Globe Traders – Scam or Not

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Global Wealth Trade Scam? Yes It Is In My Opinion!

Purchasing an online store that sells goods and services has been tried before in the MLM world. An example of this was BurnLounge which sold opportunities to operate on-line digital music stores. BurnLounge ended up being shutdown by the FTC. Global Wealth Trade (GWT) gives you the opportunity to sell fashion products through an online mall. My subscribers have requested that I take a look at the Global Wealth Trade business opportunity. Here is what I have found.

Global Wealth Trade Scam Claims

GWT’s exclusive FREE FLOWING and VARIABLE, 10/10 INFINITY compensation plan is top rated by industry’s premium MLM portal businessforhome.org. It’s unprecedented up to 75% payout coupled with its FREE FLOWING and VARIABLE structure pays out much more and much faster than any other MLM compensation plans. This simply means, NO flushing, NO “rank” restrictions and NO “pay leg” payout. You will get paid on every sale in your entire organization to INFINITY.

How does earning up to $10,000 a week sound? With GWT it is possible and many have done it.

Here is how the GWT opportunity is presented:

Global Wealth Trade Scam Reality

The founder of Global Wealth Trade is Ramin Mesgarlou aka. The Forensic Networker. Ramin Mesgarlou founded Global Wealth Trade Corporation (GWT Corp) and sold the first distributorship in April 2005 from his home office in Ontario, Canada.

“Ramin has been in the direct selling industry since 1990, as a full-time distributor for 12 of those years (10 of which earned him a six-figure income). He has been the top performer for four direct selling companies and built organizations with over 30,000 distributors in 15 countries. Ramin thinks big!

He was President of a direct selling company in 2003 and Vice President of a media company in 2000.” – Source networkingtimes.com

There is almost no information on Ramin Mesgarlou before 2005. This is very curious when he is claimed to be such a major player in the MLM world.

This is what I was able to find on Ramin Mesgarlou:

My family and I had a successful restaurant business. It was 1990, and I was twenty years old.

This guy was in the carpet cleaning business, but he had just begun working with a new business on the side. He started drawing circles, and I was fascinated. Nobody had ever approached me about network marketing, and I’d never heard of anything like it. “Wow,” I thought, “this is like a franchise. This is pretty cool.”

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I signed up the next day. – Source ourjoyvision.com

On May 29, 2000, Ramin Mesgarlou was hired by 3XS Enterprises to manage the company’s sales staff and sales program. An Ottawa-based franchise of the United Consumers’ Club, 3XS sold club memberships to consumers, entitling them to the privilege of purchasing a wide range of household products at discounted prices. The company’s profits were derived entirely from the revenue generated by the sale of memberships. Mesgarlou’s contract of employment provided for an annual salary of $42,000, plus bonuses.

Mesgarlou was successful at his job, and sales increased under his leadership. In August 2000, Mesgarlou approached the company’s owner and requested a more lucrative remunerative package. He indicated that, if he was not offered more money, he might seek employment elsewhere. Reluctant to lose Mesgarlou, the company agreed to significant increases in Mesgarlou’s salary and bonuses.

By the spring of 2001, however, the company had decided that Mesgarlou’s remunerative package was too great a drain on the resources. The company was seeking to find a way to revisit the issue with Mesgarlou when the owner and Mesgarlou became embroiled in an argument over staff. After a heated exchange, Mesgarlou’s employment was terminated. – Source lancasterhouse.com

Ramin Mesgarlou is said to be a six figure earner in the MLM world, but by 2000 he takes a sales job for $42,000 and gets fired? In my opinion, this does not seem to match the claims of MLM success before 2005. Why would you be working a job when you are making so much money with MLM?

To signup for GWT at the base level of being a retailer you are going to need to pay them $169 upfront and $69 per year to sell their products. They provide no average retail figures for what people are making by selling their products. Why would you pay them money if they can’t provide you this basic information? You have 10 days to find out if it is worth your time. I don’t believe this is enough time.

To access 7 other streams of revenue you need to pay them much more. The packages can cost over $3500. Again, no average income information is provided for you to decide if this is a good opportunity to make money. Also, recruiting is required to take advantage of these 7 streams of revenue.

