Welcome to My USI Tech Review!
Perhaps you’re wondering why, even after shutting down USI Tech, we have still created a post about this cryptocurrency program.
For one, it’s one of the most talked-about opportunities that involve Bitcoin and two, we hope that this review will help you determine similar programs that are either low-quality or a downright scam.
USI Tech Review Summary
Name: USI Tech
Founders: Joao Severino and Ralf Gold
Product Type: Multi-Level Marketing
Price: At Least $650 For The Investment Program
Quick Summary: USI Tech is a popular multi-level marketing company that promotes cryptocurrency and it made a buzz, not for the good reason. In 2018, the brand has been shut down because of many red flags, including issues with security.
Read this review to learn about the drawbacks and to avoid similar low-quality websites and scams.
Overall Rating: 1/10
We also want to enlighten everyone about what it’s about so that in case USI Tech decided to come back, perhaps under a new name, you’ll know whether you should avoid it or not.
We’ve also provided our top-recommended program that will help you make money without risking a massive amount of cash.
What Is USI Tech About?
USI Tech or United Software Intelligence Technology is a company that claims to provide an automated system for trading and Bitcoin mining. It also claims to help users earn 150% every month.
That’s huge and exciting, considering that there will be traders and brokers who will do the legwork for you.
Sadly, this is not the case and because of the shutdown that happened in 2018, it’s obvious that things didn't work out the way they promised.
Also, when it comes to the founders and the company itself, the shares have little to no details about it -- that’s one red flag to consider.
Most companies, especially those who are reputable and established, are transparent when it comes to the owners, executive members, and even how the brand started. After all, this helps in gaining the trust of their clients since they show that the people behind the business are real.
As with USI Tech, this is not the case.
You can only learn more about the company when you register “for free.”
The only thing we know about it is that it was founded by two controversial people -- Joao Severino and Ralf Gold.
Rald, on the other hand, has been related to not only one but more than five Ponzi schemes, such as APR Clicks, HourlyRevShare, MX Fast Money, World Consumer Alliance, and Upper Game.
Knowing these things, would you really entrust your money and personal details you use for registration? We hope not. Even if USI Tech is a new brand and there’s a chance that they’ll be using a legit scheme for this, it would not be easy to trust a company whose founders have been involved with several scandals.
USI Tech Product Line
Unlike usual multi-level marketing (MLM) companies, there are no tangible products or services offered other than the “investment program.”
This program is the affiliate membership they can avail to have access within the trading platform, which, according to them, can let the member earn up to 150% profit.
USI Tech also offered Forex Trading before but have removed it after some time.
How To Make Money With USI Tech?
Being an MLM platform, there are two ways to make money and as always, it involves recruitment. However, since this does not follow the legal way to make money through recruitment, you will directly earn just by finding people who will sign up and pay for the investment program.
In case you have no idea how a legit network marketing works, here’s a quick explanation: with MLM, there are two ways to earn an income. The first one is by selling tangible products and/or services that offer real value.
The second one is by inviting people to join the program but instead of earning directly for a signup, you’ll have to earn money from the sales that they make.
To learn more about how USI Tech works, you can watch the video below:
Obviously, USI Tech does not work the same way.
Going back to making money, the other option you have to earn an income from USI Tech is through the investment itself. You’ll earn a fixed percentage or an ROI (returns of investment) based on the amount you’ve invested.
Is USI Tech A Scam?
With a lot of news about it coming from legit sources, we can’t deny that USI Tech is a scam. It has even vanished in 2018 so that’s another thing to worry about. Also, a lot of victims have already shared their personal experience with the company, some have even invited their relatives to join the platform, and in the end, they all lost their money.
Other red flags include not having any proof of trading done by their brokers, no financial or government regulation to follow, and their brokers are not registered.
Of course, let’s not forget about the controversies that the founders have been involved with and to top it off, none of their promises or claims were true.
It’s just sad that even until now, there are a lot of similar programs that work like this and the worst part is that there are tons of people still falling for this kind of scam.
While we can’t stop these kinds of platforms from growing, as an investor or aspiring entrepreneur, we can avoid becoming a victim by knowing whether a company is a scam or not.
How To Know If A Website Is A Scam?
According to FTC (Federal Trade Commission) guideline, one of the characteristics of a pyramid scheme is the promise of earning large profits just by recruitment. As mentioned above, a real MLM or a legit business will allow you to earn through selling and the sales that your downline makes. Otherwise, it would have been from real investment.
Pyramid schemes are disguising as a legit business though and that is by selling products, too. However, they either don’t have retail sales or they force their members to purchase more products than they can sell.
In pyramid schemes, the only way to make money is by paying an investment, recruiting people for investment, and hope that these people will invite others, too so the short-term investment can push through.
Unlike legit investment programs, there’s no real money here and once the recruitment stops, there’s no other way to earn an income, let alone get your investment back.
To become an affiliate and purchase their investment program, you have to spend at least 600EUR or roughly $650.
That’s expensive and considering that there are no tangible products and valuable service, the risk is too high.
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Who Is It For?
No one. The company vanished two years ago and even if they started operating again under a new name, it’s wise to avoid it at all costs.
No matter how big the profitability it says -- 150% or even 200% -- you should know that there’s no such thing as easy money. You cannot just rely on a trading robot to earn a huge amount. While there’s the truth about an investment or having someone manage your fund and grow it, you should only entrust your hard-earned cash from companies that are reliable, registered, and with a good reputation.
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Now that the trading robot is gone, it’s obvious that it’s not a good program. It’s a scam and a lot of victims are still having a hard time getting their life back.
Six hundred dollars is a huge amount and it’s not easy to make it, let alone a hundred dollars. So before making an “investment”, you should understand how a program truly works first. There’s no such thing as quick money so if the platform promises to give you a huge amount in just a short time, there’s a huge chance that it’s nothing but a scam.
Moreover, if it involves recruitment and recruitment alone, remember the guideline from FTC and this unbiased USI Tech review.
It’s unfortunate to know that such a platform has existed and it won’t be a surprise if there are still similar offers until now. The good news, however, is that there are legit companies you can still rely on when you need cash -- like our top-recommended program!
While it won’t guarantee overnight cash like how USI Tech did, it’s legal, thus there’s a real way to earn profits. Moreover, there’s no need to recruit!
Sign up now and take advantage of the following benefits:
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We hope that our USI Tech review has enlightened you not only about how the program works but how scams operate so you can avoid becoming a victim. Feel free to browse scams and legitimate programs in our blogs to learn more.
Thank you for reading!