Antares Trade: Alex Richter Legit or Scam?

Antares is advertised as a platform that introduces investment and MLM companies, digital products and startups to the market using a referral system model.

In this review, we will take a deep dive into Antares trade which is basically a company that offers investment partnership programs. By the end of it, you should be well-positioned to determine whether it is a worthy investment or just another program that won’t offer you any significant value.

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Antares Trade Review

Table of Contents

What is Antares trade?

Antares trade is a company advancing investment and MLM companies, computerized items, and new companies available utilizing the reference framework model.

A reference framework basically consists of an interlinked set of clearly defined concepts produced by an expert or body of experts in order to encourage clear communication.

Companies employing referral systems as the main promotion model do not face the challenges that classical corporations do such as salaries and wages, employee benefits, advertising, warehouse rental and accounts receivable expenses.

The Antares business is an investment platform focused on earning money for its users. It was created to enable communication between companies offering different products and services and consumers wishing to buy and use them thus making profits by meeting demand with supply

The company claims to impart contemporary business education and bring financial freedom to its clients.

Antares claims to work with two major principles; develop a progressive community and develop a model to scale and promote.

It is registered in Hong Kong and employs 100 leading traders in the most promising market segments.

Who is behind Antares Trade?

The founder of Antares Trade is Alex Richter and he is the owner of the antares.trade domain which was started on March 2, 2020.

However, further research on Alex Richter does not reveal anything as there is barely any digital footprint of him.

After digging deeper, we found out that Alex Richter is actually an actor who is being paid by anonymous owners to pretend to be the CEO of Antares trade. His actual name Alexander Zhirovkin.

Alex has been featured in multiple videos of Antares Trade and in all of them, the office that he is in seems to be a rented one as the same props have been used over and over.

A search on Antares Trade’s Hong Kong address reveals it belongs to a hotel.

The company’s website domain’s current registration was done on December 10th 2018. The registration was last updated on March 27th, 2020. Though it has been revealed that this same domain had been put up for sale in 22nd December 2018.

Clearly the company is not upfront about its origins and owners which shows that is highly likely to be a scam.

Antares Trade Products and Services

Antares trade promotes investment and MLM companies, digital products and startups. Its main service is the investment program that claim up to 102% monthly returns.

The company also has its Coin Capitalization App which helps to find prices of cryptocurrencies, their capitalization and trading volume.

Furthermore, it provides the Antares wallet to manage the crypto assets.

Antares trade is an MLM company too, which means that you can join it as an affiliate and earn profits from investing in partnerships and recruiting investors.

How Antares Trade works

Antares partners with multiple companies which deal in stock trading, cryptocurrency promotion, and information products trading.

Antares Dollar (AND) is the token in which Antares mainly deals and allows its investors to deal.

The first investment plan proposed by Antares is the Nexus Financial Management PTY which is one of the companies it is affiliated with .

There is a second investment plan which allows you to buy a car at a discount of up to 70% with the Synergy International Group.

The company employs the use of high frequency and quantitative trading tools, as well as advanced high margin tools and electronic digital technologies which allow you to earn high interest rates with low risk of loss.

They offer twelve different investment packages that range from $ 100 to $ 100,000.

Antares trade also has a Binary Profit Team financing plan that offers you a chance to make a benefit with a skimming rate of up to 2%, each day for a term of 200 schedule days.

The rate of return on weekdays is generally higher than on weekends and holidays. This is because not all areas of the trading market operate at these times. The payment of the day’s bonuses takes place at 14:00 local time.

The users have the opportunity to buy one investment package. An increase in the investment bundle is possible by upgrading to a higher investment package. For the upgrade, the system also takes into account the profitability received from the previous investment package.

A subsidiary known as Antares Capital Protection Ltd has been established to protect Antares clients, partners and investors when they choose highly profitable and therefore higher risk products. It is not involved in the trading process and thus not exposed to any risks.

The collected funds are protected by a bank, deposited in an account, reflected on the balance sheet as authorized capital of the subsidiary company and gives a small depository interest. This way, the capital amount is not lost due to inflation.

