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Apart from the lime color scheme, everything else about TradePorters is the same as the cloned platforms. Yes, Trade Porters is yet another cloned crypto investment platform. The platform’s design is similar to AtlanticFxMarket, Fxtradingway, HaceTraders, SuperFXNetwork, and more. Sadly, some investors have deposited funds with this ridiculous platform. We plan to expose the lies found on the platform with ease. Join us as we explore the dark crypto investment platform in our detailed and thorough TRADEPORTERS REVIEW.

A Brief Overview of TradePorters

TradePorters Review

According to the disclaimer at the footer of their homepage, the platform is run by professionals. It’s astonishing to think that these professionals think they can fool us. For one, we already know the platform is a fluke.

It’s not to say that you can’t make money with crypto investing; you can. However, the proven way ensures your investment is in professional and safe hands. These include Coin staking, DeFi, and Masternoding; try out these options for a realistic way of making returns.

There are message pop-ups on the platform showing investors making money. We have seen this type of hype before. In the early 2,000s, scam artists used the same tactics to sell their services to naïve investors.

Today’s investor has a better chance of knowing a true platform from a clone. We expose all platforms that try to take advantage of investors. In addition, our reviews help educate and inform users on the risks involved in crypto investing.

Accounts available when trading with TradePorters

TradePorters offers a single account for trading on their platform. But, unfortunately, the single account has no available trading conditions or features. So what we have is a call to sign up and start trading with their platform.

Although they claim to have several investment plans, there’s no mention of these types. Instead, investors are hyped by the claim they will watch their daily profits live. All these might be the reason why most are depositing huge amounts with the platform.

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Once you deposit funds, the platform will eventually start trading on your behalf. You might see several positive trades. We still don’t know who does the trade, a professional or a robot. The account balance will increase as days go by.

It gives false hope to members that the platform actually works. When withdrawing funds for the first time, that’s when all hell breaks loose. No one gets to withdraw a penny, even their initial deposit. 

And this is why we have to flag this platform down.

Account opening procedure

The procedure is straightforward and takes less than fifteen minutes to complete. First, you need to fill in your address, contact, and full names. With these two, the platform already has ways to contact you.

That’s when the calls start coming in from different people claiming to be account managers. For one, we don’t know whether these are professionals. Two, there’s no mention of any staff member on the team.

As we pointed out earlier, the withdrawal process is where things come to an abrupt halt. You no longer get the calls once you decide to withdraw. Instead, the platform will block your contact and pretend you didn’t exist.

That’s what has been happening to members on the platform. With the platform being a clone, we believe this is an attempt to target wealthy investors. The people behind this platform have laid a trap with several platforms.

What they didn’t count on was our ability to do due diligence. We believe it’s our prerogative to protect the interest of investors. There’s the growing need to protect the investment world from woosy platforms. 

Are funds safe with TradePorters?

Safety of funds with TradePorters

Your funds are far from safe with a platform that’s hiding their true identity. Furthermore, the platform does not offer any insurance cover to members. Therefore, once you deposit funds, you are at the mercy of these unscrupulous persons.

The problem with an unregulated platform is the safety of funds. There’s no telling what the platform will do once you deposit. They may transfer funds to an offshore bank account. So segregation of accounts is out of the question.

What looks like a genuine platform from afar is nothing but a disastrous way of investing. Those that have signed up are ruing the decision. We only hope that our review will help point out the red flags on the platform.

Make sure to stay away from the platform and ensure you don’t accept calls from their agents. These account managers are nothing but call agents. In addition, you should beware that they receive their commissions from the deposit you send.

Business owner

The disclaimer at the footer of the homepage shows Tradeporters LTD as the company behind this platform. Unfortunately, there’s no such company existing on any database. We checked with several Company registers in Europe and the United States.

Anonymity is a clear feature on the platform. No one gets to know anyone working behind the curtains. And this should be a concern for all investors. So when making an investment decision, make sure to check for transparency.

The platform in which you will be investing should have clear details as to who runs the operation. When you notice the platform is acting weird by not revealing their identity, stay away from them.

