When this much money is at play, you have to be sure that the company you do business with is reliable. Judging by client reviews, EndoTech is not.
People that invested in these strategies got scammed. We’ve managed to outline the most important information about this company and its investment strategies in the EndoTech Review.
The first thing we checked regarding EndoTech was the regulation. At the time of this writing, the database of the Israel Securities Authority was unavailable.
Nevertheless, based on other reviews and sources, we found out that EndoTech is not regulated in its home country.
We know for a fact that this entity has not MiFID passport, i.e. is not authorized to operate under the jurisdiction of the European Securities and Markets Authority (ESMA).
We support this claim with the fact that three European regulators have flagged EndoTech as a scam. Numerous client complaints probably prompted the regulators’ reaction.
EndoTech is not authorized to provide services in the United States or Canada either. We didn’t find this entity in the databases of the US Securities and Exchange Commission or the Investment Industry Regulatory Organization of Canada.
Basically, EndoTech doesn’t have the necessary permits to operate in Europe and North America. Yet, this company disregarded the rules to scam many clients.
EndoTech is an Israeli-based company that offers sophisticated algorithmic crypto investing. This entity, which is not authorized to operate in Europe or the US, has defrauded clients from the States, Germany, Italy, Canada, and France.
These warnings imply that EndoTech is not ESMA-compliant and thus unauthorized to operate in Europe. Other EndoTech reviews claim that this company is a pure MLM scam so please stay away from this fraudulent enterprise.
It was very important for us to find out where EndoTech was active, i.e. in which countries around the world did this company provide its services.
Based on our research, EndoTech was mainly active in Europe and North America, despite not possessing the necessary permits.
Without being authorized to operate in Germany by the local regulator BaFin, EndoTech directly violated Section 54 of the German Banking Act (KwG).
We also found several claims that EndoTech is a member of the US National Future Association (NFA) but it’s all misinformation. There’s one entity with a similar name in the NFA register but it’s not a member.
To put it lightly, traders weren’t satisfied with EndoTech. We found numerous complaints against the company in different languages on various forums.
The complaints were aimed at EndoTech’s fraudulent business and its founder, Dr. Anna Baker. You could spend an entire hour reading the negative reviews of EndoTech but here’s one for the sake of illustrating how clients feel about this company:
They suspended my account and demanded I owed them money.
Customer service is awful. They ignored my every question, and constantly responded slowly, and only responded with email.
EndoTech is pretty active on social media – this company is present on Facebook, Instagram, YouTube, Twitter, LinkedIn and Telegram. Social media platforms are useful tools for finding victims.
After all, this company’s scheme depends on having as many clients as possible. It’s basically a pyramid scheme that works like this – EndoTech takes part of your money and gives it to new clients.
This way, news clients are tricked into believing that EndoTech is profitable. They are then asked to invest further to fuel the scheme. The more clients EndoTech has, the higher the “dirty” turnover of money. Classic fraudulent practices… Please avoid falling into this pyramid scheme trap.
This company primarily bases its business on crypto investment strategies using various crypto assets. Let’s take a look at an example – the EndoTech BTC Alpha strategy.
According to the website, this strategy is based on “continuous high-volatility of coin prices in the near future… EndoTech’s AI systems look for intelligent price entry points, exits and stop losses.” Here’s the data the company provided after one year of this strategy:
EndoTech offers three different pricing plans:
EndoTech’s clients have had issues with the withdrawal process. According to some, the waiting time exceeds one year. No investors who chose the Institutional pricing plan have been able to withdraw since 2018.
Withdrawal issues are the first sign of a scam. Unfortunately, EndoTech’s name is closely associated with problems.
If EndoTech violated any terms and conditions, please notify our team. Share your experience with us so we could report this scammer to financial authorities.
As for your lost money, we can help you get it back. Global Fraud Protection’s team is experienced in all refund methods – bank chargebacks, recalls, crypto-tracing methods, etc. CipherTrace is a software we regularly use.
If this company steals your money, contact us for help. Use Online Chat to book a free consultation with us and find out how you can get your money back.
EndoTech is not regulated plus there are many complaints against the company. This is a pyramid scheme, do not invest!
No, EndoTech doesn’t offer trading accounts, the company offers strategies and pricing plans.
Yes, EndoTech’s interface can be accessed via mobile phone app.
EndoTech doesn’t offer a known trading platform such as MT4, MT5, or cTrader.
EndoTech is not regulated plus there are many complaints against the company. This is a pyramid scheme, do not invest!
No, EndoTech doesn’t offer trading accounts, the company offers strategies and pricing plans.
Yes, EndoTech’s interface can be accessed via mobile phone app.
EndoTech doesn’t offer a known trading platform such as MT4, MT5, or cTrader.
The post EndoTech Review – What You Need To Know About An Unregulated Firm appeared first on Global Fraud Protection.
