Thanks to our review you will understand why Deal Trade is an investment scam that is destined to crash and lose money.
What is Deal Trade
According to its official website, Dealtrade.io is an international trading company that operates on cryptocurrency exchanges. It uses a number of trading methods that allegedly generate high profits.
Anybody can invest with Deal Trade and get a share of the results. The company has a single investment plan with 3% daily returns, including weekends. The minimum deposit is 10 USD.
There is also an affiliate program that can earn you 10% of your referrals’ deposits across 3 levels.
Is Deal Trade a legit investment opportunity? Unfortunately it is not and here is the explanation.
Deal Trade scam
The truth is that Deal Trade is a scam. It is not an investment opportunity, the company is fake, there is no real cryptocurrency trading going. It’s just an illegal financial scheme that is doomed to collapse.
Here is a detailed explanation along with proofs.
Deal Trade is trying to convince you about its legitimacy by showing you a company registration from the UK. The first thing you have to know is that the registration is only one month old and that it is in fact just a tax registration.
Almost anybody can get such a registration, the legitimacy of the business is not verified when applying for this registration.
Any investment service in the UK needs a license from the Financial Conduct Authority (FCA) to be legit. But Deal Trade is not registered with the FCA, so it’s an illegal investment service.
People who run this business are breaking laws in the UK with their Deal Trade offer. That is a fact. Investment with this program are not protected in any way.
No real partners
Deal Trade claims that exchanges and brokers such as Binance, RoboForex, Grand Capital, KuCoin, FiboGroup and BitMex are partners of this investment program. But they are not.
There is no association whatsoever between these companies and Deal Trade. These companies do not endorse Deal Trade in any shape or form.
And finally, the plan…
We could have started our Deal Trade review with this, because it’s the one thing that is screaming that this program is a scam. It’s the investment plan with 3% daily returns.
People often don’t want to hear that, but 3% daily or 90% monthly is an extremely high number that is impossible to achieve on a regular basis in any legit business. That’s the truth.
So yes, it is that simple, when you see an investment offer with steady 3% daily returns from an unlicensed company, you can be 100% sure that it is a scam.
With their referral program Deal Trade would have to be able to more than double your money every month, which really is just impossible. In investing you can have a very good month and double your money, but it will be exceptional and certainly cannot be achieved every month.
Any you certainly can have a day when you make 3%, but you most certainly can’t repeat that every day. It’s given by the nature of financial markets that are constantly changing.
How Deal Trade really works
Deal Trade is a scam, that is a sure thing. The only question is how it operates. If it ever was paying profits, it started as a Ponzi scheme. This type of scam uses older deposits to pay the latest profits. In other words, it takes money from newer members and gives it to the older ones. Which of course is unsustainable and destined to collapse.
If Deal Trade is not paying at all, it’s just a simple scam that is stealing money from people. Either way you should not invest any money with Deal Trade.
Because even if it is still paying, it is a Ponzi scheme that is illegal and that is going to crash any time. You can’t make any legit profits in such a scheme, somebody always has to get scammed, there is no other way.
Deal Trade review – conclusion
Deal Trade is a scam. It’s an illegal financial game, an unlicensed investment service that is sure to collapse, the only question is when. We strongly recommend staying away from it!
If you are interested in legit investing, you can try a free demo with a regulated company.
If you later decide to switch from the demo to a real account, please be sure to understand the risks associated to investing real money.