Is MTI A Scam?

The reputation of Mirror Trading International (MTI) has been marred with criticisms of late. News on scam surfaces on Youtube and social media. Are all of these criticisms or even any of them is true. You will know all about it at the end of this post. A lot of new investors ask the question, Is MTI A scam? The short and long answer is no. Some opportunistic critics lend to the skepticisms. We will look into the finer details to understand more on from where these criticisms come from

Background

Initially, MTI allowed traders to view live trading at the comfort of their mobile screens. Some violated the feature by copying the trading pattern. These violators started selling the signals to third parties. It compromises the profit potential in any particular trade. Hence, MTI stopped allowing members from viewing live trades. It happened after decisive inputs from traders and software developers. It gave the perfect opportunity for some to claim that the company doesn't trade using a bot. To make matters worse for MTI, they cannot disclose the algorithms or EAs to the general public. However, MTI allows members to view completed trades from the back office.

Does MTI have a bot?

Some critics claim there is no trading bot involved. Some go to the extreme to call MTI an absolute facade. Most of the criticism comes from the competition and from people who want to make a quick buck talking about MTI. Investors can be assured that there is a bot doing all of the trades. The critics are just enjoying the conditions, where MTI, unfortunately, can't show live trades. Nevertheless, MTI sends statements daily through email and back office. They do over 500 trades daily. Members can manually verify trades on the market using the opening price and closing price. Moreover, there are tons, if not thousands of old members who have watched live trading on their accounts. When conditions are such, critics will ensure there is skepticism until MTI comes up with more transparent solutions as planned.

MTI is here to stay...

When MTI started, Jonnah just wanted to see the business move to a five-year point. Now it's pretty much around the corner. Not many companies manage to achieve that, especially in the crypto space. Generally, most online businesses don't last as well. Now MTI just wishes to stay for the next ten years to come. Jonnah sets it up in such a way that the business will go on, even without him. He believes her daughter will take over the reins one day. Along with him, the members also see the prospects of business continuing for many years. The business is active when the market conditions are favorable for raking up profits. The company keeps it simple without making much fuss. Ultimately, they envision enriching the overall member experience.

The bottom line is, the skepticism over MTI is not warranted. It comes on the back of criticism from competitions as well as YouTubers trying to make quick bucks.