In this review we explain why we have concern about Reformer AI Trading and its investment offer.
What is Reformer AI Trading
Reformer (RMR) presents itself as a global investment management firm specializing in alternative investments.
Among the offered cryptocurrency services are unified storage, management and high-frequency automated quantitative trading of mainstream digital assets.
The company is also issuing its own ROR cryptocurrency token (ERC20) in Ethereum with an ICO price of 0.01 USD.
The main offer of Reformer is a staking plan with the token USDT. Daily returns are rated at 0.8 – 1.2%, which is 24 – 36% monthly.
Users of the platform can increase their revenue by referring other people to the platform, they can earn 20% on referrals’ deposits across 5 levels.
Reformer claims that it has offices in Singapore, London, Tokyo and the Cayman Islands. Is it a legitimate company that you can trust?
Reformer is a scam
During our investigation we found out that Reformer AI Trading is a scam platform based on an illegal financial scheme. It is destined to fail, the only question is when will that happen. You should stay away from it and here are the details.
Cloned scam
A first look at Reformer revealed that we have already seen this investment platform. Indeed, Galaxy Digital AI Quantitative and Coinhub AI Quantitative are exactly the same, as you can see in our picture below.
Not only the website template, but also the name Reformer AI Trading and the content on the offer reveals that all these platforms are the same. The same scam that has nothing to do with real artificial intelligence, quant method or high frequency trading.
Illegal investment service
There is no doubt that Reformer is an investment services provider. They want you to deposit money and they promise you returns on investment.
It means that Reformer has to be regulated at least in every country it has offices in. But our research revealed that that the company is not authorized in any country.
You can look at the examples of Singapore and the United Kingdom. The Monetary Authority of Singapore and the Financial Conduct Authority say that Reformer is not authorized to provide any kind of financial services.
This means that Reformer AI Trading is an illegal investment platform with no protection for investors.
Just look at the plans
The lesson that everybody can learn with Reformer is that more often than not the investment plans tell the whole story. Because in this case too we see daily returns that are impossible in the real world.
0.8 – 1.2% daily or 24 – 36% monthly is something that is not achievable in trading or any other legitimate human activity. One day or one month with such results is possible, if you are lucky, but nobody can repeat such results over and over.
That is something every seasoned trader will confirm to you, if they are honest. 20 – 30 % monthly returns are something that only scams will promise. The weird thing is that they often can pay such returns for some time. How is that possible? Continue reading.
ROR token
The most recent development about Reformer AI is that it is offering its own cryptocurrency called ROR. There is a billion tokens and each one is being sold for 1 cent.
ROR is not traded on any exchange, it is just an ERC20 in Ethereum. It has no value and it will have no value because it is issued by this Reformer scam. So don’t buy it.
How Reformer AI Trading works
In its official materials, Reformer clearly shows how it works. You can see a multi level structure that rewards users for referring new depositors to the system. It’s an obvious Ponzi scheme.
How does a Ponzi scheme work? It does nothing fancy, no trading or investing, it just moves money between users. When a new user deposits money, that sum is divided and send to people that are in their upline.
In other words, newer members are paying older members and hoping that more people will come after them to earn them money. This is why these schemes always fail in the end, the only question is when.
No profits earned in a Ponzi scam like Reformer AI Trading is legit, so you should not try to enter it at all.
Reformer AI Trading review – Conclusion
Reformer AI Trading is an illegal investment scheme and a cloned scam. It doesn’t do any trading or investing, it just plays an illegal financial game with money.
Their ROR crypto token is just a money grab, don’t buy it, it is useless and worthless. Reformer is going to collapse, so you don’t want to be part of it.
This piece is seriously inaccurate, and obviously does not fully understand the nature of a Ponzi scheme. The writer obviously has no knowledge on how the Reformer platform actually works and is based on inaccurate observations and conjecture. It should be removed.
Can you elaborate?
Does this sound familiar to you? A person tests you and it’s the WRONG NUMBER.
The wrong number person chats you up and she’s Japanese or Chinese and has an average American name, like Hannah.
She then asks to be friends. After that she tells you of this great opportunity to get bitcoin or invest.
She then takes you to this reformer website after walking you through installing the Coinbase wallet.
It differs slightly, but you’re not the only one! Some folks on reddit and imgur had this same thing happen to them.
