Mirror Trading International

[MegaTesla]

To any MTI account holders pls share screenshot of crypto bot trades and results

Can't see anything for 21 Aug.

 

[Snyper564]

Can't see anything for 21 Aug.

Maybe Neno took a nap... Super keen to see how this bot supposedly does... Crypto is tanking at the moment... This isn't the fx space...

 

[4Snoopy]

Interesting take from a trader who was a MTI Member and has subsequently disinvested .....

 

[GreyWolfine]

Good day everybody.

I have been following MTI for a while now, not in interest to invest but since I also been getting strange feelings about them. I already read most pages here and I know a few people who lost money in similiar type of dealings as MTI.

Not sure if someone posted these yet. One was taken from mobile on Opera browser the other picture was taken on Chrome desktop minutes apart from each other. It is strange that both shows different number of members.

Maybe I am seeing wrong due to being a bit tired atm.

 

[Afino]

......

 

[Afino]

Joining MTI may end in tears

Three authorities, across three different countries warn consumers against dealing with Mirror Trading International.

www.moneyweb.co.za

 

[GreyWolfine]

Good morning everybody. After reading about 30 pages on this topic here I have seem some similarities between members. A while back I tried warning some that this looks like a pyramid scam but then they just sent me a Quora page that said MTI is not one and they even sent me a slideshow of MTI saying it is not a pyramid scheme. Even told them to google mti Texas and got replied back that Texas got nothing to do with South Africa or MTI.

They even told me I should stop talking this nonesense since they got alot of experience in this and I am only making my name toffie and that the company I work for is a pyramid scheme. So then I just gave up since I was just wasting my time. And I just ended telling good luck and hope they make alot of money.

Thanks to all the effort and work you all put into this post.

 

[Forexpip]

Trade report

 

[John Tempus]

Trade report

Any idea about the timestamp, what timezone is that or is it just straight UTC ?

Also that is far from a trade report, it is not even a full page or if that is the trade report they only did a measily few $ worth of trades for entire day ? haha

 

[aofafrica]

Maybe Neno took a nap... Super keen to see how this bot supposedly does... Crypto is tanking at the moment... This isn't the fx space...

Volatility is the day trader's friend.

MTI is not going to see their moer (on trading) until they actually trade something

New broker, new bot - same pointless "reporting".

 

[Tman*]

Quick reminder: MTI is run by serial con artists and there is no bot!

 

[DesertWrangler]

Any idea about the timestamp, what timezone is that or is it just straight UTC ?

Also that is far from a trade report, it is not even a full page or if that is the trade report they only did a measily few $ worth of trades for entire day ? haha

They’re kinda clever this way. This is a member’s report. It shows his “share” of every trade, scaled to the size of his investment. This makes it virtually impossible to link individual trades to actual transactions on an exchange, especially since it doesn’t show the actual ticket number from the exchange. The only solid piece of info on this report, is the price of the instrument, at the time of the “trade”. I’m sure Johann developed an app that draws price data from one of the multitude of online tickers and then simply generates random “buy/sell” line items, based on historic values.
No actual trading, just a clever sleight of hand.

 

[Snyper564]

Any idea about the timestamp, what timezone is that or is it just straight UTC ?

Also that is far from a trade report, it is not even a full page or if that is the trade report they only did a measily few $ worth of trades for entire day ? haha

Not a few dollars 1 : 200 leverage remember

 

[Snyper564]

What's interesting is the past stories where the broker gave them usd for the btc they held. What happens in the so called crypto space surely it would remain in btc that narrative would surely change now

 

[John Tempus]

Not a few dollars 1 : 200 leverage remember

Well 1:1 or 1:1000000000000 Leverage, that dogsh!t partial statement shows an attributed value that is already taking into consideration any sort of leverage and those amounts (if real) is not remotely close to the balance never mind capable of their reported interest for entire balance.

 

[John Tempus]

They’re kinda clever this way. This is a member’s report. It shows his “share” of every trade, scaled to the size of his investment. This makes it virtually impossible to link individual trades to actual transactions on an exchange, especially since it doesn’t show the actual ticket number from the exchange. The only solid piece of info on this report, is the price of the instrument, at the time of the “trade”. I’m sure Johann developed an app that draws price data from one of the multitude of online tickers and then simply generates random “buy/sell” line items, based on historic values.
No actual trading, just a clever sleight of hand.

So it is completely in house generated reports typed out by cheri fatfingers herself.

The reason I asked for timezone on that report is to gauge the relative market price at that time on a real exchange. Would be pretty trivial to figure out which exchange they are supposedly using by matching the entry prices if I know what timezone those reports reflect.

If we then want to track down a possible exchange candidate based on the multitude of different altcoins in that small statement it would be even easier to narrow it down since not many derivative trading platforms offer those altcoins.

Fascinating.

 

[DesertWrangler]

So it is completely in house generated reports typed out by cheri fatfingers herself.

The reason I asked for timezone on that report is to gauge the relative market price at that time on a real exchange. Would be pretty trivial to figure out which exchange they are supposedly using by matching the entry prices if I know what timezone those reports reflect.

Fascinating.

I went through this exercise a few months ago, with their fiat statements. At the time, I found a fair degree of correlation to actual prices, when I adjusted the timezone to SA time (GMT+2).

 

[Snyper564]

I went through this exercise a few months ago, with their fiat statements. At the time, I found a fair degree of correlation to actual prices, when I adjusted the timezone to SA time (GMT+2).

Just as a bit of a history lesson bernie madoff generated statements based on legit prices to generate expected returns at the end of a period

 

[DesertWrangler]

Just as a bit of a history lesson bernie madoff generated statements based on legit prices to generate expected returns at the end of a period

That’s exactly what I suspect MTI is doing.

like I said in my earlier post, its a clever sleight of hand. Members can check the prices on their statements against price quotes from services like bloomberg or nasdaq and the prices would match, giving them a false sense of security. Plus, it is easy to make sure you have a nice balance of wins and losses (naturally, with a small net profit), if everything is based on historic price data...

 

[quovadis]

Trade report

Normally with crypto trading it’s between crypto’s - this appears as if they’re buying and selling to fiat since the trade doesn’t mention the trade pairs other than the US value and crypto bought/sold. If it was fiat as the base the transaction fees would dwarf their micro profits and there’s no way in hell the exchange is unregulated.