Versecopytrade.com solicits funds from investors. The website masquerades as a legitimate and licensed financial planner.

Versecopytrade.com implies that it is offering a wide range of profitable financial products to its clients. The website is posing as your “personal financial manager”.

They also imply that funds collected from clients will be invested in Forex, Crypto, Agriculture, real estate, start-ups, fixed income and in other areas.

Unfortunately, Versecopytrade.com has the hallmark of a classic Ponzi scheme.

Do not sign up because this website is thriving on lies just like TradeLandfX and MetaVerxia.

Versecopytrade.com review

We discovered that this website is a scam because of the following reasons:

1)Misleading content on the website claims that Versecopytrade is currently managing $649 billion in assets.

2)The website was registered and launched in April 2023 which means they don’t have the alleged track record.

3)Versecopytrade does not have a license that allows them to legally act as custodians of investors’ funds.

4)The copy-trading service which they claim to offer is not transparent since those traders’ track record is unverifiable.

5)The website is offering bogus investment plans referred in percentages and pips.

6)The scammers require a minimum of 1 BTC in order to start trading for you.

7)Their US physical address is misleading as the company is not present in the said location.

They refer to themselves as a “professional portfolio management” company.

This is quite interesting because no one has ever heard of Versecopytrade.com. We’re even trying to find out who owns or runs the website but to no avail.

The scammers have refused to disclose this information.

The truth about Versecopytrade which they don’t want you to know

This is a very sophisticated Ponzi scheme that uses the right sales pitch to rope victims in.

The minimum deposit requirement is very high because this is how they pay “returns” to lucky investors who have shown willingness to trust them with more money.

A ponzi scheme generates money when a new member creates an account and deposits funds into the platform.

The owners would use part of the funds to fulfill some withdrawal requests just to fool members and keep the gravy train going.

In other words, Versecopytrade is not trading the financial markets and neither are they putting funds in the alleged areas of investing.

All the funds sit idle in a secret offshore bank account or Bitcoin wallet which is untraceable.

Because Versecopytrade.com is a new website, it may continue for another 1 year before it disappears.

And when it does disappear, it goes down with investors’ funds. In fact, such a scheme will go down with millions of dollars without notice.

It collapses because it cannot continue paying out when the number of investors is dwindling and no new deposit is coming in.

For now, they’re enticing new investors and hoping that you’ll fall in the trap.

Conclusion of this review

The alleged copytrading service offered by Versecopytrade is fake as the traders that sell their strategies for a fees don’t have a verifiable track record.

You cannot make money by copying a trader whose track record is unknown.

This scam is just like 77 Investment or World Markets (which closed down shortly after we predicted).

If you have fallen victim of such scams before, feel free to comment down below. Your comments helps keep our readers safe and if you highlight a company that we have not reviewed before, this would help us focus on the scam and expose it in our next writeup.

Thank you.