Even if this isn’t a scam for some reason, they do encourage scummy processes to get you involved.
This is an interesting topic, I often look at the disclosures on this site and they are assessed to be accurate at about 50%. But I would like to know more about what is wrong with this platform rather than guessing.
What in the review is “guessing”?
Has anyone actually tested it? There is no point in speculating
Knowning that you should not jump under a bus is not speculating.
I agree with you Jason I’m in the project it works great and I’m doing well in it.
Yes I’ve invested and now all my money is frozen declining withdraws. They say it’s due to an “audit”.
Clone scam? But I own coinbase, Binance , Kraken, FTX. if they all unite their logos. I will be lost. Because all the platforms are copying each other’s layout, they don’t have any spirit of innovation.
You own Coinbase, Binance, Kraken and FTX?
By the way, cloning a legit business is very different to cloning a scam.
The meta-universe is definitely the mainstream of the future. The token schemes that are developing in the market now, I think will eventually become the currency of the meta-universe. People can use tokens to spend and shop in the metaverse.
God, please let these ignorant people go, I care more about the person who posted this article. He looks like a child to me. Not daring to accept new knowledge. Always stuck in the old financial system. 80% of the world’s wealthy are moving assets to cryptocurrencies. Are you guys smarter than those millionaires?
If you want to address specific points of the review, I am happy to discuss.
I don’t think Reformer’s returns are inflated, so please analyze it rationally. Now the discussion here is about cryptocurrencies, not stocks. Please don’t use your ignorant knowledge of stocks to judge how profitable the new space is. This is regret from a veteran cryptocurrency player who missed out on bitcoin and dogcoin.
Tina, Paddy, Alexandra, posting here under different names does not make your comments look legit.
Also, I don’t need to jump under the bus to know that it is a bad idea.
I don’t know who the author is, I myself do IT. I have checked that all your domain names are ***************. As an investor, do you think I can trust a scam from an illegal website? The funny thing is. While you think this project is fake, you are recommending us to buy NFT. Are you conflicted? Please don’t be angry, I’m just thinking from an objective point of view
So now you are trying false accusations. Cool.
Also, what is wrong about selling NFTs as a token of support for the work I do?
As an IT guy, I’m very equally curious as to why this review site isn’t regular and your site tries to hide the real domain name. And I do find the domain name behind you full of lead generation investments. Why do you have so many fake domains on your site? I don’t need to jump under the bus.when a fair and unbiased exposure site would recommend NTF which is collapsing. Because I think you are full of unknown motives. Or how much money did you charge to help NTF to promote and then attack other sites?
I’m sorry but you have to learn how to formulate phrases in order to make any sense.
What domains are you talking about?
Also, where on this website do you see anything about NFTs?
Are you the guy behind the DDoS attacks against this website? If so, I have news for you, everything has been reported to the police.
LOL, clown tricks. Don’t you Twitter make for-profit recommendations NTF? I can already smell your ugly faces when a public interest site starts linking to profit. No matter how you try to cover it up. Don’t you dare say your Twitter site doesn’t recommend NTF? Instead of being a hypocritical liar. It seems you are nervous after I exposed your interests and even tried to link me to the people who attacked the site. lol, your tweets reek of capital. Twitter is all about recommending your NTF, true ugly face. Please all here go check out their tweets. Every single post has nothing to do with exposing information, it’s all about recommending TBBOB tokens. You are exactly the same as the disclosure sites. Just a capitalist lapdog. Of course, you are even better at hiding your motives.
1) Again, where on this site do you see anything about NFTs? You are trying to prove that my motivation to write the Reformer AI Trading review is to sell NFTs. The only problem is that people who google the review and come to this website to read the review will never even know that I have NFTs. So your theory is DOA.
2) Again, I am not recommending any NFTs on my Twitter account, you are hugely mistaken. I am just selling my own NFTs that are, since day one, presented as a token of support for the work I do at TBBOB. The NFTs are not meant for speculation, I never said they will make people money. I have always been saying: If you support the work I do against scam, you can buy one of my NFTs – you will give me money to run the TBBOB website and warn people against scams. In return for your support you will receive an NFT.
Do you now see how wrong you are? Do you see how laughable your accusations are?
Stop your ugly face and don’t cheat others to buy NTF. the person who believes you will end up losing all his money. And how much do you really get in dividends? I speak up for justice and I have freedom of speech. Please make sure that the FBI contacts me and then let me expose your ugly face to the media.
