Mirror Trading International Review (2020): How Legit Is MTI?

My analytical review for today is “Mirror Trading International”.

Mirror Trading International (MTI) is a platform where users get 2x their funds/capital when they invest their bitcoin to be traded on their behalf in the forex market.

Members of this program are encouraged to start investing with a minimum of $100 worth of bitcoin in order to enjoy the benefit that comes with being a member.

However, there are still doubts and questions that linger in people’s minds as to whether the platform is a clean investment program or a Ponzi scheme.

By the end of this post, you must have ascertained yourself the definite truth about Mirror trade international.


Post Overview

Before I proceed, I will like you to know that the opinion and suggestions you see on this post are not bias but constructive,

In that case, if you have been looking for facts to clear your doubts about this site be rest assured you have come to the right place.

Below is a list of what I will cover:

  1. What Is Mirror Trade International?
  2. Who Is Behind MTI?
  3. MTI Product And Services
  4. MTI Profit Breakdown
  5. Members Support
  6. Is MTI Legit or Another Ponzi Scheme
  7. Conclusion/ My Verdict

Let`s get started


What Is Mirror Trade International?mirrow trade international

Mirror trade international also known as MTI operates in the forex niche.

It is an online investment platform, that integrates advanced digital software and artificial intelligence to trade in the Forex markets.

It was founded and registered in Northcliff, Johannesbourg South Africa in April 2019.

What this company does is that it accepts funds from investors, trade them in the forex market using their trading bots and pay returns to investors daily.

 Note: 

  • Funds are received and paid in bitcoins only
  • the returns paid daily depends on the profit made that day 
  • capitals are not locked; thus investors can withdraw their capital at any time and receive it the next day 

This sounds pretty good right?… yeah, however, you should read on to find out if the above is really true. 


Who Is Behind MTI?

Johan Steynberg.

The sole founder of MTI is a South African man known as Johan Steynberg.

Information gathered about him has it that he has been a promoter of Syntex Global, a fuel additive international company based in the US.

Eventually, Johan picked up an interest in the crypto niche and developed a platform to help bitcoin Hodlers grow their coin order than keeping them idle in a wallet.

According to Johan`s statement in an interview; he has been in the bitcoin industry for five years.

From what we have discussed so far, it appears the company has a positive motive. There is valid information about the founder and there are no unrealistic promises of bonuses.

However, besides a couple of youtube videos, there are no other ways to connect with the owner; I could not find him on Linkedin and his twitter account has only 1 post in 2019. 

Let’s look at the products and services offered on Mirror trading international, their profitability and legitimacy. 


Mirror Trading International Product And Services

MTI products/services and ways to earn

  1. Return on Investment from the Trading pool 
  2. Referral Bonus 
  3. Binary Bonus.

Let’s look at them one by one. To do this, I will be requiring the help of my friend Alice who wants to invest in MTI. I hope you don’t mind. 

Return on Investment from Trading. 

This is the major product/service offered by MTI. As stated above you invest in BTC and earn daily payout (Monday-Friday) in bitcoin depending on the profit made by the company that day. 

The minimum investment here is $100 in bitcoins. You can see your profit and report on how the trade went daily in your back office. But, you can withdraw this profit only when it is up to $5. However, you can withdraw your capital anytime you wish and it will be remitted to your bitcoin wallet the next day. 

Note: There is not realtime proof to show that the trades are really going on, however from the daily report given, you could match it with the market to confirm its authenticity. 

But this does not still confirm that the trades where made. Reports are sent the following day and thus could be claims of an unmade trade.  

That said, let’s give MTI the benefit of the doubt and believe that these trades are truly made. 

The company stated that investors earn at least a 10% ROI each month. 
Thus if my friend Alice invested $100, she will earn an extra $10 or more each month. 

Referral Bonus

You earn 10% in commission from each person you invite to join MTI. 

If Bob invited Alice to join MTI, and she does and signed up with $100, Bob will receive $10 which he could withdraw after seven days. 

Alice seeing this might see her $10 monthly profit as too small and too slow and decides to go into the business of recruitment. 

If she gets 10 persons to sign up, who invests $1,000 each then she has made $1,000 instantly. This is a profitable business model Alice could start…

But the question here is if Bob gets 10% Alice’s investment i.e $10. Does it mean that MTI is only trading with $90 on Alice’s behalf and still pay Alice daily based on 100% of her investment? if so, they must be making enough to cover that.

Also what if Alice decides to withdraw her capital a few days after signing up. Does it mean the company have to look for money somewhere to pay her since they have given Bob 10% of it? 

