We discovered a slew of evidence indicating that Phoenix Trading is a scam and that this fraudulent Bitcoin scheme should be avoided at all costs. A comprehensive study of the PhoenixTrading.co Bitcoin system exposes the truth about this operation.
Our investigation indicates that it is a hoax intended to entice people seeking online money-making opportunities.
Phoenix Trading Plot
The Marshall-Sherman Group’s William Johnston is seeking 50 individuals to participate in a free six-month trial of the Phoenix Trading App. The study will take place in the United Kingdom. To qualify for this exam, you must have no prior trading experience.
After six months, you will be asked to participate in a survey through Skype or email to provide feedback on the Phoenix Bitcoin Trading programme and to report on the amount of money you made as a result of using it.
However, despite the website’s claim, when we investigated it for our review, we couldn’t discover any explanation for what specifically sets it apart from other Bitcoin trading robots. All that is required is an email address, and you will be sent to a website where you will be given a Bitcoin broker.
When you create an account with this broker and make a minimum deposit of $200, you will get an extra $200 in trading money to use as you want.
Phoenix Trading Scam Explained
Phoenix Trading is completely hands-off, which means that all you have to do is install the web-based Bitcoin software and then sit back and watch it trade your money. As a result of the so-called Bitcoin system, you are forced to reinvest all of your early Bitcoin earnings in order to generate greater future returns.
The evidence clearly indicates that it cannot be trusted, and we explain why taking advantage of the free offer carries a significant risk in this section of our study. We highly advise you against using the Phoenix Trading App to fund your account.
According to William Johnston, who speaks in the PhoenixTrading.co presentation video, you may be unfamiliar with the Marshall-Sherman Group. We have very good cause to believe this, since our investigation for our Phoenix Trading review revealed that such a business does not exist.
We were unable to locate a consumer research organisation with a CEO called William Johnston, and we remain sceptical that he is a genuine person engaged in providing product testing services to businesses.
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The trial period will last six months, but you must deposit at least $200 and agree to have your earnings re-invested in larger trades as they occur. This implies that if you lose your whole investment in a sequence of poor bets, you will never be able to recover your investment.
While testing the Phoenix Bitcoin Trading software is completely free, taking advantage of the offer involves risking your own money.
Free Trial Gimmick
We are certain that after six months, there will be no way to contact the phoney Marshall-Sherman Group for comments or to file a complaint about missed transactions caused by this phoney Bitcoin system. In the Phoenix Trading promotional film, trading accounts that seem to be real are exposed as forgeries.
It is easy to establish a trading account that generates 100% profits, but it is not feasible for a Bitcoin programme to do the same. Markets are very volatile, and even the most sophisticated trading robot will not be able to predict the right outcome 100% of the time.
Phoenix Trading Fake Testimonials
We were unable to locate any authentic endorsements from traders who beta tested the Phoenix Bitcoin Trading programme. The film’s initial trading account is in the name of Davida Carr, the film’s subject. We conducted an Internet search for our Phoenixtrading.co review to see if there was any reference to a trader by that name.
We were unable in locating any. There was just one match for the name Davida Carr, and she uses it exclusively on her Twitter account, which also happens to be her given name.
As a result of our investigation, we found that she is not associated with bitcoin. The Phoenix Trading technique was developed to appeal to individuals who have attempted to earn money online in the past but have been victimised by a scam or fraud. This is shown very well in the presentation video.
No Evidence
Additionally, it is said in the review video that this offer is aimed at people looking for ways to earn money online, especially those who have previously fallen victim to a hoax promising a billionaire lifestyle. Given that this bogus App is targeted for total Bitcoin novices, it includes no real information regarding the Phoenix Trading signals upon which the Bitcoin system is predicated.
If you are a seasoned trader, you will want confirmation of the trading signals’ accuracy, as well as other information about the Bitcoin system that the Phoenix Bitcoin Trading programme uses for market research.
Verdict
Phoenix Trading’s true nature has finally been exposed. The data presented in this evaluation provides conclusive evidence of fraud. To seem legitimate, the offer is made by a non-existent product testing firm and is made using fictitious names and trading accounts.
If you apply for the Phoenix Trading scam, you will be told that testers are required to verify the Bitcoin software is functional. However, if you apply, you will be risking your own money. As a consequence, maintain a safe distance from them.
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