Welcome to Solid Trade Bank Review!
This investment platform have been around for a while and I wanted to take a closer look to see if it is legit or not.
They promise up to 2% weekly return on investment which is not very big comparing to other HYIPs, however it is still pretty good.
If you are looking to make some money aside, passive income, with SolidTradeBank.com you are in a right place.
Make sure your read this review till the END.
I am going to go through the company, products, compensation plan and basically whatever it is that you need to know before investing in Solid Trade Bank.
Let’s begin with the company.
Table of Contents
Solid Trade Bank Review (Company)
Landing on their website they don’t provide any information in regards to who runs or owns the company.
Next stop was to check their domain registration. Based on who.is data, ‘solidtradebank.com’ has been privately registered since September 2013 and have been updated on September 2018.
All the other registration information was private and retracted from the domain.
So far I wasn’t been able to establish who are the people behind this SolidTradeBank.com . This is indeed a big red flag, you should think very hard before investing your money with a company that you don’t know who runs it.
In addition to company ownership, I wasn’t able to find any type of certificate or company registration on their website. This simply means they don’t have any certificate from any financial regulator.
Furthermore they don’t have any physical or even virtual address provided on their website.
Wrapping up this section by checking the traffic to ‘solidtradebank.com’. As of writing this post, based on Alexa Rank, most of the traffic coming to their website is from Russia, following up by Hong Kong and USA.
Now let’s move on to their products.
Solid Trade Bank Products
Solid Trade Bank doesn’t have any product or services that you can sell to customers. You can sign-up and create a free account at solidtradebank.com and join one of their compensation plan. You can also become an affiliate and start promoting their affiliate membership.
What SolidTradeBank.com Does?
On their website this how they pitch themselves:
Solid Trade Bank today is continuously growing financial entity which comprises a series of non-financial subsidiaries that allow the head company to evolve day by day and keep a cutting edge position in the priority domains of our business. Here’s a small overview of the Solid Trade Bank key elements.
Solid Trade Bank (SIB) works in 5 different area based on the info on their website.
- Banking
- Oil and Gas Industry
- Heavy Industry
- Real estate
- Securities Market
In order to run in any of the above areas as a financial institution you need to have certificate from specific financial regulators.
SolidTradeBank.com Compensation Plan
Currently Solid Trade Bank offers 2 simple compensation plan as follow:
- 0.2 % for 35 Business Days – Estimated Annual income is 52% – min/max deposit: $25 – $10,000
- 2% weekly for 25 weeks – Estimated Annual income is 108% – min/max deposit: $25 – $10,000
Solid Trade Bank Affiliate Membership
Solidtradebank.com has a simple uni-level type affiliate program.
Uni-level affiliate program is presented in the diagram below:
Uni-Level referral program starts with you at top, then whoever you personally recruit are going to be your Level 1 recruit.
After that, whoever your Level 1 recruits is going to be your Level 2.
This basically goes down an infinite level as it’s illustrated in the above image.
Solidtradebank.com caps their level to 1.
- Level 1 (personally recruit): 0.5%
Solid Trade Bank Review – Withdrawal
(TLDR)
Some facts in regards to withdrawal/deposit, gathered from solidtradebank.com website.
- When will I get my first accruals and when will I be able to withdraw them? Solid Trade Bank works on business days only, the accruals will be credited on your account balance right on the next business day after you’ve made a deposit and you’ll be able to withdraw them right away
- Payment methods: Accept for investing and withdrawal the following payment methods: Perfect Money and Payeer and soon they will enable using BTC. Besides of the methods indicated above, you can also make a deposit using Bank Wire, WesternUnion, MoneyGram, Visa, and Mastercard. I would like to note that when I created an account he only available payment method on my account was PM.
- When will my deposit be added to my account balance? In most cases your account balance is updated instantly just as you credit the funds into our system.
- You can make any number of deposits
- There is no charges for withdrawals.
- You can request any amount for withdrawal provided you have enough funds at your account balance. All deposits/ withdrawals are strictly anonymous and free of any fees.
- Funds withdrawal process is made within 1-48 hours after getting a request. Remember though that Solid Trade Bank works on business days only.
- Is it necessary to have an active deposit in order to receive referral commission accruals? No, you just need to register an account, specify your e-wallet IDs and promote Solid Trade Bank using your personal referral link.
Similar companies I did a review on:
Cost To Join solidtradebank.com
It is free to join Solid Trade Bank. You can simply sign-up and create a free account. However if you want to join their passive income plans the minimum deposit needed is $25.
If you don’t like to fork money out of your pocket, you can sign-up and grab your affiliate links and start promoting them. Once you start earning commissions from your referrals you can put those commission into your account.
Now that I have went through all the details about solidtradebank.com it is time for my unbiased third party verdict.
Final Verdict
So can you trust Solidtradebank.com with your money or is solid trade bank scam?
My short answer would be no. And here are my reasons:
Most importantly, we don’t know who runs the platform and we don’t know where they operate from. This means, basically if the website goes down or stop working, you don’t have access to anyone or anywhere to recover your losses.
In addition to that, I wasn’t able to find any certificate or registration for Solid Trade Bank. Any company that works in a financial sector and deals with securities and advertises passive income, needs to be registered with financial regulators.
Furthermore, they don’t provide any stream of income or basically how they make those advertised returns. If a HYIP don’t show any proof of income that means most probably they don’t have any. And if that is the case, it means they are only able to operate and meet those advertised returns till they have new investors coming in daily. They need this to pay off the existing investment.
Does that sound familiar to you? yep, it is your typical pyramid scheme[1]. And you know the math behind the pyramid scheme, once the recruitment stops, there would be no money coming in to pay to the investors, so the company will collapses and lot of people will lose money. I know you might argue that Solid Trade Bank has been running since 2013, and yeah that is pretty long time for a HYIP but sooner or later it will collapse, you can’t forever run a show on a ponzi scheme.
I can’t recommend this.
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Disclaimer
This solidtradebank.com Review Article isn’t aimed at defaming solidtradebank.com nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from my perspective because I strongly believe every brand needs a good
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with me via the comments box below so as to further improve this solidtradebank.com review.
I get commissions for purchases made through links in this post.