Techberry.online is an online AI trading platform that claims to offer investment opportunities in both traditional currencies and cryptocurrency. Upon closer inspection, however, a number of red flags can be spotted that indicate this service might be a fraudulent operation. This review will assess the credibility of Techberry’s services, break down the evidence behind the scam, and provide insights to help you safeguard your investments.
For starters, Techberry is an unregulated trading platform. This means they operate without any regulatory licenses or oversight from any authorities, such as the US Securities and Exchange Commission or the UK Financial Conduct Authority. Offering financial services without such licenses is a criminal offense in most jurisdictions, and TechBerry’s blatant disregard for legality is a clear indicator that users’ investments are not safe.
Red Flags and Scam Warning Signs
TechBerry employs a number of persuasive tactics to convince you to make a deposit. These include:
Aggressive Marketing Tactics
- Unrealistic profit claims. TechBerry’s website boasts an average monthly profit of 11.2%, dating back to 2015. Such consistency is highly uncommon in legitimate trading platforms, especially when accounting for the economic and financial repercussions of the COVID-19 pandemic.
- Profit guarantees. The website advertises that there are “no risks with insurance coverage”, implying investors are guaranteed to profit if they use TechBerry’s services. There is no such thing as a “risk-free investment” in legitimate financial markets, and such marketing language often indicates potential scams.
- User Manipulation. The site is designed to encourage users to join quickly. It advertises all services with big promises attached to them, using aggressive marketing language and visual cues to get users to click the ever-present “JOIN NOW” buttons.
Bogus references and information
- Fake Partnerships. TechBerry’s website features plentiful references to “partner brokers” and “third-party verification” services, several of which are renowned, legitimate companies. However, none of the links provided send the user to the websites of these partners. The buttons always redirect back to TechBerry, preventing the user from easily checking the validity of the partnerships.
- Grandiose office locations. TechBerry claims to own offices in world-renowned locations, such as the London Shard and Dubai World Trade Center, among others. This is a common tactic employed by scammers to make their services look more legitimate.
- Minimal information on personnel. TechBerry barely provides any information about its executive team. Their website lists only names, positions, and email addresses. No portraits, no CVs, no links to social media accounts like LinkedIn or X, nor any references to their personal achievements.
- Suspicious YouTube Channel. TechBerry’s website provides a link to their Youtube channel, which contains 5 videos uploaded since December of 2023, and has 155k subscribers. All videos feature AI voiceovers, have comments turned off, and rely almost entirely on stock footage. Furthermore, while four videos have over 100.000 views, interestingly, the fifth has only 55 views, suggesting the use of view bots.
External Reviews and Reports about TechBerry
Users have reported problems withdrawing their funds and poor customer service on several websites:
- ScamAdviser reports a very low trust score, detailing account suspensions and unresponsive customer service. Several users report being manipulated into depositing more and more money into TechBerry, and then having their accounts frozen when attempting to withdraw their funds. Similar reports can be found on Forex Peace Army and TrustPilot.
- Some Reddit users in r/PovertyFinance have left positive reviews, but upon closer inspection, all those accounts have either been suspended by Reddit or have only been created for the purpose of leaving positive reviews. Other, more established accounts, however, report problems similar to those in ScamAdviser in the subreddit r/Scams.
Website Analysis: TechBerry.online
Upon closer inspection of TechBerry’s domain and website data, the following red flags were spotted:
- The Australian Securities and Investments Commission has included Techberry.online in its investor alerts list.
- The Techberry.online domain is registered to a free Protonmail email account, and the administrative contact address is a seemingly unremarkable house in suburban South Carolina. This contrasts with the company’s claims of having offices in the London Shard and Dubai WTC.
- The site was registered on December 21st, 2018, and is set to expire on the same date in 2026. While not immediately condemning, this contrasts with the website advertising high average monthly profits since 2015, 3 years before the site was even created.
The Bottom Line Regarding TechBerry
Given the overwhelming evidence, it is safe to assume TechBerry.online is a fraudulent trading platform. It uses aggressive marketing tactics to manipulate users, it provides bogus information to create a veneer of legitimacy, it lacks any sort of regulatory licenses, and there are numerous reports online calling out their scam.
Should you ever encounter a site like TechBerry.online, or come across someone proposing similar investment schemes, make sure to proceed with extreme caution, do your own independent research, and ensure that the platform is fully licensed and regulated by reputable financial authorities.
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