Trade For Change is involved in the foreign exchange trading multi-level marketing sector.
Within its promotional efforts, Trade For Change refers to “William Coyle” as their Chief Executive Officer:
On LinkedIn, Coyle claims to reside in Costa Rica.
Assuming Coyle’s profile information is accurate, he appears to be a cryptocurrency enthusiast who did not succeed and possesses a past rooted in marketing.
“Kam” is most likely a reference to Kam Salami, a co-founder and CEO at MySway, known for marketing services.
Nicholas Carrier co-founded Rizen with Salami.
Rizen commercializes artificial intelligence avatars tailored for social media influencers.
According to their social media pages, William Coyle and Nick Carrier appear to operate from Costa Rica, with Kam Salami having residency in Canada.
The internet domain for Trade For Change (“tradeforchange.net”), was privately registered on the 25th of January, 2024.
Continue reading for an exhaustive critique of the MLM opportunity at Trade For Change.
Trade For Change’s Offerings
Trade For Change provides no products or services for retail sale.
The sole aspect affiliates can promote is the Trade For Change affiliate membership.
The Compensation Matrix of Trade For Change
Affiliates of Trade For Change commit funds into the company’s control, lured by the prospect of a “10-20% monthly profit target” return on investment.
Within the MLM framework, Trade For Change remunerates affiliates based on the enlistment of new affiliate investors and on the profits generated.
A two-tier referral commission system is available for Trade For Change affiliates:
- Level 1 – $65 for each individual affiliate recruited
- Level 2 – $100
Match on Returns
A matching bonus of 10% on returns is paid out by Trade For Change to affiliates for direct recruits. There is also a 20% match on Level 2 recruits.
Signing Up with Trade For Change
Being affiliated with Trade For Change comes with a membership fee of $333.
Final Thoughts on Trade For Change
Trade For Change engages in a mix of securities, commodities deception and wire deceit.
Fraud in securities and commodities is perpetrated by Trade For Change when they seek investments with the allurement of passive income, allegedly sourced from commodities trading.
The company fails to furnish any form of proof indicating it has registered its investment scheme for passive returns in any jurisdiction.
Seemingly conscious of the fraudulent nature of their activities and not prepared to confront strict regulatory measures, a statement from Trade For Change’s website reads:
We do not proactively seek clients based in the U.S.A., U.K. and Canada.
This insinuates that Trade For Change may still engage in indirect solicitation of investments from American, British, and Canadian residents.
In any case, Trade For Change is not operating lawfully in any nation where financial markets are subject to regulation.
With no products or services offered to the public, the multi-level marketing aspect of Trade For Change functions like a pyramid scheme.
Automated trading bot schemes in the MLM sector generally crumble after a flurry of poor or manipulated trading attempts (benefiting the administrators).
While such cases have become less common, past instances include Akashx, EnviFX, and Digital Profit as examples of such schemes.