In this review you will learn that Antares Trade is a scam that has nothing to do with real trading and cryptocurrencies.
What is Antares
Antares Trade is an investment platform founded by Alex Richter that is focused on earning money for its users. The platform is very complex, there are several investment programs, several cryptocurrency tokens, trading robots etc.
The most important part of the offer is the investment programs that promise up to 102% monthly returns.
The blockchain, DeFi platform and tokens AND, dANT and Boco are allegedly very secure and audited.
Should you trust this platform with your money, is Antares legit?
The short answer is that you can’t trust the Antares investment platform because it is a scam. In this review we will go through some of the main aspects of this scam.
The only reason why anybody would consider Antares is of course the profits. And the offer is juicy, up to 102% per month. Doubling your money every month is certainly very appealing, but also impossible in the real world.
Nobody would be working if it was possible to double money every month in a passive way, just by investing it on a platform like Antares Trade.
If it was possible to double your investment every month and you kept reinvesting the profits every month, you would multiply your capital 4096 times in one year. So you would need to start with just 245 dollars to be a millionaire after one year. What does common sense tell you?
The official Antares website mentions three different cryptocurrencies that are part of the project: ANT, dANT and Boco. The first bad news is that none of these tokens currently exists in a public form. We looked at Coinmarketcap.com and these tokens are not listed anywhere, which means they are not traded anywhere.
Blockchains are normally public, so should ANT, dANT and Boco exist, their code would be publicly available, you could explore their chains and the tokens would be traded at some exchanges. But they are not.
Also, Antares makes an absolutely outrageous claim about how the price of the ANT token will steadily increase over time. They say that the starting price is 1 USD, that by the end of the year it will reach a value of 1,000 USD per token and 2,000 USD next year.
When anybody makes such predictions for the price of their token, you can be sure that it is a scam. Cryptocurrency prices are decided by free markets and nobody knows what will happen in the future. You can only speculate.
No matter what Antares says about its offer, it obviously is an investment service. For example the Antares Forex Bot clearly is an investment service because it will trade on your behalf on Forex.
Therefore Antares needs an investment license valid in every country it wants to have customers in. Since it allegedly is based in Hongkong, it must have a license from the Securities and Futures Commission (SFC).
But Antares is not registered with the SFC as you can see in our picture and verify by yourself on the website of the financial regulator.
This means that Antares is an illegal investment service at home in Hongkong and every other country that regulates financial services (almost everywhere).
How Antares really works
Antares is a scam that is doing no real business. It certainly does not have any profitable trading robot nor any real and valuable cryptocurrency.
Antares is an obvious Ponzi scheme that is taking money from people and might pay some profits, but only for a very limited period of time.
It is a very sophisticated MLM scheme that seemingly has a ton of different services, but nothing really useful or valuable. It only takes money from newer members and gives it to older members. Which means that it is doomed to collapse.
It might have a useless cryptocurrency and make its use on the platform mandatory. Scams often do that, this way they can present you with fake profits in a cryptocurrency that has no real value. And when the scheme collapses, you won’t be able to cash out. Bitconnect pioneered this approach and it left a lot of scammed people behind.
Scams like Antares might earn money to a few people but the majority will always lose. It always is only a matter of time before such a fraudulent program collapses, so you really want to stay away from it.
Antares review – Conclusion
Antares is a scam, the investment program offers impossible things and it will collapse. Stay away from it!
It is possible to make money in investing, but it is not easy. You can try it on a free demo with a regulated broker and see how you can do.
If you decide to invest real money, you must first understand the risks and prepare a trading strategy.