Mirror Trading International is another obvious scam that has plagued the market. The website is currently still running, but the platform claims it is paused because they are calculating the bonus. What a sad lie that the founder has despite their allegation of being back online soon.
We do not believe a word that these people say. The company is being termed as a scam by the majority in the market. The firm is also famously known as MTI. The entity allegedly deals with Bitcoin and also acts as an affiliate program.
Mirror Trading International allegedly generate monthly profit ranging from 9% up to 12%. The platform state that they do not guarantee what you are going to develop. The entity was launched in April 2019.
The platform requires a minimum deposit of $100. It is a pyramid scheme that requires you to bring as many people as you can. It usually never ends well as the company will be using the funds of new investors to pay its pioneer clients.
The company claims that it can pull investors’ money together. Additionally, they are using AI end advanced software to trade Forex and Bitcoin, and this is a fascinating narrative that they are using to steal from investors.
One of the questions that we are asking ourselves is why does MTI needs investors’ money if they have the technology to yield high profit. If you ask the hard questions, you will never fall victim to this shady firm.
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We were not surprised to find people claiming that this company is legit. However, we are wondering why the company is no longer operating. Mirror Trading International is a dubious system that relies on investors to fish victims for them.
The returns that the company is projecting are too high and unattainable. They also claim that you will not be exposed to any risk while we all know that every form of business has both good and bad times. If you do the math, this platform is promising returns amounting to 214% yearly.
No investment company in the market that will generate you such an amount. Additionally, if anyone discovered such an opportunity for the chances of sharing it with the members of the public is very minimal.
The company state that your bitcoin will continuously be growing. We all know that cryptocurrency is very volatile, and it is tough to predict the outcome. The company promised that you would receive a 10% commission whenever they approve of a new account that you have referred to.
It is not an easy task to convince investors to venture with a new entity. Therefore, you will embark on a daunting task that the majority of clients will not succeed. Invest with legit Forex trading software that does not obligate you to refer people for you to earn money.
Regulation and Contact Detail
The platforms are located in South Africa. The company is not regulated by any financial watchdog in the market. We checked on the various database, but the platform is not registered or regulated. Hence, the platform is operating on their own accord.
It exposes you to multiple risks that no one can save you from when the firm exits the market. The deal that this company is offering is too good to be true. The financial regulatory body of South Africa, which is the Financial Service Conduct Authority (FSCA), has issued a warning against this entity.
It speaks volumes, and it means Mirror Trading International is an illegal venture. There is a high likelihood that you will not receive your money back from this entity. You can only contact the support via email. However, investors who had previously ventured with this entity claim the support is not responsive.
They will ignore your unprofessional email. A company that does not have excellent support services should not be an entity that you trust with your fund. There are better alternatives in the industry.
We were able to gather client feedback of Mirror Trading International. The company seems to have closed investors’ account with their funds. They accuse the customer support of not responding to queries. The platform is not offering any help to their customers.
It seems the majority of the investors are not satisfied with the services of this firm. The company is an unethical as they don’t care about the clients. However, there are positive reviews which we believe are coming from their paid customers or markets.
The individuals are vouching for Mirror Trading International as a legit entity. The review also states that the law operates the company. Unfortunately, this is not correct because the regulatory bodies have issued a warning against their operation.
They urge potential clients not to hesitate and deposit funds with the entity. You will be able to see your bitcoin grow at a steady speed. Nonetheless, this is just another marketing strategy since this platform has collapsed. It seems that people have lost money, and the majority of investors are counting losses.
The people who are meant to benefit from the services of this company are the initial investors. Once there is no cash flow, the system will paralyze their services. There are multiple reviews online that claim Mirror Trading International is a legit entity.
The information is misleading and incorrect. The profit that the company is promising is also unrealistic. Moreover, a deposit of $100 is not a small number of funds. The majority of investors cannot raise the amount.
The platform relies on the traffic that you will drive into their website. It means that when they are no longer investors who are interested in their services, the firm will collapse. Clients’ money is not safe in the hands of these shady investors.
The company does not disclose the people who are running their business. You will be trusting anonymous people with your hard-earned money. It is not a wise decision because when their website collapses, the authority will not help you in tracing them.
Furthermore, this is an entity that no one is overseeing its operation. The firm is operating on its own accord. They can do whatever it pleases without minding their clients. If at all the entity is involved in Forex trading activities, then which currency pair are they trading?
Additionally, which is the strategy that Mirror Trading International is utilizing to yield those high returns? The entity has a narrative that they are selling to an innocent investor. In reality, there is no investment taking place behind the closed door. It is a fake narrative that the company is using to get money.
Mirror Trading International is a merry-go-round investment scheme that relies on the funds coming into their website. The platform will not be in business for long as it is doomed to fail. They do not have customer support services, which are a major red flag.
The company is also using false testimonials to attract innocent investors. We do not recommend their services to members of the public. Therefore, we urge clients to use legit Forex trading software in the industry.
Mirror Trading International does not have any investment services or products that they are offering. It solely depends on the money that investors are depositing. Keep off this entity to avoid losing funds.
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