While you ponder on that, let’s look at the 3rd way to earn…

Binary Bonus 

mirror trading binary bonus

To earn here Alice needs to deposit or have a balance of at least $200 and have two active referrals.

According to the website, this is an excellent way of making money through the platform.

mirror trade international binary bonus

Now, this is how it works;

  • A member makes two direct active referrals and groups them into two teams (left and right team).
  • The subsequent members recruited into the binary tree falls underneath each phase of the former recruited team.
  • As the binary tree grows with more members recruited and placed beneath each phase, the initiator stays at the top and earn a residual commission the tree generates.

Note: The Binary bonus is generated from the profit the company makes from trading and its paid weekly. Thus investors might not receive returns here if profit is not made. 

In other words, Alice will receive a percentage of the trading profit made on the investment of those she recruited either on her right or left depending on their trading volume. 

The level to which she will earn will also depend on the investment amount. 

She will earn to level;

  • 20 if she invested $1,000 – $4,999
  • 30 if she invested $5,000 – $9,999
  • infinite level if she invested $10,000 +

Right now you might be thinking; does Alice earn the 100% of the profit generated from her investment? 

No, she doesn’t in actuality the “Return on Investment from trading” is 40% of the generated profit from her fund. let me break this down in the next section.


MTI Profit Breakdown 

Let’s say Alice invested $1,000 and the traders made a profit of 1% ($10) on her fund on day one, here is how it will be shared. 

  • 40% ($4) will go to Alice (Member)
  • 30% ($3) will go to the trader
  • 10% ($1) will go to Admin (Johan Steynberg team)
  • 20% ($2) is shared amongst Alice uplines who are qualified for it at the end of the week. 

But let’s not forget Bob. 10% of Alice’s $1,000 ($100) has been given to him. The company, in reality, is only trading at $900 thus they have to make over 1% on profit for the above calculation hold. 

I hope you are flowing with me and enjoying the review so far. If you don’t make sure you let me know in the comment section. 

Now let’s look at the Mirror Trading customer support and find out if they are Legit or a Scam site. 


Member Support

The support can be contacted through;

  • email:  [email protected]
  • Tel: +27 715 095 266
  • Office:
    341 Beyers Naudé Dr
    Northcliff, Randburg
    Johannesburg
    Gauteng
    2115
    Office Hours: 09h00 – 15h00 Weekdays

I have not contacted them myself so I do not know how long responses might take. 


Is MTI Legit or Another Ponzi Scheme?

To answer this I will state the reasons why I think it’s legit and the reasons why I think it’s not. Then I will give my conclusion. 

MTI might not be a scam because;

  1. It is registered
  2. The founder is not in hiding he is known 
  3. The business plan seems sustainable 
  4. There is no unrealistic payment of ROI
  5. Members do not earn from referral and binary bonuses alone
  6. The trading report is giving daily 
  7. Some Members have provided proof of Payment
  8. No one has complained of being scammed by MTI
  9. You can withdraw your capital at anytime 

MTI might be a scam or a Ponzi scheme because:

1. No Proof of Trade:

MTI  does not provide proof that trading is really going on. The CEO stated clearly in an interview that the traders do not allow him to share this information and that investors can confirm the trades by looking at the open and closing rates in the report sent. 

His reasons might be reasonable but the opening and closing rate still does not prove that the trades where made. Secondly, there have been schemes who have this reason but ended up crashing with investors’ funds. e.g blue key 

2. Trading ROI is not guaranteed

This might be realistic because traders sometimes have their bad days. But no guarantee and the actual no daily pay might force the investors to depend on recruitment alone for their earning as with Alice (the example above). 

Which might lead to mass withdrawal and eventual crash of the platform. This is similar to what happened to bitclub network; tagged the $720 million fraud. 

However, daily payouts are made thus, we shouldn’t worry about this. 

3. Not Regulated.

The company as stated on the website is registered but there is no way to verify this registration. Even is we could verify this, the company does not state the regulatory body overseeing it as a financial institution.

This is similar to what happened to Bluekey that I  have stated above, the company was registered, the owner was known but the company was not regulated; this led to the loss of investors’ funds. 

4. Relatively New

MTI is relatively new. I could not find tangible social proof of its legitimacy online like on trust pilot, Reddit, and another forum. 

This does not suggest that is it a scam but a con we should consider. 

So what is my opinion? …Check out the conclusion. 


Conclusion

I wouldn’t say MTI is a scam site or a Ponzi scheme because there is no substantial evidence to prove so. 

The business model is realistic and seems to be of genuine intention.

