Thread by @stealthy_wealth

Let's see how Mirror Trading International (MTI) does in the scam exam

[THREAD]

Whenever you are wondering if an investment is legit, run it through this checklist. If it ticks even one of these boxes, it's a possible🚩

Okay, so how does MTI score...

https://twitter.com/stealthy_wealth/status/1267346712823246848?s=20

1) Offers returns more than 12% p.a.✅
2) Quotes returns monthly✅

They say they doing 10% a month - that's roughly 240% per year! Ja sure...

Those returns mean a R2000 one off investment will turn into R185.4 Million in 10 years.

Well at least they not promising the moon...

3) Claims the investment is no risk (1/2 mark)

Okay I will give them half marks for this one. They don't directly claim it is no risk, but this seems dubious at best.

4) Encourages you to get others to invest/join✅

Yeah, they don't try hide this one.

Get two people under you, one on the left and one on the right - seems like they arranging it into a scheme that has a shape...triangular...no pyramid.

If only there was a term for that...

5) Is offered by a company not registered with @FSCA_ZA ✅

I couldn't find any FSCA registration details anywhere on their website.

Okay, time to tally up the marks

4.5/5 - and Mirror Trading International (MTI) scores a solid 90%.

Scam passed with distinction!

Stay Away! 🚮

And always remember the number one rule - if something sounds too good to be true, it usually is!