FlexiTrade AI, a purported online trading platform, has garnered attention with its claims of guaranteed profits using artificial intelligence (AI).
However, a closer examination reveals several concerning aspects that should give potential investors pause. In this investigative analysis, we will delve into the unverifiable ownership details, the lack of tangible products, the potentially Ponzi-style compensation plan, and the overall credibility of FlexiTrade AI.
Unverifiable Ownership Details: A Lack of Transparency
One of the first red flags when considering FlexiTrade AI is the absence of verifiable ownership or executive information on its website.
While a list of executives is provided, none of them can be found or verified outside of the FlexiTrade AI website.
This raises suspicions about the authenticity of these individuals. Are they genuine people or merely fabricated profiles? The lack of transparency in this regard is alarming, especially when considering the implications for trust and investment.
Adding to the skepticism is the fact that the domain “flexitradeai.com” was privately registered as recently as September 16th, 2023. A fresh domain with no track record combined with undisclosed ownership raises further doubts about the legitimacy of FlexiTrade AI.
FlexiTrade AI operates on a compensation plan that revolves around affiliates investing in $25 Flexi Trade Unit positions (FTUs) with the promise of a 3% per day passive ROI.
The lack of regulation or the presence of poor regulation is a huge red flag. It means FlexiTrade AI is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of FlexiTrade AI , victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
FlexiTrade AI solicits investment in tether (USDT), a cryptocurrency that is pegged to the US dollar. It is important to note that while USD amounts are quoted, the actual investment is made in USDT. This may be a convenient option for individuals who are already familiar with cryptocurrencies and prefer to transact in this form.
The company fails to provide a clear and specific breakdown of its compensation plan.
The vague language used, such as the potential to earn a “huge referral commission up to 65% on the daily profit of your team volume in 5 levels,” suggests a model that rewards recruitment rather than actual product sales or legitimate trading activities.
Such characteristics are often associated with Ponzi schemes, where the primary source of revenue is new investments rather than sustainable trading profits.
When evaluating the product offerings of any company, it is customary to expect a range of services or goods. However, FlexiTrade AI disappointingly has no retailable products or services. Affiliates are only able to market the affiliate membership of FlexiTrade AI itself. This absence of tangible products raises concerns about the sustainability and legitimacy of the business model.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
When considering investing in any company, it’s crucial to evaluate how well they handle complaints and resolve issues. In the case of FlexiTrade AI, there have been concerns raised about the lack of verifiable ownership or executive information on their website. This raises red flags and questions about their transparency and credibility.
FlexiTrade AI claims to have a team of executives, but there is no evidence of their existence outside of the company’s website. It is suspected that these individuals may be hired actors or that their profile photos have been stolen. This lack of transparency is a cause for concern, as it is essential to know who is running and owning a company before investing any money.
Furthermore, FlexiTrade AI does not provide any retailable products or services. Affiliates can only market the FlexiTrade AI affiliate membership itself. This raises another red flag as it indicates that the company’s primary focus is on recruitment rather than offering tangible products or services.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
When considering investing in any company, it is always helpful to hear from other customers or investors who have had experiences with the company. However, it is important to approach online reviews and testimonials with caution, as they can be manipulated or biased.
Unfortunately, in the case of FlexiTrade AI, there is a lack of credible and unbiased customer reviews or testimonials available online. This further adds to the concerns around the company’s transparency and legitimacy.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like FlexiTrade AI tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust FlexiTrade AI reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of FlexiTrade AI, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like FlexiTrade AI enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “FlexiTrade AI reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising FlexiTrade AI.
You should always look out for consumer complaints. In the case of FlexiTrade AI, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about FlexiTrade AI? You can share your complaint in the comment section or submit an anonymous tip.
FlexiTrade AI raises several red flags and concerns when it comes to transparency, credibility, and the sustainability of its business model. The lack of verifiable ownership or executive information, along with the absence of retailable products or services, raises questions about the company’s legitimacy.
Furthermore, FlexiTrade AI’s business model fails the Ponzi logic test. If the company already has a bot capable of consistently generating a 3% daily ROI, then why do they need additional investments from individuals? This suggests that the primary source of revenue for FlexiTrade AI is new investment, which is a characteristic of a Ponzi scheme.
It is important to approach any investment opportunity with caution and conduct thorough research. Always look for verifiable evidence of a company’s claims and ensure that they are transparent about their ownership and executive team. Additionally, seek out unbiased customer reviews and testimonials to gauge the experiences of others. Remember, if something seems too good to be true, it probably is.
FlexiTrade AI is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind FlexiTrade AI can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust FlexiTrade AI?
All the evidence suggests that FlexiTrade AI is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Is FlexiTrade AI a scam?
Can I withdraw money from FlexiTrade AI?
Where is FlexiTrade AI Located?
How do I get my money back from FlexiTrade AI?
Launch a website/app with a generic name
A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.
Pay influencers & social media pages to promote the scheme
By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.
Send thousands of emails and make cold calls to potential victims
It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.
Make victims feel safe through “small wins”
Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.
Convince victims into investing large sums of money
Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.
Disable withdrawals & take down the website/app
Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.
Repeat the cycle
After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.