Bytesi Trading presents itself as a game-changer in quantitative trading. It promises innovation, advanced technology, and big growth opportunities for users.
The platform claims to be a trusted name in trading.
But when you look closer, there are many inconsistencies and warning signs that make its credibility questionable.
In this article, we’ll examine Bytesi Trading to help you decide if it’s trustworthy.
What is Bytesi Trading?
Bytesi Trading says it was founded in 2017 and claims to be a well-known platform in the trading industry.
The company promotes its use of advanced algorithms to generate high returns and brags about making $81,000 worth of trading calls.
However, its website domain was only registered on October 3, 2024. This major contradiction raises doubts about its claim of being an established business.
The platform’s only way to communicate is via email. Unlike legitimate companies, it doesn’t offer phone numbers or live chat for real-time support.
This lack of transparency makes it hard for users to get quick help, especially for urgent issues.
Bytesi Trading also shows off a Nevada LLC certificate as proof of legitimacy.
However, owning such a certificate doesn’t mean it’s a fully compliant or reliable business in the U.S.
This misleading tactic could fool potential investors into thinking Bytesi is more trustworthy than it actually is.
Our Review
There are several big red flags with Bytesi Trading. The platform claims to have been around since 2017, but its domain is only a month old.
A legitimate company would have a history of operations, which Bytesi lacks.
Bytesi also claims to have made over 81,000 trading calls, but achieving such a large number in just one month is not realistic.
These exaggerated claims seem designed to trick people into trusting the platform.
Another concern is the absence of user reviews.
There is no feedback on TrustPilot or other review websites. Without reviews, it’s hard to trust that anyone has had a good experience with Bytesi.
The platform’s promise of profits through “button-clicking” is also suspicious. It says users can earn money by clicking buttons in the app, with higher investments requiring more clicks.
This makes no sense because clicking buttons doesn’t generate real trading profits. Instead, it sounds like a Ponzi scheme, where money from new investors is used to pay earlier ones.
These schemes always collapse when new investments slow down.
Bytesi’s business model is similar to other app-based Ponzi schemes that became popular after 2021. These schemes promise easy money but end up scamming most users.
Bytesi’s resemblance to these fraudulent models makes it hard to trust.
What to Do If You Get Scammed
If Bytesi Trading or a similar platform has scammed you, take these steps to reduce your losses. Collect all records of your transactions and communication with the company.
This information will be important if you decide to report the scam.
File a complaint with your local consumer protection agency or financial authority. They may be able to investigate and take action.
You can also warn others by reporting the scam to watchdog websites.
If you used a credit card or payment service, contact them to dispute the charges and ask for a refund.
While a refund isn’t guaranteed, some financial institutions may reverse fraudulent transactions.
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