An honest review: What is Gold Tinkel? Is it a scam? Genesis Business Group is a Multi-Level marketing business and the Website Domain is goldtinkle.com. With so many online scams nowadays it is always best to use your due diligence. There are no hard facts to support the money-making claims of Gold Tinkel so keep reading if you don’t want to be hit by any more scams. Genesis Business group are based in Kuala Lumpur Malaysia. The
Genesis Business Group has no retail products or services and affiliates are only able to market Genesis Business Group affiliate membership itself. Gold Tinkel claims you can earn money by doing some simple tasks. Genesis Business Group pays referral commissions via a uni-level compensation structure. Genesis Business Group keeps 20% of the 15% monthly return. The remaining 10% is used to fund the company’s compensation plan. The Class themselves also as Financial Consultants-Educational Consultants.
- Recommended: NO Our score out of five stars
- Owner: David Cheng
- Website: goldtinkel.com
- Who is it for?: For the owners themselves.
Aimed at those who want to Earn Money Online, Work From Home, Those who are interested in MLM, Affiliate Marketing and Trading.
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Getting back to Gold Tinkel Review:
One of the goals behind this Gold Tinkel is to get access to the details of the people and pass it on to the third parties who might even include other scammers and hackers with them. Your personal details can be misused and can cause harm to your personal life. Be careful who you share your data with and if at all possible use an email you use just for this kind of signups and a Mobile/cell, not one that is your personal number.
The more I look into this Copy Tinkle Copy Trade lol on their FB Page it is showing hardly any likes and they reckon they are paying out megabucks and their Gold Tinkel Family seems to be one person only and he is the only one that is consistently liking. David Cheng may seem or to be a real person there is lack of information about him outside of Genesis Business group.
Genesis Business Group Compensation Plan.
Genesis Business Group pays referral commissions via a unilevel compensation structure.
A uni-level compensation structure places an affiliate at the top of a uni-level team, with every personally recruited affiliate placed directly under them (level 1)
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s uni-level team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth.
Referral commissions are paid as a Percentage.
level 1 (personally recruited affiliates) – 4%
level 2 – 3%
levels 3 to 5 – 1%
What does Gold Tinkel’s training offer?
Trader Professional Training (Or so they reckon.)
In this course, they will provide step-by-step professional financial training to their students.
In the first phase, they will teach the students how to deal with the characteristics of trade patterns, trading rules and profit algorithms.
In the second phase, they will teach the students how to analyze the trading graph, how to see the transaction rules, and then receive the market entry signal. In the third phase, they will teach the students how to operate MT4/MT5, which includes open trade, closed position, take profit and stop-loss settings etc.
Is Gold Tinkel A Scam?
Yes in all honesty it is. I have found a few RED FLAGS that you should be aware of.
- Genesis Business Group provides details of NFA registration.
Yet this is totally meaningless. It clearly states even though they have an NFA ID. The NFA page clearly shows they are non-members. They are not NFA Members you can read more about that on the NFA MAIN WEBSITE
2. Although this says it is free to join you still need to invest money.
3. Hardly any real Transparency on their Website.
4. Website is registered in Panama to a PO Box Number.
With no verifiable source of revenue entering Genesis Business Group other than investment, there’s a high probability it operates as a Ponzi scheme. As with all such schemes once affiliate recruitment dies down so too will new investment. This will starve Genesis Business Group of ROI revenue, eventually prompting a collapse. Do the math, behind any Ponzi schemes, shows that when they collapse, the majority of participants lose money. With no verifiable source of revenue entering Genesis Business Group other than investment, there’s a high probability it operates as a Ponzi scheme.
Aside from a few random trading charts that the company has throughout their online presentations, there is no real proof that trading is taking place. Even more worrisome is the fact that the company does not provide evidence that it is using external revenue to pay its affiliates. What is likely happening is that the company is using new affiliate investment to pay existing affiliate ROIs.In all essence, this isn’t a scam as such. I would avoid it as from what I can or cannot find it all just seems very cagey to me. I could sign up as an Affiliate and promote this myself but I do not believe in scamming anyone so on that note I do not recommend it at all.
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