Jubilee Ace Review

Jubilee Ace operates in the cryptocurrency MLM niche and claims to have been “founded in British Virgin Islands in 2018&rdquo ;. Jubilee Ace represents someone named Tony Jackson is its CEO. Jackson doesn't appear to truly have an electronic footprint beyond Jubilee Ace's website.

On June 9th Jubilee Ace uploaded a movie to its YouTube channel titled “ Jubilee Ace Global Launch 29th May 2019&rdquo ;.

Jackson appears in the video so regardless of the stock like photo put on Jubilee Ace's website, does be seemingly a real person. Jubilee Ace's launch event was held in Macau and primarily features what appears to be affiliates of Asian origin. Jubilee Ace's marketing has a notable concentrate on Thailand and Japan.It is highly likely that whoever is clearly running Jubilee Ace is situated out of Asia itself.

As always, if an MLM company isn't openly upfront about who's running or owns it, think long and hard about joining and/or handing over any money.

Traders Opinion

The first faltering step to protecting yourself from fraudulent parties online is to do thorough due diligence on the businesses and entities that you will be about to send the funds to. In most probability, there have been other users who have already used the exact same service, and have expressed their opinions and feedback online on various forums.

After conducting some research on various social media marketing marketing platforms (Facebook, Twitter, Instagram), along with online trading forums, a broad theme emerged where users were dissatisfied with their experience with Jubilee Ace and Jenco. Based with this particular user feedback, it seems that  Jubilee Ace and Jenco is not just a trustworthy broker, and hence, extreme care must certanly be applied before investing through their brokerage platform.

You will find always plenty of brokers out there operating under fake company names or which have other fraudulent operations. A little bit of preliminary research can go a considerable ways in protecting you and your finances.

Conclusion

Jubilee Ace markets itself as “the continuing future of investment&rdquo ;.In fact it's only a typical MLM Ponzi points scheme. Jubilee credits are worthless beyond Jubilee Ace's MLM opportunity. They're not publicly tradeable and it's not really clear whether they're a token or simply credits tracked on a database. The idea is, Jubilee Ace are flogging Jubilee credits with their affiliates for $1 each. There's no mention of an inside exchange in Jubilee Ace's compensation plan or on the website. There's to be some method for affiliates to cash out credits though, so either it's an inside exchange or simply through the rear office.  Jubilee Ace claims to generate external revenue through Aqua, a purported cryptocurrency, sports and gaming arbitrage bot. Beyond their marketing pitch however Jubilee Ace fails to offer proof arbitrage revenue actually used to cover affiliates. Furthermore despite clearly offering an inactive investment opportunity, Jubilee Ace isn't registered to supply securities in almost any jurisdiction it operates in https://scamrisk.com/jubilee-ace/.

The business offers up a BVI incorporation certificate for “ Jubilee Ace Limited”, financial firms not a replacement for regulation with financial regulators. With this note I also want to indicate that there's zero legitimate reason for an MLM company to add itself in the BVI.

The British Virgin Islands certainly certainly are a scam-friendly jurisdiction with little to no regulation. From the regulatory due-diligence perspective, BVI incorporation is meaningless. Without external revenue source, Jubilee Ace is just recycling newly invested funds to cover off existing investors – by way of a convoluted internal credit scheme. The utilization of newly invested funds to cover existing affiliates daily returns makes Jubilee Ace a Ponzi scheme.Commissions paid on affiliate investor recruitment additionally adds a pyramid layer to the scheme. Similar to all MLM Ponzi schemes, once affiliate recruitment decelerates so too will new investment. This can starve Jubilee Ace of return revenue, eventually prompting a collapse. Being fully a Ponzi points scheme, this could see Jubilee Ace's owners and early adopters (featured inside their launch video) cash out.