Explore this My Passive Trades review to understand why this system is a scam that you should avoid.
What My Passive Trades is about
There is also an advertisement and referral program with commissions spread across two levels.
My Passive Trades supposedly will make you up to 1.25% daily returns on your investment.
My Passive Trades scam
The main thing you need to look at is the offered returns. 1.25% x 30 = 37.5% per month. And this is a very high number.
In fact, this is a number that can bee seen with scams only. No legit business can make you 30 or more percent monthly, it the real world it is simply impossible.
So, when you see such an offer, it is a big red flag and you have to be very skeptical.
Illegal investment service
My Passive Trades is clearly an investment service, because it promises to grow your capital thanks to financial trading with no effort from your part. So, it needs a license from a financial regulator.
My Passive Trades supposedly is run by a company called Polaris Universal that is registered in the UK. We could not verify the link between those two names, but it does not matter.
Because what counts is that Polaris Universal is not authorized by the financial regulator FCA, so it cannot offer investment services.
Therefore, My Passive Trades is an illegal investment service in any case.
My Passive Trades review conclusion
Not only My Passive Trades is an illegal investment service, it also is a scam that probably works as a Ponzi scheme. Stay away from it!
If you are interested in making money in financial trading, start on a free demo account to see how it works and what the possibilities are.
You have to learn trading and understand the risks before potentially investing real money.