Teamoftraders is another crypto investment scam trying to defraud unsuspecting investors. We have proof showing Team of Traders as a ruthless online investment platform. With several complaints already under its wing, depositing funds is losing money. There’s no proof that their system works or anyone profiting from the website. These are the telling signs we are dealing with a scam. What we found out regarding Teamoftraders.ltd will shock all investors. Learn the truth in our detailed and eye-opening TEAMOFTRADERS Review.
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A Brief overview of Teamoftraders
The name itself made us question who these people were and their level of experience. From the look of things, the website does its best to appear legit and professional. To the naked eye, all seems okay with the platform.
If you look closely and do some background checks, the truth will reveal itself. Teamoftraders is another crypto scam trying to take advantage of naïve investors. We are here to expose the dirty tricks used on the website to entice deposits.
With a guy posing as a trader in the background, you would easily believe the platform. On the about us page, they claim Team of Traders is a 24-hour trading company.
They claim to only deal with cryptocurrency and no other market. With the crypto revolution growing, a majority of investors want a piece of it. It also attracts scam artists who claim to offer unimaginable profit margins.
Our detailed post helps to expose the red flags we found on Teamoftraders.ltd.
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Account opening procedure
Opening an account with this platform is free of charge. And this is intended to attract anyone with funds. You don’t have to have any background knowledge of trading. All you have to do is sign up with your address, contact, and full names.
If this platform were really helping members make money, they would charge these accounts. It’s another grey area which we have to expose to investors.
Another issue with the platform is the verification procedure. When withdrawing funds for the first time, you have to send valuable documents. These include bank statements, a copy of your ID, and credit card details.
We don’t see a valid reason for this as they can easily validate using email links and SMS codes. There’s enough reason to believe these scam artists are harvesting banking data from investors.
Affiliate and referral program
Although the homepage does not have any affiliate information, the platform offers plans. You have to be a member to sign up with the available affiliate programs. These include 5, 3, and 2 percent commission on deposits made.
Before becoming their ambassador, you need to understand the risks. Victims will point at you for directing them to a crypto scam. Authorities and the law, in general, will view you as an accomplice to online fraud.
The platform does its best to come up with testimonials. Most of the people listed on the website are from America and Europe. This is another well-planned decision to lure investors from these regions to sign up.
If you do your research, you won’t find any social media profiles of the four persons. Weirdly, none of them is found on professional websites such as LinkedIn. All these are false comments used to entice users into believing the platform works.
Custodian of the business
Team of Traders LTD is the entity we are led to believe owns this platform. Howard Shayne is the Chairman of the group. Bronson Andrew is the CEO, and other people are listed as programmer and customer service.
From far, we can tell that these are stock images. None of the people posted are associated with the platform. Even the customer care representative looks like a model. She has been on different scam websites, including the forex niche.
Domain background (teamoftraders.ltd review)
When publishing this review, the website has been running for 282 days. The website went live on July 24, 2020. On the homepage, the platform claims to have 1412 running days. They even backdate their launch to Jun 21, 2017.
All these are false claims meant to show a reputable online platform. The server hosting this website is synonymous with other crypto scams. We can tell this by the IP location, which is Georgia, Atlanta.
Features of Team of traders
Accounts and investments
Teamoftraders offers three investment plans to investors. These plans include Starter, Trader, and VIP. The Starter plan is the basic account, and all these plans come with guaranteed ROI. With the market being volatile, anyone making promises of guaranteed daily returns is lying.
Just like any other trading market, the crypto industry also sees unforeseen rise and fall in prices. The claim of getting 2.5 percent daily returns and withdrawal after 24 hours is false.
Contact and support
There’s a live chat tab that claims to respond immediately. After sending our message, we waited for hours for any response. We couldn’t get any response which is what members are experiencing.
On their contact page, you get to a message board and the company’s email. There’s no phone number but, they claim to have one for VIP members. A reliable crypto investment platform should be available to all members.
The website doesn’t care for the welfare of members.
Deposit and withdrawal
Another huge issue with the platform is withdrawals. Depositing funds is easy as there are several options, including bank transfers and e-currencies. None of the members have ever made withdrawals since the platform’s inception.
Nearly all complaints are in regards to the withdrawal issue. Once you deposit funds with the platform, expect to withdraw. It makes teamoftraders.ltd an unworthy crypto investment platform.
Is Teamoftraders Licensed or Registered?
Team of traders is not a valid investment platform as they hold no license from authorities. We contacted the Financial Conduct Authority to ascertain their status. The website has no authorization from the FCA.
Our next stop was the Company House UK, where they claim to have a license for the company. The register does not have any company licensed under the name Team of Traders Ltd.
What this tells us is that the website is using forged documents to fool investors. The certificate of incorporation does not have any validity. With false documents, it goes to show the extent to which these scam artists will go.
We only feel sorry for those who have deposited this outrageous scam.
Safety of funds with Teamoftraders
As fate would have it, those who deposit funds are in for a rude surprise. There’s no safety of funds with this platform. Without regulators authorizing the terms and conditions, members are at the mercy of this website.
The rules of engagement only favor the people behind this website. All liability falls on members which are harsh to investors. The platform should provide insurance cover for deposits made.
Scam or Legit Teamoftraders
Team of traders is a scam, and the evidence is there for everyone to see.
To protect our readers, we have to add this platform to our blacklist.
Go for better crypto trading tools that enjoy the backing of the crypto community. These tools are regarded as the best in the industry.
Our team wishes you all the best in your crypto investment journey.