Contact and support from Trade Porters

We used live chat to try and make contact. You have first to leave your email and wait for a response. The platform could as well be harvesting data from members. What’s the use of sending your email contact via live chat?

The response was quick, but we believe this is a bot. When we asked about the different investment accounts, we were asked to contact the account manager. Unfortunately, there’s no other point of contact. 

You don’t get to see a phone number on the website to try and contact the team. Instead, the account manager only calls you when they need members to deposit more funds. According to them, the more you deposit, the higher your chances of winning.

Domain records (tradeporters.com review)

False Testimonials Trade Porters

According to domain records, the website is 127 days old as we publish this post. So what we have is a cloned website pretending to have years of trading experience. The people behind this want investors to believe they are a reputable online investment platform.

There’s also a concern regarding the server they use to host their website. The server has been used to host other investment websites. An excellent example is the other websites with the same design.

We believe these could be a professional outfit that is using the same domain. What’s weird about it is the IP address which points to Amsterdam, Netherlands. The website is a high risk as most search engines don’t rank it.

Is TradePorters Licensed or Registered?

TradePorters is not a registered entity and does not hold a valid license. Furthermore, the platform does not provide a single shred of evidence proving they comply with regulations. Without oversight, members are at the mercy of the owner.

A legal platform will ensure all parties are protected. There are no harsh trading conditions, and your deposit is protected. However, the platform does not hold any license, which makes it a risky investment option.

Avoid interacting with such platforms as there’s no security cover. Once you sign up with the platform, you won’t get the much-needed protection from the regulator.

Bottom line

Can I deposit or withdraw with ttradeporters.com?

The platform is a clone, and we have to add it to our blacklist.

Get the best out of investing by joining reputable investment platforms.

If you have any questions, feel free to leave a comment or email us. We will be happy to oblige.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Tesla and Elon Musk’s Didn’t Sell Their Bitcoin Holdings, and They Won’t

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Tesla reported a $23 million impairment on its bitcoin holdings. This is because for the reason that is considered a list of assets. which means that under Generally Accepted Accounting Principles its value gets to be recorded at the smallest price bitcoin hit in the quarter.

It was in May which Musk announced that Tesla would no longer accept bitcoin for its products.And they made this decision because of environmental concerns over bitcoin mining’s use of coal and other fossil fuels. At the beginning f this month, however, Musk said bitcoin’s environmental profile is getting better and that Tesla would probably resume accepting bitcoin for its payments.

“The speculation that has ensued around our specific plans for cryptocurrencies is not true,”. That was a spokesperson idea.

Amazon has announced and flatly denied a British newspaper’s report that the e-commerce ghoul was planning to accept bitcoin (BTC, -3.52%) payments by the end of the year.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,”. “We remain focused on exploring what this could look like for customers shopping on Amazon.”

City A.M., which is distributed for free on the London Underground published a report, quoted a single, unnamed “insider”. Nevertheless, many quoted it as one reason for the bitcoin price’s bounce back after dropping under $30,000 last week.

After that Bloomberg reported Amazon’s reluctance about using Bitcoin , the price started retracing some of the day’s gains. On the financial data provider’s flagship terminal, but promptly signal-boosted by ZeroHedge. As the spokesperson’s comment offers, Amazon is testing the situation.

Last week the company said it was looking to hire a “digital currency and blockchain product lead.”

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Review

Bitcoin is in rally mode, Possible Trend Reversal on the Weekend

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Bitcoin has a very swingy and rally mode. It was representing its largest daily gain in six weeks. Since shorts covered positions over the weekend. The cryptocurrency was trading around $38,874 at time of this report and is up 14.5% over the past 24 hours. Sentiment changed and moved from excessive bearishness after a sharp correction in May and two months of stabilization between $30,000 and $40,000. Some of the analysts anticipate further upside and view the recent bounce as a trend reversal.

“We turned bullish last Wednesday but weren’t expecting the short squeeze to happen quite so soon,”. QCP Capital talked about in a Telegram chat. “We’ve been pleasantly surprised by how supported the market was after Wednesday and sentiment flipped decisively bullish into the weekend.”