Antares trade also offers an affiliate program, where one joins and becomes an independent business partner of Antares (IBPA). This isn’t that much different from Beautycounter, Pampered Chef, and even Usborne Books.

As an IBPA, you get to invest in one or more partnerships and the partner companies receive funds from the company. The funds are thus sent directly to the partner companies generating profit for you as an affiliate.

In this investment partnership program, Antares acts as an intermediary between the IBPA and the other companies.

If you manage to recruit an investor to purchase in, you get a solitary level 2% reference commission.

How to join Antares trade

To join this platform promoting investment, there are twelve investment packages provided. They range from $100 to $100000 in AND tokens. AND is currently traded internally at $1 USD.

These are the bundles offered:

invest $100 and receive 100 AND
invest $250 and receive 250 AND
invest $500 and receive 500 AND
invest $1000 and receive 1000 AND
invest $2500 and receive 2500 AND
invest $5000 and receive 5000 AND
invest $10,000 and receive 10,000 AND
invest $20,000 and receive 20,000 AND
invest $35,000 and receive 35,000 AND
invest $50,000 and receive 50,000 AND
invest $75,000 and receive 75,000 AND
invest $100,000 and receive 100,000 AND

The higher you invest as an affiliate, the higher your income potential through the Antares trade compensation plan.

Antares Trade Affiliate Programs

Antares offers 15 different investment affiliate programs, including Binary Profit Team Token Profit Team, Line Profit Team, Robot Profit Team, Step Profit Team, Synergy Profit Team, Options Profit Team, Union Profit Team, Forex Bot Profit Team, Coin Profit Team, Matrix Profit Team, Product Profit Team, Smart Profit Team, Antares Cashback, and Antares P2P Platform.

Antares Trade’s Compensation Plan

Antares trade provides a linear compensation marketing plan. The linear compensation plan looks like this:

As an IBP, you invest in Antares Dollar tokens with a guarantee of a daily return of up to 2% capped at 200%.

Here is a breakdown of their compensation plan:

Referral Commissions

Antares Trade pays referral commissions based on a unilevel compensation structure down three levels of recruitment

The referral commission rates are determined by the highest Antares Trade package an affiliate has invested in:

invest $100 and receive 3% on level 1 (personally recruited affiliates)
invest $250 and receive 3.5% on level 1
invest $500 and receive 4% on level 1
invest $1000 and receive 4.5% on level 1 and 0.5% on level 2
invest $2500 and receive 5% on level 1 and 1% on level 2
invest $5000 and receive 5.5% on level 1 and 1.5% on level 2
invest $10,000 and receive 6% on level 1, 1.5% on level 2 and 1% on level 3
invest $20,000 and receive 6.5% on level 1, 2% on level 2 and 1% on level 3
invest $35,000 and receive 7% on level 1, 2.5% on level 2 and 1.5% on level 3
invest $50,000 and receive 7.5% on level 1, 3% on level 2 and 2% on level 3
invest $75,000 and receive 8% on level 1, 3.5% on level 2 and 2.5% on level 3
invest $100,000 and receive 8.5% on level 1, 4% on level 2 and 3% on level 3

Residual Commissions

The company pays residual commissions through a binary compensation structure, which has no limit to its depth.

A binary compensation structure places an affiliate at the top of a binary team which is then split into two.

The first level of the binary team has two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each creating four positions.

Subsequent levels of the binary team are generated as required, with each new level having twice as many positions as the previous level.

Positions in the binary team are filled through direct and indirect recruitment of affiliates.

Residual commissions are paid as a percentage of funds invested on the weaker binary team side.

