Hello and a very warm welcome back. Today we are going to do a review of Solid Trade Bank and find out if this is a safe place in which to invest our money?
Companies like this one that has been registered since 2013 would seem like a good business to invest our cash in or at least that is what you would think? Do you agree?
However, the reality can be a very different matter!
Solid Trade Bank promises up to a 2% weekly return on your investment which isn’t huge but it’s better than nothing.
Before we go any further I have a small disclaimer* I’m not associated or affiliated with this company in any way if you decide to make a purchase I won’t receive anything financial or otherwise in the way of commissions.
Being here and performing your due diligence on this program is a very intelligent move to make and I congratulate you!
Let us dive in and learn more about Solid Trade Bank:
Product Name: Solid Trade Bank
Founder: Not disclosed (privately registered in 2013)
Product Type: Investment company and hedge funds
Price: Free to join but if you want to be included in the compensation plan you will need a $25 minimum investment
Recommended For: The answer will be revealed at the end.
What Is Solid Trade Bank?
After looking around the net for more than an hour I couldn’t find any information on the founder/s of Solid Trade Bank which is a very worrying sign.
The only information available was they were registered in 2013.
They claim to be an investment company dealing in hedge funds, and investments among other things. But, there is no evidence of the company being registered to carry out these actions.
They need to be licensed for this.
Another worrying factor is the fact that they don’t have a virtual or physical address.
Alexa shows the majority of traffic to the website comes from Russia and maybe that is where the founders are from?
What Products Does Solid Trade Bank Offer?
From what I can see they do not seem to offer any physical or virtual products. Just like an MLM.
You basically get 2 options:
1. sign-up and create a free account on the website and join one of their compensation plans. Or
2. Become an affiliate and start promoting their affiliate membership to get others to join the offer.
How Does The Product Work?
This is the information that can be found on the website:
” Solid Trade Bank today is a continuously growing financial entity that comprises of a series of non-financial subsidiaries that allow the head company to evolve day by day and keep a cutting edge position in the priority domains of our business “. (whatever that means)
The 5 areas of trading are:
- Oil and Gas Industry
- Heavy Industry
- Real estate
- Securities Market
As said previously they are not regulated to carry out this type of trading!
They also don’t give you any kind of idea on how they generate income, or how they make their promised returns.
This effectively means that they’re only making money from one source: the recruitment of others.
Recruitment is carried out to get new people in, to generate new investments, which are used to pay the members in the top tiers of the pyramid.
If you’re at the bottom of the scheme, you won’t get paid! (I know from previous experience of this type of program)
How Can You Make Money with Solid Trade Bank?
The only way you can make money with this program is by recruiting others to join it and hoping they will do the same!
Not much of an incentive really or is that just me? (leave your answer in the comments)
How To Get Started with Solid Trade Bank?
It is totally free to join Solid Trade Bank but in order to take part in their income opportunity, you will need to invest a minimum of $25.
You can just get affiliate links if you don’t wish to invest.
The Compensation Plan’s
With Solid Trade Bank there are 2 compensation plans:
- 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
The Affiliate Membership
The uni-level type affiliate program always starts with you at the top and looks like this:
The first 3 people you recruit will be your level 1.
Once the level 1 people get others to join they will become your level 2. And so on and so forth.
Solid Trade Bank caps the structure at level 1 only, but there’s no mention of how many people you can recruit on that or any other level.
Each recruit pays you a 0.5% commission.
Pros Of Solid Trade Bank
To be very honest I could not find any pro’s for this program what’s so ever.
Cons Of Solid Trade Bank
- The company is unlicensed so they cannot carry out financial transactions and investments on behalf of their clients.
Because they offer a passive income opportunity, which represents a securities offering.
They are committing securities fraud. This could get you some jail time if you get caught by the powers that be.
- No information at all about the owner/founder to be found anywhere on the web. This is a huge red flag when they are advertising themselves as involved in hedge funds and investments.
- There are no products or services and that means this is an MLM/Ponzi Scheme in the eyes of the FTC that is very bad news.
Would I recommend Solid Trade Bank?
There is No way I would recommend this program to anybody, there are just too many red flags and not enough evidence that you are investing in anything other than recruiting others to join!
In my opinion, this is a Ponzi Scheme and that is something everybody should stay well away from!
If you are seeking a legitimate business opportunity then read on.
*This post may contain affiliate links. This means if you click through one of the links and make a purchase then I could make a commission. The price you pay will not be affected.
P.s. I only recommend products and services that I actually use.
How I Work Full-Time Online
It took me 6 years of searching to find this wonderful program!
I work In the world of Affiliate Marketing. There are many positive reasons for this:
- You can start for free (with my #1 recommended program) No credit card needed.
- There are no expensive tools or software to pay for.
- You can work on this a couple of hours a day in your spare time as long as you are consistent.
- You don’t need to make your own products if you don’t wish to.
- You will learn all about SEO which is the organic and sustainable way of driving free traffic to your site.
- No need to recruit others to join the program to make money.
- You don’t need to be concerned with customer support.
- No special skills needed, which is great as I don’t have any!
- You can still earn from whatever you are writing today for many years to come, a truly passive income stream.
- No need to pay out for ads unlike the course we have just reviewed.
After starting with this training program and learning all I needed to know for a fraction of the money that other courses are charging I quit my dreaded day job at the 10-month mark.
Affiliate Marketing is a simple business model that just takes a lot of work to get started in the beginning because you are getting traffic organically as opposed to paying for it.
Stick with it and you could be like the Super Affiliates that I work alongside who are earning 5K 10K and up to 50K a month.
Littlemama, aka Grace, is a shining example of how much you can make with Affiliate Marketing.
Grace made it to Vegas for her all-expenses-paid trip for recruiting over 300 people into Wealthy Affiliate in a year, in her 2nd year with the program.
With no specialised skills, she just did the training and put in the work. The same as you if you join now for free.
(If you want to make your new business work upgrade to the premium membership for $49 a month or $1.63 a day less than a Starbucks!)
You don’t have to go the recruiting route if you don’t want to.
There are just so many niches to choose from where you can earn a passive income through Affiliate Marketing.
Thanks very much for your support.
Do you have any questions for Me? You can leave them in the comments box below and I will be very happy to answer them for you.
Was this valuable information for you? Please share this post to help others to find what they are seeking online by using the sharing buttons provided.
Lisa. Founder and CEO of mistakesbloggersmake.com