Tradeonthefly (Tradeonthefly.com) review is out after chatter from the online trading community. Trade on the fly is a concept that is an apparent scam that takes advantage of newbies. We will expose the people behind this platform and their end game. Make sure to share the post as these scam products must be wiped from the trading world. A woman by the name Michele is behind this hideous online scam platform. Continue reading this genuine post on the dangers of such mentorship programs.
According to the about us page, Michele started full-time trading in early 2001. With this claim, we expect the developer to back it with proof. The developer has no evidence of ever trading in 2001; we only have recent evidence from 2013. For twelve years, she has not been in the trading world. Such loopholes are a clear indication that we are dealing with an online syndicate. There are fears that the platform might go dark soon with the exposure. If this is the case, we hope to bring the platform down finally.
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Tradeonthefly is far from being a legit online trading platform. The presentation easily fools users by Michele. It seems that this so-called millionaire earned her money from trading. These are pure claims, and she has no evidence to back it up. We have seen several such claims going around the web. These people take advantage of the fact that we all want to become millionaires. Who wouldn’t enjoy a lifestyle of luxury? The scam artists take advantage of it and start stealing from naïve investors.
When it comes to the trading instruments covered by the platform, information is scarce. We believe that the purpose of this website is to lure beginner traders. The website comes out as a mentorship program for beginners. With these programs, users are asked to invest their money and time into the platform. With each course comes a monthly and subscription fee. Remember that there is no guarantee that the platform will help you make money. And this is what most victims did not consider when signing up.
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Michele claims to grow up in Montana and lives with her husband and four kids. On the about us page, she tried to show us that she is an outdoor person. There is a short video of her fishing in what looks like a river. She claims that she was once a director for Traders4ACause. We could not verify this information as there is no mention of her. Her second name Koenig sounds familiar, right? She uses the name to try and convince members she is linked with the Koenigsegg creator. After consulting with the current director of Traders4ACause, the truth is out. Nathan Michaud distance the platform with Michele, saying there is no current or previous director under that name.
There has been little to no information about the developer’s interaction with users. The only business we’ve seen is negative comments from users. Agnes was enticed into becoming a millionaire seeing another woman made it. She didn’t know that Michele was using her feminism to attract newbies. Agnes had managed to deposit over $8,000 with the platform. A year after failing to withdraw and learn anything meaningful, she decided to quit. Other victims are facing the same situation.
After looking at their domain history, a clearer picture started appearing. The website went live on 17th December 2012. It means the site was up even before we saw her trading history of 2013. Another shocking fact with the platform’s web presence is the number of IP changes. There have been over eight IP changes over the past eight years. The hosting history shows eleven changes over the past thirteen years. It means that their website has been changing ownership for the past thirteen years.
Their platform’s strategy is Swing, which is an impressive strategy. Most of the features we see on the site include a chat room with swing trade alerts. There is also a private twitter feed that offers annotated charts. The developer claims to send free attention on the private twitter feed. What we don’t understand is why the platform fails to provide these alerts to ordinary users. One has to pay extra to get the alerts via Twitter even though the accuracy is an issue.
Tradeonthefly is not yet licensed or regulated by any regulator on the face of the planet. With the vendor claiming to be based in Montana, we reached out to American authorities. What we found out is that even American traders do not know the vendor. We checked with CFTC and NFA for details of their license details. It turns out the NFA has heard complaints from investors regarding this platform. And this is why we have to expose the platform; it is now in the eyes of regulators.
From what we have seen, the vendor does not even give information regarding the terms and conditions. The developer should share their license information. We noticed that the platform does have secure software protection. It means that hackers can easily take advantage of the loophole and steal vital information. Without proper regulation, it means the vendor is unable to offer the safety of funds. And this is a problem that is synonymous with scam platforms.
Tradeonthefly is furnishing users with a barrage of packages and products. The packages range from $395 to $1495. To access Michele’s training DVD, one has to part with $1495 for a one-year subscription. The members who opt for $997 get the option of information on Swing trading. Users should note that the DVD does not come with her as the trainer. There is a voice of a woman that does not match her other videos. Michele is only seen flaunting her so-called wealth but not seen on the training materials.
A look at their contact page reveals how Michele and her team are not considering the plight of users. The contact page has a message box where users leave their contact information and leave a message. There is no direct communication channel, such as live chat or a phone number. One would expect a company that claims to be successful in offering a direct line for users. It is an indication that the vendor is not interested in communicating with their would-be victims.
With all their claims of making money, there is no third party to verify their results. And this is what makes trading with this platform a hoax. Even Michele does not match the luxury, she tries so hard to sell. We can safely assume that no user has benefited from this mentorship program. If any users succeeded with the program, kindly share your results. And this means that the platform is not well received by native traders. It is a shame that Michele is associated with an apparent online scam.
Tradeonthefly is not licensed or registered to offer any trading products or services. These scam artists are clearly in the industry to steal from users. And this is why we have to expose their platform. Michele is on the run as there are aggrieved parties who want answers.
We won’t be recommending an apparent scam to our esteemed readers.
Stay safe and use commendable trading robots with a proven track record. These are proven entities that have a solid user base. It is the reason why traders succeed in the online trading world. Make sure to sign up with commendable trading robots today.
Our entire team wishes every trader a safe trading experience with reputable products.
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