In my opinion, GWT above the retailer level turns into another recruiting scam where the vast majority of money comes from representatives recruiting other representatives. The retail sales are the sales included in the packages the representatives buy.

BurnLounge recruited consumers through the Internet, telephone calls, and in-person meetings. The sales pitch represented that participants in BurnLounge were likely to make substantial income. BurnLounge recruited participants by selling them so-called “product packages,” ranging from $29.95 to $429.95 per year. More expensive packages purportedly provided participants with an increased ability to earn rewards through the BurnLounge compensation program.

The BurnLounge compensation program primarily provided payments to participants for recruiting of new participants, not on the retail sale of products or services, which the FTC alleges would result in a substantial percentage of participants losing money.

I see a lot of similarities with BurnLounge and GWT when you get above the retail package level. The retail products included with the GWT packages seem to be a bonus for participation in the recruiting part of the compensation plan. This is a red flag for me.

Cost

Retailer $ 169.00
I.A dollars credited: 0

Siledium $ 699.00
I.A Dollars credited: 370

Top 9 Lies Used To Defend MLM Scams

Gold Rebate $1,399.00
I.A Dollars credited : 620

Gold $ 1,899.00
I.A Dollars credited: 1120

Diamond Rebate $2,599.00
I.A Dollars credited: 1100

Diamond $3,599.00
I.A Dollars credited: 2100

Retailer E-MALL’s will be automatically renewed at $69 plus applicable taxes.

Monthly product purchase using the monthly I.A contribution is optional:

$35 (plus tax) equates to 35 I.A. Dollars

$75 (plus tax) equates to 75 I.A. Dollars

Diamond members:
$150 (plus tax) equates to 150 I.A Dollars

Making such monthly contribution allows the full amount to accumulate in their I.A immediately and the member can use these points at any time to buy product. Retailer, Siledium and Gold members may choose to contribute $150 per month to their I.A. Monthly I.A contributions are charged on the member’s I.A day – which is seven (7) days BEFORE the anniversary day (the day the member’s application was entered into the system).

Products

luxury designer products:

POSH
FERI
FERI MOSH
FERI FLAWLESS

Compensation Plan

All Commissionable Volume (CV) generated from the Package Sales, Website Purchases, and Monthly Inventory Account (IA) Sales contribute to the total 5000 point cycle requirement. Every 5000 points of CV earns you up to $500, as long as either team has a minimum of 1667 (1/3) in points of CV.

Click Here for a written overview of the compensation plan.

The GWT compensation plan is elaborate and can be difficult to understand. They also pay commissions to an infinite levels deep.

Excessive levels in a downline is another sign participants are expected to sell primarily to their downline, rather than to the general public. This makes it an exploitative money transfer scheme. – Source The problem with 5 or more levels of compensation.

Income Disclosure

As with any business, your results may vary, and will be based on your individual capacity, business experience, expertise and level of desire. There are no guarantees, promises, representations and/or assurances concerning the level of success you may experience. Your level of success depends of the time you devote to the business, the ideas and techniques utilized, your finances, knowledge and various skills, since such skills and factors differ according to individuals.

Compensation for the majority of Canadian members conducting activities necessary to realize the plan’s benefits for over one year are forecasted to be between $2,500 and $15,000 per year. (This is clearly not an average of all members joining to make money.)

In my opinion, it does not look to me that it is likely that you will be making $10,000 a week. I was unable to find anything that verifies that a significant amount of people are making money with GWT.

Refund Policy

GWT offers a 100% money-back satisfaction guarantee within thirty (30) days from the date of purchase for all FERI Flawless products.

Membership cancellations will be accepted provided that Global Wealth Trade Corp are advised of the cancellation in writing via support ticket or email. If a Siledium E-MALL, Gold E-MALL or Diamond E-MALL is within the prescribed 10 day cooling off period, they may be subject to a partial refund as stated below.

Retailer E-MALL’s are non-refundable and regardless of the chosen package, there will be an automatic deduction of $169.00 plus 5% credit card processing fee. If a member has placed a product order of any amount using their I.A Dollars within 10 days of becoming a member, then the 10 day cooling off period becomes void. (A request for a refund under such circumstances will be considered a voluntary termination and will be treated accordingly.)

