The Ontario Securities Commission (OSC) has issued a stark warning regarding Be Club, identifying associated entities Be Royal Family Trading and Be Trading Group as unregistered operators. The commission flagged specific LinkTree URLs connected to Be Club and its SageMaster offering, signaling potential securities fraud.
Be Royal Family Trading, formerly Be Trading Group, is not registered in Ontario to conduct securities trading, according to the OSC. The regulator pointed to two specific LinkTree URLs linked to the operation. While the Be Club LinkTree has been removed, the SageMaster LinkTree URL still lists membership with the DSA UAE.
This regulatory action follows a Be Club marketing event held in Ontario during July. The OSC’s alert aligns with earlier assessments labeling Be, or Be Club, as a multi-level marketing pyramid scheme engaged in securities fraud through its SageMaster product.
Be Club is reportedly operated from Dubai by co-founders Monir, Moynul (Moyn), and Ehsaan Islam. Monir and Moynul Islam are noted as former promoters of the OneCoin Ponzi scheme.
Prior to the Ontario warning, Be Club faced similar fraud alerts in Colombia in 2022, and in Norway, Uruguay, the Philippines, and New Zealand in 2023 and 2024. In January 2025, Moynul Islam attempted to dismiss these warnings, characterizing them as common occurrences for businesses.
Web traffic analysis from SimilarWeb in July 2025 showed approximately 5900 monthly visits to the Be Club website, with the majority of traffic originating from Italy (61%), Colombia (21%), and the United States (18%). The SageMaster website attracted around 42,900 monthly visits during the same period. New Zealand accounted for the largest share of SageMaster traffic (36%), followed by Italy (27%) and the UAE (13%).