However, I would not endorse it since I don’t see proof of their trading and they are not regulated. 

I would rather trade myself…But that`s me 

If you want to invest, I suggest you invest with money you can afford to lose. This is a piece of general advice because all investments carry risk thus you should practice risk management. 

Nevertheless, I won`t fail to ask for your opinion in the comment section.

And remember to click on the like and share buttons below.


Read other related articles;

  1. Bitclub Network:- The Complete Review | (2020 Update: 3 Men Arrested in the $722 million Scam)
  2. Kuvera Global Review: 3 Reasons Why You Should Stay Off This Scheme
  3. SCAM ALERT!!! THE BILLION COIN (TBC) – Exposing the Scam

 

Paschaline Anagor

12 thoughts on “Mirror Trading International Review (2020): How Legit Is MTI?”

  1. Good day. I have a question about the interest gained. This article implies that one can only withdraw 5usd of the interest gained. Is that true, since you have been on since Jan 2020. Thank you

    Reply
  2. Hello, i appreciate your effort to enlighten your readers but it will be best to do your due diligence and have adequate information before writing anything negative about a brand.

    to add to the clarification that Segun Mushin already provided, MTI does not promise a 10% monthly return on investment, neither do they promise a fixed return on investment at any point

    the company has been transparent from day one with zero bogus claim to anyone, as a matter of face. any promoter found wanting face immediate account termination with option to withdraw their fund withing 24hrs.

    the company does not give room for shenanigan among their promoters and the company is using FXchoice and 9 other brokers that allow accounts to trade Bitcoin against other currencies.
    as at today, the company has over $101,000,000 trading portfolio and over 102k happy investors.

    i am not an advocate of the company but i took my time to do my due diligence.

    Reply
  3. The 10% referral bonus is paid out of the daily profit allocated for bonusses. In other words there is a budget for the bonusses and it is not paid out of any person’s investment

    Reply
  4. Good day,

    I quite appreciate your review about MTI, but I will please implore you to take the pain to go on YouTube watch and listen attentively to all their videos and interviews to get some of your information correctly.

    1. MTI does not pay referral commissions from the upline’s capital, rather the 10% commission is paid from the 10% profit share going to MTI company, that is the reason why it is stated that your downline’s capital must be in the trading pool for at least 7days to qualify for the commission. This means it would have generated some profits within that 7days period. Where the capital is withdrawn before 7days, the upline gets no commission and it is a one off payment.

    2. Issue of Live Trading, The CEO stated investors usually view their live trades when they started newly but discovered some members used a copy trading software and sold out their signals to make money, hence they stopped the live trading.
    Be that as it may, this excuse is not enough fact to prove whether genuinely they are trading.
    An internet blogger contacted and met with the CEO to confirm this and actually saw a live trading but was only authorized to take a screenshot and not recording and he confirmed that actual trading is going one.
    Let me add, the CEO said he is still working towards the possibility of investors seeing the live trading.

    3. You mentioned that MTI does not have proof of being financially regulated. MTI stated they are not a financial institution but an investment company and they have registered the company as required and regulated by the South African regulation laws.
    The South African government does not recognize Bitcoin as a legal tender or a currency and at no point in time does their mode of operation involved changing bitcoin to any country’s FIAT currency. If at any point in time there is the need to handle fiat currency, then they can be financially regulated that is why their slogan is BITCOIN-IN-BITCOIN-OUT. (If you want to ask how do they trade forex , please watch all their YouTube videos and interviews you will find the answer and you will learn more about MTI).
    And as stated by the CEO and his team, anytime the South African government sees Bitcoin as a legal tender, and there are laws enacted to regulate it, MTI is more than willing and ready to comply.

    I am not MTI staff but I took pain to carry out my due diligence by watching all their videos and interviews to understand what the company is into and all about their business.

    There is no business without its risk, my advice is always invest what you can afford to lose.

    Apologies for my lengthy response.

    Thanks

    Reply
  5. This looks like a mirror image of a similar platform back in 2017, BTC Global (Bitcaw Trading Company), where the ‘top trader’ just vanished of the face of the earth and left investors stranded.
    I would Google BTC before thinking of investing with MTI.
    Bitcaw – Andrew Caw ???

    Reply
  6. Your assumptions are wrong. You are however addressing the right concerns. There is ample evidence of people who are using their profits to pay for monthly expenses. I am happy with this opportunity. It is however every person’s responsibility to do their own due diligence.

    Victor

    Reply
    • Thanks for the reply.

      Your response would have been more objective if you had
      highlighted the assumptions and clear there out.

      Reply

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