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TrageTech Review: Is It a Ponzi Scheme?

Todd Clark
TrageTech Review
Source - OpinioGem

In today’s digital age, it’s easy to come across investment opportunities that promise high returns with minimal effort. TrageTech is one such platform, claiming to offer daily profits and a secure way to grow your money.

But with so many scams out there, it’s crucial to dig deeper and find out if TrageTech is as good as it sounds—or if it’s just another Ponzi scheme waiting to collapse.

This review will break down what TrageTech is, the red flags you need to watch for, and whether it’s a safe place to invest your hard-earned money.

What is TrageTech?

TrageTech says it’s a money-making platform that gives you daily returns of up to 1.2%. It works like an MLM (multi-level marketing) scheme, where you can reinvest your earnings and withdraw funds in 48 hours.

The company claims to be legitimate because it’s registered with the SEC, which makes it seem more trustworthy.

TrageTech
From TrageTech.com

Setting Up Your Account

When you visit the TrageTech website, you’ll need to create an account. It’s simple. Just enter your ID, make a username, and provide your email address.

After confirming your email, you’ll get a verification code to finish your registration.

You’ll also set up a PIN, which is important for making transactions on the platform. This PIN will protect your withdrawals and other important actions.

Using the Dashboard

Once you log in, you’ll see the main dashboard where you can manage all your trading activities. The first thing you should do is activate your account.

If you sign up before the end of July, you can do this for free.

Activation is important because it lets you start earning money through the Arbitrage wallet, where the trading happens.

Why KYC Verification Matters

TrageTech asks you to complete KYC (Know Your Customer) verification.

This step is key because it keeps your account secure and helps solve any problems with transactions or payments.

After you’re verified, you’ll get a referral link that you can share to build your network.

Managing Your Wallets

The TrageTech dashboard has different wallets for different purposes.

The Arbitrage wallet is where your funds are traded daily, and your earnings show up in the Dividend wallet.

Once your dividends reach $10 USDT, you can either withdraw them or reinvest them back into the Arbitrage wallet to grow your trading capital.

There’s also a Privilege wallet, but we’ll explain that in more detail later.

Building Your Team

One cool feature of TrageTech is its compensation plan, which rewards users who build strong teams.

The system works best when you focus on creating three strong branches in your network.

As your team grows, so does your earning potential.

The dashboard lets you track your team’s progress and see how much they’ve invested, helping everyone stay on the path to success.

Reports and Updates

The dashboard has a report section where you can check your earnings and performance.

This is helpful for keeping track of your Arbitrage dividends, rank dividends, and other income from your trading activities.

The platform also provides regular updates to keep you informed about any changes in the system.

Is TrageTech Legit?

Even though TrageTech is registered, there are big questions about whether it’s legit. The SEC filings don’t match what the company promises, making its operations look suspicious.

Also, the use of a shell company in the Marshall Islands could mean they’re trying to dodge the law.

1. Misleading SEC Registration

TrageTech’s SEC registration is mainly for show. The filings aren’t linked to the “Arbtech” trading bot they talk about, and they’re only allowed to offer securities to accredited investors. This is a major warning sign.

2. Delayed Payouts

Many users have reported that their payouts are delayed, with some waiting more than five days. This raises concerns about whether TrageTech has enough money to pay everyone.

3. Shady MLM Structure

TrageTech follows a common MLM crypto Ponzi model, depending on new investors to pay out existing ones. If recruitment slows down, the platform might collapse, leaving investors with losses.

4. Shell Company in the Marshall Islands

Using a shell company in the Marshall Islands, along with questionable SEC filings, suggests they might be hiding something. This kind of setup is often linked to fraud.

5. Falling Traffic and Interest

The website’s traffic is dropping, especially in countries like Vietnam. This decline hints that TrageTech might be losing users, which is bad for its MLM model.

TrageTech trustpilot
From Trustpilot

TrageTech Overview

Website DetailsInformation
Domaintragetech.com
RegistrarAtak Domain Bilgi Teknolojileri A.S.
Registered OnJanuary 15, 2024
Expires OnJanuary 15, 2034
Updated OnAugust 1, 2024

Conclusion

TrageTech shows many signs of being a possible Ponzi scheme, even though it tries to look legit.

The misleading SEC registration, delayed payouts, and dependence on new investors all suggest it’s risky and could be fraudulent.

Investors should be very careful and do thorough research before putting any money into TrageTech.

Exnori.com claims that users can buy, sell, and trade different types of digital money, like Bitcoin.

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Clark is a 26-year-old expert working for consumer protection, Clark has dedicated years to identifying and exposing fraudulent schemes. He is working with NGOs to help people who are victims of scams. In his free time, Todd plays football or goes to a bar.
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