If a member upgrades within their 10 days cooling-off period, then the 10 day cooling off period becomes void. (A request for a refund under such circumstances will be considered a voluntary termination and will be treated accordingly.) Any time an upgrade of membership takes place, they are non-refundable.

Global Wealth Trade Scam Conclusion

In my opinion, the Global Wealth Trade turns into a recruiting scam when you get above the retailer package level. They provide no information on what people are making on average for retail sales so you are going in blind. Is it worth the money even at the most basic level? I don’t think 10 days is enough time to find out. I see a lot of similarities with BurnLounge and GWT when you get above the retail package level. The retail products included with the GWT packages seem to be a bonus for participation in the recruiting part of the compensation plan. This is a red flag for me. I would not join the Global Wealth Trade recruiting scam.

What is Bitdax global trading? Is it another cryptocurrency scam?

Okay, let’s take a look. I /think/ the link you’re looking for is:

OK, it didn’t use particles.js, which I have come to expect out of my ‘cheap exit scam’ experience. It opened up some sort of live chat, visibly powered by something called ‘tawk.to’.

Let’s check About Us.

OK, so it looks like the general idea is that it’s trying to automate cryptocurrency trading. That’s nothing new, there’s a million bots on the market.

Standard promising of moon to people who sign up. They insist they have a superteam, but everyone does that. At the very least, they’ve skipped the usual insistenc.

I will try my best to be as brief as possible in my reply, however I will furnish you will all the details you need to judge for yourself.

I personally am a business trader with BiTDAX and I have been with the company since January, 2020. From what I have seen the company is very open and transparent in all it’s dealings.

As one of the founding members in Ghana, I am privileged to have insider information into some of the affairs of the company.

And I can vouch with my last breadth that this company is as legit as they legit gets.

They have real faces behind the brand, the Global President, And.

Is Global Wealth Trade A Scam? A Luxury MLM That’s Not Worth It!

If someone ever told you about a MLM company that sold luxury products, you probably think that they were crazy or something.

But there’s such a MLM company, and that company happens to be called Global Wealth Trade or now known as Opulence Global.

First of all, I must Congratulate you for taking your time to do your own research before buying into any “seemingly good” product.

That’s the way to avoid scams and find the legitimate way to make money online!

Let me be completely transparent with you, I’m not associated with Global Wealth Trade or Opulence Global in any form.

So, rest assured that I’m not here to pitch or sell anything to you.

Instead, I’m here to reveal what this company has in store for their distributors and their customers.

Can you really earn money by selling luxury products?

Or is Global Wealth Trade a scam?

Find out in this article.

Global Wealth Trade Review Summary

Product Name: Global Wealth Trade

Founder: Ramin Mesgarlou

Product Type: Luxury Fashion Products MLM

Price: $214 to $1394, depending on Membership Package

Best For: People who have a lot of capital to invest in MLM products and who’re able to sell luxury products.

Summary: Global Wealth Trade, or Opulence Global, is a MLM company that sells luxury fashion products ranging from handbags to jewelries to skin-care and beauty products. With their products having a hefty price tag, it’s no surprise that their membership fees are also expensive. This is why it’s a business opportunity that I cannot recommend because it requires you to invest a lot of money to get into the program and to get the products that you want. Your money is better off elsewhere.

Rating: 40/100

Recommended: No

What is Global Wealth Trade?

Global Wealth Trade or GWT is a luxury MLM or multi-level marketing company founded by Ramin Mesgarlou.

This MLM company is the epitome of luxury as they bring luxury products like jewelries, handbags, and sunglasses to the table.

The company launched in 2005 and continues to operate to date of writing.

But GWT wasn’t Mesgarlou’s first MLM company. Between 2000 and 2001, he worked for 3XS Enterprises on a $42,000 annual salary.

However, he was fired and took 3XS Enterprises to court on the grounds of wrongful dismissal.

Founder and CEO Ramin Mesgarlou

No other specifics were revealed other than the company lost to Mesgarlou.

But he claims to have worked in the MLM industry since 1990 and that his family has been manufacturing jewelry for 100 years.

I’d like to presume that it’s because of Mesgarlou’s family contacts that they were able to source their varied product range from.

What Is Opulence Global?

It was only in 2020 where they decide to change the company name just in time to add a new product line to their company.

Now, they are known as Opulence Global, but when you visit their website, you’ll notice that the domain name still contains the abbreviations for Global Wealth Trade, which is GWT.

