Tradearena.org Review: Deceit Exposed- Scam!
Tradearena Review: can you earn 150% daily profit from this ECN broker or is this another Scam? Our review of Trade Arena Investment serves as an eyeopener. We hope it meets you well, and on time.
With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.
What is Tradearena.org
Tradearena is an investment platform that offers enticing investment plans.
They claim that their investment project is a whole service where you can have a good time and earn money. They promise guaranteed returns of 150% on a daily basis, for seven days which will make you 1050% RO.
How true is this? Can you earn money from this investment platform?
We would be answering that question soon enough.
How Does Tradearena.org Work- What Do They Use Your Funds For?
This should be the first question you should ask before thinking of registering in any investment platform. What are they using my funds for? How are they able to get the profits they’re promising?
We found the answer to this question on their About Us page, however their response is not tangible enough.
” Tradearena partners with many of the top investment banks and dark pool liquidity execution venues to ensure that our clients always have access to the best trading conditions. These connections ensure that you’ll always have access to the tightest spreads and best pricing. “.
This sounds pretty confusing. In one sentence they’re telling you they are into investment, in another sentence they’re talking about brokerage, strategy and pricing.
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The Truth About Tradearena.org
Though their platform looks like the real deal. We are sorry to disappoint you. There is more to what your eyes see. Infact, they are just feeding you well scripted lies.
It is simply a HYIP- High yield investment platform. In case you don’t know what HYIP’s are, they are simply ponzi schemes fashioned to look like investment platforms. They offer unsustainable returns which no right thinking investment platform would do.
Initial investors only get paid when new people sign up and invest. In order to keep platforms like this running, the high returns are used as a bait to pull you in.
Those that benefit most times are the first investors. This is because as soon as the amount of new investor drops, the owners do away with the money invested. HYIP’s are unsustanable, infact no right thinking person would advise you invest in a high yield investment platform. This is because the chances of you losing is 20 over 80.
Why Trade Arena Is Not Worth Your Money
If you’re still considering doubling your money with this platform, below are reasons why you should not do so.
Anonymous Lots
After a thorough background search on who the owner/owners of this platform is, we came up with absolutely nothing. This alone is an indication that the people behind this platform don’t have genuine intentions. If they do, they wouldn’t be hiding their details from whois.
Unpredictability
Because this platform is a HYIP, you can’t predict what their next move would be. They might decide to shut down their platform today, leaving your money trapped. That being said, your money is always at risk with HYIP’s like this.
There are No Watch Dogs Watching Over This Platform
Though some of these platforms might provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. In the real sense, they are not regulated. No Financial Body approves their services.
Unsustainable Returns
The ROI this investment platform promises is not realizable, impossible even. No genuine investment can keep shooting that profits to investors for a long time. It is either they pay initial investors, then stop paying others.
Is Your Funds Safe With TradeArena?
The answer to the question is capital NO. There are lots of deceits hidden in the platform. First, they claim they’ve been operating since 2015, but when we checked who.is, we realized the website was registered just three months ago. Secondly, there are a couple of negative reviews from those who had invested in tradearena.org.
They promise to multiple your investment by 10 times. Once it is done, they ask you another 10% of revenue to withdraw. Once you pay that, you would be blocked from the website, you wouldn’t be able to withdraw your earnings.
We don’t recommend tradearena.org
Our Recommendation
There are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We’ve taken out time to research on legitimate platforms for you.
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