Weex
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The Copy Trading looks scammy .......
The Copy Trading looks scammy ....... In recent days this happened ...... BTC has been flatlining between 77.300usdt and 79,000usdt for the last 2 weeks. An "elite" trader I copied took a long option when BTC was at about 78,000, but the trend was downwards. Another took short trades when BTC was at 77,300 when anyone can see it will go up like it has - now about 77,900. The first time might be called an honest mistake, the second it looks deliberate. Because BTC has been flatlining in that narrow parameter the only way you'll make any real Money is either investing a lot to capitalise on the miniscule fluctuations or use a lot of Leverage (weex offers 400x). The problem is the slightest move against your Option with that sort of Leverage will liquidate your Margin and lose your Money completely. They know this, which is why these "elite" traders invest in BTC. What reinforces this is how, while they drain your Money or earn you Pennies on a rather stale BTC, Utility Coin shot up from 0.000370 usdt to 0.00450 today. IN ONE DAY. A professional real Trader would have seen and acted on this. So it's like they deliberately lose your Money which goes to the Platform and don't make you any Money at all. I asked Google AI about this and they not only agreed with me 100% they added to the criticism. And to confirm all this BTC is now reaching 80,500usdt - 2000 usdt more than the so called "elite Trader" had thought it would go down from. Exactly the opposite of his supposed expert Trade. Either he's not as professional as he claims or he is in cohoots with Weex to deliberately lose People's Money - which goes to Weex. Good luck contacting Support to complain about this. I went to it and got a live Agent called "Fan_bo" (yeah, like that's a real Name) and all he could say many times was "trading is risky". No comment on the deliberate losses, no offer to reimburse the obvious Scam, no official complaints procedure - nothing. If the supposed "elite Trader" was a City or Wall Street Broker who deliberately lost a Client's Money he would face prosecution and gaol. And to show how much damage this did, if the so called "elite" trader had made the honest and obvious decision and placed a long Trade, BTC has gone up from 77,200usdt to 81,000 and this would have made 98usdt instead of reduced Margin. It happened again ..... This time the so called "elite trader" took 2 short options when BTC was on an upward trajectory. It went up so much it triggered the Stop Loss on both and reduced the Copy Balance by half. It continued upward and would have liquidated the investment to nothing. Then, it flatlined for a while and dropped significantly. Sources tell me that it is possible someone - maybe associated with the Platform and/or the Trader - could manipulate BTC price by $700 to do this. It causes a cascade effect of others buying it while multiple Stop Losses add to the Price by selling back remaining Coin. It does start to look like it's manipulated against the Retail Trader.