Summary: Linegate platform also known as 2link (see the websites here and here) brands itself as an Automated Online Trading System. Everything about the platform looks shady and dodgy. No one should join these platforms. IdeasDome LineGate review below explains why.
No one knows when Linegate platform was created because the founders curiously have hidden this information from the general public. That is a major red flag for me because only scam platforms will hide basic information about themselves. From what I could tell, LineGate.myoption.net servers are in Russia. That could indicate the founders are there too. The website has become fairly popular recently judging by the traffic it generates. LineGate is popular in Cuba (highest traffic source), Serbia, and Iran. Nepal is fourth on the list.
The founders of this potential scam are not known.
See my list of recommended platforms here
How LineGate Operates
LineGate pretends to be a legit binary options broker but all signs indicate it is an illegal Ponzi scam. The platform’s sources of revenue are referrals and ads which are everywhere on the LineGate website.
LineGate claims you can join the platform for free and earn up to $25 as a signup bonus but it’s not giving you the complete picture.
Upon signup, you get the $25 bonus but you cannot withdraw it. The minimum payout is $90 which is quite impossible to attain in the Basic plan which is your first LineGate level. So you see it’s not exactly free to join as it claims. You will need to upgrade to a Silver or Gold plan to make profits.
Note of Warning
You must invite people to the platform before you make any profits. The Silver plan mandates you to refer 10 new persons to the platform while the Gold plan will require 30 referrals.
This is an obvious Ponzi style structure. No legit trading platform will require referrals to make profits.
Upon signing in to the LineGate platform, you will be presented with a list of currency pairs to pick from…Lol. It all looks fake. Anyway, once you select a currency pair you will need to enter the trading amount. It could be as little as $1. Then you’d be asked to pick one of their fake traders. Don’t be fooled, none of these traders exist or are doing any trading.
The platform claims to have nearly 100,000 users. Again, this cannot be verified and it’s most likely false. But even if it’s true, it will be unwise to join this Ponzi scheme. Why should you trust a platform that is secretive about everything? Its founding date, its founders, etc.
Other red flags
- The testimonial section is generic.
- Fake claims: LineGate claims its users earn $1000 per month. No real trading platform can accurately make such promises especially in the crashing markets of today. LineGate/2Link platform is a Ponzi scheme
- LineGate is not a registered trading company. It doesn’t even bother to claim to be like the other scam platforms who fake trading licenses. LineGate is not a licensed broker. Come to think of it, this should have been the first red flag for any investors.
In my experience, having no trading license typically means ‘run away from this platform’.
Conclusion: You will lose your funds if you invest in this illegal scheme. This has been a LineGate platform review.
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