About BTC Global
BTC Global is a binary trading platform that promises to give you “unmatched returns” and easy profits. Find out how it works today in our review. What is BTC Global?
BTC Global describes itself as “a unique investment platform” where users can expect to enjoy “unmatched returns” through binary options trading.
The platform has a multilevel marketing-style structure: you need a referral from an existing affiliate to join the platform. BTC Global claims that it’s “exclusive” for this reason – although really, they allow anyone to join, and there aren’t a limited number of invite codes.
BTC Global launched online on September 25, 2017. The company was launched by a man named Steven Twain, who claims to have become rich through binary options trading.
Overall, BTC Global promises to pay you “guaranteed 14% weekly returns” in exchange for a $1,000 investment. If someone is paying you 14% returns every week, that means you can turn a $1,000 investment into – no joke – a whopping $910,000 within a year. That’s the power of compounding interest. It also tells us that BTC Global is 100% a scam.
Here’s what a guaranteed 14% weekly return means: if you give BTC Global $1,000 today, then they’ll turn you into a millionaire in just over a year. Right away, this should tell you that BTC Global is a scam. However, let’s take a closer look at how it works.
How Does BTC Global Work?
BTC Global promises guaranteed weekly interest rates of 14%, daily earnings, automatic reinvesting, and “complete transparency on investments.”
The world’s best hedge funds generate returns of about 20% per year. They’re backed by the world’s best traders and the most advanced trading software, and they invest in assets all over the world. So how does BTC Global claim to beat every other investment company in the world? How can they guarantee returns of 2% per day or 14% per week?
This is where BTC Global gets vague. The company doesn’t claim to offer any products or services. They don’t claim to invest in anything. Binary options are vaguely mentioned on the official website – although even the best binary options traders don’t earn 14% returns per week.
Based on everything we can see on the BTC Global website, they appear to be a Ponzi scheme or high yield investment program (HYIP). Advertising ROIs of 14% per year is unheard of – advertising ROIs of 14% per week is impossible for any legitimate business.
In addition to their Ponzi scheme investment program, BTC Global advertises a referral program. You can make money by referring other people to the platform. You earn 4% of each referred member’s investments.
Who’s Behind BTC Global?
BTC Global was created by Steven Twain, described as a “master trader” with 6 years of binary options trading experience. No other team members are listed. We don’t know where the company is based, or why they’re qualified to handle your investments.
There’s limited information about Steven Twain available online – so it’s hard to verify his claims of being a “master trader”. His Facebook profile lists his location as New York City, and claims he studied at Miami Dade College. His Facebook profile appears to exclusively focus on promoting BTC Global, and it may have been created exclusively for that purpose.
The company behind BTC Global refers to itself as BTC Financials.
BTC Global Conclusion
If someone promises to pay you 2% returns on investment every day, guaranteed, then you’re being scammed. There are no exceptions to this rule. BTC Global guarantees weekly returns of 14%, which means you would be able to turn $1,000 into $910,000 in just one year. That’s just not possible in any industry or investment product.
Making things look even worse for BTC Global is the fact that the company refuses to explain any of its investment returns. They don’t claim to invest in anything, for example, and the company offers no products or services.
Based on all of this information, BTC Global seems like a blatant scam built as a Ponzi scheme and pyramid scheme. Until the company lists more information online, we have no reason to believe it’s a legitimate opportunity.