Today we will be reviewing an MLM company known as Copy Pro Traders. Is this company legit? Find out in this Copy Pro Traders review.
It was brought to my notice that Copy Pro Traders is one of the few companies that uses real trading to make a profit for you. As someone who likes going into deep dives regarding online schemes, I took the liberty of writing this review.
It also seems like the whole trading procedure is completely automated for you. You have complete control over your funds, but in this review, we will be looking into the company and whether it is legit or not.
In this review, I’ll go over the firm’s background and the services Copy Pro Traders offers. We will also be looking at the commissions and earnings that may be earned via the opportunity the company offers to its members.
It seems to be a good deal, but is it really? Let’s dig a little deeper to understand what the opportunity is all about.
Before you decide to look into joining this company, you should read this Copy Pro Traders review first. You should check if it is worth your time before you make such a huge decision.
DISCLAIMER: This is a fully independent review. I’m not affiliated with Copy Pro Traders in any shape or form whatsoever.
While reading this Copy Pro Traders review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies, apps, and courses.
Copy Pro Traders Review: Quick Details
- Name: Copy Pro Traders
- Website: https://www.copyprotraders.com/
- Socials: Facebook Group
- Type: Multi-level marketing company
- Niche: Cryptocurrency
- Owner: Antione McBay
- Recommended?: MLMs are in no way profitable. Because of this major reason, I will never recommend one to anybody. Additionally, I have a better opportunity waiting for you right here.
What is Copy Pro Traders?
Copy Pro Traders is a crypto investing firm that links to your cryptocurrency wallet through software. It then performs all of your transactions on your behalf using the investment amount you choose, with the funds remaining entirely in your wallet.
Additionally, the company offers a referral program through which you may earn additional revenue.
Using the company’s software, which it refers to as a “Crypto Trade Execution Platform,” amateur and beginner traders may execute the same transactions as seasoned specialists.
The organization seems to operate in a niche that blends cryptocurrency investment with a built-in multi-level affiliate referral program.
Who Owns Copy Pro Traders?
The website makes no mention of the company’s owner or the platform’s management team. Antione McBay, according to my research, is the platform’s operator.
Antione McBay’s LinkedIn page doesn’t reveal much information about his work at Copy Pro Traders. He only refers to himself as the company’s servant and Chairman.
This guy has a history of pushing MLM firms, including Momentis. He presently resides in Vietnam, according to his social media profiles.
He has also ran crypto Ponzi scams such as E-Platform 365 and BitAnex, in addition to marketing various MLM enterprises.
Due to running out of people to recruit which is to be expected, his businesses have eventually folded.
If you ask me, Copy Pro Traders is quite likely to go bankrupt at some point too.
How Do MLMs Work?
Welcome to the section where we discuss why MLMs are bad, why I believe the FTC should prohibit all MLMs, and why you should never believe an MLM’s claims.
Let’s discuss the falsehoods that MLMs love to tell in order to generate sales and recruit new members.
For starters, I believe that all multilevel marketing businesses are same. The only distinctions are the names of their businesses and the things they offer.
To be honest, the majority of things sold by MLMs are easily accessible online at a lower price if you know where to search.
Lies, Lies, and More Lies
The majority of MLMs love to brag about how ‘original’ their items are, while in truth, the majority of them are just knockoffs of existing products. They even pay internet gurus to promote them to their respective audiences.
Apart from that, they enjoy overcharging for their subpar items, with the majority of them costing much more than the original variety.
That is to say, I see no problem with renaming things, since developing and manufacturing whole new product lines is not as simple as you may think.
What concerns me is how they convince individuals, particularly new members, that they will inevitably attract consumers since the items they would offer are unique.
It’s All About Manipulation
MLMs seem to be prepared to go to any length to generate sales, from fabricating success rates of high-income earners to making fraudulent promises about their goods.
Certain MLMs even have the arrogance to propagate false information regarding their products’ ability to treat terminal illnesses such as cancer. That is heinous and predatory behavior.
If you believe your conscience is strong enough to tolerate deceiving others, then feel free to join an MLM. If you have a sense of morality, then run away it.
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How Do You Make Money in Copy Pro Traders?
Copy Pro Traders does not sell retail products or services. Each month, the company invests via affiliates.
According to the website, you must spend $99 each month to create considerable passive income with the organization.
It seems as if the funds you put are used to trade cryptocurrency on your behalf. However, the website has no more information on trading.
