Royal Dragon Traders (or RDT for short) is a “bitcoin doubler” high-yield investment program (HYIP) that supposedly provides a 2.2% daily return on investment across a 90 day period. This leads to 198% ROI for the entire 90 days
What Is Royal Dragon Traders?
Nobody knows who runs Royal Dragon Traders. The website claims that a team of talented former Forex traders developed a cutting-edge bitcoin trading algorithm, but these traders are not mentioned by name, nor is the owners or operators of the site listed anywhere even remotely accessible.
There is some language in the Terms and Conditions of the site that claim RDT is run by a company known as MaGABEL, based in Dubai. No one has been able to verify this.
Meanwhile, some other review sites have been able to track down a handful of names that RDT affiliates have claimed are running the company; the identities behind these names, which include Bjorn Hauge, Gary Granello, and Johnny Dalini, have not been verified.
Royal Dragon Traders Product
There's no product with RDT, just the ability to “invest” in the company's bitcoin doubler HYIP and the opportunity to recruit others to come in as affiliates under you.
There are four tiers of investment with RDT, with many of these tiers having different pricing options. Here's a quick breakdown.
- Beginner: 0.05 BTC investment, does not provide any ROI
- Starter: 0.1, 0.3 or 0.5 BTC investment, 2.2% daily ROI
- Leader: 0.6, 0.8 or 1 BTC investment, 2.2% daily ROI
- Expert: 2, 3 or 6 BTC investment, 2.2% daily ROI
In order to remain in the program, investors who reach 90 days are required to re-invest at the same level or to increase their investment amount.
Royal Dragon Traders Opportunity
RDT also has an affiliate program to drive membership. Members who personally recruit new members receive a 10% commission bonus on the funds these direct recruits invest.
Additionally, residual commissions are calculated on a binary compensation scheme; RDT tallies up investment volume across both “legs” of an affiliate's binary matrix and provides a percentage of matched funds from the binary team's lower-performing leg.
This percentage changes according to your investment level: Beginner investors receive 5%, Starters receive 8%, and Leader and Expert investors receive 10% and 15% commissions respectively.
Royal Dragon Traders Verdict
Royal Dragon Traders makes some serious promises to its investors – promises the company doesn't show any proof that they can keep. There's no evidence that the company actually possesses an incredibly accurate cutting-edge bitcoin trading algorithm that can guarantee a 2.2% daily ROI over a period of 90 days.
Of course what's really going on here is that RDT just robs Peter to pay Paul. Funds from new affiliates go towards paying initial investors.
Or they do at first to establish trust; then, when recruitment is at its peak and begins to fall, the company takes all the money it's collected, tells its investors waiting for their money to go take a hike, and disappears into the weeds, never to be seen again.
Don't invest with Royal Dragon Traders – you'll just get burned.