Just like referral commissions, residual commission rates are determined by the highest package an IBPA has invested at:

invest $100 and receive a 5% residual commission rate
invest $250 and receive a 5.5% residual commission rate
invest $500 and receive a 6% residual commission rate
invest $1000 and receive a 6.5% residual commission rate
invest $2500 and receive a 7% residual commission rate
invest $5000 and receive a 7.5% residual commission rate
invest $10,000 and receive an 8% residual commission rate
invest $20,000 and receive an 8.5% residual commission rate
invest $35,000 and receive a 9% residual commission rate
invest $50,000 and receive a 10% residual commission rate
invest $75,000 and receive an 11% residual commission rate
invest $100,000 and receive a 12% residual commission rate

Aside from the referral and residual commissions, the affiliates also receive a bonus:

ROI Bonus

After 200 days, Antares Trade affiliates receive a bonus based on the investment package they chose:

invest $100 and receive a 0.02% bonus
invest $250 and receive a 0.04% bonus
invest $500 and receive a 0.06% bonus
invest $1000 and receive a 0.08% bonus
invest $2500 and receive a 0.1% bonus
invest $5000 and receive a 0.12% bonus
invest $10,000 and receive a 0.14% bonus
invest $20,000 and receive a 0.16% bonus
invest $35,000 and receive a 0.18% bonus
invest $50,000 and receive a 0.2% bonus
invest $75,000 and receive a 0.22% bonus
invest $100,000 and receive a 0.25% bonus

Antares trade Reviews

Antares trade has received a lot of negative reviews as it has been reported by many to be a ponzi scheme. It has an average of a 2.8 out of 5 star rating on Trustpilot.

Here are some of the reviews about the company;

BEWARE: they will charge you two months pay before your 14 day trial is over. If you find yourself still itching to try this product after reading all the thumbs-down reviews on it, like i did, cancel on day 12. I did not and was charged early (on day 13) for the plug-ins… 60$ down the drain. Definitely fraudulent.
When I reached out to Antares customer support — likely a robot, just like their char room, they told me it was their policy not to allow returns. I fought back for being charged early and they wouldn’t accept responsibility.

-Rylan Hair

to be honest,
i had a really bad experience with Antares.Trade, i couldn’t get my money out for weeks. if not for MissionForecast.com that came in for me. Antares.Trade cannot be trusted guys. be careful.

-Julio Cesar

BEWARE! Scammers! I sent a request to transfer my money from ANTARES EXCHANGE to my wallet on Binance and today is the fourth day, still nothing, it is in the status, it remains permanently on “To be sent” and technical support stopped responding to me. I sent five emails to support to request a solution and I still have no response! I HATE THIS COMPANY!

-Kris

On this Platform, they promise huge return. But then out of nowhere on a Friday 13, everything got blocked out. Then you hear him opening new platform, after another asking people to invest money again and again, When no one gets the original investment.

-GB

Antares is a scam but nothing more. Check out that how they cheated people in CIS countries. Alex Richter himself is a fraud. Those who trust this company or defending it, is most probable a paid keypad doll. The company collected millions of dollars in CIS countries and without a prior notification , announced that all transactions are banned telling people that the company will return the amount of investment in weekly bases depending on the amount client invested. Little calculation: if you have invested 16000 dollars they return the amount back to you in 50 weeks. Don’t be greedy people

-Aijan Alisherova

Clearly most of the clients are dissatisfied by the empty promises offered by Antares trade. The company doesn’t look good.

Pros of Antares Trade

The company claims to have a variety of services to offer.

Cons of Antares trade

The AND tokens, which one is required to invest with, have no worth outside the Antares platform
The returns that they claim one will receive are not possible in the financial market thus giving empty promises to its clients.
The main source of income of Antares trade is dependent on new investments which makes it similar to a pyramid scheme.
Antares trade offers investment services that require authorization from regulators. They do not show any authorization for their so called services.
The company’s CEO happens to be a paid actor and there are no legit offices provided.
There are a lot of negative reviews from discontent customers.

Is Antares Legit?

Antares Trade is definitely a ponzi scheme. The company has a hired actor pretending to be the CEO and their mentioned address leads to a hotel meaning they have no legit offices.

This platform solicits investment of actual money at up to $100,000 in exchange for AND tokens which are worthless outside of Antares Trade. The company generates them on demand at little to no cost.

Conclusion

Antares trade gets its income from new investments which means that once withdrawals inevitably exceed investment the company will be well on its way to collapse. This is quite similar to the structure of a pyramid scheme.

The company hasn’t been authorized by any regulators to conduct its investment services which makes the services they conduct illegal.

Antares trade are planning to launch new investment programs to further scam investors of their hard earned money.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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