In this review we explain why you should not invest money with Stamford Trading Technologies.
What it is about
What kind of profits? It varies, there are several schemes, you can allegedly get 5% per week or for example 22.5% per month. This means that with the compounding effect profits are allegedly up to 1264% per year!
And all this seemingly for free. Isn’t that strange? Of course it is!
First, we investigated about the Stamford Trading Technologies company. We found it in the Irish companies register, it was established at the end of 2016. We also found that the same address is shared by Stamford Trading Systems.
The next step led us to the Central Bank of Ireland to verify that Stamford is authorized to provide investment services. But we could not find any trace of this company in the financial register, which means that it is not authorized to provide investments services.
Obvious Ponzi scheme
More than 20% per month or more than 1000% per year speak clearly, we are dealing with a Ponzi scheme here. This is also supported by the fact that Stamford features in several HYIP (High Yield Investment Program) monitors.
This means that Stamford is not doing any real investment activity, they just collect money from the public and pay the returns thanks to new deposits. This is how Ponzi schemes work, until there is not enough new deposits or until the owners decide to run away with all the money. Then they collapse.
Stamford Trading Technologies is a Ponzi scheme, which is extremely dangerous. The company certainly is not authorized to provide investment services, it is not doing real binary options trading.
If you want to see how binary options trading works and what kind of returns are really possible, try a free demo account with a regulated broker.
You first have to build a profitable strategy in testing before you can start trading with real money.