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OpixTech:Scam! Your money is at risk!

05-10

Opixtech Chen De Forex promised high returns, but you can't even withdraw your principal and might end up with trouble. Today, Trading Encyclopedia exposes the Opixtech Chen De Forex scam.

What is OpixTech? Let's take a look at how OpixTech presents itself in public media and social communities:

Opixtech is an algorithmic trading company that offers algorithmic trading for discretionary asset management. It provides investors subscribing to its Opix Algo products with monthly returns ranging from 6% to 16%. Opix Algo products are categorized into three levels: the highest level is Opix Algo Expert, followed by Opix Algo Pro, and the streamlined version is Opix Algo Lite.

The subscription fees and corresponding returns vary among the three levels. Based on the rate of return announced by Opixtech on June 29, 2023, the highest-level Expert subscription boasts an astonishing monthly return of 15.27% (details shown in the figure below).

20230811-161925

What is Opixtech's profit logic? How many people are still falling for the scam?

Did you feel tempted when you saw such high returns? With just six months, your initial investment of $30,000 could be completely recovered. But here comes the question: How does Opixtech ensure such high returns? Is it really relying on algorithmic trading? Obviously, that's not possible. There's a simple logic – if there were truly risk-free ventures in the world, why would such a good opportunity fall into your lap? Isn't borrowing money or loans and making investments on your own more appealing?

The answer is that the funds you invest don't actually enter the market for trading, and the returns you receive all come from your initial capital. Why does Opixtech insist on a 12-month subscription period?

This involves a fundamental concept – how does the scam survive? As is widely known, when a Ponzi scheme starts operating, its promotional gimmick is invariably to promise high returns. To achieve this, it continuously uses the initial capital from current investors and the fresh deposits from new participants to subsidize the initial batch of investors. This is essentially a game of passing the parcel. In theory, if a constant stream of new funds keeps flowing into Opixtech's pockets, it can perpetually subsidize the previous group of investors.

Does it sound reasonable? However, the fatal flaw of this fund game is that if the subsequent influx of new capital doesn't match or exceed the previous or current capital, the game will over. After all, Opixtech's behind-the-scenes bosses are not philanthropists – they won't be generous enough to return money to investors. Then they might issue a statement claiming technical server glitches, third-party problems, or whatever excuse – Summing it up: "I'm gone, unfortunate men." Hence, the 12-month subscription period is also a measure to prevent clever investors from withdrawing funds prematurely, causing a run and ultimately leading to the collapse of the entire scam.

Why do some people, even though they know Opixtech is another Ponzi scheme, still choose to get involved?

This is where the scam exploits human nature. Despite knowing that Ponzi schemes are illegal and constitute illegal fundraising activities, human nature is inherently greedy. Faced with sustained high returns, there are always those who harbor a sense of luck, thinking they won't be the last ones to take over. However, when the announcement truly reaches them, these investors are ultimately left in despair, with no recourse for complaints.

Is Opixtech's claim of collaborating with over 60 financial institutions true?

Regarding Opixtech's assertion of partnering with dozens of financial institutions, firstly, Raynar Prime is a brokerage established by Opixtech itself, and the Metatrader it employs can manipulate backend operations to generate fake trade records. What you see is carefully crafted by the fraudsters to deceive you. Do not trust the so-called authentic delivery orders as they can all be fabricated. There are numerous Metatrader control systems and fake trade record plugins available, making deception a straightforward task. Furthermore, the Australian AR license regulation touted by Raynar Prime is obtained at a cost of a few thousand dollars and is relatively easy to acquire. This expense is a mere drop in the bucket compared to Opix's fraudulent gains.

As for other financial companies mentioned by Opixtech, it's not out of the question that they may have utilized services from relevant financial technology firms, but they likely only acted as customers purchasing these services. These companies are not guarantors for Opixtech. Here's a very simple example, if I chat in facebook, does that mean I'm collaborating with Meta? Please keep your eyes open and don't let Opix's packaging deceive you.

If Opixtech really runs away, can I get my money back? How can I guarantee my rights?

Impossible! Absolutely impossible! First of all, the mastermind behind Opixtech and its team are from Malaysia (a classic pattern in Ponzi schemes). The situation has become even more difficult. So, if you're already involved, how can you safeguard your interests? Here are some small suggestions from Traderknows:

Please remember the local market team leader, direct sales personnel, and relevant individuals from Opixtech. It's best to photograph their passports, ID cards, and other information for record-keeping. If real problems arise, keep a close watch on these people and file a case promptly.

Withdraw your funds in a timely manner. Take your money out now to avoid your hard-earned money falling into the pockets of fraudsters. As is known to Traderknows, many investors were brought into Opixtech's forex scheme by close people. Please promptly share this article with your relatives and friends to help them wake up in time and prevent worse losses.

If there is a team promoting Opixtech's project in your location, please call law enforcement agencies immediately. We anticipate that this article will surely face doubts and challenges from the Opix team. But that's okay—just show this article to policemen and confront them face to face. See how they explain themselves!

What is the sentence for the individuals involved in marketing for opixtech?

Quoting below:

Article 192 of the Criminal Law:

Whoever, with the purpose of illegal possession, illegally raises funds through fraud, if the amount is large, shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined; if the amount is huge or there are other serious circumstances, shall be sentenced to fixed-term imprisonment of not less than seven years or life imprisonment and shall also be fined or have their property confiscated.

An entity that commits the offense as mentioned shall be sentenced to a fine. The directly responsible senior executives and other directly accountable personnel shall be punished in accordance with the provisions of the preceding paragraph.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

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Ponzi Scheme

Ponzi scheme is a type of financial fraud model that promises high returns and pays early investors with the funds from new investors, ultimately leading to losses for the majority.

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