Nothing much has changed in terms of their executive lineup, which you’ll see on their About Us page on their website.

Global Wealth Trade Product Line

Think of Global Wealth Trade as an MLM department store.

Their strength lies in their branding and it’s what drives their Luxury Consultants (their IBO’s or Independent Business Owners) to get a lot of sales.

For their luxury consultants, they are able to market GWT’s three signature luxury brands:

  1. POSH – This is their product line for jewelry and includes rings, earrings, necklaces, and bracelets.
  2. FERI – These are their higher-end jewelries and accessories that feature sterling silver pieces, leather handbags, belts, and wallets, and others.
  3. FERI MOSH – This is their highest-end product lines of jewelries are featured. These include 19k to 21k gold jewelry. This line also includes a bridal collection, more shoes, and more handbags.
  4. FERI FLAWLESS – This is their new product line introduced when they transitioned to Opulence Global. This line includes all of their skin-care and beauty products.

You can check out more of their product catalog by clicking this link right here.

Does The Product Work?

There is no way for me to gauge if their products work because these are what I’d call fashion products.

So, instead, I go look for reviews on how the quality of their products are.

And just like their founder’s MLM history, nothing can be found on how the quality of their products are.

This leads me to assume two things:

  1. People actually like the products that they bought from Global Wealth Trade, and the quality is somewhat acceptable.
  2. No one actually bought products from Global Wealth Trade for reasons unknown and that’s why no one’s said anything about their product.

I am more inclined to go with the first assumption since the company’s still around and that they’re able to get more sign-ups for their retailer account, which I’ll go over in the next section.

I’m Jerry!

I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!

How To Make Money With Global Wealth Trade?

Global Wealth Trade or Opulence Global provides the same business opportunity as any other MLM company.

Their customers (or Luxury Consultants) can earn money in two ways:

  1. Selling their products to the customers and earning retail commissions
  2. Recruiting people

And like most MLMs, it relies on two types of marketing:

  1. Word-of-mouth marketing
  2. Social media marketing

That’s probably how you may have heard of Global Wealth Trade in the first place.

A friend, family member, or a co-worker may have brought it up at a few social media posts.

How To Get Started With Global Wealth Trade?

Global Wealth Trade offers three different kinds of membership, and only two of them will grant you access into the MLM opportunity.

  1. Retailer Membership at $214 – Gives you a 20% discount to resell their products, so you roughly earn around a 20% commission.
  2. Lifestyle Promoter at $483 – Gives you 25% discount on products plus access to their MLM opportunity
  3. Lifestyle Advisor at $1394 – Gives you a 30% discount on products plus access to their MLM opportunity

This is taken from their website, so you’ll know exactly what each package entails.

The primary difference between the Retailer account and the two Lifestyle accounts is the higher income potential, with the latter giving you better discounts and more commissions.

There’s also no mention if a Retailer can upgrade to any of the two Lifestyle packages at a discounted rate (since you know, he or she already signed up).

Global Wealth Trade Compensation Plan

The company’s compensation plan provides you with 5 ways to earn income, and I’ll go over each one and explain them briefly.

What’s important here is you know what you’re getting into and what you’re getting out of it because you’re paying a lot of money to get into the program.

  1. Retail Commissions – Retailers and Luxury Consultants earn retail commissions on sales to retail customers. The commission rate is 30% difference between the retail and wholesale price of the ordered product.
  2. Recruitment Commissions – Luxury Consultants earn $35 when a person they recruit signs up for the Luxury Promoter Package, and $105 if they sign up for the Lifestyle Advisor package.
  3. Residual Commissions – This is paid out at an unspecified rate and follows a binary compensation structure.
  4. Global Revenue Sharing Pool – This is a sharing pool made up of an unspecified percentage of Opulence Global’s worldwide sales volume.
  5. Organizational Revenue Sharing – Presidential Lifestyle Directors and Royal Lifestyle Directors receive a bonus percentage on their binary team sales volume.

I am not going to delve into too much details for their compensation plan.

I would rather point you to their official presentation, which runs at about 13 minutes (compared to those 30 minute ones you see on YouTube).

Disclaimer: Video may contain a lot of sales pitches, so just wade through those and keep an open mind.

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