by the authorities. 

#3 Definitely a Ponzi Scheme!

At the heart of their compensation plan is recruitment, which is a big red flag in the eyes of the FTC and other regulatory agencies from other countries that monitor MLM activity. 

The reason why this is a Ponzi scheme is because you’re only generating income through recruitment. Without recruitment, you’re not making any money here. 

That’s the definition of a Ponzi scheme.

There’s nothing to like about this program because Solid Trade Bank is a Ponzi scheme. There’s nothing remotely SOLID about their opportunity here. 

Solid Trade Bank is a Ponzi scheme. Nothing more, nothing less. It markets itself as an investment company / hedge fund but there’s nothing on there that proves they’re legitimate. 

Their compensation plan is reliant on you recruiting people. You recruit people to generate your promised ROI. 

There’s nothing that proves that you’re making money through legitimate investments. They’re not even registered to carry out transactions for their clients. 

Stay away from this program!

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...