Trade-BM.ai: reviews of the platform for passive income. Can you make money or not?
Service Trade-BM.ai: opportunities and conditions
Trade-BM.ai promises to help in obtaining a stable passive income in the financial markets. According to claims, more than 400 investors are already using the company’s services, and the fund’s annual return is 339.67%. However, before registering on the platform, it is important to consider the proposed conditions and the legality of the activity.
Concept of Trade-BM.ai
Trade-BM.ai presents itself as a service for generating passive income. The hype claims to have become an official partner and API broker of Binance and ByBit. However, there is no roadmap for the company’s development, and clear dates are not defined. It is only claimed that the company’s team has over 5 years of experience in the markets. A subsequent check showed that the Trade-BM.ai platform was launched only in April of last year, which refutes the claims of five years of experience. The website is Ukrainian, registered to Nikolai Onufriyshyn. The portal is presented in three languages: English, Russian, and Ukrainian.
Insufficient variety of communication methods with technical support is one of the shortcomings. Only email and presence on social networks (YouTube, Twitter, Telegram, Facebook) are available. However, these pages are rarely updated. For example, on the Facebook page, the last posts date back to May of last year, and the number of subscribers is zero.
Legitimacy of Activity
During the analysis, internal documents that define the rights and obligations of the parties (customer agreement, privacy policy, etc.) were not found. It is also unclear under what conditions investors interact with the platform.
The legal aspect of Trade-BM.ai raises serious doubts. The platform does not provide certificates of registration or licenses. It is assumed that the brand is managed by BM Trade Inc., but more detailed information about this company was not found. Searching by name in Google led to a similar organization in the USA, but it has no relation to trading on exchanges or investment activities.
Despite numerous reviews on Russian Internet and the presence of Russian localization, the company actively interacts with investors from Russia. However, a check showed that it lacks legal grounds to provide services. Trade-BM.ai ignores the requirements of the legislation, according to which it is necessary to:
- register in Russia as a legal entity,
- become a member of a specialized SRO,
- obtain permission from the Central Bank of the Russian Federation.
Scammers lure users into their networks, depriving them of the opportunity to receive support from the country’s main regulatory authority. Former clients confirm that in the event of a conflict with a suspicious company, the supervisory authority does not intervene.
Promises of Trade-BM.ai
The platform states that trading in financial assets can be profitable, but risks should be kept in mind. To avoid losses, it is proposed to entrust finances to professionals. According to information, the main revenue of Trade-BM.ai comes from speculative trading in the futures market, with plans to expand activities to the Forex market in the future. The following features of cooperation can be highlighted:
- free connection to the service,
- minimum deposit – $750 (but it will increase to $1,000 starting from February),
- commission – up to 32% of the user’s net profit.
No reviews confirming the success of cooperation with this company were found. However, there is sufficient negative feedback.
Users’ Experience and Deception on the Trade-BM.ai Platform
Many former clients of Trade-BM.ai regret not paying attention to warnings about this financial scam and starting cooperation without legal verification. According to reviews, hasty decisions led to significant financial losses, and now they have to fight for part of their capital.
Pitfalls on the Trade-BM.ai Platform
Trade-BM.ai resembles a typical hype, attracting investors with promises of passive income. According to reviews, scammers actively target potential victims, write from fake accounts on social networks and forums. The minimum losses on the project amount to $750, but fraudsters aim for a more substantial sum.
Cheats create an illusion of successful trading to convince investors to invest more funds. In reality, scammers immediately tap into user finances, zeroing their accounts. To verify this, it is enough to request a fund withdrawal. Fraudsters will stall and then justify losses with technical failures, absolving themselves of financial responsibility for the loss of funds.
Conclusion on Trade-BM.ai
Trade-BM.ai is a typical pyramid project not intended for fair play. The main goal pursued by scammers is to extract as much money as possible before negative reviews bury their fraudulent project.