“This move higher feels more like a bounce back into a neutral state after being overstretched to the downside below $30K,” QCP mentioned. “The real pain could be lurking from short gamma positions above the $40K level.”

“Bitcoin momentum is back, and incremental endorsements on Wall Street could easily be the catalyst to help prices rally towards the $45,000 level,”. It was Edward Moya’s saying, strategist at Oanda. Blockchain metrics are also representing positive signs for bitcoin.

“Bitcoin has slowly trickled back into the hands of longer-term holders throughout these months after the dramatic sell-off from all-time highs in May,” Sean Rooney said. He is the head of research at crypto asset manager Valkyrie Investments.

“Historically this trend of entities that hold long term does not reverse quickly, which will likely result in further advance in price as we move towards Q4,”. Rooney continued.

Pressure on stablecoins

The strong leap in bitcoin over the weekend happened as shorts covered positions. Hardly 2,000 short positions were liquidated over a two-hour period,. This data was according to data from CryptoQuant. The short-squeeze rally happened in spite of regulatory pressure surrounding stablecoins.

“The short order liquidation amount in the past hour reached $640 million, which is the largest single-day liquidation volume in more than two months,”. WuBlockchain in a tweeted that on Monday.

Bitcoin Price Range

A strike price of $40,000 represents the largest source of open interest for the upcoming bitcoin options expiry this Friday, which could be a source of volatility.

“BTC has been range bound between $28K-$43K and most expect an upside squeeze to occur on a break above $40K,”. Coinbase wrote about it in a newsletter to institutional clients on Saturday.

“But with overwriting strategies forced to settle on lower strikes ($35K-$38K), a sharp short-covering rally will likely begin from lower levels,”.  Coinbase also continued.

Investors dragged money out of digital-asset funds as bitcoin dropped under $30,000 last week. Based on a report published on Monday by CoinShares. Outflows accrued with negative sentiment that preceded a near-24% price jump in bitcoin over the past week.

On Monday’s crypto price rally ,bitcoin increased above $38,000. This could cheer digital-asset inflows because many investors have been on the sidelines since the sell-off in May.

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Review

Altcoins’s Price Analyze in The Market

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USDT holds dollar peg: USDT has mostly kept its dollar peg since Bloomberg reported Monday that the U.S. Department of Justice is investigating Tether, issuer of the biggest stablecoin, for probable bank fraud. The token, which works as crucial plumbing for the $1.6 trillion crypto market. It traded at $1 for most of its record. However, past scares made it to lose parity with the greenback, but not permanently. In 2018, for example, USDT dropped to as low as 92 cents in the middle of concerns about its collateral and about Bitfinex. The crypto exchange that shares owners and managers with Tether. The reflex to the latest news is mild by comparison.

Altcoin rally:Bitcoin’s price surge at the beginning Monday headed to a rally in so-called altcoins. With aave (AAVE), chainlink (LINK) and bitcoin cash (BCH) notching double-digit percentage gains. Aave, an open-source and non-custodial protocol that performs on the Ethereum blockchain that allows users to lend and borrow a range of crypto assets. It has climbed 18% in the last 24 hours, based on professional annalists data. Chainlink, a decentralized oracle network, was trading at $19.17.It was representing a 14% gain in the last 24 hours. Bitcoin Cash, the blockchain that forked off Bitcoin in 2017, had a rise to 13%.

Uniswap Labs Limits Access to Some Tokens: Uniswap Labs is limiting availability to some tokens. It is including tokenized stocks and derivatives on the protocol interface that it backs up. However, the software development studio mentioned in a blog posting Friday. That news comes days after U.S. regulators’ announcement that they would scrutinize these types of decentralized finance (DeFi) products more and more. Uniswap quoted an “evolving regulatory landscape” in explaining its decision.

Pressure on stablecoins

The strong leap in bitcoin over the weekend happened as shorts covered positions. Hardly 2,000 short positions were liquidated over a two-hour period,. This data was according to data from CryptoQuant. The short-squeeze rally happened in spite of regulatory pressure surrounding stablecoins.

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