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.
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.
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.
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.