Is Opixtech's Chen De Foreign Exchange Legal? Is the High Return of Opix Algo Real?
Without beating around the bush, the conclusion is: Illegal! Illegal operations, illegal collection of public deposits!
The Opix Algo trading strategy promoted by Opixtech is nothing but a complete sham, aimed at attracting unsuspecting individuals to participate in a Ponzi scheme under the guise of high returns.
First of all: Forex trading (margin trading) is not protected by any law in China. Any enterprise carrying out margin trading activities in China is operating illegally. To deceive the public, the Malaysian owner behind Opixtech established two companies, one is Opixtech (a front company under the guise of fintech), and the other is Raynar Prime (a behind-the-scenes broker).
Furthermore, their so-called strategy of hedging without directional risk, merely earning rebates on lots, is a horribly poor excuse to let investors lower their guard. Which broker can offer a monthly rebate condition of 6-16%? A legitimate broker earns from commission fees, so how can Opixtech promise investors a profit of 6%-16% per month? Is Opixtech doing charity, or is Raynar Prime? Some astute investors reading this will have realized the scheme at play. That is, Opixtech, in collaboration with Raynar Prime, is setting a trap to defraud investors. The so-called commission income actually comes from the investors' own capital. Otherwise, where would such high returns come from? Not to mention any possibility of observing settlement orders. Anyone with a bit of common sense knows that Forex trading is an over-the-counter transaction, and the Metatrader software they use (MT4/5) can easily alter backend data. Even if they truly placed orders in the market, it would just be for show. As they say, hedging only needs to cover certain trading costs. The promised profits to investors can still be drawn from their capital.
In fact, many participants in Opixtech Chen De's foreign exchange know full well that Opixtech is a Ponzi scheme but choose to participate anyway. This article from Trading Encyclopedia merely hopes to enlighten more innocent, unsuspecting investors to see the truth, withdraw in time, and avoid future losses.