1) Again, where on this site do you see anything about NFTs? You are trying to prove that my motivation to write the Reformer AI Trading review is to sell NFTs. The only problem is that people who google the review and come to this website to read the review will never even know that I have NFTs. So your theory is DOA.
2) Again, I am not recommending any NFTs on my Twitter account, you are hugely mistaken. I am just selling my own NFTs that are, since day one, presented as a token of support for the work I do at TBBOB. The NFTs are not meant for speculation, I never said they will make people money. I have always been saying: If you support the work I do against scam, you can buy one of my NFTs – you will give me money to run the TBBOB website and warn people against scams. In return for your support you will receive an NFT.
Do you now see how wrong you are? Do you see how laughable your accusations are?
You guys do great work and I want to thank you for pointing out this obvious scam. I have relatives that have bought into this and I tried to tell them I smelled an MLM ponzi. You did an excellent job pointing out exactly how returns like this are too good to be true. You saved many from investing foolishly. Keep up the good work and I thank you for trying to save the ignorant before it’s too late.
Scam so far no been in program a while and have been doing well some days better then others however they never tried selling me there token and according to them it will not even be available for purchase or anything else till year end website dometime October so please explain to me where you found your info
It’s not a scam at all. I know the folks personally that run it. It’s legitimate and it’s being backed by big money.
Backed by “big money”? Who? Please provide proofs.
my best friend introduced me to join this platform, and she made a lot of money, but I was still a little worried, so I searched a lot of information, some were true and some were false, and the comments on the site made me even more confused! I sent this website to her. my best friend said she was cheated when she bought NFT. now I really don’t know which side to believe.
For a lot of people it’s difficult, because Ponzi scams do pay in the beginning. So people believe it must be legit because it is paying. But because it is an unsustainable pyramid with no real business, it will crash in the end, that’s a sure thing.
How did this happen, I don’t know what you think, is it because you are jealous when you can’t make money, I made the first money to help Dad build the house, and it’s still going on now
Dad build a house with money from Reforme AI. 😀 😀 😀 Thank you, your joke made my day.
I invested and kept investing. They constantly badger me to get a team of investors and now when I want to withdraw they won’t let me due to lack of investment and only way they will release the money is for guess what….more investment and team investors.
They’re pathetic. No customer services that ever reply. Always changing the rules and when they get upset say I have to goto the head office in person to Singapore as they don’t allow phone calls or emails. SCAM BE WARNED.
I came across this “investment” opportunity about 8 or so months ago, my mom and her friend got invested during their last promotion, and knew it was a scam right off the bat, but I did some due diligence and came across tbbob and his reports, so i didnt invest.
2-3 Months went buy and I saw the results my mom was getting, in the app, thousands in the first 2 months, FOMO kicked in, I fell for the long con, I had to invest some. Put in 1k and watching the dozens of dollars a day just roll in, dropped in another 3k over time, VERY happy with the results. Rerolled in a couple times was getting almost $100 a DAY! and then the KYC popped up, no withdraws without verification, 8 weeks and still no verification. ‘support’ is a chat box that no one connects to.
Reached out to the family friends to find out their whole team was deleted when they questioned about it being a scam.
My numbers are still ticking away, and im sure I could invest more, but I doubt I will never be able to withdraw.
Was a little bit fun, but an expensive journey.
I should have listened tbbob, you knew. You fu*king Knew.
🙂 Feel free to rub it in. Keep up the good work, get these MOFOS.
Sorry to hear that. But yeah, that’s why Ponzi scams are so attractive and keep getting people, they pay in their early phases, so they might look legit.
I invested a lot of money into the Reformer as did many of my friends and watched our “earnings” add up to each day, it was fun, it was exciting! But when I went to finally make a withdraw it was to no avail. They give excuses such as they were running an audit, must put more money in to prove you can pay taxes on the money you’ve earned, more and more excuses etc. I have not been able to get any of my original investment back out or any of the money I earned in interest everyday that was promised by these scammers.
Well I would like to know where all this information is coming from could I get a name a number a email address anything that I can research my self someone that I can actually talk to I am invested and xan identify with what’s being said but I would love a number to contact the KYC people the reformer people????????reaching out fir help in this world of educated people