A lot of people are Promoting this Bitcoin Trading System known as USI-Tech. I decided to take a closer look to find out if it is for real, or just another Ponzi in disguise…
Who are USI-Tech?
It’s hard to say from the info on the website who they are, but their blurb reads:
“USI-TECH is a technology company which specializes in the development of automated trading software in the FOREX market.”
More text reveals that they have spent 7 years developing an automated trading software system which:
“In numerous intensive tests consistently outstanding results were achieved, in practice, with excellent profits.”
When I first visited the website of USI-Tech, within 1 minute I was convinced it is a Scam.
The web page is practically a single page, all the headers at the top just take you down the single page. There is not a lot of information on the website at all, and there is no indication as to who Owns or Runs USI-Tech.
From the Cheesy Presentation Video, to the basic and lacking information on the site, it didn’t take long
to figure out that this is just another Ponzi in disguise.
The URL for the site is USI-Tech.Info.
Really? they registered a .info web address for a supposedly legit Bitcoin trading system? That is red flag number 1 right there.
Okay, so even a .info website can be legit, but it is not a good start really. So, I looked into the who.is information and was given this:
Okay, so the domain is registered in Dubai to a “Mr Francesco R. Fusco”. I took the address and put it into Google Maps:
Not much can be taken from this, for a start the Google Map image is from 2014, and even if it was recent, this could well be their location, or just where the domain was registered.
What confused me a little, was that the address shown on their website is a PO box: “USI – TECH Limited P.O Box 122036 Dubai UAE”
Google Map this to the one above and…
So, Who actually runs the Company?
This is proving quite hard to figure out. I did a bit of research on Youtube, and came across a guy promoting USI-Tech called “OJ Jordan”.
He has videos with interviews with who he claims is a CEO and co-owner called “Ralf Gold”:
A little read of some Comments reveals:
Okay, so apparently “Joao Severino” is the Owner, and he has a tarnished past. Great.
Are there any Terms and Conditions on the website?
Well, yes there is, but to find them is one thing…
To understand them is, well…dependant on your German Skills.
Okay, so what do USI-Tech Offer?
I’ve got this far and not even explained what they offer. Do I really need to? is it not easy to see what is going on here?
NO TRADING is going on here. USI-Tech is recycling money from previous members and using this to pay the new members. Classic Ponzi style.
But anyway, by now you have probably guessed, there are no products offered by USI-Tech. Well, not real products anyway, affiliates make money by referring others to come and buy “Ad Packs” Starting at 50 Euros.
USI-Tech claims their software trading system runs on the MT4 Trading Software. From Wikipedia:
“MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients”
The Compensation Plan
Firstly, to join USI-Tech as an affiliate costs you a whopping €600 EUR.
USI-Tech offer a 3×12 matrix plan for commissions. To qualify, you must bring 3 members into the game.
The plan places affiliates at the top of the matrix, with 3 positions directly below. Subsequent levels in the matrix are generated in the same way with a complete 3×12 hosting 797,160 positions.
What does this resemble? Yup, a pyramid.
€150 out of the €600 EUR that each new member pays, is paid as Matrix commissions.
This is split into twelve smaller payments of €12.50 each and paid up to twelve matrix levels
There are also broker commissions which are paid using the same matrix as above. 25% of the brokerage fee is paid to the recruiting affiliate. The other 75% is split into twelve payments and paid out via the 3×12 matrix.
The Platform is linked to Royal Financial Trading, a third party broker based in Australia. This is mandatory and forms the brokerage fees.
USI-Tech comes in two halves. The so called Trading side, and the MLM pyramid. The Forex trading side has nothing to do with the MLM side.
Whether the Forex trading works or not remains to be seen, but it is clear to me that the MLM side of the business is an outright Pyramid Scheme.
As with all pyramid Schemes, once recruitment slows down – USI-Tech will fail. Even if you manage to profit from the trading, any affiliate which doesn’t make €600 EUR with the matrix recruitment will lose out.
Avoid at all costs.
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Thanks for reading, I would love to hear your thoughts on USI-Tech, please comment below!