Social Trade is a SCAM, Now Proved
If You don’t know anything about the Social Trade than Read whole Article to understand what is Social Trade, How it works, Latest News etc.
Social Trade is an India based Social Network Exchange organization from Noida which formed a couple of months back and publicized to the general population to earn online money effectively with not much endeavors.
The Firm approached its clients to sign up for free and pay them Rs.5,750 to Rs.57,500 on various plans which guaranteed to provide an ROI.
Social Trade Biz assured its members to get great Return Investment for their hard earned money and paid to a couple of individuals to resemble a genuine organization and requested that individuals Refer People and earn even more.
Referral is nothing but Member of Social Trade asks their known ones to Join Social Trade Biz by their referral link to get some commissions.
In this article, We have discussed all details and insights about Social Trade Biz:
What is Social Trade?
Socialtrade.biz is a Social Media Exchange Portal which pays individuals for completing some daily tasks like Facebook Page likes, Visiting sites, Clicking on Ads etc.
Social Trade was set up by Anubhav Mittal, a Software Engineer and an Entrepreneur who had registered the company as Ablaze Info Solutions, Private Limited, which is ISO 2008 certified organization.
Click here to check the Social Trade Biz official site.
This same organization claims numerous different business sites like intmaart.com, w3.com, etc. with the same concept of invest money and earn daily passive income directly on your Bank account.
How does Social Trade Biz function?
Step by Step Explanation of working Process of Website:
- Social Trade asks individuals to Sign up with our Name, Email ID, Mobile Number and PAN Card Details.
Once the account is made, they will request the user to select a Social Trade Plan to invest.
- After choosing a Plan, they request to Buy that plan by sending money to their Social Trade Bank account by DD, IMPS or NEFT to make some online earning in future.
- After sending Payment to their business account of Ablaze Info Solutions, they request us to upload the Payment Receipt or transaction number.
- When account setup is done, Members can enter into Dashboard by using their credentials and start performing Social Media Activities, such as Liking Facebook Pages, posts, clicking ads etc.
- Depending upon the Plan, individuals gets a number of tasks. The idea of Social Trade is straightforward, more social activities = more cash.
Read more about Social Trade Latest news and updates.
Social Trade Biz Latest News Updates:
Three people were arrested from SocialTrade Biz for scamming individuals in the name of making money by Social Signal Exchange. The various organizations of Social Trade Biz are under the radar to discover more about their business scams.
This is the Biggest Online Scam in India, Social Trade Biz scammed more than 7 Lakh people and investigations are going ahead with UP Police. They scammed Rs.3,500 Crores in a year, and UP Task Force discovered Rs.500 crores and seized their Bank accounts.
It is the outcome of the essential search, more stunning news about Social Trade business will be uncovered by further investigations.
Veerbhoomi Channel has warned People to make a distance from this Company, See this Video:
How to Get Your Money back?
If you are one of the 70 lakh scammed People than, we are sorry for you. Some of the action you can take to recover your Money:
- You can join their another venture Frenzzup & Sell some Products through Intmaart. (Not Recommended)
- Wait for Company to Refund your Money
- Join Together & File Huge Case against Social Trade Company. [Best Way]
The best action you can take is, simply lodge a police complaint against the fake Company including how they had scammed you and how much money involved.
Hopefully, everyone will get their money back just wait and trust on the system.
Lessons Learned from Social Trade Scam:
A major lesson to be gained from this Social Trade issue is, there is no simple or free money making method on the Internet.
If somebody requests you to participate in any companies like SocialTrade.Biz or comparable MLM organizations, teach them that they all are scams.
At first, the organization may pay you few bucks, but you can’t take your total investment from them. It’s not a big deal for them to pay Rs.5,000 for 3 months from your Rs.50,000 invested money.Still, they are in a profit of Rs. 35000 and most probably after 3 Months they closed down the shutter and ran away with you hard earned Money.
We Request you all to avoid such type of online scam which gives a shortcut to make a lot of money by doing nothing.
Additionally, don’t forget to instruct your friends about this online scam and share this article if you care.
Hi, This is Ajay Pandey. I am a Blogger, Tech Geek, Crypto-Investor, an Entrepreneur and an Intellectual Person. Technology is my passion and am trying to deliver my knowledge to this field. In Academics, I have Done Engineering and MBA (Marketing).