Next Level Trade Review: Beurax Ponzi Scammers Return
A Russian actor is back at the helm of another cryptocurrency Ponzi scheme, this time calling itself Next Level Trade.
The man presenting himself as "Ethan Vinson," CEO of Next Level Trade, doesn't exist. He's actually Alexey Ignatiev, a Russian actor who previously fronted the 2020 Beurax Ponzi collapse under the fake name "Brandon Watts." When BehindMLM exposed him in early 2021, Beurax imploded. Now he's operating again under a new identity with the same playbook.
Next Level Trade hides its real ownership completely. Its website lists no verifiable executive information, no corporate structure, nothing that would withstand basic scrutiny. Instead, it operates through NextLevelTrade Pty Ltd, a shell company registered in Australia. Like Beurax before it, the scheme falsely claims an Australian base to appear legitimate.
The company dangles a Prudential Financial insurance contract to reassure potential investors. That contract is fake. Bogus insurance documents are a standard con in Boris CEO schemes—the technical term for eastern European Ponzi operations typically run from Russia or Ukraine.
The domain "nlt.ltd" was registered in October 2023, with private registration updated as recently as September 28th, 2024. The operation is clearly active and recruiting.
Here's how Next Level Trade extracts money from investors. There's a free affiliate membership, but affiliates can only recruit other affiliates into Next Level Trade itself. No actual products exist. The real income source is cryptocurrency investments paired with promised returns.
The tiered investment scheme is elaborate. A Basic investor puts in $50 to $500 and receives 1.1% daily returns on weekdays for 16 days. Advanced starts at $501 and pays 1.3% for 24 days. Pro requires $2,501 and pays 1.5% for 36 days. The amounts climb steeply: Improved ($15,001 to $75,000 for 1.85% over 48 days), Expert ($75,001 to $1,000,000 for 2.3% over 60 days), and VIP ($100 to $100,000 for 2.8% over 120 days with frozen funds).
The MLM structure incentivizes recruitment over everything. Eight affiliate ranks exist, each requiring larger personal investments and higher downline recruitment volumes. A Consultant needs $500 invested and $15,000 in downline volume. A Director must invest $50,000 and generate $1,000,000 in downline investments. An Expert tier requires $100,000 personal investment.
The math is simple: early recruits get paid with money from later recruits. When recruitment slows—and it always does—the scheme collapses and everyone below loses everything.
This isn't a new scam wearing new clothes. It's the same operator, same strategy, and same promises that failed spectacularly before. If a company won't tell you who actually runs it, that's your answer. Walk away.
🤖 Quick Answer
Who is behind Next Level Trade?Next Level Trade is operated by Alexey Ignatiev, a Russian actor previously associated with the Beurax Ponzi scheme in 2020. Operating under the alias "Ethan Vinson," he uses the same fraudulent business model despite being exposed by BehindMLM in 2021.
What is the corporate structure of Next Level Trade?
Next Level Trade operates through NextLevelTrade Pty Ltd, a shell company registered in Australia. The scheme deliberately obscures actual ownership by providing no verifiable executive information or legitimate corporate documentation on its website.
What happened to the previous Beurax scheme?
Beurax collapsed in 2021 after BehindMLM exposed its operator, Alexey Ignatiev, operating under the false identity "Brandon Watts." The scheme's implosion followed public revelation of the
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