Royal Dragon Traders-Is It Legit Or A Scam?

Welcome to my Royal Dragon Traders Review. There has been some vibe about this company called Royal Dragon Traders,so I decided to find out what the company was all about and do some research on the company.

You are probably here because you have heard of Royal Dragon Traders and what to find out if it is a legit company or a scam.

Here is a detailed review on the company Royal Dragon Traders and I would walk you through the Royal Dragon Traders company,the compensation plan,the products and the verdict.

 

Royal Dragon Traders Review – The Company

 

The domain name registration does show that the domain was registered on April 20 of this year, but the private nature of the registration prevents me from getting any other info from it.

If you move over to the Terms and Conditions section of the website, you’ll see that it’s stated that Royal Dragon Traders is, “operated by MaGABEL” out of Dubai. I attempted to further look into this MaGABEL entity, but I wasn’t able to find anything on it at all.

Following some additional research, I found that various affiliates for Royal Dragon Traders claim that Bjorn Hauge and Gary Granello are the two co-founders for the company. Along with this, someone by the name of Johnny Dalini is currently serving as the CEO.

Not sure why this information isn’t on the main website, it would be nice to know when deciding to join a business opportunity.

Royal Dragon Traders Review – The Products

Royal Dragon Traders has no retail products or services for sale for some reason, but you can promote the affiliate membership.

Royal Dragon Traders Compensation Plan

Royal Dragon Traders Compensation plan has members invest in Bitcoin on a promise that you will get a 2.2% daily ROI for 90 days which makes it 198% in 90 days…

·         Beginners – Invest 0.05 BTC

·         Starters – Invest 0.1, 0.3 or 0.5 BTC

·         Leaders – Invest 0.6, 0.8 or 1 BTC

·         Experts – Invest 2, 3 or 6 BTC

Residual commissions within the company are handled using a binary structure, with points being added to either side of it whenever money is invested into the company.

The amount of money that an affiliate earns from the residual commissions is dependent on which investment level they choose, and those rates work out as follows:

Affiliates investing at the Beginner level earn a 5% commission

Affiliates investing at the Starter level earn an 8% commission

Affiliates investing at the Leader level earn a 10% commission

Affiliates investing at the Expert level earn a 15% commission

Along with this, a 10% referral commission is also offered whenever a personally recruited affiliate of your’s invests money into Royal Dragon Traders as well.

Lastly, Royal Dragon Traders affiliate can also earn through residual commissions.

Residual commissions within the company are handled using a binary structure, with points being added to either side of it whenever money is invested into the company.

In other words, the more you invest, the more you can make.

Cost To Join Royal Dragon Traders

The cost to join Royal Dragon Traders will range from an investment of 0.05 BTC to 6 BTC.

The more you invest, the higher percentage you get in the Royal Dragon Traders compensation plan.

Is Royal Dragon Traders Actually Legit Or A Scam?

Royal Dragon Traders is actually legit and not a scam.Like any other networking opportunities out there it would depend on your lead generation technique,your marketing techniques and ability to recruit new members to be successful.

Verdict On Royal Dragon Traders

According to Royal Dragon website, it operates using something called the, “1-4-8 System.”

As per Royal Dragon Traders, “The 1-4-8 System is an algorithmic, robot-driven trading system developed, tested and refined over eight years which went live in February 2015.

A team of three software engineers, who have 10 years experience from the forex industry, has invested more than 12,000 hours in the development of the system.

They have designed a trading platform which has ben used successfully by 10,400 traders around the world to date.”

Basically, Royal Dragon Traders is saying that it’s team has spent eight years researching and 2 years of testing in order to come up with this magical system that offers a consistent 2.2% daily ROI.

If they could truly get a consist 2.2% daily ROI through trading, why do they need any kind of investments?

You see the truth is (unless they can prove other wise), newly invested funds are paying off existing members.

That’s how the 2.2% daily ROI is consistent because real traders know there is no way that’s possible.

Trading there is a lot of up and down, it’s not guaranteed.

Now if for some magic reason they do provide proof of trading, then that’s great!  Maybe I will join!

But so far it’s nothing but a ponzi scheme and that’s the truth…

I hope you enjoyed my Royal Dragon Traders review and if you have any questions, please leave them in the comments below…