USI Tech Review 2024: Why Should you trust or avoid?

USI Tech is a scam. USI Tech vanished from the internet in 2022, leaving a trail of broken promises and empty wallets. While claiming to be a cutting-edge crypto trading platform, it operated more like a predatory pyramid scheme, luring victims with unrealistic returns and disappearing with their hard-earned money.

What is USI Tech?

USI Tech masqueraded as a platform offering automated trading software for cryptocurrencies and forex. Users could “invest” by purchasing packages, supposedly granting access to this magic software and guaranteeing significant returns. The catch? A multi-level marketing (MLM) structure heavily incentivized recruiting new members, with commissions paid out of these new deposits rather than actual market profits.

USI Tech Details

Deposits and Withdrawals

Deposits, primarily in Bitcoin and Ethereum, were relatively smooth. However, withdrawals were a different story. Many users reported facing difficulties, delays, or complete blockages when attempting to cash out their “earnings.” These problems, alongside the lack of regulatory oversight, should have been major red flags.

If you have lost money to companies like KoinDeFi, or Liffecoin; please report it to us on our Report a Scam form.

Account Types

USI Tech offered several tiered packages, each promising higher returns, and more “features” with increased investment. The higher the tier, the more aggressive the recruitment pressure, incentivizing members to lure more victims into the scheme to sustain their own payouts.

Red Flags and Warning Signs

USI Tech made a splash by introducing their revolutionary crypto software and promising users a 140% profit in 140 days. Given that the first Bitcoin surge occurred in 2017, a lot of people acted quickly to take advantage of this amazing opportunity.

Operating under the name USI-Tech Limited, the corporation was registered in Dubai. It is marketed as a high-return cryptocurrency and Forex trading platform. The scheme’s proponents bragged that a $40 investment could net you up to $10 million. Thus, the HYIP suspicion. Those who had suspicions were right, as it proved out.

USI Tech Limited was the subject of a warning from the Financial Commission of New Brunswick, which said that the company was not authorized to deal in or provide advice on securities or exchange contracts in this Canadian jurisdiction. Other Canadian regulators, such as the NSSC of Nova Scotia, the OSC of Ontario, the MSC of Manitoba, the BCSC of British Columbia, and Canadian Securities Administrators, heeded the warning in the months that followed.

Spanish CNMV issued Europe’s first warning on USITech in April 2018. The Estonian FI and the Norwegian Finanstilsynet both republished this warning. It states that the business is not permitted to offer investment services within the nation.

The Australian ASIC and the New Zealand FMA said in August of the same year that usitech-int.com was not permitted to seek investors.

Customer Complaints and Negative Reviews

Victims of USI Tech flooded online forums with complaints of being unable to withdraw their funds, facing unresponsive customer support, and witnessing the platform’s gradual decline before its ultimate disappearance. These firsthand accounts serve as stark warnings to anyone considering similar schemes.

USI Tech Alternative Brokers

Before investing in any online trading platform, do your research. Choose reputable, regulated brokers with a proven track record. Popular options include:

• eToro
• Coinbase
• Robinhood
• Interactive Brokers
• TD Ameritrade

Remember, if an investment opportunity sounds too good to be true, it probably is. Stick to established, transparent platforms and avoid get-rich-quick schemes disguised as trading solutions.

Got Scammed by USI Tech? We Help Victims!

While recovering funds from a defunct scam might be tricky, resources are available to help victims. Legal and consumer protection agencies, as well as online communities of scammed individuals, can offer support and guidance. Remember, you are not alone. Share your experience, raise awareness, and help prevent others from falling prey to similar scams or You Can report to us today by the below form.