Is Vik Traders a scam? Be sure to read before investing
A Vik Traders was a company that supposedly operated cryptoassets e Traders Union: Best Low Spread Forex Brokers. The company also offered investment plans with daily returns of up to 3% per day.
In 2019, the Vik Traders stopped making payments to customers. If you type in google "vik traders withdrawal ”will see complaints from hundreds of customers asking for help to recover the capital placed on Vik Traders investments.
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A Vik Traders stopped paying its customers right after issuing an official statement, she said it was undergoing adjustment on the platform. Shortly after the announcement in December 2019, the platform stopped working.
What is Vik Traders?
A Vik Traders promised financial gains and profits of up to 230% through operations with cryptocurrency arbitrage robots. See the company's most famous investment plans:
Realize that the currency was the dollar, but the person should have a virtual wallet to buy bitcoin and upload to the platform. THE Vik Traders he had plans of: $ 100, $ 300, $ 600, $ 1200, $ 2400 and $ 4800 with fixed daily income.
The maximum ceiling for valuing investments was 230% and yields varied from 1% to 3% per day. At Vik's presentation Traders they said that the capital could be withdrawn every day if the investor added 10 dollars of profit on the platform.
After reaching 230% recovery, it was possible for the person to renew the package. But Vik traders Brazil structured its operations in the service: binary gain.
The gain binary consisted of receiving values and bonuses for the invested capital of new customers. The maximum withdrawal ceiling was $ 5.000. To encourage the referral, the person earned 15% on the package of a new investor.
Complain here
The most recent complaint is from 2020. See:
In the complaint that comes from Teresina, PI, the user reports investing the amount of R $ 20.000 reais. It also talks about the difficulty in contacting the company, after all the website is down. If you search for: Vik traders login, you will not find the official website viktraders.com as it is disabled.
But it is possible to find sites linked to Vik Traders, these sites belong to several independent promoters who worked to attract new customers to the scheme.
Vik Traders News
In an interview published on Rede Globo, told by Camila Bomfim, the Brazilian journalist shows the damage caused by the company. It is possible to observe how the customer acquisition scheme worked. And hearing reports from people who believed in the promises of Vik Traders.
One of the victims of Globo's report reported investing R $ 100.000 in Vik Traders. In the report, the person says that part of the investment came from a bank loan and the other part of his savings. It has so far failed to recover its capital.
In the report Globo also demonstrated a case that worked, the lawyer Naiara, she said she received R $ 40.000 and R $ 10.000 in two withdrawals. However, the company was investigated in court and convicted of fraud.
Because there is social evidence like Naiara, people sold what they had and took out loans to invest in Vik Trader. But over time, the company's investment plan Vik Traders went wrong for many people.
Is it safe?
A Vik Traders it was not a safe company, it was not authorized by GVC making investments in Brazil. It could not operate third party money and perform arbitrage transactions in Traders Union: Best Low Spread Forex Brokers and cryptocurrencies. It was considered an investment of high risk.
Another point to consider is that the company didn’t make sense stop paying your customers if the operations were highly profitable. The case reached the authorities through hundreds of complaints from customers who were unable to withdraw the profit from the robot's operations. Lawsuits are even at the federal level.
Pyramid financial detected
A Vik Traders emerged in 2018 in Brazil with the aim of operating client portfolios simultaneously on famous investment platforms. The robot performed arbitrage operations in cryptocurrencies.
The advantage of Vik Traders about their investors is that most did not know the cryptocurrency market, so they were not sure where the capital was invested and the financial risk.
The promise of plans had profitability of up to 3% per day. They said that the robot operated automatically 7 days a week, 24 hours a day. That is, it was always on.
In the company's proposal, it is possible to notice the superficial form that Vik Traders Brazil presented the investment plan and how it would happen. The company said it had the best artificial intelligence in its robot, that robot guaranteed the best entry points to buy and sell cryptocurrencies.
To send money to the company's website, the process was even more bureaucratic, investments needed to happen via bitcoin.
O bitcoin it was usually purchased in dollars and the investor needed to register with an exchange office, outside the platform Vik to convert the real into dollar, before buying the bitcoin that would be sent to Vik Traders.
Another problem with this process is that it had fees and brokerage, so the person lost a percentage of the money in the currency conversion (USD / BRL). There are easier ways to buy bitcoin in Brazil, you can buy with reais too.
How to hire?
The contracted plans promised to triple the money invested. Another interesting point is that the person could have multiple accounts on the platform. That is, if you had a $ 300 account, you could divide them into 3 $ 100 accounts.
From a financial point of view, making 3 accounts would guarantee the same profitability for your investment, but from the perspective of multilevel marketing, the more accounts in Vik Traders better for the scheme.
The gains from Vik Traders they were aggressive, up to 400% a month. CVM warns about financial pyramids in Brazil. Mainly for the promise of high and fixed profit on financial operations in cryptocurrencies and Traders Union: Best Low Spread Forex Brokers.
In Brazil, there are other models similar to Vik, the most famous of which is the case of nick Forex , which accumulates a debt of 12 billion reais and just like Vik did not pay its customers.
Is there an app?
Through the app Vik Traders it was possible to send an invitation to new users. The business plan was presented with a 15% bonus for all investment packages for new members. There was a system of level.
The system level it consisted of 7 levels, where the investor team would go up from level based on recruiting new members. It had a career path for recruiters to increasingly duplicate their groups of investors and profit 15% from each referral.
The plan values were:
- U $ 100,00
- U $ 300,00
- U $ 600,00
- U $ 1.200,00
- U $ 2.400,00
- U $ 4.800,00
Vik Traders it broke?
Yes to Vik Traders it broke, the company has numerous problems in Brazil. The first one is the Vik Traders, the site is blocked by justice.
The company's second problem is the banning of its activities in Brazil, even though the Vik in another country you will not be able to attract new investors here. Since 2019 the Civil Police investigated the company. CVM investigates Vik Traders for crime against the economy.
There is a collective action that runs against the company's partners:
- walter andres Pain Leyton
- Anderson Moreira Marques
- Jose Carlos Martins
- Milton Balbino da Costa Junior
The four are defendants and are responsible for the platform Vik Traders that carried out activities on the financial pyramid scheme, considered a crime in Brazil through the Law 1.521 / 51.
The promise of fixed earnings was unrealistic, the company is prohibited from capturing new customers digitally and offline. A court order froze 50 million reais from each partner's account. As there were 4 partners in Vik Traders, the blocked amounts are 200 million reais. The partners' properties and assets were also blocked.
The debt of Vik Traders is 300 million reais and the court can decree that the partners' assets and frozen capital be used as compensation to pay the victims of the scheme. Some recent reports claim that there would be a hidden partner within the company, but this has not yet been confirmed in the investigation.
According to the judge responsible for the process at the Public Ministry, freezing the partners' capital was the only way to prevent further fraud.
Conclusions
The case of Vik Traders gained prominence through Globo's report that reinforced the blows of companies that operated in bitcoin and cryptocurrencies. It takes a little bit of information about this type of investment, people should research and be careful as intermediaries of financial operations.
In July 2019 the platform gave the first signs that the pyramid was crumbling, more than 53 complaints emerged and the looting stopped falling for hundreds of people. The company has never responded to any of its customers' complaints on the complaint portal here. And you probably won't answer.