All they do is rely on consumers’ trust in the company’s ability to generate revenue at the end of the month.
Take notice that the business compensates affiliates when the firm earns at least $600 in income from their investments. This signifies that the firm will take an extended period of time, maybe months, to earn the proceeds.
Copy Pro Traders Compensation Plan
Direct Affiliate Commissions
Copy Pro Traders will pay you $21 for each individually referred/recruited member you bring to the opportunity. Using the affiliate link supplied to you, you can start making money once you sign up and activate your membership.
This commission is paid on a monthly basis.
Indirect Commissions
You may earn referral commissions on levels 2 through 7 after recruiting/referring 2 active Copy Pro Traders subscriptions. Levels 2–7 will pay you $7 for each active monthly membership in your downline team.
Trading Profits
You will be able to trade and retain any earnings made by the Copy Pro Traders program after you have connected your exchange wallet API to the system.
USDT is the cryptocurrency used for trading in the platform.
The sole need to continue earning trading gains from the program is to maintain a current monthly subscription in order for the software to remain active on your account. This is essentially a commission-based business.
Infinity Bonus
If you meet the requirements for the top affiliate infinity bonus, the firm will pay you an extra $10 commission on top of any direct or indirect commissions you get from any qualifying top affiliate in your downline.
To qualify as a “Top Affiliate” and get the $10 incentive, you and your team must complete the following:
- You must directly recruit/refer 5 members and keep them in good standing.
- You must also develop and manage at least a 15-person downline team. Direct and indirect members might be included.
This is a monthly commission, and the infinity bonus extends to infinity from your 7 tiers of indirect affiliate commissions.
Promotional Video
I actually found a video which is uploaded by Antione himself. It discusses how the company processes work as well as a more in-depth look at the compensation plan.
Is Copy Pro Traders a Scam?
When it comes to trading, your investment remains in your cryptocurrency wallet; all you have to do is link it to the CTP’s software and allow the program execute the trades for you.
It seems as if the firm is transparent, and the business strategy works well for them. For the executives officers, at least. I don’t think the members actually make much money.
Copy Pro Traders’ business strategy demonstrates that the organization exists only for the purpose of defrauding consumers and obtaining their money.
Antione McBay, the company’s proprietor, has a shady history of operating cryptocurrency frauds such as E-Platform 365.
CopyProTraders.com cannot be trusted, since it is comparable to every other cryptocurrency Ponzi scam.
The website makes it quite clear that you will be unable to withdraw cash from the platform until you reach a minimum balance of $600. This demonstrates that the business has no interest in supplying you with profits.
You must continue investing $99 in the firm on a monthly basis. Copy Pro Traders may go bankrupt before you can withdraw any cash from the site though.
Considering these reasons, it is obvious that you should avoid investing in this firm.
10 Shocking MLM Statistics that You Need to Know!
- Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
- Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
- According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
- In the remaining 26% that actually make money, 53% of them make less than $5000/year.
- 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
- 75% people that joined MLMs say that they will never again join any kind of MLM.
- A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.
SOURCES:
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Alternatives to Copy Pro Traders
MLMs will always fail, no matter what they sell or how good or bad it is. It’s because of this that I don’t think you should join a group.
It would be a good idea to take on more responsibility if you think you can do so. Good side jobs should be things you enjoy, not things that require you to know a lot about things you don’t know about.
There are a lot of good options and choices for you to choose from if you know where to look for them. All you need to do now is pick a good field in which you think you’ll be successful.
The best side job, in my opinion, should be easy to start and be able to make money no matter what.
Final Verdict — Copy Pro Traders
Before I end this Copy Pro Traders review, I would like to share a few more insights that could help you.
MLMs are an exploitative and deceptive business model from the get-go. Individuals are often enticed by the potential of financial gain, but the reality is that 99 percent of those who attempt to join MLMs fail.
This implies that only a small percentage of MLM members receive more than the statutory minimum wage.
Only the top few executives at these corporations earn millions of dollars, while the rest of the organization suffers.
For the great majority of people, these firms are a waste of time, energy, and money. They strive to exploit your most valued relationships by inundating them with predatory recruitment communications.
Rather of joining a multi-level marketing company, I have a terrific opportunity for you that is not a scam and will actually benefit you. It has already proven effective for tens of thousands of people, and it may possibly be effective for you as well.
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