Search results
Results from the WOW.Com Content Network
Mirror Trading International (MTI), declared a pyramid scheme by the South African High Court, was a cryptocurrency trading platform promising automated trading services with significant returns. [1] MTI was masterminded by Johann Steynberg, who claimed to use an artificial intelligence bot for its trading activities. [2]
The mirror trading method allows traders in financial markets (and, to a lesser degree, stock markets) to select a trading strategy and to automatically "mirror" the trades executed by the selected strategies in the trader's brokerage account. [2] There are two specifics of mirror trading. The first is connected with fundamentals of trading: to ...
Pages in category "Cryptocurrency scams" The following 13 pages are in this category, out of 13 total. ... Mirror Trading International; O. OneCoin; Faruk Fatih Özer; P.
Mirror investing is also available for currency investors. In October 2010, Currensee launched the Currensee Trade Leaders Investment Program, giving investors of all types the ability to invest ...
The mirror trading concept opens FXCM clients a new gateway for investing in Forex, allowing an easy transition to live trading. Drew Niv, FXCM founder & CEO expounds: "FXCM focuses heavily on ...
The largest scam occurred in April 2021, where the two founders of an African-based cryptocurrency exchange called Africrypt, Raees Cajee and Ameer Cajee, disappeared with $3.8 billion worth of Bitcoin. [151] Additionally, Mirror Trading International disappeared with $170 million worth of cryptocurrency in January 2021. [151]
Copy trading. Copy trading enables individuals in the financial markets to automatically copy positions opened and managed by other selected individuals. Unlike mirror trading, a method that allows traders to copy specific strategies, copy trading links a portion of the copying trader's funds to the account of the copied investor. [1][2] Any ...
In early 2019, in the Kapa investment scam, the Philippine government shut down Kapa-Community Ministry International and its self-declared pastor, Joel Apolinario. [citation needed] In January 2020, the SEC filed a federal case against a Californian couple, Jeff and Paulette Carpoff, charging them of organizing a $910 million Ponzi scheme.