- Bitcoin | FXChoice
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- FXChoice Review 2020: Pros, Cons & Ratings
- FXChoice Review - bitcoin CFD brokerage for US traders
Meanwhile, the statement by FX Choice follows a request for clarification on MTI by discussants on Forex Peace Army forum, a scam reporting site. In the discussion thread, two members question MTI &ndash a broker for FX Choice claims of making &ldquo profits every day.&rdquo
Bitcoin | FXChoice
However, before MTI could provide the required documentation, FX Choice says its &ldquo concerns were later confirmed by a statement from the Texas Securities Commission on 7th July and the AMF of Canada a week later.&rdquo
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Despite the persistent scam allegations, MTI insists it is running a legitimate investment business. Reports in July quote Steynberg claiming that none of his organization&rsquo s 75,555 plus members worldwide has ever complained or failed to withdraw their bitcoins.
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FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam.
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Based on this new information, FX Choice says it made the decision to &ldquo block MTI&rsquo s account on 65th June.&rdquo The company subsequently requested &ldquo additional documents from MTI to confirm the source of their funds.&rdquo
FX Choice also disputes MTI&rsquo s claim that it uses artificial intelligence software for trading.
According to the statement, &ldquo MTI executed just a few trading operations, which were performed manually, large and incurred substantial losses.&rdquo
The company says it uncovered this after researching into MTI, a firm that claims to have &ldquo 668,577 members in 697 countries&rdquo and ostensibly sees &ldquo 67, Bitcoin in trade daily.&rdquo
In the same statement, FX Choice explains that MTI opened an account under the name of its current CEO, Johann Steynberg back in 7567. Before May 7575, FX Choice says it had not seen any suspicious activity with MTI&rsquo s trading volume while the deposits were still small.
This changed, however, when the account got converted from personal to corporate status. MTI also began to handle large deposits, which raised red flags.