Welcome to my Comex Trades review. You are here because you likely heard about this amazing money-making opportunity and are doing your research now to find out whether Comex Trades is a scam or legitimate.
I have conducted research into the Comex Trades system to uncover how it all works. In this review, I will be sharing everything that I have uncovered with you, and assessing the platform to determine whether it’s something worth investing it or whether you should avoid it altogether.
Comex Trades Review Summary
Comex Trades is a High Yield Investment Program (HYIP) which is a ponzi scheme that promises unsustainably high returns to investors by paying previous investors with the money paid by newer members.
Comex Trades is a scam because it presents itself as an investment program when all it is is a pyramid scheme. Most of the investors will lose money as it is impossible to make up the returns that are promised in any legal way.
This kind of system typically takes money from as many people as possible over a short period, and then inevitable collapses as there are no more funds incoming from new members to pay the investors.
Even at a glance, you can see that it’s a classic ponzi. You are more likely to lose money than make any, and should definitely avoid this platform.
What Is Comex Trades
The company has started appearing online in March 2020, with the official YouTube account created on 28 March 2020.
Comex Trades is an investment company that purportedly trades in the stock market, forex market, and in also has some involvement in cryptocurrency.
The program is a HYIP (High Yield Investment Program) which are schemes that promise members a much higher than normal rate of return of investment.
According to the website, they have been operating since 22 April 2019, and have just over 64,000 members registered on the platform.
How Comex Trades Work
Joining Comex Trades is a fairly simple process. You simple join up by filling in the registration form on the main website to create an account. This requires your email address and basic personal details.
You will then have to make a deposit into your account as an initial investment. The investments amount vary from a minimum of $10 to basically as much as you are willing to spend.
The platform uses various depositing methods such as Payeer and Perfect Money if you pay in Fiat, and then there is also cryptocurrency which you will pay into the company wallet. So you should be reasonably well versed in payment systems if you plan to invest.
Comex trades promises its investors rated from 1.5% per day up to as high as 3.5& a day, or 650% return in 30 days.
The way members make money on the platform is by being affiliates and recruiting members onboard under the terms of the compensation plan.
Comex Trades Compensation Plan
There are two was you are supposed to make money on Comex Trades. The first is by making an investment between
2.1% return daily for 20 days – Minimum deposit of $10
2.5% return daily for 35 days – Minimum deposit of $50,000
3.5% return daily for 55 days – Minimum deposit of $100,000
650% return after 35 days including principal – Minimum deposit of $4,000
1500% return after 55 days including principal – Minimum deposit of $2,000
3000% return after 70 days including principal – Minimum deposit of $1,000
6500% return after 100 days including principal – Minimum deposit of $500
[VIP] 560% return after 20 days including principal – Minimum deposit of $16,000
[VIP] 1600% return after 35 days including principal – Minimum deposit of $8,000
The other way you are meant to make money is through the referral program. As an affiliate, you must recruit other members onto the platform, and then earn a commission on what they invest. The affiliate program is 3 levels deep as indicated below.
Level 1 referrals earn you a commission of 5%
Level 2 referrals earn you a commission of 2%
Level 3 referrals earn you a commission of 1%
Highly unrealistic returns – The rates of return offered by Comex Trades are virtually impossible. If you know anything about investing, you know that, anything above 15 percent a year should be approached with caution and promises of above 25% are suspicious. On the other hand, Comex is offering up to 6500% return in just a 100 days. This is a huge red flag and there is no sensible way this can be true. Where is all this interest coming from? As the saying goes, if it looks too good to be true, it’s usually because it is.
Poorly made marketing video – you can’t be a reputable company capable of making people millionaires and have such a poorly produced videos. This is even stated in one of the YouTube comments. Comex admits that they did not use professional equipment and did not want to waste employees’ time. This simply doesn’t add up and doesn’t inspire confidence in a company where you are expected to invest large sums of money. How can a company that has allegedly handled over half a billion dollars in deposits not make a decent video that costs a few hundreds or less?
No track record – The company is making big promises with no evidence to back up those claims. As far as we can tell, they have only been around for a few months. This is common with scams and fraudulent platforms. They pop up, take peoples money and before long, they disappear. Being new is not an automatic sign of a scam, but it means you should definitely exercise caution before investing your heard-earned money.
Untrue statements about company history – The website says that Comex Trades has been operating since April 2019. That is impossible because the company was only registered in December 2019, and the company only started appearing online in March. The number of members registered is also hard to believe because of the age of the company and the fact that it doesn’t have much of a track record to be found.
Relatively low buy in – the business model at Comex Trades is dubious, but some people insist on joining up to programs like this. The upside, compared to other platforms, is that the buy in price is relatively low. The lowest amount that you can invest is $10 so if that’s how much you invest, you don’t stand to lose that much.
Not much else – There isn’t anything really positive that I can find about Comex Trades. It is a typical ponzi scheme that sells dreams to gullible people. They con is also pretty obvious if you know what to look for. The only thing it would be good for is if you really wanted to lose your money, and I haven’t yet met anyone actively looking to lose their funds.
Classic ponzi scheme – The system at Comex Trades is simply designed to take money from people with false promises. As a new member, you are just the financier for returns that are earned by other people. It is one of the oldest tricks in the book and people will still manage to fall for it.
Low affiliate commission rates – compared to other similar programs, the affiliate commission is very low. Whereas other can offer you up to 50% commissions, the highest you can get on Comex is 5%, working you way down to 1%. If pyramid schemes are your thing, there are better ones than this.
Is Comex Trades a Scam?
Yes, Comex Trades is a scam, and a very obvious one at that. The promised rates of return on investment are some of the most unrealistically high I have ever seen. There is no product or service of value offered to members.
The system runs on the investments of members and uses members fees to pay other members. This means that when there are no new members joining, the system will collapse and everybody who joined late will lose their money.
You don’t even have to be an expert to see that the returns on offer here are very suspicious.
The majority of investors will lose money so unless you want to run that risk, you should definitely avoid Comex Trades. There are better and more sustainable ways out there to make money.
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