INTRODUCTION.
The Independent Business Partner of Antares ( IBPA) chooses one or more investment partnership programs on the Antares platform. All funds generated here are remitted directly to the partner companies generating the profit. Antares is a kind of intermediary between the IBP and these companies.
The Financial Services and Markets Authority (FMSA) has always repeatedly warned the public against the irregular activities of Antares, which are conducted on the address: www.Antares.trade. The company offers investment services in several places such as Belgium, but without respecting the Belgian financial legislation. It should be known that Antares is not a legalized firm in Belgium, and as such, it is not allowed to provide investment services in Belgium.
However, despite this restriction, it does not stop the company from selling the so-called 'investment packages' particularly on the internet, in the process of which it offers both bogus and unrealistic returns for all investments. In addition, the system the company offers obviously resemble that of a pyramid scheme or, at the very least, a Ponzi fraud. To find out more, visit the website of the FSMA. This authority strictly advises the general public against responding to any offer of financial services made by Antares or its representatives, in addition, it forbids the transfer of funds to any bank account number this company might provide to the public for business of any kind.
It, FSMA, further warns that, if you invest any fund through unauthorized firms, it is usually very difficult to recover such monies. If you would want to find out more about whether a transaction being proposed complies with the financial legislation, you may use the search engine on the FSMA website, or in the alternative, contact FSMA directly through the consumer contact form.
IS ANTARES A SCAM/PONZI SCHEME?
Yes! It is quite right to believe that Antares is a Ponzi scheme, as well as a scam too Antares Trade operates in the cryptocurrency MLM niche, and it is purpoted to be both founded, owned and run by one 'Alex Richter.' Now, Richter can be a good candidate for a Boris CEO, which implies that he is played by an actor. This is basically because Richter never had any digital footprint until the launch of Antares Trade just a few months away. He often appears in several Antares Trade marketing videos, which going by the example above, give off a definitely rented office mien.
A somewhat tell-tale sign of this is the same props that are used in the videos featuring Richter, regardless of the fact that they were indeed shot only a few weeks back. Supposedly, Antares Trade is based out of Mexico, but the company gives a curious corporate address in Hong Kong on its website, and a search on Antares Trade's Hong Kong address, also more curiously reveals that the company indeed belongs to an hotel. This is of course all very intriguing, but unfortunately as part for the course of MLM cryptocurrency companies. Antares Trade's website domain's present address was done on December 10, 2018 and was updated on March 27, 2020. A visit to the Wayback Machine confirms that, as of December 22, 2018, the Antares Trade domain was even up for sale.
This may well suggests that the present owners of the company actually purchased the domain on or around March, 2020, and subsequently repurposed it to launch Antares Trade from. This finding corroborates with the first video which was uploaded to Antares Trade's official YouTube channel on March 6, 2020. As expected, if the company fails to be upfront about who is actually running or floating it, that is bound to make it really difficult for anybody to either join it or hand over any money to a company about which there are many unanswered questions. A company that is more anonymous than real.
ANTARES TRADE'S PRODUCTS.
Their advert, as expected, began gloriously. It reads thus: 'Antares is the best advanced high margin tools in one solution, with up to about 2 percent per investment. It is one of the best companies to join. Simply register and start earning now.' The company has no known retailable products or services, with its affiliates only able to market or sell Antares Trade affiliate membership itself. The company is a platform that promotes investment and MLM companies, digital products and also start ups on the market, using the referral model.
It provides users around the world with financial independence and the much needed financial education. Antares Trade has two underlying principles; (a). To develop a progressive community based on the ethics of referral systems that each partner of the company can utilize in order to make an unlimited source of earning, and (b). To create a model for developing, scaling and promoting startups, MLM and investment companies to the market with the use of a network distribution model.
ANTARES TRADE'S COMPENSATION PLANS.
The companies affiliates invest in Antares Dollars (AND) tokens, on the promise of a daily return of up to about 2 percent capped at a mammoth 200 percent. The AND is precisely traded at 1 USD.
REFERRAL COMMISIONS.
Antares Trade pays residence commissions through a binary compensation medium or structure. A binary compensation structure puts an affiliate at the very top of a binary team, split into 2 sides; left and right. The first level of the binary team houses two positions, while the second level of the binary team is generous by splitting these first two positions into yet another two positions each, which gives four positions in total. The subsequent levels of the binary team are generated as needed, with each new level housing trice as many positions as the previous level.
Positions in the binary team are filled through both direct and indirect recruitment of affiliates. Note however that, there is no limit to how deep a binary team can actually grow. Residual commissions are paid as percentage of the funds invested on the weaker binary team side, and as for referral commissions, residual commission rates are in turn determined by the highest possible package and Antares Trade affiliate has invested in:
* Invest 100 dollars and receive 3 percent on level 1 for personally recruited affiliates only.
* Invest 250 dollars and earn 3.5 percent on level 1 also.
* Invest 500 dollars and stand to gain 4 percent on level 1 as well.
* Invest 1000 dollars and receive 4.5 percent on level 1 and 0.5 percent on level 2.
* Invest 2500 dollars and earn 5 percent on level 1 and 1 percent also on level 2.
* Invest 5000 dollars and receive 5.5 percent on level 1 and 1.5 percent on level 2.
* Invest 10 000 dollars and earn 6 percent on level 1, 1.5 on level 2 and 1percent on level 3.
* Invest 20 000 dollars and receive 6.5 percent on level 1, 2 percent on level 2 and 1.5 percent on level 3.
* Invest 35 000 dollars and get 7.5 dollars on level 1, 3 percent on level 2 and 2 percent on level 3.
* Invest 50 000 dollars on level 1, 3 percent on level 2 and 2 percent on level 3.
* Invest 75 000 dollars and get 8 percent on level 1, 3.5 percent on level 2 and 2.5 percent on level 3.
* Invest 100000 dollars receive 8.5 percent on level 1, 4 percent on level 2 and 3 percent on level 3.
FREQUENTLY ASKED QUESTIONS (FAQ).
IS ANTARES A PYRAMID SCHEME?
It is inarguably clear that Antares is a Ponzi schedule which is taking money from people and might pay some profit, but only for a certain period of time. Antares is a complex MLM scheme that seemingly has lots of different services, but without anything really useful or valuable to show for it So, yes, since Antares Trade does not have any retailable products, it is obviously a Pyramid scheme.
HOW DOES ANTARES TRADE WORK?
In this company, the investor gets profit in consonance with the marketing of the investment partnership program, partner companies receive funds to promote their businesses and make profit, and Antares, which acts as an intetmediary, gets a revenue share of the dealings between the investors and partner companies.
IS ANTARES TRADE REGULATED?
On the issue of regulation, Antares trade is not known to be registered to provide securities in any jurisdiction. The company has no retailable products, and as a result, operates as a pyramid scheme.
CONCLUSION.
It is quite right to believe that Antares is a Ponzi scheme, as well as a scam too. What is a scam? If I may ask. Anything that does not possess the characteristics or attributes which are associated with fairness, sincerity, and assurance, through which you can easily be conned or defrauded is obviously a scam. Starting from their history, physical address, and down to who is actually behind the company, Antares has all the features of a phoney setup. After all, no one knows, with certainty, who is behind the company. In essence, there is the need to be extra cautious when dealing with the company. Lest you get scammed due to sheer negligence.